Plus500 was founded in 2008 and has subsidiaries in Australia, UK, Singapore and Cyprus. In addition, the CFD provider maintains a high reputation within trading communities, being licensed under the FCA, ASIC, and CySEC.
Is Plus500 Available In Australia?
Yes, Plus500 is available in Australia – check their homepage here. (CFD Service. Your capital is at risk)
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.
You can pick from two types of accounts, 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 $100 to get started with a live account.
Plus500 offers leverage up to 1:300. If you are interested in this CFD provider, here is a Plus500 review.
You can fund your live account using payment methods like credit cards, bank wire transfer, PayPal, or Skrill.
A good example for this is sponsorship of the 2017 Super Rugby Australian Conference Champions.
Even more, according to a survey done by the Investment Trends 2017 Australia CFD Report (over 12,000 traders), plus500 is the #1 Mobile CFD Platform.
The design and layout of this CFD provider is highly intuitive and user-friendly and feature some of the most comprehensive technical analysis software of any CFD provider.
One can refer multiple markets on the same screen and access quotes of trading assets in real time.
On Plus500 you can trade following kind of CFDs:
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.
What’s more, the CFD provider offers multiple versions of the platform:
- there is the app version designed to work with your Android or iOS devices. It is even compatible with your Apple watch.
Plus500 has extremely tight security measures. Plus500 has following licenses: Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Being licensed by these authorities is a good sign compared to all scam CFD providers that are not licensed at all.
As far as trading in Australia goes, there is very little that would deter you from opening an account with Plus500.
Likewise, its state-of-the-art trading platform combined with highly efficient customer support and reliable security measure makes it an obvious choice for traders.
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?