Review, determine, and analyze if the broker Plus500 is good for beginners. Catering to new & experienced traders, Plus500 is renowned for ease-of-use, simplicity, high-trust, and integrated market tools. This beginner-friendly functionality helps to minimize steep learning curves, improve confidence, and drive profitability.
Plus500 is a CFD broker offering access to the forex, stocks, commodities and other major markets. For beginners, you can get started without buying/selling the underlying asset. Plus, the broker has released new functionality with +Insights to reveal special market data to their clients.
This broker is known for:
- CFD trading on 2800+ instruments
- USA regulated investments and futures trading
- Social or market data with +Insights
- Educational resources for beginners
> As a beginner yourself, leverage Plus500’s simplified platform, user-friendly capabilities, educational content, and intuitive functionality to accelerate your journey & streamline the onboarding experience.
Read on to learn if Plus500 good for beginners to start online FX and CFD trading.
Is Plus500 Safe For Beginners?
Plus500 is a regulated platform for beginners. Your money is safe and segregated from company funds. The broker is legit and regulated by many entities globally. However, many beginners lose money. You can find many negative complaints and scam accusations on Plus500. In one case, a client lost $25,000 in 20 minutes due to the close button not working. For beginners, you should not risk any money that you cannot afford to lose. When trading complex products with leverage, you are likely to lose money. To trade with Plus500 safely, you should understand your deposit amount, trading budget, and risk management. This way, you will not be a beginner who loses all their money on the first trade and complain that Plus500 is a scam.
Is Plus 500 Available In The US?
Plus500 US is regulated in the United States of America. The two regulatory agencies are the CFTC and NFA, which are both recognized as tier 1 oversight globally. The broker is regulated through the subsidy, Cunningham Commodities, LLC dba Plus500. You can find the registration with:
- US Commodity Futures Trading Commission
- National Futures Association
These regulators ensure that Plus500 has segregated funds and no compensation schemes. However, under the CFTC and NFA, there is no negative balance protection available. Plus500 US does have auto-liquidation to potentially prevent a negative balance from trading activities.
Where Is Plus500 Regulated For Beginners?
In addition, the P500 broker is regulated by more than 10 countries and licenses. Many of these regulators are tier 1 agencies. Currently, you can find Plus500 subsidiaries regulated by the following entities:
- United Kingdom – Financial Conduct Authority (FRN509909)
- Cyprus – CySEC (License No. 250/14)
- Australia – ASIC (#417727)
- Singapore – MAS (CMS100648-1)
- Israel – Licensed Trading Platform
- Seychelles – Financial Services Authority (No. SD039)
- Estonia – EFSRA (No. 4.1-1/18)
- Dubai – DFSA (F005651)
- Japan – Financial Services Agency (Lic No 156)
For European accounts and other specific countries globally, some regulators offer negative balance protection and segregated account funds. These regulations and compliance requirements are designed to protect beginners.
Beginner-Friendly Plus500 Platforms and Tools
First, discover the trading platforms and tools Plus500 offers you as a beginner trader. Plus500 provides you with a user-friendly trading platform for web or mobile devices. You can access them through your web browser or download them in the Play Store for Android devices or App Store for iOS devices. Open, maintain positions, and trade with no complications using Plus500’s uncluttered platform. Plus, benefit from the wide variety of technical and analytical tools for day trading and technical trading, such as Bollinger Bands, Moving Averages, and RSI. Additionally, monitor constantly and get notified via email and SMS alerts, which keeps you updated on price changes and market segments even offline.
On the other hand, the broker does not support cutting-edge trading platform such as MetaTrader 4, MeTrader 5, or cTrader. Moreover, Plus500 does not offer automated trading capabilities, which does not allow you to leverage algorithmic trading strategies. Indeed, Plus500 provides easy-to-use trading platforms and tools for new traders.
Plus500 Different Asset Types
Explore Plus500 different asset types for beginners to start trading. Plus500 offers 2800+ trading assets, including Shares, ETFs, Forex, Indices, cryptocurrency, Options and Commodities. You can choose from Plus500’s wide range of asset classes to start your trading journey. With their platform, you can also trade the most actively traded CFD shares. Review the most traded assets based on the classes:
1. Forex – Currencies such as USD, EUR, GBP, JPY, CHF and CAD.
2. Cryptocurrencies – Cryptocurrencies include Bitcoin, Ethereum, the Crypto 10 Index, Litecoin, and many more.
3. Commodities – Assets such as Oil, Natural Gas, Gold, and Corn.
4. Shares – Trade publicly listed companies shares such as Apple, Tesla, and Facebook.
5. Indices – FTSE 100 and NIKKEI 225
With the Plus500 platform, you can learn effective asset selection through their educational materials. Surely, select from different asset types to trade on the Plus500 platform.
Trading Fees and Charges
Analyzing fees, conditions, costs, and charges can help you determine if Plus500 is good for beginners. Overall, Plus500’s brokerage fees and terms for beginners are fairly competitive.
Here are some of the broker’s notable charges at a glance:
- Forex Fees: Spreads Ranging From 1.2 – 3.0
- CFD Fees: Ranging From $4.30 To $18.00
- Futures Fees: $4.90 On US Micro eMini Stock Index Futures
- Withdrawal Fee: $0 (May Increase On Certain Trades)
- Inactivity Fee: $10 Per Month (After 90 Days Inactive)
- Conversion Fee: Up To 0.7%
> Keep in mind, Plus500’s fees and conditions are subject to change throughout your live trading journey. Regularly inspect charges to protect your profits and access real-time, unbiased data.
Factor fees, expenses, and costs into your is Plus500 beginner-friendly evaluation.
Education Resources & Content For Beginners
Review Plus500’s educational resources, tools, and content for beginner traders. The broker’s online trading academy features supportive content to strengthen performance, refine your skills, and improve platform confidence. Leverage expert “how-to” videos, comprehensive trading fundamentals guides, free webinars, and market analysis sessions to empower your strategy. This educational content delivers powerful insights on economic market terminology, signals, forex CFDs, alerts, and currency pairs.
Leverage Plus500’s growing content library for detailed guides on:
- Trading Basics For Beginners
- How To Choose Trading Markets
- Practicing Trading As A Beginner
- Developing A Trading Plan & Strategy
- When To Consider Forex CFDs
- How To Leverage Fundamental & Technical Analysis
- Copy, News, Mirror, And Social Trading
- Financial Terms Every Trader Should Know
Carefully analyze educational resources and learning content to determine if Plus500 is good for beginners.
Is Plus500 Safe for Beginner Traders?
Before you start trading, evaluate if Plus500 is good for beginners. The platform supports advanced educational resources – designed to encourage beginners to trade safely. You’ll learn a proactive approach to use high leverage products safely and protect your account from unexpected losses. With Plus500, you can also find additional training resources that focus on safe trading practices, including:
- Interactive Courses With Quizzes, Assessments, and Feedbacks
- Educational Videos and eBooks To Get Familiar With FInancial Markets
- Webinars, Written Articles, and Comprehensive Guides.
>> If you’re an absolute beginner, take advantage of these resources to adopt safe trading practices.
Additionally, you can also open a demo account to practice in a risk-free environment before switching to live markets. Ultimately, these demo sessions can prepare you to trade safely with real money in live market conditions. Definitely, Pluus500 is a safe brokerage platform for beginner traders.
