Reviews of 23Traders Services

Figuring out which online trading service provider is the one that best suits your needs could be a confusing experience. The digital market offers dozens of online trading providers, each of them promises great and huge things to their traders. I’ve been experimenting with a couple of these providers by investing minimal sums of money and interacting with each provider’s features and services. This article will review 23Traders, a three years old online trading provider.

Licensing and Regulation

Licensed and regulated by Vanuatu Financial Services Commission (VFSC), 23Traders is owned by Decimol ltd, which is located in Sofia, Bulgaria.

Educational Tools

Virtually every online trading provider boasts about the educational materials it offers its clients. 23Traders makes the same promises and fulfills them. Tutorial videos about the basics of online trading are available for free. Short, insightful and effective, the tutorial videos teach all you need to know before you make your first trade. I recommend going through the glossary, where 23Traders reviews the essential terminology for people who are totally new to this world. The second layer of educational tools lies in the webinars that occur two times a week. The webinars cover many subject matters that are crucial for successful online trading: how to master 23Traders platform, how to choose between taking long, short or medium term positions and how to trade on CFDs and FOREX. I’ve taken a couple of webinars, the tutor had a way of taking complex financial terms and making them understandable. I definitely felt more confident in my trades after participating the webinars. Last but not least is 23Traders reviews of financial and political events that impact financial markets, which is a helpful tool for your decision-making process.

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Assets and Financial Instruments

A diverse and varied tradable assets list is a must for any online trading provider.  23Traders offers a comprehensive list of stocks, commodities, indices and currency pairs. The stocks of leading corporations such as Google (Alphabet Inc), Amazon, Apple, Deutsche Bank and many others are available for trade. If you feel more comfortable trading on commodities, you will find opportunities to trade on sugar, gold, crude oil and many others. As far as indices go, the major ones such as S&P 500 and the Dow Jones allow trading on macro level financial developments. Though it’s not my favorite of tradable asset, currency pairs provide a chance to exercise your knowledge in international affairs and global economy.

Choosing an asset to trade on is only half of the story. To make some money you’d have to take a position on that asset. I started with a mild trade by taking call or put positions until I gathered some more confidence, then a new world of financial instruments opened to me: Long, short or medium positions and then moving on to One Touch and Ladder.

Customer Service

After the completion of the registration process, I was assigned with an account manager who skillfully guided me through my trades and was very helpful. 23Traders customer service is available on the phone, I had a problem that was fixed in just one phone call. It seemed like they really cared for my problem.

Conclusion

If you are interested in a reliable online trading provider, I suggest giving 23Traders a go. Their unassuming attitude and helpful team provider a calming trading experience that is also lucrative.

Summary:

A 23Traders reviews of their online trading services that include assets such as stocks, indices, currency pairs and commodities. 23Traders reviews on a daily basis the latest financial and political developments in major markets around the globe, providing crucial information to their clients. 23Traders provides additional educational tools such as webinars and tutorial videos. The customer service is helpful and available for phone calls if traders have issues that cannot be resolved with the designated account manager that guides and help traders through their trading sessions.

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Basic Information About 23Traders

23Traders is a relatively new online trading broker that commenced activity in 2013 and licensed by Vanuatu Financial Services Commission (VFSC). It is owned by the Bulgarian company Decimol ltd and located in Sofia. Their email address is support@23traders.com and you can reach them on the phone through a Bulgarian line: +359-24950568 or their UK line: +44-203-8688601.

Capital Markets Review

A cutting edge and state of the art trading platform is available for traders and investors with 23traders.com. The trading platform comes with dozens of tradable assets such as commodities, stocks, indices and currency pairs. Confident traders will probably enjoy taking short term positions through financial instruments that expire within 30 seconds, 60 seconds or 300 seconds. This fast-paced trading method is suitable for traders who are quick on their feet and feel comfortable with the prospects of big gains in short intervals. This kind of traders will also enjoy other trading methods such as One Touch and Ladder.

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First time traders and novices might feel more comfortable with the traditional call/put positions and with trading currency pairs, a fantastic opportunity to make an effective use of market movements. 23traders offers a variety of currency pairs that pairs and mixes between strong currencies such as USD, EUR, GBP and AUD in addition to more obscure currencies like the South African Rand and the Turkish Lira.

