Brokerage companies today aim to provide the best of resources to traders through online trading platforms. These platforms are changing the way traders buy and sell assets by categorizing the best of deals for their clients. Traders can now gain experience through technical analysis with the help of charts and other tools in order to make price predictions. As a trader, you must be theoretically equipped to understand how securities can go high or low, which will further encourage a long-side trade or a short sale. However, understanding the reality of prices is just as essential, for it affects buyers and sellers alike by chopping sideways at times or whipsawing violently in both directions.
When I was first starting as a trader, I had no significant knowledge in this regard. I realized I was just throwing money at securities without understanding why the prices are going high or falling low. This put me at greater risk in the market, and I found myself losing a lot more than gaining. Online brokerage companies were my saviour for their automated systems that were optimized to provide the best resources for learning and investing. However, with the influx in the number of online trading platforms, the competition became greater.
Today, there are too many trading platforms to choose from and traders have become equipped enough to take on the market with skill and authority. This is why they know how to assess their own trade requirements before making a choice. I for one found myself really confused in the beginning while assessing my own trade requirements and made choices that did not prove to be fruitful in the long run. This was around the same time when my friend recommended RosewoodTrust to me and told me of the advantages that come with the platform.
I wanted to overview the features of this platform based on my first-hand experience and provide an unbiased review to new traders looking for credible trading platforms.
When you first access the RosewoodTrust server, you will be directed to their landing page, which has a welcoming interface. The platform has a dark backdrop with lighter tones of graphics which make for a pleasing layout. The tutorial video, in the beginning, is a nice touch for new traders as they will be able to grasp what the platform is all about through that introductory video. Other than that, the integrated graphics make for an engaging interface for which you can easily make selections. I would have preferred had they introduced more colours into their graphics other than blue. The redundant blue in the design causes overlap that can confuse traders while selecting options.
If you are looking for the date and time option, you will notice that there is none. Also, there is no language selection option, which could be an inconvenience for traders looking for a variety of options in that regard. Since this platform is designed to accommodate traders from around the world, this exclusivity with respect to language might not be something that traders find appealing. The platform seeks to offer a first-class trading experience to traders of all levels, so it doesn’t matter if you are a beginner who is just starting out or an expert trader looking for better deals.
The asset allocation lists are pretty engaging as they scroll through the bar on the main page itself. You can get an overview of the 200 tradable assets that this platform offers. You will find the interactive features very engaging, and it will persuade you to check out more service options. The trading experience that this brand seeks to provide is client-oriented, which is why you will have the support option at the end of the main page.
The platform has been executed quite well and you will find that all popular trade opportunities including Indices, Stocks, Forex, Crypto and Commodities are available for traders from around the world. I did not find the backdrop very appealing, as they could have used more colours, but that is just a personal preference. The chart is probably the best feature, for it allows a quick evaluation of trade data and I was able to make trade reports a whole lot quicker using the chart. The best feature of the chart has got to be its customization, for I was able to set the type which suits me the most. From the 5 available chart types of Line, OHLC, Spline, Scatter and Candlestick, I chose the line type for it was easier to interpret for me. I find this to be the most considerate aspect as not only chart type, you can also set the chart indicators according to your preference.
The chart indicators include more than 30 options for you to choose from. However, I was a little disappointed with the colour scheme in this section as well. The green and red labels did not fit well with the backdrop and are difficult to interpret at certain times. I felt like they could introduce brighter colours to make the platform theme more appealing, but that is just a personal preference of mine. The left panel gives you the option to access Trade, Positions, Closed Positions, Deposit, Funds, and Account Statement, and you can easily make your selection from this end.
The platform does not provide an option to access support from this page, and I found it an inconvenience having to redirect myself from the platform all the way to the support page. The page then takes time to load for it refreshes the stats according to the latest market report.
The account types are categorized into 4 packages for customers to choose from. So, if you are looking to be a part of this platform’s extensive network of clients you will have to choose from their assortment of account packages which include Savings, Passive Income, Retirement, and Wealth Builder.
When I was first starting out with this platform, I decided to check out their Savings account, which had a minimum deposit balance requirement of $250. This account is standard-set for a trial run, as you will be able to access competitive spreads up to 1.5% and get yourself a market review. Not only that, but you also get flexible leverage up to 1:100 which will help you make better investments.
Once I was satisfied with the trade conditions provided by RosewoodTrust, I decided to upgrade to the Passive Income account as I found it to be most suited for my trade requirements with a minimum deposit balance requirement of $5000. I found the upgrade process very convenient because it made sure that the minimum commission was deducted and reduced the entry fees substantially. RosewoodTrust makes sure to take affordability into account while designating fees for services.
There are platforms that integrate the live chat option directly into their server and it is available to you from every page you access. RosewoodTrust on the other hand does not offer this option and you will have to access the Contact Us page to register your complaints and fill in forms for your queries. The chat option itself is also designated separately in the pop-up list that contains all the service options. The platform has not introduced instructive tools to highlight the availability of that option, which can be a problem for beginner traders.
RosewoodTrust provides customers with a range of methods to establish effective communication with the company’s brokers. You can contact them through a phone call, live chat and email and easily put across your queries. I always preferred the live chat method, as I am a little apprehensive when it comes to properly getting my point across via phone call. If you are calling from outside Australia or the United Kingdom, you will not be able to get through as the call method is exclusive to these two countries.
The platform offers compliance via email, which is available round the clock, and you will get a response within a day. The live chat, however, has designated time from Monday to Friday 09:00 -13:00 GMT and you will get a response within a few minutes with this method.
RosewoodTrust is a broker I have been associated with for a little over two years now, and the transparency of this broker continues to impress me. They make sure that they take considerable efforts to ensure policy implementation and safeguard the trust of their clients. The company continues to grow and has incorporated hundreds of financial instruments. Traders looking to expand their profiles should definitely give this platform a chance, for its astounding features are surely viable for efficient trade operations.