Plus500 is a well-rounded broker that delivers in the areas of usability, customer service, and the variety of markets to trade. Plus500 offers an excellent platform and unique tools, such as its +Insights section, which draws valuable data from its large community of clients. Plus500 is a CFD broker with a wide portfolio of 2800+ CFDs, 2700+ Shares, and a variety of Futures (Crypto, Metals, Agriculture, Forex, Interest Rates, Energy, and Equity Index). For those who are new to the market, CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Trading Fees
There are some countries where they cannot offer trading services due to strict regulatory requirements, this includes the United States. If your country is not accepted, please feel free to browse our broker reviews for an alternative option. Plus500 US continues to offer a trustworthy trading environment, and its transparent trading conditions, user-friendly platform and responsive customer support are all big advantages. Plus500’s only real drawback in comparison is that it doesn’t have anything comparable to Interactive Brokers’ tier system which reduces the fees to a minimum of $0.25 for the highest volume traders. The 10 global index futures offered by Plus500 are a consolation, and allow traders to access equity price changes another way. I recommend that prospective clients start with the demo account to see how they enjoy the platform before signing up.
Trade Experience
On the CFD platform, traders can choose from a rich selection of currency pairs, encompassing major, minor, and exotic options, enabling them to exploit currency market fluctuations and economic events. Additionally, Plus500 provides access to popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, facilitating portfolio diversification in the world of digital assets. Please note that in the UK, availability of cryptocurrencies is subject to regulation. For those interested in commodities, the platform offers precious metals, energy resources, and agricultural products, allowing traders to align their positions with global supply and demand dynamics.
Cryptocurrency CFDs you can trade with Plus500
- However, experienced investors who prefer to enter and exit their trades manually may find the functionality trade-off worth the lower expenses.
- On top of this, beginners get plenty of educational resources and there are some excellent tools to help with your market analysis.
- A Plus500 demo account allows traders to test ideas and trading strategies and familiarize themselves with real market conditions in a risk-free environment.
- In a notable move in 2022, Plus500 became an official partner of the iconic Chicago Bulls basketball team.
- With essential information readily available on its website, Plus500’s commitment to addressing traders’ needs is evident, making it a reliable choice for support.
The trading platform is available to clients across the globe in a great choice of 32 languages including English, Chinese, Russian, Spanish, French, German and more. I find the narrow investment offering to be a huge departure from Plus500’s other international entities, which offer thousands of assets including US stocks. Plus500’s Micro-Bitcoin and Micro-Ethereum futures only allow traders to scratch the surface of crypto trading with bets on the two most popular digital assets.
Mobile trading apps at Plus500
This is important if there is some market news that I want to quickly try and take advantage of. In this case, I wouldn’t want to wait around days for a bank transfer to clear as the opportunity may have been missed by then. Their customer service is rated excellent with 91% of customers happy with the service as verified by live chat.
Yes, it is safe to trade with Plus500, having a high trust score of 78 out of 100. Overall, Plus500 is worth considering for those looking to make their first steps towards currency trading. The customer service team is available in 30 languages and has a local office in Sydney, ensuring efficient issue resolution.
The WebTrader platform is one of the most intuitive and user-friendly on the market. There is an exciting range of instruments to trade, and the pricing ranges from average to competitive in most areas. Traders should be conscious of swap fees (the cost of holding a trade overnight) as they could add up to be substantial over time.
To learn more, check out our article on “What Events Impact Forex Trading” and use our Economic Calendar to find real-time data on a wide range of events and releases that affect the Forex market. There’s also a News, Markets and Insights section where you can learn what’s happening right now on the markets and around the world. Plus500 not only offers bitcoin trading but also a variety of other cryptocurrencies for trading and speculation. If you want to trade Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, and IOTA with Plus500, you’re in luck. The broker is also regulated by multiple top-tier authorities, ensuring all traders are protected.
Furthermore, it is possible to set an alert when the trader sentiment tool moves above or below a certain level. Our team of industry experts conducted our reviews and developed this best-in-industry https://forexbroker-listing.com/ methodology for ranking online investing platforms for users at all levels. There is a timer that will log the user out of both the web-based and mobile applications if they are not being used.
Compare this to Interactive Brokers, which provides access to a huge amount of research analysis sources, and Plus500 is left very far behind. While Plus500 does have some useful in-house analysis available on its website and via its platform, overall the range of research tools is lacklustre. The major difference is that Plus500 is primarily a CFD broker, but these instruments are banned in the US.
Our thorough review of Plus500 reveals it as a standout option for forex and CFD traders, especially due to its competitive spread costs and robust platform offering. Based on our findings, we highly recommend it for those looking to diversify their trading strategies in a secure and user-friendly environment. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
There are some versatile funding methods and they keep things nice and simple with one trading account to fit all. On top of this, beginners get plenty of educational resources and there are some excellent tools to help with your market analysis. 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. They have continued to improve their services and develop innovative technologies for the modern trader, to make sure that everyone can get institutional access to the global markets.
Two additional fees traders may incur is an overnight holding fee and a $10 USD inactivity fee if your account remains unused for three months. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Let’s delve into the pros and cons, safety measures, tradable instruments, account types, and more. The table below summarizes the CFD investment products available at Plus500.
Compare the markets and instruments offered by Plus500 US and its competitors. Please note, some markets may only be available via CFDs or other derivatives. I like that you can also filter educational resources by asset class, which makes the information more tailored to your interests and portfolio. The plus500 canada introductory videos are particularly strong, with all the basics of trading futures contracts covered. There are some excellent educational resources available at Plus500’s Futures Academy, including a wide range of articles and video resources with plenty of information to help beginners get started.