Unless you have been living under a rock for the last decade, you have probably heard of cryptocurrencies. Bitcoin was the first cryptocurrency that was launched by Satoshi Nakamoto in 2009. This decentralized currency was aimed at bringing a revolution in the financial industry and it has accomplished this goal quite well. Even though regulation still remains a problem for this virtual currency, its adoption across industries is becoming a common occurrence. The interest and demand in this market have intensified in the last few years in particular because of the profit potential of these digital currencies.
This was made evident in December 2017 when the cryptocurrency market saw Bitcoin’s price shoot up and hit a massive $20,000. Investors were able to enjoy 1000x returns that no other investment vehicle had been able to provide. Since then, everyone has been clamoring to invest in Bitcoin and others of its ilk in order to boost their investment portfolio. Cryptocurrency trading has been on the rise and the market doesn’t run short on opportunities because more than 5,000 cryptocurrencies can now be found. Also, for keeping up with this increasing interest and demand for crypto, a number of brokers have been established.
Brokers that had been offering traditional financial instruments have also added cryptocurrencies to their asset index and you can choose them for your trading needs. But, the problem with these brokerages is that they will only give you limited options, features and tools for trading crypto. It is important to remember that cryptocurrencies are not like the other financial instruments in the market. They are highly volatile and require some advanced tools and features to help traders. Not to mention the fact that the market is still evolving and changing rapidly, which means constant updates are required.
Therefore, it is better for traders to look for brokers committed to facilitating cryptocurrency trading. As mentioned earlier, there are brokers that have been established for the sole purpose of offering cryptocurrencies to interested traders and your focus should be on finding one that can accommodate you easily. You will find a number of options when you start looking and each crypto broker claims to be better than the others. It is immensely easy for traders to get confused and so they end up choosing any broker that seems reasonable to them. But, you need to bear in mind that the crypto market also has scam brokers.
These are basically scammers who only exploit people in some way and you need to stay away from them at all costs. Otherwise, your personal information and your money will be at risk. Your aim should be to find a legitimate broker that can offer you crypto-focused services, thereby allowing you to trade these digital currencies without any hassle. One of the best choices in this regard is Neuer Capital. Located in the Republic of Seychelles, Expand Solutions Ltd. founded this brokerage to provide traders all over the world with a secure and transparent platform for trading cryptocurrencies.
You can trade a huge array of cryptocurrencies with Neuer Capital and the broker has made an effort to provide optimal trading conditions for doing so. Some people are skeptical of this brokerage because it doesn’t have as much experience as other brokers, as it was recently founded. However, when you check out their services and offerings, you will immediately realize that it is better than most of the other brokers in the market. Neuer Capital offers CFD trading services and has given its clients access to a professional and advanced platform for doing so.
Is Neuer Capital a Scam?
You might be asking yourself “is Neuer Capital scam or legit?”. Well rest assured that Neuer Capital is a legitimate and safe broker for your trading needs.
In every aspect, whether it is the educational center on their website, registration process or the security measures, the broker has done an exceptional job. They have a team of professionals who are constantly working on improving the services to make trading a profitable trading experience for everyone. Moreover, Neuer Capital has not restricted its services for a particular category of traders; you can sing up with them, even if you are new to the market or have been around the circuit for some time. How will the broker help you in your trading journey? You can find out below:
- A Fair and Secure Trading Environment
The cryptocurrency market has become a stomping ground for cybercriminals due to the unregulated and anonymous nature of this virtual currency. Therefore, anyone who steps into this market is familiar with the security risks and their priority is to find a platform that can minimize them as much as possible. The team behind Neuer Capital is well-versed in the security risks and they have taken appropriate steps to mitigate them as much as possible. The broker knows that it is not just your finances that need to be secure; your confidential data is just as important.
Hence, Neuer Capital has implemented security measures for dealing with each of these aspects in the best possible way. As it is an authorized brokerage, they have to comply with international regulations and guidelines in order to continue operating. These include the KYC (Know Your Customer) policy, which requires identification and residence verification of traders and the AML (Anti-Money Laundering) policy that asks for proof of payment. Through this verification, the broker can ensure that no shady individuals or criminals can make their way onto their platform to use it for any nefarious purpose.
Documents Needed for KYC and AML Verification:
- A government-issued form of ID, which can be a driver’s license, national ID card or a passport. Make sure that the document is not nearing its expiry date.
- A utility bill, which could be gas, water or electricity, or a bank statement/credit card bill, which should not be more than three months old.
