Plus500 is a multinational firm providing online trading services for various instruments, such as forex, stocks, commodities, cryptocurrencies, and more. It was founded in 2008 and is headquartered in London, UK. The company operates through its proprietary trading platform, accessible through the web, mobile devices, and desktop computers. Being a publically traded company listed on London Stock Exchange (LSE), it strongly focuses on providing a user-friendly trading experience. The company employs competitive spreads, and flexible trading conditions, making it a popular choice for both newbies and professional traders.
Plus500 is a multi-regulated financial services company operating under the supervision of several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and a few more. These regulatory bodies ensure that Plus500 operates transparently and fairly, protecting its clients’ interests. Regarding business reputation, the company holds positive feedback from its clients for its user-friendly platform, competitive pricing, and extensive range of trading instruments, as evident from its rating of 4.1 out of 5 stars on Trustpilot.
Plus500 offers several account types to suit the needs of individual traders. Here we list the available accounts;
In addition to the above account types, Plus500 also offers Islamic Accounts, which are designed to comply with Shariah law and are free from interest and overnight swap charges.
Plus500 offers a wide range of trading opportunities in forex, stocks, indices, commodities, options, cryptocurrencies and ETFs. The platform allows traders to trade in more than 50 currency pairs, including major, minor, and exotic currencies. In addition to forex, clients can trade shares of major companies listed on various stock exchanges worldwide. The platform provides access to popular indices such as the S&P 500, NASDAQ, and FTSE 100. A range of commodities, including precious metals like gold, silver, oil, and natural gas, are also accessible under the commodities head. Plus500 also facilitate trading options, cryptocurrencies and ETFs. Note that product portfolio may change and vary based on your region.
Plus500 operates on a spread-based pricing model, meaning that the company makes money by charging a spread on the trades its clients execute. The company’s pricing structure aligns with average industry standards, with spreads starting on major forex pairs like EURUSD at 0.8 pips. The company does not charge any commissions on trades executed on its platform. However, you incur swap charges for holding positions overnight.
Plus500 offers a variety of trading platforms to cater to its clients’ different needs and preferences. Available trading platforms include;
Plus500 provides its clients with a comprehensive set of trading tools and features to enhance their trading experience. These include real-time market data, advanced charting tools, guaranteed stop-loss orders, negative balance protection, risk management tools, an economic calendar, and trading alerts. The tools help traders make informed trading decisions, manage risk effectively, and execute trades confidently.
Plus500 offers several convenient options for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Skrill, and Neteller. The minimum deposit amount is $100, with no fees for deposits made with credit/debit cards or bank transfers. Payments typically take up to 1-3 business days for credit/debit cards and several business days for bank transfers, while funds transferred via e-wallet may take up to 24 hours. The availability of deposit and withdrawal methods may vary based on the trader’s region. However, Plus500 provides a fast, low-cost, and secure way for traders to manage their funds.
Below we present the advantages and disadvantages of becoming a Plus500 customer.
Pros
Cons
Plus500 is a reliable and well-regarded online trading platform offering a range of financial instruments, advanced trading tools and features, fast execution speeds, and secure deposit and withdrawal options. Regulated by several financial authorities, such as the FCA and ASIC, the company ensures transparent and safe operations.
With its user-friendly interface and competitive pricing, Plus500 is a viable option for newbies and veterans. However, you must be aware that all forms of trading carry a risk of loss, and a broker’s performance in the past is not a guarantee for a rewarding future. Hence, we leave it up to you to decide whether or not the broker appeals to you.
If you’re looking for a reliable and user-friendly trading platform, Market.com may be just what you need. With its intuitive interface, a broad range of financial instruments, and top-notch educational resources, this online broker is a popular choice for both novice and experienced traders. Today, we review the broker in detail.
