CVMarkets Review – Best Trading Platform For New Traders 2021
My goal for this review is to give you everything you need to know about my preferred trading platform CVMarkets. The reason that I am writing about my personal experience with this broker is that I know how difficult and terrifying it can be when you start trading for the first time. Obviously, when I started my research into finding the best broker online, I did not know much. But with the help of online reviews and advice from my friends and family, I got to find a really compatible forex trading platform.
I will list down everything that you need to look for in a platform to make sure it is suitable for you, has less fee, more account types, tight security, advanced tools, easy-to-understand layout, and responsible customer services. CVMarkets was one platform where I found all the features that I have mentioned. With my review, you will be able to learn more about the trading platform and what CVMarkets brings to the table. Let’s start with the trading platform itself and the layout.
Trading Platform Layout
Trading platform layout is of importance because I certainly don’t want to be lost while looking for the education center or the chart. I wanted the layout to be more engaging, easy to follow with fewer incorporated pages. CVMarkets does a great job in making sure that in only a few pages everything is available at the forefront for all the users and members. If we are talking about perfection, I think the platform could have gone for a light tone theme to make the site more vibrant.
It is my personal preference and good things have nothing to do with the services. The live chat option is integrated into all the pages at the bottom right corner of the page. Now one more I would point out is that CVMarkets only provides English dialect on their platform. So, I did find it troublesome when I wanted my international friends to be a member on this site. Hopefully, the broker can incorporate German, French, and more languages and make it more user-friendly.
I have searched enough platforms and was kind of irritated to find that some did not offer an array of account types. CVMarkets to me felt like a safe bet because there are 6 account types! The diverse account types with the different fee structures are presented so as many traders with their varied experience can find the one account which complements their skills.
Self-Manage, € 250+ Min. Balance
This account type has the least features of all. It offers only Market Review and Improved Leverage up to 100. For traders who are extremely unsure about their decision to settle on this platform or traders who have no experience in trading whatsoever can benefit from this account. They can find out everything there is to know about CVMarkets by getting this account. My suggestion would be to pick an account type that offers an account manager and more education material, so new traders or even experienced ones can take in more benefits.
Basic, €5000+ Min. Balance
I found the Basic account type to be more reasonable as it offers a dedicated account manager, basic spreads, leverage up to 200, tier 3 trade room, trading bonus, Special venture, and market review. This to me seems a far better option to get started with.
Gold, €10,000+ Min. Balance
The Gold account offers the same leverage but with Gold spreads, tier 2 trade room, financial planning, risk management planning, private analyst sessions, and priority withdrawal. I actually started my membership on CVMarkets with this account type. I was looking for private sessions with the analyst to learn more about my trading strategies and have a one-on-one conversation with the analyst to get more predicted profits. sometimes my account manager was busy because he had too many clients, but he tried to make sure that my sessions with him were always full of insight and valuable discussion.
Platinum, €25,000+ Min. Balance
The Platinum account offers platinum spreads, leverage up to 300, complete access to trade rooms, and an invitation to VIP events. The best thing about this account is that the minimum deposit is still very low in fees. I have encountered so many platforms that ask for a higher fee. So, even if you want to get a higher account with CVMarkets you will not have to worry about the fee being too high.
Diamond, €50,000+ Min. Balance
The Diamond account is my favorite so far. I changed my account type last month because I was looking for more features and a Bitcoin package for the trade room. Diamond accounts offer leverage up to, diamond spreads, and trade room: Bitcoin package. I am so happy that I decided to upgrade my account type.
Now I get full attention from my account manager while I take full advantage of the VIP events. You can of course start your membership with this account type right off the bat to get all the advantages of trading with CVMarkets. I never found anything difficult to deal with in this account. I was happy to know that my account manager and private analyst sessions were always so friendly and on time as I needed them to be.
Libra, Invitation Only
Payment methods are very important. You want to make sure that your preferred alternative is present on the platform and that you don’t face any problem with deposit and withdrawal. While I would have preferred for the platform to incorporate PayPal in their list of payment methods but still, they have a very friendly variety of it. Now for any sort of transaction, I use Bank wire which is very efficient. Following are the payment methods that will find on CVMarkets;
4. Bank Wire
I have tried all their payment methods except for VLoad but the rest of the options were always great. I never had any trouble as all my deposits and withdrawal were on time and the platform makes sure that the clients are aware of how much time their transactions would take. Thankfully, it does not take very long.
The platform operates with the following security protocols;
1. Terms and Conditions
3. Bonus Policy
4. Anti-Money Laundering Policy (AML)
5. Know Your Customer (KYC)
6. Withdrawal, Refund & Cancellation Policy
Without customer services as a new trader, it would be very hard to get around the platform. So, I made sure to check this portion out as well. I knew right off the start that I would need some guidance every now and then when I first started trading. I cannot stress enough how much it is important to have actual, real representatives for live chat. You can never get a reasonable response from a bot. I was grateful to find out that CVMarkets has some educated representatives on the other end for customers around the world. So, you can contact their customer service by phone call, United Kingdom +443300272309, and Australia +61894688512.
I know it’s a little sad that they don’t have phone numbers for other countries but to counter that the platform has offered Live Chat and Email services where anyone can contact them! Their email is email@example.com and the chat email is firstname.lastname@example.org. While the live chat remains open 24/7. I mainly prefer live chat as it is very easy. I mean, as I have mentioned above that the live option is integrated on every page, so it is to get a handle on.
I think I have mentioned the majority of the features that you will need to look out for. I have been a member of this platform for two years now and still, I am in awe of all their services. Not many platforms are able to provide the quality of services that CVMarkets has managed so far. I plan to remain a loyal member of this broker.
I hope that they can add more phone numbers for other countries and PayPal payment methods. I would also like to comment on their education center which is perfect for a new trader to learn everything about their trading venture. But the broker can certainly add in more eBooks for the advanced traders. As a new trade on the platform, I learned a lot from the eBooks and Glossary to stay on top of my game. The platform certainly does a good job in making sure that the new traders are always taken care of.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.