While this is no guarantee that you will succeed, using a trading platform that is less complex is important for beginners that want to avoid a steep learning curve. Is Plus a good broker? Plus is a well-rounded broker that continues to improve its offering for beginners as well as advanced traders, with a growing selection of trading tools and advanced charting on its trading platform suite.
Plus is also a trusted broker thanks to its years of operation — dating to — and numerous regulatory licenses in Tier-1 jurisdictions, including the U. Plus serves online traders through its regulated subsidiaries that hold licenses in major financial hubs, including the United Kingdom, Australia, New Zealand, Israel, and Singapore.
For more on the company, see Plus's Wikipedia page. When trading CFDs at Plus, you do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website. Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.
Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. The offer based on an easy-to-use trading platform combined with a demo account and effective on-line campaigns turned out to be a hit. But let's move on to what will interest us in this article - the trading platform.
You are not the owner or have any rights to the underlying assets. Please read the financial statements documents available on the website. Admission word The main phrases displayed on the broker's website, demo account registration, as well as the transaction platform - all this leaves no illusions. For a more experienced trader, these simplifications sting the eyes.
Even the platform itself is stripped of its proper name so as not to absorb the fresh mind too much with unnecessary nomenclature. Therefore, we can choose mobile versions for Android and iOS, as well as a stationary version. Due to the fact that the browser version is almost identical to the desktop version, I decided to review the latter. Installation and login Login window The Web Trader Plus platform is based on a web browser, so it does not require any additional software installation.
Thanks to this, we can start trading on the demo in just a few seconds. And that was probably also the idea. Logging in, both to the demo account and to the real account, takes place using an e-mail address and a password defined by us, so it is simplified to the maximum possible - you do not need to save passwords consisting of rarely used characters or logins in the form of a sequence of long numbers. Logging in is very smooth and it should be so. There is also a minus - you cannot be logged in twice to the same account at the same time - even if we use the same computer, browser or other platform.
When you try to log in to the same data, the platform automatically disconnects us and here comes the security issue. Notorious disconnection. In addition, I do not know if this situation occurs only with me, but despite the stable internet connection, the platform regularly logged me out after a few minutes from the moment I switched to another browser window Plus was running in the background.
Perhaps this is another form of security, where the broker is to ensure that no one accidentally leaves the platform on. It's just that you don't need to enter a password to reconnect - just one mouse click. Plus appearance and interface Appearance - well Like in a hospital.
White and sad. A little blue and gray. But it makes it very transparent. The menu is on the left and the account parameters are at the top, so they are always at hand. The screen is divided into two parts in landscape orientation - the upper one is used to process orders, and the lower one is a chart. And that's roughly it. There is no need to look for secret tabs with additional great options, because they are not there.
Customization of appearance? Forget it. We can "choose" one color, which we cannot modify in any, even the smallest way. Change the menu arrangement? Or maybe the location of the windows? Okay, maybe their size? No, no and no more. We cannot modify any of these things. All we can do is resize the entire browser window. This means that the scaling of the platform itself also changes very quickly and at least a small plus.
What stands out on the demo account is the advertisement, and more precisely the encouragement to verify the phone and switch to the real account. Left menu The right mouse button is completely inactive, and the keyboard will be useful only for entering the course and the volume when placing orders.
But this is quite typical for most platforms based on a web browser. The menu on the left consists of two parts: drop-down tab "Menu", where we can find "settings" for the account. In the first point, the "settings" are in parentheses not by chance. Virtually nothing can be set. The first three options are for deposits and withdrawals only, and one more item at the bottom encourages you to deposit real funds.
The tabs from the second point are something like a Terminal from MT4, but of course much more limited in functions. Additionally, activating the "orders" and "closed positions" tabs cause the chart to collapse, which is completely unnecessary. Functions and possibilities Transactions.
There is a very interesting thing here. All terms were immediately translated into utter cliche. For example, Stop Loss is "Close on loss". The entire transaction process is based on the drop-down window on the right side of the platform.
There is no option to close a position with one click - confirmation is always required. But we have a "trailing stop", or Trailing Stop with the note "pips points", which for a beginner probably means nothing, but an experienced one is wrong. Ordering window.
For selected instruments, an additional parameter is available when defining SL - "Guaranteed closure". This is an option that for an additional fee in the spread ensures that we close the position at a defined price.
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