Plus500 review: any good for trading? 2024
Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection plus500 canada and validation of thousands of data points and our in-depth product testing. It’s one of the best trading platforms to use, as it’s reliable, and very fast. Global stock markets are also accessible on Plus500, enabling traders to engage in equity trading across various exchanges. This platform provides opportunities to profit from stock price fluctuations.
The lack of training tools may put off some traders from trading with Plus500, especially beginners who could use some professional guidance. While there are plenty of free educational guides on the internet these days, Plus500 could enhance the user experience by providing proper tools and decent training material. 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 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.
Plus500 was the first broker that offered Bitcoin CFD in 2013. There are a few locations that are forbidden from registering. These countries have banned the sale of CFDs to retail investors. The main advantage of this broker is their easy-to-use platform and low costs. Please refer to the Disclosure documents available on the website.
- Needless to say, if you invest money with PLs500, you will lose it all, whether Trustpilot want me to say it or not.
- Admirals is a great broker all-round, reliable and trustworthy (established over 20 years ago).
- The deposit and withdrawal procedures with Plus500 are user-friendly and efficient, offering instant deposits and relatively quick withdrawal processing times.
- For live trading, Plus500 offers a single type of account, simplifying the process and.
- ForexNews.World delivers real time updated forex news and market research.
Select one or more of these brokers to compare against Plus500. While the desktop version of the app is no longer supported, the web version meets the requirements of a progressive web app and is installable as a Chrome app.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Plus500 is available in more than 50 countries and in more than 30 languages. There are some countries where they cannot offer trading services due to strict regulatory requirements, this includes the United States.
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You can add to your new or existing trades a close at profit (limit) and close at loss (stop loss) order that allows you to specify price levels for closing trades in profit or loss. The broker has a very good selection of trading tools built into the platform alongside the commonly used charting tools such as technical indicators and drawing objects. I think most of you will be able to get by with the built-in tools but it is always nice to have the option of more.
Sometimes the instrument is glitches
The platform can be accessed from various devices such as a tablet, website, Windows PC, smartphone, and web browser. The platform has an easy-to-use interface where a trader can analyze charts, create watchlists, and monitor trades. Both do not have the essential cutting-edge features and optimized tools to take on the industry leaders head-on.
As mentioned above, Plus500 was founded in Israel in 2008 as a PC-based online trading platform. The platform evolved quickly; it is now a publicly traded company in the London Stock Exchange and is part of the FTSE250 under the code PLUS. With more than 2,000 assets to trade, you will be sure to find something available at Plus500.
How much are Trading Fees with Plus500?
Moreover, the web platform of Plus500 has a great search function. Other features that traders get with web trading platform of Plus500 include mid-range order management, notification, and alert function, and fee and portfolio reports. Plus500 trading platform has excellent opportunities in asset selection through small portfolio management operations for retail traders. Traders can make money from a wide selection of over 2,000 CFDs across commodities, equities, indices, Forex, ETFs, options, and cryptocurrencies. Trading can be carried out in diverse portfolios to benefit the large spectrum of possibilities across the many subsidiaries of Plus500 worldwide.
Plus500 offers a Trading Academy, which offers a variety of educational products including eBook, video traders guide, and FAQs to ease trading for both beginner and experienced traders. While traders may download a desktop client for Windows 10 devices, I recommend the lightweight webtrader, as the functions remain the same. The trading platform is user-friendly but does not support algorithmic or social trading. Plus500 offers traders a commission-free trading environment with dynamic spreads and no minimums, dependent on market conditions. Some trading fees are highly competitive, for example crude oil CFDs, some index CFDs, and select equity CFDs, while others are more average. I recommend traders check desired assets and compare them to other brokers to evaluate the costs of their strategies and find pricing advantages.
There are buy and sell buttons for entering positions with prices updated in real time. Order types supported are market orders, limit orders, stop loss, trailing stop and a guaranteed stop facility. Users can set email, SMS and push notifications to receive alerts based on specified market events such as a price movements and sentiment changing. This is great as it means you don’t need to stare at the charts all day long waiting for a signal. The upper bar of the platform gives an overview of the status of your current portfolio. I like the trading environment at Plus500 for manual CFD traders who do not mind slightly higher costs.
For example, there are 28 indices, including the UK 100, Germany 30 and USA 500. You can also trade CFDs on emerging indices like the Cannabis Stock Index. Plus500 would like us to let you know that trading CFDs is not for everyone. Please make sure you understand the risks involved before trading, and please trade sensibly. There’s a big FAQ section, which has pretty much every question you could think of covered – including lots of trading questions, not just questions about Plus500. With Plus500, you trade the option price (via CFDs), rather than buying the options directly.
Account Base Currency
Plus 500 offers 60+ most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP with leverage. They offer advanced tools for protecting your profits and limit potential losses. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 63% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.