NCapital Group Review
The concept of trading in the financial markets is not a new one; it has been around for decades and millions of people from different parts of the world participate in these markets. However, in the last couple of decades, this profession has seen a massive influx of people and this is due to several reasons. To start with, technological advancement has made the financial markets more accessible to everyone. People can now trade online and not have to go anywhere, which has eliminated a lot of hassle that previously existed when you wanted to begin trading. This is no longer the case, as you can now access the markets from your home.
Moreover, there are no such barriers to entry like in terms of education, skills or experience, which has also brought in more people. Most importantly, the launch of cryptocurrencies has also turned the tide and has attracted the interest of thousands of people from all over the globe. The volatility of these digital currencies and their profit potential has proven to be immensely useful. It all began with Bitcoin in 2009, but now the market comprises of more than 5,000 cryptocurrencies that can be traded for profits. This means everyone can find opportunities to make profits, according to their risk tolerance.
But, in order to trade cryptocurrencies, you will have to find a broker, much like other financial instruments. This is one element that has remained constant over the years; just like traditional trading, you require a broker in online trading as well. Even though there are tons of these trading platforms that can be found, your priority should be to find a company that specializes in cryptocurrencies. Why? First, it is important to remember that this asset is not the same as the rest, since it is still evolving and expanding and its volatility is also incomparable. Therefore, it requires different tools, features and tools that only expert brokers can offer.
In addition, trading platforms that offer other instruments will only give you a handful of crypto options. You will come to know that most of them don’t go beyond the top three or four choices, which can significantly limit your investment. In contrast, brokers specializing in crypto can offer you a much greater and better variety because it is the only asset they are focused on. One of the options that you will come across in the market is NCapital Group. It is dedicated to offering crypto trading services to beginners and skilled traders alike.
The fact that NCapital Group hasn’t been around that long might make some people hesitate, but it will not take you long to see that they have developed a strong reputation in the market. Nonetheless, you need to ask some important questions about their services in order to ensure they will be the right fit for you. What are the right questions to ask? Let’s find out:
|Trading Accounts||Basic, Bronze, Silver Gold, Platinum and Black|
|Minimum Deposit||500 EUR/USD|
|Trading Tools||Charting tools, Analysis tools, daily market news and price alerts in real-time|
|Education and Training||Videos, courses, tutorials, guides and webinars|
|Customer Support||Yes; phone and email|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering) Policies|
|Parent Company||Matrix Markets LTD|
What cryptocurrencies does it offer?
Almost everyone has heard of the first cryptocurrency Bitcoin, which is the top and most renowned crypto in the world. There was a time when it was the only crypto people knew about, but those days are long gone. It has been a decade since Bitcoin was first introduced and now there are thousands of others that have joined the mix. Not only that, but some of these have proven to be quite profitable and successful as well. The best way to diversify your portfolio would be to invest in various cryptocurrencies, as this gives you the opportunity to maximize your returns.
But, this is only possible if the broker you opt for can give you the variety of cryptocurrencies needed. This is what you will find at NCapital Group. Since they are solely dedicated to cryptocurrency trading, the company has put together an impressive variety of cryptocurrencies. The options start with some of the leading crypto in the market, such as Bitcoin, Litecoin, Bitcoin Cash and Ethereum, but they certainly don’t stop here. There are plenty more options that you will find, such as Ripple, NEO, EOS and Monero that you will be able to trade. This gives you the ability to reduce your risk and get a chance to earn high profits.
How do you register?
One complaint that traders often have about trading platforms is about their registration procedure. Some of them have multiple forms that need to be filled, which can be time consuming, and they also have approval procedures and other requirements that can be frustrating. As a matter of fact, some traders end up leaving halfway through the registration process. When it comes to NCapital Group, you will not have any such issues because they have made an effort to keep the registration process simple and quick. The first thing you should know is that no fee is applicable for registering with them.
In order to start the registration process, you need to visit NCapital Group’s website and click on the ‘Register Now’ option that’s easily visible on their homepage. Upon doing so, you will be provided with a form that has to be filled out. There is no need to be concerned because the firm only asks for basic information from you. It only takes you a couple of minutes to do it because you just need to enter your first and last name, an email address, phone number, location and an account password. They will send a link to your email address for verification purposes.
