Stiff trading conditions, frequent service charges, and huge commissions are some of the reasons so many traders stay away from certain online platforms.
While these things are necessary for an online platform to run its business, they have to find the perfect balance to keep traders interested. In my research of many months, I think there are a very few platforms that strike that perfect balance. I am going to tell you about one in this PrimeOakmont review.
The first thing you have to know here is that it is not going to be a chain of praises and accolades. This company has its pros and cons, but I will focus on the features that I think favor the traders for the most part. It is up to you to decide to sign up or not sign up with it afterward.
PrimeOakmont trading platform for All Trading Needs
Let’s talk about this trading platform first. When you sign up with an online broker, you have to be on a trading platform. This platform is the one that the broker is your connection with your broker. How this platform performs, what features it offers you, and the conveniences it furnishes decide whether you are going to have a great experience or not.
Let me tell you that the PrimeOakmont trading platform from the company is one of the best when it comes to portability and compatibility, which are the two big requirements modern traders have with their brokers.
Portability means that you can use this platform anywhere in the world and on any device that is available to you. Whether you use a Windows computer, an iPhone, or an Android phone, the trading platform will run on any of these devices without any issues.
Furthermore, it is compatible with all major operating systems, such as Windows, MAC, Android, and iOS. Last but not least, let me tell you that you have all the trading tools integrated onto this platform, which means you will never have to use any third-party tools to evaluate your trades, analyze your profits, and calculate your risks.
Plenty of Trading Tools
All the trading tools that you would want to be available to you are already there on this platform. The company has made sure that you get access to the most basic as well as the most advanced trading tools without paying anything extra on whatever you have already deposited in your trading account.
Firstly, you have the many converters that help you convert various assets into other assets. For example, you can convert USD into BTC using the currency converter. In addition to that, you have price alerts that come to your email or SMS as soon as some important event takes place that can affect your trades.
In addition to that, you have many other analytical tools that can help you analyze your trades and calculate your potential risks and profits. Some of the basic and simplest tools are probably the best tools that traders can take advantage of when they sign up with PrimeOakmont.
One of those tools is the news feeds that you receive in your platform. You get market reviews that tell you how well or poorly the markets are performing and what actions you should take. Last but not least, you also get access to some free trading signals.
Minimum Costs and Commissions
Let me tell you something from my personal experience. The biggest favor that you can get from an online trading brokerage is the reduction and minimization of commissions and fees.
Do you know that you have to pay commissions and fees on every trade that you complete? Do you also know that when you deposit funds in your account or when you withdraw them, you have to pay a commission at that point as well? To make matters worse, you have to pay a commission as well as a spread on your assets when you sign up with certain trading platforms.
However, I can tell you that you can avoid most of these annoying fees and commissions when you sign up with PrimeOakmont. The company has given you an asset index on which you can pick any asset and trade it with just a spread to worry about. The spread on the asset tells you how much you will be paying to the broker.
Furthermore, there are not commissions for you to pay when you make your first deposits and withdrawals. Are there any commissions on subsequent withdrawals and deposits? I would say you speak with the company representatives to know that.
Leverages, Spreads, Accounts, and Minimum Deposits
Let me talk about quite a few things under this particular heading. I want to cover as much as possible about PrimeOakmont and let you know how this company stands out from the rest by offering you exactly what you need.
So, firstly, you have leverages on your trades that start small and get big as you go from one basic account to advanced trading accounts. You should also be happy to know that the spreads are quite tight regardless of the asset you pick from any financial market. The trading accounts offer you ample choice to pick one that suits your needs.
You have the first account as the basic trading account. The second account is for those who are beyond the basic level. After that, you have the third and the fourth accounts. Each account has a minimum initial deposit requirement that you have to fulfill. Even the minimum deposits are quite small for the basic accounts so you can get some relief from there too.
You can see why I said that PrimeOakmont favors the traders in many ways. It offers you a variety of assets for trading, great leverages, tight spreads, and a platform that you can easily use anywhere and on any device you want. If you are just starting out, you should consider going with the first trading account. You can always progress from there to become a professional trader.