Markets.com is a reputable online trading platform that enables users to trade in various financial markets, including forex, stocks, commodities, indices, and cryptocurrencies. With headquarter in Cyprus and regional offices in the UK, Australia, South Africa, and Belize, Markets.com is a global leader in online trading. Founded in 2008, the multi-regulated broker has become a trusted name among traders worldwide. The platform provides clients competitive spreads and flexible trading conditions to cater to different trading needs. In addition to the company’s proprietary trading terminal, clients can access third-party trading platforms, including MetaTrader 4 and 5. The company provides comprehensive customer support through phone, email, and live chat.
Markets.com is regulated by multiple regulatory bodies, including but not limited to the FCA in the UK, CySEC in Cyprus, and ASIC in Australia, ensuring it operates transparently and securely. These regulatory bodies require Markets.com to follow strict guidelines, such as keeping client funds in segregated accounts, regular audits, and implementing measures to prevent money laundering and terrorism financing.
Based on 866 reviews, Markets.com holds a 4.8 out of 5 stars on Trustpilot, which is considered an excellent rating. While 80% of customers provided positive feedback, a small percentage of clients also reported issues with the broker, such as withdrawal problems, poor trade execution, etc.
Markets.com offers only one account for retail traders called the standard account. However, those meeting the ESMA rules criteria can also open a professional account with the company. Similarly, clients who don’t wish to deal with interest-based transactions can signup for shariah-compliant Islamic accounts. Virtually funded demo accounts also make part of the offering, where you can learn and practice different trading strategies without risking your actual funds.
Markets.com offers a wide range of tradable assets across eight asset classes. Clients can trade 2000+ financial instruments, including 1800+ stocks, 60+ currency pairs, 60+ ETFs, 30+ indices, 25+ commodities, 20+ cryptocurrencies, 5+ blends, and a handful of bonds. The range of product offerings may vary depending on your jurisdiction. Since the company doesn’t deal in real shares and cryptocurrencies, all tradable assets are available as CFDs. The product range may also vary depending on your jurisdiction. For instance, crypto CFDs are unavailable in the United Kingdom amid FCA restrictions.
Markets.com offers flexible trading platforms, including in-house and third-party trading terminals;
Markets.com provides its clients with various trading tools to help them analyze the markets and make informed trading decisions. These tools include an economic calendar, trading signals, Trading Central’s research reports, market news, and risk management tools such as Stop Loss and Take Profit orders. The economic calendar helps traders stay informed about important economic events, while the trading signals and research reports help identify potential trading opportunities. The market news tool provides insights and analysis on market developments, while the risk management tools allow traders to manage their exposure and limit their losses.
The company employs a variable spread charging policy with spreads starting at 0.6 pips on major forex pairs like EUR/USD. The broker doesn’t charge commissions, but clients may need to pay overnight charges for positions held overnight unless registered under swap-free accounts. A $10 account inactivity fee is also applicable for keeping your account dormant for over 90 consecutive days.
The company supports multiple payment methods, including but not limited to Debit cards, Credit cards, Wire transfers, E-wallets, etc. The minimum deposit to open an account with the broker is $100, while the minimum withdrawal is $5. There is no deposit or withdrawal fee in place. The company process all payments on the same day, with bank transfers taking between 3-7 working days.
Like other brokerage firms, Markets.com has some pros and cons that we list below.
Besides being multi-regulated, the broker provides a user-friendly platform for trading numerous financial instruments across various asset classes. The broker offers variable spreads and charges no commission on trades. Moreover, the absence of fees on deposits and withdrawals makes the broker a low-cost brokerage firm. In short, Markets.com is a competitive choice for online trading services.
With its reputation for high-quality service and attention to detail, Markets.com is a reliable partner for traders who value a diverse range of trading instruments and a seamless trading experience. Still, we do not make any recommendations. Instead, we suggest you research the broker and compare it with other brokerages in the industry to make your decisions. You can also explore our website since we have reviewed dozens of the most reputable brokers in the industry.
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