Plus5 Trade Review
Financial markets are in constant motion, and the benefits that online brokers provide their clients can play an important role in how traders perform. Online trading in 2023 is not very different from what it was in prior years, in terms of customer demands. Clients want a high level of security for their funds, a customer-friendly interface and different resources to use while trading.
Plus5 Trade is a new broker that claims to provide all of the above. It managed to gather a team of financial experts who are working to ensure advanced trading conditions. Let’s find out a few interesting things about the brand and analyze just how suitable it is for today’s trading environment.
Trading crypto
Cryptocurrency trading is gathering steam once again after a period of cooling down, mainly as a result of the gains seen in some of the leading tokens. BTC, ETH, BNB, LTC and other altcoins rebounded in January after a tough performance in 2022.
With Plus5 Trade, traders have access to tens of different cryptocurrencies. Since these are financial derivatives, selling short and benefiting when prices are falling is possible. A long-only vision can be damaging, especially when the market sentiment deteriorates.
Although crypto benefits stand out, it’s worth noting that with Plus5 Trade customers can access other established markets, including currencies, stocks, indices, precious metals and commodities.
Platform benefits
The platform available with the brand is MetaTrader 4, and that means that the list of trading benefits is generous. MT4 incorporates technical analysis tools, has support for expert advisors and can be used to place multiple types of orders (market and limit orders).
Traders need to focus on risk management and that’s possible when using Stop Loss and Take Profit, both of which are available inside the platform. Advanced charting capabilities help when conducting price analysis. You can switch between different time frames to spot trends and support and resistance levels.
MT4 is multi-device compatible, meaning you can be in touch with your trading account even while on the go. The mobile version of the platform is smooth and fast, allowing for order management and price analysis even when operating on a smaller screen.
Customer support
The broker seems to be very generous when it comes to providing information about its services and it does so via the email address support@plus5tr.com. You can also see a contact form on their website, where you can address all your questions.
Keeping clients informed seems to be part of the broker’s mission. Traders have access to updated market news and an economic calendar. That way, technical and fundamental analysis can merge to provide more accurate trading signals.
Bottom line
Working with Plus5 Trade in 2023 might be appropriate for a broad range of traders. This trading offer is easily accessible with limited funding. The variety of markets covered means crypto trading on top of trading on popular markets is possible. Trading costs have been optimized and execution is fast, thanks to MetaTrader 4, a well-known platform in the online trading space.
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