The CFD trading company Plus500 was founded in Israel in 2008 by a talented team from the Technion Institute of Technology. Since then, it has gone from strength to strength – despite some rough times (for example, when a few of its UK clients got hit with a near-catastrophic trading loss in 2015).

Traders can open a Plus500 Review account online without needing to visit a physical branch. The opening process is relatively quick and efficient, with document verification and identity verification enhancing security. Traders can also use the platform through mobile apps for additional convenience and flexibility.

Plus500 Review: Is It a Reliable Trading Platform

As with all CFD brokers, Plus500 profits mainly from spreads (the gap between the bid and offer prices for an asset) rather than commissions on trades. However, there are some fees that do apply based on your trading activity, including currency conversion fees and guaranteed stop-loss orders which vary by instrument and size.

Plus500 also puts a strong emphasis on security and offers compensation in the event of technical issues. Funds are held in segregated accounts and the WebTrader platform uses advanced encryption methods to protect client data. The broker also takes care to update the website in line with latest industry security protocols. In addition, users of the Professional account qualify for money protection through the Financial Ombudsman Service.

The WebTrader platform is well-suited to casual traders and includes both pre-defined and custom watchlists, as well as a range of tools to help with analysis. In addition, the broker offers weekly webinars that delve into market trends and technical analysis.