Have you ever experienced a situation, with your Forex Broker, where a surprise news headline went public and you went in because you saw an trading opportunity and made a position, but after a few minutes the market went reverse? You were suppose to put stop loss on that earlier position, but it was just a quick entry for a quick buck and you now having problem because the order for a stop loss or trailing stop doesn’t count in? Or have you ever experienced that you needed more information and set of new eyes to see the market clearer when everything is not coming into place, especially, after a few straight losses?
A few months ago I opened an account with InstaForex, I heard a lot of good comments about this Forex Broker so I decided to try trading at this broker. Since I’ve been experiencing a couple of Trade Slippage, and was trading at variable spread that eliminated my positions immediately in a good opportunistic scenario, when the price fluctuates widely. As Jordan Belfort said in the movie the Wolf of Wall Street; “My clients don’t judge me by my winners, but they judge me by my losers”. And surely, before I change to Instaforex, I was losing badly. Hence, there are bulls and bears I’d rather be profitable.
It is important for me that the Forex Broker has a clear system for trading, rules and policies regarding the withdrawal and deposit of funds. After all, if a fund, even if it’s the smallest amount we want to withdraw, and if takes a lot of time then we doubt and complain. Depositing money, as well as Withdrawing money comes in easy and very accessible forms as my Forex Broker, Instaforex, has so many tools for funds transfer, didn’t thought that they would do a better job at first but they did. Starting with withdrawals there’s a standard time for these important transactions to be handled and what I like about this is the fast response of the Customer Service group that makes me feel that my money is safe. They respond to me through email, and courteously discuss with me the situation and procedure.
There’s an array of banking payment system for depositing and withdrawing funds. But what I like most amongst this is my first trial of the Forex Broker’s innovation, InstaWallet. There you can share and save your funds with fellow traders, in this case my friends. Like any other broker this Forex Broker have the same transactions in terms of deposit. Now, I was able to withdraw funds through Skrill which has no fee associated and is processed just within 24 hours.
I was impressed by the great credential and how InstaForex managed their operations in their early years. While I was conducting my background research I was able to see numerous of prestigious award that the company was recognized for, no wonder InstaForex became the Asia’s Best Broker. It was Asia’s Best Broker in 2009,2010, and 2011 by World Finance Awards, speaking of a grand slam championship right there for 3 consecutive years; Best Retail Broker in 2011 by European CEO Awards and Jordan Expo, and 2012 by IAIR Awards to name a few. Looking for a Forex Broker, it is important to note the successes that they’ve achieved as this is a proof that they mean business and that they’re doing very well in their field that’s why they are being recognized. And I just didn’t stop there, I researched why and what things did they do to deserve such recognition.
As I was checking other news feed, their great platform and other great offers, what made me realize that InstaForex as a Forex Broker have done a great job is their history of making great deals. They’ve secured a contract with MetaQuotes Software Corp., whose business is providing quality online trading software. They’ve negotiated and entered into quality contracts with the largest news provider (Reuters and others) to perform good analytics and real time information which is very important to all traders, and importantly, reached an agreement with major contractors to have access in the foreign exchange market, speaking of high liquidity. These moves were the fundamental building block that creates and maintains high-grade service regardless of market condition.
And as a great Forex Broker, they continue to ride this momentum and better their services with cutting edge technology to consistently provide higher than the standard performance. To which they have pioneered and co-branded the InstaForex Bancard, where traders and investors can transfer money from their trading accounts to VISA cards/InstaForex Bancard. Such an innovation makes the process more effective and efficient that paved way to the creation of other great systems like PAMM accounts, Forex Copy and many more.
Changing Forex Broker makes it difficult to change that established habit, but as I shift to Instaforex I was able to trade immediately, since the platform they use is similar to the one I’ve been using, MetaTrader 4. Hence, no time wasted for major adjustments. As a newbie to an intermediate trader like me, it is a good sign if the Forex Broker provides educational setups and other new ways to develop learnings. On their website I saw many icons leading to videos and blogs about trading, and through this I am aware and exposing myself into seasoned market experts that sharpens my instincts for high probable trades. Also, this new unique system called InstaCopy where I, or anyone, can copy the proven and winning trade patterns of the most successful traders in the field has proven a good training for me as I replicate other’s winning positions.
Winning and Losing trades vary from trader to trader. There are traders winning in bulls and there are traders winning in bears, but to me these are all paper gains until I close my position which becomes profit. My Forex Broker, now, adheres to what I seek as a trader. If I didn’t take the risk of changing, then I just continued my growing headache further, and now I’m slowly becoming a winner again.
Risk disclaimer: Your capital is at risk, please take this into account when trading.
