Plus500 Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Plus500 trading signals. You will learn what kinds of trading signals Plus500 offers and what the conditions for using them are.
Short introduction of Plus500
Plus500 is an international fintech holding that offers CFD and options trading worldwide through its network of branches, as well as futures trading in the U.S. The company was established in 2008 in the United Kingdom. It is regulated by the FCA, as well as by 9 financial supervisory authorities in other countries, such as CySEC (Cyprus), ASIC (Australia), MAS (Singapore), FSCA (South Africa), among others. Plus500 is listed on the London Stock Exchange (ticker: PLUS) and is part of the companies that make up the FTSE 250 stock index. Plus500 is a reliable intermediary for accessing financial markets, used by over 25 million traders worldwide.
| 💰 Account currency: | CAD, USD, EUR, GBP, CHF, AUD, SGD, JPY, PLN, HUF, TRY, SEK, CZK, NOK, ZAR |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:30 or up to 1:300 |
| 💱 Spread: | From 0.8 pips |
| 🔧 Instruments: | Forex, CFDs on stocks, cryptocurrencies, indices and commodities, real stocks (not available for all countries), futures (for U.S. residents only), options, ETFs |
| 💹 Margin Call / Stop Out: | N/A |
Plus500 Pros and Cons
👍 Advantages of trading with Plus500:
•Multi-regulation — licensed in 10 countries;
•Wide range of trading instruments — over 2800;
•Highly functional trading platforms — browser and mobile versions;
•Transparent pricing model — all trading costs for the trader are included in the spread;
•Automatic adjustment of trading conditions to meet regulatory requirements;
•Provision of educational content, free analytics, and demo accounts;
•Customizable trading alerts — both on the platform and through external communication channels.
👎 Disadvantages of Plus500:
•Lack of Micro or Cent-type accounts in its account lineup, which allow trading with minimal risks and investments;
•The Plus500 platform does not support automated trading;
•Some popular trader strategies are prohibited.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Plus500 Trading Signals
Plus500 includes its trading fees in the spread, without charging other trading fees. If a trader sets a guaranteed stop order for a new position, the spread on it will be higher than without using the risk management function. After three months of inactivity, a $10 fee is deducted, and this fee recurs monthly for continued account dormancy. Plus500 does not charge incoming payments (deposits). Withdrawal fees are zero if a trader requests over $300 to a card/bank account or over $50 to an e-wallet. For withdrawals of smaller amounts, there's a $10 fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| User | From $8 | Broker fee $0 or $10 (depending on withdrawal amount) + payment system/bank fee |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Plus500 does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.