Plus500 Review: Things You Need to Know
Plus500 is a well-known worldwide company that provides online traders with a simple trading platform and a connection to share dealing and a wide range of CFDs.
Plus500’s simple trading platform benefits newbies seeking a user-friendly environment, but experienced traders will be dissatisfied by the lack of educational information and a minimal range of market research. Therefore, we have decided to share the plus500 review, which will be definitely helpful to you.
An overview of the Plus500 platform
Because of its simplicity and concentration on delivering only the requirements, the Plus500 web online marketplace is considered as a good alternative for novice traders. Over the years, Plus500 has made small changes to its platforms, but as those advances have combined, Plus500 has moved nearer to competing with the market leaders in this field.
Plus500’s web stock exchange is still being improved as other copy trading platforms. Still, it now includes pre-defined watchlists, the ability to impose alerts based on client emotion data, and a financial schedule that shows related stories from Dow Jones and instrument details from Yahoo Finance when observing a specific symbol.
Whereas the desktop version of the software is no longer offered, the online version complies with progressively web app standards and may be installed as a Chrome app.
Charting:
There are 110 indicators, around 20 drawing tools, plus 13 different chart layouts available on the Plus500 web platform. Although indicators are still not preserved automatically by software, you can get around this by saving your chart designs.
Also, it’s important to mention that your chart preferences will not synchronize with the Plus500 phone app and will not be transferred over between devices. Overall, I was pleasantly surprised, and the charts provided a smooth and considered to be essential.
User-friendliness:
Plus500’s browser-based WebTrader is an excellent starting point for beginner traders without moving to a more advanced platform. WebTrader is simple to use and has a clean look.
It doesn’t quite enable social copy trading, algorithmic trading, or the MetaTrader platform bundle, but it does offer its unique trading platform.
● Investment opportunities
Most brokers that provide non-deliverable spot fx as a long contract, Plus500 only offers CFDs in forex trading. Plus500 will also begin trading stocks in 2021 and buy a future business in the United States.
Investment opportunities are available.
Most brokers that provide non-deliverable spot fx as a long contract, Plus500 only offers CFDs in forex trading. Plus500 will also begin trading stocks in 2021 and buy a future business in the United States.
Cryptocurrency:
CFDs allow you to trade cryptocurrency; however, you can’t trade the underlying security directly (e.g., buying Bitcoin). Retail investors from any broker’s U.K. company and U.K. residents are still not allowed to trade crypto CFDs.
● Fees and commissions
Generally, Plus500’s cost is in line with the industry; however, when it relates to active trader price, it ranks behind the best forex traders (see IG or Saxo Bank for comparison).It doesn’t give discounts to retail customers, but if users meet the criteria and are assigned as Expert clients, users can receive cash rebates (similar to an active trader program).
Spreads:
The EUR/USD has an energetic spread of 0.00008 on the Plus500 system (0.8 pips). As a result, in August 2021, the usual spread from Plus500 for the EUR/USD remained 0.8 pips, which was by previous research.
Is Plus500 a secure platform?
With such a reputation rating of 99 out of 99, This is considered reasonable. Plus500 is a publicly listed company that doesn’t run a bank. Plus500 is regulated by four tier-1 (high trust) regulatory agencies, four tier-2 (average trust), as well as 0 tier-3 regulators (low trust).