Online Trading has been very popular now a days, seeing advertisements over social websites by online brokers flashing how to make money and friends at the office talking about their experiences of making $500.00 in just one trade over the whole day. Being curious, I tried reading a lot about trading, and then got interested, eventually. I have asked people online, based on reviews and experiences, about the factors to consider before opening an trading account. And one important factor they keep on mentioning, especially at most Plus500 Review is “The Best Online Broker and Trading Platform”.
Being a very diligent person and conducts research about things, I compared online brokers and their platforms. Where in this Plus500 Review I found Plus500 and my experience of it, which offers one of the BEST CFD Trading Platform there is. Trading CFD’s for Stocks, Forex, Bitcoins, and many more. But what makes me open an account with Plus500, is it’s authorised and regulated by the Financial Conduct Authority, which makes me feel at ease. Before, I try to imagine what it is like to trade, and the risk taker in me opened an account and then trade Oil Futures, Trading the Pound vs the Dollar, and many more at the comfort of my home.
If you want to know more about How to Open a Trading Account with Plus 500 then click here: Opening Trading Account Plus 500.
As I was looking for my broker then, I’ve been trying demo accounts and learning how to make money from it, and I don’t want my wife to scold me for losing money. In this Plus500 Review, we discover Plus500 special features, to my surprise Plus500 doesn’t charge any commisions and they have a very low spread. And there I realized that Plus500 has one of the Lowest Spread in the industry by comparing it with other service and platform providers. So I think that is a pretty good deal.
Having valued much of my savings and pay check, I see to it that I get the best value there is for my hard earned cash. I was also amazed on how low you can open an account with Plus500, where they don’t require big deposit, which favors me since I don’t want to lose most of my money in a single trade. By the way in this Plus500 Review the simplicity of financial transaction will be discussed. Trading with practice money was fun, but going in with real money really gave me a kick and thought me the most. I was able to use small cash to earn big profits. By the way, I am a very defensive investor. So, with Competitive Rates and Low Spread I get my profits at a high which is good for me, low cash investment for trade with a potential for higher returns.
As I was operating my platform, one important key that I really like about Plus500 is the simplicity of the trading platform. Here in Plus500 Review, the design is classic and it is easy to navigate. For me, the real deal here is the accessibility of the Stop Loss, Trailing Stop orders, Buy and Sell Limit Orders. It is important to me that it is easy to locate, especially when the market becomes volatile and I want to exit my trading position. Overall, it is very good to use, and I can seamlessly execute my trading plan plotting my risk management levels quickly.
As mentioned earlier in this Plus500 Review, what makes me open an account with Plus500, is it is authorised and regulated by the Financial Conduct Authority. It is important to me that it is regulated that this is not one of the practices where client’s money are being scammed.
Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any right to the underlying assets. Please consider our Disclosure documents available on the Plus500 website.
Funding your account is very easy and simple. You can fund your account by using Visa, iDeal, and MasterCard credit cards that makes it more accessible and fast. By navigating to Plus500 cashier screen and then fill out credit card details. After, one can expect to begin trading immediately. It’s that simple.
In addition, funding through Moneybookers, which direct clients to go first to the Funds Management window of the trading platform, and then selecting Moneybookers Option. Further, enter Moneybookers e-mail address, and an information will appear where the Moneybooker transfer can be confirmed. Due to financial security, Plus500 adhere to banking transactions processed within three working days.
Deposits through bank, are good and easy way to finance your trading account. In this Plus500 Review we experience that process on deposits through wire transfer takes up to three banking days before credited to a live account. Clients will receive an email first from Plus500.com about the details for wiring funds to their account, that includes the minimum and maximum deposit allowed.
Withdrawals is also simple. Just go to your funds management and follow the instructions there. To test the withdrawal time. I withdrew my money from my Plus500 trading account to my Skrill account. As you can see in the screenshots below, it only took a few days.
As an authorised and regulated institution by the reputable Financial Conduct Authority, Plus500 UK Ltd. requires that traders and clients to present an official photo ID before being allowed to make a withdrawal. Identification Cards must be current passport, driver’s license, or other official document that validates identity. In this Plus500 Review the only thing that I had to do was scanning my documents and mail it to them. You can do this via e-mail or by uploading PDF, JPEG or Doc files with the upload function provided on Plus500.com trading platform. As part of the Plus500’s due diligence, files are to be reviewed within 24 hours.
The Plus500 Review helps Traders and Individuals aspiring to trade an insight in getting the Ideal Broker and Platform. If they focus on the technicalities, instruments, service, fees, and a lot more are also important to consider in choosing the broker and platform that best suits one’s condition. And there I realized that low cost spreads and no brokerage fees increases profitability. That is why I opened an account, and continuously patronizing Plus500 because of its great job.
What about you? Is Plus500 something for you? Click here to open a demo account and try it out for free.