Garantio Finance Review
Safety features should be the point of focus for any trader who is signing up with a company for the first time. I find it quite shocking that so many traders are completely unaware of the security requirements that a broker should meet. Focusing too much on making profits is not going to do you a lot of favor. Unless you are on a platform that’s safe for you, I recommend you keep searching and researching. At this moment, I am writing this Garantio Finance review to tell you about this company and how it has some great focus on the safety features that satisfy the curiosity you might have as a new trader.
Encryption of All Sensitive Information
Now that you have made up your mind about trading online, I highly recommend that you familiarize yourself with the term encryption. This is the method through which any information you provide on the internet is converted into codes that no one can understand other than you or other authorized parties, such as your broker. In the case of Garantio Finance, you have their website with proper SSL certificates in place. This means any data that you provide on the website is properly encrypted and protected for your security and peace of mind.
The encryption takes place as soon as you give out your details on the website. If you are not sure about the type of information that you will have to share with the broker, let me be of some help here. Firstly, you will have to share your identity information including your identification number. Secondly, you will have to share your banking details. More importantly, you will have to share these details in the form of pictures as well. So, encryption is something that is going to help you a great deal in hiding your information on the internet lines.
Segregation of All Trader Funds
I urge you to know about this particular feature no matter which broker you sign up with. When you sign up with an online trading services provider, you want to ask them where they will keep your money. If you get the impression that your money will go into the same accounts where the company has its own funds, you should stay away from signing up with this company. That’s because professionalism demands that the company does not mix the funds of the traders with its own money. That’s what the best trading platforms on the internet do.
If you look at the details on the Garantio Finance website, you will notice that the company puts your funds in segregated accounts. These accounts have been designed specifically for you. As soon as you make a deposit in your trading account, the money goes into these accounts. You will be glad to know that these accounts are maintained by the company as regulated banks. This means you have a double layer of security on your funds i.e. a segregated account and a regulated bank on top of that.
Adherence to KYC and AML
As soon as you start exploring the Garantio Finance website, you will realize that these companies adhere to the KYC and AML policies. If you ask me, I would clearly state that you should not sign up with companies that don’t adhere to these policies. These policies have been designed for online financial services providers to make their platforms clean and money laundering free. The KYC (Know Your Customer) policy is designed to recognize every trader before they sign up, whereas the AML (Anti-Money Laundering) policy exists to stop anyone who wishes to use the platform for money laundering purposes.
These are some really important security measures that every online trading platform should take. More importantly, you should inquire about these features before you even seriously consider signing up with an online company for trading services. If the company does not offer any safety, you should keep looking until you reach the right platform.