Plus500 Trading App Review and Guide

The Plus500 trading app is a popular choice among traders, offering a wide range of financial instruments to trade on. It's available for both iOS and Android devices.

With over 2,000 assets to choose from, including CFDs on stocks, indices, commodities, cryptocurrencies, and forex, you'll have plenty of opportunities to diversify your portfolio. This variety is a major draw for many traders.

One of the standout features of the Plus500 app is its user-friendly interface, making it easy to navigate even for beginners. The app's design is clean and intuitive, allowing you to quickly find what you need.

The Plus500 app offers competitive spreads, with some as low as 0.6 pips, making it a great option for traders who want to minimize their costs.

The Plus500 App is a powerful tool for traders, offering a range of features and tools to help you stay on top of your investments. One of the standout features is the Alert Tools, which provide real-time notifications to keep you informed about market changes.

You can set up alerts for specific financial instruments, receiving notifications when the percentage of buyers and sellers changes, or when the price moves significantly. This can be set to daily, hourly, or even a 5-minute increment, giving you the flexibility to stay informed at a frequency that suits you.

The Alert Tools also include an Economic Calendar, which displays worldwide economic indicators and financial-related events. This is a great way to stay up-to-date with market news and trends.

Plus, the Plus500 App has a range of Risk Management Tools to help you manage your trades effectively. These include Close at Profit, Guaranteed Stop, and Trailing Stop, which allow you to set specific prices for closing trades, limiting losses, and locking in profits.

Alert Tools are a great way to stay on top of your investments with Plus500. You can set alerts for price changes, trader sentiment, and economic indicators.

The Plus500 App has a range of alert tools to help you keep track of your investments. These include Traders' Sentiment, which shows the percentage of buyers and sellers of a particular instrument.

You can also set alerts to notify you of changes in a specific financial instrument, whether it's daily, hourly, or even every 5 minutes. This way, you'll always be up-to-date on market conditions.

Plus500's Economic Calendar is another useful alert tool, displaying worldwide economic indicators and financial-related events.

Here are some of the alert tools available on the Plus500 App:

Risk Management Tools are a must-have for any trader. They help you minimize losses and lock in profits.

The Plus500 App offers three powerful risk management tools: Close at Profit, Guaranteed Stop, and Trailing Stop.

Close at Profit allows you to set a specific price at which your position will automatically close to safeguard your profit. This tool is free of charge and can be added to your trades when opening a new position or editing an existing one.

Guaranteed Stop limits your potential losses by automatically closing your position at a specified price, even if the value of the instrument moves significantly against you. This tool comes with a wider spread.

Trailing Stop locks in profits by placing an order that remains open as long as the price moves in your favor. However, if the price changes direction by a particular amount, the order will close it automatically.

Here are the risk management tools offered by Plus500 in a quick reference list:

These tools are essential for managing risk and achieving your trading goals. By using them, you can protect your capital and maximize your returns.

You can access financial markets and seize opportunities with Plus500, the #1 broker for ease of use. With over 2,800 CFDs on Shares, Forex, Indices, Commodities, Cryptocurrencies, ETFs, and Options, you can trade more than you ever thought possible.

Plus500 offers a wide range of financial instruments, including ETFs, Forex, Indices, Company shares, Commodities, Options, and Cryptocurrencies. You can even trade the latest IPOs as new companies go public.

Trading CFDs and/or investing in shares involves risks, most notably the risk of losing all your invested capital.

Trading and investing with Plus500 can be a great way to access financial markets and seize opportunities. With over 2,800 CFDs on Shares, Forex, Indices, Commodities, Cryptocurrencies, ETFs, and Options, you can diversify your portfolio and explore endless trading opportunities.

You'll love the unlimited demo account, which allows you to practice CFD trading risk-free. This is a great way to get a feel for trading without risking any real money.

Plus500 is a well-established broker with multiple subsidiaries licensed and regulated by the relevant authorities. This gives you peace of mind knowing that your trades are protected.

One of the main benefits of trading CFDs with Plus500 is the ability to trade around-the-clock using a wide range of web and mobile devices. This means you can stay on top of the markets and make trades whenever it suits you.

To open a trade, simply sign up or log in to your Plus500 account and go to the main "Trade" tab. From there, you can search for the instrument you want to trade and click Buy/Sell to open the position screen.

Here are some key things to consider when trading CFDs:

Remember, trading CFDs involves risks, and 82% of retail investor accounts lose money when trading CFDs with this provider. It's essential to understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500 is a well-established online trading platform that offers a range of features for traders. Founded in 2008, it's publicly traded on the London Stock Exchange (LSE: PLUS) and part of the FTSE 250 Index.

One of the key benefits of using Plus500 is its high level of regulation, earning a maximum Trust Score of 99. This gives traders peace of mind when trading with the platform.

Plus500's user-friendly web-based trading platform is a solid choice for beginner traders. The platform also features robust charting, with a consistent experience across devices.

Here are some of the key features of Plus500's platform:

However, the platform may not be the best choice for active traders, as it offers a touch more than just basic features. This can make it less attractive for those who need a more advanced platform.

