No matter which field you belong to, or where you live, you have probably heard of cryptocurrencies. When Bitcoin was first introduced in 2009, it didn’t have much of an impact, but all that changed over the years. After 2017 when the market touched its peak, everyone knew of cryptocurrencies, and Bitcoin, in particular.
This is when interest and traffic in the crypto market also began to increase rapidly and it has intensified in the last few years. Bitcoin and the crypto market reached new levels during this pandemic and this has also brought in more people into the space.
If you want to tap into the crypto market, you require the services of a broker and Monafoli is one of the options you will find. However, like every other company, you should check out their services before deciding to sign up. You can go through this Monafoli review to find out what it has to offer to you:
The Tradeable Cryptocurrencies
Bitcoin has become synonymous with cryptocurrency, but it is not the only digital currency that exists in the market. Thousands of other cryptocurrencies have been introduced in the last decade and a number of them have proven to be quite profitable. You need to know what cryptocurrencies you will be able to trade with Monafoli before you decide to use their services. After all, this will determine how much profits you make at the end of the day.
The crypto offerings that you find at Monafoli are quite impressive because they don’t just include the top options in the market, such as Bitcoin, Litecoin and Ethereum, but have also added other newer cryptocurrencies that have a lot of potential and can offer high returns. These include Bitcoin Cash, Monero, Dash, Stellar, Cardano, Binance Coin, Polkadot and Ripple. With such variety at your disposal, you will be able to diversify your portfolio and enjoy substantial returns.
The Trading Software
The next important feature of the broker that you should check is the trading software it provides. This is extremely vital because it will help you in taking advantage of the market movements and opening and closing trades. If the platform doesn’t do its job, you will not be able to trade profitably. The crypto market moves very quickly, so the software needs to be able to keep up and Monafoli has ensured its platform can do so. They have developed a web trading solution that’s compatible with any device supporting a browser.
It doesn’t require any downloading, whatsoever, and can be used on any device, thereby providing traders with flexibility. Moreover, in order to ensure the platform performs well, state-of-the-art technology has been used by Monafoli for it. Therefore, the platform delivers quick trade execution, along with one-click trading. A number of trading tools have also been added, such as live and interactive charts, custom indicators, trading signals, price alerts, an economic calendar, the latest market news and technical and fundamental analysis tools.
The Account Types
In order to cater to different types of traders, brokers usually develop several account types and the same can be found here. But, you will notice that Monafoli offers more diverse options to its clients, as there are a total of five account types added. These are Mini, Silver, Gold, Diamond and VIP. Each of these accounts require a minimum deposit in cryptocurrencies. The leverage remains consistent at 1:200 in the first three accounts, but increases to 1:300 and 1:400 in the last two accounts, respectively.
Each account targets a specific type of trader, such as newbie, beginner, intermediate trader, skilled and then professional traders. The margin loan in each account also varies, starting at 25% for the first account and going as high as 100% in the last. Other features that Monafoli has added include personal account manager, daily news, weekly market reviews, trading webinars, invitation to VIP events and a wealth manager.
If you want to tap into the crypto market, Monafoli can be the right partner for you in the long run.