Plus500 reviews

Plus500 reviews

A company that has become famous around the world, which is a sponsor of several European soccer clubs – Plus500, was founded in the UK in 2008, successfully listed on the London Stock Exchange under the ticker LSE:PLUS, has several divisions through which clients are served, the company is licensed in Australia, New Zealand, Singapore, UK and Israel. The total number of transactions through this company was 35 million, and the number of active clients exceeded 200,000.

Our analysis of the broker:

The company is part of the FTSE 250 index, a key index for the British economy that includes the leading companies in the UK, which occupy lines from 101 to 350 in the rating. Every three months the index participants are reviewed. The company has several regulators in different parts of the world, but among them, there are three most respected in the global financial community. After all, the more control, the less opportunity for arbitrariness on the part of the company.

As we said, the company has been on the market for a long time, and during this time it has created its own platform. When it was created, the main thing the creators wanted to achieve was ease of operation. In our opinion, they succeeded

Spread policy applies to all trading accounts without exception and the level is close to the market average.

The company is public, it doesn’t have its own bank. Among the regulators are such well-known organizations as the MAS (Singapore), the Securities Commission of Australia and the British regulator FCA.

Investment offer

Please note that currency trading is only available in CFD format, the full list of products available for trading is provided below:

Forex Trading Yes

CFD 2033

Forex Pairs 50

Cryptocurrency (base) No

Cryptocurrency (CFD) yes

No copy-trading

Commissions and Fees

The company does not offer a discount on the spread, depending on the type of the trading account, which is quite strange and will not be a motivator for customers to use more expensive rates. Information about other commissions we have not found, in any case, we recommend contacting the support team before registration and find out everything in detail. This article is created for introductory purposes only

Spreads: The indicator for many traders when choosing a company is the spread for the EURO /US Dollar pair, here its value is 0.8 pips. Spreads on other pairs are different, learn it on the site.

Platforms:

Plus500 reviews

WebTrader platform is everything a trader needs, easy and fast interface. In fact, this platform can serve as a kind of simulator where a client without much experience can hone his skills and master the basic tools. Let’s be honest, most traders do not use all the variety of modern tools.  As for the advanced platform, you will find stop-losses, trailing stops. These are necessary tools to minimize your exchange risks.

We had some questions about the desktop platform as we were unable to run it on Windows 10, but it can be installed as a Chrome app. Based on this, we decided. That in the future, the company will focus on the browser version.

Graphics: you can use one of a hundred technical indicators for detailed charting, while 21 tools are available for drawing. This together gives a good opportunity to make a quality technical analysis.

If you prefer carefree copy-trading, you’ll be disappointed by the lack of this feature here.

Research

There are no proprietary studies, nor are there any video conferences, market coefficients, or anything else. The only things you can find here are links to Yahoo Finance and a calendar of events from Dow Jones. Technical and fundamental analysis is missing as well.

Education

There are no specialized educational texts, in contrast to the nearest competitors. To compete and attract more newcomers, of course, requires the development of this area.

Mobile trading

The company is trying to stick to the same style and set of instruments in all versions of the trading platform, the only thing is that the charts from the internet cannot be synchronized with another versions.

The common problem of Plus500 platforms is the scarce set of advanced tools, although there are some improvements. For example. Progress can be felt on charts, which have a sufficient number of indicators and drawing tools. However, trading app, like WebTrader, lacks the advanced tools and extensive features needed to compete with the industry leader. For example, web-based Plus500 charts do not sync with mobile devices.

Verdict

Putting aside the lack of sufficient study content, we can say that Plus500 is a very good option for traders taking their first steps in stock trading. Experienced traders will be disappointed by the small number of instruments despite the large number of CFDs to trade.

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