Plus500 is one of the world’s leading providers of Contracts for Difference (CFD) trading.
Its headquarters are in Haifa.
Plus500AU Pty Ltd (ACN 153301681), licenced by: ASIC in Australia AFSL #417727. FMA in New Zealand FSP #486026, Authorised Financial Services Provider in South Africa FSP #47546. You do not own or have any rights to the underlying assets. Consider if you fall within our Target Market Distribution. Please refer to the Disclosure documents available on the website.
77% 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.
Plus500 has been around since 2008 as an online trading platform. It’s a highly rated CFD provider with popular trading apps available for its platform.
Importantly and in accordance with ASIC and Australian legal requirements, Plus500AU Pty Ltd holds clients’ money in a segregated trust account.
Plus500 is most certainly fully regulated in the Australian market, and if you’re concerned about the bona fides of the company itself, check out my article here.
Plus500AU Pty Ltd has available over 2,000 instruments in it’s portfolio range. The main underlying classes to the CFDs are:
As mentioned above, Plus500 offers a wide range to trade CFDs on. Plus500 is compensated through it’s Buy/Sell (Bid/Ask) spreads, which means that when you open a position, you pay the spread. Different instruments have different spreads – you can find this when you log into your account so it’s well disclosed.
The benefit of Plus500’s spread payment type is that they do not charge any commissions for things like deposits, real-time forex quotes, live share CFD prices, opening/closing trades, or for rolling your position. Some other providers do in fact charge for this.
They do have other additional trading fees – including fees for overnight funding, guaranteed stop orders, inactivity fees, excessive monthly withdrawals and unsupported foreign currency credit card transactions.
Plus500 spread fees are not fixed, and the spread, or ‘pips’ can depend on many factors determined by Plus500. Generally, they are competitive compared to other online CFD platforms.
Plus500 leverage is quoted on their website as being 30:1, depending on the jurisdiction and product.
Real-time trading alerts are a standard feature of Plus500, and you can custom set how and when you would like to receive these alerts. Email, SMS and push notifications are all available. Some of the types of alerts that can be set for are price alerts, % change, buyers vs sellers (traders’ sentiment).
One of the hands-down best features of Plus500 is it’s free demo account. It, along with the free videos that are available through their website, give you a great feel for Plus500’s intuitive trading accounts and whether or not CFDs could be a good fit for you in a sandbox style environment For the demo account, you do not require any funds to be deposited. For more information on Plus500’s Demo Account, check out my article here.
Like all CFD providers, Plus500 trading CFDs has its risks. CFD Service. Your capital is at risk. Make sure you do your own due diligence if you decide to use them as a provider.