Licensed to operate as an online broker, Plus500 provides CFD trading in exchange-traded funds (ETFs), foreign exchange (forex), indices, and stock exchanges (shares). Note that Plus500 online trading platform, based in Israel, is only authorized to provide CFDs (Contract for difference) and not Binary Options. With Plus500, you can trade CFDs for cryptocurrencies, equities, forex, commodities, ETFs, and indices with low spreads and no commissions. Note: Availability subject to regulations.
Please Note: Plus500 does not offer accounts to US residents. Cryptocurrency trading and promoting is banned in the United Kingdom.
Risk Warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Note: Availability subject to regulations.
Additionally, to negative balance protection, Plus500 also offers a loss stop guarantee. With a portfolio of over 2000 instruments, Plus500 is solely focused on CFDs (Contracts for Difference) and is growing rapidly. For the first time in 2013, Plus500 began offering Bitcoin CFDs for trading. And in 2014, Plus500 Ltd. was listed on the Main Market of the London Stock Exchange.
Plus500: What Is It and Who Is It For?
A platform for financial products that is provided by Plus500 Ltd., the company that issues and sells them, is also part of Plus500. Plus500 offers about 2000 different trading instruments and has a significant client base. A number of subsidiaries of Plus500 provide CFD trading services to the company’s customers in the United Kingdom, Australia, Cyprus and Singapore. Founded in Israel, Plus500 has offices around the world. The CFD platform Plus500 is available in 51 countries, but not in the United States. This CFD provider offers CFDs on commodities, equities and indices at a good price, as well as a great trading platform.
How Can I Find the Best Provider of CFDs?
Numerous variables can influence the quality of CFD providers. Aside from that, the provider of CFDs boasts accolades and a client base. A number of reviewers have praised Plus500’s excellent mobile app, which ranks well among the most popular CFD trading tools on both Google Play and App Store.
The platform’s accessibility and affordability have also been praised by users. Its popularity has led to about half a million users actively using the CFD platform. As a result, it must be doing something right.
Next, we will examine Plus500’s offer in more detail.
Plus500 Accounts Fall into Two Categories
One account type is available with Plus500. Rather than offering different accounts depending on your deposit amount, there is just one standard option. Before you can start trading, certain security measures must be taken. Before depositing money, you can test the platform with a demo account.
1. Live Accounts:
Start with a real account by depositing $100, £100, or $200AUD. The interface is fairly straightforward. After the application process is complete, you’ll be able to trade over 50 assets using the CFD platform.
2. Demonstration Accounts:
Plus 500 offers a free, unlimited demo. There is no harm in using the demo platform, whether you are a beginner trader or have past CFD experience. If you want to use the demo site before signing up, you don’t have to pay. This enables you to practice trading with Plus500’s unlimited demo account before putting your own money at risk.
Please Note: Plus500 does not offer accounts to US residents. Cryptocurrency trading and promoting is banned in the United Kingdom.
Plus500 Features:
What features and payment methods does Plus500 provide that you are looking for? There are many important factors for traders to consider, including rewards, commissions, spreads, and leverage. How many assets do you have, and do you offer stop-loss orders, as well?
Note: Availability of this platform is subject to regulations. And keep in mind… Plus500 is not authorized to provide Asset Management services, Investment Advice or any recommendation for trading.
Following are some aspects of trading examined here:
Leverage:
Leverage varies greatly from broker to broker for CFDs. Plus500 does offer what they refer to as “maximum leverage” and ask that you get more information directly from their website.
Spreads:
In addition, Plus500 doesn’t charge commissions; they make their money by offering customers spread. Gold, for instance, would have a sell price of 1.3126 and an ask price of 1.3127. Therefore, the market spread is two pips. Because the spread takes care of the commissions, you don’t have to pay any. The spreads are competitive and fluctuate compared to others in the industry.
Stop the Loss:
CFD trading requires the use of stop losses in order to minimize losses. A stop-loss order is placed as soon as your account starts to lose money, aiming to exit the transaction at the predetermined price. Close-at-profit is another option, which must be set up before trading, but means you are paid out when the price reaches the designated level, allowing you to collect the profit.
Risk Warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Note: Availability subject to regulations.
Types of Platforms:
A variety of CFD trading applications are offered by the broker in order to enhance your CFD experience. You can access Plus500 Web trader through Chrome, Internet Explorer, and Firefox. Windows trader is also an option, which is software available for Microsoft Windows. Trading on the move is now possible.
