ProCapital Trade Reviews On Procapitaltrade.com, Before Risking Your Money..See Findings!

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PCT Pro Capital Trade Review

ProCapital Trade is an offshore CFD Forex broker, operating since 2020. Since this broker has been in the industry for a few years now, it is understandable that you will encounter a fair amount of chatter about them online, predominantly in a negative manner, however. Their website is basic yet outdated, but simplistically set out for easy navigation. The fact that the website does not provide an FAQ page which immediately makes it incredibly difficult to obtain answers to the initial questions and queries one may have. Coupled together with the fact that they do not have a live chat feature makes you question whether or not you want to trade with a broker that is so vague and directly uncontactable.

Account Types

PCT offer 4 account types, namely: Standard, Classic, Premium and Gold. All account types are compatible on the trusted MT4 platform. The smallest account has a minimum deposit requirement of $250 (although some debates online state it is in fact $500), and the Gold account minimum deposit requirement is $50,000. This is quite some range which could be ideal for various types of traders, new or experienced. However, it is important to note that the lower the deposit requirement, the more restricted you are in terms of which instruments you can trade. You will only be granted access to ALL instruments if you opt for the larger account (Gold) meaning you are expected to deposit a minimum of $50,000.

Platforms

PCT have been smart when it comes to the trading platform by offering the leading trading platform MT4. All clients, no matter which account type you opt for, have access to MT4 desktop and mobile version.

Leverage

For the Standard, Classic and Premium, the account comparison table on the website states you may trade with 1:200 leverage while with the Gold account, the leverage is ‘adjustable’. This is rather confusing and suggests that for the first 3 accounts, you are not able to lower the 1:200 leverage, but with the Gold account you can, however, for this basic expectation from a broker, it is now somewhat considered a luxury, at the cost of depositing a minimum of $50,000.

Trade Sizes

Nowhere on the website does it state the minimum lot size one must trade with other than the mention of the minimum lot size applicable when trading with the bonus that can be granted. This information can be found in the Terms and Conditions section.

Trading Costs

It is unclear if this broker charges trade commissions as this is oddly not included in the account comparison table on the website. This can only suggest that this broker does NOT charge trade commission fees which is of course, a bonus for the trader.

Assets

As mentioned earlier, it is rather disappointing to know that if you trade with this broker, and opt for one of the 3 lower accounts, you are restricted to trading particular instruments. On the other hand, if you opt for the minimum deposit of $50,000 (Gold account), then you have access to trade ALL instruments. In summary, the Standard account allows you to trade only Base currencies (FX Majors), the Classic account allows you to trade Base currencies, Gold, Silver and Oil, the Premium account allows you to trade All currencies, Indices and Shares and finally, the Gold account gives you access to all instruments mentioned. It is unclear how many instruments in total are available to trade.

Spreads

ProCapital Trade offer both fixed and floating spreads, but depending on the account type you choose to trade with, you may be limited to one or the other. For example, with the lowest of the four accounts, Standard account, you are subject to trading only with fixed spreads, the typical FX spread being 2.4 pips. For the Classic account you may trade with a mixture of both fixed and variable spreads, btu this ofc course applies to particular pairs. The average spreads are also at 2.4 pips. Moving on to the Premium account, again, you have the pleasure of trading with fixed and floating spreads, average spread typically at 0.6 pips. Lastly, the Gold account allows you more freedom in regards to spreads as they are ‘adjustable’ so presumably one can choose to have fixed or floating irregardless of the pairs they are trading. The average floating spreads are priced at 0.6 pips also.

Minimum Deposit

We mentioned earlier that the minimum deposit requirements from the smallest to largest account do have a huge range and not only that, but the smaller the minimum deposit requirement, the larger the sacrifice when it comes to trading conditions. The standard account has a minimum deposit of $250, the Classic account requires $2,500, the Premium account requires $20,000 and the Gold account requires a minimum of $50,000. The range here is not commonly affordable among the every day trader, and it seems unjust to need to fill the requirement of depositing $50,000 just in order to be able to trade a variety of ALL instruments.

Deposit Methods & Costs

The deposit methods are not clearly stated anywhere on the website, and there is not an FAQ page for clients to refer to for this information or even guidance on how to go about funding their account. The same lack of information applies for any charges that may be incurred with any deposit methods. The only snippet of information to be seen is on the footer of the website where it appears that this broker supports payments from Maestro, MasterCard and Visa cards.

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Withdrawal Methods & Costs

As with the lack of information when it comes to depositing with this broker, there is no information set out on the website in regards to which methods can be used for withdrawals, other than that you may use Maestro, MasterCard and Visa cards, but this is not concretely stated.

