Plus500 Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Nov 17, 2022
Find out everything about Plus500 Trading Account here.
Plus500 – a trademark of Israel-based Company Plus500 Ltd. – is globally renowned for its online trading services.
With a wide variety of CFD instruments and some handy tools, Plus500 online trading account brings you the best trading experience on your desk.
The trading platform is licensed by top-tier regulators, making it a reliable broker to start trading with.
At Plus500, you can trade CFDs and lots of other instruments with utmost satisfaction. But does the trading account by Plus500 meet your trading intent?
What can you expect from the trading account by Plus500?
In this review, we have rounded up some of the best explanations on the Plus500 trading account so that you can reach the best decision.
Plus500 Trading Account and Benefits
Unlike other trading platforms, you trade assets at the Plus500 trading platform via CFDs. The broker provides crypto-currency in its broad range of assets.
But it’s worth noticing that crypto trading at Plus500 trading account is available via CFDs only.
Another best thing is, you can use Plus500 in almost every country.
The broker operates its trading services globally through its subsidiaries that are up and running in several countries.
If we talk about features, the trading account by Plus500 is equipped with almost everything you need via trading.
You can find yourself blessed with some of the best trading solutions once you sign-up for a Personal Trading account at Plus500 broker.
From seamless functions to some great tools, the broker gives you a complete suite of trading solutions on its trading account.
Let’s cover more about the Plus500 trading account in this discussion.
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Plus500 Trading Account Charges
|Trading Account Charges|
|Account Type||Standard Account||Professional Account|
|Commission||No commissions||No commissions|
Overall, trading account charges at the Plus500 online trading platform are neither above nor lower than industry average charges.
Even though the broker charges nothing for opening an account, trading charges are applied.
But the broker may ask you to submit an initial deposit amount – $100, which is reasonable.
You can trade almost every asset using the Plus500 trading account free of cost until some added charges kick in.
These may even include penalties as well if your trading activities don’t meet terms and conditions.
To simply put, the broker may charge an inactivity fee or overnight fee.
Moreover, charges also depend upon your trading interest, e.g., if you are a day trader, swing trader, or long-term trader, charges vary.
You can get more details on charges from the broker’s official website.
In addition to these fees, we don’t find any hidden costs, which is good.
Types of Plus500 Trading Account
|Types of Trading Account|
|Trading Desk Type||No dealing desk|
|Suitable for beginners||No|
|Suitable for professionals||Yes|
|Suitable for scalping||No|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
In the mainstream, Plus500 online trading platform offers you two Trading Accounts.
These include standard accounts and professional accounts.
As the name itself depicts, a standard account delivers an ideal trading environment to the newbie.
Similarly, the professional trading account caters to the advanced need of expert traders.
If you are a newbie and don’t possess any special experience in trading, a standard account is for you.
Going with a professional account implies your consent with the charges of a Professional Account that can be high in contrast to the standard account.
Leverage also starts from 1:30 and is offered up to 1:300. The broker doesn’t offer you variable spreads, so make sure you are fully confirmed about the price at which you are willing to buy an asset.
Another most valuable point to note down in your checklist is that Plus500 is a No Dealing Desk (NDD) trading platform.
It states that the broker allows you to trade at interbank rates and has no conflict of interest involved with its trades.
Plus500 Account Opening and Trading Process
It’s no surprise that the Plus500 trading account can quickly help you achieve some positive results. Yet, it’s necessary to mention that the broker or its trading account isn’t a miracle.
It is entirely up to your strategy and how well you use them in line with the trading features offered at the Plus500 online trading platform.
Once you are aware of this nitty-gritty of trading, you can then proceed with the account opening process.
Here are some basic steps that you must follow cautiously to access a trading account at Plus500 in no time.
- At the first step, you need to submit log-in details, e.g., G-mail Id and Password, to create an account.
- Verify your log-in details by signing in to your G-mail account through the verification link sent by the broker in your inbox.
- Submit documents, including ID cards, Address and Bank Details
- Make sure you check every detail and doc cautiously and understand the broker’s policy.
- Once documents are submitted, the broker takes you through other checkpoints to configure your trading account.
- Once the verification process is over, you get a green signal with an indication that you can now use the trading account at Plus500.
- Submit the initial deposit amount or fund your account as much as you want and start trading.
- Meanwhile, make sure you don’t forget to make a wise selection between standard and professional accounts.
The broker also offers you a demo account for free, so you can practice the basics of trading.
