Plus500 Review 2021

Additionally, Plus500 is an Australian brokerage firm with its headquarters in Sydney.
Plus500 takes great pride in being one of the most highly rated CFD providers across a wide range of markets. Plus500 is in a good position to ensure future growth as a result of its lucrative foundation.

While maintaining pricing transparency and a focus on innovation in relation to marketing initiatives, Plus500 is committed to providing a cumulative offering to traders with a variety of needs and trading preferences. Plus500 is also committed to expanding its reach in the global trading community by increasing its cumulative offering.

When selecting a broker, one of the factors to consider is the amount of commission charged. Plus500 offers a cost structure that is easy to understand. One of the most important features to look for is a tight spread of just 0.6 pips for the EUR/USD pair, as well as a diverse selection of trading instruments. Plus500's costs are solely based on fee-free spreads since this kind of charge is the most straightforward to calculate and is the best option for many traders who are not reliant on a specific trading technique.

Further, there is no withdrawal fee and the minimum withdrawal amount is 100$, which is a significant savings. Nonetheless, Plus500 will levy a fee for accounts that are inactive for an extended period of time. This implies that if the account stays dormant for three months and has no transactions, a fee of up to ten dollars will be levied.

Plus500 only provides one kind of account, which is known to as a Retail account by the industry. If you satisfy two of the following three requirements, you may be eligible to apply for a Professional account:

• Trading activity has been sufficient in the past 12 months.
• Portfolio of financial instruments valued at more than €500,000
• Relevant work experience in the financial services industry is required.

Plus500 allows clients to open an account completely online and in a user-friendly manner.
This implies that you will be able to complete the registration procedure quickly and simply while sitting in front of your device.

Following the completion of the online registration process, you will be required to authenticate your identity and submit evidence of residence. You may submit a copy of your identification card or passport to validate your identity, as well as a bank statement or utility bill to prove your residence in order to complete the process. You may also use a driving licence or a residence permit for ID verification, as well as a toll taxes letter, a pay slip, or an address card to prove your domicile.

In contrast to a bank transfer, which may take several business days, payment with a credit/debit card and electronic wallets is immediate.

Money may only be deposited into your account if the account is in your name.

You may only make withdrawals from accounts that are in your name.

What is the process for withdrawing money from Plus500?

Making deals is the most essential part of the trading business. There is a Flash version of the WebTrader Plus500 platform. This implies that in order to trade, you do not need to install any software at all on your computer.

A mobile-optimized version of the site is also available for your convenience. Nothing has to be downloaded and you may use your smartphone or tablet without having to download anything. However, if you so want, you may download and use a mobile trading application on your smartphone.

Plus500 trading programme is popular among experts as well. A variety of analytical tools will assist consumers in better understanding the trends of the industry. The only thing you'll need to utilise the Plus500 trading programme is your smartphone.

Although it is accessible for no cost, its high quality has already been established by favourable evaluations in shops. As a result, it becomes a significant option on the road to profitability as well. An inactivity fee of ten euros is levied if the account has been inactive for more than three months.

The charge, on the other hand, will only be applied if there is sufficient money in the account. The possibility of a negative balance exists but is not expected. Plus500 customers may trade Bitcoin, allowing them to make significant profits.

In order to minimise the possibility of huge losses, a guaranteed stop loss feature has been included.

Plus500 provides traders with CFDs on all of the most prominent financial markets, as well as currency. When compared to their rivals, they have a wide variety of markets. Many financial markets are accessible via their low competitive spreads, leverage, and options trading. They do not provide bonding services.

• CFDs on 1,800 stocks
• CFDs on stock indexes (33 contracts)
• CFDs on exchange-traded funds (ETFs) and commodity futures (CFDs)
• 14 CFDs on cryptocurrencies are available.
• 70 different currency pairs are traded on the spot market.

Plus 500 provides leverage on more than 60 of the most popular forex pairings, including the EUR/USD, GBP/USD, and EUR/GBP. CFDs are used for all of the trading in the Forex markets. They provide cutting-edge solutions for preserving your earnings and limiting the possibility of losses.

Cryptocurrencies are being made available.

Yes, you may trade cryptocurrencies on Plus500's trading platform.
Here is a complete list of all of the cryptocurrencies that are currently available:

Neither trade ideas nor fundamental data are available from Plus500.

