Plus500 Mobile Trading App Review
Plus500’s mobile CFD trading app is a platform most users appreciate. The feedback concerning the features and the utility of the Android- and iOS versions is great.
Our first impressions of the app were similarly positive. Plus500’s mobile app:
- Downloads and installs quickly. It makes your phone its home within seconds.
- Its dashboard is simple and intuitive.
- It comes in a unlimited demo version, allowing you to put it to the test.
- It delivers on all of its promises.
- Switching to real money is a matter of a click.
- The app does not misfire following periods of inactivity.
What Exactly Does the Plus500 Mobile App Promise?
The selection of assets users can trade trough the app is amazing. It supports options, commodities, indices, cryptocurrencies(Availability subject to regulation), fiat currency pairs, shares, and commodity ETFs. Special mini indices, such as the Crypto 10 index, are also parts of the package. Plus500’s Exclusive Trading Instruments also include Exchange traded options (listed options) and indices like AI Index, ESG and Impact Indices. Through such indices, users gain great exposure to various market segments.
All of the featured assets can be traded via CFDs. Leverage is available for those with a bigger appetite for risk.
As far as cryptocurrencies(Availability subject to regulation) go, the Plus500 app supports 19 crypto instruments including a Crypto 10 Index and ETHBTC pair.
The app features an impressive number of technical indicators, which are simple and quick to apply. When you apply an indicator to a chart, it will stick around on all charts that you pull up afterward. You need to remove it to get rid of it.
Opening a Position Through the Plus500 Mobile App
The dashboard of the app features several popular assets. In the lower half of the screen, there is a chart, showcasing the price evolution of the selected asset. If you want to add technical indicators to the chart and draw trend lines, simply rotate your phone to landscape mode. The app allows you to select chart-type, add indicators, draw, and select time frames for analysis.
Whatever you do in landscape mode remains visible when you return to portrait mode. In the top right corner of the dashboard, there is a search icon. Click it, and seek out the asset of your choice.
Select it and do your technical/fundamental analysis on it. Once you are sure of the direction of your trade, hit the Buy or the Sell button. You can do this directly on the chart. You can also trade from the dashboard. Select your trading amount, double-check the required margin and set your Take Profit and Stop Loss. You can also set Trailing Stops. Hit Buy or Sell and you are done.
You can manage your Open and Closed positions through the menu in the top left corner of the dashboard.
Special Features
Besides superb technical analysis tools, the Plus500 mobile app also provides a handy trading sentiment indicator. This indicator is visible when you are opening a position. This way, you can take it into account together with your TA, before committing to a trade.
The sentiment indicator tells you how other users trade the same asset. Plus500 covers TA through the superb selection of technical indicators it offers.
For your fundamental analysis needs, it offers a handy Economic Calendar. You can access this calendar through the main menu button as well.
At the bottom of the screen, the main menu gives you a handy overview of your account. This section contains information on your balance, equity, margin, and Profit/Loss situation. It updates in real-time.
The app lets you set trade alerts as well.
Other special features include real-time trading alerts on:
– Price alerts
– Change % (daily or hourly)
– Traders’ Sentiment alerts
User Feedback
As mentioned, the user feedback concerning the Plus500 mobile app is positive. People appreciate the Demo account. Some have complained about the chart setup, which they deemed too convoluted.
As with any such solution, there are some complaints about the app. At least one user thinks the app is slow to update. Others have not been impressed by the capabilities of the platform.
The free withdrawal feature is a major hit with everyone, however. Start trading with the Plus500 mobile Trading App now.
The latest iteration of the Android version of the Plus500 mobile app has delivered a redesigned main trading screen. Users can now also resize the chart by dragging on its borders. These additions have not significantly impacted the user experience the app offers.
Some users have recently complained that trade execution speed have somewhat slowed down. It may take 2-3 seconds to execute a trade, which is indeed a little slow. During our tests, the app did not drag its feet during execution, so we cannot confirm that issue.
The user interface of the iOS version of the app has been improved as well. iPad users can now enjoy full-screen charting. Trailing stops are now graphically implemented on the charts.