- Photographs of your debit or credit card, if you plan on using any with the broker. The front and back picture needs to be provided, but you can hide the code on the back and the last four digits on the front.
Submitting these documents will verify your account and you will be able to use it without any problems. For protecting these documents and other sensitive information that traders entrust with the broker, Neuer Capital has employed the use of 256-bit SSL (Secure Socket Layer) encryption. Every piece of data entered on the platform is immediately encrypted to prevent it from being accessed by any unauthorized individual or third-party. The broker also follows customer account segregation, as per international rules, which means the accounts of the broker and its clients are kept separate.
No one can access the traders’ money without permission or proper authorization. In case of bankruptcy, all funds are returned to the clients. For storage purposes, Neuer Capital has chosen the top-grade investment banks because they can provide greater security than any other banks. With these measures in place, the broker is able to provide a fair and secure environment to its traders.
- A Robust and Intuitive Trading Platform
When you have checked a broker’s security, your focus should shift to their trading platform. This is one of the most crucial elements of a brokerage because you use this software for keeping track of your investments and for making trades. If the trading platform lacks any important features or doesn’t perform well, your trading experience will suffer. This trading platform varies from broker to broker and you should never ignore it if you wish to trade in the long-term. Neuer Capital has a proprietary trading platform developed especially for its clients, keeping in mind their convenience and requirements.
The trading platform doesn’t require any form of downloading or installation since it is web-based i.e. accessible via the browser. This is undoubtedly appealing because it gives traders the freedom to use it on any device they want. Neuer Capital has created an intuitive trading solution in order to ensure that all traders are able to use the platform without any complaints. Therefore, it is extremely user-friendly and is equipped with some of the most advanced and state-of-the-art trading tools that can come in handy during the trading process.
The robust trading platform offers one-click trading i.e. transactions are executed in a single click, thereby allowing traders to take advantage of even the smallest opportunity quickly. Fast execution, various charting tools, price alerts, and trading indicators only add to the platform’s usability and effectiveness. You can also find mobile trading apps for Android and iOS devices that Neuer Capital has introduced for allowing its clients to trade on the move. These apps are also easy to navigate and deliver a seamless trading experience to the users. They are powered by innovative features and give traders the flexibility to access their accounts 24/7.
- A Wide Range of Crypto Options
After checking out the broker’s trading platform, your focus should now be on the cryptocurrencies you will be able to trade. Bitcoin is the first and most-demanded cryptocurrency, no doubt, but it is no longer the only option in the market. While it does lead the market in terms of capitalization, a number of other cryptocurrencies have shown a lot of potential and can give solid returns to traders. You can start with one crypto, but gradually, you would want to expand to others as well. Thus, it is best to look for a broker that can provide you with as many options as possible.
This is where Neuer Capital comes in because the broker has put together a wide range of crypto options for every trader. Whether you are a Bitcoin enthusiast or you are looking for a less volatile crypto, you will find a multitude of options with this broker. The options start with Bitcoin, but go on to include Ethereum, Litecoin and Ripple. Some other choices you can explore include Binance Coin, Qtum, and NEM etc. The broker offers leverage of up to 1:100 for trading cryptocurrencies, which gives you the chance of earning much higher returns than you would be able to do otherwise.
- Quick and Hassle-Free Registration
When people think of signing up with a broker, they imagine having to fill out an endless number of forms asking for significant details that seem to be quite irrelevant. Furthermore, contracts may have to be signed and different agreements to be made. This can seem like a taxing and hassling process and traders wish to avoid it at all costs. Understanding their dilemma, Neuer Capital has cut down the number of forms to be filled and doesn’t ask its clients to sign any contract. There is only one form on their website that has to be completed for registration and verification documents to be submitted under the KYC and AML policies.
The registration form is provided on the website and asks for the following details:
- First and Last Name
- Phone Number
- Email Address
- Account Currency (EUR, USD or GBP)
Enter these details and agree to the broker’s Terms and Conditions to finish the process. It only takes a few minutes and you will be registered on the platform. Even if you are a new trader, you will have no trouble in dealing with these legalities. As for the documents, they have to be emailed to the email address provided on the website.
- Myriad of Account Options to Choose From
After you are done with the registration process, it is time for you to open an account with Neuer Capital. Like every broker in the market, they have also given their clients some account options to choose from. However, their choices are different because they are far more varied than what you find at other platforms. Most brokers only given three to four options whereas here you will have six account options to choose from. You can weigh the pros and cons of each account and opt for one, depending on your risk tolerance, skill and how much capital you wish to invest.
