How to open account on plus500.
Citizens of most countries are allowed to open account, however, Plus500, as a forex or CFD broker offers only one type of account and you can not open an account if you are from USA or Canada).
You can expect a very easy, smooth and professional process to open your account with Plus 500. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day. Additionally, you will get access to use your demo account, immediately
However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with plus500.
in brief follow these 5 steps for account opening at plus500:
1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Select your account type & base currency.
5. Provide identity and residency proof for activation.
Tip about away times:Navigate to portfolio
Access your account statement
You can set alerts and notifications on plus500 and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use web or mobile for your trading, you can get different kind of notifications.
Additionally, you might get yourself registered with traders' Sentiment so the system can inform you if a certain percentage of traders ( Buyers or Sellers) reaches a preset level that matters to you.
I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in plus500, It's kinda easy and you can see a structured cash flow and other financial related reports.
Follow this path:
plus500 offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.
Finally, Research & Education
Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
plus500 education is not that comprehensive. You will get a demo account and sufficient balance to begin practicing.
The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients.
When it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
The charts and charting feature is pretty good. You can use almost 107 technical analysis. Please bear in mind that this broker does not offer the following:
• Trading ideas
• Fundamental data
After careful evaluation, we believe plus500 is among top-tier online brokers, especially when it comes to trading CFD and forex in 2020.
Couple of reasons could be it's regulation and being listed in stock exchange that makes it safer to trade. Also it is regulated by several financial authorities globally.
Good thing is that plus500's trading fees on forex and stock index CFD are low, and they allow you to withdraw for free and 5 times a month, In fact it's done pretty fast. No need to talk about the fully automated account opening process which is a great joy.
On the negative side, plus500 is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe. They charge you inactivity fee and do not offer that much of educational materials
Best Online broker for CFD, Forex (Great User Experience)