Key Highlights

Account Minimum: $0

Fees: Free stock trades 

Product offerings: This broker offers stocks, options, crypto, forex, and ETFs, among others. 

Pros and Cons 

Pros 

  • User-friendly copy trading tools 
  • Access to a wide range of trading instruments 
  • Competitive fees and spreads 
  • Multiple trading platforms 
  • Reliable customer support 

Cons 

  • The mobile app is still in the development stage 
  • ARKCoin’s services are not available in some countries 

Pros Explained

Intuitive copy trading features 

Copy trading is a great way to invest in multiple asset classes without a robust knowledge of the markets and many years of experience in online investing. ARKCoin’s copy trading feature allows beginners and less experienced traders to easily avoid risk exposure by following the trades of professional traders. Users can also access various analysis tools to investigate different traders’ performances for informed financial decisions. 

Access to a wide range of trading instruments 

Unlike a typical stock or forex broker that limits clients to just a few products, ARKCoin allows you to trade many more asset classes across multiple global markets. The broker boasts hundreds of trading instruments, including stocks, currency pairs, cryptocurrencies, and various fixed-income products. 

Competitive fees 

ARKCoin has no account minimums and inactivity fees. They also waive domestic wire transfers, checking, account transfers, and closure fees. Stock trades are also accessible on all ARKCoin’s platforms. Overall, ARKCoin’s fees and margin interest rates are pretty marginal compared to its immediate competitors. 

Multiple trading platforms 

ARKCoin supports desktop, web, and mobile versions. The multiple trading platforms allow you to select the most suitable program that matches your skills and needs. 

Cons Explained 

ARKCoin’s mobile app is functional and offers a similarly intuitive trading experience. However, it is undergoing developments and may not provide all the trading tools and functions accessible on the desktop and web-based programs. 

While ARKCoin accepts clients from various countries and allows traders access to numerous global market centers, it is not global. So, check whether the broker covers your country or region before signing up. 

Trading Experience 

ARKCoin generally offers an interactive trading experience due to its social trading feature. The function is accessible to all users on the desktop, web, and mobile platforms. Copy trading allows you to copy the trades of other professional traders posted on the venue. Besides, it also offers convenient analytical tools to enable you to review every trader’s portfolio to gauge their performance before executing orders. 

Copy trading gives you a hands-on experience in online trading, with exclusive access to numerous portfolios by advanced traders. Apart from copying the trades of professionals, you can also freely interact with many other traders and investors on ARKCoin. Social trading enables you to minimize short- and long-term risks effortlessly. 

ARKCoin also provides a free demo account that you can use to test your trading skills without staking real money. The virtual brokerage account is accessible to all desktop, web, and mobile traders. ARKCoin’s trading programs also support charting, portfolio analysis, price alerts, multi-leg options, drawing tools, screeners, watchlists, news, and research. 

Trading Instruments 

ARKCoin is not entirely different from a typical forex or crypto exchange platform. However, this broker has an extensive selection of trading instruments, comprising traditional asset classes, new assets, and fixed income offerings. The following are the currently available product offerings for their clients. 

  • Stocks 
  • Options 
  • Crypto 
  • Forex 
  • ETFs
  • Commodities 

ARKCoin periodically updates its portfolio to include more investment options based on customer demand. Besides, clients can also leverage the broker’s extensive links to gain exposure to various global markets and electronic exchanges. 

Fees and Commissions 

ARKCoin has eliminated account minimums, inactivity fees, domestic wire transfers, and checking fees. They also allow you to trade stocks with zero commissions. Other trades and transactions you conduct on ARKCoin will attract different interest rates and fees. However, their rates and commissions are relatively lower than most online brokers. Perhaps, you can check out their website for a comprehensive pricing schedule. 

Final Verdict 

ARKCoin is an intuitive copy trading platform that offers access to robust investment products and global markets, competitive spreads, multiple trading programs, and reliable customer support. It is an excellent platform for beginners and passive investors who need interactive, hands-on trading experiences. However, active traders can also leverage ARKCoin’s vast product offerings and low fees to maximize profitability. 

Disclaimer: This is sponsored marketing content.