Plus500 is a UK-based Cryptocurrency trading platform regulated by the Financial Conduct Authority. One of its key features is the ability to offer CFDs. With this, investors can trade currencies on a secure and user-friendly platform. However, a few key things should be considered when choosing a CFD platform.
CFD trading platform
Plus500 is a CFD platform offering trading in traditional markets and crypto. The Plus500 app is available for iOS, Android, and Windows. It provides a visually appealing trading experience and several valuable features. For example, unlike most centralized cryptocurrency exchanges, Plus500 does not charge commissions.
Plus500 users can trade popular cryptocurrencies such as Bitcoin, Ether, and Ripple. However, there are limitations. For example, Plus500 does not accept clients from countries including the U.S., the UK, Canada, and Australia. Therefore, traders must verify their identities before trading. Similarly, Plus500 does not allow trade in countries with no license.
To open an account with Plus500, you must provide a recent utility bill, a credit or debit card, and a government-issued identification document. There are also minimum deposit requirements based on the payment method. A minimum of EUR100 is required for a credit or debit card. You can use a bank transfer if you do not have a credit or debit card.
Overnight funding charges
Plus500 offers a wide range of services to its clients. It has an interface that is easy to use and provides a practical trading experience. In addition, the company is well-regulated. For instance, it is licensed by the Financial Conduct Authority (FCA) in the U.K. Moreover, its subsidiaries are authorized by standard regulatory bodies.
Plus500 has been around since 2008 and is considered one of the oldest broker platforms. Despite that, it is still a very reliable platform. Aside from its interface, it also provides market insights, and economic and earn ngs calendars.
Plus500 offers five free withdrawals per month. You can withdraw your funds using Visa or Mastercard, bank transfers, PayPal, e-wallets, or Skrill. However, some users complain that they have suffered losses quickly.
Demo accounts
Plus500 offers a variety of financial instruments for investors. It has a user-friendly interface that allows you to buy and sell trades without any commissions. You can also trade in six different crypto-based assets against the U.S. dollar.
The platform is registered with the U.K.’s Financial Conduct Authority and listed on the London Stock Exchange. A minimum deposit of $500 is required to open an account. Traders can choose from various deposit options, including VISA, MasterCard, bank transfers, and e-wallets.
Plus500 also charges a Currency Conversion Fee of 0.5%. This fee is reflected in the unrealized profits and losses of open positions. In addition, traders can opt for the Stop Loss Guarantee, a unique order type that guarantees the job will close at the rate you request.
User-friendliness
Plus500 offers an impressive array of services. Among them is the world’s first CFD for bitcoin. Moreover, the company provides a variety of financial instruments to its clients, from crypto speculation to foreign exchange trading. As a result, its offerings have gained the trust of its investors.
However, a review of Plus500’s features indicates that it may miss out on some key components. For example, the company’s mobile application is not MT4 and may be outdated for the more experienced trader. Additionally, Plus500 has not gotten in on the U.S. brokerage market. In the U.K., the company is registered with the Financial Conduct Authority (FCA) and regulated by the Monetary Authority of Singapore.
Another feature worth noting is that the broker allows its clients to access various tools, including biometric authentication, to enhance their user experience. This is a brilliant move because there are numerous fraudsters in the industry, as well as hackers.
Regulated by the Financial Conduct Authority
Plus500 is an online forex and CFD trading platform that offers a comprehensive product line of instruments. It also provides risk management tools and research amenities. In addition, Plus500 clients have access to more than 90 ETFs and commodity futures.
One reason that makes Plus500 stand out from the competition is the low cost of trading. Plus500 charges no account closing fees or withdrawal fees. And, if you want, you can trade 24 hours a day.
Plus500 has a clean and easy-to-use interface. Users can fund their accounts with Visa or MasterCard cards or through e-wallets. They can also choose to log in using their Facebook or Google accounts. After completing the KYC verification process, they get a confirmation email.
