Summary: Plus500 Australia is a good trading platform for advanced investors looking to make the most of advanced products like CFDs, Options and leverage. The online broker is one of the most popular in the world, boasting over 22 million users and $800 billion in transactions.
One of the major downsides of Plus500 Australia is that they do not offer extensive crypto trading prdocuts. At time of writing, they only have 17 cryptocurrencies to trade with up to 20x leverage.
Plus500 Australia Highlights
- Trade over 2,800 Stocks, ETFs, Commodities and Forex.
- No commissions on trades and tight spreads within industry standards.
- Access to leverage of up to 1:20 on your accounts.
What is Plus500 Australia?
Plus500 is a great choice for Australian traders looking for a user-friendly CFD trading platform with a wide range of assets. The platform is safe and secure, and it offers a variety of features that make it perfect for both beginner and experienced traders. Plus500 also has a low minimum deposit requirement, making it accessible to traders of all levels.
The Plus500 Australia platform offers users the ability to trade on a wide variety of assets, including forex, cryptocurrencies, stocks, indices, commodities, and more. . Plus500 is also a regulated broker under ASIC and AUSTRAC, which means that it is held to high standards of safety and security.
Plus500 does not directly charge any fees on their trading platform, irrespective of what market you are trading. All available trading instruments are completely free of charge.
However, Plus500 does derive a fee from the 'spreads' in the price quotes. This means stocks or crypto will be a little more expensive to buy, or cheaper to sell when you go to execute the trade. This additional buffer is the 'spread' and is where Plus500 makes their money.
Available Account Types
One of the great things about Plus500 is that it offers a free demo account. This is a great way to try out the platform and get a feel for how it works before you deposit any money. Plus500 also has a low minimum deposit requirement, so it's accessible to traders of all levels.
In addition to a demo account, Plus500 offers a variety of account types, including a regular trading account and a VIP account. The different account types offer different perks, such as lower fees and higher leverage.
Plus500 Available Assets
Plus500 allows users to trade the widest variety of investment instruments which includes:
- Cryptocurrencies (Bitcoin, Ethereum, Solana etc)
Is Plus500 Safe?
Plus500 is a globally recognised trading platform that is authorised by the highest-tier financial regulators around the world including Australia, Singapore and the United States. They are a safe and well-respected exchange to trade and invest in financial markets.
Plus500 AUD Deposit Options
The Plus500 platform is widely regarded for their diversity in fiat deposit options, including for Australian Dollars (AUD). With Plus500 you can deposit funds via Bank Transfer, PayID/Osko, POLi, PayPal, Debit Card or even a Credit Card.
Their AUD deposits are typically completed instantly, or within the first 24 hours. If it has been over 24 hours, generally the problem is with the bank you are sending the AUD from.
Plus500 Australia offers 17 Cryptocurrency pairs to trade on their brokerage platform. They are now relatively quick to list new coins with deep liquidity and have added some prominent DeFi and GameFi names to their currency list.
Plus500 Australia's current list of cryptos are:
- Bitcoin Cash
- Axie Infinity
- Crypto 10 Index
Is Plus500 Good for Beginners?
Yes - Plus500 is a great trading platform for beginners in Australia thanks to their Demo Account type. You can invest with up to $100,000 AUD in a virtual trading environment to test your skills against the open market. We highly recommend leveraging this feature if you are a newbie to markets.
There has never been volatility like there is in 2022, so be sure to take your time when practicing taking risk in markets.