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Plus500 Review | 9 Key Ratings for 2020 – AskTraders.com

This review aims to help potential traders learn about the broker, as it is a leading provider of CFDs for options, indices, ETFs, cryptocurrencies, forex, and shares. Companyis based in the UK and has its main offices in London. Plus500UK Ltd is a Plus500 Ltd subsidiary, with that company found on the London Stock Exchange…

This review aims to help potential traders learn about the broker, as it is a leading provider of CFDs for options, indices, ETFs, cryptocurrencies, forex, and shares. Companyis based in the UK and has its main offices in London. Plus500UK Ltd is a Plus500 Ltd subsidiary, with that company found on the London Stock Exchange and headquartered in Haifa.

The company was founded in 2008, offering an online trading platform that was PC-based and is growing quickly, currently offering clients a portfolio with access to more than 2,000 investments.

Strengths

  • Regulated and authorised by the FCA
  • The parent company is publicly listed on the London Stock Exchange’s Main Market
  • The platform is easy to use

Weaknesses

  • It offers limited research, analysis, and educational tools

What can you trade?

£100
Min Deposit

Mid
App Support

1:30
Max Leverage

Any Plus500 forex review should indicate the breadth of instruments that the broker offers in this category. Offers a basic introduction to trading forex for clients to explore if they are new to this market.

There are more than 50 forex pairs available, offering leverage of up to 1:30 for retail clients. To help clients minimize risk, there are advanced trading tools, such as Guaranteed Stop, Stop Limit, and Stop Loss. This forex review also clarifies that there are no commissions for forex trades, as the broker primarily makes it profit on these assets via spreads.

£100
Min Deposit

Mid
App Support

1:30
Max Leverage

Any Plus500 CFD review will likely indicate that most instruments offered from the broker are only offered as CFDs. This includes cryptocurrency, indices, stocks, ETFs, options, and commodities.

Trading indices in the form of CFDs allows clients to enjoy leverage of up to 1:20 on the 31 available indices. There are also 22 commodities available, also with leverage as high as 1:20. The flexibility of CFDs is also important to note, as they offer the ability to put or call options with leverage of 1:5. Users can choose from popular options, such as Germany 30, Facebook, and Oil.

£100
Min Deposit

Good
App Support

1:30
Max Leverage

The stocks available from this broker also are important to note in a CFD review. Plus500 does not allow traders to directly trade stocks but instead offers Contracts for Difference on them. This allows for the use of leverage.

Trading share CFDs with Plus500 gives clients a way to trade without stamp duty, allowing for savings of 0.5 per cent over traditional share purchases in the UK. There is also the ability to open a sell or buy position to make a potential profit in any type of market. Shares can have leverage of up to 1:5. Stocks are available from 22 different countries, including the United Kingdom and the United States. Additionally, you can review UK cannabis share offerings.

£100
Min Deposit

92
App Support

1:5
Max Leverage

No Plus500 UK review is complete without also mentioning CFDs of Exchange Traded Funds.

By trading these ETFs in the form of CFDs, broker can offer leverage of up to 1:5. There are more than 90 ETF CFDs for traders to choose from.

£100
Min Deposit

Few
App Support

1:2
Max Leverage

This broker also offers access to digital currencies, so clients should be sure to read Plus500 cryptocurrency reviews. As is common from brokers, cryptocurrencies are only available from Plus500 in the form of CFDs. This way, there is no need to get a digital wallet.

As you examine cryptocurrency review, you will notice that the broker offers access to more digital currencies than most competitors. Clients can trade Bitcoin, Ethereum/Bitcoin, Ethereum, Litecoin, NEO, IOTA, EOS, Stellar, Monero, Bitcoin Cash ABC, Tron, Monero, or the Crypto 10 Index. Leverage when trading these cryptocurrencies can be as high as 1:2, and the market is available 24/7.

What did our traders think after reviewing the key criteria?

Most Plus500 reviews agree that the broker remains competitive in terms of fees. It prides itself on being transparent about fees, without any surprises that will cut into the profits of traders. Most of the broker’s profits come from its spreads, which its own internal monitoring determined are among the industry’s tightest.

Also, you will notice that there are absolutely no fees for deposits, opening or closing trades, rolling positions, live sharing of CFD prices, real-time forex quotes, or dynamic charts and graphs. You will not have to pay any fees for withdrawals, the only exceptions are if your payment provider charges a fee or you exceed the maximum monthly withdrawals allowed, which is a generous figure.

For full transparency, you can easily review forex and CFD spreads before making a trade. The only downside is that this information is only visible when logged in. Just search for an instrument and then select the (i) details icon.

Our review does caution clients that the broker has certain fees. There is an inactivity fee of as much as USD 10 each month if you do not log in for three months or longer. There are also fees associated with overnight funding and guaranteed stop orders.

For more information on fees related to this broker, check out our guide to Plus500 fees and charges.

A Plus500 cryptocurrency review is likely to find the broker lacking in terms of the types of accounts offered. There is only a single type of retail account available, in addition to a professional account and a demo account.

In some cases, will allow clients to have two trading accounts, but this requires approval. Without approval, has the right to close the later account(s). Additionally, if a trader does get approval for multiple accounts, they will be independent, without the ability to transfer funds between them.

The demo account offers traders a way to get a feel for trading or to review forex rates and trading platforms themselves before investing real money. One very strong point is that you can use the demo account for as long as you want to review; in contrast, most competitors place limits on their demo accounts. Additionally, if the demo account’s balance reaches 200 EUR or lower (or its equivalent), it will automatically be reset, so you can continue to practice trading. This allows even experienced traders to use the demo account to plan strategies.

