Traders’ funds are kept in segregated bank accounts, and the data on the broker’s website is secured using SSL encryption technology. The Plus500 trading platform is developed in-house by the broker’s team of fintech experts. It is a web-based trading platform that runs directly on modern web browsers, including Chrome, Safari, Firefox, and Edge, without the need to first download and install an application before using it.
Number of base currencies supported
It is mainly users who lost money while trading, blaming the app for their unsuccessful endeavours. Among Android users, Plus500 has an even more positive reputation, with a 4.3-star rating out of more than 106k reviews. There is tons of praise for the app’s interface and user experience, and its usability overall. As soon as you launch the Plus500 web trading platform, you will notice that the people who designed it were going for simplicity rather than aesthetics. It is not convoluted, provides the most important information on the home screen, and navigating is easy from the first try. Choose a category, such as most traded, most viewed, highest sell ratio, or most profit-making positions.
Instead, it segregates it into trust accounts and administers it in accordance with the FCA’s rules. Plus500 is a well-established and trusted broker, regulated by the proper authorities in every country it operates. It provides its users with a safe trading environment and takes the necessary precautions to protect their funds in unfortunate scenarios. They can be used to open and close positions, set orders, monitor and analyze charts, set alerts, send notifications, explore +Insights, and do essentially all the things that mobile traders need. The Plus500 platform provides users with quick and easy access to any instrument they might be looking for through its search bar, located on the upper left side of the platform.
Plus500 provides various account types, each differing in ownership structures and the scope of available services. To open an account on Plus500, whether for CFD or Futures trading, clients must provide a set of documents and complete necessary questionnaires. Plus500 can be suitable for beginners, especially those new to CFD trading, due to its user-friendly interface and straightforward platform.
However, the Plus500 Webtrader does not support automated trading and is only suitable for manual trading. The broker also offers a demo account, which comes preloaded with virtual funds for practice purposes. Plus500 does not offer an extensive array of educational content for traders when compared to education leaders such as City Index, IG, or CMC Markets.
Transaction Fees
Plus500 offers extended hours trading for CFDs on certain shares, including the Magnificent 7 tech stocks. Headquartered in Israel, Plus500 is an online Futures (USA only) and CFD broker that strives to promote optimal transparency and professionalism in online trading. Plus500 also offers its proprietary trading platform, which is designed for straightforward and efficient use.
- Although there are no trading fees, you will incur costs like spreads and additional charges like inactivity fees or overnight funding costs.
- That said, as a broker that deals solely with CFDs, 2,800 instruments is simply not enough.
- So, if you are a beginner, you could look for a regulated broker offering the globally-acclaimed MT4 platform along with excellent trading conditions.
- Plus500 offers trading in over 20 cryptocurrencies, including Bitcoin and Ethereum, through Plus500Futures and Plus500CFD.
Thousands of Active Traders
These are written by seasoned in-house analysts and explore mostly fundamental themes, for example, earnings reports and central bank policy. Plus500 offers a swap-free Islamic account that adheres to the principles of Sharia law. Professional accounts at Plus500 include benefits like higher available leverage and cash rebates. WebTrader is an exceptional platform for casual traders and swing traders thanks to its first-class design and usability. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on the broker’s operating history, size, and overall transparency.
The Plus500 demo account is free and without any time limit, enabling users to practice trading without constraints. Live chat support is fast to respond and conveniently accessible within the platform. The Plus500 Trading Academy is a great resource for building a foundation of market-related knowledge.
Trading platforms
With its unique advantages and comprehensive offerings, it caters to a wide range of traders, from beginners who can use the demo account to experienced professionals. While there are improvement areas, Plus500’s strengths make it a viable choice for traders seeking a reliable platform to trade various financial instruments. Plus500 offers mobile trading apps for both Android and iOS devices, allowing traders to access their accounts and trade on the go.
- Additionally, the withdrawal process can sometimes be slower compared to other platforms.
- The company publishes its financial statements, annual reports, and transactions in its own shares.
- We were impressed by the videos as they were really well done – short, concise, and informative.
- The Plus500 app, however, provides all the same chart styles, time intervals, drawing tools, and 110 indicators that you’ll find on the web platform.
- Please note that in the UK, availability of cryptocurrencies is subject to regulation.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading plus500 canada platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Educational Materials
When holding CFD positions overnight, traders may incur an overnight funding fee. This fee is applied to positions that are not closed by a specified time, typically incurring a cost for maintaining the position overnight. Plus500 has a relatively low account minimum requirement of $100, making it accessible to traders with varying levels of capital. This lower barrier to entry allows traders to start with a modest investment and gradually increase their exposure as they gain experience. The minimum deposit at Plus500 is generally 100 units of currency ($100 or equivalent) depending on your account denomination and the payment method you select from the client dashboard.
Plus500 mobile app screenshots
Plus500 is an international online trading platform, founded by six alumni of the Technion – Israel Institute of Technology in 2008. Today, it has subsidiaries in the USA, the UK, Japan, Australia, Israel, Singapore, Seychelles, Estonia, Cyprus, and Bulgaria. You’ll get pretty much all the same features in the app as you do on the web platform, so Plus500 is a good choice for users who want to trade on the move without sacrificing functionality.
Please note that Plus500 Invest is currently available in specific countries. Many trading platforms don’t provide advanced charting tools to mobile users—you’re often lucky to get just a simple real-time line graph. Plus500 excelled in our Trust category, with its large global presence as a multi-regulated and publicly traded broker.