Harrington Plus Review
Signing up with a broker is imperative to start financial trading because they are the key that unlocks the doors. They provide the software, tools and other services that are needed for trading in any market, so it is not a step you can skip. There was a time when there weren’t many brokers operating in the markets and you had to choose one from the limited options. But, times have changed and with a greater number of people entering these markets, there is a demand for reliable and professional brokers. You can check out this Harrington Plus review to find out if it falls in this category.
It is essential to remember that just because there are hundreds of platforms you can find, it doesn’t mean that all of them can offer you quality services. Their offerings can be quite different and they may not cater to everyone. For instance, some brokers focus on a specific financial market, such as cryptocurrency. Likewise, there are also companies that target beginner traders, or are only designed for experts and professionals. You have to factor these in when you are searching for a broker in order to choose the right one the first time around.
Having to sign up with different brokers repeatedly can be immensely frustrating, not to mention the opportunities you miss and the time it takes. But, how do you identify the one that will suit you? This requires an assessment of the broker’s features and services, which enables you to make a decision. Sure, it may require a bit of time and effort, but the convenience you enjoy at the end of the day makes it worth it. Founded by a group of experts who have been part of the financial markets since 1995, Harrington Plus has its offices in Singapore and is offering its services in more than 25 countries around the globe.
They have climbed up the ladder quickly and their services have garnered the attention of many traders, but you need to determine if you fall in their target audience or not. How can you do that? You can check out this step-by-step assessment of Harrington Plus’ offerings to do so. Let’s take a look:
|Trading Accounts||Five Account Types; Micro, Bronze, Premium, Gold and Plus Member|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News, Live Market Summary, Daily Chart Analysis and Risk Management Tools|
|Education and Training||Yes; e-books, online interactive courses, webinars, seminars, tutorials, in-depth research and glossary.|
|Customer Support||24/7 support via email address, phone number and online contact form.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Harrington Plus|
Step 1: Start with the registration
The assessment of a broker should begin with their registration i.e. checking what steps you have to follow to register on their platform. Some companies require traders to fill out multiple forms, sign contracts and they may also have an approval process or criteria that you have to meet. This can take time and is also exhausting for people. A look at the registration process at Harrington Plus shows that they have no such extensive requirements from their customers. If you want to use their services, you only have to complete one, short and concise form on their website.
The form asks for very basic details, such as your full name, date of birth, email address, password, country of residence and phone number. You also have to agree to the Terms and Conditions that can be found on the Harrington Plus website. As soon as you do so, you will be immediately registered on the platform and there are no other prerequisites for you to fulfill. It doesn’t even take a full five minutes to complete the registration.
Step 2: Check the account options
After you have assessed the registration process, you should move onto the account options because this is the next step you have to take for using a broker’s services. You need to know what account options are provided to determine if there is one that can allow you to trade comfortably. The purpose of coming up with several options is to facilitate traders, as they can be distinguished according to their risk tolerance, trading style and capital. You will come across five account options at Harrington Plus and they are aimed at catering to traders from diverse backgrounds. The options you will find are:
Micro Account: The first account option you will find at Harrington Plus is called Micro and it offers a limited range of assets to traders. The leverage is between x2 and x20, while fees is 1% to 6%. The swap is at 0.7 and commission is applicable in this account between 1% and 3%. Traders also get access to basic education, general support and monthly trading signals. A minimum deposit of $5,000 is needed for opening it.
Bronze Account: The second account option available is called Bronze and the minimum deposit needed to open it is $10,000 for trading a standard variety of assets. The leverage available is between x2 and x50 and the fees is reduced to 1% to 4%. Swaps are around 0.5 and commission applicable is between 1% and 2%. Along with basic education, traders can now get e-books and webinars and trading signals are now issued weekly. Traders can also get quarterly analyst reports and support center access and 5 loyalty points are given.
Premium Account: The third account option that Harrington Plus has added is called Premium and traders have to deposit at least $50,000 to open it. Advanced range of trading instruments are now available here and leverage is between x2 and x100. Both fees and commission fall between 0.5% and 2%, while swaps are now adjusted to 0.3. Analyst session is also added in education and trading signals are issued daily. A support team member is available, as are monthly analyst reports. 20 loyalty points are also given.
