Is Plus500 a safe trading platform and a good choice for a beginner?
The broker offers access to financial assets from different markets across the world, including leading stocks, indices, ETFs, cryptocurrencies*, and Forex currency pairs. "Plus500 holds multiple regulations from around the world which include the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS), among others." Plus500 is regulated around the world by some of the major financial regulators. Our reviews are the result of several months of evaluating all aspects of an online broker's platform, including the trading experience, the quality of trade executions, the products available on their platforms, costs and fees, security, the mobile experience and customer service. The proprietary trading platform is developed as two different versions; the installable version is available for trading on the Windows platform, while the WebTrader version is available for trading through a web browser.
How can you allow margin calls to go into an equity of - balance for big transactions goijg your way, but small ones get closed immediately. Trading Platform Plus500 WebTrader on mobile apps and desktop Account Types Demo , real money , and professional Fees. Plus500 is a "No Deposit fees/Commissions" broker, but other fees and charges (inactivity, overnight funding, currency conversion, guaranteed stop order) may apply Minimum Deposit $100 (or currency equivalent) or $500 via bank transfer Plus500 features six different licenses from six separate financial regulators, putting it on par with the best forex brokers in the industry. Since we always aim to provide the best trading possibilities and conditions to our clients as you are our highest priority!
Is Plus500 Safe?
ID card, driver's license, passport, or residence permit showing photo, ID number, full name, date of birth, and expiry date of document. The company is also an Authorised Financial Services Provider in South Africa, and is listed on the London Stock Exchange's Main Market for Listed Companies, and headquartered in Haifa. These innovative financial vehicles allow retail investors to take both long and short positions on a wide variety of financial instruments. The organization essentially furnishes a streamlined WebTrader platform alongside similar mobile trading applications for iPad, iPhone, and Android gadgets where customers can place a trade and monitor them.
For example, if your account base currency is in Euros and you place an order on the Facebook CFD, which is denominated in U.S. Dollars, Plus500 will charge a 0.50% currency conversion fee upon execution of the trade on top of the exchange rate. To trade an asset, simply click Buy next to the ask price, or Sell next to the bid price (the prices listed to the left). so we can check your trading account and provide you with additional information! Do not trade on assets with high leverage with low investment, you gonna lose your money fast, try to go for lower leverage 10 / 20 and do not put 20$ on the asset, you gonna lose the money 10 seconds after you click on buy / sell because of the spread.
Plus500 is also a member of European-based investor compensation programs such as the Investor Compensation Fund (ICF from CySEC) and the Financial Services Compensation Scheme (FSCS from the FCA), both of which provide compensation to investors if a broker ends up insolvent. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Plus500 offers clients in more than 50 countries access to a comprehensive product line, including forex, stock indices, individual shares, commodities, ETFs, options, and cryptocurrencies. Some of the portfolios offered by Plus500 are commodities, cryptocurrencies, ETFs, Forex, indices, options, shares, and all the trading instruments offered by Plus500 are leveraged.
Countries: USA, UK, Germany, France, Italy, Ireland, Hong Kong, Denmark, Holland, Poland, Finland, Belgium, Sweden, Switzerland, Japan, Portugal, Greece, Australia, Spain, Norway, Austria. For more information on how we treat your personal data, please review our Privacy Policy . Concentrating on CFD instruments, it offers over 2,000 markets including, stocks, indices, forex, ETFs, options, crypto and commodities. The forex comparisons look at elements, including the trading platforms, spreads and key trading features.
Plus500 also operates a subsidiary regulated by the Cyprus Securities and Exchange Commission ( CySEC ), which places it under the Financial Instruments Directive 2014/65/EU or MiFID II and the EU's 4th Anti-Money Laundering Directive Client Money is held in segregated trust accounts and administered in accordance with the provisions of the Corporations Act. Our reviews are the result of six months of evaluating all aspects of an online broker's platform, including the user experience, the quality of trade executions, the products available on their platforms, costs and fees, security, the mobile experience and customer service. Guaranteed stop loss orders, which protect the trader from market gap risk, are available on some instruments depending on market conditions but they are subject to a wider spread. Plus 500 provide 24/7 customer support through their Live Chat service.
