For new traders, choosing your first broker is a meaningful decision, but it can be a daunting process trying to understand which to use. Each will advertise their own individual USP, each will sound alluring, and you will be at a loss for how to weigh one against another. To simplify the process and show you how we offer a whole-package, we want to give you ten key reasons why Rich Smart is the preferred choice of so many traders, both new and experienced.
From our ease of use to our tight regulative frameworks, there is a lot we are proud of here at Rich Smart. These ten reasons have been chosen as key indicators of our performance, commitment and ability to deliver for traders across the world.
1) Rich Smart Finance is On the Side of Traders.
With a vision to open the global market so that everyone can trade in a simple and transparent way, Rich Smart recognizes the need to enable traders through transparency coupled with excellent spreads, execution and services so they can maximize their own potential.
Rich Smart has firmly positioned itself on the side of traders. We see that when they succeed, we do too. Coming from this place gives us many advantages over the competition which compound to create a superior trading experience. This is why we have put together a framework of the most effective and user-friendly platforms and tools that create an interface enabling you to take things into your own hands.
2) Rich Smart is Established.
Having been founded almost ten years ago, Rich Smart is a broker with a track record. It shows we deliver the best to traders. Over the period of our development we have developed; highly experienced leadership committed to backing up traders, sophisticated interfaces for you to make the most informed decisions possible, and excellent teams ready to help you with customer support.
We are one of the most recognized brokers in Asia operating in many countries there, as well as in Australia, New Zealand and across the Middle East.
3) Rich Smart uses MetaTrader 4
Metatrader 4 is the most popular trading platform used by brokers across the world. It is renowned for its ease of use, as well as its sophistication and adaptability to suit traders and their individual needs. Whether you are trading Forex, Stocks, CFDs, or Commodities – each of which we will look at later – MetaTrader with Rich Smart is a convenient interface through which you can trade, deposit, and withdraw with ease. For new traders, it is also easy to access MetaTrader tutorials to help guide you through the process of becoming a savvy trader on the international markets.
4) With Rich Smart the World of Trading Is Open to YouWith Rich Smart you are not just limited to the currency market. You can trade:
– Indicies: a group of individual assets
– CFDs: Contracts for Difference, agreements to settle the difference between asset prices across a period of time
– Commodities: assets tied to physical resources
– Precious metals such as gold and silver
– Cryptocurrency including Bitcoin and Etherium
5) We are ASIC regulated
The top three regulatory bodies for foreign exchange markets in the world are the CTFC (US), the FCA (UK) and ASIC (Australia). Being based in New Zealand, we are regulated by ASIC. This is not only because we are committed to holding ourselves to the highest possible standards but also because we want to show this commitment to our traders so they can have peace of mind and focus on achieving their own goals in the markets they choose.
6) We are an STP Broker
STP accounts are seen as being more beginner-friendly and opening and STP account with Rich Smart would be an excellent way to start your journey.
As a Straight-Through Processing (or DMA: Direct Market Access) broker, we work with a model that provides you with clear and direct order execution in markets. We take your order and settle it with our liquidity providers. This increases the efficiency of trading because it negates slippage – the difference between where you have ordered to close an order and where it actually closes – and allows for a high level of transparency.
STP brokers also allow for instant execution and our site is set up so that deposits and withdrawals are fast and easy. This is because it is our goal to be on the side of traders and allow them a high degree of autonomy as they retain the maximum share of their profits possible, with ease of transactions at all times.
Rich Smart does also offer ECN accounts. With these, we connect you with the liquidity provider via an Electronic Communications Network. However, we recommend starting with a low-spread STP account, our ‘standard’ account linked on the website Home Page.
7) We Protect You from Negative Balance
Negative balances can occur in the forex market. The consequences of these can be serious in some cases as they introduce a means by which investors are exposed to potential liabilities that they might not prepared to meet.
With our dedication to ensuring that traders with Rich Smart can focus on what they arehere to do, for all of our benefit, Rich Smart has an insurance fund of $2,000,000 to ensure that you can trade securely. This is good for the trader and broker alike and our ability to offer this protection is something we are truly proud of.
8) Rich Smart Offers A Partnership Program with Support and No Ceiling
Becoming a Rich Smart partner is a way to more directly build with us. Your commissions are unlimited, you will be assigned a Personal Account Manager and there is an instant payment plan on which you can rely. There is also expert customer support available to help you, available 24 hours a day across all weekdays.
Introducing Brokers (IBs) in partnership with us generate their income by referring traders to us. Whereas some trading experience will be needed first, having a partnership program in place with Rich Smart that is ready-to-go can provide you a seamless transition into business with a partner you have built-up trust with, and can have faith in. Becoming an IB often allows people to bring skills they have already developed into the industry so that they can bolster what they have learned with what they already know.
9) We Foster Community
Being always on the side of traders, we want them to be able to focus on what they do best – trading. This is why we offer a platform they are entirely comfortable with financially that is totally reliable, it is why we provide insurance, and it is why we ensure we have high- quality customer support readily available. It is also why we foster community among our traders.
Whereas everyone should make the most of their own abilities in forex this is not necessarily something that has to be done alone. Traders are free on Rich Smart to share their own strategies and performance. On the ‘social trading’ section in our websites results can be compared, contrasted and sorted so that performance can be assessed by way of the metrics that you value most. This can instill just the right amount of competition to keep performance sharp, whilst also giving you real-world data revealing just what is provenly possible with Rich Smart over a period of time. Copy trading of our top performers is also offered there, so you can share the experience of a successful traders and feel their progress yourself. All this is to support the skills and knowledge of Rich Smart traders.
10) At Rich Smart Finance We Are Pioneering Financial Excellence in Style
With everything we have showed you across these ten points, we hope you can see that Rich Smart is a company that looks to give traders the confidence to do what they do best, with panache. We all achieve by being able to having confidence in ourselves, backed up by solid substance underneath everything we do.
Please explore our new website for yourself, see our Honours & Awards, explore the seamless options we have to get you started on your trading journey and to help you make the most of it at each step. See the success of our other traders, invest in them if you choose. Above all, enjoy the experience. We advise that you start with us by opening a standard account from our HomePage. We will then have you up and running, and building a relationship with your broker as you build your experience and – in whatever time – your returns.