Professional customers can increase their leverage but must sacrifice their negative balance protection. Leverage on professional accounts can be as high as 1:300 for forex and indices, 1:150 for commodities, 1:100 for ETFs, 1:20 for shares and cryptocurrency, and 1:5 for options. All of these, except options, are higher leverages than you will find when you review retail accounts.

As is the standard across similar brokers, to become a professional client, Plus500 requires two of three criteria be met: (1) significant trading activity in the past year, (2) a portfolio with more than €500,000, or (3) experience in the sector of financial services.

Our Plus500 UK review team appreciates that the broker offers platforms for desktop and mobile devices but cautions that some traders will be disappointed in the lack of a familiar platform. Your Plus500 CFD review will not show you MetaTrader or any other platform you have likely used before.

plus500 platform

Even so, the platform offered is highly intuitive, and it is set up similarly to those of most other brokers. As such, few people who review broker via a demo account will take long to get used to the broker’s platform.

The compatibility across devices is impressive. In addition to an Android app and an iPhone/iPad app, even offers a Windows Phone app, something that is incredibly rare. There is also a Windows 10 desktop trader, although one is lacking for Mac OS. Mac users will have to rely on the Web Trader, which is compatible with Edge, Firefox, Chrome, and Safari. Although the broker does not offer access to the platform without logging in, there are sufficient images available via the download pages to give you a feel for it.

In a review of Plus500 UK’s website, we found it to be highly usable. It has a clean, professional design with more colour than some, courtesy of the blue background. It is well laid out, making it simple to find the relevant sections as you review their offerings. Clients should be able to easily find information on the instruments offered, fees, and the company. The search bar also adds a convenient touch, as does the support for 32 languages.

The main support page for Plus500 is the FAQ section. This includes the information that clients and potential clients are most likely to be in search of. As expected, our review found the division of questions into categories and the inclusion of a search bar.

One feature that sets this cryptocurrency review apart from those of competitors is the 24/7 support availability. Most similar brokers only offer 24/5 support, so these extended hours should be reassuring to clients.

The options to contact Plus500 support directly are found on the FAQ page. These include the expected online chat and email, in addition to WhatsApp. A phone number would be an appreciated addition, as many clients prefer that mode of support, but our UK review found that the support via WhatsApp makes up for this in some respects.

plus500 who we are

Our Plus500 review explains the various deposit methods available for the broker’s clients. For added convenience, videos detailing some of these deposit methods are found in the FAQ section.

Card Payments

Card payments are accepted for deposits to Plus500, but only debit or credit cards from MasterCard or Visa.     

Bank Wire Transfer

Bank wire transfers are one of the choices for deposits. However, the process for starting one is slightly roundabout. Clients must begin the transfer process and have automatically email them the details they will use to complete the bank transfer.

E-Wallets

It is also possible to make a deposit using electronic wallets, including Skrill and PayPal.

Our Plus500 review found that one area where improvement is needed is in educational materials and trading tools. The broker does offer an economic calendar as well as risk management tools, such as Close at Profit (limit) and Close at Loss (stop loss), Trailing Stop, and Guaranteed Stop orders. These also include convenient explanations with examples for beginners.

There is no obvious news or analysis available, something most brokers offer. To make up for this, traders can sign up for real-time push notifications, emails, and/or SMS alerts for per cent changes, price alerts, and traders’ sentiment per cents.

The educational content is also somewhat limited, with a single Trader’s Guide section. There are only five educational videos there. As such, all traders will need to find outside sources for additional education.

Our Plus500 review team is reassured by the regulation and deposit protection offered by the broker. Those who review broker’s policies will find that the Financial Conduct Authority (FCA) authorises and regulates it. This entitles retail clients to coverage under the Financial Services Compensation Scheme, with compensation up to £85,000 per person.

As part of this regulation and authorisation, holds client funds on a segregated basis. Plus500 does not invest funds from retail clients and only uses its own funds for hedging.

There is no indication on its website or in any previous Plus500 review that this broker has been honoured with awards in the past. However, the broker does have many partnerships that can increase users’ confidence, including with Atletico de Madrid, Brumbies Rugby, Mercato 24, FX Empire, and Finanzen.net.

plus500 milestones

Plus500 FAQs

You can withdraw your funds from Plus500 through any of the following methods

  • Card Payments
  • Bank wire transfer
  • eWallets

The broker does not charge a fee for withdrawals but routes the payouts to the same payment gateway from where your deposits originated. So, if you have deposited funds from your card, the withdrawal would also be processed to your card.

Plus500 offers two account types – Standard and Professional. The minimum deposit for both the account types is €100/$100/£100. However, these would depend on your payment method too. For instance, the minimum deposit is €100/$100/£100 if you deposit funds via eWallets, Visa/MasterCard, Apple Pay, Trustly or Skrill. But, in the case of bank transfer, the minimum is €500/$500/£500.

The Plus500 leverage depends on the regulatory authority governing the broker. If you sign up with the CFD broker in Europe or the UK, the stringent regulations permit max leverage of 30:1 for retail clients. However, professional clients and those registering with the broker under the Seychelles Financial Services Authority receive max leverage of 300:1. Likewise, if you are residing in any other country like New Zealand or Singapore, the leverage could be different.

Plus500 offers more than 2000 financial instruments across FX, commodities, cryptocurrencies, shares, indices, ETFs and options. Besides, the broker is regulated in multiple jurisdictions, making them safe when it comes to depositing funds. However, there isn’t much for beginners in terms of education, and the proprietary trading platform could be challenging. So, if you are a beginner, you could look for a regulated broker offering the globally-acclaimed MT4 platform along with excellent trading conditions.

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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