This may occur rapidly due to the use of leverage. For example, if prices move against you, you may be required to make additional payments beyond your initial investment to keep any trades open.
CFDs have been the subject of increasing scrutiny, and new regulations governing CFDs recently went into effect. CFD trading may not be appropriate for everyone.
You should fully understand the risks and seek independent professional advice before deciding whether to start CFD trading, including about the new regulations.
Plus suffered in our "trust" ratings mostly because of the company's lack of compensation above and beyond what's required by regulators in the event of a default by Plus However, while Plus does not provide additional deposit insurance, the company is registered in the UK with the Financial Conduct Authority FCA , which provides good accountability and visibility.
As a result, Plus should take steps to ensure client funds are not comingled with corporate funds - ensuring that client money and assets are protected in the unlikely event that Plus becomes insolvent - by holding those funds in segregated accounts at regulated banks.
Plus also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account.
Plus doesn't offer any of the special features we typically look for from a broker. It doesn't allow for automated trading via Expert Advisors EAs or other trading algorithms, it doesn't provide backtesting functionality and it doesn't allow clients to manage third party funds via PAMM or MAM trading platforms.
The company simply provides a streamlined WebTrader platform - along with similar mobile trading platforms for iPhone, iPad, Apple Watch, Android and Windows devices - where clients can place and monitor trades.
Traders aren't given many options when it comes to executing their trades. They can place and monitor their trades manually on Plus's web-based or mobile trading platform.
The platform is clearly targeted to those who just need a mechanism for executing trades. Plus is best suited for customers who intend to perform most of their research and analysis elsewhere.
Guaranteed stops are available on some markets, however, they come with an increased spread and cannot be added to previously opened trades.
Plus's WebTrader platform is a streamlined trading experience that is stable and easy to access from any browser - Chrome, Firefox, Safari or Internet Explorer.
WebTrader has a simple, easy to use interface where you can create watchlists, analyze charts and place and monitor trades. The technical analysis charts can be expanded to full screen and offer more than technical indicators that you can apply to many different timeframes, from tick charts to weekly charts.
Unlike many brokers, however, Plus does not offer a MetaTrader 4 platform trading alternative. WebTrader is simple and easy to use and the layouts will feel familiar.
Traders can choose from among more than 2, instruments, analyze their selection on a customizable technical analysis chart and place their trade in just a few clicks, all within the same window.
Traders can also set price-based alerts on instruments they are following, and WebTrader will notify them via email or SMS text once the price objective has been reached.
WebTrader is a closed system. Advanced traders who rely on incorporating third-party analytical and automation tools in their trading process will be disappointed.
None of these tools can be integrated directly with WebTrader. The Plus mobile applications includes all of the functionality available in the desktop application.
We would have preferred to have seen enhanced security measures. None of the mobile apps include fingerprint security to unlock the app with your fingerprint.
The mobile app includes all of the same functionality clients can use in the desktop version to analyze and research trading opportunities.
Clients can use conditional orders, track their accounts and receive trading alerts. The dynamic charts can be expanded to full screen to provide better clarity during the technical analysis process.
Clients can also deposit and withdraw money from within the mobile app. None of the mobile apps include fingerprint security, and there is no added security beyond the login password.
We prefer to see applications that include enhanced security measures, especially since these applications provide a direct line of access to your funded accounts.
We would like to see, at the very least, the apps include some type of customizable, automatic sign-out. Plus's customer service options do provide live chat, to either prospective or current clients, but does not provide a customer service telephone number.
While the customer service options are limited, we received responses to our chat and email queries within minutes.
However, we missed the ability to engage in a live back-and-forth conversation via live chat. No in-person support is available.
Customer service is available 24 hours a day, 7 days a week, but only via an email-based ticketing system. Traders do not have the option to chat live with or call a customer service representative.
Even with these limitations, in our experience, customer service responses to our email submissions were prompt, knowledgeable and courteous. The FAQ section covers a wide variety of topics and has an excellent search engine.
Plus has very little to offer when it comes to research and analysis tools and commentary. The company does not provide any in-house research articles or videos, there are no earnings calendars and there are no news feeds.
Clearly, Plus customers intend to find this information elsewhere. Plus does provide customizable charts where traders can conduct a technical analysis on any of the instruments they are interested in trading.
Plus provides what we think of as the bare minimum in a charting package: Plus provides no bespoke or third-party research or analysis. Clients will have to find their own news feeds, earnings calendars, and market commentary elsewhere.
Plus provides no educational material. Many brokers provide courses, videos, ebooks, quizzes and so on to help clients learn more about the markets in which they are investing; but Plus provides none of these services.
The broker does at least provide one legally required "Key Information Document" KID that outlines the basics of what each available instrument is and the risks associated with trading it.
Clearly Plus expects its clients to know what they're doing or, at the very least, to seek out educational material elsewhere.
If clients want to learn more about what they can trade at Plus and how to effectively understand and analyze those trades, they will need to find that information elsewhere.
Costs can be divided into 2 categories, commissions and spreads. For Plus, there are no commissions involved in any trade. Instead, traders are required to pay tight spreads on the assets that they are trading with.
The following list below shows the typical Minimum spreads that are applicable at Plus Note that there are dynamic spreads.
The Plus system is easy to understand and use. It allows for trading on multiple markets and is easy to learn, it has one of the highest user ratings for tutorial systems of all the webtrader packages.
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The Plus trading software is a powerful CFD trading tool that lets you trade the world's most popular financial instruments from a single platform.
Remember that CFDs are a leveraged product and can result in the loss of your entire deposit. Trading CFDs may not be suitable for you.
Please ensure you fully understand the risks involved. Plus is suitable for experienced traders and not beginners. Results 1—1 of 1 1.
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