If you are going to “peddle” a directive about , you could at least show some bloody knowledge of it. Just so you know the latest directive was supposed to strengthen protections for consumers . One of the requirements was that a firm must take all appropriate steps to identify and to prevent or manage conflicts of interests. With Plus500 , there whole operation is set up to ensure there is a conflict of interest where they can gain financially or avoid a financial loss. The preventative steps Plus500 adopted was to lie about it. Thankfully, it seems a National Authority quite rightly concluded that Plus500 have mislead in terms of how revenue is generated. Not from spreads as plus500 claim did they conclude, the made and stated a finding the plus500 actually profit from client losses.
So your review is recommending a broker that is not exactly operating within the current rules, misleading people to obscure the fact they profit from client losses and not to mention you are trading on a platform against them on a platform they have complete control off. What is is actually like to be so cognitive dissonant from any sort of morals?
Lastly, must mention that the National Authority also concluded that the user agreement was in breach of consumer law on so many unfair issues that it would take me too long to mention them all. So not alone are you recommending a broker that is in blatant breach of the regulatory rules but recommending a broker that operate and uses as a defense an agreement is in breach of consumer law. What idiot would recommend that, oh yes maybe one that gets paid on a referral basis for promotion would.
Directive about? Seems to be a word missing in your comment there.
Where is it stated that Plus500 mislead in terms? Can you please provide a link?
If a broker was not following the regulators rules how would they be allowed to keep operating?
Isn’t your issue with the regulator?
What is National Authority? Link to this please.
Thank you
Any queries regarding Plus500 or your trading account and dealings with Plus500 must be made to Plus500 Customer Support via their Contact Us page at https://www.plus500.com/en/Help/ContactUs.
hi Julie
your review saved my money thank you so much for your help
You are welcome.
I noticed in your review that you say that Plus500 is a no dealing desk broker. Really a broker who trades off exchange, acting as counterpart to clients trades, obtains prices from their parent company Plus500 Ltd and uses an automatic internal hedging system not with a third party is not a dealing desk broker. It is such a shame you were too busy focused on the emotional characteristics of the complainants that you seemed to have have overlooked your “independent review”, which looks like false advertising.
I see above the social media team of Plus500 have also stopped by. You would think they would have corrected the error since surely they know that misleading advertising is prohibited under both Cysec and FCA rules.
They have corrected it.
Any queries regarding Plus500 or your trading account and dealings with Plus500 must be made to Plus500 Customer Support via their Contact Us page at https://www.plus500.com/en/Help/ContactUs.
Are you joking? Plus500 is terrible. That score is way off the mark. Plus500 close button is greyed out so traders cannot close their trades and they lose their money. Plus500 restrict fully verified traders and ask for more verification and traders cannot manage their trades so results in loss and Plus500 make withdrawal a nightmare. This is so truth. Go read all the real reviews on trustpilot in all then threads. In fact just google Plus500 and do your proper research.
Hello Julie,
In regards to your comment where we ask for additional documentation, we are obligated to verify the authenticity of our client’s identity and other relevant details (such as, but not limited to, registered postal address, payment means ownership) against the requested documents. This is part of our standard due diligence process and is designed for the protection of their privacy and to prevent fraud.
We are aware that there are some negative reviews in Trustpilot however, please consider that such reviews reflect a small percentage of customers and there are also positive comments from satisfied Plus500 customers.
Therefore, in many cases, where a user posts a negative review, we will attempt to rectify or clarify the situation. However, in accordance with our privacy policy and local privacy regulations, we are unable to make further public correspondence with the client. As such, even where the user’s complaint is settled, we are unable to confirm the outcome in a public reply. Furthermore, unfortunately in many cases, where the issue is resolved, users do not post a follow up review to confirm this.
Please take these factors into consideration and, should you wish us to clarify any specific matter, feel free to contact us so that we can make sure to answer any queries you have.
Thank you for your understanding.
Regards,
Plus500 Social Media Team
I can assure you that what I say is from first hand experience with Plus500. After my bad experience with Plus500 I set up a group to help people who had lost money through Plus500 and through no fault of their own. Everyday I’m getting more and more people coming forward. You say trustpilot is a small amount, do you know how many bad reviews are taken down? Plus500 can NOT be sugarcoated anymore. Plus500’s profit is a traders loss and I know from experience how Plus500 work. I hope people read this review and stay away. I’ve stopped many from joining and I’ll continue to review and speak out and hopefully stop many more people falling victim to Plus500. Affiliates sugarcoat and don’t tell the truth, just as bad as Plus500.
How has it been going Julie?