Crypto Lloyds Review – Is this Broker the Right Fit for You?

Crypto Lloyds Review

At one point or another, you have probably come across some discussion or mention of the financial markets. It could be the stock market, the forex market and more recently, the cryptocurrency market. If you have ever wondered and looked into it, you may have found out that some of the richest people in the world have made their fortunes in these very markets. There was a time when it wasn’t that simple to step into this space and try your luck, but things changed with the concept of online trading. The internet has opened new doors and you can sign up with a broker to trade online. But, what does this have to do with Crypto Lloyds review.

As aforementioned, you have to sign up with a broker if you want to trade and this is a prerequisite that everyone has to fulfill. Even in the traditional form of trading, brokers played a vital role and this has remained constant in the digital form of trading as well. Initially, only a few online brokers existed, but this number increased gradually as more and more people began taking an interest. While this was certainly a positive thing, there were some issues as well. Since the internet is unregulated, cybercriminals also began to venture into this space as they realized there were a lot of opportunities to exploit people.

This is where the concept of scam and unregulated brokers came to be and many of them pervaded the market. Now, the challenge is that when you are looking for a company to start trading with, you have to check it out thoroughly in order to ensure it is an authentic and reliable broker. If they turn out to be a fake platform, you will end up suffering the consequences. This is just the first scenario. The second problem is that even if the company is an authentic one, it doesn’t mean that they will be the right fit for you.

It is a given that every trader is different and their expectations, requirements and preferences can vary, when it comes to trading and online brokerages. For instance, there are some people who are more interested in looking at the trading instruments that a company is offering, while others will be more concerned with the security features they are being offered, or the costs they are being charged. How will you know whether the broker is able to offer you what you need? Reviews can provide you the answer you require and help you in making the right choice.

Sure, you could take the risk and sign up with any broker, but if they don’t turn out to be a good one, you will have to go through the process of signing up on a new platform altogether. This can take time and you also have to deal with many problems prior to that. The best way to avoid them is by reviewing the broker beforehand and then making your decision. Amongst the options that exist in the market, Crypto Lloyds is one that has moved up the ranks quickly.

IBZ Holdings Ltd established this brokerage in 2018, which means that Crypto Lloyds has only been around for two years. Based in St. Vincent and the Grenadines, the platform is catering to traders globally and their website is accessible in two languages; English and German. They support USD and EUR currencies and have curated their services to meet the needs of traders of different skill levels. While this is undoubtedly good, you still need to determine if Crypto Lloyds is the right fit for you and your specific needs.

This is where you will find the below Crypto Lloyds review helpful because you will be able to learn about all vital aspects of the platform. You can check it out below:

Crypto Lloyds’s Security

In the last decade alone, there has been a staggering increase in the number of cybersecurity incidents on the internet. You have probably come across news of people having their personal and confidential information compromised, or their funds stolen. This has made people extremely cautious when sharing their information with anyone online, or making payments. The problem is that you have to do both if you decide to trade online and use the services of a broker. You will be required to create an account, which means sharing your personal information and then will need to deposit your funds to execute trades in the market.

Doing this will leave you vulnerable to risks and it is something you don’t want. If you are constantly, worrying, you will not be able to focus on trading and this can result in losses. To avoid this scenario, you need to find a broker that provides you a secure trading environment. Crypto Lloyds is certainly the right fix in this aspect because they have implemented numerous security policies and measures for ensuring safety of funds and your information.

To keep the funds deposited with them safe, Crypto Lloyds follows the rules of account segregation where customer accounts are kept separate from the company’s own. This is a way of ensuring that the former’s funds cannot be used for the latter’s obligations. The accounts are maintained with the leading financial institutions and this also reduces chances of theft. Even if the broker goes bankrupt, traders will be refunded, so they will not lose their investment in any way.

As far as security of information is concerned, you will discover that advanced SSL (Secure Socket Layer) encryption has been used by Crypto Lloyds for encrypting all website traffic and the data they accumulate. This means that all sensitive and confidential data that you share with them during the course of trading is encrypted and will not end up in the wrong hands. You can also go over their Privacy Policy to find out how and what data they use and who will have access to it.