Plus500's cost structure is another consideration, as its average spreads on the EUR/USD averaged 1.5 pips in April 2024. This is relatively high compared to other trading platforms.

The platform's research content is also limited, consisting of just a few daily articles and a lack of market updates or analysis in its video content.

The Plus500 App offers a wide range of tradable assets, including over 2,500 CFDs. This gives traders a vast array of options to choose from.

ETFs are available for trading, providing a way for investors to gain exposure to a variety of assets in a single investment. I've found that ETFs can be a great option for those new to trading.

Forex, or foreign exchange, is also accessible through the Plus500 App. With the ability to trade on over 2,500 CFDs, traders can take advantage of fluctuations in currency values.

Indices, such as those tracking major stock markets, are also available for trading. Trading indices can be a great way to diversify a portfolio and reduce risk.

Company shares are a popular option for traders, offering the opportunity to invest in individual companies. I've seen many traders use company shares to try to beat the market.

Commodities, including metals and energies, are also tradable through the Plus500 App. Commodities can be a great way to hedge against inflation or other economic risks.

Options give traders the ability to speculate on the price of an asset without actually owning it. Options can be a powerful tool for traders, but they do come with added complexity.

Cryptocurrencies are also available for trading, offering a new and exciting opportunity for investors. However, trading cryptocurrencies is not for the faint of heart and requires a good understanding of the market.

The following is a list of the tradable assets available through the Plus500 App:

Forex

Indices

Company shares

Commodities

Options

Cryptocurrencies

To manage a trade, you need to be aware of your risk tolerance and position size. You can do this by setting a stop loss order, which will automatically close your position if it reaches a certain price level.

You can set a stop loss order when opening a new position or editing an existing one. This will help you limit your potential losses and protect your investment.

A "Close at Profit" order is a risk management tool that allows you to set a specific price at which your position will automatically close, in order to safeguard your profit. This can be especially useful for traders who want to lock in their gains.

A "Guaranteed Stop" order is another risk management tool that limits your potential losses by automatically closing your position at a specified price, even if the value of the instrument moves significantly against you. This can be especially useful for traders who are new to the market or who are trading with a small account balance.

You can also use a "Trailing Stop" order to lock in profits by placing a stop loss order that follows the price movement of the instrument. This will remain open as long as the price moves in your favor, but will automatically close if the price changes direction by a particular amount.

Here are the different types of risk management tools available on Plus500:

By using these risk management tools, you can help manage your trades and reduce your risk of losing money.

Plus500's platform was initially plagued by inadequate systems and staff training, which led to inaccurate transaction reporting and a £205,128 fine from the UK's Financial Conduct Authority (FCA) in 2012.

The company operated with a high-automation, low-staff model, which made it difficult to ensure compliance with regulatory requirements. This lack of adequate systems and staff training impacted 1,332,000 transactions, with 189,000 going unreported.

Plus500's website operated in 51 countries across 30 languages, offering over 1,800 assets by mid-2013.

The Plus500 app takes login security seriously, and it's equipped with a 2-step authentication process to ensure a safer login experience.

This extra layer of security adds an additional step to the login process, making it more difficult for unauthorized users to access your account.

Biometric authentication is also available, allowing you to log in using fingerprint or facial recognition.

IPO and Regulatory Compliance can be a complex and challenging process for any company. In 2013, Plus500 went public on the Alternative Investment Market of the London Stock Exchange with a market cap of $202 million.

Lack of adequate systems, documented procedures, and staff training can lead to compliance issues. Plus500, with a high-automation, low-staff model, faced this problem, impacting 1,332,000 transactions between June 2010 and November 2011.

A fine of £205,128 was imposed by the UK's Financial Conduct Authority (FCA) for inaccurate transaction reporting. This fine was a result of Plus500's inadequate systems and procedures.

Regulatory compliance is crucial for any company, especially those operating in the financial sector. The FCA's freeze on UK accounts in 2015 due to an anti-money-laundering review halved Plus500's market value, dropping its share price from £860 million to £459.6 million.

The crisis led to a 47.5% decline in Q2 2015 revenue to $43 million.

Plus500 has faced numerous complaints over platform failures and questionable practices. Clients have been wrongly accused of market abuse and profitable trades canceled.

The company's financial reporting has been called into question. In 2017, Plus500's Annual Report stated it had no net revenues or losses from market P&L in 2015-2017.

A later report revealed a $103 million loss from client trading activity in 2017. This discrepancy highlights the importance of accurate financial reporting in the financial industry.

Plus500 has taken a unique approach to marketing, focusing on affiliate marketing and significant investments in web advertising. They spent over £48 million on web advertising in 2014 alone.

The company's marketing strategy is geared towards attracting beginner traders, with simplified marketing materials that don't require tests or educational seminars like many competitors do.

Plus500 has also made a name for itself through high-profile sponsorships, including a deal with Atlético de Madrid that lasted from 2015 to 2022. This partnership made them the club's main sponsor for 7 years.

In 2022, Plus500 entered a multi-year partnership with the NBA's Chicago Bulls, further expanding their sports sponsorships.