Plus500 Review year Pros & Cons, CFD Trading & More

Plus500 Review year Pros & Cons, CFD Trading & More

You can add a stop loss to your order (called ‘Close at loss’) or a stop limit (‘Close at profit’), as well as a guaranteed stop. Plus500 operates an Australian subsidiary with ASIC oversight and is a good CFD broker for manual traders. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Forex Risk Disclaimer

This review found that the Plus500 trading platform is one of the best proprietary platforms in the industry. Its offering is vast and includes the most popular markets and a large number of trading instruments via CFDs. Due to the wide range of trading assets available through this CFD provider, it is recommended for traders seeking access to various markets as opposed to one specific trading platform. When it comes to safety and security, Plus500™ prioritizes the protection of its users’ funds and personal data. The platform operates under strict regulatory oversight, with client funds held in segregated trust accounts to ensure transparency and security.

Plus500 is as beginner-friendly as a futures trading platform can be. Futures trading is a complex and risky endeavor, but Plus500 tries to make things clear with its straightforward and simplistic interface and trading tools. 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. While far from the most extensive list, Plus500’s offerings in terms of metal futures will be good enough for most traders.

They cover a variety of subjects, including an introduction to CFD trading, trading methods, and more. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

In forex, they were competitive with a tight spread of 0.8 pips in EUR/USD. Spreads in the stock CFDs we tested were slightly higher than average. Spreads in indices and commodities were about average for the industry.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. While Plus500 still include this feature, all brokers regulated by ASIC, FCA or European Regulators such as CySEC of BaFIN much offer Negative Balance Protection. If you withdraw funds to PayPal, you’ll receive slightly less due to PayPal’s foreign exchange rates being worse than transferring to your bank account. To open a trading position with Plus500, a minimum deposit of $100 or equivalent in your currency is required.

Fast deposit & withdrawal

The following section will dive deeper into Plus500’s trading tools and features, as well as the platform’s research and learning materials offerings. Beginner forex traders, as well as those who are experienced but prefer the major pairs would find the Plus500 offer sufficient. However, traders who specialize in trading minor and exotic pairs should avoid Plus500, as there are so many other platforms online that provide a significantly larger variety. Founded in 2008, the Israel-based company operates via several subsidiaries throughout Europe and the Asia-Pacific region and is registered with the relevant regulatory authorities.

• Finally, Plus500 also protects users from having negative balances through its margin call feature.
• This lower barrier to entry allows traders to start with a modest investment and gradually increase their exposure as they gain experience.
• Plus500 is best suited to traders who are interested in CFD trading on a variety of international markets, including stocks, forex, commodities, and options.
• Plus500AU Pty Ltd holds client money in a segregated trust account, in accordance with the Australian legal requirements.
• For those seeking more advanced autotrading features, third-party platforms such as MetaTrader or ZuluTrade (not supported by Plus500) may be better options.
• Plus500 is an international online trading platform, founded by six alumni of the Technion – Israel Institute of Technology in 2008.

Foreign exchange (forex)

Remember that the offering may vary depending on the country and branch where you are based. While most of the traditional trading techniques are available, due to regulation parameters, Plus500 does not allow scalping, hedging, algorithmic trading, or spread betting strategies. In contrast to Close at Profit, Trailing Stops will not close your position but will allow it to remain open as far as the asset keeps moving in your favor. First, the Close at Profit and Close at Loss tool will end your position once it reaches the levels you have set to secure the profit or limit the losses.

Plus500 can be a good choice for retail futures traders, particularly beginners who value simplicity and access to the most commonly traded markets. It is a safe platform, with a transparent fee structure and relatively affordable trading fees. The standout features for us are its free demo account and risk management tools. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.

• However, for beginner traders who haven’t dealt with cryptocurrency futures before, Plus500’s limited selection can be advantageous.
• What’s interesting is that Plus500 does not reveal the requirements a user has to meet to become a part of this VIP tier.
• Traders have a charting ecosystem where they can explore and expand technical analysis.
• ‘+Insights’ also lets users filter and focus their exploration which also helps users get to know the market trends more deeply and support their trading strategy.
• The option (contract) itself has a price that changes over time and in relation to the actual asset price (e.g. the stock).

What account types are available with Plus500?

There are a few additional fees that may apply depending on your trading activity. For example, overnight funding charges may apply if you hold positions plus500 review overnight, and a currency conversion fee may be levied if your trade is in a different currency than your account. Plus500 also charges an inactivity fee after three months of account inactivity. However, the platform does not charge fees for deposits or withdrawals, making it a cost-effective choice for traders. Spread betting is a form of derivative trading where traders bet on the direction of the price movement of an asset. Plus500 offers spread betting to UK residents, allowing them to speculate on various assets, including forex, stocks, indices, and commodities.

Plus500 mobile app screenshots

For a more advanced trading experience, consider IG or CMC Markets. We are thrilled to hear that you had a positive experience with our withdrawal process. We strive to provide our customers with quick and convenient access to their funds. We appreciate your feedback and will continue to work towards improving our services.

What Platforms does Plus500 offer?

You’ll need to complete your registration to start trading and the first step is to verify your account. Plus500 charges an overnight funding fee and a currency conversion fee up to 0.7%. I’ve been consistently impressed with Plus500’s accurate market analysis, which has helped me make better-informed trading decisions. I appreciate the diverse range of instruments available on Plus500, which allows me to explore different trading opportunities without any hassle. We are pleased to hear you are enjoying trading on Plus500’s platform.