Most importantly, the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies are also applicable on the Crypto Lloyds trading platform. In accordance with these policies, anyone who signs up with the company has to provide documents as proof of ID and residence for their account to be verified. The former can be done by submitting a national ID card, a driver’s license or an international passport. As for the latter, you need to submit a utility bill, which can be water, gas or electricity, or a credit card bill or bank statement, showing your name and address.

These policies can be helpful in preventing fake accounts from being created on Crypto Lloyds trading platform, thereby keeping cybercriminals out. In addition, it is also a great way of reducing identity theft, financial fraud and money laundering.

Crypto Lloyds’s Asset Index

When you have reassured yourself about the kind of security you will be provided at Crypto Lloyds, it is time for you to look at other factors that can help you see if it will be the right fit for you or not. The first place you should start with is the asset index they have, which refers to all the trading instruments you can trade on their platform. Every broker will have different offerings and it is necessary to know what they will offer because the instruments determine what kind of returns you will make. Many platforms are known to make claims of providing their clients with top financial instruments known for high returns, but they turn out to be false when you have signed up with them.

Rather than taking them at their word, it is best to do your own research and check out the asset index in great detail. Crypto Lloyds is offering its clients the chance to trade in the top financial markets in the world and there are more than 200 instruments you can trade on their platform. When you check these claims out, you will discover that they are true indeed. They have added some of the most profitable financial instruments from the leading global financial markets, thereby allowing their clients to maximize their trading. If you are wondering what your options are, you can find out below:

• Commodities

Knowing for delivering consistent and stable returns, the commodities market comprises of soft and hard commodities that have low volatility. The former refers to agricultural products like wheat, coffee, sugar and corn, while the latter comprises of precious metals like gold, silver, copper and platinum. There are also energies like natural gas and crude oil that can be traded.

• Stock

If you are looking for a market that offers substantial returns, Crypto Lloyds provides you access to the stock market. Trading stocks of companies like Apple, Tesla, AT&T, Coca Cola, Amazon and Facebook can prove to be quite profitable in the long run.

• Indices

Another very lucrative option is the indices market, which is more for traders who look at the big picture and they can choose from indices like CAC 40, DAX 30, S&P 500, FTSE 100 and NASDAQ 100.

• Forex

Those who enjoy volatility and the risk and rewards it has to offer can try their luck in the forex market. It is the world’s largest financial market because of its daily trading volume and there are numerous currency pairs that you can trade here, which include EUR/USD, GBP/USD, AUD/CAD, USD/CAD, GBP/NZD and USD/CHF.

• Cryptocurrency

Keeping up with the trends, Crypto Lloyds has also added the in-demand and popular digital currencies to their asset index. You can trade some of the top cryptocurrencies in the market, including Bitcoin, Litecoin, Ethereum and Ripple.

Crypto Lloyds’s Sign Up Process

After studying the asset index of Crypto Lloyds, it is apparent that you will have no problems in diversifying your investment portfolio and can minimize your risks and maximize your profits. But, your assessment doesn’t end here because you also need to know if you are even eligible for opening an account with them. After all, the companies do have their own share of steps and requirements that their potential clients have to complete before they can use their services. In fact, brokerages have become notorious for having long sign up procedures that involve providing different types of documentation, signing of contract and approval of registrations.

You need to be aware of exactly what you will be required to do, so you don’t waste your time. Crypto Lloyds has opted to keep this process rather straightforward. They don’t have a contract and neither do they require you to sign any contract. There are no extensive documents or forms that have to be dealt with. Instead, if you want to register for their services. You can click the option on their website. This takes you to a short and simple form that will take less than five minutes to complete. What does the form need?

You have to provide data like your first and last name, an email and password that will later be used as your login details, a phone number and your country. Crypto Lloyds also requires you to agree with their Terms & Conditions, which are mentioned on their website clearly and can be read thoroughly. Plus, you also need to confirm that you are 18, as that’s their minimum requirement for anyone who wants to sign up with them. As long as you are not a US citizen, you will be able to complete the registration process right away.

