Users' questions

Does Plus500 work in South Africa?

Does Plus500 work in South Africa?

According to research in South Africa, Plus500 a CFD provider with its headquarters based in Israel. The company is also an Authorised Financial Services Provider in South Africa, and is listed on the London Stock Exchange’s Main Market for Listed Companies, and headquartered in Haifa.

What does leverage mean on Plus500?

Leverage is a concept that enables you to multiply your exposure to a financial instrument, without committing the whole amount of capital necessary to own the physical instrument. When trading using Leverage you only need to put down a fraction of the total value of your position. CFDs are a form of leverage trading.

How does leverage work on Plus500?

Essentially, leverage is similar to a short-term loan. Leverage of 100:1 means that for every $1 traded that Plus500 will allow a trader to trade $100. So as an example, if a trader has a deposit of $1,000 and trades the full amount on forex which has 300:1, the total trade would be $300,000.

How much is Plus500 leverage?

The leverage for cryptocurrency trading at Plus500 is 1:2. Plus500 offers traders cryptocurrency CFD trading on the top 12 cryptocurrencies.

What is the best trading app in South Africa?

Best Stock Trading Apps For South Africa Reviewed

  1. Top trading app South Africa without trading commissions.
  2. AvaTrade- Best trading App for MT4 & MT5.
  3. Plus500 – Best trading app for CFD with zero commission and tight spreads.
  4. Vantage FX – Versatile for trading UK, US & AU share CFDs.

Which is the safest trading app?

The following brokers offer the safest stock apps in 2021:

  • Fidelity: Best stock app for investors.
  • E*TRADE: Best app for options.
  • TD Ameritrade: Best stock app for traders.
  • Interactive Brokers: Best stock app for professionals.
  • Merrill Edge: Great for stock research.