Clients are also unable to use the MT4 mobile application, which has greater functionality and may be a more familiar interface for experienced investors. Visit website. Quarecy Software Limited. Clients can also deposit and withdraw money from within the mobile app. In , Plus launched a web based version of its online trading platform, allowing Mac and Linux users to trade online. Overall Rating. Even with these limitations, customer service responses to our requests were prompt, knowledgeable, and courteous.
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Plus is an innovative CFDs trading platform You should consider whether you can afford to take the high risk of losing your money. The app offers an elegant and intuitive user interface suitable for trading anytime. You can practice trading in the demo mode and move to trading with real money when you feel ready to do so. The authorisation given by the ISA to operate the trading platform trasing not constitute a confirmation in relation to the quality of trading, the trading instruments offered in the platform, or a confirmation that the appp is safe or recommended. The services and financial instruments offered by Plus may be restricted in certain jurisdictions; it is your responsibility to act according to the local law.
Very competitive spreads for a well-regulated broker
Steven Hatzakis December 20th, While Plus is a trusted global brand that offers an easy-to-use platform, it lacks research, trading tools, phone support, and educational resources desired by both casual and active traders. After spending several hundred hours testing 28 forex brokers over six months for our third annual forex broker review , here are our top findings on Plus The bottom line is that Plus is regulated, licensed, and is a safe broker to trade forex and CFDs with. Plus is considered low-risk, with an overall Trust Score of 97 out of
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Steven Hatzakis December 20th, While Plus is a trusted global brand that offers an easy-to-use platform, it lacks research, trading tools, phone support, and educational resources desired by both casual and active traders.
After spending several hundred hours testing 28 forex brokers over six months for our third annual forex broker reviewhere are our top findings on Plus The bottom line is that Plus is regulated, licensed, and is a safe broker to trade forex and CFDs. Plus is considered low-risk, with an overall Trust Score of 97 out of Plus is publicly traded but does not operate a bank.
Plus offers 50 currency pairs and CFDs, which is slightly higher than most forex brokers. Plus allows cryptocurrency to be traded as a CFD, but not as the actual asset with wallet storage. Plus appears to offer competitive spreads on most of its major forex pairs, while minor pairs are a mixed bag. Forex pairs: In our analysis, some forex pairs had spreads that were priced competitively, while spreads on other pairs were more expensive.
Available for desktop, web, and mobile, the Plus platform can be an excellent choice for casual investors due to its ease of use; however, MetaTrader is not offered, and the Plus platform provides only the essential, necessary tools required for trading.
The few advanced features available within Plus’s flagship platform include trailing-stops and gaurunteed stop-loss orders GSLOwhich can be helpful risk management tools for traders. Ease of use: If you have never traded before, the Plus WebTrader browser-based platform could be a place to start before graduating to a more advanced platform.
Both the desktop and web-based versions of the platform are cleanly designed and focus on simplicity. Note: For desktop, a Chrome app version of the Plus platform is available, whereas the Windows 10 version was no longer available and did not work during our testing even after updating the already installed desktop software.
Charting: Plus’s WebTrader platform provides robust charting with offers over optional technical indicators alongside the ability to save chart templates. Also, there are 21 drawing tools in the charts to aid in technical analysis. Also, Plus is not built for active traders as the range of research and trading tools trails most other multi-asset brokers. For example, both algorithmic trading and social copy-trading are not supported at Plus As far as forex and CFDs research goes, Plus leaves much to be desired.
Plus does not offer basic research options such as daily market commentary, forex news, or weekly webinars. Also, Plus does not provide social copy trading tools. The broker is, however, starting to roll out educational video content under its Trader’s Guide series.
News and research: It was surprising to see there is no research shown within the Plus demo. For example, there are no top-tier news headlines from providers such as Dow Jones, Reuters, Bloomberg, or even technical-related analysis content from the broker itself or third-party sources. Forex calendar: I was pleased to see that Plus incorporates an economic calendar powered by Dow Jones on its WebTrader platform, and which is also available on the broker’s website.
Plus also shows trader sentiment data, which can be useful to gauge consensus. Consistent theme: The Plus mobile app is similar to the web and desktop versions, with a consistent look and feel and simple design and platform layout. That said, the app lacks the advanced tools and all-around functionality to challenge industry leaders. Charts come with 18 indicators; however, no drawing tools are available.
Unfortunately, the mobile app has plenty of room for improvement in terms of the number of features as news, research, and trading tools are all lacking. Plus can be an ideal choice for less-experienced traders as the platform is straightforward to figure out and designed to making the trading experience simple.
Considering the range of tradeable instruments, with over 2, CFDs available, including 50 forex pairs, together with a low minimum deposit to open a live account, Plus provides new market entrants an easy way to test the world of online forex and CFDs trading. The broker serves forex and CFD traders through its regulated subsidiaries that hold licenses in major financial hubs, including the United Kingdom, Australia, New Zealand, Israel, and Singapore.
Plus offers over 2, tradable products, including forex pairs and CFDs on shares, indices, commodities, ETFs, options, and digital assets. For trading its product offering, clients at Plus can choose between desktop, mobile, and web-based trading platforms. For our Forex Broker Review we assessed, rated, and ranked 28 international forex brokers over a six month time period. Each broker was graded on 81 different variables and, in total, over 60, words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time live in person or over the web for an annual update meeting. All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less.
Learn more about how we test. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.
The ForexBrokers. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. These trademark holders are not affiliated with ForexBrokers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Rank: 26th of Rank: 16th plus500 trading app Rank: 25th of Rank: 20th of Compare Plus Find out how Plus stacks up against other brokers.
Plus Competitors Select one or more of these brokers to compare against Plus Publicly Traded Listed. Forex: Spot Trading. Currency Pairs Total Forex pairs. Cryptocurrency traded as actual. Cryptocurrency traded as CFD. Virtual Trading Demo. Proprietary Platform. Desktop Platform Windows. Web Platform. MetaTrader 4 MT4. MetaTrader 5 MT5. Charting — Drawing Tools Total. Charting — Trade From Chart.
Watchlists — Total Fields. Order Type — Trailing Stop. Daily Market Commentary. Forex News Top-Tier Sources.
Weekly Plus500 trading app. Trading Central Recognia. Delkos Research. Social Sentiment — Currency Pairs. Economic Calendar. Apple iOS App. Alerts — Basic Fields. Watch List Syncing. Charting — Trend Lines Moveable.
Charting — Multiple Time Frames. Charting — Drawings Autosave. Forex Calendar.
Trade CFDs on Stocks and Forex
This means that the options from Plus can be customized and adjusted for your risk tolerance and strategy goals. Avatrade Plus vs. Investors with a professional account may increase their maximum leverage ten-fold, from to It’s reasonable to have expected, at the very least, that the plus500 trading app include some type of customizable, automatic sign-out. Plus provides none of these services. They do provide zpp calendars, which is a great feature.
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