Plus500 gold account trading options

Plus500 is an online trading platform specialising in forex and CFDs, including shares, commodities, ETFs and more. Since setting up in 2008, they have seen impressive growth – gaining 2 million transactions a month just three years later. With the advent of mobile and tablet technology they have moved away from just PC based trading and set out their stall to be the number one CFD trader in the world, according to their website. This Plus500 gold account review will tell you everything you need to know about this interesting trader that continues to go from strength to strength.

  • Forex and CFD specialist
  • 10 years of successful trading and growth
  • Aim to become top CFD dealer in the world

Info: A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Crypto currencies, Commodities, Options and Indices.
80.6% of retail investor accounts lose money when trading CFDs with this provider.

Forex Highlights

World-recognised and innovative brand

In 2015, Plus500 really started to enter the world stage as a big player, announcing a shirt sponsorship agreement with Atletico Madrid Football Club, a partnership which still exists to this day. With so many La Liga games being broadcast all around the world on a consistent basis, and with their partner club always appearing near the top of their league, this exposure began to show how seriously they were taking their intentions to become a market leader in the forex trading and be the best forex broker in the world.

  • Operates in international markets
  • Global sponsorship deals
  • Large user base
  • Available in many languages

Ratgeberbilder Artikel Demokonto

To further demonstrate and enhance their international capabilities, they also announced a sponsorship deal with the Australian rugby union team the Brumbies in late 2016. This marketing strategy coincided with them hitting a market valuation of one billion dollars on the Alternative Investment Market (AIM) stock exchange, as well as introducing and enhancing their technological platforms to deliver trading capabilities fit for the latest mobile technology and allow investors to manage their stocks, shares, commodities and exchanges wherever they were in the world. They also added an additional security to help their traders, with a guaranteed stop loss function, which exists for when traders are unable to manage their investments at a certain time and can cap how much can be lost at a certain point.

Reduced overnight trading charges

The Plus500 website tells us the gold account will grant you access to be able to trade higher quantities and avoid being hit by the full amount of overnight charges fee you would expect from the standard account. Instead, you will get a 5% discount on overnight fees, which are calculated as the trade size multiplied by the opening rate of the option you went for, multiplied by the percentage of the daily overnight funding rate. While this may not necessarily be much of an issue for those with low investments, you can imagine this could make a significant difference to earnings when larger sums are placed. Given that overnight fees are counted daily, this also means that over, say, a period of a week, the savings will be seen as even more of a bonus. How much the rates laid out in this formula actually are will vary instrument by instrument, so it’s best to fully research what trading options you’re looking to go in for to see just what the Plus500 gold account benefits are for you personally. Plus500 make this information readily available on each instrument’s trading page, by following the link that says ‘details’. It is worth pointing out that you will only be affected by these improvements if you wish to hold overnight positions with your trade, and anything settled on the same day will incur no extra charge from this either way.

Top 3 Forex Broker Comparison

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of 21 Forex Broker Cityindex
Currency pairs 84 Currencies
Max. Lever 1:30
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Minimum deposit € 100
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Currency pairs 50 Currencies
Max. Lever 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.

How do I get the Plus500 gold account upgrade?

The company has recently announced that all standard accounts are being moved over to the Plus500 gold account as a result of so-called ‘system enhancements’ and will include the fact that technology is moving on so quickly it is getting easier by the year to keep on top of trading and access new markets. So, what does this mean for people who want to join today? Will they automatically get the gold account? According to their website, this has not been fully rolled out everywhere just yet, meaning that everyone will only get Plus500 gold account benefits when they sign up for the first time if they ask for it.

  • Easy to upgrade
  • You can change your mind
  • Access to more trading instruments
  • Discount on overnight fees

At the moment, Plus500 say they are ‘gradually’ moving everyone over to the Plus500 gold account, so if you want to take advantage of the benefits of this system it is worth bearing in mind that you may not have access to it straight away. Over time, however, it seems very likely that all new users will automatically be granted a gold account when starting out. If you know that you want to trade with specific instruments you know will benefit from this type of account, it would seem worthwhile doing that as soon as you have signed up and verified everything.

Is it possible to get a Plus500 gold account downgrade?

If you decide to opt in and upgrade, and wish to change your mind later on, this is absolutely fine. Part of the FAQs section on their website has a question dedicated to this exact potential worry, where they state this process is allowed. All you have to do is email them with a request to downgrade your account and the settings in your account will be adjusted accordingly. It is worth bearing in mind that this change may not happen instantly and that most companies usually go by the aim of replying and responding to queries within one working day, so if you don’t notice an instant change there is no obvious reason to worry. Once your changes have been implemented it will then be possible to operate within the limits of a standard account once again. However, if you have open overnight trades and wish to downgrade from the gold account, there is no guarantee you will receive the discounted overnight trading fees, depending on when your request is able to be dealt with. It is usually best to make this sort of request within general business working hours to avoid any complications and uncertainties regarding discounted overnight fees.

