Plus500 is one of the most popular UK based broker
which is regulated by Financial Services Authority (FSA). Besides Forex, Plus500 is also authorized to trade in Exchange Traded Fund (ETF), Stocks, Commodities, Indices and Contracts for Difference (CFD). It is one of the largest and fastest growing companies, which serves millions of clients. Unlike any other leading Forex brokers, Plus500 boast an in house trading that is simple and clean cut to operate. One of the key features of the Plus500 is that it provides complete and easy services to all its clients. Various plus500 reviews show the efficient working of the company and its dedication towards the people.
Various Types of Trading Accounts
The philosophy behind the working of the Plus500 is that it offers only one type of account for trading purposes. However, a specified amount of deposit is needed for traders who wish to sign up for Plus500. There are various demo accounts available for free for those who sign up with the company. Unlimited number of free demo account is quite a rare thing to be found among the leading Forex brokers.
Spreads and Commissions
As a standard, Plus500 don’t charge commissions for trades that are executed by them. They charge that is limited is about 2pips for all the trades which are executed for their clients.
Plus500 provides Customer Support via email, which is available 24/7. Replies are answered within thirty minutes.
While considering about the reliability of the broker, the most important thing to check is if it is regulated or not. It is reassuring to notice that Plus500 is regulated completely by the FSA in London. FSA is considered to be one of the most important and reliable financial regulatory body that is popular in both European Union (EU) and City of London.
In order to fund the trading account, Plus500 makes many things easy that provides many methods for depositing the funds. Fund transfers can be made with the help of Skrill, wire transfers and credit cards. PayPal is not included in the service, some think that it may be due to high fees that is charged by the PayPal.
Some of the benefits of Plus500 include:
· Easy interface for trading platform
· Competitive low fixed spreads
· Easy withdrawal
· Large number of tradable instruments
· Low deposit needed to open an account
· Regulated by FSA
· User Friendly platform
With many Forex brokers present today, it is surprising that proper financial authorities do not regulate most of them. With so many fraud sites existing over the net, it is a relief that there is a broker Plus500, which is regulated properly.