Cryptocurrency trading is one of the growing trends in 2020 as traders are looking for new assets to trade. The level of uncertainty in global financial markets is unprecedented, requiring a broader diversification strategy. Cryptocurrencies are uncorrelated assets that could serve that purpose and already we see traders migrating towards crypto-related derivatives. However, finding a broker that offers broad coverage of the cryptocurrency industry is not yet easy.
Only a few companies provide access to services tailored for the crypto market and one of them is Markets Pilot. Considering the company is focused on cryptocurrency, an in-depth analysis of their services is required to help traders assess whether this is the right company to trade with.
Company Overview
MarketsPilot.com is an online trading brand specialized in providing cryptocurrency-related instruments, owned and operated by Click World Ltd, a company based in the Commonwealth of Dominica. The main goal of the company is to provide the latest technology and all the needed modes or options to facilitate cryptocurrency trading. Its philosophy puts the customer at the center, with the customer experience as one of the top priorities.
Even though finances had been an industry that looks sometimes unreachable and incredibly complicated, the infrastructure developed by Markets Pilot is designed to help even people without prior experience in the field of trading or cryptocurrencies. With the help of account managers, expert advisors, a wide range of educational resources, and social trading features, the company had developed an ecosystem where individuals can learn how to trade cryptocurrencies.
Trading Platform
To meet the challenges of the cryptocurrency market, Markets Pilot had allocated resources and came out with a proprietary software solution. SIRIX is now available for clients via any web browser, mobile device (Android or iOS compatible), and via desktop. In a fast-paced environment, traders need a platform that can work smoothly as well as carrying a friendly user interface. SIRIX combines both, providing a unique trading experience.
The main advantage when developing a proprietary solution is that the company can integrate only the tools that had proven to be useful in the trading process. SIRIX left out all the useless features and focused mainly on features that are appropriate when trading cryptocurrencies.
Advanced charting could not have missed from SIRIX, considering that a majority of traders use technical analysis in order to find trading opportunities. Three different chart types (candlesticks, bars, and lines), nine different time frames, tens of different price indicators and drawing tools should help traders understand the order flow behind the price action to spot trade setups.
One of the features differentiating SIRIX from other platforms has to do with the integration of social trading features. That enables clients to follow and copy trades of professional traders. The social stream window provides instant updates with all the latest trading moves of the traders that are part of the program. With this feature, Markets Pilot aims to provide reliable help for beginners who don’t know how to trade, as well as for traders that want to see how others view the market.
Lastly, to save valuable time, the company had made it possible to deposit money directly from the platform, without having to log in to a trading account from the official website. Several customization features are available as well, to make the platform well fit on any type of device and to improve the trading experience.
Cryptocurrency Instruments
More than 100 different assets based on cryptocurrencies are available for trading at Markets Pilot. Starting from Bitcoin, Ether Litecoin, or XRP, and all the way to altcoins like Ethereum Classic, Lisk, OMG, Stellar, or Cardano, there’s broad coverage of all major and small-cap cryptocurrencies. That opens a wide range of opportunities since traders can find opportunities in many different markets.
Contracts denominated in US dollar, Euro, or Tether, and crypto-to-crypto contracts in BTC, ETH, XMR, or ADA are available, allowing to trade crypto against fiat as well as for cryptocurrencies against each other. Since we are talking about contracts based on cryptocurrencies, Markets Pilot can trade using a flexible leverage level, depending on the contract.
The trading features available for each client will depend on the account type held. Student, Advanced, Semi-managed, Fully managed, Pro, Expert, and 1 million club accounts are currently available, all with different features and minimum deposit requirements. For a student account, a client should deposit at least $1,000. Access to an account manager and a monthly webinar is included among the features.
Expert advisers, automated strategies, weekly reports, in-depth research, portfolio construction, and other premium features kick in for larger account holders. To get access, clients will need to deposit more funds to their accounts, according to the requirements available on marketspilot.com.
How Markets Pilot differentiates from competitors?
Markets Pilot is not the only broker providing access to cryptocurrency-based instruments, which makes traders ask why they should work with this company. The most important advantage of the company is by no doubt their wide range of contracts available. Few other brands had managed to include so many contracts in their trading offer.
Secondly, social trading features for cryptocurrencies are relatively new and can help beginners find trading opportunities by copying professional traders. Although profits are not guaranteed, it is a great way to see how experienced cryptocurrency traders manage to find opportunities. Combined with the educational resources provided, this could accelerate the learning curve and provide a reliable method to master the art of trading.
Summary
Given all the features described in our analysis, we can conclude that Markets Pilot provides a competitive offer for traders interested in cryptocurrency derivatives. The ecosystem developed by the company is tailored towards facing the challenges raised by one of the most volatile markets. The brokerage industry is more competitive now than ever, leading to companies like Markets Pilot to provide personalized trading tools and features. Make sure to check more information on the official website to learn more about the trading features.
