TradeFred Broker Summary
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The Best Place to Buy and Trade Bitcoins and Other Cryptocurrencies in Australia. We recommend “TradeFred” Our TOP rated and Favorite ASIC Licensed and Regulated Australian Bitcoin Broker.
While a lot of online brokers make a lot of claims about their security, there are a few things that you must confirm as a trader before you sign up with one. For example, if you come from Australia, you have to look for a broker that gets regulated by an authority recognized in Australia. Keep in mind that you won’t be able to do much if a broker deceives you in some way and is not regulated by an authority in your country. When it comes to Australian traders looking for brokers with Australian regulation, one of the most renowned names is TradeFred. Despite being a new broker, TradeFred has made some great improvements in its security for Australian traders and those from other countries.
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TradeFred and ASIC Regulation
ASIC is short for Australian Securities and Investments Commission. When you want to start a trading account with an online broker, ASIC regulation is what you want to look for. The information about regulation is not hard to find. In most cases, you will find a dedicated page on the broker’s website that will tell you what type of regulations the broker gets. TradeFred is one of the safest online brokers for Australian traders because of its ASIC regulation. You can open an account with TradeFred and trade with the peace of mind that a regulatory authority is there to take care of your rights.
On the other hand, you are at a disadvantage when you sign up with a broker with no regulation in Australia. Even if something wrong happens to your funds and money, you won’t be able to do much. ASIC regulation also shows that TradeFred cares about its traders and their security.
TradeFred and Financial Markets
One of the most important things when you sign up with a broker is the number of markets you have access to. The best brokers will give you access to a variety of financial markets because you are going to benefit from them. That’s where you will love TradeFred because of how many markets you will be able to trade in when you have signed up with this broker. You can trade some of the most stable and also the most volatile currencies of the world. You have access to energies, precious metals, indices, stocks, and various other assets once you are on the trading platform from TradeFred.
The most amazing thing has just happened recently after the inclusion of the cryptocurrency market to the platform. Now, you will not be left behind from being a part of the most quickly growing market of the world. If you want to trade cryptocurrencies, you don’t have to look any further because you can do so on TradeFred trading platform. It is amazing that traders now have access to some of the most lucrative financial markets of the world from the same platform and with the peace of mind that their broker is regulated by ASIC. Take any position you like and pick multiple currencies against Bitcoin when you are trading with TradeFred.
Issues You Can Have When You Trade Unsafely
You are recommended to pick TradeFred as your broker if you are from Australia. ASIC regulation is more important than you might realize. Keep in mind that traders who did not pay attention to safety paid the price in the worst ways possible. For example, some traders signed up with brokers that did not have separate accounts for their traders. The money deposited by the traders went into the account where the company had its own funds. The mixture of funds resulted in many issues. At the end of the day, it was the traders who saw their funds disappearing from their accounts. Only a regulatory authority can ensure that the broker pays attention to these details and policies.
In addition to that, you also want to make sure that you are on a platform where only the legal entities are trading. It is not wrong to say that a broker that lets its platform being used by illegal entities is doing disservice to its legal traders. What you might not know is that there are brokers who only care about their own money. They would not stop anyone from joining their trading platform even when they know the person signing up on the website is a money launderer. You have TradeFred, on the other hand, a broker that pays special attention to these policies. This broker has strict KYC policies that ensure that any person who joins the platform is recognized and identified before he/she uses the platform for trading.
There are some other security issues that you have to pay attention to. For example, you have to be sure that the information you are giving to your broker is safe. A broker can expose your information to unauthorized entities if proper attention is not paid. The first thing you want to look at is encryption. You have to ask your broker if it encrypts your information as soon as you provide it. In fact, most of the brokers provide this information right on the website so you won’t even have to contact customer support to confirm. With TradeFred, you can trade rest assured that your information is encrypted and kept safe from any unauthorized parties that might be snooping around to damage your identity and get a hold of your money.
Of course, regulation is great for brokers as well as traders. However, there is nothing that can compete with regulation that is being done in the country where you live. If you are from Australia and the broker you want to sign up with get regulated by ASIC, you can’t get a better deal than that. Not only can you trade with the peace of mind that your funds are in safe hands, but you can also be sure that the broker will be transparent about all the policies and let you have all the opportunities to make money off your trades.