EnglishLatest news from our forex blog:
"You may forget this after a while, but going back to the beginning, the single biggest barrier before I could consider FOREX as a legitimate investment channel, was that I didn't comprehend what it meant to trade FOREX. Well, I obviously understood, you sort of gamble about a pair of currencies' ratio - "would the dollar outperform the euro?", but is this really gambling, meaning, is it completely random? what's my edge here? I certainly didn't know how to explain (though I admittedly heard about) leverages, technical analysis strategies, hedging strategies. let alone did I know anything about spot or forward deals etc'. Going back to those days, I realized it's far more important to teach these concepts and explain them, before I could send you off to scout for your perfect broker and start trading or even just compare brokers, before you understand the foundations. I hereby declare the opening of my pet project - the guide4fx.com online forex trading school. I think it's far an important topic to be left here on our blog, so we will add such a category to the site, for your reference, and my personal enjoyment. most important to point out: even after you read this school's curriculum, you'd probably have to do some homework about practical trading issues such as broker's interests, software usage etc'. we believe to cover that in our site, so it will stay out of the scope of the school. hope you'll find it useful...."
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Plus500 - editorial review
The welcome bonus
Plus500 offers an impressive welcome bonus of up to $2000, which means that they would double your money up to that sum for your first deposit. they even offer a no deposit 20$ bonus, I thought the days of free money are over, apparently the folks in Plus500 thinks otherwise.
Simplicity - a lion amidst lions
My first impression when I got to Plus500's website was a smooth user experience - a clean, simple and comprehansive interface. It seems that forex brokers nowadays understand the importance of their entry point, as most of them really do a good job on that field.
Deposit & Withdrawal options
Everyone has a simple interface, yes. However, Plus500 made the prompt extra step and this simplicity was taken forward making the deposit and withdrawal process impressively simple. The deposit options are wide and diverse, which is very important aspect for any worldwide growing business. among their payment methods you can find Wire transfers, major credit cards, Neteller, Paypal and Money Bookers.
Downloadable client or web based utility?
This question is industry's oldest debate, It is usually spoken for by the user experience advocates who talk about the non intrusive nature of a web based trading system, vs. the stability and performance that a downloadable client can introduce. We believe that while a perfect web based system might be superior to an installation based system, we have yet seen any perfect system. we therefore think that until such time that a perfect web based system will make it appearance, no method is better than its peer.
Plus500 offer currently a downloadable client, and the only question you should be bothered with is: is it a good client? and the answer is yes.
it's actually a great client, responsive, accurate and it is definetly an edge for Plus500.
A growing business
One other aspect that I'm bound to check as a forex journalist is the company stability and prosperity, it is important because it has everything to do with the level of service and sensation of security you will get once you become a client.
by observing their website alone, you can see that they support many languages, which revolves many resources behind the scenes like customer support on those languages and world wide offices, and proves that Plus500 is strong. additionally it is very apparent that in terms of media (public ads) Plus500 is on of the most aggressive players out there, you can see their ads virtually anywhere, using all the big channels such as google ads, yahoo, right media etc'.
As Plus500 is relatively a new brand, they are in process of being registerated as an established broker with a permit in several countries including the US. this is another sign of strength, these processes are expensive and requires many resources and a great deal of effort.
However, the cautious ones might want to hold your hourses until Plus500 is regulated by the FSA, and in any case, Plus500 will not take UK customers until such point in time.
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