Here’s the creditmarketdaily.com review of the Plus500 CFD (Contract For Difference) trading platform. Plus500 was one of the first brokers of its kind to provide such a wide range of trading instruments for retail clients. These include UK and US stocks, forex pairs, ETFs and national indices. Be aware that your capital is at risk when trading CFDs.
At a Glance
- Founded in 2008 and listed on the London Stock Exchange (AIM)
- Plus500 is a CFD service suitable for experienced traders
- CFDs are the only products available on Plus500
- Low spreads are offered
Plus500 Review: What’s on Offer
With a very large user base, more than two million transaction per month were taking place on the platform back as early as 2011, only three years after launch. Plus500 offers trading in Contracts for Difference (CFD) in indices, commodities, shares and Exchange Traded Funds (ETFs). The company has fast become one of the largest brokers in Europe and Asia. It’s available on desktop PCs as well as on mobile devices.
The Plus500 online trading platform allows users to trade a wide variety of instruments in more than 50 markets. Finding instruments to trade is made trivial using the search facility and, as you’d expect, real-time streamed quotes are readily viewable. As well as the ability to short or buy any instrument, you can choose to close a position on a specific profit or loss figure.
There is a comprehensive coverage of the many markets from around the world available on Plus500, which makes it difficult to beat unless you have access to an investor account which are of course very expensive. Taking a look at how to get started, Plus500 gives you the ability to open a demo account initially and this can be set up in all of a few minutes. If you don’t want to download any software, there is also the ‘web trader’ option which can also be used in demonstration mode. Both of these simulate the real thing and it’s recommended that newbies start off with this to get a feel for the software.
Plus500 is available in multiple languages, including English, Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Maltese, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish & Turkish.
Money management on Plus500 can be made via the usual payment channels including credit cards as well as online payment systems such as PayPal & Skrill.
Regulation & Location
Plus500 has office locations in the following countries:
- United Kingdom: Plus500UK Ltd, 45 Moorfields, London EC2Y 9AE. Plus500UK LTD is authorised and regulated by the Financial Conduct Authority (FRN 509909).
- Australia: Plus500AU Pty. Ltd., Level 19, 1 O’Connell street | Sydney NSW 2000. Plus500 AU LTD is regulated by the Australian Securities and Investments Commission.
- Cyprus: Plus500CY Ltd, 1 Siafi Street | 3042 Limassol. Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission.
Trading in CFDs isn’t for everyone, and it’s important that you know that your capital is at risk. As it states on the Plus500 web site, Remember that CFDs are a leveraged product and can result in the loss of your entire deposit. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.
That concludes this Plus500 review. Users of our site can pick up a signup bonus (T&Cs apply) by clicking the relevant button below:
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