Currently, Bullquote.com appears to be one of the top online brokers in the industry, and its popularity appears to be growing rather fast.
However, like with any of the new or emerging platforms offering cryptocurrency trading, a multitude of issues and questions typically follow the brand.
So, is Bullquote scam or legit?
When trying to test out new brokers, it is more than reasonable to be wary. Naturally, whenever capital is at issue, the stakes are extremely high. The goal of this post is to determine if Bullquote is up to your standards, or whether they’re another subpar brokerage attempting to capitalize on the cryptocurrency trend.
In this Bullquote review, we explore some of the key aspects of the broker to show you how it stands above the rest.
Multiple Trading Assets
Bullquote distinguishes itself from other cryptocurrency exchanges by allowing users to trade a large variety of assets.
In addition to providing plenty of cryptocurrencies for diverse investors, they also provide a vast array of other assets, including commodities, stocks, ETFs, and more.
This is ideal for those who want to invest in a variety of assets, as it eliminates the need for them to trade in more assets elsewhere, which can save time, effort, and money.
Nevertheless, there isn’t a doubt that Bullquote prioritizes the cryptocurrency sector. Bullquote is a cryptocurrency platform first and foremost, as evidenced by its vast selection of available coins. You will find all the major cryptos as well as the minor ones on the Bullquote trading platform.
In addition to its extensive collection of cryptocurrencies, commodities, and ETFs, Bullquote provides some of the most precise tools available for monitoring and tracking second-by-second price fluctuations.
Bullquote is a great place if you’re a perfectionist who likes to time things exactly and make investments just when all the stars are aligned. You won’t find a site with more precise trading instruments and a more extensive asset list anywhere else.
Keep in mind that currently if you do not have sufficient experience in trading, you will find it hard to enter the market because of turbulent market conditions, particularly in the cryptocurrency sector.
Bullquote, on the other hand, surpasses the majority of crypto sites by describing in depth what each tool is and what it does; even total beginners can rapidly grasp the fundamental ideas.
Tools such as pip numbers, spreads, and leverages are all discussed in an easy-to-understand manner on their website, and they do a wonderful job of teaching foreign ideas to newcomers to the business. Bullquote is, therefore, in the rare position of being able to serve both novice and experienced investors.
This applies beyond their crypto selection. It also applies to all of the trading assets they provide. It’s a very remarkable feature for an all-inclusive service like Bullquote, and it is unusual to find such a wide array of tools on any cryptocurrency site, much less one that offers a wide variety of assets. Combined with the brand’s security standards, the availability of trading tools results in an excellent trading experience.
Beginner-Friendly Set Up
Another aspect of Bullquote that sets it apart from the rest is its ease of use. Bullquote is a beginner-friendly trading platform despite the fact that it offers a choice of sophisticated trading tools and precision instruments.
Their Webtrader platform is easy to understand and use. They also offer easy-to-read charts for different timeframes.
Experienced investors can start using all the available tools to begin trading immediately, while beginners can work at their own pace to familiarize themselves with all the fundamental ideas and ease into trading gradually.
Bullquote offers a space for individuals of various levels of expertise. They put in a great deal of effort to make everyone succeed in their trades regardless of their level of expertise.
Advanced Technology and Complex Equipment
Bullquote’s concentration on providing its users with cutting-edge technology is one of the most distinguishing characteristics that set it apart from the competition.
Trying to describe Bullquote as a high-tech platform would be an understatement. Anyone who visits their site will quickly see how much time and effort was invested in making sure that they give the best trading experience for their users.
They have optimized the entire transaction process to enable quick executions, they provide customers with a choice of advanced tools to track and follow the markets, and they allow consumers the option of trading with spreads, pip digits, and leverage. These are just a few of the numerous ways in which Bullquote excels in terms of technology.
No Expense Spared on Security
Is Bullquote safe?
We can confidently say that the platform has invested a lot in keeping customers’ data and funds safe. In addition to providing consumers with a variety of innovative tools and an efficient platform, Bullquote takes security extremely seriously, as is clear.
Bullquote employs only the most stringent standards with regard to client safety, and they have a myriad of failsafe in place to prevent potential problems. Bullquote claims a high level of security and privacy using sophisticated encryption and attentive firewalls. According to our tests, we are pleased to report that they also deliver.
Despite our extremely favorable impression of the Bullquote trading platform, infrastructure, and service level, we must point out a few deficiencies. To begin with, they do not provide their own app. Their WebTrader is mobile-friendly, but those who like an app should be aware of this.
Secondly, there is no on-site chat. The service representatives provide assistance via multiple channels of communication, including phone and direct message, and they are always quick to answer. However, the addition of a chat feature would improve the situation.
Despite this, we are confident in recommending Bullquote as a reliable broker. Their advantages far outweigh their disadvantages.