While working on this review of Plus500, we found that many people trust this CFD Forex broker in New Zealand. Below, we will talk about the regulatory bodies that authorize this CFD FX broker. Regulations are probably one of the most important parts of successful Forex trading. When it comes to Plus500, there are many regulatory agencies that make sure that the clients of the company are in good hands. In addition, it should be noted that the broker itself has stated many times that their top priority is the security of their investors, and it can be very easily seen in the job that the broker does.
MT4’s complete technical analysis package with over 50 built-in indicators and charting tools help’s to keep you on top of market trends using multiple accounts. You can execute trades manually or with preloaded Forex news indicators and automated robot trading strategies . Alternatively, MT4’s highly customizable, advanced software allows you to create your own trading strategies using its unique MQL4 programming language.
This makes Plus500 the world’s 3724th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to mesure how much a company is worth. I have tried using plus500 platform in demo mode.Its really usefull to me but I am not sure how long it take to transfer the profit I gain if in real account.
These documents will be reviewed, and if everything checks out, the account will be verified within a day. Signing up is straightforward, and to start trading, you need to deposit at least $100. Funding the account is simple, with around 14 base currencies supported. In 2010 Plus500 launched a web version that allowed Mac and Linux users to access the broker after the Windows-only platform’s initial success.
This makes it possible to use such feature like Volume analysis for trading on Crypto exchanges. Analyze a combined trading data from several brokers or data feeds in one interface. Create your own trades history for fast local playback and testing of your strategies. Send your trading orders to several brokers simultaneously and manage them in one application. From our observations, Plus500 offers a simple and transparent trading offering. Users can trade on more than 2,500+ financial CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies, as well as on unique sector indices like the Crypto 10 Index.
Cryptocurrency Cfds You Can Trade With Plus500
Alternatively, you can download the Plus500 app and access the trading space through it. Trading on-the-go will be as convenient as trading comfortably sitting at your desk. We have already mentioned this, but there are several cryptocurrencies offered on Plus500 and available for trade. Cryptocurrencies are digital currencies that are not controlled by any type of centralized authority. They are a new form of asset, and as such, they are highly volatile and still under development.
I highly recommend the Seychelles subsidiary, as it presents the best trading environment amid higher leverage, bonuses, and more flexible trading conditions. Since Plus500 remains a well-capitalized broker with a trusted reputation and corporate image, the risks of default or malpractice are non-factors, in my opinion. Therefore, the lack of an investor compensation fund does not increase trading risk.
If traders manage to make money by trading on the platform, they are free to withdraw it and use it for IRAs elsewhere. When it comes to overnight funding, the fees are quite high on the Plus500 trading platform. As explained earlier, these are the fees for traders who enter a leveraged position and Day trading leave it open for a certain period of time. When it comes to trading fees, they are quite low on the Plus500 platform, at least when compared to other platforms. There is no commission, and all that users need to pay is the spread, which is the difference between the buy and sell (bid/ask) prices.
How To Trade On Plus500
It is also listed on London Stock Exchange and is a constituent of the FTSE 250 Index. For our second account, the experience was completely the opposite . After trading US stocks and ETFs, Plus500 asked us to fill in the US W-8BEN form. It has to publish its financial details every quarter to comply with UK regulations.
- Every aspect of this platform is designed to help you make the most of the financial markets.
- Plus500 offers trading services withforex pairs and CFDs of stocks, indices, cryptocurrencies, ETFs, and options.It targets both retail and professional traders.
- Plus500’s WebTrader is an independent, proprietary platform developed for the exclusive use of their clients.
- Under the current laws, the FCA is also a part of the MiFID and the EEA, which allows FCA regulated companies to indulge in cross-border sharing of services to all traders from the EU.
- For the most popular currency pairs, the minimum spreads vary a lot.
Traders with the Seychelles or Singapore subsidiary get a first deposit bonus on deposits above $200. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus. The Plus500 bonuses and promotions depend on the regulatory jurisdiction.
