Pexotera Review (Pexotera.com) – Have a Safer Trading Experience With A Secure Broker Platform
Nelson Nielson
Pexotera Review
Even though the market is full of advanced and intuitive broker platforms, there is still one thing that worries online traders. Yep, I’m talking about cybersecurity. Most trading platforms aren't transparent about their security features, making traders worry about the safety of their information. While finding a broker platform that balanced both functionality and security, I tested out different options and reviewed their safety measures. That's when I came across the Pexotera.com broker platform. In my Pexotera review, I will discuss the many ways it keeps your funds and data out of the wrong hands.
I will cover all the effective measures it takes to protect traders' data and identity. So, let's go through this analytical review and see whether this is able to provide users with a safe experience or not.
Strict KYC and AML Policies
The first thing I noticed when signing up with the Pexotera trading platform was its credential requirements. After going into the details of why it does that, I found out that it has designed a Know Your Customer policy to verify the traders. On behalf of this policy, this broker requires each user to provide a photographic ID, an email address, and a valid phone number. In this way, it verifies the identity of each user who signs up as a trader. This way, it ensures no person with a fake or stolen identity joins the platform.
Besides KYC policy, it also has an effective anti-money laundering policy that is designed to detect and prevent nefarious activities, specifically money laundering. With this policy, this digital broker platform keeps a constant check on traders' activity and flags anything that seems suspicious.
SSL Encryption Certificate
Another thing that I noticed as soon as I entered this platform was its SSL encryption certificate. SSL is an encryption protocol used by digital websites to safeguard users' data from cybercriminals. Using this security protocol, all users’ confidential information gets encrypted into different combinations of alphanumeric codes.
Pexotera trading platform uses this protocol to encrypt traders' personal and financial information whether it's their credentials or credit card details. This encryption makes the original data unreadable by unauthorized third parties. Only the parties that sent and received the data can see it, reducing the risk of data breaches and identity theft. You can view this platform's SSL certificate to reassure yourself once you visit it.
Employment Of 2-Factor Authentication
Just like the SSL protocol, the Pexotera broker platform uses another cybersecurity protocol to minimize the risk of data and identity theft or exploitation. It employs 2-factor authentication to verify each user twice when they are logging into their trading account. This security protocol requires each trader to complete two authentication steps when accessing their accounts. Besides entering their account passwords, users are required to provide a one-time password that’s sent to their personal devices.
By doing this, it ensures that the user who is accessing the account isn’t a hacker or digital snooper but the actual owner of the account. This keeps traders' accounts out of the wrong hands.
Secure Transactions and Funds Segregation
Lastly, traders' funds are as important as their confidential data, which is why the Pexotera trading platform also takes security measures to protect them. Firstly, it only offers verified modes of payment to ensure safe transactions. It offers secure EWallet options, credit cards, and debit cards. It also has conventional and safer methods like a bank wire transfer.
Secondly, to make sure that traders' funds are kept safe from theft or exploitation, the Pexotera broker platform keeps them segregated. It puts users' money in a different bank account, keeping them separate from the platform's funds. When you know that your money’s kept separate, it’s much easier to withdraw your funds whenever needed.
Is Pexotera Scam ort Legit?
In this part of my Pexotera.com review, I will mention some other aspects, like the availability of asset classes and premium accounts. This platform offers a diverse range of user accounts, including premium accounts that come with advanced features and functions. It has many asset class options so that traders can diversify their portfolios with options like stocks, forex, or crypto trading. Considering how it provides a free-of-cost demo account to let people test it before signing up, this platform looks legitimate to me.
Summary
To summarize this Pexotera review, I will recap all the security-centred features that I have discussed before. This digital platform has strict KYC and AML policies to verify each user who signs up and flags any nefarious activity. It has an SSL certificate proving that it encrypts users' confidential information, minimizing the risk of data breaches. It also uses 2-factor authentication to make sure traders' accounts are safe from bad actors. It offers only verified modes of payments to ensure safe transactions and puts traders' money in a segregated account.