Plus500 Review

Plus500 is a popular online CFD-only broker that is headquartered in Israel and regulated in multiple jurisdictions through its subsidiaries. The brokerage firm was established in 2008, and they offer CFDs on Forex, Stocks, Commodities, ETFs, Options and Indices, on their proprietary trading platforms, which is equipped with many useful tools. They provide favorable trading conditions, with tight spreads, no commission fees, fast and reliable order execution, and prompt customer support to their 304,000+ active clients.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Markets

Plus500 offers a huge product portfolio of over 2000 CFDs trading instruments from various popular asset classes such as forex, stocks, indices, cryptocurrencies (Availability subject to regulations as cryptocurrencies are not available to retail clients in the UK), commodities, options, and ETFs.

Platforms

The broker provides their clients with their proprietary trading platform, Plus500 Trading Platform, which is intuitive, with a good variety of charting tools and a built-in economic calendar. Plus500 Trading Platform is available as an installable desktop application for Windows 10, a non-installable web version that can run in most popular browsers, and mobile apps for iOS and Android devices, as well as Windows Phone. The broker also provides other useful trading tools, such as Risk Management Tool, Real-Time Alerts, Price Alerts, Traders Sentiment, and more.

The Plus500 trading platform allows clients to trade on over 2,000+ products across numerous markets with competitive spreads and no commissions.

You may look for instruments by name and examine charts for those that you want to see. There are buy and sell options for opening positions, with real-time price updates. There are multiple supported order types. Users may configure email, SMS, and push notifications to get alerts when certain market events occur, such as price fluctuations and sentiment shifts. The platform’s upper bar provides an overview of the state of your current portfolio.

The charting tools on the Plus500 platform are rather diverse. It can display charts in a variety of timescales, from tick to weekly, and in a variety of chart formats, including candles, bars, and lines. Most common technical indicators, such as Bollinger Bands, moving averages, MACD, RSI, and so on, are available. There are tools for sketching support and resistance levels, graphing Fibonacci retracements, and much more. You may store chart templates to easily load and use again later.

There is an economic calendar built-in that displays news events and the projected influence on markets, as well as current, past, and forecasted results. The news may be sorted by date and importance. As part of a fundamental examination, this calendar is quite valuable.

Two-step authentication is used for logging onto the platform. They also provide login via Google and Facebook, which may be more convenient for some users. While most brokers use the famous MetaTrader trading platform, the Plus500 platform is incredibly current and polished, with all of the capabilities that traders would ever want, all from one clean interface. Clients may access the trading site in 32 languages, including English, Chinese, Russian, Spanish, French, and German.

Tools

Alerts

You can get email, SMS, and push notifications in real time. Setting up notifications is free, and available on all devices. Create alerts by clicking the alert icon on the main trading screen and view, amend, and delete alerts by selecting the “Alerts” tab in the programme menu.

Price Alerts:  React to price movements as they occur. Set up price alerts to get notified when an instrument hits a certain Buy or Sell price.

% Change (Daily or Hourly):  Receive an Instant Notification of a Percentage Increase or Decrease. Change percent alerts are used to get notifications when the absolute price change (positive or negative) of an instrument exceeds a specified level. Change percentage notifications can also be set to reoccur daily or hourly.

Traders’ Sentiments (Buyers % vs. Sellers %): Discover How Others Are Trading in Real-Time. The Traders’ Sentiments tool is a one-of-a-kind notification tool that is activated automatically when the proportion of Buyers or Sellers (among Plus500 clients) reaches a specified threshold.

Education

Plus500’s website has several sections with FAQs that explain the various markets, how their platform works, and the services they offer. But apart from these FAQs, the broker does not provide any other educational material, as their website has no dedicated educational area.

Economic Calendar

The economic calendar, which is driven by Dow Jones data, may be utilised as part of a fundamental study. It keeps you up to speed on the newest market news events and assigns a grade to each event’s potential impact, ranging from low to medium to high. The name of the release, nation, connected instruments, date and time, level of influence, and actual/previous/forecasted result are all displayed. The calendar may also be set to display company events, which is a helpful feature that not many other brokers provide.

Risk Management Tools

These basic but effective trading tools might help you control your risk.

Close at Profit [Stop Limit] and/or Close at Loss [Stop Loss]: When initiating a new position/pending order or amending an existing position, you may add ‘Close at Profit’ [Stop Limit] and ‘Close at Loss’ [Stop Loss] orders to your trades. These orders enable you to specify the rate at which your position will be closed in order to safeguard your profit in the case of a Close at Profit order or to minimise your loss in the event of a Close at Loss order. Please keep in mind that Close at Profit and Close at Loss orders do not ensure that your position will close at the precise price level you specify. If the market price suddenly gaps down or up at a price over your stop level, your trade may be terminated at the next available price, which may be different from the one you specified. This is referred to as slippage.

Guaranteed Stop: Adding a Guaranteed Stop order to your trading position limits your possible loss to zero. Even if the instrument’s price swings drastically against you, your position will be terminated immediately at the stated price, with no chance of Slippage. Guaranteed Stop is only available for a few instruments. If an instrument supports the Guaranteed Stop order, a checkbox will appear on the platform (after you have selected the ‘Close at Loss’ checkbox).

A Guaranteed Stop order may only be applied to a new trading position/pending order, not to an existing position. When the instrument is accessible for trade, a Guaranteed Stop can be activated/edited. Only a Close at Loss order can be altered or deleted after your Guaranteed Stop order is operational. Once activated, the extra spread fee for a Guaranteed Stop is non-refundable and will be indicated prior to acceptance. The Guaranteed Stop level must be a predetermined distance away from the instrument’s current trading price.

Trailing Stop: A Trailing Stop order allows you to lock in a set amount of earnings. When you establish a position or pending order with a Trailing Stop, it will stay open as long as the price goes in your favour, but it will close automatically if the price changes direction by a predetermined number of pips*. When you use a Trailing Stop, you may put a Close at Loss order that automatically updates when the market advances in your favour. If the market moves unfavourably, the Close at Loss order is triggered (in accordance with the requested pips change). This service is free, but there is no assurance that your position will close at the exact Close at Loss level due to ‘Slippage.’

Trader’s Guide

The Plus500 website has an excellent collection of trading instructions. There are ‘how-to’ videos available to help you learn more about online trading with Plus500’s platform. They cover a variety of subjects, including an introduction to CFD trading, trading methods, and more.

News and Market Insights

The Plus500 website also has a very informative news and insight section. Here you will discover some fascinating articles that will keep you up to date on the newest market news and its influence on various instruments.

eBook

Comprehensive descriptions of the instruments the broker provides, platform features, a step-by-step Plus500 trading instruction, and important trading terminology can all be found in this eBook.

Conclusion

Plus500 is a well-established CFD-only broker that is regulated in multiple jurisdictions. They offer a wide range of tradable CFD instruments with quality trading conditions. The broker provides a proprietary trading platform with unique tools but does not provide educational resources. Plus500 does not offer robot trading.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.