Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC. Not only is it safe, Plus500 is also considered a leader among online trading platforms. The company holds client funds in segregated accounts and follows Anti-Money Laundering regulations. The broker also provides users with a range of risk management tools to help them protect themselves. Since its establishment over 10 years ago, Plus500 has built a solid reputation for offering CFD trading to a global audience. Inexperienced traders will find the broker both straightforward and easy to use.
Customer Reviews
The around the clock support is available via email, whatsapp and live chat service. Plus500 also maintains an active presence on social media sites like Instagram, Facebook and Twitter. Customers with complaints can also communicate with the Ombudsman office that is based in the UK. The deposit and withdrawal procedures with Plus500 are user-friendly and efficient, offering instant deposits and relatively quick withdrawal processing times.
Customer Support
On the other hand, MetaTrader is available through many trading brokers, including Pepperstone. The Plus500 platform offers a number of different methods of depositing funds and payment processing options such as Visa, MasterCard, Wire Transfer, PayPal and Skrill are all supported. In order to make a deposit, users must navigate to funds management, deposit, select the desired deposit option, and then click submit. The platform offers a comprehensive product line which includes shares, Forex, commodities, ETFs, options and indices. Plus500 is a trusted global CFD broker, regulated by many authorities including the UK FCA and CySEC. Plus500 has a simple, easy-to-use site, with an especially well-designed mobile platform, popular for traders looking to trade multiple asset classes.
- A sure sign that the broker is confident that its numbers stack up compared to the peer group.
- If your country is not accepted, please feel free to browse our broker reviews for an alternative option.
- We will also give you some top tips in order to make the most of your Plus500 trading experience.
- This fee is applied to positions that are not closed by a specified time, typically incurring a cost for maintaining the position overnight.
- Customers have praised Plus500’s excellent customer service, which is uncommon in the industry.
Leverage trading
Lastly, there may be additional fees that may apply for guaranteed stop orders. These are essentially order levels that Plus500 guarantees will get executed at once the price reaches that level. In order to compensate for the broker risk with these orders, the spreads may be slightly larger. CFDs are inherently leveraged products so it’s impossible to trade without leverage at Plus500. If you want to trade without leverage consider a broker offering share ownership. Professional clients are afforded lower spreads than retail clients.
86% of retail investor accounts lose money when trading CFDs with this provider. WebTrader has a simple and easy-to-use interface that lets you create watchlists, analyze charts, as well as place and monitor trades. The technical analysis charts offer many technical indicators that you can apply to many different time frames, from tick charts to weekly charts. Furthermore, there are fees for « guaranteed stop loss orders » (GSLO), and inactivity fees kick in after an account has no login activity for three months.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading plus 500 review Advisor (CTA). Yes, based on your detected country of NL, you can open an account with this broker. Plus500 is regulated in various countries through different regulatory bodies.
Weigh these aspects against your trading goals and conduct thorough comparisons with other platforms to find the best match for your investment needs. The only way users can contact the Plus500 customer support and receive any sort of assistance is in writing. They can either use the live chat, WhatsApp, or the contact form available on the Plus500 website’s Contact page, to contact the support team by email.
James is an ex-Barclays Bank financial services professional who wants to create a safer investing space for newcomers. As long as you close your positions before overnight funding charges are https://forexhero.info/ applied to your account. There is no Plus500 commission per se, rather the fees are built into the spread. There are also overnight charges, currency conversion charges and an inactivity fee.
However, it’s crucial to note that while there are potential gains, there is also the possibility of capital losses. Trading involves risks, including the potential loss of invested capital, and traders should be mindful of these risks when making investment decisions. Diverse indices representing different markets and sectors, including the S&P 500 and FTSE 100, are available for speculation. Although Plus500 does not offer traditional options trading, traders can use Contracts for Difference (CFDs) to speculate on underlying asset price movements, including options.