NiroTrade Review

Background

This was our first time at NiroTrade and we really liked what we found! Their trading platform is an industry leader and provides traders with an unbeatable range of indicators like Bollinger bands, MACD, moving average, patterns, Japanese candles, pivot points and markets trends. All trading is with real time pricing and there is high leverage available on most assets. The professional customer service team is on call 24/7 (better availability than most brokers) and they are keen to get involved and help new traders. We found the deposits and withdrawals to be fast and convenient and were impressed by the size and quality of the education center. There are some great ebooks and VOD courses, as well as daily news, videos and other analysis. Our security analyst checked out the site and gave it a 5 star rating for the Comodo SSL and commitment to trader privacy.

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Protection & Security

NiroTrade is a register broker that has worked incredibly hard to build a strong reputation for fair trading and excellent customer service. We were pleased to see the latest Comodo SSL security protocols, a comprehensive privacy policy and segregated accounts for all traders. Our experience with the customer service reps and account managers was really positive and we immediately noticed their proactive approach to client security. We’ll be happy to trade at NiroTrade any time.

Global Presence

With the current exception of the US and Canada, NiroTrade is a global broker. It has its strongest presence in Europe, but attracts loyal traders from across the world. The broker is genuinely welcoming to new traders and has a strong international outlook that covers the world’s biggest financial markets.

Account Types

NiroTrade has flexible multi-acccount types that are designed to match traders of different experience levels and budgets with the appropriate trading conditions. We opened a standard trading account and made a deposit without any problems. The whole process was fast and simple. We liked the fixed spreads and other traidng tools as well as the offers of help from our account manager. This included a one on one tutorial that we used to explore the broker’s exciting range of cryptos. We also strongly recommend using the free Demo Account to try out the platform and assets.

Minimum Deposit – $250

Deposits & Withdrawals

Deposits and withdrawals at NiroTrade are refreshingly straightforward! There is none of the unnecessary administration or hassles that we found at some brokers. You can control everything from your trader account and opt for credit/debit card, bank wire, and other payment methods like BPAY. We found that the customer service reps were very helpful and took the time to double check all our documentation and make sure that we were good to go.

Deposit

We made our first deposit by credit card and our funds appeared in our account on the same day. Bank wire was also easy and we were satisfied by the ease and convenience of the whole process.

Withdrawals

We had no issues withdrawing our profits from NiroTrade. The customer service rep talked us though the process and made sure that we understood exactly what our options were. NiroTrade took care of all the payment administration and sent an alert to say that it had been completed. They did their part within one business day and there were no glitches. It is worth noting that credit/debit card is faster and more convenient than bank wire.

Trading Platforms

NiroTrade’s proprietary platform is a real pleasure to use. We got a guided tour from our account manager who showed us the basics in a couple of minutes. When he was satisfied that we had some previous trading experience, he took us onto advanced indicators, the heatmap, social trading and trading reports. Social trading is an excellent feature and we had a lot of fun copying other traders and following opportunities that they’d identified. The platform is sophisticated, but is logically designed and very user friendly. Some of the extra features include daily analysis videos, calculators and a full economic calendar. The NiroTrade platform is one of the best that we’ve seen for a couple of years and we loved the secure and flexible trading environment.

Markets & Products

Because we were testing the platform, we took the time to build a diversified portfolio and try out every asset class. NiroTrade has a massive selection of assets and we began with some highly volatile cryptos and forex pairs. We added to our risk with high performance stocks, precious metals and energies, before balancing out with slower commodities and indices, as well as some more stable stocks. The choice of assets at NiroTrade is ideal for most traders and they will shortly be adding ETFs and Bonds. Pricing is in real time (we checked) and there is flexible leverage on all assets.

Edcuation Center

NiroTrade is one step ahead of the competition with its education center. It is a great resource for new traders and also has a lot to offer more experienced investors. We chose 3 of their VOD film tutorials at random and genuinely enjoyed watching them. The ebooks are equally well designed and communicate important information in simple language. We recommend asking your account manager for an individual training session and you should take the time to complete the trading courses – they will definitely improve your experience on the trading platform.

Customer Service

NiroTrade is one of the few brokers that operates full 24/7 customer service coverage. This is really great for people who want to handle all their account administration at the weekend, or catch some early/late trading on international markets. We contacted the reps several times with questions about the trading platform, deposits and withdrawals and requests for training and account upgrades. They were always helpful and we never had to wait in a phone queue.

Promotions & Offers

We didn’t find much in the way of promotions at NiroTrade. Every account type comes with its own welcome offer and there can be special promos for economic events and holidays. Our account manager explained that the broker is focussed on providing better trading conditions and new tools and indicators. It’s really worth getting to know your account manager and pushing for upgrades, one on one tutorials and webinars. These can boost your performance as a trader and open your eyes to new markets and opportunities.