 Mobile Compatibility

A must for any trader who’s interested in an immediate access to his trading activity, 23Traders mobile app is available for iOS and android smartphone. All the trades are consolidated under one platform, allowing the traders to trader from anywhere and frees them from their desktop computer. The mobile app includes push and pull alerts for significant trading opportunities and for keeping track of the trading account.

Cyber & Security

Over the last couple of years hacking and cyber security have made it to the top of the list of traders’ concerns. Traders are concerned about keeping their money safe and keeping their trading activities confidential. 23Traders reviews its systems around the clock to prevent any chance of hacking or disturbance to its services. Traders can check for themselves that they are safe by verifying that the lock icon at the address bar is locked during trading activity. In addition, 23Traders takes care of cyber security with a 128-bit SSL encryption, a highly effective one. 23Traders servers are shielded via a firewall, preventing access to the system of unwanted interference.

Deposits & Trading

Unlike other online trading providers, 23Traders is all about democratizing and expanding online trading to clients who are willing to make learned investments. The initial deposit could be as low as 250$ for credit card holders or 500$ for those who wish to pay via bank account. The most frequent question I get is ‘how much money should I invest’. The answer depends on each trader’s income level and the goals he sets for himself. Whatever you do, make yourself acquainted with the field with the help of 23Traders reviews of global markets, webinars and tutorial videos. In addition, once you register to 23Traders you’d be assigned to an account manager who’d be more than happy to help you navigate your way through this exciting online trading provider.

Summary:

23Traders is an online trading provider, powered by SpotOption trading platform. It offers a cutting edge and streamlined service for traders who wish to trade on as little as 250$. 23Traders reviews its system regularly for hacks, bugs or any other interference to its services and to its clients’ cyber security. 23Traders smartphone app is available free of charge to its clients whether they are using an iPhone or an android operated smartphone, making the trading platform accessible from anywhere at any time.

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.

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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.

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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.

About 23Traders Main Features Reviews

Founded in 2013, 23Traders has garnered the respect and the trust of the online financial trading community. The online trading provider is the brain child of 23 traders who utilized their accumulated expertise and experience to create an intuitive and streamlined trading platform alongside a team of account managers who follow the traders through their trades. From using 23Traders services it is evident that a great deal of thought and effort has been put into them for the benefits of its clients.

Security & Cyber

In the age of cyber warfare, 23Traders is well aware of the need to protect its clients’ funds and private information. 23Traders reviews its systems around the clock to check for any bugs or cyber-fare activities. Its clients can make sure they are protected by checking the lock icon in the browsers’ address bar. A locked icon means that you are O.K., otherwise give a call to their friendly support team. In addition, they use SSL encryption, the highest level of cyber security available. All their systems are guarded by a high end enterprise level firewall, preventing unwanted access.

Another layer of protection lies in how 23traders reviews clients’ identity. They are extremely cautious of any type of activity that might be associated with money laundering and support of terror, that’s why they’ll ask you for forms of identification. These security checks show how serious they are about protecting clients’ funds, after all nobody wants to see his gains transferred to somebody else’s account. In addition, these identification measures are adhering to the regulations made by Vanuatu Financial Services Commission (VFSC).

download (5)Information & Education

The cumulative experience of the 23 traders is put for a great use in their Academy section. They’ve seem to put a lot of effort into providing information to their traders, a feature that lets you make educated and informed trades. Their daily market news blog should be on any trader’s daily reading list. The blog updates every morning with the latest news from major financial markets and other events that might influence them. A free of charge weekly webinar is a more personal way to learn all the features the trading platform has to offer and to scale your trades with more complex financial instruments. We strongly suggest following 23traders’ economic calendar that highlights upcoming events that have the potential to shake and move markets. It is an extremely easy way to plan ahead your trades.

Deposits

Minimum deposit requirement are not that high at 23Traders, 250$ or 500$, depends whether you register with a credit card or via your bank account. I guess the best way to decide how much money to put is to ask for the advice of one of the account managers. They are extremely friendly and very well informed and soon will be a part of your trading experience.

Summary:

23Traders is an online trading provider, using the highest levels of cyber security to ensure its clients’ cyber safety. Created by 23 traders who dedicated their expertise and experience to upscale the user experience and trading opportunities for other traders. Combined with strict cyber security measures, 23traders reviews its systems and the identification of its clients to protect their privacy and funds. The information provided by 23traders academy, webinars and daily market blog complete the traders’ experience with beneficial information for learned and informed decisions.