With around 10 million people trading forex in the world more platforms are coming up. However, all of them do not provide their services in all countries. When we talk about New Zealand there are a lot of platforms available that provide forex trading services as well as some other trading services.
One of those platforms that provide their forex trading services in New Zealand is Plus500 NZ and here we will be discussing everything that you need to know about it.
What is Plus500?
Plus500 NZ is an Australian trading platform that provides its services in different countries around the world. Here you can get a lot of different features as well as different trading options along with forex trading. However, trading is not the only thing that it focuses on.
When you use Plus500 you will note the latest technology working to your benefit. With Plus500 you can experience over 2000 different trading tools from different markets of the world that will enhance the trading experience if you are from New Zealand.
Features of Plus500
Plus500 NZ is the trading platform for the people of New Zealand that brings top-notch features. Moreover, it is full of features that you can use for Forex trading. So, here are some of the features of Plus500 NZ:
Safe and reliable
Plus500 NZ is very safe and reliable for people all over the world, but this brings special peace of mind for people from New Zealand. It is because of the regulations it comes with including:
- ASIC
- FCA
- CySEC
- ISA
- MAS
Trading for everyone
Plus500 understands that everyone around the world is not speaking the same language. This goes true for the people in New Zealand as all are not natives. So, it provides its services in many different languages apart from English alone. Languages like Arabic, French, German, Chinese, and Polish make it a perfect choice for almost everyone around the world.
A wide range of trading options
At Plus500 NZ you get a complete range of trading options apart from forex alone. There are different CFDs, Shares, Commodities, EFTs, and Indices, and on top of all, there are different crypto trading options. So, Plus500 NZ will not restrict your trading options to only forex or a few options.
Easy deposit and withdrawal
To make things further easy and simple for you it comes with different digital money deposit and withdrawal options. These include digital wallets as well as online banking options. So, when you use Plus500 your experience for withdrawing and depositing money will be pretty convenient and quick
Provides learning opportunity
It has become a rare feature now because not all trading platforms safely provide learning opportunities. Ones that provide you need to make real trades and you can learn using their educational material. However, with Plus500 you can use the demo account to get the experience of the platform as well as learn a lot about trading.
So, learning and starting with Plus500 is very safe for those who want to invest carefully.
Reasons to use Plus500
As there are a lot of forex trading platforms available today you must select the one that brings the best value for you. Below are some reasons how Plus500 brings the best value for you:
Quick withdrawals
The first reason is that it provides quick withdrawals. With Plus500 you do not have to wait for weeks before getting your amount because it only takes 2 to 5 business days.
Good reputation
Setting the regulations aside you will note that Plus500 has an amazing reputation around the world. It has been there since 2008 and now there are over 15,000 users on it around the world. All of this makes it a very reliable platform for forex trading and other trading options.
Negative balance protection
The best value a platform can offer comes from such features. Plus500 comes with Negative balance protection that makes sure that you can never go into the negative balance. It means that you will never lose more money than you have in your account.
So, depending on all of these reasons you can easily make your decision if Plus500 is the right platform for you or not.
Pros and cons of using Plus500
Below are some pros and cons of Plus500
Pros
- The interface of this platform is very user-friendly making it an amazing choice for beginners as well as experts
- Live chat is very quick and helpful
- Customer support is available 24/7 which brings good value to customers
- The minimum deposit requirements are easy to meet for many people
Cons
- There is no phone support available
- The educational material is not ample
How to start trading with Plus500
Starting trading is thought to be the most difficult process in everything for many people. It is because many people think that the process to sign up is very complex. However, in the case of Plus500 things are pretty straightforward. The whole process of making your account will not take more than one day including everything at your end and Plus500’s end. Here are the steps that you can follow:
- Go to the website and click on start trading
- Create your account by completing information or select to go with social login
- Now your account will open, and you can manage finds
- Follow through the deposit process and verify your identity
With these simple steps, you will be ready to start trading with money in your account.
Conclusion
Different trading platforms come with different features and options. However, when we talk about Plus500 NZ it comes with more than