Plus500 has a simple, easy-to-use site, with an especially well-designed mobile platform. The account opening process and customer support are great. During our account opening testing, our account was opened within a day.

You can also save each chart and alter the chart style and resolution. The Plus500 proprietary trading platform offers an intuitive and user-friendly interface that is accessible from your web browser. However, you cannot integrate it with the top-rated MetaTrader suite. Additionally, you can use leverage to increase your purchasing power which maximizes both potential profits and losses. But, Plus500 provides negative balance protection which means that your account balance cannot drop below zero.

You should consider whether you are fully aware of the risks involved and the high probability of losing your money. Plus500 Australia is a trusted broker, regulated by ASIC. Plus500 AUS is known for their great proprietary trading platform and an easy to use mobile app. We recommend it for Australian traders, looking for a robust CFD trading platform with great product range, customer support and functionality.

Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. How areregular people making returns of as much as 70% in a year with no risk? By properly setting up a FREE Pionex grid bot – click the button to learn more. Penelope Judd, Chairman – A seasoned veteran of the accounting space with 30 years of experience in Compliance, Regulation, Corporate Finance and Auditing. She succeeded the company’s previous chairman Alastair Gordon who served as the chairman since Plus500’s 2013 IPO.

Is Plus500 regulated?

Financing rates of Plus500 are published only on the trading platform, and the estimation technique is not straightforward. Customer instruction materials are generally missing from the Plus500 platform and the trading platform which is accessible is light when compared to Plus500’s rivals. Moreover, this broker has extremely focused spreads, which minimizes expenses. Plus500 does not have more information, yet it offers very little information with regards to analysis, research, commentary, and tools.

This is often because people have lost their money with their trades. Our website is free for our visitors, but in order to provide this free service we may be compensated, receive commissions or advertising fees from brokers listed on our website. If you want to make a lot of money on the trading of digital currencies, you’ll need a fast trading platform with quick trade execution. As the market changes really quickly, a highly rapid, proficient, and efficient platform is needed. Indices are a compilation of equities and assets that are being used to track a corporation’s or sector’s growth or progression. This whole-sector technology enables us to examine how a segment of the market is functioning to better comprehend business opportunities and price volatility.

• You need to consider all points of the trading offering together with other fees, trading conditions, regulations and so.
• Here is an overview how Plus500 compares to similar trading platforms.
• Their regulation is is a good indication that they are not a scam company.
• All of the financial instruments offered are traded as CFDs.
• With the CopyTrader tool you can copy the trades of other eToro investors after browsing through their public profiles to assess their portfolios and risk score.

It needs to be criticized that Plus500 on the other hand only offers customer support via mail and that traders don’t have access to training material. Plus500 is a free trading platform that facilitates commission-free CFD trading. This is ideal for traders of all experience levels who are searching for a low-cost way to trade heaps of financial instruments. The majority of the trading fees you will find on Plus500 are included in the spreads, which simply is the difference between the bid and ask price. The traders don’t need to install or download it on PCs; you just need an internet connection. There’s good news for the new traders that this web-based trading platform is a good place to start their trading journey.

Withdrawals Options and Fees

The representatives of the broker are available 24/7 to assist the traders. The clients can contact staff via email, live chat, or phone number. There is also a FAQs section where the traders can get the answer to their questions. There are many brokers in the financial market who manipulate their user’s data to make money.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Many investors choose to use Plus500 because of their web-based trading https://broker-review.org/ platform. You will also find the mobile apps for iOS, Android, and Windows, which makes for easy trading on your Tablet and Phone. Any asset you want to trade, is available on their trading platform.

Plus500 also provides a demo account that can be opened immediately. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.

Plus500 has an economic calendar that uses official Dow Jones data to display forthcoming market events and their outcomes. Moreover, such insights can be conveniently filtered by the regions and publications most relevant to your investment strategies. Hence, you would never waste your time reading news that you really don’t need.

