Plus500 Review year Pros & Cons, CFD Trading & More

Plus500 Review year Pros & Cons, CFD Trading & More

Plus500 does not offer clients tradeable research but maintains well-written market commentary under News & Insights. Traders get ten short videos complemented by written content, sufficient for an introduction. Plus500 offers a Trading Academy, which offers a variety of educational products including eBook, video traders guide, and FAQs to ease trading for both beginner and experienced traders. Plus500 is a global online trading platform specializing in futures across a variety of financial markets like crypto, forex, agriculture, and indices. If you are new to trading, particularly futures contracts, and seek a straightforward, user-friendly platform with robust mobile support, Plus500 could be an excellent fit. Its simplicity, combined with a diverse range of the most popular futures contracts across various markets, appeals to beginners or those who prefer a no-frills trading experience.

Is Plus500 real money?

To trade CFDs on Indices with Plus500, you can open the instrument and view the relevant instrument information, such as charts, spread information, rollover details, and others. Choose whether to open a ‘buy’ order if you believe the index will rise or a ‘sell’ order if you believe it will fall. Trading CFDs means you are not buying or selling the underlying asset, but rather you are opening a contract in the direction you predict the market will move. Also, the charts on the mobile platform can be expanded to full-screen mode to provide more clarity during the analytical process. Plus500 will also not charge any withdrawal fees on all payment options available. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of Plus500.

That being said, Plus500 offers major currencies such as Euro, US Dollar, Australian dollar, and the British Pound for almost all its customers. As an international CFD platform, Plus500 has different conditions and possibilities as base currencies for its accounts. However, everything depends on your country and the entity that you used to open your account. To create a standard account, you only need your ID or passport, proof of residency, and fill out a brief form.

• Plus500 operates on a spread-based fee model, with no commissions on trades.
• To sum it up, if you are concerned about the cumulative effect of various non-trading fees, you can rest assured that they are not an issue with Plus500.
• Plus500 allows traders to fund their trading accounts using various payment methods.
• Finally, let us compare Plus500 Standard Account spreads with those that other major brokerages offer on the most actively traded Forex pairs.
• Plus500 only offers individual trader accounts, excluding the company or corporate accounts that can often be opened with some other CFD trading platforms.

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However, we can’t overlook the large 15% portion of users who only give it one star. In summary, Plus500 is a great option for those who want a straightforward CFD trading experience, while eToro is better suited for those interested in social trading. Ensure that your account balance covers the margin requirements, or you may receive a margin call to top up your account. Traders should always monitor the spreads before executing a trade, especially during periods of high volatility.

• Plus500 is a market maker, so it uses a dealing desk execution and acts as the counterparty to your trades.
• Plus500 offers as CFDs 71 currency pairs, 19 cryptocurrency pairs, 23 commodities, 34 index CFDs, 1,737 equity CFDs, 105 ETFs, and 877 options contracts.
• This broker provides CFD trading services on over 2,000 securities and asset classes, including forex, options, indices, ETFs, cryptocurrencies and stocks.
• Yes, Plus500 is regulated by multiple authorities, including the FCA, CySEC, ASIC, and others.
• If you’re a fan of forex trading, few can match the service Plus500 offers.

Overall, Plus500 has quite a simple and transparent fee structure that we appreciate greatly. We’re sure that traders will also appreciate the affordability and straightforwardness of the broker that doesn’t charge any hidden fees and let’s users know what they will pay, upfront. Plus500 is regulated and licensed to operate by the appropriate securities authorities wherever necessary. At present, this list is comprised of entities like the Financial Conduct Authority (FCA) plus500 canada in the UK, Cyprus Securities and Exchange Commission (CySEC), and many more. Apart from its large presence in the markets, Plus500 Ltd is listed on the Main Market of the London Stock Exchange and has a spot in the FTSE 250 index.

TRUSTED BROKERS & TRADING PLATFORMS

Plus500 provides users with access to only two interest rate futures contracts, the 30-Day FedFund, and the Micro 10-Year Yield. These futures may be enough to gain exposure to major interest rate movements, but compared to the competition, Plus500’s offer seems limited. While far from the most extensive list, Plus500’s offerings in terms of metal futures will be good enough for most traders. But for traders who are looking for a broader array of metals, including lesser-traded and more specialized commodities like palladium, aluminum, or zinc, Plus500 will not meet the expectations. If you are looking for a platform that will allow you to engage in a comprehensive commodities trading experience we suggest you look elsewhere. But if you are just looking to diversify your trading beyond traditional asset classes, Plus500’s offer should be enough.

Trading Tools

In addition, Plus500 has obtained regulatory approval in all the regions it operates. Beginners can still familiarize themselves with the application thanks to a demo account that does not expire, and they can also hide the more complex and advanced features. For those seeking more advanced autotrading features, third-party platforms such as MetaTrader or ZuluTrade (not supported by Plus500) may be better options. Despite a lack of educational content, Plus500 is a winner for less-experienced traders who desire ease of use and simplicity.

Overall on Fees

Overnight fees are charged or added on basically every asset on Plus500, since it is a purely CFD provider. In line with its transparency, you can check the amount of the overnight fee on every single asset. The flagship and more popular account in Plus500 is the standard account.

Plus500 offers over 100 indicators and more than 20 drawing tools in its proprietary platforms. Traders have a charting ecosystem where they can explore and expand technical analysis. However, there are plenty of commodities options related to these assets.

You can also use the available tools, such as ‘Close at Profit’ (Stop Limit) or ‘Close at Loss’ (Stop loss), to manage your trades. At Plus500, you can see the overnight funding time and the daily overnight funding percentage in the “Details” link next to the instrument’s name on the main screen of the platform. If you are new to Plus500, you will need to first complete the account registration process before applying for Plus500 Pro. However, the lack of CFTC regulation means that Plus500 cannot provide online trading services to US citizens and residents. The minimum deposit at Plus500 is $100, higher than many brokers but within a reasonable range. You can see how many positions you have opened in the last week and explore how it compares to other Plus500 traders’ choices.