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0 comments July 10, 2024

Plus500 Review 2024 Pros, Cons & Key Findings

Plus500 has quickly earned a reputation as a reliable provideroffering competitive spreads and a relatively seamless trading experience. It is publicly traded on the London Stock Exchange under the ticker PLUS, having first floated with its IPO in 2013. The providercurrently has a market capitalisation of more than £1.4bn, up from the £1.3 billion market cap size of 2020. Registering an account with Plus500, depositing, and withdrawing are all free. Although there are no trading fees, you will incur costs like spreads and additional charges like inactivity fees or overnight funding costs.

Stocks and Shares

Read more about eToro here or sign up for a free demo account by clicking here. You can see how many positions you have opened in the last week and explore how it compares to other Plus500 traders’ choices. You can also learn what your favorite markets are, and how they compare to what is popular with other Plus500 traders.

Contacting Customer Support

Launched in 2008, Plus500 started its business endeavors as a PC-based trading platform. From here onwards, every year brought an important development which boosted the company’s public profile and valuation. You can use this tool to keep https://traderoom.info/ track of what you trade most, or how often you use risk management tools, and compare with other Plus500 traders. Further, Plus500 adheres to strict Anti-Money Laundering (AML) policies to keep client funds separate from operational funds.

Types of accounts on Plus500

Please note, some markets may only be available via CFDs or other derivatives. Note that the availability of trading instruments might vary based on your location. Plus500 can be suitable for beginners, especially those new to futures contracts trading, due to its user-friendly interface and straightforward platform. 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’s offer of crypto futures is quite limited, focusing solely on Micro Bitcoin and Micro Ethereum futures.

It has received awards and recognition from industry watchers for its excellent service. Plus500 also has one of the highest rated CFD apps on the App Store and Google Play. For this reason, we will do a thorough Plus500 review – so keep on reading. Plus 500 offers push notifications based on market events, alerts on price movements, and changes in its in-house trader sentiment indicator. These tools can come in quite handy as traders may use them to assist in their decision-making process.

Founded in 2008, Plus500 is a multi-regulated and leading online trading broker providing a large range of 2,000+ CFD instruments for trading on proprietary trading platforms. They offer commission free trading with tight spreads, a choice of convenient account funding options and highly rated 24/7 customer support. This broker has been around since the start of online trading and has established itself as one of the market leaders in every aspect.

  1. Plus500 also maintains an active presence across social media platforms, including Facebook, Twitter, and LinkedIn.
  2. On a more positive note, Plus500 Ltd is listed on the London Stock Exchange, which adds to its credibility and is a promising sign that the company is financially stable.
  3. In order to use the Plus500 demo all you have to do is register a trading account with a valid email and password.
  4. Companies listed on many exchanges from many countries, including Ireland, Hong Kong, Denmark, Netherlands, Poland, Finland, Belgium, Sweden, South Africa, and more, are listed for your trade.
  5. The table below summarizes the CFD investment products available at Plus500.

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Plus500 provides some useful trading tools to meet the needs of the average trader. Advanced traders may find the tools a bit lacking, as there is no social, copy, or algorithmic trading and no asset screeners. As Plus500 only offers CFDs and not investment, it doesn’t provide tax-advantaged accounts such as ISAs or SIPPs. John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. 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.

These could be handy features for some traders, though others may be disappointed by the lack of deep analysis and asset screeners. All in all, there is enough variety of available CFDs for most traders. That said, as a broker that deals solely with CFDs, 2,800 instruments is simply not enough. Other brokers, like Saxo Markets, give their users access to more than 8,800 CFDs, in addition to other asset classes, which Plus500 doesn’t provide. Plus500 is a CFD trading broker, which means that it allows traders to speculate on the price movements of a wide range of financial markets without actually owning the underlying asset. Overall, Plus500 is a solid choice for those new to CFD trading, though more experienced traders might seek platforms with broader capabilities and deeper market analysis tools.

If you want to switch between Live and Demo, this can be done by simply toggling between the two accounts. 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. The firm has in recent times worked on building up its educational and research materials, which had for some time meant it lagged its peer group in that area.

Not all providers are listed on exchanges and being a publicly traded company means Plus500 must comply with additional rules and regulations. It has to file reports to the exchange and, compared to privately-owned providers, has to provide greater transparency about its financial health. From a trader’s viewpoint, Plus500 offers most of the markets needed to get started. It provides CFD markets in forex, indices, commodities, stocks, and ETFs. Those looking to run strategies that are a little bit more sophisticated will be interested in the options markets on offer.

Plus500 has been operating since 2008 and has a strong reputation in the industry and trading community. It has a loyal customer base formed of traders who find the platform’s super-easy functionality a neat fit for their interaction with the markets. Also, it continues to develop and release innovative features, all designed to stack the odds in favour of its clients. The firm is regulated by Tier-1 authorities including can plus500 be trusted FCA, CySEC, MAS and ASIC and has bricks and mortar offices in the UK, Cyprus, Singapore, Australia, and Seychelles. It is one of the established ‘big boys’ in the sector, which means Forex Fraud mark them down as a trusted CFD provider. The Plus500 trading platform is an intuitive platform, which enables clients to trade on over 2,000+ instruments across multiple markets with competitive spreads and no commission charged.

Plus500 is covered by the Financial Services Compensation Scheme. This means that in the event of the broker going bankrupt, users could claim up to £85,000 in compensation. The company publishes its financial statements, annual reports, and transactions in its own shares. The Plus500 platform is available on both Android and iOS devices through its native apps for both operating systems.

How customized is it for trading novices to understand and navigate the platform? These are questions we investigate and rate in this section, as it is one of the most important aspects of choosing a trading platform, in our opinion. However, other fees, such as overnight funding fees for holding positions overnight, inactivity fees, and currency conversion fees, may apply. However, as with any trading platform, it’s crucial to do your own research, understand the risks involved, and trade responsibly.

Here is an overview of the typical processing withdrawal times for the different deposit methods. Messages are listed by importance, and the publication date is announced. Plus500’s user-friendly interface and straightforward platform is suitable for all traders. Plus500 is a legitimate brokerage platform regulated by multiple reputable authorities.

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