Promotions and Bonuses:
Rather than offering bonuses or promotions, they don’t mention them on their website. There are also no promotional offers or trading competitions. However, they offer a free demo account for prospective traders to test out their services.
On-the-go Markets:
Plus500 has good options for trading on a mobile device. A mobile trading platform is user friendly for people who wish to trade on the go. They can do so with an iOS, Android, or Windows trading app. On a desktop, the experience is similar to the web-based version, or the download-based version. The software is regularly updated based on feedback from users.
Getting Started with Deposits and Withdrawals:
A variety of methods are available for depositing funds into your account. In addition to major credit and debit cards, e-wallets such as Skrill or PayPal are accepted by the broker. Paying by bank transfer is also an option. Banks and payment providers may charge you fees, and currency exchange fees may also apply. According to the fine print, a fee can be assessed upon exceeding the limit for monthly withdrawals. Inactivity over a period of several months results in a significant of $10 multiplying.
Special Features:
Its many features make Plus500 an excellent choice. Demo accounts are among them since they do not have time limitations. Furthermore, there are no commissions since the spreads cover costs associated with trading. Furthermore, the fact that you can choose from over 30 languages is also something that makes this broker a nice choice. Using leverage and losing all your money will not result in a negative balance.
Customer Support:
During regular business hours, desktop and mobile devices are both supported by live chat. This can be seen in the lower right corner as you navigate the site. And the broker does offer contact through email as well. You can also follow them through their Twitter and Facebook accounts.
Convenience of Use:
In evaluating CFD providers, our team of traders deemed the Plus500 trading platform to be very user-friendly. Even though Plus500 is a very user-friendly platform, keep in mind that CFDs are “complex financial products”; thus, the platform is not suitable for beginners or un-experienced traders.
In addition to testing Plus500’s live account, they compared its features with those of competitors. With Plus500, you can trade both on the PC and on mobile platforms (Android and iOS). This also allows you to access your account from anywhere. This platform displays all the necessary information for making a transaction in a single screen so that traders can stay focused.
Risk Warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please Note: Plus500 does not offer accounts to US residents. Cryptocurrency trading and promoting is banned in the United Kingdom.
Note: Availability subject to regulations.
Plus500: CFD Unique Platform
One of Plus500’s advantages is its CFD trading platform. CFD traders who are accustomed to other platforms like Metatrader 4, Metatrader 5, and cTrader may be put off by the lack of API feed or advanced charting. Plus500 is a great choice for users who want only the information they need.
Open a Plus500 Account by Following These Simple Steps:
It is quick and easy to open an account with Plus500. Your personal information and documents will be required to set up a new account. You must verify your account before you can begin trading. Therefore, the wait time will vary. The document must include your name, photograph, birth date, PIN, and expiration date (such as a passport or ID card).
After reviewing your address, the CFD provider will contact a third-party to verify that you are who you say you are. Alternatively, you may submit an all-inclusive bill from communal services. A bank statement or credit card statement that shows you own the bank account is required for your trading account. Before you can trade, you will need to deposit at least $100.
Is Plus500 a Transparent Platform?
Plus500 is a transparent platform since it is run in different places throughout the world. Depending on your location, you will be assigned to one or more subsidiaries. Subsidiaries are approved and governed by their own governing bodies.
Those who live in the UK will receive an account called Plus500UK Ltd. Users within the UK fall under the following terms: If a firm becomes insolvent or ceases trading, the FSCS may be able to pay compensation to its customers. The FSCS covers business conducted by firms authorized by the FCA. Clients of Plus500UK Ltd would fall under the ‘investments’ claim category, whereby the cover is £85,000 per person per firm.
Plus500 was established in 2008 and has been providing quality services since then. All subsidiaries are governed by the country in which they are located, and all operations are conducted in accordance with unique terms and conditions. This platform is evidently reliable based on its track record.
Please Note: Cryptocurrency trading and promoting is banned in the United Kingdom.
Plus500 does not offer accounts to US residents.
Fees and Limits for Plus500
Services and goods can be exchanged freely. The platform Plus500 does not charge commissions for trading. This feature is not available for all instruments. And there is a charge for Overnight Funding and Currency Conversion Fees. In both buy and sell transactions, the user pays a spread. Depending on where you trade, these spreads may vary for any trading instrument. Spreads are based on the instrument and are regularly updated according to market spreads. The account can be set up to automatically recharge after a certain amount is deposited.
Risk Warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please Note: Plus500 does not offer accounts to US residents. Cryptocurrency trading and promoting is banned in the United Kingdom.
