You’re NOT Ready Until You Read This 2019 Plus500 UAE Review
Plus500 is located in Israel but has additional offices in the United Kingdom, Australia, and Cyprus. Plus500 is regulated by many different entities worldwide, including:
- Cypress Securities and Exchange Commission – License Number 250/14
- Financial Conduct Authority – FRN 509909
- Australia ACIS – ACN 153301681 AFSL – 417720
- New Zealand FMA – 486026
- South Africa FSP – 47546
As regulation is critical to safe and effective CFD trading, it’s important to remember that this platform is listed on the London Stock Exchange. The sheer number of regulations that Plus500 must follow may be a point of increased trust for traders.
Please consider choosing a CFD provider who has a low cost of trading. Trading costs can be broken down into two main groups:
- Spreads and commissions
- Swap rates (overnight financing charges and payments)
If you only trade during the day, you will never need to pay any swap rates because those only occur after hours. In contrast, spreads and commissions are always charged and are the simple cost of trading. Plus500 offers competitive variable spreads.
Features Of Plus500 UAE
Plus500 offers a wide range of CFD trading instruments, including Forex pairs, shares, ETFs, indices, and commodities. All of these items are available across 20 markets worldwide and total over 2,000 instrument options for CFD trading. If you would like to open an account, there is a minimum deposit of €100.
One of the best parts of Plus500 is that they have no sales team. That means you don’t get the aggressive sales calls you would get from other brokers. If you’re interested in signing up with them, there is a simple application process, and you can deposit your funds electronically. So if you are a motivated trader who does not want to be repeatedly contacted to “upgrade” your account, Plus500 is an excellent option.
Risk Management Offerings
Risk management is one of the most important aspects of CFD trading. At Plus500, there are many options to manage risk, which, in turn, helps you maintain peace of mind.
Two critical metrics – your total position value, and your equity – are easily viewed from the account snapshot window on the website. You can also easily access the limit or stop loss options available through Plus500. These are essential tools that further limit the total risk you may take on while trading CFDs. Plus500 also offers a “price alert” functionality that notifies you whenever your specific market reaches a certain buy or sell price. The price alert does not close your position. It only alerts you when the price has been reached so that you can take action and close or open your position according to your trading strategy. The easiest way to start a price alert is in the instrument list. There you will find a small bell icon that activates (or deactivates) the price alert functionality.
In addition, the trailing stop feature that Plus500 offers can be very useful. The trailing stop is similar to a price limit in that it is a risk management tool. A trailing stop closes your position at your new level when you open a trade. These trailing stops significantly reduce your risk because your position will never go beyond the limits that you set. You also don’t run the risk of accidentally losing money because you were manually observing the price changes and did adjust your position fast enough.
According to the ESMA, citizens of the EU are allowed to have as much as 1:30 leverage on some major currency pairs. However, the leverage offered to a client can vary significantly based on a variety of factors.
Added Benefits
One of the indirect benefits of using the Plus500 website is that it can be viewed and operated in over 32 languages. Few CFD brokers have such wide-ranging language support. Beyond that, the system is able to display the correct language according to your location automatically.
If you’d like to become familiar with the Plus500 interface before opening an account and depositing money, you can use the free demo accounts that are offered. Demo accounts have no time limit, which means you can practice your trading or even test out new trading strategies using the demo account for as long as you want.
Customer Support is also available 24/7 via live chat or email.
Withdrawals/Deposits
Plus500 is very flexible in the ways that it excepts deposits or delivers withdrawals. They accept credit cards, PayPal, bank transfers, and Skrill.
Longevity
While it may not change your trading strategy, it’s worthwhile to note that Plus500 is the main sponsor of Club Atletico de Madrid. This is just one sign of Plus500’s financial stability that should increase your trust in their product.
Platforms
At Plus500 UAE, you get the benefit of using the WebTrader platform in addition to the proprietary trading platform created by Plus500. All of your essential information is available on only one screen. That means you don’t need to scroll or reload the page to get all the information you need. Plus500 trading platform uses tabs two separate data “chunks” which avoids the need to search or reload your page every time you need to switch to a new screen.
You can access the proprietary trading platform at Plus500 in three different ways:
- web-based platform;
- mobile trading interface;
- downloadable desktop application.
One of the significant benefits of Plus500 having a proprietary platform is that all three platforms are synchronized. That means you can switch seamlessly between the mobile, web-based, and downloadable apps without any problems.
All of the trading platforms available through Plus500 include advanced charting tools, guaranteed stop loss, technical analysis capabilities, and much more. Also, traders receive superior execution rates, $0 trading commissions, and leverage of up to 1:30.
Disclaimer: CFDs are leveraged, which means they function on a type of credit. That means you may lose all of your capital if you trade using CFDs. If you do not understand the risks, CFDs may not be suitable for you. Always remember to read each broker’s User Agreement and Risk Disclosure Statement before using their services.
Plus500 UAE Final Verdict
The Plus500 UAE website was designed with the CFD trader in mind. The interface is easy to navigate, and trading is secure. Be sure to carefully study how Forex trading works before trading CFDs.
