Plus500 is a broker that focuses primarily on CFD trades. It was founded in 2008 and is based in Sydney, Australia. It also maintains a high reputation within trading communities being regulated under the FCA, ASIC, and CySEC.
Is Plus500 Available In Australia?
Yes, Plus500 is available in Australia – check their homepage here
Plus500 is now one of the most lucrative CFD providers in the island continent. Much of it is down to its trading platform which is immensely powerful and easy to use.
There are two types of accounts available, a live account and a demo account. The demo account is available at no cost at all and will give traders much-needed insight and experience in executing trades with Plus500.
Meanwhile, you will need to make a minimum initial deposit of 500 Australian dollars to get started with a live account.
Plus500 offers leverage up to 1:300. If you are interested in this broker, here is a Plus500 review.
You can fund your live account using payment methods like credit cards, bank wire transfer, PayPal, or Skrill.
The Plus500 trading platform is instantly recognizable and tremendous to play on. The design and layout are highly intuitive and user-friendly and feature some of the most comprehensive technical analysis software of any broker.
One can refer multiple markets on the same screen and access quotes of trading assets in real time. Although known primarily as a CFD broker, Plus500 also offers other trading instruments like forex, stocks. Commodities, indexes, and ETFs.
The list of details keeps going on and on. And yet, it manages to contain this much substance and content in its trading platform while remaining relatively simple to use even for novice traders.
What’s more, there are multiple versions of the platform. There is the downloadable version for use on your personal computer and there is the app version designed to work with your Android or iOS devices. It is even compatible with your Apple watch.
Plus500 would not be as reputed as it is without extremely tight security measures. With licenses from finance agencies like the FCA, ASIC, and CySEC, the network is considered to be highly reliable and safe.
To obtain a license from any one of the aforementioned authorities, a broker must develop its services to a very high standard, one that many others have fallen short of.
Being licensed by these authorities also gives the green light to new traders who may be uncertain of how to pick scam brokers from authentic ones. In that respect, Plus500 represents virtually no risk at all.
As far as trading in Australia goes, there is very little that would deter you from opening an account with Plus500. Its state-of-the-art trading platform combined with highly efficient customer support and reliable security measure makes it an obvious choice for traders, both novices and the experienced.
The only real downside is the lack of communication by telephone and being completely off-limits to traders in the United States. But hey, that is nothing for an Aussie with a stable internet connection to worry about, is it?