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Is Plus500 Good For Beginners?

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Plus500 is a leading online broker with licenses from the MAS, ASIC, and FCA. It offers access to reliable trading platforms, educational tools, and customer support. It has some educational data, being a good fit for professional investors.

This article discusses whether Plus500 is good for beginners.

CFD Brokers & Beginners

Most CFD brokers don’t offer beginner-friendly services. Plus500 is a CFD broker that offers beginner-friendly services. There is a straightforward web platform with a user-friendly design. We recommend Plus500 for beginner traders if they want to trade currencies. We do not recommend beginners trade CFDs at any broker as they are a complex trading instrument.  Plus500 is a CFD broker with professional tools and platforms. Read our in-depth reviews to learn more about the asset portfolio available at Plus500.

Beginner-Friendly Services At Plus500

We review online brokers based on 105 criteria. Our findings depend on many factors, including learning tools and ease of use.

Plus500 has a straightforward web platform with two-step authentication. It offers access to a virtual trading account and beginner educational videos.

This broker has reliable customer service. Traders receive access to live chat and a support team is available 24/7.

Plus500 ActivTrades Spreadex
Web platform score4.5 stars4.3 stars4.5 stars
Mobile platform score5.0 stars4.3 stars4.5 stars
FeesAverageLowLow
Account opening score5.0 stars5.0 stars4.4 stars
Education score3.5 stars5.0 stars1.3 stars
Customer service score5.0 stars4.5 stars4.5 stars
Deposit and withdrawal score5.0 stars4.5 stars4.3

Safety

Safety is a core element of online trading. Plus500 has top-tier licenses from the MAS, ASIC, and FCA. It offers access to secure trading platforms and authentication methods.

Final Verdict

Plus500 is a leading online broker in 2021 recommended for traders at all levels of experience. We recommend Plus500 for beginner forex traders. It offers a top online trading experience with straightforward features. Read our in-depth reviews to learn more about Plus500 and its services.

Plus500 compared to other brokers:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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