Platforms and Tools
Plus500's trading platform provides reports on fees, historical transactions, positions, and other important information regarding the user's trading account. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Users can trade commission-free on more than 2,500+ leveraged CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies on the broker's own proprietary-based trading platform which is feature-rich and includes advanced risk management tools, including guaranteed stop and trailing stop orders. Trading is conducted through one of two account types; the standard trading account available to all users, or a professional account which offers more leverage.
Stocks and equities can be traded whenever the relevant stock exchange is open, e.g. New York, London, Hong Kong etc. Elected professional clients are offered maximum leverage of 1:300, but both retail and professional traders can enjoy commission-free trading with tight spreads and a negative balance protection policy which is a regulatory requirement for all European brokers and are therefore obligated to provide it.. All in all, the company offers competitive trading costs for pure forex traders, while fees on other assets are higher. Other regulation includes the Cyprus Securities and Exchange Commission (CySEC) under plus500cy LTD licence number 250/14 and the Monetary Authority Of Singapore (MAS) under Plus500SG with licence Number CMS100648-1 .
It is possible to set price alerts to provide notifications when the asset has hit a certain buy or sell price. Take in mind that there is spread, which is the difference between the prices( real price and platform price) and always take in mind that they have leverage, use it careful. Plus500 allows you to trade currencies (forex), commodities (like Gold and Oil) and other CFD's like stocks such as Apple or Google. The company simply provides a streamlined WebTrader platform along with similar mobile trading apps for iPhone, iPad, and Android devices where clients can place and monitor trades.
Plus500 is for customers that seek access to a wide range of financial markets with low trading costs and a simple, functional platform on which to place their trades. This means they are regulated by the Australian Securities And Investments Commission (ASIC regulated) and are also regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the name Plus500uk Ltd with FRN 509909 . Lowest FX spreads Regulated by FCA (U.K.) Offers protection for client accounts Emphasis on customer service Does not accept U.S. clients Plus500 Offer forex trading via CFDs with tight variable spreads and a range of well over 70 currency pairs.
Whether you want to gain exposure to prices of commodities, cryptocurrencies, ETFs, forex, indices, options, or shares – it's possible through Plus500's CFD offering. Low spread costs, emphases on customer service and education, actionable research, and functional user interfaces make this broker well-suited to compete in the online best forex brokers market. Had about 1000$ open on 4 different positions and got margin warnings but the margin warnings did not cut me off. Plus500 Bonus Code Plus500 offers a first-time deposit bonus in select jurisdictions, including Australia, Singapore, and South Africa.
Offering of Investments
In case your equity drops below the maintenance margin required for your open positions, they can be closed on a margin call. When these buttons are clicked, a small window opens which shows the asset, the current price, the amount to be invested in the trade, the required margin as well as the stop loss and take profit prices. They basically can do whatever they like with your money (change quoted price, move your funds without prior notice, they can close your acount based on margin call without prior notice and the list goes on and on... Research amenities are industry leading Offers protection for client accounts Does not accept U.S. clients Differences between Next Generation and MT4 High CFD spreads for certain indices.
2,000+ trading instruments Main sponsor of Club Atlético de Madrid Licenses from FCA, ASIC, CySEC, FSCA, FMA, and MAS The best broker for trading CFDs Doesn't offer extensive educational material Plus500's product suite of 2,000+ trading instruments, offered on its proprietary WebTrader with competitive spreads and no commissions, should entice the experienced investor who prefers to transact manually and finds the lowered cost worth the lack of added functionality that some competitors offer. Open account 76.4% of retail CFD accounts lose money Plus500 accepts customers from many countries all around the world. Plus500 (76.4% of retail CFD accounts lose money) has reached a settlement agreement with the Belgium regulator FSMA, Financial Services and Markets Authority, for the amount of €550.000.The settlement came after months of discussions between Plus500 and FSMA.