Withdrawal Processing & Wait Time

Since the website does not have basic information such as whether or not commissions are charged, or which deposit and withdrawal methods are available, it is no surprise that timescales are not stated anywhere, either. To the majority of serious traders, it is unacceptable to not present such basic information on the website FAQ page, which this broker does not even include in their website.

Bonuses & Promotions

Although there is no specific tab on the website in regards to a deposit bonus, there is some information hidden within the text of the Terms and Conditions. When using a deposit bonus, it is important to understand that this bonus can not be withdrawn unless incredibly challenging trading profit requirements are met so ensure to read through the bonus policy in the Terms and Conditions before agreeing to use any bonus.

Educational & Trading Tools

This broker does not offer any educational tools or anything that would assist you in your every day trading such as an economical calendar. However this is not a real necessity since such tools, free or with subscriptions can be found online, should you wish to partake in such products or services.

Customer Service

Customer service is not ProCapital Trade’s forte; you may only get in contact during the hours of 10AM – 8PM Sunday- Friday (Bahrain Time GMT). In addition to this limitation, you are only able to contact this broker by email or telephone. The absence of a live chat service, or even having 24/7 customer support is very disappointing and demonstrates a lack of care for the clients.

Demo Account

If you have made it this far into the review, it may not come as a surprise to know this broker do not even allow you to test their trading conditions through a demo account before committing to a live account. This is clear evidence that this broker have one priority: for clients to register ASAP and deposit ASAP even if this means trading ‘blind’ with a lack of knowledge on the broker’s services in general.

Countries Accepted

The absence of an FAQ page made finding which countries are restricted or not from trading with this broker, very difficult. The only applicable information on this subject can be found in the Terms and Conditions section which still does not specifically state which countries are allowed and those that are restricted from trading with this broker.

Conclusion

This broker does not set out the majority of basic information that every serious trader should know before registering and depositing with a broker. The fact that the Terms and Conditions had to be a FAQ replacement for some questions, says a lot. An absence of a 24/7 and responsive customer support also demonstrates an element of suspicion one should note when considering trading with this broker.

Overall, the trading conditions (the ones that ARE visible on the website) are not totally competitive, or even clear, especially when it comes to spread and leverage options. It would be considered wise for only the more experienced traders to even consider this broker, and email any preliminary questions to the support team before registering.

ProCapital

Au service de votre performance

ProCapital

Au service de votre performance

Présentation

Filiale du Crédit Mutuel Arkéa, ProCapital, offre une large gamme de services à destination d’établissements financiers : sociétés de gestion, banques privées, réseaux bancaires, courtiers et banques en ligne ou assureurs.

ProCapital fournit à ses partenaires une offre modulable de sous-traitance de tout ou partie de leur activité retail via un modèle intégré unique permettant la mise en œuvre rapide de prestations incluant :

  • L’ensemble des outils transactionnels et/ou de consultation à destination des clients finaux ou des équipes de l’établissement financier
  • La négociation des transactions sur l’ensemble des classes d’actifs
  • La tenue de l’ensemble des typologies de comptes titres

L’offre de ProCapital intègre notamment une plateforme complète à destination des acteurs de la Gestion d’actifs :

  • Gestion de portefeuilles
  • Plateforme Conseillers
  • Outils de Business Intelligence

6 Easy Ways To Start Investing With Little Money

Modified date: March 24, 2020

I’m here to tell you: You don’t need to be the Wolf of Wall Street to start investing. It’s okay if you’re more of a mouse of Main Street. Even if you only have a few dollars to spare, your money will grow with compound interest.

The key to building wealth is developing good habits—like regularly putting money away every month. Swap out the barista-made cappuccinos for coffee at home and you could already be saving more than $50 a month.

Once you have a little money to play with, you can start to invest.

In 2020, you can get a date, a ride or a pizza with the swipe of a smartphone screen. Investing is no different. If you can automate your bills, why not your investments? It’s just as easy.

With a robo-advisor, you can make your money work while you play. And just like Halloween costumes, investing comes in many different forms. It shouldn’t be a scary word.

Whether it’s opening a savings account, investing in your retirement or the real estate market, investing for beginners is simpler and more straightforward than ever before.

Soon you’ll see how addictive growing your money can be.

Here are six simple ways to get there:

Saving money and investing it are closely connected. In order to invest money, you first have to save some up. That will take a lot less time than you think, and you can do it in very small steps.

If you’ve never been a saver, you can start by putting away just $10 per week. That may not seem like a lot, but over the course of a year, it comes to over $500.

Try putting $10 into an envelope, shoebox, a small safe, or even that legendary bank of first resort, the cookie jar. Though this may sound silly, it’s often a necessary first step. Get yourself into the habit of living on a little bit less than you earn, and stash the savings away in a safe place.