You will also be asked to agree to their Terms & Conditions and should be at least 18 to register. As soon as you verify your email, you will be immediately registered. NCapital Group does not have an approval process that requires you to wait. After you have registered with them, you can move onto the next step i.e. choose an account to open.
What account options are available?
Opening an account is a very important step because this account will keep all your information. Your details will be stored in this account, along with the funds you deposit, and it will also keep track of your trades and history. Since NCapital Group is offering its services to traders from different backgrounds, it is not surprising that to know that they have added multiple account choices to their platform. However, what distinguishes this firm from the rest is that they have added more options than others. The goal is to provide customized trading solutions rather than generic options for traders to choose from.
You can consider your trading background, level of experience, skill and your risk tolerance to choose an account. The options available to you are:
The first account you will find at NCapital Group is referred to as Basic, and it is aimed for traders with no background or experience in the trading market. It can be opened with a minimum deposit of 1,000 EUR. This account boasts 24/6 customer support, Daily Market Review, webinars and some basic education and training for the users.
The next account option that has been developed is referred to as Bronze and it is for beginners with a little bit of experience. It provides all features of the Basic account, but has a higher minimize deposit of 10,000 EUR. It also provides price alerts for the junior level, which can be useful for the traders.
Another step up that you will come across is the Silver account, which has a higher minimum deposit requirement of 25,000 EUR. Features of the first two accounts are available, but there are some additional perks that can come in handy. These include PIA trading secrets and also an account manager, for providing guidance and insight into your trading activities.
This account option is primarily aimed at intermediate traders, who have some experience and skill under their belt now. Therefore, its minimum deposit requirement has been set at 50,000 EUR. Along with the other features, the perks in the Gold account include PIA SMS Signals and customized trading strategies, both of which can be immensely handy.
The fifth account choice that NCapital Group has incorporated on its platform is more for advanced and skilled traders and it requires a minimum deposit of 250,000 EUR to be opened. Every other feature offered is available here, but there are some additional ones as well. This account comes with a one-on-one training advisor that can be extremely beneficial for traders when they want an edge in the markets. Likewise, it also provides them with exclusive position access and this can also be helpful.
The last account option that has been added is referred to as the Black account. This one is meant for professional and VIP traders, but it is not possible for just anyone to sign up for it. In order to qualify for this account, traders have to meet certain requirements. You can find out the eligibility criteria of this account by talking to your account manager.
What trading solutions are offered?
Perhaps, the most crucial feature that a brokerage offers to its clients, due to which they still remain essential, is a trading platform. This refers to the software that will be used by traders for connecting to the crypto market, executing their trades which means opening and closing positions, and monitoring the movements, as they happen. The trading solution offered to you is extremely vital because if it is not up to the mark, you will not be able to trade as profitably as you want. No matter how impressive the asset variety might be, if the trading platform is slow in execution or lacks in features, it can affect your performance.
As far as NCapital Group is concerned, the company has chosen to develop its own proprietary trading platform for its clients. The first thing you need to know about it is that it is a web based trading platform, which means that you don’t have to worry about the hassle of having to download or install anything, anywhere. It is accessed through their website, which also gives you flexibility because it allows you to use the trading platform on any device that supports a web browser and an internet connection. You can use the trading platform on your PC, your laptop or your mobile devices. It can work on both iOS and Android ecosystems and enable you to trade on the go.
When it comes to the performance of the trading platform, NCapital Group has opted for a user-friendly and intuitive interface, which eliminates any learning curve or complexities that you would have to worry about. You can navigate it easily and it can also be customized according to your needs. The dashboard has been equipped with some of the most powerful trading tools that can be found in the market. You can enjoy speedy trade execution, along with one-click trading. The platform also gives you daily trading news, allowing you to keep up with changes in the market.
Furthermore, you will also come across charting tools, a number of technical and fundamental analysis tools, along with real-time price alerts. You can execute an array of orders and do it seamlessly, without any delays, whatsoever.
Is the platform secure?
