You hear it from a lot of online reviewers that there are some great platforms for new traders. At the same time, many of these companies are offering amazing bonuses and welcome offers to their new signups. But what about traders who have been doing it for years? Isn’t there a platform where they can feel comfortable? Of course, there is and I am going to tell you about it in this Bay Exchange review.
My Bay Exchange review is focused on features that I believe are great for traders who have been doing it for many years. I believe this platform will welcome you and offer you a great trading experience that helps you trade the way you prefer. Let’s see how.
Table of Contents
Advanced Accounts with Advanced Features
First of all, are you getting an account type that suits your needs? Are you going to stick to basic trading features just because your broker doesn’t have anything special to offer? Let me assure you that you will not have to face that when you decide to sign up with Bay Exchange. This company has compiled its trading accounts with new and experienced traders in mind. Yes, it does offer some great features for basic traders, but its advanced features are just as great. You will deposit a bigger amount to sign up with the advanced trading accounts but the features you get are tweaked to your needs.
For example, you can get advanced education from expert traders through one-on-one training sessions. In addition to that, you have some risk-free trades that you can enjoy with the advanced trading account. You will also get to enjoy more reliable and frequent trading signals that you can use for predicting your trades and their outcomes.
Trading Conditions for Professionals
One of the things that new traders struggle with is getting big leverages on their trades. They want big leverages but the problem is that they are not fully aware of the downsides of doing that. Let me tell you that you can end up with a huge loss if your trading outcome goes against your predictions and you have used big leverage on it. Leverages are more suitable to experienced traders who know how to use them and I think you will get plenty of leverage on this platform. The leverages are huge for experienced traders—more than what you will get if you go with the basic trading account.
In addition to leverages, you will also enjoy some of the tightest spreads that will help you focus on trading rather than worrying about how much profit you are losing. These spreads continue to get tighter as you progress from basic trading accounts to professional accounts. Last but not least, I do want to mention here that there are no commissions for you to pay whether you are depositing funds in your account or withdrawing the profits you have made on your trades.
Loyalty Points for Active Traders
The loyalty program from the company is definitely a great way to reward those who have been with it for many years and are still actively trading. When you trade actively, you will receive loyalty points with Bay Exchange. The company has designed these loyalty points in such a way that you will receive them every time you trade. You just have to meet a few basic requirements to enjoy the perks of this loyalty program, such as trading actively. Once you have met the requirements, you can use loyalty points to trade more and enjoy withdrawing them from your account for your use.
Throughout the review, my intention has been to show that Bay Exchange is a great broker for experienced traders. However, I don’t want you to take the impression that this platform is not suitable for new traders. It caters to the needs of new traders just as much as it caters to the needs of professionals traders.