Moragan Stern Review
Do you know it is quite a big challenge for so many online trading services providers to maintain transparency in their systems? No matter how hard they try, there is always something that makes traders give it a second thought before they sign up.
However, I think I have found a company that has created a really transparent system in which you feel safe and informed at all times. I will tell you about this system in this detailed MoraganStern review, which you will find focused on the transparency of the system.
Keep in mind that I am not stopping you from researching yourself and finding out more about the company. Of course, there is so much more to know than just transparency, but that’s the factor I will be focusing on in this review.
KYC and AML Policies
These are the two big terms that you should know about before you even sign up with the company. The KYC policy stands for Know Your Customer, a policy that has been designed for online trading services providers to know their clients and customers properly before letting them sign up.
Why is this policy there? Well, it makes sure that no one with a shady background and personal details is able to sign up on the system to manipulate it or use it for illegal means. On the other hand, you also have the AML policy to ensure the security of your banking details.
When it comes to the AML policy, which stands for Anti-Money Laundering, you are talking about a system that has proper checks in place to stop money laundering on its platform. The company will ask you for complete details of your banking documents including their pictures. This way, Moragan Stern makes sure you are giving out only correct and valid banking details.
2FA Authentication and Account Monitoring
You will find so many online brokers that are only interested in talking to you before you sign up with them. Once they know they have turned you into a paying customer, they don’t care about you much anymore.
So, once you have opened a trading account with them, they will not look at you or your account. On the other hand, when you sign up with Moragan Stern broker, you will have proper account monitoring in place. The company monitors your account to make sure only you are using it. As soon as it notices any suspicious activities, it notifies you and seals the account temporarily for your safety.
In addition to that, it also has 2FA authentication in place, allowing you to log into your trading account only when you have given the code that has been sent to your mobile phone. This extra layer of security makes sure that even if someone has stolen your password, they will still not be able to log into your account because they will never receive the code on their phones.
Encryption and Funds Segregation
This is yet another area where the company really shows it cares about you and your security. Firstly, when you are giving out your personal details, you will not have to worry about them getting stolen on the internet lines.
The company uses the latest protocols of encryption on its website to keep your information safe. As soon as you enter any information on the website, it gets encrypted and thus no one on the internet can access the information. Last but not least, your funds are also safe with the company since it deposits all the customer funds into segregated and regulated bank accounts for their peace of mind.
I am not sure if there are many other companies who really keep their system transparent for their traders. However, once you have found a company that is so serious about your security, I think you should not let it go. In my case, I would recommend MoraganStern.io for its safety and transparency.