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Plus500 Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
After knowing about Plus500 online trading platform charges, account type, and account opening process, it’s time to cover more details on features you get inside Plus500 trading account.
Sadly, Plus500 trading account isn’t loaded with tons of great tools.
Unlike other trading platforms, features and options are limited at Plus500.
Yet, the broker appears to pay more attention to the basic features only that we discuss below.
So without further ado, let’s plunge into this most valuable part of the discussion.
With Email alert support, the broker shares updates on various ongoing activities in the market.
Did the market make a high or low? Plus500 brokers share every trading detail with its users via email alerts?
In case you forget to review what’s happening inside the market, don’t worry; the broker helps you out.
Whenever any important notification arrives, the broker shares an instant report with you on your registered email address.
Plus500 provides you with profit and stop-loss features which put the risk ratio to the lowest.
Simply look into the market, understand the chart. Is this a bearish or bullish phase?
Know which way the market is likely to move; once you are done with research work, place your buy order and put stop loss to avoid uncertain losses.
Set the target using the Take Profit feature, so your portfolio gets you the desired income when you are off.
Available for Mobile Devices
You can trade on the Plus500 trading account through your smartphone.
Download the Plus500 mobile trading app, available for both Android and iPhone, and get the best thrill of trading at your convenience.
24×7 Customer Support
Unlike other trading platforms where customer support isn’t available on weekends, Plus500 assures you full-time support.
Even if the market is closed, customer representatives are ready to assist you.
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Plus500 Trading Account – Conclusion
Even though the Plus500 trading account is backed with an assurance that your investment is safe at the broker.
Still, it’s worth noting that you don’t get any great list of features here, which drops the image of the broker.
Nevertheless, the broker seems to serve all those features that mean a lot to the trader. Such as you get a take profit and stop-loss feature inside the trading account.
With the support of email alerts, the broker adds further assistance to the traders. 24×7 hours customer support service is definitely a great offering by the broker. If we wrap up tradable assets, the broker is loaded with multiple options.
You can invest in various markets, even in crypto-currency, using a Plus500 trading account.
Plus500 Online Trading – FAQs
Here is the list of the FAQs related to Plus500 online trading account:
Does Plus500 Provide Online Trading?
Yes, Plus500 does provide online trading.
The platform carries out its trading operations and every trading activity online. Meanwhile, you don’t need to go outside and physically qualify for the trading criteria.
All you need is a decent working device and a reliable internet connection. You can even trade using your mobile.
What Are The Commission Charges In Plus500?
The commission charges in the Plus500 trading platform vary a lot.
The broker charges penalties if you don’t adhere to the rules of trading.
At the same time, trading charges and taxes are also involved that are worth noticing before commencing your trading journey with the broker.
Does Plus500 Provide Demo Account Trading?
Yes, Plus500 provides you with a demo account for free.
In a virtual environment, you get better at your trading strategies since you will be learning practically. Don’t worry; even though you lose, you don’t make any real loss in reality.
Once the given amount in the demo account is finished, hit on the refill button to get yourself back into learning mode.
Is Trading Free At Plus500?
Opening a trading account at Plus500 is free of commission except for the initial deposit amount, which stands at $100 for both standard and professional account users.
Apart from that, trading is subjected to commission and charges. But there’s no need to panic about that because it doesn’t impact your profits that much.
Does Plus500 Provide Spot Metals Trading?
Yes, using Plus500, you can trade a maximum of the precious metals with ease.
The broker offers a wide range of tradable assets to select from and spot metals are also one of them.
What Is Spot Metals Trading Charges At Plus500?
Charges for various tradable instruments at the Plus500 trading platform vary.
Therefore, it isn’t easy to define the exact figure that brokers charge on trading spot metals.
Does Plus500 Provide Stock Trading?
Yes, Plus500 provides stock trading that is offered via CFDs.
Since CFDs trading is deemed the riskiest trading, it’s worth first grab more knowledge on Contract For Difference before you dip your toes in the trading world.
What Is Spread At Plus500?
Plus500 offers fixed spreads which put you at some restriction. Apart from that, features and other helpful things assist you a lot in the trading account.
Is Plus500 Safe For Trading?
Plus500 is regulated by ASIC, CySEC, FCA, FSB, ISA, and MAS, making it a well-regulated trading platform providing a fully reliable trading environment to the traders.
Does Plus500 Provide Trading Tips?
Unfortunately, Plus500 doesn’t provide any trading tips except demo accounts and email alerts that give you numerous ideas on trading with Plus500 assets.
Apart from that, no educational service is available.
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