We main theme of our website is 3D printing and everything related to this future topic. Today, we are happy to use our platform again to discuss Plus500 which enables you to trade CFDs. You can trade CFDs on anything from Cryptocurrencies to indices and also 3D printing stocks — yes, there is the connection.
What are CFDs?
The Trading App Plus500 (Plus500UK Ltd approved and regulated by the FCA (# 509909)) makes it possible to trade CFDs. With CFDs you do not trade (buy and sell) the real assets, but rather trade on their price development of the asset itself. However, be extremely cautious, because according to Plus500 80.6% of customers (mainly private/retail customers) lose their money on Plus500. Therefore, you should consider whether to take the risk or stick to regular trading or non at all. The benefit of CFDs is that they allow you to earn real bucks starting with about 100 euros trading an index of the top 30 german companies as if you where trading with 30,000 Euros (just as a CFD).
Tradable assets on Plus500
Plus500 is about trading various stocks, indices, forex currencies, or other cryptocurrencies in the form of CFDs.
- — Stocks are eg. Appel or Amazon, including 3D printing stocks such as 3D systems as the best known example for a 3D printing stock.
— Indices are for example the German DAX or the American S&P 500, although the ones on Plus500 seem to differ in their composition — however, we did not dive that deep during our analysis.
— Forex (FOREIGN EXchange) currencies are the typical FIAT currencies such as the euro or the dollar. These are always traded in pairs like EUR/USD or EUR/AUD etc.
— Cryptocurrencies had their momentun during 2017 and are the digital alternative to FIAT. Interestingly, by including crypto-CFDs, Plus500’s Google search has rocketed in sync with the Bitcoin price in late 2017. Be aware, that these are CFDs on cryptos — Plus500 is not holding any coins for your in so-called cold stores, for that you would have to on sites like Coinbase or Binance.
Phone and Desktop Application
The company offers a trading platform vis their website through the browser as well as an App for Android and iOS. There is a very simple menu for beginners with a good and simple design for buying or selling buttons (no complicated button system/options) which make it easy to execute and close trades. Also available are chart tools such as switching between line curve charts and candles with additional technical analysis tools(MACD, SMA, etc.).
The real strength and a big plus for many users, however, is the app we tested on Android. Besides all other CFD trading apps in the App Store, Plus500 is the only application with which you can actually trade CFDs without getting a headach. All other apps are almost unbearable, both in terms of looks and ease of use.
Plus500 is a certified CFD trading platform that allows you to trade assets with leverage (e.g. 1:10) within seconds. The ease of use, simplicity and reliability are strong arguments that make us prefer Plus500 over other providers like 24option. Especially since e.g. the latter and many others are used by scammers on Youtube luring people in CFD-Trading without illustrating the risks. The scammer try to collect affiliate fees via Whatsapp groups or Youtube videos. At Plus500, this has been prevented with many measures and requires affiliates to adhere to strict rules. This should also safeguard the integrity of the company and make customers (traders) aware of the risks behind CFD trading.
Plus500 is for every who ever considered trading shares, cryptocurrencies (cryptos) or 3D printing stocks without interest in the actual coin or share of the company, but rather to trade on their price development. If you just want to play around for fun and test your skill, we recommend the Plus 500 demo account. Anyone trading CFDs with real money should be aware that the money is exposed to high (loss-) risks.
We wish you lots of fun and success in trading and printing!