Plus500 is another broker that offers valuable service to traders and anyone who’s interested in making a sizeable income from the financial industry. Discover the various advantages it offers to its client in this in-depth review.
Plus500: Background
Based in the United Kingdom, Plus500 is one of the growing brokers for the continents of Europe and Asia. Authorized by the Financial Conduct Authority (FCA), this company offers trading in commodities, stocks, indices and exchanged trading to its thousands of clients around the globe. Its work and commitment has garnered this organization a prestigious FX Empire award for Most Innovative Broker in 2015. The only downside of Plus500 is that they don’t allow traders based in the United States of America.
Plus500: What it Offers
Similar to its competitors, iForex and XTrade, Plus500 offers an advanced trading platform that can be downloaded as a program. It is also optimized to be used in most major web browsers and in tablets and mobile devices. Easy to use and truly convenient, the platform is simple and allows for quick trading. It doesn’t overload users with too much information and data and keep things rather straightforward, benefitting users with the ability to just focus on their current trading.
Unlike iForex and Xtrade, Plus500 only offers one specific type of account for its prospective clients. This standard account requires a minimum deposit of 100 euros, one of the lowest and cheapest in the industry. Plus500 also offers an unlimited and free demo account, something that a lot of other brokers don’t have. Both of these offers a small bonus for signing up.
As far as trading options go, Plus500 offers a wide and comprehensive variety. They have over 2,000 instruments. They make 50 forex pairs available, as well as commodities and indices in more than fifteen different markets around the globe.
Plus500: What it Can Do For its Customers
Plus500 has been lauded by its customers, due to the numerous advantages that it offers. First off, these clients look at the company as a dependable brokerage service. Not only are they regulated, meaning funds and transactions are safe and secure, they also provide utmost ease of use by allowing numerous ways to deposit monetary funds. Clients can choose to wire transfer money, deal with a cash broker, or use their own credit cards.
As far as commissions go, Plus500 does not charge any, another added benefit to users. They also offer spreads for as low as 2 pips for any trade, one of the most competitively priced in the market.
Continuing their streak of reliability, Plus500 offers 24 hour customer support through the live chat feature available in their website. They also have email addresses, supported by multiple languages, which can be used during inquiries and emergencies. The only real disadvantage is that they don’t offer a phone service, unlike many others in the industry.
While Plus500 doesn’t have numerous account options and features a rather simple platform, its stature, guaranteed security and wide options of trading options make it one of the most reliable and trusted broker companies in the current landscape. Any trader should definitely consider engaging with them.