The firm doesn’t operate corporate accounts and discourages its clients from operating more than one account. It also prohibits some trading strategies such as scalping, automated data entry system and hedging, or indeed those which fall under the definition of market abuse, such as insider trading. Plus500 has launched an amazing feature (+Insights) for desktop and mobile, allowing users to learn more about market trends based on the company’s unique internal data. Plus500 offers CFD shares trading with leverage and competitive spreads, from all of the popular markets such as USA, UK, Germany and more. Plus500UK hold client funds in segregated bank accounts according to the Financial Conduct Authority’s client money protection rules. These means that funds cannot be used for any other purpose by the company such as hedging, speculation or running costs.
Account Minimum
You can see the name of the release, country, related instruments, date and time, level of impact and the actual/previous/forecasted result. The calendar can also be switched to display corporate events which is a useful feature not offered by many other brokers. I am always checking the calendar to help me with my trade decisions. I think it is a vital tool that every trader should reference in order to know what is going on around the world. While the Plus500 trading platform is quite an advanced piece of technology, they also have programs which you can download and run on your PC.
Currency Conversion Fee
It is always recommended that if you have a choice you should ensure you are regulated by the FCA [UK]. The FCA offers Government backed client funds protection [100% of remaining deposit] up to GBP £85,000 through the [FSCS]. Plus500 offers reliable 24/7 customer support through email and live chat in over 30 languages, backed by a dedicated team plus 500 review in their Sydney office for efficient resolution of issues. Although the app is solid in its fundamental offerings, it falls short in some advanced features and functionalities like automated trading. 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.
- Plus500 offers over 2,800+ CFDs on its trading platform with competitive spreads and no commissions.
- One notable advantage for beginners is the access to an unlimited demo account, allowing them to initiate their trading experience with Plus500 without any financial risk.
- The range of clever features includes the ability to move to full-screen mode on charts and effortlessly switch from landscape to portrait layout.
- The providers selected are all nationally certified with a strong market share to avoid scams or other poor conduct of some smaller unregulated forex service providers.
- If your Plus500 withdrawal is under review, it indicates that the transaction is being checked for security and compliance reasons.
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Users can trade index and share CFDs from more than 20 different countries. However, these are mostly developed economies, with a very limited number of CFD instruments from emerging markets, namely the China A50 index and about 20 South African stocks. As stated in our email, it may sometimes be determined that it would not be appropriate to have a trading account at this time. You are welcome to reply to this email if you have any further questions. To ensure ‘good housekeeping,’ the firm reserves the right to charge if a client should exceed the maximum number of monthly withdrawals.
Riskwarning
Plus500 emerges as a promising choice for traders looking for a dynamic and user-friendly platform. It caters to both beginners and experienced traders, offering an array of account types and instruments. One notable advantage for beginners is the access to an unlimited demo account, allowing them to initiate their trading experience with Plus500 without any financial risk. Plus500 is a leading provider of CFDs and delivers trading facilities for shares, forex, commodities, ETFs, options, ETFs, and indices.
Dan Schmidt is a finance writer passionate about helping readers understand how assets and markets work. His work has been published by Vanguard, Capital One, PenFed Credit Union, MarketBeat, and Fora Financial. Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies.
As part of efforts to guarantee trust, funds from clients are kept in segregated in bank accounts and secured with SSL. The Plus500 platform is can be accessed using Android App, Windows Phone App and Web Trader. The stiff regulations that govern the company operations have added to make the Plus500 trading platform a reliable CFD platform. Once the basics have been entered, new users are taken to a series of questions that allow the provider to establish things such as investment aims, trading experience, and market knowledge.
Traders should be aware of the different fees they may encounter when using the platform, including spread fees, currency conversion fees, overnight fees, guaranteed stop fees, and inactivity fees. Traders who want to trade assets in another currency will pay a currency conversion fee. With Plus500, traders pay 0.7% for currency conversion fees, which is reasonable compared to other trading platforms. However, traders will only pay the currency conversion fee on the net profit or loss of their trade, not the total value of their position.
These features are increasingly popular with aspiring traders and available at alternatives like Vantage. In this Plus500 review, I evaluate its features, performance, and suitability for various types of traders, providing https://forexhero.info/ ratings based on my firsthand experience using the broker with real money. Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities.
Have the additional security of regulation by the Financial Conduct Authority. Plus500 has very little to offer when it comes to research, analysis, tools and commentary. The broker does, however, provide economic and earnings calendars, which are useful. The platform offers a charting tool, which we found really well built.