When you want to trade and are looking for the right broker, you will have hundreds of things to consider. The more people you ask, the more diversified answers you will get about how you should pick an online broker. However, if you pay close attention and enclose all the information in a nutshell, you will discover that every successful broker stands on three pillars. These three pillars are: safety & security, ease of trading, and profitability. Since Duxa Capital is gaining a lot of attention these days for being a successful online broker, let’s find out if it stands on those three pillars.
Verifying Duxa’s Three Pillars of Success
1. Safety & Security
Yes, the first thing you have to check is the safety and security for traders that the broker offers. In the case of Duxa, traders have their information properly encrypted before it goes to the broker. This encrypted information is not visible even to the employees of the broker. Secondly, the broker obtains consent from the traders before sharing their information. It stores the money accepted from the traders in segregated accounts. It has strong KYC and AML policies in place that ensure the safety of each trader and the platform itself. When you look at these things, it is clear that the broker has one pillar in place without any issues.
2. Ease of Trading
It is important to understand here that ease of trading includes a lot of things. Firstly, you have to see as a trader if you can trade from multiple devices. What if you use a computer in the morning but a smartphone during the rest of the day? Can you switch from one device to another without compromising on the experience of trading? Yes, you can do that with Duxa. Secondly, have to find out if you have easy options available for depositing and withdrawing your funds. Yes, you can deposit your funds using multiple methods and use the same methods when withdrawing.
In addition to those things, do you get access to any trading alerts, signals, education, etc.? Fortunately, you get access to all of those things when you sign up with Duxa. Does this broker have the second pillar of success in place? Of course, it does.
Last but not least, you have to figure out if you will be able to make any profits with the broker. Why would you stick around with a broker if it does not even allow you to make enough profits on your trades? Or perhaps, it has so many different commissions, fees, and loose spreads in place that you can never take your profit home. In the case of Duxa, you do not have to pay any unneeded commissions when you trade. The spreads are extremely tight, so only a small amount goes out of your earned profit. Most importantly, the leverages you get from this broker allow you to enter big trades and come out with huge profits if you are successful with your strategy.
Another factor to consider within profitability is whether or not you get any help with your trades. Of course, no matter how much you read, you still need some sort of supervision in the beginning when you are a new trader. You will be glad to know that Duxa has money management features include in most of the accounts it offers.
After reading the information given above, you can clearly see that this broker has all the three pillars of being a successful online broker in place. With these pillars, you know the broker is offerings its traders every opportunity of making money that they have been looking for, and that is exactly what an online broker should do.