The minimum Plus500 deposit can vary depending on the payment method. Credit cards have a $100 minimum deposit, while the lowest amount is $500 with wire transfers. 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.
It offers both dark and white themes and provides multiple charting analysis tools. Though the layout could be improved, it is easy to understand and to use. Platforms are a crucial area when it comes to talking about providers. Let’s take a look into the available trading platforms that Plus500 provides and how its mobile offering works. The CFD provider offers an extremely user-friendly trading platform of their own to all traders.
- Apart from a lack of educational material and some other minor glitches, Plus500 is the clear winner in options for beginners and less-experienced traders wanting to try their hand to make money.
- Plus500 does not provide a trading journal or tax accounting tools on the platform.
- Once the portfolio drops to $200, Plus500 restores the starting balance.
- Overall, it’s excellent, and highly recommended for all traders.
However, if you are taking a break for longer than 3 months, all you need to do is log back in at some point, and the 3 months starts again (you don’t need to trade, just log in). If you only want to trade crypto, check out the best crypto exchanges – as you are allowed to buy crypto directly in the UK. Plus500 does offer the ability to trade crypto, such as Bitcoin and Ethereum (as CFDs), however in the UK, you’re unable to trade crypto CFDs, as this is currently restricted by law. With Plus500, you trade the option price (via CFDs), rather than buying the options directly.
Plus500 excels in this area as it provides a wide range of instruments catering to traders with different preferences and strategies. Discover thousands of CFDs on the world’s most popular financial instruments and get free real-time quotes to explore endless trading opportunities. Happy with the conditions, platforms, assets Not happy with how bad the customer support is. If you’re this big in the broker world you need to have at least a decent support.
While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. U.S. customers can, instead, take advantage of the US-based Plus500 https://forex-review.net/reviews-about-plus500/ Futures platform. The leverage options are well-balanced, and their customer support is prompt and helpful. Most importantly, the spreads and fees are competitive, adding to its appeal as a cost-effective trading platform.
The Trustpilot Experience
However, it’s crucial to note that while there are potential gains, there is also the possibility of capital losses. Trading involves risks, including the potential loss of invested capital, and traders should be mindful of these risks when making investment decisions. Diverse indices representing different markets and sectors, including the S&P 500 and FTSE 100, are available for speculation.
One notable advantage for beginners is the access to an unlimited demo account, allowing them to initiate their trading experience with Plus500 without any financial risk. Plus500 is a global multi-asset fintech group operating trading platforms globally, offering offers a range of trading products including CFDs, Share dealing, and Futures trading (US). Plus500 is regulated by FCA, ASIC, MiFID, JFSA, MAS, FMA, CFTC, CySEC, EFSA; registered with BaFIN, CONSOB, CNMV. The broker is a fast-growing firm spreading all across Europe and Asia.
MAM/PAMM Accounts
Also, they feature a high conversion charge of 0.7% if you are trading with a different currency than that which you opened your account with. As an whole package, we believe that the User-friendliness, 24/7 customer support and high level of regulation (and trust) makes Plus500 a strong contender for traders. Furthermore, it is possible to set an alert when the trader sentiment tool moves above or below a certain level.
This is nice, considering the high number of different securities a day-trader may analyze during a single session. There’s a news feed comprised of an economic calendar and a corporate events calendar. No real-time news feed featuring major news outlets such as Reuters or CNN Money is available within the platform. Plus 500 offers 60+ most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP with leverage.
Trade CFDs on Indices from around the globe
CFDs are inherently risky derivatives thanks to the leverage involved and the volatile nature of either/or trades. If you lose a few trades in a row, you could find yourself facing a margin call. Your data is safe with a certified security protocol (SSL), and your funds are held in segregated bank accounts, in accordance with regulatory requirements. I am new to this, my first impressions using the demo account are good.
User Reviews
However, unlike its peers, the Plus500 services provider does not have a popular MetaTrader4 platform with more options for customization and functionalities. The proprietary platform of Plus500, WebTrader, overall provides a rich and user-friendly trading experience. The platform can be accessed from various devices such as a tablet, website, Windows PC, smartphone, and web browser.
The WebTrader platform’s highpoint is the optimized solutions it offers for proper charting with more than 100 technical indicators and the facility to save chart templates. There are also 21 drawing tools in the charts that go a long way to assist investors in technical analysis. A Plus500 review shows that the commissions and fees structure of the broker is rounded off with third-party processing fees and a 0.3% currency conversion fee. All the charges are above board, and the broker maintains a completely transparent front in this regard. Plus500 offers over 100 indicators and more than 20 drawing tools in its proprietary platforms.
Clients can select from 2,000 instruments, scrutinize their selection on a tailor-made technical analysis chart, and place their trades with just a few clicks from the same window. Plus500 review shows that it acts as principal and covers its exposure with its primary company. This assists in eliminating market risk and minimizing losses. Though it has regulatory licenses from authorities in the Asia-Pacific region and Europe, Plus500 does not offer any additional deposit insurance, being restricted to what is laid down in law.
Plus500 trading platform
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. The customer service team is available in 30 languages and has a local office in Sydney, ensuring efficient issue resolution.
Plus500 is regarded as one of the leading CFD brokers in Europe for a variety of reasons. This broker provides CFD trading services on over 2,000 securities and asset classes, including forex, options, indices, ETFs, cryptocurrencies and stocks. Want to learn more about one of the best CFD trading platforms in the world? Our Plus500 broker review will https://forex-review.net/ show you how this company has built up a reputation for excellence through low fees, tight spreads and hundreds of trading options. 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 levies a currency conversion fee of up to 0.70% on realized profits and losses. For example, if you have the US Dollar as your account base currency and make trades in Euro-denominated assets, Plus500 will charge a currency conversion fee. Traders can conveniently check applicable fees by clicking on the Details link next to the name of the trading instrument in the trading platform. Plus500 expands its market horizon with the Plus500 Securities platform, catering to the Japanese market.