Discover Bank currently offers a strong 1.50% APY on their online savings account. There is no minimum deposit required and no monthly maintenance fees (or other fees) associated with a Discover Bank online savings account so the yield is earned on all balances.

The brand also offers high-yield CD’s, checking and money market accounts so if you want to diversify your deposits portfolio a little bit, Discover Bank has a lot of what you need.

The electronic equivalent of the cookie jar is the online savings account; it’s separate from your checking account. The money can be withdrawn in two business days if you need it, but it’s not linked to your debit card. Then when the stash is large enough, you can take it out and move it into some actual investment vehicles.

Start with small amounts of money, and then increase as you get more comfortable with the process. It may be a matter of deciding not to go to McDonald’s or passing on the movies, and putting that money into the cookie jar instead.

Prefer that money to be invested right away? Consider an online discount broker like You Invest by J.P. Morgan. You Invest offers fee free stock trades, fee free options trades and fee free ETF trades. Plus, they’re also offering up to a $625 cash bonus for new accounts.

You can link your Chase You Invest account to the variety of other Chase products (deposits, mortgages, credit cards etc.) so that all of your important financial accounts are in the same place.

2. Let a robo-advisor invest your money for you

Robo-advisors were created to make investing as simple and accessible as possible. No prior investment experience is required and set-up is easy. Let their automated intelligence track your investments in the background, and pay lower fees in the process.

Wealthfront

A robo-advisor that I highly recommend to first-time investors is Wealthfront. Their fees are reasonable at 0.25%, but the kicker is that you can get your first $5,000 managed free (specific to MU30 readers).

So if you’re looking to start investing with little money, Wealthfront could be the way to go. You will need $500 to get started though with Wealthfront so keep that in mind.

M1 Finance

If you don’t have that $500 starting balance, there are still great options for you in the Robo-advising space. M1 Finance charges no commissions or management fees, and their minimum starting balance is just $100.

You can choose from one of their pre-made diversified portfolios or customize your own by purchasing stocks and ETFs through their platform. The user interface is super easy to use.

Betterment

If you’re starting out with less than $100, you may want to consider Betterment, which has no minimum starting balance whatsoever. Like M1, it’s also great for beginners as it provides a super simple platform and a hassle-free approach to investing.

3. Make your first steps in real estate market

Real estate investing does not have to be for the very rich. There are many options for real estate crowdfunding and though this may seem like something you’d be nervous about looking into – it actually can be an intriguing investment.

With Fundrise’s really easy-to-use online platform, you simply need a starting minimum investment of $500. So if you’re an unaccredited investor, you can buy properties without paying those very large fees that end up being a deal-breaker if you want to start dabbling in real estate. By managing your own portfolio, the fees come to just 1% and Fundrise always offers a 90 days satisfaction guarantee.

4. Enroll in your employer’s retirement plan

If you’re on a tight budget, even the simple step of enrolling in your 401(k) or other employer retirement plan may seem beyond your reach. But there is a way that you can begin investing in an employer-sponsored retirement plan with amounts that are so small you won’t even notice them.

For example, plan to invest just 1 percent of your salary into the employer plan.

You probably won’t even miss a contribution that small, but what makes it even easier is that the tax deduction that you’ll get for doing so will make the contribution even smaller.

Once you commit to a 1 percent contribution, you can increase it gradually each year. For example, in year two, you can increase your contribution to 2 percent of your pay. In year three, you can increase your contribution to 3 percent of your pay, and so on.

If you time the increases with your annual pay raise, you’ll notice the increased contribution even less. So if you get a 2 percent increase in pay, it will effectively be splitting the increase between your retirement plan and your checking account. And if your employer provides a matching contribution, that will make the arrangement even better.

Blooom is a great tool for hands-off investment management of your 401(k). They’ll give you a free 401(k) analysis, telling you where and how they can optimize your investments. Check out our review of Blooom; if you decide to use their services, you’ll be charged a reasonable $10 per month.

And Blooom has got a special promotion right now: get $15 off your first year of Blooom with code BLMSMART

5. Put your money in low-initial-investment mutual funds

Mutual funds are investment securities that allow you to invest in a portfolio of stocks and bonds with a single transaction, making them perfect for new investors.

The trouble is many mutual fund companies require initial minimum investments of between $500 and $5,000. If you’re a first-time investor with little money to invest, those minimums can be out of reach. But some mutual fund companies will waive the account minimums if you agree to automatic monthly investments of between $50 and $100.

Automatic investing is a common feature with mutual fund and ETF IRA accounts. It’s less common with taxable accounts, though its always worth asking if it’s available. Mutual fund companies that have been known to do this include Dreyfus, Transamerica, and T. Rowe Price.

