Did you know you can choose from more than 2,000 Plus 500 CFDs? This allows you to remain focused and fully engaged when you trading. This piece analyses Plus 500 CFDs and compares their services to Easy Forex, IG and CMC Markets.
Graphical User Interface
Founded in 2008, Plus 500 has given its clients a wide selection of Forex, stocks, indices, commodities, ETFs and CFDs. Plus 500 was founded in Israel as a Forex and CFDs broker, but is headquartered in the United Kingdom. The Plus500UK Ltd has Financial Conduct Authority (FCA) registration number 509909. With more than 2,000 Plus 500 CFDs – including exotic Forex pairs and Bitcoin – you can engage in multiple trading strategies to hedge, manage risk and fine-tune your trading portfolio. For trades involving corporate shares, dividends are also added. The Plus 500 slogan is the “World’s Trading Machine.” Everything is quite precise, compact and well-organised. The Plus 500 interface uses an uncluttered, white-and-blue graphical user interface making it seamless and easy to navigate even for beginners.
Spreads & Commissions
There is no commission on the Plus 500 CFD. The spreads start a little bit higher than the competition at 2 pips – the “market spread” is how the broker makes its money. There are also fees for overnight positions, inactivity, guaranteed stop loss orders and rollover adjustment. If you don’t trade for a period of three months, then a fee of $10 might be charged. There are a good range of risk management tools when you trade Plus 500 CFDs, including Stop Loss, Limit, Guaranteed Stop, Trailing Stop and Price Alerts.
Minimum Deposit & Trades
At Plus 500, the minimum deposit oscillates between £100 and £300 with a maximum deposit amount of £100,000. Your funds are maintained in segregated accounts. Deposits can be made using the most popular options, including debit, credit, wire transfer, PayPal and Skrill. Withdrawal of your profits from your winning Plus 500 CFDs will likely take 3 to 7 business days. The leverage for the Plus 500 CFD is up to 1:294 and there are different bonuses offered for new accounts. Customers collect bonuses called “Trader Points” at Plus 500 CFD. The most regular bonuses include the “Initial Deposit,” “Phone Verification” and “Documents Approval.”
The Plus 500 CFD uses its own proprietary trading platform, which allows you to escape the same “cookie-cutter” approaches. Your all-in-one trading screen, shows history, current positions and charts. Choose from downloadable or online versions. You can also use one of the Plus 500 mobile apps for iPhone, Apple Watch, Windows and Android. The basic money deposit and withdrawal options are available, including debit cards, credit cards, wire transfer and MoneyBookers. Deposit might take up to a week to clear. Customer support is 24/7 in email, fax and Live Chat in 32 languages. Plus 500 won the 2015 “FX Empire Most Innovative Broker” Award.
Top CFD Competitors
Since 1989, CMC Markets has been in business offering Forex, stocks, indices, commodities, treasuries and CFDs. CMC is regulated by the UK Financial Conduct Authority (FCA) number 173730. The commissions range from about 0.1 to 0.18% on equities. You have a nice range of margins from 0.25% to 20%. There is no minimum deposit, minimum or maximum trade on this proprietary trading platform. The CMC Markets CFD customer service is available in 8 languages 24/7. CMC CFD has won plenty of industry praise, including the 2015 “Financial Services Provider of the Year Award.”
Founded in 2003, Easy Forex offers a simple graphical user interface that is ideal for the beginner. Based out of India, the broker is registered under the Cyprus Securities & Exchange Commission (CySEC) license number 079/07. Easy Forex offers the proprietary EasyMarkets Trading Platform. You can also use the popular MetaTrader 4 option. Mobile trading is enabled for BlackBerry, iPhone or Android devices. Clients can choose from Forex, indices, commodities and CFDS. The spreads are fixed. Client accounts are segregated. More than 300 markets are available on Easy Forex. The Social Media function is quite well-integrated, rewarding you for sharing your positive experience with others. Customer service is in a dozen languages. Promotions are plentiful. Easy Forex won the 2012 UK “Best Forex Education” Award.
Founded in 1974, IG has been offering a tremendous amount of assets for the beginner, average and professional trader. Clients can choose from more than 10,000 markets in Forex, shares, indices, binaries, commodities and CFDs (including exotic currencies and Bitcoin.) IG Markets is licensed and registered in Australia. Customers can choose from a healthy selection of trading platforms, including the proprietary IG CFD trading system along with MetaTrader 4 and Level 2 Trader. You can use iPhone, Windows or Android mobile devices to complete your trades 24/7/365. IG charges commissions plus spreads ranging from about 0.25 to 1.50 – varying by asset class. The built-in Reuters news stream is particularly attractive. The charting tools include ProRealTime. The active risk management tools are quite ample, including Stop Loss, Eliminate, Pegged, Fill, Kill, Good for Auction and Iceberg. IG Experts can help you with advanced trading techniques. IG Markets has won numerous awards including the 2015 Investment Trends “#1 for Overall Satisfaction for CFDs & FX” Award.
Diverse Range of CFDs Available
Due to the plethora of Plus 500 CFD types, clients can develop more complicated trading and hedging strategies. While the competition offers a few CFDs, they struggle to compete with the rich, diversity of Plus 500. If you enjoy exotic CFDs, then Plus 500 might be the right binary options broker for you.
The display is streamlined, simple and straightforward, which allows you to concentrate on maximising the profits on your Plus 500 CFDs. Innovative, cutting-edge risk management tools help you design your trades to your exact specifications. Plus 500 offers a crystal-clear way to profit from CFDs.