Is Plus500 Good For Beginners?

Page Summary

Plus500 is a leading online broker with licenses from the MAS, DFSA (F005651), 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. Due to the risky nature of CFDs, trading with a real money account is aimed at more experienced traders. Beginner traders can use Plus500’s unlimited demo account and benefit from their beginner-friendly tools such as their Trading Academy, eBook, vast FAQ section, etc. There is a straightforward web platform with a user-friendly design. 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.

Services At Plus500 For Beginners

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.

Broker Comparison

Plus500 ActivTrades Spreadex
Web platform score 4.5 stars 4.3 stars 4.5 stars
Mobile platform score 5.0 stars 4.3 stars 4.5 stars
Fees Average Low Low
Account opening score 5.0 stars 5.0 stars 4.4 stars
Education score 3.5 stars 5.0 stars 1.3 stars
Customer service score 5.0 stars 4.5 stars 4.5 stars
Deposit and withdrawal score 5.0 stars 4.5 stars 4.3

Safety

Safety is a core element of online trading. Plus500 has top-tier licenses from the MAS, DFSA (F005651), ASIC, and FCA. It offers access to secure trading platforms and authentication methods.

Final Verdict

Plus500 is a leading online broker recommended for traders at all experience levels. Plus500 users can take advantage of their free, unlimited demo accounts and and benefit from their beginner-friendly tools such as our Trading Academy. It offers a top online trading experience with straightforward features. Read our in-depth reviews to learn more about Plus500 and its services.

Disclaimer: Forex and CFDs are complex leverage-based products, which carry a high level of risk. These complex products are over-the-counter derivatives and are not suitable for everyone. You must consider whether you understand how these products work and whether you can afford to take the risk of losing your capital. Investing in these products does not provide any entitlement, right or obligation to the underlying financial instrument. The profit and loss are determined by the price movement of the underlying and can expose you to the high risk of losing your capital rapidly. 82% of retail investor accounts lose money when trading CFDs with this provider.

Plus500 compared to other brokers:
Plus500 Review
Plus500 Insights

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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