- Easily trade CFDs and forex from one account
- Multiple international markets
- No commissions
Not so great for
- No physical share trading
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Headquartered in Israel, but holding licenses in multiple jurisdictions, Plus500 services clients all over the world. Plus500 is a global powerhouse in the CFD and forex trading space, with a listing on the London Stock Exchange.
Plus500 (Plus500AU Pty Ltd, ACN 153301681) is licensed by ASIC in Australia (AFSL #417727), FMA in New Zealand (FSP #486026) and Authorised Financial Services Provider in South Africa (FSP #47546). You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
The following features of the Plus500 CFD trading platform will help you make a decision on whether they’re the right broker for you:
You’ll have access to more than 2000 tradable markets, including local/international share market CFDs, forex, indices, commodities and cryptocurrency markets. You’re able to trade them all long and short on margin.
You can access your Plus500 trading account in multiple ways, including a cloud based trading platform, desktop platform, smartphone apps (iOS and Android) and even dedicated tablet apps (iOS and Android). Trade your way, wherever you may be.
Using pretend money, you can learn how to effectively trade CFDs and forex before committing your own money on a live account. There is no time limit for how long you can use the demo account, which subjects you to real market conditions so that you can see how well your strategies work.
A number of tools are accessible on the Plus500 trading platform to help you manage your risk in the markets. These include stop-loss orders, stop-limit orders, trailing stop orders, limit setting, price alerts and guaranteed stops.
Plus500 doesn’t charge commissions on trades, instead running a spread only model that ensures traders’ costs are clear when they enter and exit trades. The spread is variable and up-to-date prices are always streamed live to your trading platform.
CFDs are complex, much more so than buying shares. In general, it’s all about speculating rather than owning, so it’s very risky. If you’re quite new to the trading game, it might not be suitable for you and you may want to do some research into it first. If you’re not prepared to lose the money you trade, this isn’t for you.
Plus500 offers services that suit a range of different investors. Through the Plus500 trading platform, you’ll gain access to real-time financial market data to guide your trading decisions. Once you have been signed up you will have access to:
If you are having an issue with your Plus500 account, their comprehensive FAQ page should be able to help solve your problem. If your issue requires a more personalised response, you can email Plus500 or access a live chat conversation from the “contact us” section of their website. You can also access customer support via WhatsApp.
As for market data itself, real-time prices and spreads can be accessed through your online trading platform 24 hours a day, 5 days a week. It’s all easily accessible in one place.
If you’re ready to open a CFD trading account with Plus500, click on ‘Start Trading’ button on the Plus500 website and complete the sign-up form.
While accessing a demo account will take you 30 seconds with a name and email address, in order to open a live account, you’ll need to provide:
Once your account has been approved by the Plus500 account services team, you will then be able to fund your account. Do note that Plus500 requires a minimum deposit of ZAR 1500.
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