Plus500 Information
Plus500 is an online trading platform that offers 2,800 Contracts for Difference (CFDs) on cryptos, indices, forex, commodities, shares, and ETFs. It was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.
Pros & Cons
Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.
However, traders who require MT4 and MT5 trading platforms, or do not want to pay for an inactivity fee may need to consider other brokers.
Pros
Simple and easy-to-use trading platform
Commission-free trading
Tight spreads
Negative balance protection
Regulated by reputable financial authorities
Free demo accounts
Cons
No support for MetaTrader platform
Limited customer support options
Inactivity fee charged
Market Instruments
Plus500 offers 2,800 CFDs, including:
Forex pairs major, minor, and exotic currency pairs
Stocks CFDs on stocks from various international markets
Indices CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more
Commodities CFDs on precious metals, energies, and agricultural products
Cryptocurrencies CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more
Accounts
Plus500 offers two types of accounts: a live trading account and a demo account.
The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,800 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.
The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.
Education
Plus500 provides rich educational resources on their website, which includes trading academy, trader’s guide, beginner’s guide, webinars, ebook, FAQ, and news. The educational resources cover topics such as trading basics, technical analysis, and risk management.
