Proligon Review – Assessing the Broker Thoroughly
There have been a number of innovative developments that have taken place in the trading sector since the advent of the internet and advancing technology. The concept of online trading was one of them and it enabled people to trade from the comfort of their own home and at their convenience. This is where brokers came in, as they were the ones to facilitate the entire process. Today, you can find thousands of them offering their services, ranging from the superb to the mediocre. Of course, you want one that falls in the former category and this Proligon review can give you some insight into the status of this platform.
Based in Bucharest, Romania, a company by the name of BUILDING SMART SYSTEMS IT SRL founded Proligon to offer forex and CFD trading services to global traders. They have been making a mark in the financial markets, so they will catch your eye as well. But, you need to assess them thoroughly before you can decide whether they are a good, or a mediocre choice. Let’s start digging:
Look at their asset index
Your assessment of a broker should start with their asset index because not all companies will offer you access to the same ones. There are hundreds of thousands of assets spread across different financial markets and their profitability and risks are unique. You want to ensure that the platform has the assets that suit your risk appetite and Proligon certainly offers you that.
A look at their asset index shows that you will be able to access some of the top global financial markets. As a matter of fact, you will find that the leading assets from each of the markets have been added for the convenience of traders. You can trade major and minor forex currency pairs at Proligon or you can trade digital currencies. There are indices and stocks available, along with commodities.
Look at their trading features
When you are assessing a brokerage, you cannot forget about their trading features because these are what will primarily form your experience. This is where you have to focus on the trading platform a brokerage offers because the right platform can make trading a smooth and seamless process. Going over the trading platform at Proligon shows that they have done their best to offer a simple yet innovative solution.
A web-based trading platform is provided that does not come with any downloading requirements. It is accessed via the browser and the user-interface is intuitive, so you can start using it right away. It boasts a customizable dashboard that has been equipped with the best trading tools in the market, such as live charts, trading signals, price alerts and analysis tools. Furthermore, Proligon has also used sophisticated technology or delivering lighting fast trade execution.
Look at their safety measures
You have to assess the safety measures of a brokerage as well because cybersecurity risks are a prominent concern. These have been thoroughly addressed at Proligon through different measures that you will come across. They have opted to maintain separate accounts for their clients in order to protect their deposits. They will be returned to you, even if the broker is to file for bankruptcy.
All personal and confidential details they accumulate is protected via SSL (Secure Socket Layer) encryption. You can find details about the data under their Privacy Policy. Most importantly, the adherence to KYC (Know Your Customer) and AML (Anti-Money Laundering) policies at Proligon is highly reassuring. This confirms that all accounts on the platform are verified via proof of address and proof of ID, which minimizes the risk of illegal activities like financial fraud, identity theft, money laundering and also terrorist financing.
The Verdict
The assessment of the major offerings of Proligon can lead you to conclude that it is a superb brokerage that has put together a powerful and comprehensive platform for traders to enjoy their foray into the financial markets.