This broker is additionally regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (FMA), the South Africa Financial Services Board (FSB), the Israel Securities Authority, and the Monetary Authority of Singapore (MAS). When our forex traders reviewed Australian forex brokers and CFD providers, it was found that Plus500 trading platform is the most user-friendly forex platform and interface. Breaching these rules can result in the platform closing positions, closing accounts and from reports shared among the broker community, a protracted process of unwinding the relationship between trader and platform. The forex provider comparisons information was gained from each provider's website (including this Plus500 Review) or from demo & trading accounts.
Plus500 is listed on the London Stock Exchange and is also regulated by more than one top-tier financial authority, which includes the Australian Securities and Investments Commission (ASIC) and the UK's Financial Conduct Authority (FCA). In such circumstances, these deposits would attract all the legal protections afforded to trust money. The online derivatives provider also offers its platform as a web trading platform, allowing users to access their account from anywhere. Although Plus500 uses a proprietary trading platform, the trading platform (Webtrader) is able to cater to the different needs of the broker's international clientele base, as it is available across several different versions.
The broker's trading platform is available in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you, however, have a very little or no experience with trading CFDs you might lose money. A buy (long) position, if you think the asset will rise in value or a sell (short) position, if you think it will lose value.
The company is regulated and authorized by top financial authorities, including the Financial Conduct Authority (FAC), the Australian Securities & Investments Commission (ASIC), and the Cyprus Securities Exchange (CySec). We found that Plus500 is great for CFD traders, customer support, easy to use platform and account opening process. Plus500 is CFDS company, you do not buy the asset but trade on the price, in this case you can make money even if the asset goes down - it all depends on what direction you open position. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Through Plus500 you can trade stock cfds, forex, commodities and cryptocurrencies. The company is listed on the Main Market of the London Stock Exchange (LON:PLUS). You'll make money on Plus500 by opening either Buy or Sell positions. As such, as per all the regulatory requirements noted above, client funds remain segregated from company funds, creating a secure trading environment.
These restrictions included a limit on the degree of leverage on various types of CFDs, the minimum required margin that would trigger a margin call, and a restriction on the incentives offered to trade CFDs. Let us see few advantages of this broker – The user can open a demo account free of charge within a few minutes which is 100% online, where the trader can trade with the virtual funds offered by the broker and there is no risk of using real funds. The range of products offered by forex brokers varies, and you'll want to choose a broker that provides a wider range of tradable offerings, including currency pairs, indexes, commodities, shares, and cryptocurrencies, among others. Yes, our Plus500 review has shown that the broker is regulated by seven different authorities; the UK FCA, ASIC, CySEC, FSCA, FMA, MAS, and FSA Seychelles.
Deposit Methods
VISA, MasterCard, Local Bank Transfers, PayPal, Skrill A trailing stop is a trade protection facility that automatically protects a position from reverse movements while locking in profits when the price moves in the direction of the trade. Users can access a wide range of exotic currencies, country and sector indices such as the Lithium and Battery Index, Cannabis Stock Index and others and a wide range of shares from the following countries: UK, USA, Japan, Singapore, South Africa and most major European countries. If you already have a Plus500 demo account, you can open a real money account by clicking on the Real Money or the Real Money/Demo Mode switch button in the trading platform menu.
According to Plus500 reviews, it offers trading instruments with their CFD and forex services, which include cryptocurrencies, indices, shares, options, commodities, and ETFs. While this CFD broker does not have an operating subsidiary registered directly with the South African Financial Sector Conduct Authority (FSCA), Plus500AU Pty Ltd serves South African trades. We compared Plus500 using our multi-pointed approach to look at trading styles, markets, trading tools, trader charts how the Plus500 fees compared to other stock trading, CFD and forex brokers. Country of regulation UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles.
