Plus500 is a UK based CFD (Contracts For Difference) trading platform that can be used to trade cryptocurrencies, shares, commodities, forex, and indices. It was established in the year 2008. It is one of the reliable trading platforms for non-US members.
Pros:
1. 3 different platforms: The trading platform is available in three different types: web-based platform named Web Trader, downloadable version for desktop and mobile app (both iOS and Android). The mobile version is very useful for the members to easily trade on the go.
2. Advanced GUI: The GUI of the Plus500 trading software has many advanced features like Close at Profit/Loss, Price alerts, and Guaranteed stop. The Close feature helps the users to automatically close the trade at the desired profit/loss level that is defined by the user.
3. Demo Account: Plus500 offers an interesting and innovative feature very named Demo account. You can create a demo account for free and do all kind of transactions like in a real account. The only difference is that the money is not real. This account is very useful for beginners so that they can play with demo account as much as they want before moving to real account.
4. Multi-Language support: Plus500 is available in more than 20 different languages like Dutch, Italian, Spanish, French and more.
5. Easy deposit/withdrawal: You can easily deposit/withdraw funds with Plus500 as it supports various modes of payment like Credit cards, PayPal, Skrill and Bank/wire transfer. There are no fees associated with the deposit/withdrawal if it is in the same currency.
6. No Commission: Plus500 does not charge any kind of commission for each trade. It uses the concept of fixed spreads that depends on the type of forex and is usually very less.
Cons:
1. Plus 500 is not available in the US.
2. Inactivity fee of $10 if you don't use the platform for three months.
Trade Shares, Indices, Forex and Commodities with our CFD Service
Control: Stop Limit / Stop Loss / Trailing Stop
Get up to $800 CPA for inviting a trader
24/7 support
Plus500CY Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14)
