Nano4x is actually a discount Forex broker and it can help you in more than one way: it can help you learn about the trading market, become a partner; therefore, he will become his own boss, earn money and more. He can even test it with the practice account he can open, just so he can get an idea of how things are going.
The practice account allows the user to set any leverage for their account, as long as it is between 1:1 and 1:500. The account can be set up with any deposit and benefits from live quotes. This trial account can be used for free, but only for 24 hours.
If you liked the “test drive” or if you’re pretty good at it, you can sign up to become a partner. Members benefit from various rewards that are added instantly to their accounts and can be withdrawn at any time from the account.
If you really don’t want to become a partner, you can simply open a live account to start trading and experience the next step to retail Forex trading. This account allows 1:500 leverage, but the minimum lot has to be 0.01. You have a lot of freedom in the use of this type of account, since you have no limitations to place limits, stop orders, use strategies and, in addition, you also benefit from tight spreads and no commissions. When you open this type of account, you can choose between a standard, standard EUR or a micro account. Your leverage can be between 1:1 and up to 1:1000.
When opening any type of account, you will be asked for various personal information, in addition to having to accept the agreement. In addition to the required fields and common items, each account type may ask for some additional details that are either optional or required. The accounts have no commission on deposits and generally credit you for the amount of money you deposit. You even have several options to deposit money: through moneybookers, Visa, MasterCard, WebMoney and Liberty Reserve. However, you have to read carefully when you choose the desired deposit option, since Visa and MasterCard have a commission of 5% and when you deposit or when you withdraw money, you must use the same currency. Also, you can only make a transaction for yourself and no one else.
As one accesses the main page of the site, one will see live quotes and actions, for 18 different currency converters. The ones that go up will be marked with a green arrow pointing up while the others will show a black arrow pointing down. One can see more black arrows than green ones, in most cases. The front page also keeps you updated with various news and tells you when the next news update will happen, with a real-time countdown timer.
Just like any other site or platform that deals with money, even this one has its good and bad points. Most of the good points have been mentioned. Negative points would include the fact that while it is said that commissions are not paid when you deposit money, they actually are, depending on the method used. Also, while you can feel confident that your funds are safe where they’re supposed to be, it seems like a hassle to withdraw money as each method has its own regulations and most of the time, you have to reveal your identity. this is still a security measure.