In 2013 Plus500 Ltd went public in the AIM section of the London Stock Exchange, and in 2018 joined the UK FTSE 250 index of leading mid-cap listed companies. Once you are familiar with the risks and the way in which you invest in CFDs, Plus500 is an excellent broker. Plus500 is a legitimate company that has been operating since 2008. To further investigate the company, I even visited their office. All employees eat ice cream for free, and they even have a gym in the building.

Fee conditions upon opening of trade

In the sections below, you will find the most relevant fees of Plus500 for each asset class. For example, in the case of forex and stock index trading, the most important fees are spreads, commissions and financing rates. PLUS500 appear to me to be a money losing PIT for the unwary. Be aware something is not right with PLUS500 based on my experience. And in regards to other brokers for leveraged btc/usd trading you can look at iqoption and kraken.

The traders have several options, the process is free of charge and simple. Moreover, the traders can also trade with options on a few CFDs, stock, and stock index. The platform is proprietary and web-based, so they’ve decided not to go for the ever-popular Meta Trader 4 or 5, which at first I thought it was going to be a disadvantage. However, the platform is so easy to use and intuitive, that I had a change of mind in less than half an hour of using it. This is truly a global broker, with an active presence and full regulation. All client funds are securely held in segregated bank accounts and are not used by the broker for its daily expenses.

You have performed an average of at least 10 transactions per quarter, of significant size, over the previous four quarters on the relevant market1(with Plus500 and/or other providers). Trading on this platform doesn’t give you any ownership rights over the underlying asset. Indices – The platform lets you trade indices like USA 500, NASDAQ 100 and France 40, all with leverage. A web-based version of the platform was created in 2010, opening CFD trading abilities to a wider audience of Linux, Mac, and smartphone-using individuals . I asked Plus 500 to re fund my account with the equity available before the fail in the system, this is 3182,77 CHF.

With fractional share trading you can invest as little as $50 in shares of major stocks to buy a portion of that share thus helping to diversify your portfolio and gain exposure to more stock markets. Plus500UK Ltd is regulated and authorised by the United Kingdom’s Financial Conduct Authority to provide CFD trading services. In 2013 Plus500 Ltd went public in the AIM section of the LSE, and then in 2018 joined the UK FTSE 250 index of leading mid-cap listed companies. Additionally, you can manage your risk tolerance with advanced risk management tools including Stop Limit, Stop Loss, Guaranteed Stop, and Trailing Stop orders.

Accessing the platform’s main options through the bottom icons such as positions, notifications, funds management and settings. We’re looking forward to Plus500 developing new tools that help traders research the assets they want to trade. To access the trading history window, click on the briefcase icon on the left panel and the platform will open all your old trades within a particular time range. You can change the preset timeframe and get a full report of all your executed trades and send automatically a copy via email to yourself. While not fully crypto-oriented, Plus500 caught our eye due to the fact that they do offer some crypto-related trading. Daytraders and those who are quick on the trade trigger won’t find much luck here, as aggressive strategies will be frowned upon by the broker.

Taking Heat Online

In keeping with KYC policy, you will be required to upload copies of your passport or driver’s license, as well as a recent utility bill or bank statement as proof of both identity and address. The account verification process typically takes minutes to complete. Opening an account with Plus500 is a streamlined and straightforward process that only takes a matter of minutes to complete.

Market Instruments

Others have complained about Plus500’s scalping policy – trades that are opened and closed within 2 minutes are considered scalping and this is frowned upon by Plus500. Eightcap review covering their licences, minimum deposit and withdrawal, fees, account types, platforms and more. Out of both platforms, Plus500’s web trading platform is the best. We found it responsive, plus500 review fast, intuitive and has a lot of safety features to avoid confusions for non experienced traders. Plus500 is a CFD market maker, hence their spread is not that competitive when compared to other market players. Plus500 is compensated for its services through the Buy/Sell (Bid/Ask) spread so when you open a position, you essentially “pay” the spread.

Their wide range of investment options should suffice most traders. Their customer support enjoys positive feedback from traders within their platform. The Plus 500 platform has live online chat customer service and e-mail customer support, and representatives are available 24/7. The live chat is quick to respond and customer service responses were relevant and knowledgeable. You can also deposit and withdraw money directly from the app.