Access more markets

As earlier stated, another of the Plus500 gold account benefits is the availability of increased access to different trading instruments, as per the Plus500 website. In general terms, a trading instrument is considered to be any item of financial value that can be traded, which of course includes everything you’d expect to be able to invest in, including cryptocurrencies, foreign exchange currencies, and various commodities. However, there may well be several other options that you won’t be aware of. This Plus500 gold account review highlights the fact that you can have a much greater collection of trading instruments to trade with, which is great to know if you are either looking to opt in to some niche markets or are simply looking to properly diversify your portfolio and not weigh in so much of your capital on just one or two investments. If you find yourself in this position, or you would like to see yourself as being so, opting for the gold account option makes a lot of sense. Particular inroads can also be more easily made quickly in some niche markets before interest really takes off, so the more access you have could really pay off if you already have ideas about exactly what you’re looking to invest your capital in.

Trading with CFDs (Contracts for Difference)

One of the biggest sells Plus500 pride themselves on is the availability of a wide range of CFDs, calling themselves a ‘leading provider’. CFDs are increasingly a mechanism of trading, as it allows you to speculate on price changes as they rise or fall. These could be any basic derivative (where the value of the price change is based on the underlying worth of each asset), including forex and commodities. Plus500 also offer what are called EFTs (Exchange Traded Funds) as part of their CFD availability, which are funds which are tied to securities on the market and can be traded throughout each working day, unlike mutual funds which cannot. The large potential of various tradable assets and funds means that there is a lot to be involved with. This broker comparison suggests that with so many ways to invest and so many users already on their platform, Plus500 is arguably a great place to begin your investment strategy, especially if these options are starting to get you excited about all of these possibilities. Of course, with the ability to downgrade and upgrade as you see fit, there is no reason to feel tied into one account type if you wish to reverse your decision after trying out a strategy.

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The Plus500 gold account: Forex broker comparison

All the reviews of this product seem to suggest that one of the clear reasons for choosing it is the sheer level of accessibility that others don’t always provide. This is exemplified by just how many languages the Plus500 trading platform is available in, for example. If you wanted to get trading in your native language or indeed a second, you can choose from a much larger range than most of their competitors offer, including many other languages than the expected English, German, French, et cetera. You can also carry out your investments in Chinese, Japanese, Bulgarian, Polish, Greek, and many more. Plus500 also offer what are known as fixed spreads – set prices for commodities, options and forex over a certain time period. This usually comes in the form of a day rate and a night rate which could come in handy if you are only able to keep an eye on proceedings a few times each day rather than a few times each hour. With many investors likely to be in the former category rather than the latter, offering this kind of flexibility is again helping Plus500 to demonstrate their capacity to attract a wide audience with varying needs and wants in terms of investment.

  • Platform available in multiple languages
  • Fixed spreads offering
  • Flexible services for wide audience

Try before you buy

When looking at the broker comparison, Plus500 also offers what they call a ‘trading demo account’ to interested investors who want to get used to the platform before they begin. If you are thinking about getting a Plus500 gold account but are wary of investing before you test out their mechanisms, if you wonder how well it will work to access on your phone or have other apprehensions about using a new trading product, a Plus500 demo account is ideal. You can not only discover how to use it on a regular basis, but also trade with various strategies. You can have a go at some new and exciting markets or try niche ones you’ve always been curious about but haven’t yet delved into. This is exactly what the trading demo account exists for and it is well worth checking out. The only discrepancy to be aware of is that live trades will move quicker than they will in a demo account. With that exception the demo account is a great way to get a grounding before you get serious, especially if you’re new to online trading and don’t want to get overwhelmed by how much is going on at once.

