Plus 500, the online CFD broker has made some improvements to their trading platform.
Clients can now see sentiment information about Plus 500 client positions when they bring up a dealing ticket.
Plus 500’s two main LSE listed competitors IG and CMC Markets have had this function for a long time so it’s good to see Plus 500 making improvements to their trading platform.
As well as showing client sentiment, the Plus 500 also offer alerts based on changes in sentiment on an instrument. So for example, if you wanted to be notified when Plus 500’s client net positions in Bitcoin goes down from the current status of 93% to say 75%, you will get an alert when it does.
You can also set alerts based on certain time frames for price action as well as sentiment. A useful tool to scan for stocks that are breaking up or down on the day.
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.