The myriad of account options you will find are:
Basic: Having a minimum deposit requirement of €1,000, this account is for those who are new to the world of crypto trading. Therefore, it provides the most basic features, like its name, such as daily market reviews, professional webinars, educational center and round the clock customer support.
Bronze: Neuer Capital’s second account offering comes with a minimum deposit limit of €10,000, as it is meant for traders with a little bit of knowledge of the crypto market. They can make bigger trades than newbies, so they are given price alerts. They can also benefit from the expertise of an account manager, who is available for a month.
Silver: Now, the minimum deposit requirement is increased to €25,000 by Neuer Capital because this account has been developed for traders with experience and exposure. They are given the account manager for three months to help in managing their portfolio and they also receive PIA trading alerts five times a day to make better decisions.
Gold: Intermediate traders have been accommodated by Neuer Capital with this account, but it can be opened only when they deposit €50,000. The account manager’s duration is now extended till six months and PIA trading signals are delivered 10 times a day.
Platinum: The account that is dedicated to cater to skilled traders and Neuer Capital has set a minimum deposit requirement of €250,000 for it. Traders who choose this account will be able to use the account manager for a year and get unlimited trading signals. In fact, they are also sent PIA SMS signals and they are given assistance in developing a personalized trading strategy to help them earn profits.
Black: The last account option that Neuer Capital has introduced is for professional traders. It doesn’t have a minimum deposit requirement, but certain conditions have to be met before a trader is eligible to open this account. You can discuss the requirements with your account manager, if you are interested in opening this account. This account gives its users access to a trading trainer, who gives them one-on-one sessions. They can also make use of exclusive position access.
- A Ton of Trading Resources and Tools
One of the most impressive features of Neuer Capital that has helped the broker in attracting traders of different backgrounds is the resources and tools on their platform. Cryptocurrency trading is unlike other forms of trading and requires a great deal of precision due to its volatility. Consequently, traders need access to advanced tools and extensive educational resources to know how the market works. Neuer Capital has ensured that its clients don’t have to undergo any issues, whether they are novices or professional traders.
They have a comprehensive educational center where introductory courses are provided for different aspects of trading. These can be extremely useful for beginners as they help them in learning the basics. Some in-depth courses have also been added to assist experienced traders in developing good trading strategies that can give them solid returns. You can also find e-books on cryptocurrencies that can provide deep insight into the market. Apart from these, Neuer Capital also has an analysis section where its clients can access tools for fundamental and technical analysis. They can also learn the basics of video charting analysis that can be handy in the decision-making process.
Traders will also find a Glossary on the website that provides meanings of important terms and jargon related to the cryptocurrency industry. Webinars are also conducted to provide real-time information and market updates to traders, which they can use for opening and closing their positions.
- Fast and Easy Banking
Banking is a vital aspect of a brokerage because you will have to invest your capital and then withdraw your returns later on. As stated earlier, there are deposit requirements associated with trading accounts and the funds have to be deposited for you to start trading. But, how do you add these funds? Neuer Capital provides several methods for depositing and withdrawing funds. Their aim is to make banking fast and easy for their clientele and so they have added multiple channels for this purpose.
You can use your debit and credit cards, as long as you have verified them, to deposit money and withdraw it from your account on Neuer Capital. The broker supports Visa, Visa Electron, MasterCard, Delta, Maestro, Maestro UK and Diners, amongst other cards. You can also use your bank account to add the funds as the broker supports bank wire transfer. Lastly, e-wallet options have also been provided, such as Neteller and SoFort, for the convenience and ease of clients. All deposits are reflected in your trading account instantly and no charges are applicable by the broker.
Withdrawals may take anywhere between 7 and 14 days to be processed and your account needs to be verified for them to go through. The charges of withdrawals will depend on what method you use.
- Round the Clock Customer Support
When using a brokerage, there will be times that you will need assistance or help of some sort. Customer support is important here, but not all brokers are known to provide it. Even if they do, it is available for a limited time. Neuer Capital is a lot more accommodating than other crypto brokers. They provide customer support 24/6, which can be accessed through different methods. You can call the agents up and ask them to guide you or you can send an email with your query. The broker has also incorporated a web contact form on their website that you can fill out and send. They are very responsive and will get back to you as quickly as possible, ensuring that you don’t have to wait long.
Along with these offerings, Neuer Capital also has a referral program that you can use for earning some extra income. Their trading fee is very competitive and allows you to maximize your returns and keep your costs low. Whether you are a new crypto trader or have traded before, you can enjoy an easy and successful crypto trading journey with Neuer Capital.