Traders Union’s In-Depth Review: Revealing Insights on Prominent Trading Platform
Plus500UK Ltd, a London-based company regulated by the UK Financial Conduct Authority, has operated the thriving trading platform Plus500.com since 2008. Offering CFD trading services to Asia and Europe, Plus500 boasts a selection of over 2000 assets.
Traders Union conducted a comprehensive Plus500 review, highlighting the upgrades in services and trading conditions for novice and experienced traders. This review diverges from the norm by focusing less on educational resources and more on improvements in the platform’s offerings.
Expert review of Plus500
Traders Union collaborates with Plus500, a trusted associate offering services to various clients, from Forex trading novices to experts. While recognized for its dynamic trading and diverse financial assets, the broker is conservative by discouraging practices such as automated systems, scalping, and hedging. Criticisms have been leveled against Plus500, particularly about withdrawal issues and slow customer service. Despite the platform’s user-friendly interface, it needs to offer more comprehensive information about trading conditions and additional benefits, which are essential for traders to make well-informed decisions.
Analysis of the main features of the broker
Traders Union ratings for Plus500:
- Overall Score: 2.88
- Execution of Orders: 2.67/10
- Investment Instruments: 3.09/10
- Withdrawal Speed: 2.73/10
- Customer Support Work: 3.03/10
- Variety of Instruments: 2.51/10
- Trading Platform: 3.25/10
What more does Plus 500 offer?
Traders Union emphasizes that since 2008, Plus500 has been catering to traders in Asia and Europe, prioritizing innovation, comprehensive benefits, and steady client growth. As a prominent CFD provider, Plus500 integrates cutting-edge technology with a conservative trading approach. Notable statistics include a twelve-year solid presence in the financial market, over 1 million active accounts, and a wide selection of 2,000 tradable assets. Geared towards active traders, Plus500 encourages independent trading without bots or programs. The platform offers both natural and demo accounts, displaying real-time price fluctuations of assets on the website. Trading is accessible through the web, mobile app, or Windows 10 Trader platform. Plus500 provides essential services like an economic calendar, risk management tools, timely price changes, and market ratio notifications via various channels.
Trading conditions for Plus500 users
According to Traders Union, while the Plus500.com website provides information about its trading instruments and company activities, it needs comprehensive data regarding trading conditions, including within the FAQs section. Despite this, Plus500’s appeal to beginners is evident, thanks to its low minimum deposit, competitive fees, and leverage of up to 1:300.
Best alternatives to Plus 500
TU recommends exploring the top alternatives to Plus500, each offering unique features and trading opportunities. These platforms provide robust alternatives for traders seeking diverse options beyond Plus500’s services.
With a focus on novice and experienced traders, these alternatives offer multiple trading platforms, a wide range of instruments, competitive spreads, rapid execution, and flexible account choices.
Recognized for its intuitive platform and effective mobile app, this option grants traders access to diverse markets, educational materials, and responsive customer support, making it a prime choice for those seeking convenience and adaptability.
Highly appealing to cost-conscious and performance-driven traders, this option offers competitive spreads, minimal commissions, speedy trade execution, exceptional customer service, and a wide range of advanced trading tools.
Traders Union provides a comprehensive Trading 212 review on their official website for those interested in exploring alternative brokers. To obtain a thorough analysis and further information, visiting Traders Union’s online portal is recommended.
In summary, Plus500 provides a robust trading platform for new and seasoned traders, prioritizing technological advancements. However, exploring alternative options like RoboForex, Pocket Option, and Tickmill is recommended, each offering unique features. Traders are advised to evaluate their needs, read reviews, and find comprehensive information on the Traders Union website.