If you have been thinking about becoming a trader, you are aware that you need a broker to get started. There was a time when looking for a broker was easier said than done. You had to venture out in the market and actually find one who could help you with your trading. These days, the process has become immensely simple because you just need access to the internet. You can now find brokers online, but you have to be just as cautious in choosing one as before. Why? This is due to the fact that you would be trusting your brokers with your hard-earned money and that’s not something to be taken lightly.
While there is no shortage of options, there is no better one than Kodimax if you are looking for a feature-rich and fully empowered broker for your trading needs. The brokerage may not have been around for long as it was established in April, 2017, but it has rapidly gained attention for its offerings. Operated by the Bulgarian firm, BT Ventures Ltd., Kodimax has its offices in Bulgaria and contact addresses are also provided for Tallin, Estonia. The broker has localized their website in both English and Spanish to cater to traders from different backgrounds.
Kodimax specializes in CFDs (Contract for Difference), which means that when traders sign up on the brokerage, they will not actually be investing in the physical asset. Instead, they will only invest in CFDs i.e. they will be able to trade them based on the differences in price movements of various assets. A decent range of trading products is made available to traders on Kodimax to enable them to diversify their portfolio if they wish. This is a good thing because not everyone wants to put all their money in one basket.
You can choose to make investments in the foreign exchange market via Kodimax and it provides you access to some popular currency pairs. You can also buy and sell some exotic and volatile pairs if you want, but they are not recommended to new traders because of the risk element. Apart from forex pairs, you can also trade CFDs for other tradeable assets including indices, commodities, stocks and options. They have also expanded into cryptocurrencies since they shot to popularity. You can trade CFDs of some notable cryptocurrencies including Bitcoin, Litecoin, Ripple and Ethereum.
Suffice it to say, there are more than 1,000 tradeable assets that Kodimax has to offer to its traders, which means there is something for everyone. In addition, they also offer you the tightest spreads in the market, which has made the broker extremely competitive. Traders have to be smart and use the constant movements in the price of their chosen assets to make profits. In order to help them in doing so, Kodimax has introduced their own web-based platform. The team behind Kodimax comprises of individuals who have considerable experience in the markets.
They have accumulated their skills and experience to develop this web-based trading platform, which has been named TraderSoft. Since it is web-based, it means that users can make use of it for conducting trades in real-time without having to download or install anything on their device. However, if traders don’t want to use the web-based platform, Kodimax has also provided them with access to the ever-popular MetaTrader4. It is used by most brokers in the market and traders might be more comfortable with this option. Another aspect where Kodimax has kept up is the mobile platform. It has designed apps for both Android and iOS smartphone so traders can simply download them on their smartphone and get started with their trading.
The good news is that the tools that traders can access via the web-based application can also be used on mobile. The latter just provides traders with a more comprehensive version that can be used for making trades while they are on the move. Like every other good broker, Kodimax has got the right charting tools and graph indicators that can be extremely beneficial during the trading process. The brokerage offers you the option of using a ton of tools that can make a difference between successful and unsuccessful trades.
You can make use of an economic calendar for keeping track of important events that might impact the price of your assets. Similarly, Kodimax keeps its clientele updated with the latest financial news that can make a difference in their decision to buy or sell. Some other valuable tools that the brokerage has to offer include chart analysis, daily market summaries, asset index, live market summary, weekly and monthly market summary and daily trading video amongst others. You get access to a fully loaded and intuitive platform that’s quite user-friendly and allows you to use cutting edge technology to make good decisions.
The interface can be customized to suit the unique and individual needs of every trader and they can decide what tools and graphs to include and which ones to avoid. You can access them to desktop, mobile as well as tablet devices if you wish. For accessing Kodimax and its various resources, you have to first create an account on the brokerage. There are several account options you will come across. The minimum deposit amount that you need to get started on Kodimax is $250, which is quite affordable for even the most amateur of traders. This is not offered by many brokers around.
Nonetheless, it is not just beginners who will come across options for their needs. Even professionals have plenty of choice when it comes to Kodimax. The Platinum account requires a minimum deposit of $25,000 and this is strictly for professional traders. Again, this is an advantage because competitors have higher requirements and this lower one has made Kodimax a popular choice amongst traders. In fact, more and more traders in Latin America and elsewhere are using the brokerage’s service for paving their way in the trading world.
