Plus500 Review year Pros & Cons, CFD Trading & More

Plus500 Review year Pros & Cons, CFD Trading & More

Our Plus500 broker review will show you how this company has built up a reputation for excellence through low fees, tight spreads and hundreds of trading options. The Plus500 mobile app is available for Android, iOS, and Windows mobile phones. The app offers all features found in webtrader platform, including risk management.

Crypto

• The Plus500 platform provides users with quick and easy access to any instrument they might be looking for through its search bar, located on the upper left side of the platform.
• In addition to Bitcoin ETFs, Plus500 also offers traders a selection of 8 Ethereum ETFs, to ensure that traders have access to cutting-edge investment options.
• We like that it has a streamlined account opening procedure and a dedicated trading platform for iOS and Android mobile devices.
• This makes a good option for those interested in short-term, speculative trading.
• The overnight funding amount is either added to or subtracted from your account when holding a position after a certain time.

It is not convoluted, brings out the most important information at the plus500 canada front, and navigating it is easy from the first try. 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. It’s simple to set up alerts as well—just click on the bell icon next to your chosen instrument.

Spreads & Commission

• You can try your hand at trading CFDs on more than 2000 instruments.
• At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
• It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
• I like the overall breadth of trading instruments, as it serves most trading strategies well.
• Nevertheless, keep in mind that some protections, such as the protection of client money and negative balances, will be eliminated.

Plus500 offers competitive and variable spreads, which vary depending on market conditions and the asset being traded. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Overview of Trading Platforms

Funds are deposited and withdrawn through bank wire transfers, debit cards and e-wallets like PayPal and Skrill. You can manage your funds directly from the Plus500 trading platform. Unfortunately, Plus500 does not open trading accounts to clients residing in Canada.

Available Assets

When it comes to research, Plus500’s offering is pretty non-existant compared to other trading platforms. That said, while Plus500’s selection covers the most prominent and widely followed indices, it may be considered limited compared to other platforms. This selection is tailored towards the more mainstream and widely traded energy markets, meeting the criteria of most traders.

Plus500 Risk Management Tools

The Plus500 app, however, provides all the same chart styles, time intervals, drawing tools, and 98 indicators that you’ll find on the web platform. The only way in which the mobile charts fall short of the web charts is that the app doesn’t have a multi charts view for looking at instruments side-by-side—which is understandable on a small mobile screen. We recommend anyone looking to learn the ropes, or test out a new strategy involving futures trading, should try out the demo account.

Plus500 charges a currency conversion fee of up to 0.7% of the trade’s realized net profit/loss and is reflected in real time in the unrealized net profit and loss. This is taken for trades on instruments denominated in a currency different from your primary currency. Plus500 allows traders to fund their trading accounts using various payment methods. The minimum deposit is $100, and the broker does not charge any deposit fees.

Claire Maumo has experience in investment banking, strategic consultancy, and journalism. She has a Bachelor’s degree in Business Management and a Master’s in finance. Her primary focus is on crypto, blockchain, and financial instruments.

Customer Support Contacts

Moreover, it seamlessly executes trades on desktop and mobile devices. However, there are no third-party platforms like MT4/5, which, in our opinion, limits some of the most advanced traders. The platform provides essential trading tools and allows users to monitor trades, analyze charts, and create watchlists. Compared to the popular Meta Trader 4, Plus500’s platform offers significantly less functionality and customization options, making it much easier to use. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This broker not only covers all the various types of trading facilities; it also gives you the ability to buy and sell niche shares, indices, commodities and cryptos. Add to this a selection unique features, such as leverage for crypto trades, and Plus500 is perfectly set up to provide experienced traders with a comprehensive experience. Plus500 is regarded as one of the leading CFD brokers in Europe for a variety of reasons. This broker provides CFD trading services on over 2,000 securities and asset classes, including forex, options, indices, ETFs, cryptocurrencies and stocks. Fans of low fees, diverse options and generous trading conditions, listen up. Plus500 is one of the most popular online brokers in the business because it can be all things to all traders.