If you have ever even so much as contemplated the idea of Forex trading, then it is likely you will have heard of Plus 500. The company has only been operating since 2008 but it has already managed to cause quite a stir in the world of online trading platforms. Is this reputation justified though?
Well, that is what we are going to take a little look at in this Plus 500 review.
First, without a doubt, Plus500 (aka 500Affiliates) is one of the most profitable Forex affiliate programs on the market due to their generous offers of up to $600CPA or revenue shares of up to 25%. Plus 500 is a company based in Cyrus. For those who don’t know, when cash is deposited in Cyprus it is incredibly secure.
Sure, Plus 500 are unlikely to being going out of business any time soon (they are incredibly stable on a financial basis), but if it does happen then you can be sure that you are going to be getting your money back. Currently 1,000,000 Forex traders are signed up to Plus 500 and 2,000,000 transactions are made each and every month. Straight away this should tell you that Plus 500 are a company which managed to enthrall its users.
The majority of the trading is carried out online. The platform is remarkably simple to use and thus you do not need any fantastic experience in the way of trading to understand either their proprietary web trader platform or MT4.
You are able to trade shares, Forex, commodities, and a whole lot more directly through the site. If you wish to get warmed up to the world of day trading without putting your money up then you can have a play about with the demo software that Plus 500 provides. As you can probably guess; the demo software acts in very much the same way as the rest of Plus 500’s software and thus once you are done with that you can be sure that you will be able to use it with ease.
Of course; traders don’t just trade when they are by their computer. Currency prices are changing throughout the day and their real-time data helps keep traders on top of prices and volume, among other metrics. Thankfully Plus500 offers a pretty decent mobile application (for Apple and Android phones at the moment) which allow you to do pretty much everything that you can do online in the palm of your hands. Sure; there are a couple tiny aesthetic issues with the mobile application at the moment (I have yet to find a financial application that looks perfect) but it works really well and all but the most finicky traders will find it flawless. Regardless; if you are trading tons of cash on a daily basis you will probably be at your computer at all hours anyway.
If you are looking for a rather decent online trading platform for currencies then I have absolutely no hesitations in recommending Plus 500. For most people it provides far, far more horsepower than they will know what to do with. You have absolutely nothing to lose by test driving the Forex demo too! The web trading platform, the demo at least, is free (gives you time to see whether it is the right system for you), and to cap it off there are a couple of bonuses available for when you make your first deposit too.