Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Bitcoin Stock to Flow Model to Infinity and Beyond Price Forecasts - 25th Jul 21
Bitcoin Black Swan - GOOGLE! - 24th Jul 21
Stock Market Stalling Signs? Taking a Look Under the Hood of US Equities - 24th Jul 21
Biden’s Dangerous Inflation Denials - 24th Jul 21
How does CFD trading work - 24th Jul 21
Junior Gold Miners: New Yearly Lows! Will We See a Further Drop? - 23rd Jul 21
Best Forex Strategy for Consistent Profits - 23rd Jul 21
Popular Forex Brokers That You Might Want to Check Out - 22nd Jul 21
Bitcoin Black Swan - Will Crypto Currencies Get Banned? - 22nd Jul 21
Bitcoin Price Enters Stage #4 Excess Phase Peak Breakdown – Where To Next? - 22nd Jul 21
Powell Gave Congress Dovish Signs. Will It Help Gold Price? - 22nd Jul 21
What’s Next For Gold Is Always About The US Dollar - 22nd Jul 21
URGENT! ALL Windows 10 Users Must Do this NOW! Windows Image Backup Before it is Too Late! - 22nd Jul 21
Bitcoin Price CRASH, How to SELL BTC at $40k! Real Analysis vs Shill Coin Pumper's and Clueless Newbs - 21st Jul 21
Emotional Stock Traders React To Recent Market Rotation – Are You Ready For What’s Next? - 21st Jul 21
Killing Driveway Weeds FAST with a Pressure Washer - 8 months Later - Did it work?- Block Paving Weeds - 21st Jul 21
Post-Covid Stimulus Payouts & The US Fed Push Global Investors Deeper Into US Value Bubble - 21st Jul 21
What is Social Trading - 21st Jul 21
Would Transparency Help Crypto? - 21st Jul 21
AI Predicts US Tech Stocks Price Valuations Three Years Ahead (ASVF) - 20th Jul 21
Gold Asks: Has Inflation Already Peaked? - 20th Jul 21
FREE PASS to Analysis and Trend forecasts of 50+ Global Markets by Elliott Wave International - 20th Jul 21
Nissan to Create 1000s of jobs with electric vehicle investment in UK - 20th Jul 21
Bitcoin Halvings Price Forecast and Stock to Flow Analysis - 18th Jul 21
Dell S3220DGF Unboxing and Stand Assembly - 32 Inch 165hz Curved Gaming Monitor Amazon Discount - 18th Jul 21
What Does The Fed Mean By “Transitory Inflation” And Why Is It Important To Understand? - 18th Jul 21
Will the US stock market’s worsening breadth matter? - 18th Jul 21
Bitcoin Halving's Price Projection Forecasts Trend Trajectory - 18th Jul 21
Dell S3220DGF Price CRASH to £305! 32 Inch 165hz Curved Gaming Monitor Amazon Bargain - 16th Jul 21
Google, Amazon and Netflix are Scrambling For This Rare Gas - 16th Jul 21
Sheffield Millhouses Park New Children's Play Area July 2021 Vs Old Play Area - Better or Worse? - 16th Jul 21
Inflation Soars, Powell Remains Unmoved. What about Gold? - 16th Jul 21
Goldrunner: Gold Could Jump To $1,900-$2,100 In Next 30 days – Here’s Why - 15th Jul 21
Tips For Finding The Right Influencers - 15th Jul 21
ECB Changed Monetary Strategy. Will It Alter Gold’s Course? - 15th Jul 21
NASA And Big Tech Are Facing Off Over This Rare Gas - 15th Jul 21
Will the U.S. Dollar Lose Momentum In the Second Half of 2021? - 15th Jul 21
Bitcoin Stock to Flow Model Forecasts Infinity and Beyond! - 14th Jul 21
Proteomics: The Next Truly Massive Investing Opportunity - 14th Jul 21
Massive Solar Storm to Hit Earth 2025, Coronal Mass Ejection (CME) Danger and Protection Solutions - 14th Jul 21
Is This The Best Way To Play The Coming Helium Boom? - 14th Jul 21
Meet SuperMania and its Ever-Present Sidekick, SuperMeltdown - 14th Jul 21
How NFTs Are Shaking Up Arts Trading - 14th Jul 21
Gold: High Time to Move Out of the Penthouse - 13th Jul 21
Climb Aboard! Silver Should Run Up To $38 In Next 30 Days - 13th Jul 21
How Will Remote Work Impact the U.K. economy? - 13th Jul 21
Why Helium Stocks Are Set To Soar in 2021 - 13th Jul 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Plus500 Rreview

Companies / Reviews Apr 09, 2020 - 05:28 PM GMT

By: Submissions

Companies

Introduction

Plus500 is one of the leading brokers that offer a wide range of financial markets with low spreads, no commission but with extensive services. Known for its reliability and efficiency, many brokers from around the world use Plus500 to execute their trades and make profits. With subsidiaries regulated in many jurisdictions, Plus500 ensures that your assets are safeguarded and protected. Being the first broker to introduce a Bitcoin CFD in 2013, it boasts of its access to a comprehensive product line, including options, WTFs, stock indexes, forex, equities, cryptocurrencies, and commodities.