Trading Platforms
In addition to WebTrader, the company offers a mobile platform that is even more powerful. Look at what this software has to offer in more detail.
Note: Availability subject to regulations.
WebTrader
Even though we have stated this earlier it’s good to restate this important point once again: Although Plus500 is a very user-friendly platform, CFDs are “complex financial products”; thus, the platform is not suitable for beginners or inexperienced traders.
From the primary screen, users have easy access to charting and trade execution. It’s easy to find exactly what you are looking for with the powerful search function.
It is extremely convenient to access practically everything from the main platform window. For more information, click “Details” on the main screen. Click on the plotting tool to expand it to full screen and it will have more than 100 indicators.
Since WebTrader and Plus500 are closed systems, MT4 is not supported by WebTrader. In addition, the platform doesn’t allow social trading or algorithmic trading. Plus 500’s WebTrader also lacks features like advanced technical analysis tools, as it is not possible to import third-party tools. If you want something easy to use but with more comprehensive research capabilities and customizability, it’s best to check out IG and Oanda.
More about WebTrader
WebTrader is, without doubt, a great app for mobile devices, thanks to Plus500. App users can view their account information, place conditional orders, and access the entire portfolio of trading instruments. This app contains the same indicators as the web-based version, and it is highly secure. WebTrader mobile platform users can, if they so desire, have access to their accounts with fingerprint scanners. The mobile platform, though it is fantastic software, suffers from some of the same issues as the web-based platform because it lacks some features for experienced traders. In addition to Android and iOS devices, the app is also available for Windows.
What Is the Level of Safety When Trading CFDs?
As a result of being exposed to volatile assets, traders of CFDs are at risk of high losses, according to the UK’s financial regulators, ESMA and FCA. CFD traders lose more than 72 percent of their money, according to research. Market volatility and transaction costs are two of the most common reasons for investor accounts being depleted.
Europe’s Securities and Markets Authority (ESMA) extended a three-month ban on selling CFD products to retail clients in March 2019. Some of these restrictions included limits on the degree of leverage on various forms of CFDs, the minimum required margin that would trigger margin calls, and the incentives offered to trade CFDs. Investors were warned of risks when institutions published institutional risk warnings. Before trading, traders should be familiar with CFDs. Investments should only be made with money that investors can afford to lose or gain.
Here is the actual risk warning posted on Plus500 Website:
“77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.”
Tips and Tricks for Using Plus500
The program can also be downloaded from the Google Play Store or Apple App Store. You can easily use the app. Purchasing or selling can be done by searching for the market you wish to trade and then placing an order. Despite that, the app is less conducive to research and technical analysis due to its smaller screen size. Apps and platforms work in the same way in terms of how to utilize them or trade on them. Click Buy or Sell after selecting an investment size, checking the figures, and then clicking Buy or Sell. Trades can be modified in various ways, such as stop-loss levels and price alerts.
Is Plus500 Best for Day Trading?
There is no doubt that Plus500 operates at a high level of efficiency and reliability. A short period of time can be taken to execute trades on their Web trader platform. Moreover, you have the choice of trading a large variety of assets from your home. If you want to be a successful day trader, you need to be able to execute many transactions in a short period of time. You will find it easy to do so if you have a large asset index. Additionally, this ability to open and close CFD positions at any time makes it possible for you to make any necessary adjustments to your investment portfolio and positions. In addition to short-term trading, Plus500 offers excellent long-term investment opportunities as well. Demo accounts offer you the chance to test out the platform, analyze historical data, and see if the layout is right for you.
Plus 500 Licensing & Regulations
- Plus500UK Ltd authorised & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1).
- Plus500AU Pty Ltd (ACN 153301681), licensed by:
- ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
- Plus500SEY Ltd authorized & regulated by the Seychelles Financial Services Authority (#SD039).
Conclusion
Plus500 offers skilled traders a great way to trade CFDs. Publicly traded and controlled by Tier-1 regulatory agencies, it is governed by Tier-1 authorities. The fact that their platform is secure allows traders to trade securities. Working with them is a bargain.
Users love the user interface of its mobile and web-based systems. Using a Pro account, large amounts of leverage are available for transactions. Deposits can be made with a small amount of money. There is no better platform out there today than this one! After reading this post and signing up for their platform, you should have a good understanding of what they will offer.
Note: Availability subject to regulations.
Risk Warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please Note: Plus500 does not offer accounts to US residents. Cryptocurrency trading and promoting is banned in the United Kingdom.
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