An Overview Of The Plus500 Currency Trading Platform
Apart from forex trading Plus500 also offers trading in ETF, commodities and CFD.
This company has grown at a tremendous pace, and is now serving more than million clients. It is considered one of the best forex trading platforms in Asia and Europe regions.
Forex Trading Platform Review
Forex trading is now the popular choice for most investors across the globe, and many depend on it as source of regular income as well. The aim of this Plus500 review is to present a correct picture of this company and the various features of its currency trading platform.
There are many platforms offered by various companies, where you can trade currency online. However, Plus500 has some distinct features, which makes it stand out amongst the rest.
Plus500 provides a simple but powerful currency trading platform and is a highly rated choice for mobile CFD trading.
Plus500 Currency Trading Platform
Compared to other companies, Plus500 has a unique user-friendly currency trading platform, which has been developed in-house, and is available in three versions.
Plus500 currency trading platform comes as a software package that can be downloaded and installed, or you could trade directly through their web-based or mobile platforms. The various versions function seamlessly and switching between versions is quite effortless.
Plus500 fx trading platform does not have any frills and traders do not get overwhelmed with an overload of information. Although Meta Trader 4 is considered the leading software for fx trading, the fx trading platform provided by Plus500 is preferred by most traders, as all the important information is available on one page, and there is no need to switch between windows to search for critical information.
Pursuing the policy of being a no-frills company, Plus500 provides one kind of trading account to investors, requiring 100 EUR as the minimum deposit.
Novices who are learning to trade currency online can make use of the Demo account, which is provided free, and allows unlimited risk-free trading.
Trading Cost and Spreads
Plus500 is quite reasonable in its fees and only charge on spreads. No commissions are charged on trades that are executed on their forex trading platform.
The company offers fixed spread type, with low two pips, and a minimum position of 0.005 lots. The maximum leverage offered is 1:50.
Learning Resources and Customer Service
Apart from the free demo account, the company provides a learning center, where the basics of forex trading are explained. This learning resource is not so comprehensive, but is quite easy to understand, as all the information is presented with practical examples.
The customer service offered by Plus500 is through email. People can expect a response to their emails within the hour.
Plus500 is a reliable broker, as the company comes under the regulation of FSA. Hence, your money will be safe, and you can trade currency online without any issues.
Plus500 can definitely be included amongst the best forex trading platforms, as it has a very easy interface, and all the features that are usually required by traders.