Our Test Of The Forex Trading Platform Plus500 :

Plus500 is a platform that offers to trade with the entire range of classical instruments with no commission and leverage that reaches 1:50 (standard in the U.S.). In addition to traditional instruments, there are the traditional indices (national index) and ETFs that are young, sophisticated products.

If there is no commission may worry some investors, we reassure them by telling them that the brokerage firm is regulated by the Financial Services Authority (FSA), the UK regulator of financial markets. This license guarantees the safety of invested funds which the minimum is only 100 euros to open a forex trading account.

A forex platform ideal for beginners

The platform is built around four main tabs distinctly presented.

The first entitled "Negotiations" displays the current major currencies along with a graphical analysis in real time. Meanwhile, a window summarizes the arsenal of products available with specific distinctions (for geographical CFD / shares). For forex, currencies fall into three classes: major, minor and major II. A distinction that can get an idea about the composition of the market and target pairs used most, those whose liquidity is the most important and which are normally easier to trade.

We then find the three remaining tabs with formulas could not be more explicit: Open Positions, Closed Positions and Orders.

The execution of a transaction, very simple, generates a window that integrates real-time quotes, volume and options of limitations (profit or loss). Note that this device is ideal for novices trading because it requires no great effort of understanding.

Some areas for improvement

Plus500 remains an ideal tool for novice traders. However, we may regret the absence of some analytical tools that would be handy to supplement those already provided. Examples include more information macroeconomic and certainly some records further explaining certain principles of forex trading. An ebook training example.

Still, for a novice trader, Plus500 appears as one of the leading platforms in particular because of ease of use and control compared to certain trading platforms more sophisticated but less intuitive and can put off many individuals knowing only some knowledge of forex.