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If you are new in trading and need a great, reliable guide in your trading journey, try on Plus500 as your new CFD trading partner! Here are some of the reasons why choosing Plus500 can bring you into a huge advantage.
But before digging its details, it is essential for new traders to know the history and background of the brokerage firm you are about to partner with.
You must remember that 76.4% 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.
So, who is Plus500?
Plus500 UK Ltd is an online brokerage servicing based in Israel which specializes CFD services and its related activities. Plus500 UK Ltd is duly authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission.
It is important for every trader to ensure that the brokerage servicing he is dealing with is registered to initiate assurance that his rights as a trader is well-protected by an authorized governing body. At the same time, FCA helps traders like you avoid the possibility of becoming a scam victim later on.
As to this point, I know questions are popping out in your mind such as “how does my money work?” or “Is it safe to put my money in?” or “Is it user friendly?” or, maybe, as simple as “How can I earn from it?” Well, trading in the financial market is, of course, somewhat risky. However, the amount of capital you trade should be highly proportional to your tolerance level as to risk is concerned. This is important to help you, as a trader, become grounded on your trading path. This is where Plus500 come into scene.
How does Plus500 works?
Plus500 is a form of CFDs (Contract For Difference) service wherein cash outlay can be minimized making it more affordable for you to purchase the stocks of your choice. Moreover, its mechanism and trading software serves as guide to allow traders like you in deciding which trading operations to choose and how to use them wisely.
What about Plus500’s trading platform?
Another feature why traders prefer to use CFDs nowadays with Plus500, is due to their ease of use. Plus500 offers a proprietary trading platform and technical analysis software which is patterned and/or designed to satisfy the trader’s comfort. The technicalities of the said platform enable the traders to see everything they need to see and know without doing extra unnecessary clicks. This platform allows the trader to trade in the market right on the same screen. At the same time, traders must also see to it that the broker and its platform can provide them real time quotes for all of its products. This is highly essential in trading because the financial market is one of those markets with a fast-pace environment and that money (cash) is a hard-earned operation, in which, Plus500 truly understands.
Aside from those mentioned above, one significant advantage which Plus500 can provide you is the access to their partners may it be on trade commodities, stocks, indexes, ETFs with CFDs right in a single platform. The Plus500 trading platform is designed in an all-inclusive trading screen where tabs are all clearly labeled to keep track of your past trades and of your current position.
The said platform can be used in four different versions namely: the downloadable version for laptop or desktop copying; the web version which is highly accessible using the worldwide web; the App version solely made for iOS, Windows and Android smartphones; and, the Apple watch platform.
Leverage is also another reason why choosing Plus500 can bring you huge advantage in trading. This helps you to trade in more stocks and other trade commodities in different business entities without physically owning the underlying instruments. This enables you to take control over more shares than that of a personal trading. Leverage, is a technique to multiply gains, but it can also multiply losses.
How does Plus500 different from other brokers in the market
Plus500 offers their clients various features and services that are beneficial to their client’s part. Through Plus500, clients are able to participate in tight trading and explore many possibilities and opportunities as to where to trade their money. Its platform allows you to zoom in and zoom out the chart depending on your own preferences and be able to access a wide range of indicators. However, Plus500’s ability to retain former data is one complaint which the broker accepts. As said by many traders, Plus500’s ability to retain old information is limited that tracking of records will be your challenge. It is those traders which do trading price section. Also, Plus500 is designed with a fix platform which makes it uneasy for you to enlarge the chart as you observe. Chart could not be customized based on client’s preference. Therefore, one needs to stick on its basic features.
Although Plus500 receives negative feedbacks like this, their commitment for better service can always be seen and felt by their customers as their customer service are quick to respond to their needs, queries and complaints. Based on Facebook comments of those people who encountered problems with the said entity, they are all entertained well by the customer service.
Funding the account in Plus500
Just like any other brokerage servicing firms, Plus500 can be funded using either Visa or Master card credit card. This is the easiest and fastest way to fund your account. However, other methods such as Moneybookers and wire transfer can also be used as a funding medium for Plus500.
All you need to do is to click “Funds Management”, then, choose what funding options you prefer to use and just follow every instruction accordingly. But, if ever you need assistance in your account, feel free to contact Plus500’s Customer Service and they will be very much willing to attain your needs and queries.
Other requirements you need during withdrawal of funds
Since it is duly regulated there are some requirements which a trader needs to comply before fulfilling a withdrawal. These requirements are photo ID such as passport, driver’s license or other official documents. On the other hand, the trader must, at the same time, verify his registered address before the said withdrawal is done.
Again, Plus500 is a brokerage CFD servicing based in Israel. So, before you proceed, it is important for you to know that Plus500 does not accept U.S.-based clients.
Making Plus500.com your own choice as a trading partner can be your utmost advantage following that Plus500 was able to create a reputable name throughout their business years.