After the online registration, you have to verify your identity and provide proof of residency. You can upload a copy of your ID or passport to verify your identity, and a bank statement or utility bill to verify your residency. Alternatively, you can use a driving license or a residence permit for ID verification, or a toll taxes letter, salary slip or address card to verify your residency.
Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service. Trade with spreads from 0.0 pips, no requotes best possible prices and no restrictions. IC Markets is the provider of choice for plus500 canada high-volume traders, scalpers and robots. Our order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems.
Opening An Account
As mentioned, Plus500 offers its own trading platform, which is why it does not have to use MT3, MT4, cTrader, and alike. The platform is very straightforward, the interface is user-friendly, and it also looks good. However, it cannot be customized, which may be taken as a negative, although many find this lack to be quite manageable. If traders are confident with their decision to trade a specific coin, they can start the trade by choosing to long or short and press Buy or Sell. Here, users can decide on the number of contracts, leverage, the amount, and alike.
2 million trades, through which traders exchange around 60 billion pounds during that same timeframe. 67% of retail investor accounts lose money when trading CFDs with this provider. Plus500 allows clients to speculate on the price of shares, indices, commodities, forex, options, cryptocurrencies, and ETFs without having to take ownership of the underlying asset. This is the basis of CFD trading and Plus500 is one of the top CFD brokers out there. 67.7% of retail investor accounts lose money when trading CFDs with this provider.
Regulation is vital since it gives investors confidence and assurance that they are dealing with a credible platform. The regulation also helps protect users in case of insolvency, ensuring they don’t lose their money. Given the risk involved in trading CFDs and the additional threat of scams, regulation assures traders that they are trading on a platform that isn’t likely to disappear with their investment. IC Markets mission is to create the best trading experience for retail and institutional clients alike allowing traders to focus more on their trading.
Plus500 is a global platform, and to serve its diverse user base, there are plenty of payment methods supported suitable to anyone no matter where you are located. This section will take a more in-depth look at other aspects of this broker, like regulation and additional features that make the platform stand out from the rest. The price bellow is not the exact real price, it a CFD price offered by Plus500.com really close to the market actual price.
Plus500 Fees And Spreads
Plus500 is a leading CFD Trading Broker in Europe, Asia, Australia, New Zealand. Plus500 offers dedicated, multilingual support in 16 different languages 24 hours a day, 7 days a week through Live Chat, WhatsApp and Email. An FAQ section is also offered which covers the frequently asked questions for deposits, opening an account, verification, Super profitability withdrawals and more. Overnight funding charges – added or subtracted from your account when holding a position overnight. More than 2,500+ CFDs to trade on, covering multiple asset classes. Plus500 holds a valid AFSL license from the ASIC, a financial authorisation from the FCA, and an EEA/MiFID approved regulatory license from the CySEC.
After choosing this option, traders will get access to different coin CFDs that Plus500 is offering. This includes multiple coins, such as Bitcoin, Ethereum, Litecoin, NEO, XRP, IOTA, and Monero. ETFs, or exchange-traded funds, are massive funds that measure the indices’ performance. CFD trading in shares is popular around the world, which is why it is hardly surprising that all the most actively traded shares can be found on Plus500.
Plus500 Review 2021
It is also listed on the London Stock Exchange’s Main Market for Listed Companies, making it a safe and trusted service which offers a portfolio of more than 2,000 instruments. Plus500 has established itself as one of the leading contracts for difference brokers worldwide, allowing users to trade forex, cryptocurrencies, options, ETFs, shares, and indices. Additionally, the platform is authorized and regulated in numerous countries, making it a trusted entity where traders worldwide can interact with financial instruments. In Australia, the company operates under an Australian Financial Services Licence and has received the ‘Best Forex Broker Australia’ award. A zero restrictions policy means that FP Markets provides the ideal conditions for scalping and those using Expert Advisors to conduct their currency trading. Choice is another advantage that active traders can enjoy with FP Markets as MetaTrader 4 and MetaTrader 5 are included in our trading platform offering.