Finding a Forex broker has never been so easy. But frankly speaking, there are not too many brokerages offering something beyond the standard scope of services. The subject of our review, Insider Mark can hardly be called the best broker for low-cost trading, but it offers a number of other interesting options and services.
First and foremost, Forex broker Insider Mark is not a brokerage fit for each and every client. It doesn’t promise to bring you to prosperity with the initial deposit of $50, and even $100 would not be enough. The minimal deposit is $500, and even for this amount you won’t get too many options. This narrows Forex broker Insider Mark’s target audience, but the company doesn’t seem to be focused on the quantity of customers. At least this is our impression. It seems that the brokerage is rather bets on the level of services, and that is has something to propose in this regard.
First thing to mention regarding the scope of Forex broker Insider Mark services is the availability of various asset classes. Beside currency pairs, which is quite usual and expected, it offers trading with commodities, shares, indices and crypto. The precious metals are separated in a single category for some reason, but obviously they are commodities, too.
Forex purists may curl their lips, of course. But reviews about Insider Mark on the web show that most of the clients appreciate these alternatives. In fact, these all are great things to diversify the trading portfolio. Even if they are traded through CFDs – there are not too many ways to combine the assets of various classes traded on different markets within one portfolio actually.
And this is not the only alternative Forex broker Insider Mark offers. There is also such option as 3 types of managed accounts. If you haven’t met this option before, it works quite simply - a managed account means an investment account that is owned by an investor but managed by somebody else. In our case, this somebody else is most likely Forex broker Insider Mark account manager who runs your account on your behalf.
Most of the traders like trading as the process and enjoy the feeling of making decisions (actually, we like it, too). But there are also other type of investors, who may be too busy for regular trading and activities related to it, or are not fond of trading as it is. And because of these or some other reasons they are ready to trust their money to specialists and are ready to pay some fee for that.
This approach can’t be called typical for an average Forex broker, most of the companies are rather focused on traders who like trading themselves. But it you browse the reviews about Insider Mark in the Internet, you would hardly find any critical opinions regarding their managed accounts. There are different clients with different needs, that is quite natural thing on most of the markets, so why Forex should be an exclusion?
And there is one more alternative, which doesn’t need the additional explanations and is appreciated much by great majority of the clients. Yes, we mean choice of payment methods supported by Forex broker Insider Mark. This thing is quite simple – the more option we have, the more comfortable we feel. Insider Mark supports most of the traditional payment methods the other traders support, but it also allows deposits and withdrawals in cryptocurrencies. Crypto is still quite a controversial thing to use, there are different opinions regarding it in general, but even its haters would hardly call crypto transactions slow.
So what would be our take summarizing Forex broker Insider Mark review as of 2023? The first and the most obvious conclusion it is good for traders with significant capital no matter what their experience is. Insider Mark can be good for beginners, of course, or even for people who have just general understanding of market mechanisms and are not planning to get deeper into trading as it is (remember the managed account option?). The company really offers many options for various types of clients.
This approach is still quite rare, as we have already noticed. But the fact it exists is a good sign in terms of Forex market development. All in all, not everyone of us is an experienced broker or is planning to become one. And speaking about various asset classes, trading is not limited by Forex, even despite the fact that it is the market with the deepest liquidity.
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