Plus Review - Scam or not? Plus gives you a great chance to get started with Forex and CFD Trading and they offer a risk free demo account for all customers — no deposit required.
You should not hesitate to sign up here and get started at Plus! And in case you are not fully confident why Plus is the best choice for all traders, you should read our extensive review:. Trading could not be simpler at Plus Just click this link to open up the platform no download necessary , choose the asset you wish to buy or sell,.
Then enter the amount you wish to invest with any stop losses or stop profits manually entered into the window that has just opened. A great feature hugely appreciated by many new traders is the unlimited demo account offered by Plus It is available as either a downloadable platform or as a web based platform and provides the novice trader the prefect method to familiarize themselves with the trading platform and trading itself.
Not having time or monetary constraints in the demo can be a great tool for new traders, learning the CFD ropes and really helps Plus stand out from many of its competitors who offer only a time or monetary limited demo.
The demo is a no risk and no commitment way to explore the platform and try out new strategies and is highly recommended for all new traders. One of the first things you notice when you enter the website of Plus, is how crisp and clutter free the website actually is. The menu is clear and concise, designed for the novice trader in mind. Often, some platforms like to cram as much information into their homepage as possible, which for the new trader; can be both daunting and off-putting. Set against a clean white background, all the information that is needed to get started at Plus is clearly presented and makes navigation of the site a simple process.
Plus certainly holds its own against its competitors with the number of tradable CFD assets it offers. Stocks — Stocks are categorized by country, making it a simpler task for traders focusing on particular regions. Commodities — The most common commodities are all available to trade as well as some of the more exotic options such as Wheat, Corn and Sugar. Forex — All the major currency pairs are available to trade at Plus The offering also includes exotic pairings and the less liquid currencies.
Plus offers trading in different formats. Not only is there a downloadable trading platform, but since , there has been a web based platform in which to trade. The in-house developed platform makes the whole trading process as simple as can be by presenting a platform that is both intuitive and neatly laid out. The Plus webtrader platform is a web based trading platform that requires no download and is available in both the Demo and the Real Account mode.
Plus caters for the trader on the move, with trading platforms available for iPhones, iPads, tablet computers and smartphones. This ensures customers of Plus never miss out on a trading opportunity and can trade anywhere and at anytime. Mac users and Linux users are also catered for at Plus which can often be a problem with some brokers who offer windows based operating systems only.
On the homepage an introductory movie, just under 3 minutes long, is provided as well as the clear and simple downloading instructions. The movie provides a good, concise overview of the trading platform and gets new traders firmly on their way to making their first trade.
Like the website itself, the trading platforms offered at Plus are available in over 20 different languages, but it is the uncomplicated and clear design of the platform that makes trading a number of different instruments from the same platform, a very easy task to perform, especially to novice traders. Although the MetaTrader 4 platform remains the most popular trading platform to date, the no-frills approach by Plus means many traders do not suffer from information overload and do not have to switch through various different screens and windows to get the essential information they need to make a trade.
This can be a big plus excuse the pun for the novice trader who can feel bombarded with information when all they want to do is to make a simple trade. Charting is available within the platform with a number of technical tools designed to aid the trading process and not confuse it, included.
The charting software does not allow for multiple graphs on the same screen, making the trading process a clear and simple one. Traders looking for more advanced charting or back testing methods would probably find the charting package at Plus perhaps a little too basic, but for the novice trader, all the basic and necessary information is presented in a clear and straightforward way.
The last point to make about the trading platforms at Plus, is that the similarly designed platforms all seem to effortlessly work together, making the transition between a web based trade and a mobile trade, a seamless one.
One of the areas that could do with more attention is the education section. Although the explanation of how to trade is made very clear, there is a real lack of fundamental and technical analysis offered and no real education section to speak of.
The charting package contained within the trading platform gives enough help and guidance but should a trader wish to progress his or her knowledge in trading then they would have to do that elsewhere.
Thankfully, there is no shortage of free education guides and websites easily located on the internet for a trader to extend their knowledge, but having a stronger and more complete education section would add value to the Plus brand. Staying in tune with their philosophy of keeping it simple, Plus offers just one live account type.
