Plus500: CFD Trading Brokers

Plus500 is UK’s number 1 CFD trading brokers, with enviable track records in trading shares, cryptocurrencies, gold, and oil. The Plus500 trading platform is a product of the Plus500UK Ltd, a subsidiary of Plus500 Ltd, a company domiciled in the UK, with several offices located in London. Its activities, Plus500UK Ltd authorized & regulated by the FCA (#509909) to offer to the public Contracts For Difference (CFD). Plus500 Ltd has its headquarters in Haifa and is listed on the London Stock Exchange’s Main Market where companies are listed.

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Trust Score

The first attribute that potential forex traders look for in a trading platform is trust. People will be unwilling to trade with a trader with a huge question mark over its trust and credibility. This is as a result of the increasing rate of forex fraud witnessed by the industry in recent years.

To its credit, Plus500.co.uk has a pass mark in the area of trust. The company has been listed and authorized by over a dozen countries, proof of its credibility and trust level.

Some of the countries where the best trading broker in the UK can operate as an authorized entity are The United Kingdom, Cyprus, Australia and Singapore.

As a rule, Plus500.co.uk doesn’t keep clients’ funds with their funds. This is to ensure that clients’ money is safeguarded even if the company faces financial difficulties. Thus, no matter the situation, clients can always have access to their funds, a reassuring attribute that prevents clients from running a risk with their funds. The company is not exposed to any corporate or sovereign debt. Furthermore, its clients’ money is not passed through hedging counter-parties.

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Commissions and Fees

Unlike their counterparts that collect charge a little fee and commission on trading transactions conducted on the platform, this CFD broker in UK does not charge their users any fees nor take any form of commission whatsoever on trade transactions they perform. There are no hidden charges; they are only compensated through the ‘market spread’. This makes them the best trading platform to leverage for profits.

However, you may incur an “Overnight Funding” if you hold your position over a certain period of time. Besides, this forex broker may charge you up to $10 fee for not using your account for up to three months in a roll, in order to offset the cost of providing the service to you; this is termed “Inactivity Fee.”

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Customer service

Plus500.co.uk makes thing relatively easy for their teeming customers by offering great customer services to assist them in taking care of their concerns. The available way you can have access to the customer support service includes through email support and online chat. There is also a FAQ section where you can have satisfying answers to your questions, covering areas such as Account verification process, Deposits, Fees & Charges, Account opening, Trading, Regulators, etc.

Platforms and Tools

Plus500 provides two account options, including a demo account, which does not have time limit and is free to open, and a live account that needs you to deposit a minimum of 100 BPD. The forex account’s leverage is a maximum of 1:30 due to ESMA regulations.

The Plus500 trading platform comes in four different versions including a downloadable version (which you can copy to your desktop or laptop), App version for iOS, Android and Windows smartphones, web-based version, which you can access on any computer, and then the Apple Watch platform.

One of the reasons why Plus500 is adjudged the Best CFD trading broker in UK is because they have a comprehensive and user-friendly proprietary platform and give their clients access to technical analysis software. In addition, users are able to trade in multiple markets from the same screen and have access to real time quotes for all the products on the platform.

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Several options are available for traders. These include commodities, CFDs on Forex, ETFs, stocks, cryptocurrencies, indexes, and so on. Plus500 is for experienced traders, trades on the platform are clearly labeled tabs on top of the trading screen which provide the details on previous and present positions. Though the charting software prevents multiple graphs on the same screen, one can still see the charts appearing individually on the screen.

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Mobile Trading

Plus500 has a mobile app which is available on Android and iOS. It is packed with several features to enable users to easily carry out their trade without any stress. Using the candlestick on mobile is a bit tricky. You simply need to rotate your phone while the “auto rotate” mode is activated in order to change to the candlestick mode.

Plus500 is not just one of the CFD brokers out there but one that enjoys a positive rating as one of the best rated CFD trading apps on Google Play and Apple’s App Store, because of its user-friendliness even though it comes with a lot of advanced facets.

One downside of Plus500 is that they let you deposit fund without difficulty but it takes a few days to fully process your withdrawal request. This is attributable to the fact that they are duly regulated by the FCA.

Final thoughts

Though Plus500 is arguably one of the best CFD trading brokers in UK, it is yet to conquer several territories outside the UK. It currently allows you to trade shares from renowned markets such as Germany, USA, UK, and over 50 countries globally, its physical presence is only felt in the UK, Cyprus, Australia and Singapore.

Plus500 offers users access to trade on multiple assets, providing you opportunity to make trades without comission. However you can be charged premium, inactivity and overnight fees with Plus500. For more information please visit the following page: https://www.plus500.com/FAQ/Trading/DoYouChargeAnyFees. However, like any other trading platform, the risk of losing substantial part of money is high since the cryptocurrency and forex ecosystems are quite volatile.

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With their focus and vision for growth, Plus500 is likely to make inroads into other regions where their presence is not currently felt, and conquer the CFD market in no distant time. They can also dominate the market by constantly upgrading their system and adding more tools to give their users multiple options as regards the available software, tradable assets as well as making their fund withdrawal faster.

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Risk Warning - Your capital is at risk.
Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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