Plus500 Forex Review 2025 - How to Trade CFDs on Forex with Plus500

 

In the past few years, Plus500 has emerged as a reliable and highly recommended forex CFD trading platform for all kinds of traders. This is a detailed review for Plus500 forex CFD trading with the updated information

Note: CFD Service. Your capital is at risk

  

 

Introduction

Lately, trading forex using an online trading platform has become a norm to gain a consistent means of passive income (it should be noted that CFD trading also carries risks and a loss of capital is possible). But unfortunately, not every forex broker is worthy of a trader’s trust as they lie and lock in all of the funds deposited by users, making it unavailable to withdraw. The internet is nowadays littered with different types of forex trading scams. To make the situation even worse, each year the methodology and strategy of such a scam platform keep on changing to attract unsuspecting traders and strip them out of their hard-earned money.

Fortunately, there are still genuine and trustworthy companies working hard in this sector to create a balance. One such company is Plus500 AU Pty Ltd which is registered and licensed by the Australian regulatory agency Australian Securities and Investments Commission (ASIC). The Company is owned by Plus500 Ltd which is a unique and legit CFD platform that offers its users the opportunity to trade contract-for-difference of various financial instruments that include forex. Seeing the rising demand in CFD trading, Plus500’s parent company made this platform serve as a genuine and versatile CFD trading platform for those retail and institutional traders who wish to trade CFDs of

• Popular company stocks
• Indices
• Shares
• Commodities
• Options
• Exchange-traded funds
• Cryptocurrencies (Bitcoin, Ethereum, and Litecoin)
• And Forex.

 

 

How to Trade CFDs on Forex with Plus500

If you have decided to trade forex CFDs then the Plus500 forex platform is one of the market leaders to do so whether you have some experience in leveraged trading or not. This versatile CFD platform showcases some of the best-in-class functionalities, features, and add-ons such as various technical analysis tools, charting software, real-time price feed that helps a trader and solve any problem they might face while trading.

Below are some reasons why millions of people recommend trading forex CFDs on Plus500:

• Plus500 users are allotted 24-hour CFD trading of chosen forex pairs starting from 8 AM AEST on Monday till 4 PM EDT on Friday.
• Plus500 offers different types of popularly traded currency pairs for users interested in forex CFD trading. These currency pairs include the top-traded currency pairs of the market such as EUR/USD, GBP/USD, and USD/JPY
• On Plus500, forex traders are free to utilise a variety of integrated intuitive indicators and keep an eye on every single price movement no matter how small through their charting tool, trademark dashboard, and an economic calendar.

 

To trade forex CFDs on Plus500, one should be aware of how the contract for difference works. CFD trading means speculating on the price movements of an asset type, or in this case a currency pair. To trade leveraged forex CFDs you must go through the following process:

 

Disclaimer: Illustrative prices

Plus500 Webtrader

 

 

Understanding how CFDs on Forex work

Forex trading means you exchange a certain foreign currency for an amount of one currency against another. To simplify a bit further, if you buy EUR/USD, then you profit if the euro appreciated against the US dollar and lose in the opposite situation. But in the case of forex CFDs which are cash-settled, you can place leveraged trades on your preferred forex pairs to speculate on the price movement of the underlying asset rather than the base currency.

 

 

Examining CFDs on Forex

The in-depth knowledge of the underlying forex market is critical if one has made up his mind about trading forex CFDs using a specialised CFD provider like Plus500 forex. To most first-timers, CFDs seem like an alternative option of forex trading but it is much more than that. Examining forex CFDs and how various political, economic, and technical events influence their market should be the first step of forex CFD traders.

 

 

Risk management in CFD trading

Before choosing to trade a derivative product like leveraged CFDs, people should be aware of the risks that come with it. In simple terms, trading forex CFDs can be riskier than trading forex because traders are more exposed in the case of CFDs. An advantage that Plus500 forex CFD traders get is its versatile risk management tools namely Close at Profit, Guaranteed Stop, Close at Loss, and Trailing stop.

 

 

Plus500 Forex Pairs and Leverage

The all-in-one CFD platform of Plus500 was created to serve different types of traders and help them out to master the art of CFD trading using the platform’s uniquely designed tools and options. Apart from supporting nothing less than 2800 different types of financial assets, the Plus500 forex CFDs list comprises 70 of the most popular currency pairs. The choices of Plus500 forex currency pairs can be carefully observed with the help of an unlimited and risk-free demo account. For simplification, the platform allows only one type of standard trading account with a low minimum investment requirement.

