A useful online trading platform and brokerage service, Plus500 mainly specializes in the foreign exchange trade market. It also deals in indices, stocks, commodities and EDFs. Characteristics like professionalism and user-friendly functions set it apart from other online trading platforms.
The headquarters of Plus500 is situated in the UK, and the British Financial Services Authority (FSA) regulates the service. The brokerage service is operational across the globe and has customers from various parts of the world.
Plus500 has strong links with leading banking institutions across the world. This enables traders to benefit from reliable execution of orders and favorable pricing. Below are some of the reasons why Plus500 gained instant popularity as an online trading platform and is preferred by most traders as their choice of brokerage service.
Easy to Operate
It is very easy to use this trading platform and it does not require you to put much effort into learning how to operate it. Opening an account is a simple procedure that hardly takes more than a few minutes. Also, there are various payment methods available and you have a choice, rather than being restricted to certain payment methods. You can use your credit cards or avail money transfer services. You also have an option of utilizing other payment systems available online like PayPal and MoneyBookers. This makes it very simple to deposit or withdraw money from your trading account. You can read more about Plus500 deposit options here.
Guaranteed Dealing Limits
All kinds of dealing limits are available to facilitate you in trading. The dealing limits include stop loss limits, standard entry limits, market orders, trailing stop and profit limit. All the limits offered by the online service are guaranteed unlike a few of their competitors.
Traders find it easy to access the service and trade. They have a choice between using the web-based platform or the desktop application, whichever they find more convenient. The web-based platform can also be used on various mobile devices such as on smart phones and tablets. The service is offered in as many as 32 different languages, which is an indication of their worldwide reach. This also helps them serve enthusiastic traders in several countries without being restricted by language barriers.
Many people are a little hesitant when they start trading and may not be willing to try new platforms to trade. To reduce their insecurities regarding their online brokerage service, Plus500 offers them to open up demo accounts on which they can trade and see how the process works. This will give them the confidence of trading online and will encourage them to try their hand at it for real. Trading on the demo account will allow you to get some handy tips for trading. This account is not limited to a certain time limit, which is an unusual feature offered by a brokerage service in the foreign exchange market.
Plus500 has a 24/7 customer service that is ready to help you out at any time via fax or email. The service representatives are very friendly and helpful and respond instantly to all your queries as well.