Month: July 2020

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One of the quickest growing brokers online in Europe is Degiro for retail investors. When you check out degiro review, you’d see that they have a transparent pricing structure and is leading in the market in terms of commissions and fees. They are oparting at a global scale and typically provide execution direct to market instead of via a local subsidiary. Moreover, the company also offers markets in bonds, stocks, futures, options, warrants and CFDs.

Degiro has gathered various awards and recognition in different nations. In Netherlands, for instance, they were merited first place in a survey conducted in 2015 as the Financieel Dagblad’s cheapest broker. Also in 2015, they also won the Golden Bull Award wherein Dutch brokers are evaluated in diverse categories, like trading opportunities, terms and conditions, commission fees, as well as investment tools.

Who Are Retail Brokers?

In the realm of investments, a broker is a company or someone who serves as an intermediary, a middleman, between the buyer and the security seller. Usually, brokers are obligated to be registered at the Securities and Exchange Commission (SEC) as well as with an organization that is self-regulatory like the Industry Regulatory Authority. Brokers principally working with institutional investors are called institutional brokers, whereas brokers serving individual investors are referred to as retail brokers.

What Do Retail Brokers do?

Licensed sales agents working for a retail brokerage companies who are certified to sell securities are usually called “registered representatives.” They may be trained to be able to impart investment advices to clients on particular kinds of securities as well as sell securities to make commissions for their company.

Retail brokers, because of regulator restraints, purely act as an intermediary. Hence, they don’t take any position or risks in the financial markets. However, they work at the core of the market and function to be in frequent contact with top players in major financial centers, such as insurance companies, banks, huge private companies and more, which allows to obtain unique, exclusive, and thorough knowledge and awareness of financial markets. Hence, they are able to confirm market liquidity, respond quickly to the needs of their clients with professionalism and confidentiality.

Who are Cryptocurrency Brokers?

With the advent, rise and use of cryptocurrency in various places across the world, people now also invest on it, and there are brokers who deal with these digital currencies. A broker, traditionally, is an individual or a firm that serves as a financial intermediary for people who would want to exchange fiat money for a certain service or product.

Somewhat similar to a traditional broker, a cryptocurrency broker offers financial services online for users or individuals who would like to buy or sell certain cryptocurrencies. It is recommended that people who are new to buying and selling cryptocurrencies or who are new to the cryptocurrency market hire the service of a cryptocurrency broker as they could present you with the most fitting environment to buy or sell the most appropriate cryptocurrency in the market.

If you need money, you can use långuiden or, if you have spare of Bitcoin, you can opt to cash it out. The thing is, cashing out your Bitcoin or any other cryptocurrency isn’t a straightforward process as when you are trying to buy them. If you are firm with your decision of selling your Bitcoins online, then you may either chose to do direct trading, do a P2P transaction or do it through an exchange. For the purpose of this article, we will be focusing on the latter part.

Is it Good to do Exchange to get Money for Your Bitcoins?

While there are negative connotations among people for exchange, it is actually a one-stop solution with regards to trading Bitcoins. In such case when selling cryptocurrency, exchange acts as the middleperson that’s holding the funds of both the buyer and seller.

For this one, you have to setup an account with your preferred exchange. The majority of leading and trustworthy exchanges are requiring identification as well as a connected bank account. This way, you’ll have the means of withdrawing your funds. Then once done, you simply need to place a “sell offer” which states the currency you want to trade, asking price per unit and also, its amount. The exchange will be completed automatically as soon as someone matched your offer.

Once the funds are successfully credited to your account, the next thing that you have to do is withdraw them to the bank account you linked during the setup process. Sometimes, this may take a lot of time, particularly if the exchange is having some issues with its banks or perhaps, when facing problems with liquidity. In addition to that, there are banks that simply refuse outright in processing the transaction with funds acquired through crypto trading.

How much the Fee for Carrying out an Exchange Transaction?

Additionally, it is important to consider the fee you have to pay to use the exchange’s platform. To give you an example, there are exchange platforms that have a flat fee rate of 50 dollars for every withdrawal through bank transfer. The fees of withdrawal may drastically vary which depends on the exchange.

Lastly, it is necessary to take into account that despite having wallet services, these exchanges are not entirely reliable and secure in storing your funds. Some may be vulnerable to hacks and there have been times to which an exchange shut down and run away with the funds of the users. So you have to be extra careful in choosing the exchange platform.

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