23Traders Reviews for First Time Traders

The virtually saturated market of online trading providers is full of seemingly same opportunities. A deeper look suggests that online trading providers differ from one another on a variety of issues. This 23traders reviews will survey the services and features provided to the clients.

23Traders joined the realm online trading in 2013. According to their press release, the website is the brainchild of 23 professional traders who designed their dream online trading services. This kind of attitude is well evident in their website, trading platform and customer service. It is not surprising then that over the last couple of years, 23Traders garnered a reputation of a reliable and professional online trading provider and today it is one of the most respectful endeavors in the field.

23Traders on the Go

In this day and age any decent online trading service providers offer their clients a mobile app version free of charge. 23Traders offers its app for bothiOS and android users, to allow a hands on approach to their clients. The streamlined mobile app is highly intuitive and does not shorten the phone's battery life span. Tracking and consolidating trades is easy and an efficient way to spend your morning train ride to work. Opportunities, otherwise missed, are available at the palm of your hand. I highly recommend regularly update the app to the newest version, as 23Traders reviews its app and updates it once in a while.

Deposits and Accounts

At 23Traders you can gain access to online trading by investing a reasonable sum of 250$ if you use your credit card and 500$ if you prefer wiring through a bank account. 23Traders reviews clients' identity before they let anyone invest a penny, the completion of the identification process might be a bit frustrating, but it is there for a good reason: nobody wants to see his gains going to the wrong hands. The accounts and the additional perks vary in accordance with the amount of money you are willing to invest. I won't tire you with all the account types, I suggest taking a look at it at their website.

Trading Platform & Features

The trading platform used by 23traders is powered by Spotoption, one the most reliable providers in the field. The streamlined platform is easy to navigate and follow while you make multiple trades simultaneously. Whether you go for the traditional call/put positions or venture out to bolder options such as ladder or limits, the platform works in a remarkable way.

Customer Service

As a rule, 23Traders assign you to a designated account manager who's at your service and helps you with your concerns. They are quite a down to earth sort of people and extremely friendly. I once had issues that could not be solved with the account manager; it was sorted with the help of customer service on the phone. Apparently not all online trading providers provide a telephone service. I find it much more personal to interact on the phone than via live chat.

Summary

A 23traders reviews for first time traders. 23Traders, founded 3 years ago, provides online trading services in multiple countries. Providing their clients with a free mobile app, traders can trade from anywhere at any time. The customer service is helpful and friendly and includes telephone numbers, a feature that is not always available with other providers. 23Traders' trading platform is powered by Spotoption, the market leader in the field. The online trading provider supplies reliable and professional services to online traders.

Too Cool For School? Not with 23Traders!

Navigating your way through dozens of online trading providers could be a confusing, frustrating and baffling experience at best. Numerous websites offer their online trading services for first time and experienced traders with attractive deals, bonuses and get rich quick schemes. Through the last couple of months I was experimenting with a couple of those providers, trying to figure out what kind of trading services suit the needs of inexperienced traders. One of the many providers that went under my scrutiny is 23traders.com, a three years old online trading provider. I checked how well 23Traders lets you into the knowledge any trader has to acquire before trading.

First time and novice traders would probably prefer checking out the tutorial videos 23Traders offers. Each one of them takes you into the basics of online trading and shed a light on how to make successful trades. The tutorial videos are easy to follow and they cover anything between how to make your first trade to explaining the basics about tradable assets such as stocks, indices, commodities and currency pairs. I had watched the videos before I made my first trade and it made me feel much more confident and empowered in my decisions making.

Another helpful feature 23Traders has to offer is its weekly webinars. The only downside is that you have to save a spot in advance or you'd be left out. The webinars are presented by Barry Norman the chief market analyst at 23Traders. Barry has a way with taking complex concepts and making them seem trivial whether it is how to upscale the use of the trading platform or a high concept like candlesticks charts. It only takes 30 minutes out of your day, usually on the weekends, but it does worth the effort and you can transform these 30 minutes into money. Barry's insights are of the practical kind, I suggest using them as much as you can.

Those of you who don’t wish to go back to the classroom or are too cool for school might consider adding 23Traders daily market blog to their reading list. Each morning the blog brings the latest news from major markets around the world, analyzing the latest moves in currencies, assets, stocks and indices. The 23Traders blog also covers non-economic events that might have an impact on financial markets like political developments, natural disasters and diplomatic crises.  If all that learning and reading already make you tired, at least check out the glossary 23Traders provides. It is the least you can do.

Having gone through the initial steps to make myself an informed trader, I guess that the best strategy with 23Traders is to make your homework and then start trading while using the help of an account manager and the economic calendar. The combination of your own knowledge with the account manager's expertise, in my experience, can make you some nice profits even if you are not about to invest a 5 figures sum.

Summary

I reviewed the learning tools 23Traders offers its clients as a support for their trading activities. 23Traders offers an Academy that includes a glossary of the basic trading terms; a daily financial news blog to follow global events that impact stocks, commodities, indices and currencies; 23Traders' webinars are held at least twice a week, usually on the weekends, and are a great source for understanding simple and high concept trading issues. The learning tools provided by 23Traders will certainly make you an informed and empowered trader.