One thing that traders need to know is that the availability of features varies for every account. A bonus is available to users of Kodimax, but the amount offered also depends on the account type you select. The bonus starts at 10 percent and can go as high as 60 percent and there are certain rules and regulations that have to be followed like maintaining a specific volume of transactions every month. Kodimax also has a partnership program ongoing, which is essentially a referral program.
Referring your friends, family or other people in your circle to Kodimax will help you in earning a reward. Speaking of rewards, how can you make or receive payments on Kodimax? The brokerage has made its aim to appeal to as many traders as possible due to which it has ensured that a diversified range of payment methods are available. Some of the methods are offered by other brokers as well such as bank wire transfers. Payments can also be made via debit or credit cards if you are looking for a faster way of deposit or withdrawal, which include Visa and MasterCard.
Apart from these standard methods, Kodimax has also incorporated popular e-payment options that include Neteller, Sofort, Giropay and you can also use Paysafecard if you want. One thing traders should know is that there is a minimum amount that can be withdrawn via Kodimax and it is $100. Another thing to bear in mind is that there is a withdrawal fee of anywhere between 3 and 5 percent applicable on every withdrawal, depending on what method you choose to use. If you leave your account on Kodimax inactive for more than a year, you will be charged with $30 per month as maintenance fees. Hence, it is best for traders to keep their accounts active to avoid having to pay this hefty sum.
Kodimax is aware that the trading market is a volatile one and not everyone has the experience and skill necessary for navigating it. Therefore, the brokerage has ensured that all traders feel on even ground when they get started with their trading. This is one of the top reasons why they have established a complete education center on their website. Detailed videos and e-books are provided that go over every aspect associated with trading. The purpose is to help novices in learning the basics necessary to help them in navigating the ups and downs in the market.
They also cover skills and strategies that can be of use to skilled and expert traders who are looking for a new angle in order to get ahead in the market. Everyone needs new strategies in order to keep up with the market and the education center has the resources to help others in learning same for keeping up and succeeding as a trader. Not only does Kodimax cater to this need, it has also provided people with the best security they can enjoy when making their trades.
Kodimax has the top security standards because it is fully aware how concerned traders are about the security of their private and confidential information. The brokerage knows that hackers are around to threaten the security of every platform due to which they have placed 100% SSL encryption. This is the highest standard of encryption available and ensures that even if someone does gain access to the information, they will not be able to make any sense out of it. Hence, no information is compromised. Furthermore, Kodimax has also implemented the popular and trusted Know your Customer (KYC) and Anti-Money Laundering (AML) policies, which are designed to maximize security.
These policies verify the identity of customers and ensure that no funds are laundered through the brokerage. As far as fund security is concerned, Kodimax keeps customers’ funds segregated from that of the brokerage. This means that even in the case of bankruptcy, customers will still get their money and in no circumstances will their money be used by the brokerage for their own needs. This can provide traders with considerable peace of mind because they know their investment is not at risk. The next important element that traders have to consider is the customer service of the broker and this is also where Kodimax excels.
One of the most prominent elements of Kodimax’s customer service department is that it has a local as well as global presence. This means that it is available in several languages for the convenience of the traders and they have separate phone numbers provided for almost eight countries. You can get in touch with customer service representatives of Kodimax from Mexico, Argentina, Chile, El Salvador, Panama, Colombia, Peru and the United Kingdom. Email addresses are provided on the brokerage’s website for getting in touch with them.
There are individual addresses provided for different kinds of assistance such as general customer support or support for financial issues. A live chat option is also provided to get in touch and this comes with a call back option. The best thing about Kodimax is that they have hired professionals who are available 24/6 to solve any problems that traders might have when using its services. They are able to offer guidance and advice so traders can enjoy a smooth trading process. Moreover, there is also a complete FAQ section on the website where you can find answers to all possible questions and eliminate the need to get in touch with customer service entirely.
On Kodimax, traders can also get access to a glossary that explains important terms that might be useful to traders in the long run. There are exclusive webinars conducted by experts that are just as useful for traders and can help in providing a hassle-free experience to traders, no matter their skill level and background. Kodimax is laden with all features and tools that can add value to the trading process and eliminate any major risks. The platform is secure and customer service is also prompt, which makes it a reliable and good solution for everyone.