Charting

The quality of the graphing tool is excellent. There are 119 technical indicators as well as a number of useful editing tools. You may also save the charts that you create.

This is particularly advantageous for customers that need a large number of technical indications. The majority of well-known technical indicators, such as the RSI, MACD, and so on, are accessible.

Feed of recent news

The economic calendar and market analysis produced by Plus500's research staff are both well-designed, however there is no news feed or newsletter.

Short assessments of market events and businesses may be found on this page. Plus500's website has these assessments available for viewing if you head to the Trading section and then to the 'News and Market Insight' section.

The economic calendar was a hit with us. You have the option of filtering for macro events or events that are relevant to your business.

Other research tools that you may find useful

Additionally, the Traders' Sentiment tool at Plus500 may be used, which displays the percentage of buyers and sellers at Plus500 for a particular asset. This is not, however, a feature that may be used for ladder trading purposes. Nonetheless, it may be a helpful piece of information.

A tool called "Live Data" is also available, which displays a few statistics regarding the price of an asset, such as the lowest and highest price within 5 minutes, within 60 minutes, or during a single day.

Education and training are not of the highest quality. TradeStation offers a demo account for traders who want to get a feel for the platform before putting their own money on the line. Experimenting with a demo account is a fantastic way for novices to learn the ropes and get valuable experience. Plus500 does supply its customers with the KID document (also known as the "Key Information Document"). The KID document explains the instrument information and risks involved with trading commodities, ETFs, forex, indexes, options, equities, or cryptocurrencies, as well as other financial instruments.

Their website has a section titled "Trader's Guide," which contains short videos:

These films serve as demonstrations of how the platform is used. These instructional tools are not intended for traders who want to improve the performance and outcomes of their portfolios via the use of technical analysis.

Plus500 has a section devoted to risk management. It goes through each of the many kinds of conditional orders that are available and how they may assist traders in reducing risk.

What makes Plus500 so secure is as follows:

Plus500 is a legitimate company that is regulated by the most stringent financial regulators. Plus500 is regulated by some of the world's most prestigious financial authorities

As a result, it is considered a safe broker (low-risk).

Plus500 is a legitimate company that is regulated by the most stringent financial regulators. Plus500 is regulated by some of the world's most prestigious financial authorities

Plus500CY Ltd. is licenced and regulated by the Cyprus Securities and Exchange Commission (#250/14).

It is a publicly traded business that is traded on the London Stock Exchange (LSE: PLUS) and is a component of the FTSE 250 Index.

According to the Financial Services Compensation Scheme (FSCS), traders are covered (FSCS)
There is a public offering of shares on the London Stock Exchange. This significantly improves the openness of the business's activities, as well as the solvency and liquidity of the organisation. This is critical in order to safeguard the money it holds on behalf of its investors.

Plus500 is a reputable CFD brokerage. It is suggested for traders who understand the dangers associated with CFD trading. The broker is regulated by a number of financial regulators across the world, including the Financial Conduct Authority of the United Kingdom, and is publicly traded on the London Stock Exchange. For those who do not reside in the United Kingdom, other regulators such as Plus500 Cyprus will most likely be of use. For example, in this situation, you would be covered under the Cypriot investor protection law.

Attention Daytraders: Please Read! "A trading technique based on the idea that customer transactions are started and completed within a two-minute time limit in order to collect fast gains from minor price fluctuations," according to the Plus500 definition. If Plus500 suspects that you are scalping, your account may be banned and your account may be canceled. As a result, if you want to make a large number of transactions within 2 minutes, Plus500 is not the broker for you.

The Plus500 platform is simple to use, and it provides an excellent user experience even for those who are new to it. The account opening process and customer service are both smooth.

CFDs, on the other hand, are the only product available, and the research tools are restricted, as are the CFD fees, which are standard.
You should feel free to give Plus500 a try since the minimum deposit requirement is minimal, there is no withdrawal charge for withdrawals above $100, and the inactivity fee only kicks in after three months of inactivity. Just be careful not to risk all of your money while trading CFDs with this - or any - provider, since it is very simple to lose money when trading CFDs. When dealing with CFDs, there is always a significant danger of losing your money. Use caution!

If you believe that any of the above Plus500 options are not quite what you are searching for, or if you would just want to see some alternatives, please let us know. Consider the alternatives to Plus500 listed below, each of which has received excellent ratings.