Plus500 Review – A Review of the Plus500 CFD Broker

As the name suggests, Plus500 Review is a CFD broker (Cross-Over-Derivative). This means you don’t actually purchase the underlying asset, but rather trade speculative contracts on its price rises or falls. This type of trading is less risky than purchasing the asset itself, but you need to be aware that it’s still a form of investment.

The trading platform is excellent – fast (critical for traders), with loads of tools and features to support your trading strategy, including a great range of data for each asset. You can also add a number of indicators to the charts, and there’s an extensive list of different types of alerts (which can be set for price changes, percentage changes within sentiment data etc). The only drawback is that charts from the web platform do not sync with the mobile app, which some traders may find frustrating.

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In terms of assets you can trade, the site offers 2,800 leveraged financial CFD instruments including forex, commodities, indices, global stocks and ETFs. They are a market maker, which means they set their own bid and offer prices and automatically take the other side of a client’s trade. This is a common business model in the CFD industry, and contrasts with brokers who provide direct access to other market participants.

Plus500 is one of the few brokers to offer a wide range of cryptocurrencies to trade, including the top currencies like Bitcoin and Ethereum. In addition, you can also trade a selection of less popular coins. You can even use a margin loan to do so, which allows you to maximise your profits and minimise your losses.