1
of 21 Forex Broker Cityindex
Currency pairs 84 Currencies
Max. Lever 1:30
Trading size Mini-Lot
Minimum deposit € 100
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 21 Forex Broker Pepperstone
Currency pairs 70 Currencies
Max. Lever 1:30
Trading size Mini-Lot
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3
of 21 Forex Broker Markets.com
Currency pairs 50 Currencies
Max. Lever 1:30
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Minimum deposit $ 100
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 21 Forex Broker AvaTrade
Currency pairs 47 Currencies
Max. Lever 1:30
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Minimum deposit $ 100
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Risk warning: Capital can be lost. Terms and conditions apply.
5
of 21 Forex Broker Plus500
Currency pairs 61 Currencies
Max. Lever 1:30
Trading size Depends on underlying
Minimum deposit $ 100
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CFD Service. 80.6% lose money
1
of 6 ETF Broker Charles Stanley Direct
ETFs w/ discount
Custody fee 0 GBP
Min. deposit £ 50
Trading from 11,50 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 6 ETF Broker Fidelity
ETFs w/ discount 93
Custody fee 0 GBP
Min. deposit £ 2.500
Trading from 25 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
3
of 6 ETF Broker AJ Bell Youinvest
ETFs w/ discount
Custody fee 0 GBP
Min. deposit £ 0.00
Trading from 1,50 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 6 ETF Broker Bestinvest
ETFs w/ discount 216
Custody fee 0.4% annually
Min. deposit £ 500
Trading from 0 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
5
of 6 ETF Broker DEGIRO
ETFs w/ discount 740
Custody fee 0 GBP
Min. deposit £ 0
Trading from 1,75 GBP + 0,004%
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Risk warning: Capital can be lost. Terms and conditions apply.
1
of 10 Stock Broker Charles Stanley Direct
National fees £ 11,50
Custody fee 0,25%
Intl. fees £ 11,50
Dep. Protection 50,000 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 10 Stock Broker Fidelity
National fees £ 10,00
Custody fee 0,35%
Intl. fees £ 10,00
Dep. Protection 50,000 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
3
of 10 Stock Broker Bestinvest Brokerage
National fees £ 7,50
Custody fee 0,4%
Intl. fees £ 7,50
Dep. Protection 50,000 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 10 Stock Broker DEGIRO
National fees £ 1,75 + 0,004%
Custody fee £ 0,00
Intl. fees 0,50 € + 0,004%
Dep. Protection 20,000 €
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Risk warning: Capital can be lost. Terms and conditions apply.
5
of 10 Stock Broker IG Stock
National fees £ 8,00
Custody fee £ 8,00
Intl. fees 10 EUR
Dep. Protection 50,000 GBP
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Risk warning: Capital can be lost. Terms and conditions apply.
1
of 20 CFD Broker Markets.com
FTSE spread 1.5 Points
Dep. Protection € 20.000
Max. Lever 1:30
Min. deposit £ 100
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 20 CFD Broker AvaTrade
FTSE spread 1.5 Points
Dep. Protection € 50.000
Max. Lever 1:30
Min. deposit € 250
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Risk warning: Capital can be lost. Terms and conditions apply.
3
of 20 CFD Broker Pepperstone
FTSE spread 1 Point
Dep. Protection £ 50000
Max. Lever 1:30
Min. deposit $ 200
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 20 CFD Broker Plus500
FTSE spread Variable
Dep. Protection £ 50.000
Max. Lever 1:30
Min. deposit $/€/£ 100
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CFD Service. 80.6% lose money
5
of 20 CFD Broker City Index
FTSE spread 1.0 Point
Dep. Protection £ 50.000
Max. Lever 1:30
Min. deposit £ 100
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Risk warning: Capital can be lost. Terms and conditions apply.
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of 14 Crypto Broker IG
Crypto currencies 6
Max. Lever 1:2
Min. deposit £ 250
BTC spread 65 points
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 14 Crypto Broker IQ Option
Crypto currencies 13
Max. Lever 1:1
Min. deposit $ 100
BTC spread 6 percent
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Risk warning: Capital can be lost. Terms and conditions apply.
3
of 14 Crypto Broker CC Trader Crypto
Crypto currencies 5
Max. Lever 1:1
Min. deposit € 0
BTC spread 0
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 14 Crypto Broker City Index
Crypto currencies 5
Max. Lever 1:2
Min. deposit £ 0
BTC spread 40
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Risk warning: Capital can be lost. Terms and conditions apply.
5
of 14 Crypto Broker Markets.com
Crypto currencies 5
Max. Lever 1:2
Min. deposit $ 100
BTC spread 140 Points
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Risk warning: Capital can be lost. Terms and conditions apply.
1
of 6 Social Trading Broker ZuluTrade
Underlying assets 0
Dep. Protection 0
Min. deposit € 0
Max. Lever 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.
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of 6 Social Trading Broker eToro
Underlying assets 866
Dep. Protection 50000
Min. deposit $ 200
Max. Lever 1:30
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of 6 Social Trading Broker Ayondo
Underlying assets 90
Dep. Protection 1000000
Min. deposit £ 2000
Max. Lever 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.
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of 6 Social Trading Broker Tradeo
Underlying assets 122
Dep. Protection 20000
Min. deposit £ 250
Max. Lever 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.
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of 6 Social Trading Broker FXTM
Underlying assets 247
Dep. Protection 20000
Min. deposit £ 5
Max. Lever 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.
1
of 9 Spread Betting Broker City Index
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:20
Min. deposit £ 100
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Risk warning: Capital can be lost. Terms and conditions apply.
2
of 9 Spread Betting Broker IG
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 0
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Risk warning: Capital can be lost. Terms and conditions apply.
3
of 9 Spread Betting Broker Core Spreads
FTSE spread 0.8 Points
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 10
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Risk warning: Capital can be lost. Terms and conditions apply.
4
of 9 Spread Betting Broker OANDA
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 0
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Risk warning: Capital can be lost. Terms and conditions apply.
5
of 9 Spread Betting Broker GKFX
FTSE spread 0.9 Points
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 20
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion:

Plus500 gold is the gold standard account

Since Plus500 will be gradually moving all of their standard accounts to gold accounts, you may as well get there early and reap the benefits that come along with having a gold account. When you can access a discount on overnight trading fees, find yourself engaging with interesting new markets and with trading instruments which you can hold overnight, the gold account seems perfect. If you are already on the standard account and want to hold more currencies until the next day morning market openings, especially if you plan to take advantage of both benefits, upgrading to the gold account now makes sense. If you’re still a bit unsure, get a Plus500 trading demo account so you can see just how it works for you and still get started with your investment plans right away. Take a look at the Plus500 gold account to see how it works with your investing.

Forex Highlights