Remember, opening the demo account at Plus gives you an automatic unlimited demo account — a rarity amongst brokers. The banking side of Plus is as clear and simple as the rest of the website. Accounts can be funded by: Credit and Debit Cards — e. Simply go to the Plus cashier screen and complete the credit card details to instantly begin to trade.
Click the Funds Management window in the trading platform, choose the Moneybookers option and enter the email address used for Moneybookers. A new window will open and the Moneybookers transfer is ready to be confirmed. Wire Transfer — Deposits through a wire transfer can take up to three days to process.
You will then be emailed by Plus PayPal — PayPal is a good addition to the banking process and a service not available with all online brokerages. Go to the main trading lobby screen, Click Funds Management, choose PayPal, choose the amount and enter your PayPal details, a new browser window will open that will require you to confirm the transfer on the PayPal website.
The information can be sent via e-mail or by uploading a pdf, tif, jpeg or doc type file and an upload function is provided on the Plus It normally takes up to 24 hours for the files to be reviewed and it is possible to photograph the ID with a digital camera or a mobile phone. From experience, the whole banking side to Plus is a simple uncomplicated process that takes a short time indeed to enact.
Plus is a spread only brokerage, which means that unlike other service providers who charge commissions on each trade, Plus does not charge dealing commissions and is compensated through the spread.
Leverage is the amount you can magnify your trades. At Plus there is a maximum of Being a new trader and having The Financial Conduct Authorities has a reputation for being one of the more stringent financial authorities. This admittedly is not the strongest point of Plus Quality and professional support is offered by phone, fax or email and is available 24 hours a day, 7 days a week.
There is no live chat facility offered at Plus, which is a negative, but the email response time is good with emails expected to be answered within 30 minutes. Plus is one of the largest and most trusted brokers for a number of reasons. The novice trader is made to feel welcome and unrushed at Plus with the unlimited demo really helping make Plus stand out from all its competitors and ensuring that anyone, regardless of financial knowledge or experience, can begin trading with the opportunity to really explore the trading platform and their own trading strategies, without risk and without obligation.
The in-house made platforms are similarly designed with the novice in mind, carefully blending a comprehensive yet uncluttered charting package that provides all the necessary information, but does not confuse the new trader by offering more than what is needed. Although a little let down by the lack of live chat support and the lack of an education section, there is everything a novice trader will need to get started and go onto become a better and more successful trader.
The unlimited demo account, combined with the very user friendly interface, all contribute to the many reasons why many traders from around the world choose Plus to trade with. Click here to start trading at Plus — one of the very best brokers in the world! Then be a friend and share it with your friends! Trading Portfolio extended to offering over different global stocks — An android app for smartphones and tablets is launched by Plus A few good links: FXEmpire and Plus at Facebook. Take a look for yourself here!
We guarantee that you will think the same! Plus Review — Scam or not? Have you ever wondered why banks and investment professionals can trade so profitably? The truth is that there is something called leveraged trading. With leveraged trading you can realize high profits with little market movements and losses as well of course.
It is not really innovative and it is possible for years now. What is innovative though is that even you can do it! All you need is a proper trading platform where you can deposit, trade and cash out. And one of these platforms is Plus It is one of the most popular trading platforms in the world. If not, continue reading. And in case you are not fully confident why Plus is the best choice for all traders, you should read our extensive review: Just click this link to open up the platform no download necessary , choose the asset you wish to buy or sell, Then enter the amount you wish to invest with any stop losses or stop profits manually entered into the window that has just opened.
And the trade is made! Demo Account A great feature hugely appreciated by many new traders is the unlimited demo account offered by Plus Design One of the first things you notice when you enter the website of Plus, is how crisp and clutter free the website actually is. Trading Markets Plus certainly holds its own against its competitors with the number of tradable CFD assets it offers.
Trading Platforms Plus offers trading in different formats. Education One of the areas that could do with more attention is the education section.
Account Types Staying in tune with their philosophy of keeping it simple, Plus offers just one live account type. Deposits and Withdrawals The banking side of Plus is as clear and simple as the rest of the website. Commissions and Spreads Plus is a spread only brokerage, which means that unlike other service providers who charge commissions on each trade, Plus does not charge dealing commissions and is compensated through the spread.
Leverage Leverage is the amount you can magnify your trades. Customer Support This admittedly is not the strongest point of Plus Pros and Cons Summary Plus Pros:More...