Forex Trading

Plus500 Reviews Read Customer Service Reviews of www 2 of 318

This should entice the experienced trader who prefers to transact manually and finds the lower cost worth the lack of added functionality that some competitors offer. Plus500 is also the first broker to introduce a Bitcoin CFD in 2013. Moreover, the broker offers access to options CFDs trading on many markets. These allow you to speculate on the future price of the underlying reference instrument and differ from regular options in that they are cash settled.

  1. It is also important to note that moving onto the live account does not mean that you cannot access your demo account anymore.
  2. Users can easily switch between different trading positions and Plus500 also provides live streaming quotes of financial assets.
  3. When you place an order it will be met by the broker on the opposite side as the market maker.
  4. This is great as it means you don’t need to stare at the charts all day long waiting for a signal.

Plus500 Customer Reviews

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. Plus500 is a user-friendly Contracts for Difference (CFD) trading broker known for its global accessibility. Catering to a diverse user base worldwide, it provides a range of asset classes for trading on both mobile and desktop platforms. Renowned for tight spreads and transparent fee structures, Plus500 empowers traders to capitalize on dynamic global market trends.

Plus500 Demo Account

Plus500 has a news and market insights section where some important market news is displayed reasonably regularly. These could be handy features for some traders, though others may be disappointed by the lack of deep analysis and asset screeners. While the platform provides some in-house market analysis, it doesn’t provide any fundamental analysis.

Accessible and Flexible

Traders can view the last 60 minutes and the last day’s percentage changes across these three time periods. This feature is useful for traders who want to save time looking at charts. Additionally, traders can determine whether the current price is high or low compared to the past day’s price, making it useful for certain trading strategies.

The 2,000 markets on offer provide exposure to all areas of international trading. The platform hosts traders from over 50 countries, and the service supports more than 30 languages. Not only are there a lot of markets to trade, but there is also a wide range of types of markets. Plus500 offers CFD markets in asset classes, including stocks, forex, indices, ETFs, options, and commodities. There is only one standard account type for all clients compared to other brokers who offer different flexible account types to suit various different needs of traders.

However, there are some other client protections which you may take comfort in. This will ensure that your account can never be margined into negative territory. Customer support is available in 16 languages and agents aim to respond to customer queries as quickly as possible, response times can vary greatly depending on how busy the platform is. The team behind Plus500 prides itself on professionalism and transparency and strives to provide a platform that is fully compliant with all the necessary financial regulations and procedures. Trading and investing carries a high level of risk and it is possible to lose more money than your initial investment.

There is no lengthy registration process and you can reset your account balance at any time. In the client portal, simply use the ‘Real Money’ and ‘Demo Mode’ toggles at the bottom of the menu on the left. The broker accepts multiple fee-free plus 500 review and secure payment options, including wire transfers, credit/debit cards, and e-wallets like PayPal and Skrill. In addition, retail traders in some jurisdictions will be protected by compensation schemes in the case of business insolvency.

The process of setting up a new account with Plus500 starts with supplying basic personal information, including an email address and a password. At the very beginning of the onboarding process, the provider offers new clients the chance to set up a Live trading account or a Demo account, with the latter being recommended for beginners. In addition, Plus500 are also licensed to operate by regulatory bodies in Australia, the United Kingdom, Singapore, and Seychelles.

The Plus500 mobile trading experience does more than just allow its clients to keep in touch with the markets when on the move. The interfaces available are Plus500 mobile apps for iOS, Android and Windows phones. It’s also possible to access the platform through an internet browser. Plus500 have their very own proprietary trading platform available for desktop, web and mobile. The mobile platform is beneficial for those who need to access their account and trade whilst on the go.

Plus500’s weighted average on the other hand is 4.0 from over 98,000 customer reviews. Before you decide on a broker it’s always a good idea to compare with other similiar brokers to ensure that your broker will deliver what you are looking for. In case a trading account remains unused or dormant for more than 3 months a fee of up to 10 USD will be charged. After that, in case there is no log in, it will be deducted on a monthly basis.

If it is in Europe then a SEPA payment should clear within a few hours. The spread is the difference between the amount paid for an asset like Bitcoin (BTC) and the amount you receive when you sell it back. Plus500 was also one of the first brokers to introduce a Bitcoin CFD in 2013. The Plus500 group has more than 2,000,000 monthly transactions and in 2014 the Plus500 Ltd listed on the AIM, a section of the London Stock Exchange.

You can compare Plus500’s investment offering with alternatives in The Netherlands below. Note that the availability of trading instruments might vary based on your location. I find that e-wallets offer the fastest processing times, with funds normally available immediately. In contrast, wire transfers can take up to 5 working days, so avoid this if you want to get started quickly.

If you’re new to trading, start with a demo account to practice, and consider seeking additional educational resources before venturing into live trading with real money. The pro account offers higher leverage, the best order execution and cash rebates. It is also one of the few professional trading accounts I have seen to offer negative balance protection. They praised the simple deposit and withdrawal process but criticised the limited range of instruments. However, in our opinion, the best way to learn to trade on Plus500’s platform is to use the free demo account and practise. Unlike some other brokers, Plus500 doesn’t place limits on how long you can use the demo account, and beginners can try everything out before risking any capital.

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