This is a great broker that provides a vast amount of CFDs. It is especially great if you are looking into trading CFDs on stocks that were just listed, as Plus500 broker starts showing the price feed for such stocks as Alibaba, ABN AMRO, Twitter and so on just a few days after an IPO. In addition to this, it provides an easy to use web trading platform. Sounds exciting? Find out more in Plus500 broker review below.
Plus500 CFD Broker
CFD Service. 80.6% lose money
Plus500 Trading Instruments
This broker claims that it only offers CFD services. Even though this is true, it not really different in any way from a broker that offers regular spot FX trading. However, with Plus500 you get much more than just some 50 currency pair. Unlike most of the brokers, with Plus500 you can actually trade a lot of different CFDs, the following markets are available:
Let’s examine each of those separately.
Plus500 CFD on Forex Trading
When trading with this broker you can get access to an impressive amount of currency pairs – there are 55 FX pairs at your disposal. You have access to all of the majors, minors, commodity pairs and quite a few exotics too. What is the best is that you can trade European local currency pairs like EUR/PLN, EUR/HUF, USD/CZK and so on.
Speaking of spreads, they certainly vary depending on the currency you trade, yet they are quite competitive.
On other currencies the conditions tend to be quite different, so if you are into FX, we would suggest you to check the conditions here, as they are beyond the scope of this Plus500 Forex broker review.
Plus500 CFD on Shares Trading
When it comes to CFDs on shares, Plus500 just knows no competition. Unlike other brokers that offer some basic stocks like #AAPL or #IBM, Plus500 certainly goes local (in terms of Europe) and lets you trade the shares from 20 European countries.
Depending on a country, you can find from just 5 to over 1000 CFDs on shares available. If you are interested in Portuguese stocks, for example, you could access the trading of some 6 major corporations, but if you are interested in the US – the possibilities are just limitless as you can trade nearly any stock from this country.
Plus500 CFD on Other Markets
If you are interested in trading global economies, Plus500 lets you trade 21 different indices, which are mostly European, but them major ones like Nikkei, ASX, Nasdaq, Hong Kong and others are available.
You can also trade options (no, not binary ones, the real deal), a huge number of ETFs and quite a variety of commodities too. Most of the brokers would let you trade oil, gas, gold and silver, while Plus500 adds platinum, palladium, coffee, copper, sugar, soybeans, cotton, wheat and more.
This is why we can come to a conclusion that if you are looking for a large variety of the trading instruments – Plus500 should definitely be your choice. Yet such a wide range of markets does not come for free. Why? Continue reading this Plus500 broker review to find out.
Plus500 Trading Platform
Most of the brokers are not offering so many trading instruments due to one simple restriction – MetaTrader 4. You may ask, how does a trading platform influence the broker’s market availability? Well, when MetaQuotes developed its platform, it set a limit on the amount of instruments that can be present there and this is why most of the FX brokers offer quite a smaller amount of instruments.
As Plus500 broker aims on offering access to nearly every possible asset – it had to develop its own platform. This is why if you are looking for a good ol’ MT4 broker – Plus500 cannot be your choice.
Having said this, Plus500 trading platform is still qutie great. First of all, it is fully web-based, so there is no need to download and install any components, you can just run it on the fly. It is not so powerful in terms of indicators and graphical objects, in fact, it is a very simplified and should be rather used for order execution than predicting the market. We would recommend you to use this software in conjunction with TradingView or other online, web-based, powerful charting software. This way you would still get access to some extensive tools to analyze the charts, while trading on a simple platform available in your browser.
Another disadvantage of this platform is that it does not support automated trading, so if you are into expert advisors and trading robots – you should check another broker.
When you are choosing a broker, regulation is what really makes the difference. You certainly don’t want to end up trading with a broker that can disappear with your funds one day and this is where Plus500 broker excels. Plus500 CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Next to this, it is safe to assume that the regulatory watchdog check Plus500 way harder than the rest of the brokers, as this is one of the few listed FX companies.
Plus500 Broker Review Conclusion
If you are new to trading and don’t know where to start – Plus500 is certainly the best choice you can make. If you are a seasoned trader and are looking for the platform for manual trading – Plus500 is a great choice too.
80.6% of retail CFD accounts lose money
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.