Do you know the importance of an honest broker? Well, I can tell you for sure that an honest broker can keep you trading for many years to come. On the other hand, if you are with a dishonest broker, you might have to quit trading before you know it. The difference is that you are hit with hidden fees, charges, and other things so frequently that you feel like quitting. The one broker I think is really honest with its traders is Pioneer Markets. I want to use this Pioneer Markets review to tell you about the transparency it maintains in its dealings and matters.
Proper Compliance
The broker is in proper compliance with all the regulations and policies that apply to online traders. As soon as you land on the website and click on the “compliance” tab, you can find all the information about the company’s compliance with these policies. Firstly, you will have to agree to its terms and conditions when you sign up with it. Secondly, it does not let any traders who don’t adhere to the KYC and AML policies sign up on its trading platform. So, you will have to give out your personal details, identification number, and contact information.
You will also have to make sure that these details are correct. The same information should match with the information that you have on your bank account. The bank account you will use for funding your account will also have to be the account you use for pulling out funds from your online trading account. All the conditions associated with deposits and withdrawals are there clearly in view on the website of the broker.
No Hidden Fees and Charges
While this should not be the case, it’s true that having no hidden fees can be a blessing for many. There are so many companies that have all the different types of hidden charges. The worst part is that they hit you at the most wrong time possible. You are trying to withdraw money and then you find out that there are fees associated with that. You make a deposit and find out that the amount you transferred doesn’t match the amount that landed in your trading account. However, you will be glad to know that Pioneer Markets does not have such policies in place. You can fund your account whenever you want and withdraw funds without paying any unnecessary hidden charges.
There are no hidden charges on your trades either. If you are trading, all you have to be concerned with is the amount you pay in spreads. The spreads have been clearly stated with each trade. There are no other hidden commissions or service charges for you to pay when you sign up with this company. These are the things that have made Pioneer Markets such a favorite of so many traders in the world.
Talk to Support When You Need Help
When nothing works for you or when you have a question you need answered, you have the customer support department to listen to you. The company has not left you with just an FAQs page like many others on the internet. It has a fully dedicated customer support department that helps you with all your questions and concerns from 8am in the morning to 5pm. You can reach out to the customer support team through email and expect for them to respond to you within 24 hours. Or, you can just call and get connected to a professional agent as soon as possible.
Final Thoughts
The value of honest and transparent online brokers is something that many new traders don’t understand. However, I have been through this process and I can tell you that they are everything you need for your trading growth. If you are thinking about trading, you should definitely give Pioneer Markets a try to see how it can help you.