In the financial world, the old brick and mortar systems are still respected. Traders and brokers still follow the time-honored traditions in order to make money in foreign currency trading. However, this doesn’t mean that there isn’t any room for modern developments. There are trading software that have been used to make it easier to crunch the numbers and increase the odds of financial gain. Among these tools are Xtrade, iForex and Plus500.
iForex is actually an organization or association of international companies which have banded together to create an online marketplace or trading floor of their own. For example, a member from a certain country wants to trade foreign currencies, all he has to do is log on to his account and he can start trading whenever and however he pleases. The market opens at $100 for each member, and the amount can be increased as he feels more comfortable investing more money in the market. There are also plenty of other advantages such as gaining access to a wide range of pairings, which would normally cost a lot on an ordinary trading platform.
Why Choose Plus500?
When it comes to online brokers, Plus500 is still able to compete against new trading software in the market. It has been around for more than 10 years and it has helped countless people make it in the foreign currency exchange industry regardless of their level of experience. The product has a simple and quick to navigate website design and this helps users learn more about the product in a short period of time.
What Makes it Competitive?
While there are plenty of competitors, Plus500 offers a single trading platform, which is one of the reasons while it stays strong in the market. There are traders who would say that this is a limitation, but this is far from being true. The single trading platform can be considered as the software’s greatest strength because it is internet specific, is outfitted with an interface that can be used by people with mobile phones, and can be downloaded easily. Users can switch effortlessly between the three modes without missing a beat, or changing ant of their data. So they can use Plus500 at their work computer, at their mobile phone, and at their tablet or laptop when at home.
The software also has an easy to use screen which displays only relevant information. This way users don’t have to keep on clicking and scrolling through the things that they don’t really need. There are also four distinct tabs at the top of the screen which gives a user access to current and past transactions. So basically, if you’re someone who does not want uncluttered screens, Plus500 is ideal for you to use.
The product also comes with a free demo or trial version so beginners in forex trading can practice an unlimited number of times.