Gold Account: Next comes the Gold account, which you can open if you deposit $100,000. The complete range of instruments is now available in this account and it offers leverage as high as x100. Fees and commissions are once again the same i.e. between 0.25% and 1.5%. The swaps, on the other hand, are 0.15. A trading analysis program is added to the educational offerings and trading signals are given multiple times on a daily basis. A senior support team member is also provided, along with a weekly analyst report and 50 loyalty points.
Plus Member Account: A minimum deposit of $250,000 is needed to open the Plus Member account at Harrington Plus. It provides the full range of instruments and leverage remains the same as the previous account. The swap, fees, trade signals, analyst report and loyalty points are all custom for this account. A dedicated support team is available, while commissions are between 0.25% and 1%. Traders can also access all kinds of training and educational resources provided on the platform.
Step 3: Look at the funding methods
Once you know what account you can and will open, you should check the funding methods because you have to make a minimum deposit in order to do so. You obviously want to find convenient and easy options that allow you to add and withdraw your funds with ease. Fortunately, this is what you will discover at Harrington Plus because they have added several types of options to ensure every trader can find an option that suits them.
If you prefer the traditional payment options, you can use bank wire transfers for your deposits and withdrawals. They are quite secure, even if they take a bit of time for processing. You can also find more modern funding methods available at Harrington Plus and these include debit and credit cards, both VISA and MasterCard. Online payment options, such as Neteller and Skrill have also been added for the traders’ convenience.
Step 4: Go over the instruments
Now that your trading account is ready to use, you need to check out what instruments you want to trade. There are hundreds of thousands of trading instruments that you can find in the financial markets, but a broker doesn’t offer access to all. You need to go over the options to ensure the options available are profitable and in accordance with your risk appetite and preference. The choices you will find at Harrington Plus certainly don’t disappoint because they offer a wide array of instruments for traders to choose from.
There are more than 150 instruments you will find, which belong to some of the most prominent financial markets in the world. The diversity of the offerings ensure that traders can find something that suits their risk appetite and also gives them enough room to diversify their portfolio, which can minimize risks significantly. You can trade in one of the oldest financial markets i.e. the stock market at Harrington Plus and trade shares of some of the renowned companies like Amazon, Loreal, Apple, Barclays, Vodafone, Tesla, Microsoft and Fiat.
If you prefer looking at the bigger picture, the indices market is another option that Harrington Plus has added and you can choose from some of the leading indices, such as FTSE 100, S&P 500, NASDAQ 100, CAC 40 and DAX 30. With a daily trading volume of more than $5 trillion, the forex market is another attractive option and a horde of currency pairs can be found for trading. These include EUR/USD, GBP/USD, USD/JPY, AUD/NZD, EUR/GBO and USD/CHF.
Traders who prefer instruments with low volatility and stable returns, the commodities market is a great option. Both soft and hard commodities are available at Harrington Plus and energy commodities as well. You can choose from agricultural products like wheat, sugar, rice and coffee and precious metals like gold, silver, platinum and palladium. Energy commodities include natural gas and crude oil. Cryptocurrencies, such as Bitcoin, Litecoin, Ethereum and Bitcoin Cash are also available here, which are very lucrative and profitable.
Step 5: Assess the trading platform
Your assessment of a broker cannot be complete without knowing what kind of trading platform they offer. This is the feature that traders engage with the most because this software connects you to the financial markets and also provides the tools and services that are required at every step. You should be aware that your trading experience depends on this platform a great deal, due to which it should be a good one. When you assess the trading platform at Harrington Plus, you will discover not one, but three options available in terms of platform.
They have added the more traditional desktop trading platform that you need to download on your PC for a full-fledged and powerful trading experience. If you prefer more flexibility, you can use the WebTrader that Harrington Plus has developed and is accessed through the web browser on whatever device you decide to use it on. Moreover, they have also kept up with the trends and added mobile trading apps for iOS and Android that you can download within minutes and use them to trade from anywhere and everywhere.
Every trading platform at Harrington Plus uses state-of-the-art technology that allows it to deliver superior trade execution and eliminates any delays. They have a user-friendly interface, so every trader, whether a novice or expert, will be able to navigate the platform within a few minutes. Apart from that, the platforms have also been equipped with powerful and efficient trading tools that can enhance your experience. You will get live price alerts that help you make decisions and real-time statistics and charts. Trading signals and analysis tools, along with different order types are also available.
You will also find excellent customer support, top-notch security features and extensive educational resources at Harrington Plus that make it a one-stop trading solution for all.