Established in 2008, is a Plus500 good for day trading broker that operates worldwide with headquarters in Israel. It has a robust reputation amongst traders, especially in regions like Australia, Singapore, and Europe where it has built up a strong presence. It is listed on the London Stock Exchange, and is regulated by reputable regulatory bodies including the FCA (UK), MAS (Singapore), FMA (New Zealand), and FSCA (South Africa).
The platform offers a variety of trading tools and resources to support beginners. The company also invests heavily in educational materials. Its in-house Trading Academy and Corellian Academy provide a diverse range of content and video webinars.
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In addition, Plus500 is committed to transparency and accountability. Its website features a dedicated Fees page which breaks down all the costs involved with trading with the company. The platform doesn’t charge inactivity fees, account closing fees, or a live data fee, but there are deposit and withdrawal charges as well as a currency conversion fee for trades executed on instruments that aren’t in the base currency of the client’s account.
Traders can choose from two account types: Standard and Professional, but both offer the same fee structure. Unlike other brokers that restrict pattern day trading, Plus500 doesn’t explicitly prohibit it, but it is important to understand the rules and regulations of your local jurisdiction. In addition, it’s crucial to familiarize yourself with the risks associated with CFD trading and leverage, which can amplify both profits and losses.