If you’re looking for a forex broker with a mobile app and a free demo account, you should consider Plus500. Not only does it offer these amenities, but it also offers market news and no commissions! If you’re new to trading, this company is the right place for you to start.
Plus500 is a forex broker with a mobile app.
Plus500 is a forex broker that is accessible on both Android and iOS mobile devices. Users can deposit or withdraw money from their accounts using various currencies. There are no account-opening fees at Plus500. Users can fund their accounts via bank transfers, e-wallets, or Visa or MasterCard cards.
The company has multiple regulatory licenses and is regulated in several jurisdictions. It also sponsors professional sports teams. In 2016, it became the official sponsor of Club Atletico de Madrid. It also has ties with Legia Warsaw and Atlanta Hawks. This reputation has helped Plus500 build a solid reputation as a reliable broker. It is also listed on the Main Market of the London Stock Exchange.
Plus500 also offers CFDs on stocks, indices, and ETFs. The platform supports a leverage of 1:30 for most of the popular stock indices. It also offers contracts on energy and gasoline, precious metals, and agricultural products.
It offers a free demo account.
You can open a free demo account with Plus500 to test their trading platform before signing up for a live account. The demo account lets you trade in actual market conditions, and you can leave it open as long as you want. You can also use the demo account to familiarize yourself with the trading systems, including the Webtrader.
A demo account is a beneficial tool for beginners and swing traders. However, one of the main limitations of the platform is its lack of one-click trading. Many day traders are constantly in the market, and this lack of one-click trading is a huge detraction. This is why it is always a good idea to sign up for a free demo account before making an actual trade. You can also try out its mobile app, which features an intuitive interface and advanced functionality.
Plus500 has multiple trading platforms, including professional and retail accounts. It features advanced research tools and a user-friendly interface. It’s Buy,’ and ‘Short’ buttons are easy to find, and its stop and limit orders are easy to set up. It’s an excellent choice for anyone looking to get started in the online market. A free demo account is available to anyone, and you can use it forever.
It offers market news.
Listed on the London Stock Exchange, Plus500 is a fintech firm that provides online trading services for shares, options on futures, and CFDs. It has subsidiaries in several countries and is a member of the FTSE 250 Index. Moreover, the company is regulated by more than one top financial authority.
Traders can access market news, research, and educational material to help them make informed investment decisions. This helps them avoid high-risk trades. Plus500 also provides educational material on CFDs and instruments. It also has an online video series to help traders learn more about them. However, these educational materials are average and can be found elsewhere.
The WebTrader has an intuitive user interface and is easy to navigate. It allows traders to create watchlists and analyze charts with ease. It also features various technical indicators that can be applied to various time frames. The platform also has an alert feature that notifies traders of any change in price or Plus500 Traders’ Sentiments.
It offers no commissions.
Plus500 is a regulated CFD broker based in the UK with a free lifetime demo account. It has a strong product offering, competitive trading fees, and an easy-to-use platform. While Plus500 is not recommended for beginners, it is a good option for active traders. However, it is not a low-risk broker for investors, as it only offers CFDs. Traders should understand the risks of this type of trading before signing up.
Plus500 does charge some fees, including 0.7% of each trade, a currency conversion fee, and a Stop Order fee, which is industry standard. In addition to those fees, Plus500 also charges a monthly inactivity fee of $10. Plus500 does not charge any commissions on withdrawals but does charge for currency conversions and other transaction fees.
Users can use Plus500’s demo account to practice and perfect their trading strategies. The demo account offers unlimited trading and reverts to a starting balance of $100 if a user loses their account balance. Plus500 also offers a proprietary trading platform as a desktop client for Windows 10 devices and a mobile application. It is intuitive and straightforward, and the platform does not limit how long a user can use it.