Founded fairly recently, AssetShot is an online brokerage that provides quick and easy trading across a wide range of financial instruments. This includes forex, commodities, indices, futures and several other asset classes.
Set up with a vision to make trading an accessible and enjoyable experience, AssetShot provides a relatively simplified trading experience that focuses on using cutting-edge technology to offer excellent pricing and trade execution frequency.
However, this comes at the cost of some of the more advanced features and tools that are supported on other platforms.
Despite this, AssetShot is an all-round solid broker that performs well across the board. But what exactly does it have to offer traders looking for a new platform to trade with? Keep reading this AssetShot broker review to find out!
AssetShot sells itself on the basis that it is a broker that harnesses the power of cutting-edge trading technology to offer the best pricing structures and trade execution strategy. Does it actually live up to this claim?
The trading conditions that users will be able to benefit from will depend on what type of account they have open with AssetShot. In total, there are four different account types, each of which has a specific fee and pricing structure associated with it.
The Bronze account is aimed at the novice trader getting started for the first time or the more casual trader who only likes to occasionally dip their toe into the markets. This is a commission-free account with spreads starting from 2.8 pips, and the execution is STP, which generally reflect market rates. It requires a minimum account balance of $250.
The next level up is the Silver account. This is for the more serious trader with a couple of years under their belt and someone who is looking to make a bigger commitment. Spreads start from 2.5 pips, with zero commissions to be paid on trades. The Silver account starts from a $2,000 deposit.
The Gold account is aimed at someone trading fairly regularly. It is also commission free, with spreads starting from 1.5 pips. This is available when you have a minimum deposit of $10,000.
By far the most competitive in terms of fees and pricing structure is the Platinum account. Once you get over the initial hurdle of the $50,000 deposit requirement, you will be able to benefit from commission-free trading, with spreads starting from 0.1 pips.
While these figures are good without being extraordinary, AssetShot’s transparency is what’s particularly impressive, especially regarding its fee and pricing structure – this is really easy to find and is presented in a format that is simple to understand. Another big bonus is that there are zero fees on deposits and withdrawals.
Once you have set up your account, fully verified it, and made a deposit, you will then be able to make trades in real time on the AssetShot platform.
To make trades from your account in real time, AssetShot provides all users of the platform with access to the MetaTrader 4 (MT4) trading terminal. The MT4 platform is by far the leading trading platform used all over the world.
MT4 is known for having an incredibly user-friendly interface that can be completely customised depending on what configuration you need it in. This strikes a perfect balance between being accessible enough for beginners and novices, and being able to adapt to the needs of the more experienced trader.
The MT4 platform is the perfect trading environment to conduct in-depth price analysis and to follow the markets in real time. Once you are ready to make your move, trades can then be executed.
Some of the benefits of the MT4 trading platform include numerous pre-installed indicators, analysis tools, flexible order types, and support for multiple chart setups to give you a high-level overview of the markets. MT4 also provides full support for Expert Advisors, which can be downloaded and installed directly into your MT4 terminal.
In terms of how this choice stacks up with the competition, MT4 is a fairly standard platform choice across the industry, so there are no great surprises here. MT4 is well-known and trusted for a reason. It is reliable, easy to use, and fully adaptable to your needs.
Mobile Trading App
In addition to the desktop MT4 terminal you are provided with access to, AssetShot users can trade via the mobile and web versions of MT4.
The AssetShot MT4 app for Android and iOS provides a perfectly scaled-down version of the desktop terminal that provides all the trading functions you could hope for. It gives you a fully functioning trading terminal where you plot, plan and execute trades with ease.
For those of you looking to take your trades on the go, this is the perfect platform to execute trades in real time, regardless of where you are in the world. Provided that you have solid mobile internet or a good Wi-Fi signal, you should be able to trade comfortably wherever you are.
In addition to the dedicated app, MT4 comes with a browser-based trading platform. Although not strictly a mobile version, the web trader is a solid choice if you have a tablet or other large mobile device you want to trade from, but don’t want to mess around with configuring a standalone app.
As any trader worth their salt knows, one of the most important aspects of planning and executing a trading strategy successfully is doing proper research. It is only once you have a decent sense of what is going on in the market at any one time that you will be able to execute a trade successfully.
With that said, it is incredibly important for a trading platform to provide users with adequate research materials.
In terms of AssetShot’s offering, while there are some resources made available, there is definitely room for improvement. MT4 comes with plenty of trading resources built in, including live market updates and news feeds, which should suit the needs of most users. However, in future versions of the AssetShot platform, it would be good to see the research resources expanded.
For novice and intermediate traders, however, the research resources currently on offer should be adequate.
If you run into any issues with your AssetShot account, there is a well-resourced and knowledgeable customer support team on hand to help you work through any issues.
The customer support team can be contacted via phone, email, and even by post. However, of these, the most efficient way of getting in contact is either by direct email or by using the question box on the AssetShot website itself.
Generally speaking, queries were responded to efficiently and the answers provided were thorough. The customer support team is available 24/5, which serves the needs of traders during trading hours.
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