Even though the internet has provided a lot of convenience, it hasn’t come without its risks. It has become a breeding ground for different types of cybercrimes and this makes people wary of sharing their information with anyone or when sending money. The problem is that you have to do both, when you decide to engage in online trading. When you register with a trading platform, you have to share private and confidential data with them and you deposit your funds for initiating trades. This leaves you vulnerable and you want to minimize this exposure as much as possible. The best way to do so is to choose a brokerage that doesn’t take security lightly.
As it is a registered company, NCapital Group is also compliant with the international security policies, which are referred to as KYC (Know Your Customer) and AML (Anti-Money Laundering). These policies are designed to protect the users of the platform against risks, such as identity theft. They also prevent money laundering and any other illegal financial activities from taking place. But, in order to comply with these, you will be required to provide some documentations. These are needed for proof of identity and for proof of residence.
For the former, you can submit any form of government-issued ID, such as a passport, national ID card or a driver’s license. The latter will require a bank statement or any utility bill, whether it is water, gas or electricity, which shows your name and address. If you plan on using a card for making your deposits and withdrawals at NCapital Group, you will also be asked to provide a copy of it, front and back. These documents have to be provided before you can make any financial transactions on the platform. To protect your funds, the company keeps 95% of the crypto assets in cold storage.
Your cash deposits are also kept in segregated accounts for ensuring maximum security and eliminating any chances of misappropriation. The platform is also monitored 24/7 to identify any security risks and loopholes, so they can be fixed immediately. They also perform regular testing to identify any weaknesses that may be exploited by cybercriminals.
What payment methods are given?
In order to start trading, you would obviously need to deposit your funds in your trading account. After you have made profits from your trading activities, you would also want to withdraw them. To do both, you need to do what payment methods are supported on the platform and then select one that suits you. NCapital Group has put together a range of payment solutions to ensure everyone can find an option that’s hassle-free and convenient. The options begin with bank wire transfer, which allows you to use your bank account for funding and withdrawal.
The next option is to use debit or credit cards, as the platform supports a variety of each. These are quick and easy and it can be even easier with e-wallets, such as Neteller, as those are also offered to you. These methods are available for both adding your money and for withdrawing it from NCapital Group. Deposits are free of cost, no matter which option you choose and transfers are usually immediate. There is no minimum requirement that has been imposed.
When it comes to withdrawals, no charges are incurred when you opt for debit/credit cards or e-wallets, but using bank wire transfers incurs a cost of 30 USD. Withdrawal requests have to be submitted through your account and are approved in 24 hours. After this, it can take anywhere between 3 to 7 business days for the transaction to be processed.
Are any learning resources provided?
Cryptocurrencies are a relatively new trading instrument and as the market is still developing, there is a lot that traders need to understand and learn. Thus, it is imperative that you continue your education in order to get better at crypto trading and minimize any mistakes you might make otherwise. But, in order to do so, you also need to find proper and accurate resources, which is easier said than done. Keeping that in mind, NCapital Group has put together extensive learning resources on their websites that can benefit their clients.
You can find these resources in different forms, be it tutorials, articles, guides, e-books and online courses. There are detailed videos on every aspect of crypto trading and it can help you in polishing your knowledge, as well as improving your trading skills and strategy. NCapital Group has also put in the effort to add webinars, which are conducted by expert and leading traders in the market. These can help you in staying up-to-date with the latest additions in the market and make adjustments to your strategies and portfolio accordingly.
Do they offer customer support?
Last, but certainly not the least, one of the most important aspects of any business is the customer support they offer. When you are using a trading platform, you might encounter a technical problem or you may have questions about a procedure or tool. In that case, you will need assistance and immediate help is preferred because the market can change very quickly. NCapital Group has been thorough when it comes to customer support in order to satisfy their clients.
You can reach out to their customer support 24/6 and there are several ways it can be done. They have provided an email address on their website that you can use or you can also give them a call on the number provided. The team is prompt and friendly and will attempt to answer your queries, as efficiently as possible.
What is the verdict?
After asking the aforementioned questions, you can ascertain what kind of broker NCapital Group is. You can start your crypto trading journey with them and take advantage of the impressive trading conditions they have to offer.