What Is Onotex?

Onotex specializes in CFDs (Contract for Difference), which means that when traders sign up with the brokerage platform, they will not invest in the physical asset. On the other hand, they will only invest in CFDs; that is, they will be able to trade them based on the differences in the price movements of the various assets. A wide range of trading products is made available to traders at Onotex to allow them to diversify their portfolio if they wish. This is good because not everyone wants to put all their money in one basket.

You can choose to invest in the foreign exchange market through Onotex. The company gives you access to some popular currency pairs. You can also buy and sell some exotic and volatile pairs if you wish, but they are not recommended for new traders due to the risk element. In addition to currency pairs, you can also trade CFDs for other tradable assets, including indices, commodities, shares, and options. They have also expanded into cryptocurrencies since they skyrocketed in popularity. You can trade CFDs on some notable cryptocurrencies like Bitcoin, Litecoin, Ripple, and Ethereum.

Platform and tools

The team behind Onotex is made up of people who have considerable experience in the markets.

They have accumulated their skills and experience to develop this web-based trading platform. Since it is web-based, it means that users can use it to transact in real-time without having to download or install anything on their device. However, if traders do not wish to use the web-based platform, Onotex has also provided them with access to the popular MetaTrader4. It is used by most of the brokers in the market and traders may feel more comfortable with this option. Another aspect where Onotex has maintained is the mobile platform. It has designed apps for both Android and iOS smartphones so traders can simply download them to their smartphones and start trading.

The good news is that the tools merchants can access through the web-based app can also be used on mobile devices. The latter only provides traders with a more complete version that can be used to transact on the go. Just like any other good broker, Onotex has the right charting tools and chart indicators which can be extremely beneficial during the trading process. The brokerage offers you the option to use a ton of tools that can make the difference between successful and unsuccessful trades.

You can make use of an economic calendar to keep track of important events that could affect the price of your assets. Similarly, Onotex keeps its clientele up to date with the latest financial news that can make a difference in your 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 summaries, and daily trading videos, among others. You get access to a fully loaded and intuitive platform that is quite easy to use and allows you to use state-of-the-art technology to make good decisions.

Learning Resources

Onotex is aware that the trading market is volatile and not everyone has the experience and ability to navigate it. Therefore, the brokerage has ensured that all traders sit on solid ground when they start trading. This is one of the main reasons why they have established a complete education center on their website. Detailed videos and e-books are provided covering all aspects of trading. The purpose is to help beginners learn the basics necessary to help them navigate the ups and downs in the market.

Security

Onotex has a strong security system with 100% SSL encryption in place. In addition, Onotex 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 clients and ensure that no funds are laundered through the intermediary. When it comes to the security of funds, Onotex keeps client funds separate from those of the brokerage. This means that even in the event of bankruptcy, clients will still get their money, and in no case will the brokerage use their money for its own needs. This can provide traders with considerable peace of mind knowing that their investment is not at risk.

Customer service

The next important element that traders need to consider is the broker’s customer service and this is also where Onotex excels.

One of the most outstanding elements of Onotex’s customer service department is that it has a local and global presence and is available 24/7. This means that it is available in multiple languages ​​for the convenience of merchants and they have separate phone numbers for different countries and email addresses are provided on the brokerage website for users to contact.

Conclusion

At Onotex, traders can also gain access to a glossary that explains important terms that might be useful to long-term traders. There are exclusive webinars conducted by experts that are just as useful for traders and can help provide a hassle-free experience for traders, no matter their skill level and background. Onotex is loaded with all the features and tools that can add value to the trading process and remove any major risk. The platform is secure, and the customer service is also fast, making it a reliable and good solution for everyone.