Page Summary
Plus500 is a leading online broker with licenses from the MAS, DFSA, 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.
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, 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 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:
Plus500 Review
Plus500 Insights
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is 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.
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.