Soltechx Review: The Leading Online Copy Trading Platform
Forex trading involves buying, selling and exchanging currencies in the foreign exchange market. If you want to open a forex account, you need to go with a good and reliable broker. The best commercial broker will give you sound advice and support you every step of the way.
A pioneer in social copy trading, Soltechx was discovered a few years ago. Since its launch, it has grown, serving millions of registered users with a groundbreaking and cutting-edge platform that continues to grow into one of the largest social networks in the world, with customers in hundreds of countries.
Is Soltechx good for newbies or beginners?
Yes. Soltechx is a perfect choice for beginners or newbies. The trading platform is easy to understand and not complex. It does an excellent job of balancing features and useful tools in a mobile and website platform. It is easier to use this broker than some sophisticated trading brokers.
One problem that beginner traders might run into at Soltechx is performing sufficient analysis when choosing traders to copy and knowing how to look at more than just the absolute returns a particular investor has made.
For example, think of the risk score, normal number of trades in a week, and normal loss, profit, and hold time for a particular trader you want to copy.
Is Soltechx free to use?
The cost of Soltechx copy trading service is included in the spreads. Although it may be free to use this platform in terms of commissions, you will still incur trading costs if ask/bid spreads widen.
All online brokers make profits by charging spreads, commissions, or a combination of both. You don’t have to pay anything other than spreads and carry costs if you choose to hold positions overnight.
Is Soltechx trustworthy?
Yes. This trading platform is trustworthy. Trusted by millions of traders from every corner of the world, it is licensed and regulated to hold client funds while offering brokerage services in many countries worldwide. This trading platform has been listed on the NASDAQ. Established a few years ago, making it a safe, low-risk broker for trading CFDs and Forex.
Factors that determine trust in this type of service include proper regulatory licensing, operational history, and enough financial capital to ensure solvency and a good track record of providing excellent customer service. In many areas, Soltechx has earned the trust of many customers worldwide.
Does Soltechx offer cryptocurrency trading?
Soltechx offers cryptocurrency trading through CFDs and trading in essential assets such as buying Bitcoin. Keep in mind that retail crypto CFDs are not available from any brokerage firm. In addition, cryptocurrency trading on this platform is not available in some countries in Europe.
Final Thoughts: Is It A Good Broker Or Not?
Soltechx is ideal for traders looking to crowdsource investment concepts using copy trading techniques, or for very experienced active investors looking to share their ideas with other investors.
Less experienced traders who require a certain level of hand holding may find this platform easy to use and easy to understand. However, this platform is not ideal for high volume traders or active traders as small maximum trade sizes and higher spreads will be a limiting factor.
In terms of crypto trading and social copy trading, Soltechx remains the top option.
Disclaimer: This is sponsored marketing content.