Plus500 Platform Review
Review of Kraken offers its users a secure and user-friendly trading experience, thanks to the fact that it is a web-based brokerage with no need for downloadable software or additional hardware. It is also available in over 32 languages and has an intuitive design, making it easy for users to navigate through the platform. The Crypto CFD section is conveniently located on the drop-down menu under instruments as well as a clickable section on the homepage, and the broker allows traders to trade all major cryptocurrencies.
Plus500 Trading Features: A Comprehensive Overview
There are no fees or commissions charged by Plus500, and traders only pay a spread for each trade they make, which is a common practice among CFD brokers. This makes it a more cost-efficient way to invest money than buying physical assets. Furthermore, a trader’s profit or loss is directly linked to the price of the asset they are betting on, which provides more transparency for their investments.
The platform also includes several advanced tools to help traders research the market and develop their trading strategies. The backtesting feature enables traders to test their systems against historical data, and the news feed features a constant stream of market news. Additionally, the platform provides a dynamic chart that can be sized and expanded to full-screen mode for enhanced visibility.
Plus500’s account opening process is efficient, user-friendly, and requires identity verification for the sake of security. The broker also provides numerous funding options, including bank wires and credit/debit cards. Traders can also deposit and withdraw funds using their mobile apps.