Crypto Lloyds’s Account Types

Perhaps, one of the best things about Crypto Lloyds is that they have chosen to add a demo account to their offerings. Why is this so special? A demo account is perfect for new traders because it is a chance for them to practice their trading strategies and get acquainted with the financial markets. They will be able to use virtual money and only start trading with real money when they get the hang of it. As for experienced traders, this account is an opportunity to know what kind of features and platform they will find. They can take a test drive and see if the trading solution is what they need, or they need to look for other options.

After you have used the demo account, you can switch to the Live account option. But, before you do that, you need to take a look at the different account types that are available. Nearly all brokers in the market offer several types of accounts, particularly those that are offering their services to traders with different trading styles, capital and risk tolerance. As Crypto Lloyds is one of these companies, they have come up with four account types to accommodate their clients. The options they can check out are:

• Silver

Having a minimum deposit of $250 is the Silver account that has been created to facilitate novices and beginner traders on Crypto Lloyds. Therefore, it only provides limited trading signals, offers a 20% bonus and a free consultation with a personal account manager. Traders can also attend a single one-on-one session with a market analyst for their guidance.

• Gold

If you are classified as an intermediate trader, you should go with the Gold account option, which has a minimum deposit requirement of $10,000. This account provides traders with full trading signals and an executive account manager to help. Furthermore, they can also get 5 sessions with a market analyst and their bonus is increased to 50%.

• Platinum

Crypto Lloyds developed the Platinum account option for traders who are skilled and have some experience. So, they can afford to start with a minimum deposit of $50,000. It boasts some of the same features as the aforementioned accounts, but the sessions with the market analyst are now unlimited and the welcome bonus is also increased to 100%.

• Diamond

To cater to professional and VIP traders who are quite advanced, the Diamond account type is available and the minimum deposit needed for this account is $250,000. It provides all features offered in the rest of the account and the bonus given to traders is fixed at 125%.

Crypto Lloyds’s Trading Platform

One of the reasons that brokers are considered so important to the online trading process is because they provide you the trading platform, which is the software that connects to the financial markets and helps you execute trades. If the platform is not good enough, it can result in a poor trading experience for people. It is vital to remember that not every broker will provide you with the same platform, so you need to check out what you will be provided, in order to ensure it is capable of doing the job and will not complicate the trading process for you.

So, what needs to be done? You need to know what kind of trading platform is available before you go ahead and opt for a company. Crypto Lloyds has not developed its own platform for their clients, but has opted to provide them the best option that can be found in the market; the MT4. It is considered the king of trading platforms because the MetaTrader has been designed to make trading quick, efficient and simple for traders from all backgrounds. Whether you are a newbie trader, or someone who has skills, the platform will be able to fulfill your needs without any problems.

You will find it very appealing that Crypto Lloyds has opted to provide different versions of the MT4. They have the desktop client, which is a powerful and sophisticated trading solution that can help you enjoy lightning fast trade execution via one-click trading and enable you to enjoy the traditional trading experience. If you don’t want a downloadable platform, you can go with the MT4 WebTrader. This one is accessed through the browser by going to the broker’s website, so there is no need for download or installation.

This one also boasts a simple and intuitive user-interface, making it easy to use and is also equipped with all the right trading tools. Last, but definitely not the least, Crypto Lloyds also provides traders with mobile trading apps that are developed for both Android and iOS platforms. These can be downloaded on your mobile devices and will help you in trading on the move, regardless of where you might be. The apps are also designed to operate smoothly and have tools that can come in handy.

Some of the prominent tools that the MT4 trading platforms offer include advanced charts, trading signals, price alerts, fundamental and technical analysis tools, different order types and other risk management tools, economic calendar, as well as the latest market news. With the help of these tools, traders will be able to make the most of their trading on Crypto Lloyds.

Other than these details, you will also be pleased to find out that there are various investment accounts that are provided by Crypto Lloyds. The purpose of these is to facilitate people who want to earn via interest on their deposits. Moreover, the platform has also ensured that its clients will find plenty of support and assistance. This can be of the utmost importance, especially where trading is concerned, because you don’t want to be stuck with a problem and be unable to trade. With 24/6 customer support available via email, live chat and phone, you don’t need to worry.

As far as trading conditions are concerned, Crypto Lloyds is transparent and fair, so you don’t have to worry about any surprises and they can be the right fit for any trader looking for a seamless trading experience.