Trading securely is more important than you might think. If you are just starting out in the world of online trading, you might find yourself overly focused on making huge profits. Trading is just like any other investment in the world where if you are looking to make huge profits, you will have to take huge risks too. However, being able to trade with security is something that remains a constant for every trader on every platform. My Richardson Lewis review will discuss how this platform allows you to trade securely on its trusted software.
Keep your focus on trading and avoid the distractions that come with being a new trader. Once you have made the right choice of your broker, other things will fall into place automatically. So, let’s review Richardson Lewis.
Account Security in Many Ways
You get full account security when you sign up with this broker and this security is given to you in many ways. Firstly, you will notice that the broker has 2FA authentication in place. This type of authentication means that you will have to enter your regular password as well as a one-time code that gets sent to you after you insert your primary password. The one-time code is sent to your phone so only you can use it. This secures your account and makes sure that no one else is able to log into your account and manipulate it even if they have somehow obtained your password.
Secondly, you will be glad to know that the broker has 24/7 security of your account in place which is always working to notice anything suspicious. As soon as it notices something unusual, you are informed about it, and only after your confirmation does the account’s regular operations become available again.
Your Data Is Secured
You do know that the platform will require you to sign up using your personal and banking details. These are sensitive details that must be protected at all costs. The 256-bit encryption and SSL certificates on the website are there for this purpose only. They provide you with data security as your information travels on the internet lines. Furthermore, the servers used for storing your data are among the strongest and most secure servers in the world. You will be happy to know that Richardson Lewis does not limit your security only to the level of your data. It goes an extra step to protect your funds as well.
When you deposit funds in your online trading account, the first thing you want to know is how the broker will keep this money and where. Will the broker use the money for its daily operations? Well, that’s not possible because your amount is kept in segregated accounts by Richardson Lewis. This account is dedicated to the funds from traders only. Furthermore, the banks chosen for your account are among the best in the world with proper audits and regulations in place.
Compliance with AML and KYC
This is something really important that I want to tell you. When you sign up with a broker, they ask for your personal details. They do this because it is required in adherence to the KYC policy. KYC stands for Know Your Customer and the broker has to know your physical address, personal ID number, and name before letting you sign up with it. Secondly, you are required to give correct banking details in a particular order in compliance with the AML policy, which stands for Anti-Money Laundering. The adherence of these policies by Richardson Lewis ensures that your interests are protected on this platform.
Yes, there is nothing wrong with you looking at increased profits and minimized losses when you sign up with a broker, but don’t ignore other important things. Your security matters just as much as anything else. When that factor comes into play, I think there are not many other competitors that are doing as well as Richardson Lewis.