Plus500 is a CFD trading platform that offers CFD trading for Shares, Forex, Indices, Commodities and ETFs. Plus500 is one of the leading platforms in Australia.
CFD stands for Contract of Difference meaning you are trading a contract that represents the price of a share. You do not own the actual shares or asset.
CFD platforms generally have cheaper commissions than traditional platforms. Commissions are the cost to open and close trades. Plus500 is commission free which is very helpful for small sized accounts. Eg. Imagine opening a trade with $100 on a traditional platform. In some cases the commission can be up to $20.
There is a desktop and mobile version for your convenience to trade. It has simple and intuitive user interface.
There are around 2000 CFD markets to trade.
Although Plus500 is a commission free platform. It is not completely free of fees. There are fees for premium, inactivity and overnight fees. This makes it a go to platform for shorter term trading.
Plus500 is a regulated company.
Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Risk Warning - 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 platform is suitable for experienced traders only. Though, Plus500 is a very user-friendly platform, CFDs are “complex financial products”, thus the platform is not suitable for beginners/ un-experienced traders.
It is wise to start with their free demo practice account before using real money.
Please educate yourself and seek financial advice from a professional before making any financial decisions. You and only you will be held liable for your own decisions.
For more information on Plus500 be sure to read the information on their website. Or contact their customer service which is available 24/7.