An automatic investing arrangement is particularly convenient if you can do it through payroll savings. You can typically set up an automatic deposit situation through your payroll, in much the same way that you do with an employer-sponsored retirement plan. Just ask your human resources department how to set it up.

6. Play it safe with Treasury securities

Not many small investors begin their investment journey with US Treasury securities, but you can. You’ll never get rich with these securities, but it is an excellent place to park your money—and earn some interest—until you are ready to go into higher risk/higher return investments.

Treasury securities, also known as savings bonds, are easy to buy through the US Treasury’s bond portal Treasury Direct. There you can buy fixed-income US government securities with maturities of anywhere from 30 days to 30 years in denominations as low as $100.

You can also use Treasury Direct to buy Treasury Inflation Protected Securities, or TIPS. These not only pay interest, but they also make periodic principal adjustments to account for inflation based on changes in the consumer price index.

And as is the case with mutual funds, you can also arrange to have your Treasury Direct account funded through payroll savings.

Bonus idea – Consider a 5% return with Worthy Bonds

For as little as $10, you can invest in Worthy Bonds. Worthy Bonds are fixed interest bonds that fund loans for creditworthy American businesses. The bonds have a term of 36-months, but interest is paid weekly and you can withdraw your money at ANY time, without penalty. Buy as many $10 bonds as you’d like.

The simple idea is that Worthy is going to take the money you use to buy bonds and invest it into companies with a greater return than 5%. They win, you win and it’s a fixed rate so you know the rate of return every day.

The platform is open to all U.S. investors and can be a great way to diversify your portfolio with a low-risk solution. Worthy only invests in fully secured loans (liquid assets having a value significantly greater than the loan amount), so the quality of loan and investment is always high caliber.

Summary

There are plenty of ways to start investing with little money, with many online and app-based platforms making it easier than ever. All you have to do is start somewhere. Once you do, it will get easier as time goes on, and your future self will love you for it.

Read more

Start Investing with Little Money

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No Minimum Low-fee roboadvisor with no minimum investment. Creates fully-automated portfolios based upon your desired allocation. Visit Site

$100 Minimum M1 Finance gives you the benefits of a robo-advisor with the control of a traditional brokerage. M1 charges no commissions or management fees, and their minimum starting balance is just $100. Visit Site

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Article comments

We invite readers to respond with questions or comments. Comments may be held for moderation and will be published according to our comment policy. Comments are the opinions of their authors; they do not represent the views or opinions of Money Under 30. Comments have not been reviewed or approved by any advertiser, nor are they reviewed, approved, or endorsed by our partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

Good tips, thanks

Investment is a good thing especially when you invest in the stock market and know the history and the performance of the company, its annual turnover.

Not going to McDonald’s… Exactly what I was talking about previously. No, you have good advises here, people in disadvantaged positions may not have choices other than the ones you describe above or may have to consider the choices you describe above but no one dreams about “not going to McDonald’s” or whatever other fast food joint (I’m kidding here) people prefer. I immensely enjoy all your and many other finance-related articles. I want to educate myself. I am dreaming about investing, and I have no background in it, so I want to read as much about finance-related topics as I can. I have basic knowledge of a lot of things but I’ve never done investing. I recently started reading stuff on investing. You no doubt have great articles, obviously, great language, great page design, FANTASTIC. You know what? These would be fantastic articles for classes in shelters where people, of course, are trying to get on their feet. Homeless shelters already have a lot of classes probably including financial ones, you have language and design here that is understandable by everyone, and you talk here, you know, about things that maybe relevant to people in homeless shelters. You don’t talk here about ways to buy mansions, do you, and a lot of inhabitants of homeless shelters work, you talk about things here many homeless can relate to-saving money, even investing. It looks like modern investing requires very little money, and no doubt, many homeless people may have a little bit of money, right? Many of them work. You have wonderful topics here for those institutions, absolutely. Add to such lectures a few Oreo cookies and/or candies, and you are all set, right? Hey, I am trying to be modest here, if that was me, I had permission and a lot of money, I would give homeless more than Oreo cookies but a lot of people do not think that way. All right, guys, thank you very much for your wonderful articles, how are you doing? I am doing all right, is everyone getting prepared for the holiday season? At first Columbus Day, then-Veteran’s Day, then-Thanksgiving, holidays are coming up! Thank you very much for your wonderful articles.

This is a really silly question but i honestly do not know the answer. If you invest in stocks or bonds and they go south can you end up losing more than your originL investment? Can you end up paying more?

Elle,
No with Common Stock and basic bonds you can never lose more than you invest. Most ways to lose more than you invest is to have controlling active ownership of companies or partnerships or invest in riskier things like options trading.

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