Instead, it keeps user funds in segregated accounts and administers them in accordance with the regulatory requirements. They can be used to open and close positions, set orders, monitor and analyze charts, set alerts, send notifications, and do essentially all the things that mobile traders need. 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. What it can’t do is provide you with a diversified trading experience across global and emerging markets, or give you the sophisticated analytical tools to develop complex strategies. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
Customer Reviews
- All in all, it seems that Plus500 is a good CFD provider for many traders, but is it a good CFD provider for you?
- However, Plus500 is very transparent with its fees and allows users to see exactly how much they will be charged if they decide to place a stop order or hold their position overnight.
- That said, while Plus500’s selection covers the most prominent and widely followed indices, it may be considered limited compared to other platforms.
- Even though this is the case, there are many coins to choose from when trading speculative contracts with Plus500.
A nice thing about Plus500 is that the order types are named to make it clearer what each is for. You can even hover over the order type to see an explanation of what it does. You can create a market order, or switch to a limit order by expanding the Advanced section and selecting ‘Buy (or Sell) when rate is’.
Forex Brokers
If you look through the “insights” section, you will notice that insights are available through the platform (in the dashboard) once you have gone through registration. We included this section because even though it is specifically for Plus500, this section is dedicated to the overall markets and is not specific knowledge of how to “use” the platform itself. Although your registration is complete, you will still need to verify your account if you wish to deposit and withdraw. Remember that your account will need to be funded if you plan to open any live positions.
Range of Markets
We will take a look at Plus500’s offer in more detail soon, but first, let’s see if this company ticks the most important box – trustworthiness. Plus500 distinguishes itself with call and put options, as well as futures (via the Plus500Futures platform), providing an alternative means to speculate on popular financial markets. These options offer leverage and diverse expiry dates, enhancing trading flexibility. Plus500 have developed their mobile apps to match the WebTrader online platform . Stop loss and limits are available, free alerts and a full range of markets and instruments are available. While Plus500 offers demo accounts with a virtual balance of $50,000, it also offers trading with real money accounts which may or may not earn real money profit.
Leverage trading
This is available to all new traders who have created an account with the broker and would like to practice in a non-threatening way. Lastly, there may be additional fees that may apply for guaranteed stop orders. These are essentially order levels that Plus500 guarantees will get executed at once the price reaches that level. In order to compensate for the broker risk with these orders, the spreads may be slightly larger. It operates under licence from Tier-1 regulators; however, being a global provider, the exact terms and conditions of client protection depend on where account holders live. EToro is a UK regulated trading platform with a range of products & features to enjoy.
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. Whilst most brokers tend to offer the popular MetaTrader trading platform, the Plus500 platform is very modern and polished, with can plus500 be trusted all of the functions most traders will ever need all from one interface. The only issue I see is that you would need to learn another platform from scratch if you decided to change brokers down the line. On the other hand, MetaTrader is available through many trading brokers, including Pepperstone.
Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. However, the opinions and reviews published here are entirely our own. Plus500 is a market maker, acting as the counterparty to positions opened by its users. As a result, commissions are included in spreads and execution is usually reliable. However, other fees, such as overnight funding fees for holding positions overnight, inactivity fees, and currency conversion fees, may apply. While Plus500 has established regulatory compliance and security measures, it’s prudent to perform due diligence, review its terms and conditions, and trade cautiously with any platform to mitigate risks.
The Plus500 mobile applications include all of the functionality available in the desktop application. Traders can access all of Plus500’s product catalog, account details, conditional orders, and charting (complete with technical indicators) from the Android, iOS, and Windows 10 apps. Guaranteed stops are available with some markets; however, they come with an increased spread and cannot be added to previously opened trades. While Plus500 has made strides in improving its educational content, traders seeking in-depth educational resources and comprehensive courses might supplement their learning with additional external sources. All fund deposits must be made from a bank account tied to the Plus500 user; additional documents may need to be provided to prove you are in fact the person who owns the bank account.
For example, the Trader’s Trends module displays the number of views and level of popularity for a given asset (including its ranking as either a profit-making or loss-making position over a 24-hour period). 👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 👉 Plus500 is a market leader in CFD trading across a variety of asset classes. Plus500 has an excellent trust rating and is widely regarded as one of the top online brokers available today. Plus500AU Pty Ltd is an Australian firm established in Sydney that offers a variety of trading options to Australian traders.
👉 Plus500AU Pty Ltd is also a licensed and regulated FSP in South Africa, with license number issued by the Financial Sector Conduct Authority (FSCA). Plus500UK Ltd is a company registered and regulated by the respectable Financial Conduct Authority (FRN ). 🥇 Plus500 does not dominate the market share in Kenya, but the broker is still considered one of the Top 50 brokers for Kenyans. Theonline chat option has an easy interface, but it feels like aChatbot.However, that is not a problem because the technology is advancedenough to answer any question that has been asked. The software itself linksand identifies questions from the resources or FAQ section.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
It offers limited in-house research, but does provide economic and earnings calendars as well as a news and market insights section. Certain markets on Plus500 offer guaranteed stops, but they involve a wider spread and cannot be applied to trades that have already been opened. The broker accepts multiple fee-free and secure payment options, including wire transfers, credit/debit cards, and e-wallets like PayPal and Skrill.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. 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. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. With nearly 2,000 CFDs available alongside a low minimum deposit requirement for opening a live account, Plus500 provides new market entrants an easy way to explore the world of online trading. ForexBrokers.com has https://traderoom.info/ been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Through CFDs, Plus500 enables you to trade stocks, cryptocurrencies, forex, and commodities. To profit on Plus500, you must have a thorough grasp of the financial markets.
While Plus500 doesn’t charge any fees on deposits, it is worth checking the T&Cs of individual payment providers. The Plus500 Funds Management dashboard is a useful feature as it gives a clear illustration of the history of deposits and withdrawals, and also margin rates on open positions. This is a step up in terms of quality of service, as some providers simply provide a payment interface. There are some negative reviews as well, though most of them have nothing to do with the app and its functions. It is mainly users who lost money while trading, blaming the app for their unsuccessful endeavours. Among Android users, Plus500 has an even more positive reputation, with a 4.3-star rating out of more than 106k reviews.