This means that your position will usually be much larger than the amount of money that you have to contribute to the trade. This is called the „margin“ that you will have to fund your account with. When trading CFDs on leverage, it is really important that you are using a trading platform that is able to respond quickly to orders. This is because botched orders can severely impact your profitability in the long run.
Forex Brokers
Before opening an account with Plus500 or any other broker, it’s crucial to conduct thorough research, review the broker’s terms and conditions, and consider your risk tolerance. The financial markets come with inherent risks, and while Plus500 offers a user-friendly platform, it’s essential to approach trading with caution and informed decision-making. Plus500 introduces the Invest Platform, allowing users to engage in share trading with access to over 2,700 financial instruments. The platform offers free market data and dedicated round-the-clock customer support. Please note that Plus500 Invest is currently available in specific countries. Plus500 provides live statistics for each asset within the last 5 minutes, allowing traders to see the change in price in near real-time as a percentage.
Compare Plus500 with other approved brokers
While Plus500 still include this feature, all brokers regulated by ASIC, FCA or European Regulators such as CySEC of BaFIN much offer Negative Balance Protection. Plus500 provides several educational materials for beginners as well as advanced traders. Your data is safe with a certified security protocol (SSL), and your plus 500 review funds are held in segregated bank accounts, in accordance with regulatory requirements. To its US clients, Plus500 offers simple, fast, and accessible Futures trading like you’ve never seen before. There is a timer that will log the user out of both the web-based and mobile applications if they are not being used.
Does Plus500 have hidden fees?
One of the excellent features of the Plus500 apps is the auto-logout function introduced in 2019, which offers an additional layer of security. The actual trading interface comes packed with all the risk management tools one would typically find on a desktop dashboard. The Plus500 mobile app, available for mobiles and tablets on both Android and iOS (iPhone and iPad), replicates the WebTrader platform’s functionality, ensuring a smooth transition across devices.
- Plus500 is also the main sponsor of the Spanish professional football club based in Madrid, the Club Atletico de Madrid along with the Australian Super Rugby team, the Plus500 Brumbies.
- These are essentially order levels that Plus500 guarantees will get executed at once the price reaches that level.
- Plus500 tries to ensure accessible customer support around the clock through live chat, WhatsApp, and email services.
- Its decision to not support certain business lines (e.g., scalpers and robo-trading) means that it is much better positioned to support the services it does provide.
- Let’s delve into the pros and cons, safety measures, tradable instruments, account types, and more.
- Plus500 is a global online trading platform specialising in CFDs across a variety of financial markets like stocks, forex, commodities, and indices.
You can filter the results by time frame, trader location, and instrument type. There are also Buy and Sell buttons if you feel like opening a trade from that screen. Their names and pop-up info should help newer traders understand what each is for (though the names could be a tad confusing for those who have traded elsewhere). In all honesty, the perks provided by Plus500’s VIP account are mainly for show, and don’t bring any significant additional value to the client. This is a scam Screen goes blurry when you are at profit and you can’t buy or sell untill you are at minus again. Last night gold price gone record high but I had no control over my open positions untill all my profit was gone.same thing happened over and over .
Unusually, customer support is available 24/7 rather than on a 24/5 basis. That will appeal to those traders who want to develop their ideas and strategies over the weekend. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. The broker has a decent selection of funding methods including credit cards, bank transfer, PayPal or Skrill. I like the digital wallet options as I find this to be one of the quickest ways to get access to my funds for trading.
It is important to point out that this is not a guaranteed stop and if their is a significant gap in the price of the asset it may not get filled. It maybe makes sense to also set a guaranteed stop somewhere below this. It is important to note, however, that these levels are not gauranteed. If there is a situation where the market price were to gap passed your levels then it is possible that it would either execute above or below your desired level. When you are setting these in the order form, you will need to select the rate at which you would like to take profit / stop loss. While you are adjusting these prices, Plus500 will give you a handy indication of how what percentage that is on your entire position (for relative profit).
There is the professional account which eligible clients can apply for. To qualify you must have had sufficient trading activity in the past 12 months, a financial portfolio of over half a million and relevant financial sector experience. Keep in mind that certain protections may not be available if you qualify as a professional trader. With data powered by Dow Jones, the economic calendar can be used as part of a fundamental analysis. It keeps you up to date with the latest market news events with a rating on the impact each event can have from low, medium to high.
For first-hand user experience and insight, the broker offers a demo account. The broker also has an economic calendar, which inclues events that will likeley affect currencies. To assess user’s responses, Plus500 has included trader sentiment data. In spite of the efforts to sensitize traders and the public, the educational resources are largely limited.
Unlike other exchanges and brokers they have to make sure that you are promoting their brand in an ethical and legal way. To the credit of the Plus500 support staff, they responded to every single review and tried to assist those traders that had specific questions or concerns. They had also forwarded the development requests to their technology teams so one can hope that these will be attended to soon. Many traders had suggestions for improvement such as increasing the range of the charts as well as the excessive memory usage of the app. These are available to you when you are placing your typical orders on the platform.
Finding a provider that operates within a robust regulatory framework is step 1 of safer trading. The form takes minutes to complete, with the only time delay being due to the need to upload KYC documentation to help verify accounts. It’s possible to use screenshots of driver’s licences or passports, utility bills, and other evidence of your identity and location. Therefore, if you are located in the United States, we suggest choosing another top rated provider. While this is no guarantee that you will succeed, using a trading platform that is less complex is important for beginners that want to avoid a steep learning curve. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
The platform has a comprehensive FAQ section that covers a wide range of topics, including trading-related queries. If users cannot find the answer they are looking for in the FAQ section, they can contact customer support directly. The support team is available 24/7 and can be reached through live chat, email, or WhatsApp. This means that users can get a response almost immediately, making it easy for them to resolve any issues they may encounter. Overall, the Plus500 trading platform is one of the best trading platforms available, providing great features for both beginner and professional traders. While Plus500 offers basic information in real time about the user’s account, transactions, balances, and profit/loss breakdowns, it doesn’t provide any noteworthy portfolio management tools or features.
With regards to spread fees, this will depend on a variety of factors. Once again, these trading hours will depend on the asset being traded. If you are regulated in Cyprus by CySec you will have access https://forexhero.info/ to funds protection. All CySec regulated brokers must join ‘The Investor Compensation Fund’ which offers a guarantee of funds of 90% of remaining deposit up to €20,000 in case of firm liquidation.