One of the highly sought-after Contract for Difference (CFDs) trading platforms in the financial market, Plus500 is owned by Plus500 Ltd and is a platform listed on the London Stock Exchange’s Main Market (LON: PLUS). It operates through three different subsidiaries that include Plus500 UK Ltd, Plus500CY Ltd, and Plus500 AU Pty Ltd, this trading platform is known to be extremely trustworthy and secure where traders can trade their assets with ease.
Plus500 enjoys amplified security and reliability because it is regulated in many different jurisdictions in the world, enhancing the protection of assets. As its subsidiaries are well regulated, Plus500 offers traders access to Australia, Europe, and UK markets. Clients may make use of the protection under the Investors Compensation Scheme and Financial Services Compensation Scheme (FSCS).
Trading Platforms
Though Plus500 utilizes a proprietary trading platform called Webtrader, it can meet the needs of many different brokers on a global scale, as the platform is accessible on several platforms. Traders who trade through their desktops can install the desktop version on their computers and laptops, allowing both professional and retail accounts to operate simultaneously on the same platform. With the myriad of advanced tools integrated onto the platform, traders can take advantage of them to facilitate business decisions and increase profit.
Traders who prefer to trade through the internet can access the web-based platform through any web browser that they use. Though other trading platforms also offer a range of the different versions, Plus500 stands out from the rest as the trading platforms under Plus500 offer a seamless and hassle-free experience with one another.
Mobile Trading
Not only does Plus500 offer desktop and online versions of their trading platform, but they also provide a mobile version that allows traders to trade on the go. Compatible with smartphones and mobile devices, the mobile version is an app downloadable free-of-charge on both the Apple App Store and Google Playstore.
The mobile version offers a friendly user interface, without compromising on the degree and advanced tools that other versions provide. It is fully functioning, while the interface is very similar to the online and desktop versions, making transitioning between the versions extremely easy. Comparing both iOS and Android versions, they both offer trading fees at the same inexpensive price, rates, and spreads, and function just as well, while retaining any trading portfolio across all available platforms.
Trading Account
Currently, Plus500 only offers a single standard trading account that requires a minimum $100 deposit. During a recent upgrade, all of the client’s trading accounts were upgraded to Gold status. As a result, clients may now pay lowered premium fees but minimum trade volumes are now higher. Though there is only one account type, clients who are classed as “professional” rather than “retail” have access to more benefits, that includes few restrictions on margin and increased leverage, facilitate successful trades.
If there are traders who are unsure about whether or not they should open an account, there is also a demo account tool. Plus500 has an additional benefit where clients are able to try out their free and unlimited demo account to try out the platform and test any trading strategy that they deem suitable.
Bonus Offers and Promotions
For traders trading in the ASIC regulated region, there are many perks and promotions available. The size of the deposit bonus varies based on the amount of the first deposit, of up to $10,000 AUD. Before making their first deposit, traders should check the bonus page on the trading platform for the relevant bonus codes available for use.
Bonuses can be received through the accumulation of “TPoints” that are rewarded through trades. Once a certain amount has been collected, these points can be converted into cash and be withdrawn. Different assets and investments vary in the number of TPoints that can be collected, and the full set of information and terms and conditions can be found on the bonus page.
Assets and Instruments
With over 2000 different instruments available when using CFDs, traders can enjoy the variety of instruments that include currency pairs, commodities, cryptocurrencies, commodities, stocks, options and ETFs. Furthermore, the available leverage can go as high as 1:300. Cryptocurrency leverage can only go up to 1:2, while other assets like Ripple, Litecoin and Bitcoin can be traded with tight spreads.
Deposit and Withdrawal
Through Plus500, you can pay and withdraw your assets via Credit or Debit Card (MasterCard or Visa), Skrill (Moneybookers), PayPal, or Bank Transfer. When traders make withdrawals, it usually takes about three business days for it to be processed. Traders should be mindful that withdrawals require a minimum withdrawal amount and you are only allowed to withdraw using the same avenue that you used to make a deposit. Though traders are not subjected to any withdrawal fees, there may be inactivity fees and overnight fees for certain positions.
Day Trading
Plus500 is a highly reliable trading platform suitable for day trading. The digital Webtrader is extremely effective as it executes trades swiftly, allowing traders to have a speedy yet premium trading experience. Moreover, it also offers a variety of assets available for trade. For any day trader, efficiency is extremely important as traders have to execute decisions and make trades within a brief period of time, and this is made possible with the large asset index. Plus500 also allows traders to open or close a CFD position whenever they like, giving them the ability to amend and review their positions whenever they need to.
Conclusion
Ultimately, Plus500 offers a range of tools and assets for trade, allowing it to satisfy the needs of any trader. Its efficiency and advanced security also help traders have peace of mind whenever they trade, knowing that their assets are always protected and regulated. Furthermore, with the various versions of the platform available, it offers seamless transitions between the versions and allows traders to execute trades on the go. With Plus500, traders are able to enjoy an enhanced trading experience without any worries. If you want to get more information and all of the insights about Plus500 read this article on business24-7.
