Plus500's Webtrader Platform

Below we take a quick glance at the Plus500 Webtrader and analyse some of its strengths,

weaknesses and common misconceptions. We’re sure to address your questions below:

A Comprehensive Analysis of The Plus500 Webtrader Platform

A Quick Overview of Plus500

We’ve devoted a significant amount of time compiling a Plus500 review with a top line discussion of the plus500 webtrader platform.
To set the scene the Australian forex broker:

  1. Was founded in 2008
  2. Is Australian regulated
  3. Is listed on the London Stock Exchange
  4. Has their own platform with proprietary software
  5. Has low fees, fixed spreads and is easy to use

Visit Plus 500 WebsitePlatforms Offered by Plus500

Plus500 only offers a handful of trading tools, their webtrader and a downloadable version for windows. In recent years they have also added a trading platform for mobile including for iOS and Android. Essentially all the trading platforms do the same thing with the interface not changing too much from device to device. Without doubt Plus500’s trademark trading software is knows as Plus500 Webtrader. There isn’t a whole lot of information available on the Plus500 website regarding the Plus500 webtrader so we delve deeper into the platform below.

Plus500 webtrader platforms offered

What Is A Webtrader?

The Plus500 webtrader is pretty self explanatory. It is essentially a powerful trading platform that requires zero downloading of programs or software and is accessed entirely via a web browser. It is widely known as being easy to use and popular among new traders. Traders can trade financial instruments including but not limited to Forex, CFDs, options and equities. These instruments can be traded and accessed exclusively online, all that is required is an internet connection.

What Are The Benefits of Plus500 Webtrader?

In an extremely short period of time the Plus500 webtrader has attracted traders from all over the world due to its simple to use platform, sophisticated graphs and charting capabilities as well as the intuitive tracking of market movements. Webtrader also allows you to access everything you need to on the one screen.

Plus500 Web Trader Interface

While this might sound simplistic, during a live trading session when you are being bombarded with information across multiple screens, it is extremely handy being able to control your trades in one window. The financial indicator tool on the left side of the main screen also allows you to add different indicators and measure their impact on your analyses.

Is The Plus500 Webtrader Powerful Enough?

Is the Plus500 webtrader software powerful? Does it do as much as downloadable software such as MetaTrader 4 offered by other brokers? These are legitimate questions that flood Australian Forex broker forums. After all what is the point of spending hours learning how to use a new trading platform only to find out later that you’ve adopted an inferior tool? Many Forex review websites have spent hours trying to poke holes in the Plus500 webtrader platform and more often than not traders are pleasantly surprised. Not only does the tool include all the features of a downloadable version, it also allows you to access currency markets and other markets from anywhere in the world on your mobile phone or tablet device.

Plus500 webtrader compatibility

It is quite easy to get misled regarding Plus500 webtrader so be sure to read only trustworthy reviews regarding the platform.

Is The Plus500 Webtrader Suited For Beginners Only?

In a word, no. While it is true the platform is popular amongst beginners due to its easy to navigate interface, its still commonly used among seasoned traders who often find themselves on the go. In today’s mobile age many experienced traders trade while on the go, sometimes even on the way to or from a day job. As Plus500 webtrader is compatible with all mobile and tablet devices it is often preferred by experts as they don’t have to download or rely on the sluggish software offered by other brokers.  The graphs and charts offered within Plus500’s most popular interface are also state of the art and rival any of the more mainstream downloadable packages. It’s one of the leading Australian forex platforms which doesn’t require downloads.

What Kind of Leverage Can I Expect With This Platform?

Perhaps one of the main reasons for the confusion surrounding Plus500’s platforms and whether they are for beginners only, is due to the low leverage on offer by the company. Key Plus500 Australian Forex broker competitors including Pepperstone and ThinkForex offer higher leverage ratios of 500:1. Plus500 on the other hand offer 200:1 as they try to limit the exposure of their clients to the market and fluctuations.

However, offering less leverage is not a sign of inferiority. On the contrary, it is an effective risk reduction technique which benefits traders long term. Traders might make less money on individual trades but due to the risk profile of their trading accounts being a lot lower they’re “in it to win it” for longer. In other words, traders have a much higher chance of retaining their capital and hence can keep trading for longer. A trade gone wrong at 500:1 leverage can wipe out your capital at more than double the speed of those trading at 200:1. This therefore isn’t necessarily a disadvantage of the forex broker.

What Are The Spreads Like On Webtrader?

Plus500 boast fixed spreads on their webtrader platform. Spreads are fixed at 2 pips and traders can have confidence in always knowing the total costs associated with their orders or trades.

Does Plus500 Offer Bonuses on The Webtrader Platform?

Plus500 Australian Forex Broker Bonus Offer

Plus500 offer a tiered bonus system with webtrader. In fact the award amount is totally dictated by the size of a trader’s initial deposit. For a limited time only, with a deposit of AU$60,000, traders can receive up to AU$10,000 in bonus capital to be used exclusively on currency trading. This bonus when leveraged at 200:1 allows traders to control a significant amount of Forex at no extra, up front cost to them. While they get free exposure at any potential upside, the risk of loss is also extremely high so it is advised to trade with care.

Visit Plus 500 WebsiteSummary Of Plus500’s Webtrader Platform

In conclusion, conduct your own extensive research and don’t let us or any other review website for that matter convince you about Plus500. You can be certain your using an adequately regulated Forex and CFDs broker with Plus500 and a platform in webtrader that does everything. Is Plus500 the best Australian forex broker around? We’ll leave that up to you to decide. Test Plus500 webtrader out using their free demo first before visiting review sites so you can validate any information regarding the platform you come across.

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