Overview of Spring Chart View
Established in 2014, Spring Chart View is a brokerage platform of United Kingdom that offers trading services in cryptocurrencies, forex, commodities, and indices. It provides advanced trading tools, low fees, and instant order execution.
However, it is important to note that Spring Chart View currently lacks regulatory oversight, which can pose significant risks to traders regarding security and legal protections.
The platform is designed to handle high trading volumes and provides a robust system for both beginner and professional traders. Customer support is available via email.
Regulatory Status
Spring Chart View lacks regulation operates without oversight from official financial regulatory bodies, such as the SEC in the United States or the FCA in the United Kingdom. This absence of regulation means the broker is not subject to the stringent rules and standards that ensure fairness and the protection of clients' funds.
Pros and Cons
Pros
Various Tradable Assets: Traders can choose from a range of global markets offered by Spring Chart View, including Forex, Crypto, Stocks and Copy.
Low Fees: The broker claims that their fees are from 0.001%.
24/7 Customer Support: Their customer support team works 24/7 to provide clients with an exceptional level of support.
Fast Order Execution: The broker offers ultra-fast order execution which is < 7.12 ms on average.
Cons
Lack of Regulation: It has been varified that Spring Chart View is not regulated by any major authority. This lack of oversight increases the risk of potential fraudulent activities and reduces investor protection.
Cost Opacity: There is not almost any information about the trading fees on its website.
Single Account Type: The broker does not provide information about other accounts other than basic accounts.
Market Instruments
Spring Chart View offers trading in various financial instruments including foreign exchange (forex), cryptocurrencies, stocks, and copy trading. It highlights tight spreads and a wide range of global markets to trade on. Briefly, forex allows users to trade currency pairs with minimal slippage, while crypto lets you buy and sell popular cryptocurrencies like Bitcoin. Stocks are traditional company shares, and copy trading allows you to mimic the trades of other users on the platform.
Copy Trading
Spring Chart View offers copy trading, which allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader. But by copying another trader, you could potentially make money based on their skills. In fact, no advanced knowledge of the financial market is required to take part.
How to Open an Account？
To open an account with Spring Chart View, follow these steps:
Visit the Spring Chart View website: Navigate to the Spring Chart View website using a web browser.
Locate the account signup option: Click on the “Open free account” button. This is in the middle of homepage.
Fill out the application form: The application form will typically ask for personal information such as your name, address, email address, and phone number. You will also be asked to provide financial information and complete a short quiz to assess your trading experience and risk tolerance.
Fund your account: Once your account is approved, you will need to deposit funds to start trading. Spring Chart View offers various deposit methods, such as bank transfer, credit card, or e-wallet.
Leverage
Spring Chart View provides three sizes of leverage, which are 1:20,1:50 and 1:100. If an asset increased from $7,000 to $7,045, your return would be equal to 0.64% without leverage and 12.8%, 32%, 64% with leverage of 1:20, 1:50 and 1:100, respectively.
Trading Plarform
Spring Chart View provides an award-wining platform that is used by traders from the world. Traders can trade global markets including Cryptocurrencies, Stock Indices, Commodities and Forex from their mobile devices.
Customer Support
The Spring Chart View team is committed to providing 24/7 customer service. For all questions, security issues, product related inquiries and business proposals, you can reach the broker at info@springchartview.com or support@springchartview.com.
Educational Resources
Spring Chart View offers tools for traders to stay informed about market trends and make better-informed decisions.
Top Notch API: Using API's for Social Networking is cool but it's more better when this technology is converged into crypto trading.
The Spring Chart View Tool: The Spring Chart View bot is a groundbreaking powerful trading bot that utilizes advanced algorithm technology to provide in-depth and quality market analysis.
Conculsion
In conclusion, Spring Chart View, established in 2014, offers traders a diverse range of assets including Forex, Crypto, Stocks, Commodities, and Copy Trading with low fees starting from 0.001% and fast order execution. However, its major disadvantage lies in its lack of regulatory oversight, which poses significant risks to traders in terms of security and legal protection. It is advisable for traders to carefully evaluate their risk tolerance and seek professional financial advice before engaging with Spring Chart View.
FAQs
Q: What types of assets can I trade on Spring Chart View？
A: Spring Chart View offers a diverse range of tradable assets, including Forex, Cryptocurrencies, Stocks, Commodities, and Copy Trading options.
Q: Is Spring Chart View regulated？
A: Currently, Spring Chart View is not regulated by any official financial regulatory bodies. This means it operates without oversight from regulators like the FCA in the UK or the SEC in the US.
Q: What are the maximum leverage levels offered by Spring Chart View？
A: Spring Chart View provides leverage up to 1:100, allowing traders to amplify their trading positions. However, please note that trading with leverage can increase both potential profits and losses.
Q: How can I contact customer support on Spring Chart View？
A: You can reach out to Spring Chart View's customer support team via email at info@springchartview.com or support@springchartview.com. They provide 24/7 support to assist traders with any queries or issues.
Q: What trading platform does Spring Chart View use？
A: Spring Chart View utilizes a web-based trading platform that is designed to handle high trading volumes and provide a robust system for both beginner and professional traders.
