Coinbase Trading Platform Review can try their hand at trading by opening a free, unlimited demo account. This account can be used on all devices with no need to contact customer support or clear the demo history. Plus500 also offers mobile apps with all the tools and features available on the web platform, including multi-chart views and trade management. A new feature for the apps is a guaranteed stop loss order that closes your trade at a pre-set level, however this does come with an increase in spread. Traders can also set alerts to be notified when the market reaches a certain level or changes by a specified percentage amount.

Pros and Cons of Trading with Plus500

The proprietary WebTrader platform is clean and well designed, with the focus on simplicity for newer traders. However, it does not offer more advanced tools such as a customizable interface or the ability to incorporate third-party analytical and automation platforms. This makes it less suitable for traders who prefer more advanced tools or for those looking to diversify their trading by incorporating CFDs into a more diverse portfolio. Unlike some other brokers, Plus500 also does not offer MT4 or auto-trading which may be a drawback for some traders. Overall, though, the wide range of markets, low costs and easy access to trading make this a good broker for traders who are already familiar with CFDs and want a simple and straightforward online trading platform.