Forex trading has become a very popular way to invest online and generate profits. Forex has several trading platforms available and Plus500 is one of them. Plus500 is an international broker based in the United Kingdom and regulated by the Financial Services Authority (FSA). Unfortunately, at the present time, Plus500 is not available in the United States. The Plus500 platform is available in a downloadable version, web-based version, and mobile trading interface. This allows the trader to work trades anywhere, at any time. The Plus500 companies make their money on the dealer spreads which are two pips for EUR/USD pairings.
The Plus500 is easy to use and all tools are available on one screen. The top toolbar contains all the necessary links and the information contained in each drop-down menu. The menus also show you what trades you have in progress, your profits, and how much is in your fund and available for future trading. The Plus500 platform has streamlined the trading process and made trading easier than before.
Forex Plus500 is regulated by the FSA (Financial Services Authority) for the protection of the trader. Only one platform is involved, giving everyone the same chance at success. There is an element of risk associated with Forex trading but the Plus 500 platform minimizes that risk.
The Plus500 download will take about 5 minutes and another 5 minutes for set up. Once your account is set up, you are ready to rock and roll in the Forex Plus500 world. Plus500 offers a no-cost, but time-limited demonstration platform, real-time streaming quotes, leveraging up to 1:50, and advanced analysis tools. Plus500 allows traders to fund accounts with PayPal, Credit card, MoneyBookers, or wire transfer and can start an account with only $100. In addition to currency trades, traders can trade oil, indices, CFD, or stocks.
Traders can request a payout via email with the proper identification such as a driver’s license, passport, or other official photo identification. Uploaded files must be a jpeg, tif, pdf, or doc file type and are reviewed within 24 hours. Some dealers offering Plus500, offer a financial incentive to start their account fund.
Plus500 offers customer support in a variety of languages. The drawback is that the support is only handled through fax and email. Plus500 does not offer telephone or online chat support at the present time. There is no support for those using Meta Trader 4 or any other third-party trading platform.