Trading company and platform Plus500 recently announced the launch of Plus500 Invest, a new share dealing platform that will enable users to trade shares and ETFs listed on exchanges worldwide. With this new platform, many more users will be able to take advantage of Plus500’s competitive and intuitive trading experience with the added benefit of low trading commissions and fees.
What does this mean for the company?
Plus500 was originally a leading Contracts for Differences (CFD) provider. CFDs being an advanced trading strategy only used by expert traders meant that the company catered to a very “niche” market. However, the launch of Plus500 Invest now means the company is entering mainstream stockbroking.
According to Plus500 CEO David Zruia, “[Plus500’s] long-term ambition is to enable simplified, universal access to financial markets as we continue to transition into a global multi-asset Fintech Group. We are thrilled to be already making significant progress in delivering this vision, with the recent launch of Plus500 Invest and the acquisition of Cunningham and CTS, both of which ensure that Plus500 can offer customers a diversified portfolio of products.”
What does this mean for Plus500 clients?
Prior to the launch of Plus500 Invest, the Fintech group offered over 2500 global financial instruments. With this new platform, this total has increased to 3700 and traders will be able to buy, sell and hold financial instruments from the world’s most popular stocks. This will enable them to diversify their portfolios both in terms of location and sector.
Plus500’s platform is straightforward and easy to use. Clients can map out their trading strategies with customisable charts and drawing tools and can even set up notifications ahead of market events.
With Plus500 Invest, clients will be able to trade the following financial instruments:
- Commodities
- Cryptocurrencies
- Exchange Traded Funds (ETFs)
- Forex
- Indices
- Options
- Shares
What about fees?
Plus500 has long been committed to low trading fees and will continue to offer transparent and competitive pricing. In fact, unlike many competitors, Plus500 does not charge for the following:
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Min deposit: £50
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Min deposit: £10
Spreads: 0.1 pip on eur/usd and eur/gbp, 0.3 pip for the sp500 and 0.8 pip for the FTSE 100
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Minimum deposit: £250 (£1 for the Invest.MT5 account)
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The launch of Plus500 Invest is a major boost to Plus500’s leadership in the industry: its offering is competitive, its fees are low and its interface pared down and user-friendly.
About the company
The Plus500 trading platform is powered by Plus500UK Ltd, a company headquartered in the City of London. It is listed on the London Stock Exchange (LSE), is a constituent of the FTSE 250 and is regulated by the Financial Conduct Authority (FCA).
Plus500UK is a subsidiary of global fintech firm Plus500 Ltd. It was founded in 2008 by several alumni of the Technion - Israel Institute of Technology and is headquartered in the city of Haifa, in Israel.
Over the past couple of years, the company has signed sponsorship deals with three major football clubs and opened a new R&D centre in Tel Aviv. With its new platform and recent acquisitions, Plus500 shows no sign of slowing down.
