Plus500 vs. others?

Hi everyone, I am thinking of opening an account with Plus 500. What are the pros/cons, key differentiating features vs. other online brokers? Looks like Plus charges no commission.

Any feedback from previous / current users would be very helpful. Thanks in advance

susie.reed14 said:

Hi everyone, I am thinking of opening an account with Plus 500. What are the pros/cons, key differentiating features vs. other online brokers? Looks like Plus charges no commission.

Any feedback from previous / current users would be very helpful. Thanks in advance

Click to expand...

Note that US citizens are out of reach for 95% brokers. Plus 500 isn't exception. You can still open account with themat your own risk, but if there is some legal problem, probably, there'll be nobody able to lend a helping hand to rescue you and your funds from financial trouble.

susie.reed14 said:

Hi everyone, I am thinking of opening an account with Plus 500. What are the pros/cons, key differentiating features vs. other online brokers? Looks like Plus charges no commission.

Any feedback from previous / current users would be very helpful. Thanks in advance

Click to expand...

They charge no commission, but be careful – they’ll be making their money in other ways. It will be built in to the spread, and you might not get the price you want, i.e. slippage and re-quotes on exit. They have to make their £ somewhere! Once all is factored in, it’s probably more expensive but it’s hard to work out as it won’t be transparent.

Look for a DMA provider if you can. At least then you know what you’re getting.

Hi,
Good to know that about Plus500, Thank you all.