From time to time our team review the latest online oil trading platforms where you can by and sell oil futures, and in this article we focus on a review of Plus500 online trading services.
Benefit from Higher Oil Prices in 2011
Oil prices may well go through the roof in 2011, so if you are looking to benefit from higher oil prices next year, you should consider trading oil futures online and Plus500 offer one of the easiest ways for you to get into the action.
The Easiest Oil Trading System – Plus500 Review
The oil trading system offered by Plus500 is quite simply the easiest and quickest way for beginners and intermediate traders to buy and sell oil futures online.
The Plus500 trading platform is a free software download which you can safely install onto your PC in seconds. Also, there are no long forms to fill out, simply register your name and email address, deposit your initial funds and your set to trade oil, gold, silver, other commodities and a whole range of currencies too.
Plus500 trading platform is one of the most easy to use systems available today.
The Lowest Investment to Trade Oil Futures – Plus500 Review
Depending on your chosen oil trading broker, you will be required to deposit an initial amount to trade oil futures online. The amounts vary from one broker to another, however typically, you will need to deposit between $100 to $1000 US dollars with a broker, in order to enter the market of live oil trading.
Plus500 is one of the only companies that offers oil trading with an outlay of only $100 US dollars.
Spreads (Commissions) for Trading Oil Futures – Plus500 Review
It’s worth noting that the Plus500 system is geared towards short term trades, hence you would benefit most from making and closing a trade “sameday” as a night premium is subtracted from your account if you hold your trade overnight. If you do not hold a position open from 5.00pm to 9.00am EST (Eastern Standard Time) you will not be charged night premiums.
The spread of the instrument provides the margins for Plus500 to operate, which is 0.05 and in our view is reasonable.
Depositing and Withdrawl of Traded Funds – Plus500 Review
It’s easy to deposit funds into your Plus500 account via any credit or debit card, you can also upload and withdrawl funds using Skrill (formerly Moneybookers) or bank wire transfer. Uploading of funds via credit cards are instant, withdrawls take around 3 working days to process before you see your profits.
Plus500 – Review
Plus500 UK Limited is authorised and regulated by the Financial Services Authority, FSA Register No.509909, to carry on business across the European Union and elsewhere. Plus500 UK Limited is a company registered in England and Wales (Company No 07024970) specialising in Contracts for Difference (CFDs) in commodities, shares, currencies and indices.
Plus500 Score Rating
We gave Plus500 four out of five overall in our oil trading platform review. Their system is quick and easy, and although their trading spreads are higher than others, it’s clear that any beginner or intermediate trader should give them a try. FREE TRIAL – Plus500 Download, Click Here
Plus500: Plus500 Company Details
Have you used the services of Plus500? Add your Plus500 review below, it will help others when deciding which trading platform to use for buying and selling oil futures.