The growing amount of negative press surrounding binary options brokers has pushed many investors back towards traditional forex trading. Once upon a time (around 15 years ago) forex trading used to be the preserve of experienced traders and large financial institutions. Now, anyone with a few minutes and an internet connection can trade the financial markets with online platforms such as mib 700.
There really is not a shortage of forex trading platforms to choose from. If anything, there is too much choice. This is why doing the research to find the best forex broker is an essential task. Here we look at mib 700.
One of the first things to look at when choosing a forex broker is to look at whether or not they are established. This particular online forex broker has been active since 2014, which provides comfort that this isn’t a flash in the pan, here today and gone tomorrow broker. This is an established forex trading platform with a positive online history
Safety of Funds
After establishing that mib 700 is not the new kid on the block, we now look at safety. When choosing a forex platform, the safety aspect is of paramount importance. The most important part is safety of funds. As per the MiFID (markets in financial instruments directive) of 2004, forex brokers MUST separate client funds from company funds. According to their website at mib 700, deposited funds and profits are transferred to a separate account, and cannot be used by Mib700 other than to credit the account holders. Money management in these cases is very important.
After ascertaining that the forex broker is safe and established, the next area to asses is the actual trading platforms it offers. The mib 700 trading platform is developed using the highly popular and advanced Meta trader 5 platform. The MT5 platform is a powerful instrument to trade a wide variety of assets. This multi-asset platform offers a treasure trove of features designed to meet the needs of traders of every level. It doesn’t matter if you are a complete beginner or a seasoned pro, the MT5 has something for you. The feature rich trading platform allows multiple orders, stop loss and take profit orders, all in real time. There are also a number of charts and charting tools available to help even the most inexperienced traders get acquainted with the financial markets in no time at all. MT5 is a MUST have for any prospective forex trader.
There are three different types of accounts at mib 700:
Standard $200 – $999
Gold – $999 – $9999
Premium – $9999 +
The accounts each come with benefits that include varying bonuses, education packages and market analysis. Obviously the more you invest into the account, the more features you get. The more features you get, the more chance you are giving yourself of increasing your profitability.
There is also a practice account which is highly recommended to newer traders so they can familiarize themselves with the platform and try out different strategies without any risk.
The Mib 700 online trading platform is among the solid and trustworthy platforms for traders of every level. Featuring a host of innovative tools and useful education materials, there really is something for everyone here. Accessible accounts, good leverage (300:1) and a wide range of assets to trade on the MT5 platform have made Mib700 one of the more popular choices of forex trading platforms. You could certainly do a lot worse than Mib 700. Segregated funds, an established positive online reputation and a wide array of features make Mib700 one of our recommended Forex brokers to make money online.