Plus500: CFD Trading Platform

Plus500 is a contracts for difference (CFD) broker that offers traders the opportunity to speculate on the prices of stocks, indices, forex, and cryptocurrencies. CFDs allow traders to engage in price speculation without actually owning the underlying asset. This trading approach allows for significant leverage application and the ability to take short positions, providing an advantage as most cryptocurrency trading services lack the provision for short positions. As of 2017, Plus500 boasted more than 317,000 active customers and is regulated by the Security Market Commission of Cyprus.

Plus500's leverage capabilities are extensive, with non-professional customers having access to 1:30 leverage and professional customers enjoying 1:300 leverage.

The platform offers a selection of ten cryptocurrency products, a slightly lower number compared to its competitors. These products encompass major cryptocurrencies that are traded against the USD price.

Regarding fees, Plus500 does not impose a direct trading fee, instead being compensated through the spread. The spread's value varies depending on the specific product being traded. There are additional fees, including charges for overnight positions, guaranteed stop losses, and inactivity. The overnight fee varies based on the specific trading instrument. Negotiation with Plus500 is required for establishing a guaranteed stop loss, specifying the price and associated fee. If an account remains inactive for three months, a $10 inactivity fee is applied.