Pros and Cons

Plus500 allows traders to gain access to approximately 2000 trading instruments, allowing them to trade in any financial instrument that they are comfortable with. With extremely low spreads and commissions relative to the other trading platforms, Plus500 proves its appeal for traders worldwide.

On the flip side, however, Plus500 is not the most suitable for beginners who wish to learn more about CFD, due to the sparse library of educational materials that they have. Furthermore, while customers have access to a myriad of instruments, the number of tools available to conduct analyses are rather limited, as compared to other platforms. Moreover, their WebTrader cannot be paired with other trading tools or platforms, making it very inconvenient for traders who are simultaneously using various platforms for CFD trading.

Reliability

As mentioned previously, Plus500 is reputable for being a trustworthy platform where traders can trade with ease. Even though they do not provide extra deposit insurance, the company is regulated in many areas including the Financial Conduct Authority (FCA), CySEA, ASIC, FSCA, FMA, MAS, and the ISA, thus increasing its accountability. Taking extra steps to ensure that client funds are not commingled with corporate funds, traders can rest assured that their monetary funds and assets are safeguarded and affected. Furthermore, funds are also being kept in segregated accounts and regulated banks, giving traders the additional layer of security in the event of Plus500 becoming insolvent.

Plus500’s policy also states that under the Financial Services Compensation Scheme (FCFS), any funds suffering from a shortfall of £50,000 can be claimed. Additionally, Plus500 is equipped with negative balance protection, which means that clients will not lose more than what they have in their current account. Traders can also use guaranteed stop losses on certain instruments to cap their losses as well.

Desktop Experience

Plus500’s WebTrader offers a streamlined trading experience that is stable and user-friendly with any browser that you use. Its simple interface ensures that traders face minimal difficulties and troubleshooting when they are executing trades, ensuring that their trading experience does not get disrupted at crucial moments. It allows you to create analyze charts, watchlists and carefully monitor trades. With over 100 technical indicators that you can apply, Plus500 enhances your average trading experience by a notch.

However, one downside is that Plus500 does not offer a MetaTrader4 (MT4) platform trading alternative, making it less functional and convenient. Furthermore, WebTrader is a closed system which means that professional traders who make use of third-party analytical tools to make trading decisions will find it an inconvenience as the platform does not support such functions directly.

Mobile Experience

The mobile version of WebTrader does not pale in comparison as compared to the desktop version, as it provides the full functionality of it. On their smartphones, traders are able to access the same trading instruments, account details, charting, conditional orders, as well as make deposits and withdrawals. It is also equipped with the necessary security measures such as the fingerprint unlock and automatic sign-out to ensure that your funds are safe and secure.

Research Tools and Insights

Though the platform showcases several in-house research articles and tutorial videos, the library is relatively smaller as compared to other trading platforms and does not include news feeds. However, they do provide customizable charts that traders can take advantage of to conduct analysis on any instrument that they sire. There is also a “Traders’ Sentiment” indicator that reveals to clients how popular a certain instrument is based on the percentage of clients purchasing and selling it, to provide additional insight and aid investors in their decisions.

Investment Products

One of Plus500’s attractive selling points, Plus500 does not charge any commission rates for any of its trades, and all costs are restricted to the spread for each of the trading instruments. Though there are no additional charges for withdrawals or account termination, the platform does have a small fee charged to traders who are inactive. Beginners are also able to open an account with as little as £100, making it appealing for newcomers who are still new to the scene.

Traders who reach a certain criterion are able to have their accounts registered as a “professional” account and will be able to adjust their trades to a higher level of maximum leverage of ten-fold, from 1:30 to 1:300, at the same costs. All traders have access to options trading on the wide range of markets available, in which the settings are customizable according to each trader’s strategy’s objectives and risk tolerance.

Customer Support

Plus500 offers 24/7 online chatrooms and email support for traders in need of help. Though the chatbots make use of automated responses at the start, getting through to a human agent to aid you does not require much time, and are often polite, knowledgeable and quick in their responses. Though there is no customer service telephone number, the live chats are sufficient and swift in their services. There is also an extensive FAQ section that touches on a wide variety of topics to help clients get answers quickly.

Conclusion

In a nutshell, Plus500 is a relatively reliable and useful trading platform that offers a wide range of financial instruments and markets. Since it does not have many educational resources available, professional traders who are experienced may find this trading more suitable, though WebTrader does not have extensive tools and third-party analytic features incorporated. Its user-friendly interface on both desktop and mobile versions makes it extremely convenient and hassle-free, allowing traders to execute trades on the go. They are also regulated in many jurisdictions, ensuring that clients’ funds are accounted for and highly protected. If you need more information, the full trading experience and a detailed review was recently shared in one of the articles published on business24-7.ae.

By Heidi Pate

© 2020 Heidi Pate - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in