MUST READ - Binary Options Brokers Warnings
(+) You must always be careful when trading with binary options brokers, some of them that look to be legit and even are regulated have turned out to be nothing more than boiler rooms and bucket shops.
(+) When first dealing with ANY binary options broker first deposit a SMALL minimum deposit for trading.
(+) Never take ANY bonuses! After making profits from first trade ask for an immediate withdrawal.
(+) If you are called on the phone and asked to make any LARGER deposits ALWAYS say NO.
(+) After making a successful withdrawal of first profitable trade + deposit amount you can start to trust the broker.

MYfintec Review - Notable Ways MYfintec is Different from Other FX Brokers

MYfintec Review

MYfintec Review


The demand for online brokers is on the rise since cryptocurrencies have gained popularity. Gone are the days when you actually had to go to the market physically in search of brokers as this is the age of the internet. Nowadays, you don’t have to be a day trader in order to buy and sell currencies, stocks, commodities and even cryptocurrencies. A lot of people are now entering the trading world as a hobby or for generating extra income because it is known to have some great opportunities. All this has been made possible through the internet. However, there is also one major downside; scams and frauds are rampant in the online market and you need to be cautious when selecting a broker. 

If you are looking for a transparent, fair and reliable broker, MYfintec is the ideal option for you. Under the ownership of Kin Ltd. and having its headquarters in the Marshall Islands, MYfintec was established by a group of dedicated experts from various markets during 2009. Their aim is to become a leading online broker due to which they have made a lot of effort into making it different and providing their traders with a unique environment. 

At MYfintec, traders of every style can adjust easily because the platform is very accommodating and it gives them the opportunity to trade in the asset of their choice instead of restricting them to a few assets. This has attracted a large number of traders to MYfintec because they can try their hand in different markets all from one place and not have to deal with the hassle of switching. There are some other ways in which MYfintec is unique as compared to other brokers. Some of the notable ways are outlined below: 

- An innovative trading platform 

When you check out the various online brokers, you will notice that most of them are running on the MetaTrader 4 platform. While this is undoubtedly a good option, it is not the only one that can be used. Therefore, MYfintec has chosen to go with Tradologic, which boasts a simple and clean user interface that promotes user-friendliness. Whether you are a beginner or an experienced trader, the platform makes it easier for you to understand the setup and contemplate and execute your trades within minutes. There are no complaints about any lags or other performance issues, which works in the broker’s and traders’ favor. 

- The greater number of account options 

Most of the brokers available in the market offer three account options to their traders. There is a simple account designed for novices who have no experience, whatsoever. The second account is for intermediate traders who have some exposure, but are not skilled enough to go higher. The last option is for the professional traders and experts and come with advanced features. MYfintec has chosen to be more specific and created five types of accounts to make it easy for beginners to transition to a higher level. 

Their options begin with the basic account, which has a minimum deposit requirement of €500 and doesn’t offer any advanced tools because traders don’t need any, at this stage. Here, they can access 10% leverage, good customer support, loyalty bonus and some basic data like trading signals. The Silver account is the next option for traders when they are ready to increase their investment and put in €2,500 minimum for trading. This account is a step up so the leverage increases to 20%, customer support remains consistent and the access to trading sessions, signals and charts is greater. 

Gold account is the third choice with a minimum deposit of €10,000 and is more suitable when traders have had some experience and seasoning. This account offers them access to loyalty bonus and leverage of 30%, trading sessions and account managers. Next is the Platinum account, which requires higher investments worth €50,000 and also offers better leverage of 40%. It provides access to some sophisticated tools such as charts, graphs, education center, webinar and more. The last account is the Diamond and is for professional traders with deposits of €250,000 required minimum. The leverage is at its highest at 50% and you enjoy all features available at MYfintec. 

- A complete education center 

MYfintec can also prove to be an excellent choice for traders because it has a complete education center as opposed to other online brokers. How can this education center help? Here, traders of all backgrounds can find a wide array of courses relating to different aspects of trading, which can aid them in improving their knowledge and skills. New traders can learn the tricks of the trade and how to operate in different markets whereas expert traders can learn new skills and strategies that can be useful in increasing their profits. 

In addition, MYfintec also uses lots of resources for organizing webinars and they are conducted by experts in their field to ensure that all traders can benefit from their expertise and knowledge. 

- A great referral program 

One of the most notable ways in which MYfintec differs from the other online brokers in the market is due to its referral program. When you have joined the platform and begun trading, you have the option of inviting others as well. If someone referred by you joins MYfintec and makes a deposit, you are given 10% as commission. Hence, it opens up a new source of income for you. You get this commission every time a deposit is made. Also, if whoever you referred also refers to someone, you also get a 3% commission from their deposit. This means that you can get hundreds or even thousands of dollars in your account without actually doing anything. 

These are some of the best features that has distinguished MYfintec from other brokers and enabled it to reach to the top. You can learn more by following MYfintec on Google+, LinkedIn, Instagram and Twitter.