With a variety of trading instruments, including cryptocurrencies and stocks, and over 55 forex pairs to choose from, Plus500’s trading platform provides an extensive range of options. In addition to this, traders can use mobile applications to access the full scope of features on their devices.
In terms of features, Review of Interactive Investor offers a number of innovative tools for both novice and experienced traders. These include a comprehensive economic calendar, which identifies key news releases with market impact, as well as offering the chance to follow instruments that are likely to react negatively or positively. This feature is particularly useful for beginners who are new to trading and want a way to stay on top of the latest developments.
Plus500 Cryptocurrency Trading: What You Should Know
Another great feature is the ability to track prices on any device. With Plus500, traders can set up alerts to be notified of price movements via email, SMS, or push notifications on their phones. These can be set for individual symbols, the overall market, or specific trading strategies. Plus500 also has a variety of chart types, with 13 in total, from bar to point and figure charts, as well as a wide range of indicators (more than on MetaTrader), from Accumulation/Distribution to ZigZag.
As a CFD broker, Plus500 is able to offer low fees. This is due to the fact that it does not charge a commission per trade, but instead makes its revenue through spreads, which are calculated as the difference between the bid and ask prices. However, the firm does charge a currency conversion fee for trades on instruments denominated in a different currency from the account.