Plus500 Reviews

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3.3/5

#26 Cryptocurrency Trading Platforms

4,449 reviews

Plus500 is a trading platform offered by Plus500UK Ltd. It is an outstanding provider in delivering trading facilities on forex, commodities, shares, options and indices. They also offer the best cryptocurrency trading platform, Exchange Traded Fund (ETFs) and Contracts for Difference (CFDs), parallel to innovative trading technology.

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Truely score

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3.29

from 4,449 analyzed reviews

Pros

Reviews with positive sentiment

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Cons

Reviews with negative sentiment

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Last updated on March, 7

Features

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Multi Cryptocurrency Wallet

Reasonable Deposits

No Trading Limits

Referral Program

Refunds

Practice Trading Account

Firewall Security

SSL Encryption

Mandatory Backup

Investor Protection

Cyber-Security Framework

Privacy Notice

Risk Disclosure

Identification Verification

Ranking

Overall ranking

26

Last updated on March, 7

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About the seller

Seller

Plus500 Ltd

Frequently Asked Questions

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What makes Plus500 different?

Plus500 stands out from the rest of the online trading platforms because they accept major trading currencies and minor trading currencies. This means you will never have to incur any conversion fees. What sets Plus500 apart from all the other cryptocurrency trading platforms is that they use advanced cryptocurrency trading tools. They allow you to open Buy and Sell positions to speculate on the cryptocurrency’s price movements instead of actually buying and selling cryptocurrencies, making Plus500 one of the best cryptocurrency trading platforms there is.

Is the demo account available in this cryptocurrency trading platform?

Yes, it is available but there is no assurance that you can access it from your country. You need to check and contact the support team to inquire or request. The team will respond fast.

Why should I trade cryptocurrency CFDs with Plus500 instead of just trading cryptocurrencies?

When trading cryptocurrency CFDs with Plus500, you don’t actually own the cryptocurrencies, but rather allow you to speculate on their price movement. This means that you can trade in the cryptocurrency market without the risk of having your cryptocurrency wallet hacked and get your money stolen.

What cryptocurrency CFDs does Plus500 support?

Plus500 has Bitcoin, Ethereum/Bitcoin, Ethereum, Crypto 10 Index, Litecoin, Stellar, Bitcoin Cash ABC, and Cardano for cryptocurrency CFDs.

Why should I trade cryptocurrency CFDs with Plus500?

Plus500 not only offers a selection of cryptocurrencies, but also trade cryptocurrencies with up to 1:30 leverage. You can start with as little as $100 to gain the effect of $3,000 capital.

What kind of risk management tools does Plus500 offer for trading cryptocurrencies?
Close at Profit' [Stop Limit] or 'Close at Loss' [Stop loss] rates

These orders allow you to set a specific rate at which your position will close to protect your profit or minimize your loss.

Guaranteed Stop

This order puts an absolute limit on your potential loss. Even if the price moves significantly against you, the position will automatically close at the specified price with no risk of slippage.

Trailing Stop

This order allows you to keep your position open as long as its price moves in your favor, but will automatically close if its price changes direction by a specified amount of pips.

Does Plus500 offer day trading for cryptocurrencies?

Yes, they have the best cryptocurrency day trading platform because they trade with CFDs where you can easily open and close your trading positions to avoid further losses or gain a fast profit.

What other fees does Plus500 charge?

Plus500 relies on their “market spread” in compensation, so that’s why they don’t charge any deposit, withdrawal, and commission in every trade. However, there may be reasonable fees that might incur in some scenarios:

Currency Conversion Fee

It is when the currency that you traded is different from the currency in your account.

Overnight Funding

It’s when you’re holding a position after a certain amount of time (the “Overnight Funding Time”).

Guaranteed Stop Order

It is a feature that you can choose where it guarantees that your position (trade) closes at a specific requested rate (price).

Inactivity Fee

A fee of $10/month if you haven’t logged in your trading account for at least 3 months.

What is cryptocurrency?

Cryptocurrencies are virtual currencies that typically use a decentralized network to perform secure financial transactions. On Plus500’s trading platform, you can easily trade crypto CFDs by speculating on exchange rate changes without actually owning cryptocurrencies.

What to look for in a good trading platform for cryptocurrency?

There could be a lot of factors for choosing the right trading platform for you. Researching and looking at cryptocurrency trading platform reviews would be of help. But these criteria, which Plus500 has, should give you a good headstart in determining the best trading platform for cryptocurrency:

1. A good reputation.

2. Great security.

3. Little to no unnecessary fees.

4. Offers a cryptocurrency demo trading platform.

5. Reasonable asset prices.

6. Every transaction that ever occurred using cryptocurrency and any transfers of ownership is recorded.

Why should I choose Plus500 over any other trading platforms?

1. Plus500’s trading platform is simple and easy to use on both desktop and mobile platforms.

2. They don’t charge a lot of fees.

3. Their demo account is unlimited.

4. They have quick and helpful customer support.

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