Trading Tools & Research

As we checked out the trading platform it quickly became clear that NiroTrade invests a lot of time and resources in providing top of the range trading tools. The heatmap is a simple, but highly effective analytical tool, and the live charts are designed to allow you to go deeper into the data for sophisticated technical analysis. All the charts have multi time frames, covering timescales from minutes up to months of asset performance. We used the trading reports to analyse our own performance and look for strengths and weaknesses in our trading. This is a great tool that can save you a lot of money. Indicators like MACD, Bollinger bands and pivot points are ideal for more experienced traders. The other feature that we want to highlight is social trading. Copying other traders is a useful tool – and we also had a lot of fun doing it.

Overall Summary

PLUS:
NiroTrade is easily one of our favourite brokers. It has a fresh and dynamic attitude and some amazing technology. Security is excellent and the customer service is proactive and very switched on. We loved the assets and the platform and there are enough tools and features for professional level trading.

MINUS:
NiroTrade doesn’t accept US and Canadian customers. We’re looking forward to seeing Bonds and ETFs on the platform and maybe some more payment methods.

Pros & Cons

Pros

Real time pricing and fixed spreads

Loads of cryptos & forex

24/7 customer service

High level of security

Cons

No US and Canadian traders

ETFs and Bonds not yet available

NiroTrade

NiroTrade

Protection & Security
5/5
Global Presence
5/5
Account Types
5/5
Deposits & Withdrawals
5/5
Trading Platforms
5/5
Markets & Products
5/5
Edcuation Center
5/5
Customer Service
5/5
Promotions & Offers
5/5
Trading Tools & Reaserch
5/5

Minimum Deposit - $250

Recent Comments

Juan R.

November 17, 2020 08:00

5.0

Protection & Security

5.0

Deposit & Withdrawal

5.0

Trading Platform

5.0

Markets & Products

5.0

Education & Research

5.0

Customer Service

5.0

Although this is supposed to be a CFD broker, there’s a huge choice of trading products. I’m trading EUR/USD and GBP/USD and loads of bonds. The next vision will be commodities. Yesterday I did an amazing profit of $1380 on EUR/USD and gold.

Pros

Cons

Totally low cost trading

Need more languages

I got my withdrawal very fast

It's time to add ETFs

Love the choice of assets

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Alex S.

November 17, 2020 08:00

5.0

Protection & Security

5.0

Deposit & Withdrawal

5.0

Trading Platform

5.0

Markets & Products

5.0

Education & Research

5.0

Customer Service

5.0

I’ve been trading on the platform for over a half year. I was doubtful at first because I’d been told that you need MT4 software to become a profitable trader: I can really say it’s definitely not true! Trading here is really good and if anything, In fact, I’m getting more trading tools and live signals than I can use. I am a very low-profile trader and I pass on a lot of market opportunities. Even so, I make a nice profit most days and nobody pushes me to invest crazy sums.

Pros

Cons

No pressure to trade and no churn

I need more webinars on cryptos

Deposits and withdrawals are very fast

-

The custom platform is Grade A

-

Williams D.

November 17, 2020 08:00

4.8

Protection & Security

5.0

Deposit & Withdrawal

5.0

Trading Platform

5.0

Markets & Products

4.8

Education & Research

5.0

Customer Service

4.9

How much would you spend for being with a positive balance with your bank account? For me, it was only $1200! I have been trading with this broker for 4 years now, and I literally can’t stop trading with my brokerage. The profits keep on coming, and the trading environment is so professional and user-friendly, that I do this while I am at the office. 15 minutes to choose my daily assets, 15 more minutes to open all my investments, and I am back to work. I have already bought my girlfriend a new gold necklace with my profits and she loved it!

Pros

Cons

Trading is really amazing on the Niro platform

I want to see ETFs and bonds

They have great analytics and charts

I want to change my base currency

I can see all profit and loss in a second

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Chris J.

November 17, 2020 08:00

4.9

Protection & Security

5.0

Deposit & Withdrawal

5.0

Trading Platform

4.8

Markets & Products

4.8

Education & Research

5.0

Customer Service

5.0

When the COVID-19 begin, I decided to move to a different broker, Which I thought is more trustworthy. The move from AvaTrade to [Brand_Name] was the best choice I’ve made in my career! I can smoothly trade on assets, use all their premium tools and analyses, and make high profits without being scared too much if I’ll ever see the funds in my bank account. I hope that when this Pandemic goes away, I will be able to buy the new iPhone I always wanted.

Pros

Cons

NiroTrade lets you focus on making money

MT4 might be a good option

The customer support service is superb

They need more anonymous payment systems

There are always new assets to try out

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