Plus500 webtrader review
And ofcourse, you can lose more than your deposit with most other brokers, which is a huge risk for a beginning trader. The best way to get convinced about the Plus platform is to check it out yourself. Plus offers an unlimited free demo with virtual money. You can easily fund your account with your Skrill account or a credit card.
Plus offers very tight spreads, for example a minimum 0. You never pay commissions: You only pay the funding premium if you hold on to your position for longer than 1 day.
It's a specific percentage per day that varies from the instrument that you are trading. This is a huge advantage! Other brokers or regular banks mostly ask a fixed commission and you would pay more than 20 euros for opening and closing such a position. Here are some examples from a demo account on the Plus platform. For opening a euro short position, you only need EUR 12,50 on your account. You can immediately place your stop loss and profit target. If you click advanced, you can also choose a trailing stop.
A lot of people think that Plus is a scam, because it sounds too good to be true. The fact that they don't ask commissions is one reason of concern for some people.
However, we know for a fact that the spread the difference between bid and ask and the funding premium should be enough to cover all their costs. Plus is authorized and regulated by the Financial Conduct Authority, as you can read here.
They are also listed themselves on the London Stock Exchange, which underscores that it's a reliable company. A real disadvantage is that you can't call them. They do offer live support though. And questions by email also get an answer pretty fast.
Our experience is that you usually get an answer within a few hours. A popular concern is withdrawing money from your account. Some people expect problems with that. We have withdrawn money to our Skrill account a service like Paypal and the money arrived there after two days. So we had absolutely no problems with that. They do offer live support though. And questions by email also get an answer pretty fast. Our experience is that you usually get an answer within a few hours.
A popular concern is withdrawing money from your account. Some people expect problems with that. We have withdrawn money to our Skrill account a service like Paypal and the money arrived there after two days. So we had absolutely no problems with that. As a CySEC regulated company they even have to process all withdrawal requests on the same business day!
The above mentioned disadvantages haven't kept us from using their platform though. Overall, we are very satisfied with this broker. In our opinion, it's one of the best brokers to get to know forex and CFD trading.
Visit the Plus website and try the free demo or open an account. The platform is also supporting 24 different languages, so chances are high that Plus is available in your native language. CFDs, forex and binary options are leveraged products and trading with leverage can result in losing more than your deposit. Trading CFDs, binary options or forex may not be suitable for you, so make sure you understand all the risks. Our website is free for our visitors, but in order to provide this free service we may be compensated, receive commissions or advertising fees from brokers listed on our website.
For personalized information, you should contact your investment advisor. There are several CFD, forex and binary options trading platforms. It is important to compare well. That's why you'll find information on some selected platforms on our website. Because of counterparty risk, it is not a bad idea to use a few different brokers.