Garold Kimps: We have to face significant changes in trading [Interview]

This year, all financial markets have experienced the effects of the COVID-19 pandemic. As many people are forced to stay at home, the online space has become the center of attention as interest in investments and trading has increased. How to adapt to the new rules and trade safely? According to Garold Kimps, CEO of an international broker PatternFX, traders now have a full spectrum of opportunities and tools to take advantage of the current market developments. We invite you to read the interview with Garold Kimps.

- What made you start your own company and what was your journey so far?

Well, the idea for PatronFX goes back almost 5 years. Me and my partners have been trading for many years. Thanks to our extensive experience in sales and management, we are constantly thinking about creating a new brokerage company that will give its clients real opportunities to conduct effective trading. This is how we started. It was also important to us that the services were based on regulations and licenses, so the company was authorized by the Cyprus Securities and Exchange Commission (CySEC). This helped PatronFX to offer both security and flexibility to its clients, for example providing them with negative balance protection. So, it works great so far and inspires us to continue to be innovative and create new opportunities in world markets.

- I heard that PatronFX has always developed the technology of trading platforms. What makes them unique when the market is saturated with user-friendly services?

Our priority is to ensure our clients move to a higher level. We recently expanded our offer based on the popular MT4 platform. Proven solutions - this is what allows for convenient trading CFDs or monitoring Forex market. Our analysis shows that the interest in trading automation is still growing, so MT4 seems to be the best choice, offering Expert Advisors that are easily available and relatively simple to program.

Of course, the industry relies heavily on technology, and we believe that innovative suggestions integrated with the most powerful trading means will provide our clients with favorable trading conditions. And we plan to constantly improve them.

- This year everyone realized how important it is to raise the level of knowledge in the field of investing, especially after the market collapse, which tempted people to start investing. Any tips for beginners?

The situation is just unique. We are seeing an increase in new accounts by as much as 89% compared to last year. In fact, this does not mean that new traders are fully aware of the specs of trading in leveraged markets and are often lacking it.

We take all steps to act in the best interest of our clients by giving you free access to our education section, including analytical articles, webinars, trading tips and much more. Whether you want to trade CFDs on stocks, commodities, forex, indices, or cryptocurrencies, education should play a role of a major factor in deciding what and how to trade an asset. That's why we offer you to open a free demo account that allows you to test all strategies with virtual money before starting trading with real funds and to take lessons with the account manager. PatronFX wants to reach conscious traders.

- There are more and more signals that online payment services are increasingly attacked by hackers. There are also scammers on the market who pretend to be legitimate companies or "pretend" that they are. How does it look like with you and how to deal with it?

Cyber ​​threats are constantly increasing, so it's important to know how your data is protected as well as all your customer payment information. PatronFX has developed the ultimate combination of security systems and network locks, ensuring the security of our customer accounts and their banking details. We also offer many payment methods such as credit / debit card, e-wallets and bank transfer. Regulations and licenses - this is also an extremely important element. It is worth verifying this information before any payment to the broker.

- What are your forecasts of the financial markets for the coming year?

There is no doubt that the Covid-19 pandemic as well as major political events have had an impact on the markets. For this reason, in 2021 we will have to deal with significant changes in the global trading environment. It is very difficult to predict what exactly will happen. I think it's time to open up to discovering new horizons and gather knowledge to take a giant leap forward.

- Any last words for the readers?

I wish your readers could hit the highest level in trading by familiarizing themselves with  current strategies and tools. We want to meet all challenges, providing constant support and cost-effective solutions. Feel free to visit our website and try out a unique platform to gain new skills and experience.

- Thank you for your time.

Sponsored article