What is Plus500?
Plus500 is one of many CFD trading accounts popular with Australian traders. Contracts for difference (CFD’s) are derivative products which allow you to trade on the price movement of currencies.
You should read reviews about Plus500 trading and other trading platforms, as choosing the right one can be the difference between success and failure.
The Plus500 Group was founded in 2008 and has grown considerably since then. It is now a global business serving many countries. Now, onto the bits you want to know about – what are the features that make this a popular CFD provider for Australian traders?
The Features of Plus500 You Need to Know About
- User-friendly layout for simple trading.
- No commission fees and tight spreads
- Almost 3000 CFD trading options.
- A comprehensive suite of tools for minimising risk, such as stop-loss orders.
- Wide range of CFD coins on crypto markets.
- Currency conversion fees of up to 0.7% apply on all trades.
- $10 USD monthly inactivity fee is applied if a trader is inactive for 3 months.
- Fees apply to Guaranteed stop-loss orders.
Who is Plus500 Best for?
Many people want to know which is the best trading platform for beginners. We don’t recommend any platform for those with zero experience, as the risks of trading CFDs are high.
However, Plus500 does offer some impressive educational and training materials, including an eBook, videos, and other resources packaged under the Plus500 Academy.
There are pros and cons for expert traders, too: 2800 CFD trades may look like a lot, yet other Forex trading platforms are offering a greater range. Experts will appreciate the impressive selection of trading tools that come as part of the package.
Why is Plus500 Best for Australian Traders?
Plus500 is licensed and regulated by the Australian Securities and Investments Commission (ASIC) and is considered a safe and secure trading platform. It has also been granted an Australian Financial Services (AFS) license. These are important factors when considering if the Plus500 trading platform is for you.
Disclaimers: Plus 500 is a CFD Service. Your capital is at risk. 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 Plus500’s Target Market Distribution. Please refer to the Disclosure documents available on the website
Should You Choose Plus500?
We hope we have inspired you to delve further into Plus500 and what it can offer.
Is it the one for you? The major attractions are no commission fees, tight spreads, a well-designed and easy-to-use interface, SSL security to protect against hackers, and regulation thanks to appropriate licenses. A less-than-comprehensive selection of CFD options may put some expert traders off, and there have been comments about limited customer service.
Plus500 is a global business with many years of experience in providing CFD trading services. It is highly recommended by satisfied users who find it the ideal platform for Australian traders.
Read more reviews and compare the different options, and we’ll finish by saying good luck in your investment endeavours.