The special demo account gives you access to the entire interface of the Plus500 platform with a wide range of educational resources meant for easy comprehension. Utilising their demo account, one can find how easy to understand and yet adventurous it is to trade with Plus500 forex CFDs. Plus500 platform is one of the leading CFD providers that offers the lowest spreads and maximum leverage to its user base. All you have to do is research well and get accustomed to placing leveraged trades on your favourite currency pairs using the demo account.

 

 

Plus500 Advanced Trading Tools

The reason why Plus500 continues to add tens of thousands of new users to its user base is its state-of-the-art trading platform which is completed with a plethora of helpful as well as innovative trading tools and indicators. These tools are suitable for traders who trust fundamental analysis just as those who tend to follow technical analysis. Some more details regarding the trading tools are as follows;

• Plus500 has some of the most effective fundamental analysis tools to help traders keep an eye on the wider economic variables influencing the forex market and make the right decision at the exact moment. There is a regularly updated economic calendar designed by Plus500 to determine the cause and effect of various upcoming events on financial instruments.
• For real-time alerts, traders can simply create an alert that informs them regarding any price changes occurring on an hourly or daily basis. These alerts also carry information about traders’ sentiments in percentage that confirms how many traders have been buying/selling a particular fx pair.
• As mentioned earlier, the four risk management tools make users' trading experience simple yet powerful. The Close at Profit Stop at Loss orders is easy to add on different trades while opening a new position or while editing opened positions. Through this option, trading positions are closed when the trader makes a profit or loss. This is a free-of-charge option that allows a trader to make profits and limit losses.
• Plus500 also has a unique Guaranteed Stop that can be placed on new trading positions or pending orders to handle potential loss if the price of an instrument changes drastically against your expectations. This option controls risks by applying extra spread.
• There is also a Trailing Stop feature that helps traders in automated trading. Once a trailing stop is placed on a position or an order, it automatically amends Close at Loss price. The Close at Loss order placed through a trailing stop is auto-updated to move in your favour.

 

 

Basic Forex Trading Strategies and Indicators

When it comes to forex trading, every outcome whether good or bad depends on the trading strategy applied. By forex trading strategy, we mean a plan of action based on experience and knowledge regarding the forex market. Trading strategies help you make the right decisions by following an ideal course of action and maximise your earning potential (risk warning: in case of unsuccessful trading you will make losses). Plus500 forex CFD platform is an ideal place to apply and work with three top trading strategies which are;

 

Position trading

Preferred by traders who aim for a medium-term holding strategy, position trading focuses on fundamental analysis and allows traders to wait for weeks until an instrument reaches a particular level before assuming a long or short position.

 

Day trading

For those who trade based on short-term fluctuations happening in the market, follow this trading strategy and apply it to multiple traders held for a relatively short time. Plus500 platform’s innovative risk management tools come to the rescue of those who delve into day trading. With the volatile nature of financial markets, it is advised to day trade carefully.

 

 

Plus500 Trading Platform

By paying the minimum investment amount, one could take advantage of the various financial services and the extensive brokerage portfolio offered by Plus500. The trading platform can be easily downloaded from their official site. Plus500 trading platform supports WebTrader which is an in-browser trader. Plus500 trading platform is also available for the convenience of smartphone users as a perfectly capable app that is compatible with both Android and iOS devices. However, professional traders might miss the absence of MetaTrader 4 on Plus500 but the company promises that its web-based trading services are unmatched by any other existing forex trading platform.

  

Note: CFD Service. Your capital is at risk

 

Frequently Asked Questions

1. Is Plus500 good for forex?

Yes, the Plus500 platform is good enough for forex CFD trading if one is comfortable with leveraged trading.

2. How to Choose the Best Currency Pair to Trade?

Plus500 offers an ideal demo account at zero costs which can be thoroughly used as any trading account to find the best currency pair along with a compatible trading strategy.

3. Does Plus500 use MetaTrader?

Unfortunately Plus500 does not currently support or utilise MetaTrader but instead of MT4, Plus500 has WebTrader for web-based trading.