Plus500 Customer Reviews
Quick and easy
Quick and easy
goofd
goofd
OK
OK
Quick and easy
Quick and easy
I Steven Talewa of Tari…
I Steven Talewa of Tari Hela Province of Papua new has full support on this investment platform provider of the year
Good for short term trading
Good for short term trading
Very excited to be part…
Very excited to be part of these group and still recovering from harmful people in my Country Papua New Guinea
very similar
very similar
Normal
Normal
I Steven Talewa have been…
I Steven Talewa have been waited for so long time for my blessings and benefits and now still waiting for them.
very good
very good
1/5
Thanks so much & I…
Thanks so much & I Steven Talewa of Tari Hela Province of Papua New Guinea is very excited to be part of that great team and ready to receive my blessings and benefits now and ready to do my trading with them this year onwards
5/5
Average
Average
Good range of products markets
Good range of products markets
good customer service
good customer service
reasonable starting point
reasonable starting point
4/5
I like this platform it…
I like this platform it helps me.
long experience trading CFD’s -…
long experience trading CFD’s – use this site for hedging
x
x
Haven’t really used this platform
Haven’t really used this platform
Limited options so I haven’t…
Limited options so I haven’t used it much
market leader
market leader
OK
OK
Great at what it does
Great at what it does
Great product
Great product
4/5
3/5
Pros:
easy
3/5
Pros:
You can trade options
Cons:
allow hedging and scalping
4/5
5/5
Pros:
Ravi d’├¬tre parmi vous
2/5
Pros:
The UI
Cons:
less fee
2/5
5/5
Pros:
Analysis and automation
Cons:
it’s pretty good already
5/5
Pros:
App
Cons:
N/a
3/5
Cons:
Improve platform
3/5
Pros:
Website
Cons:
Nothing
4/5
Pros:
cost
3/5
Pros:
Easy to trade
Cons:
Nothing
3/5
4/5
Pros:
Crypto
Cons:
Tesla
1/5
Pros:
Very good apps and website
Cons:
Excellent
3/5
Pros:
Like the execution and able to move Taget and stops
Cons:
things stick to the mouse
3/5
5/5
Cons:
I haver works in plus500
3/5
Pros:
The charts are good, bonus is generous
Cons:
Adjustable leverage.
5/5
1/5
Pros:
I donÔÇÖt like plus 500
Cons:
Give more leverage
5/5
Pros:
Mise en avant de la devise
Cons:
Webinaires sur lÔÇÖinvestissement en devises
2/5
2/5
Pros:
None
1/5
Pros:
that I never deposited
Cons:
everything, start from commissions. daylight robbery.
4/5
Pros:
Simplicity
5/5
1/5
Pros:
Nothing
4/5
Pros:
Options CFDs
Cons:
Better system reliability
5/5
Pros:
Yes
Cons:
Y
2/5
Pros:
nothing really
Cons:
work on user friendly navigation
4/5
Pros:
This platform have an options.
Cons:
I don’t have idea, i like everything.
2/5
Pros:
None
Cons:
n/a
5/5
5/5
3/5
3/5
3/5
2/5
Pros:
The news coverage
Cons:
Modern UI
4/5
Pros:
Na
Cons:
Na
1/5
Pros:
crypto
Cons:
Reduce spreads
5/5
1/5
Pros:
bad
4/5
Pros:
Range of tradeables
Cons:
No thoughts
4/5
Pros:
Informative
Cons:
Nothing
5/5
Pros:
Easy to use
5/5
Pros:
Preferred shares
Cons:
Answer emails quicker
4/5
2/5
5/5
1/5
Cons:
Improve transparency
2/5
Pros:
charts
Cons:
most things
3/5
Pros:
Trustworthy
2/5
1/5
Pros:
nothing
Cons:
n/a
3/5
3/5
4/5
Cons:
Corses for beginners
4/5
3/5
Pros:
Unlimited trading instruments
Cons:
Telephone communication
3/5
3/5
5/5
3/5
Pros:
Spreads
3/5
Pros:
Not friendly plattform
Cons:
Be more friendly (interface)
1/5
Pros:
1000
3/5
Pros:
Ability to go short
Cons:
Don’t onow
dean R @ 02/03/2021 05:38
6 months in, and after my experience with a competitor, i can report Plus500 has been very good. I don’t understand some of the bad reviews. I find it really clear and easy to open a Buy or Sell position exactly when i want to. the live prices and required Margins are well indicated and the graphs are g8. Withdrawing profit has been fuss free and fast. The mobile app is fab and better that their website app because the latter has troublesome nasty ultra-thin scroll bars despite my feedback to their developers.
Jay @ 05/29/2020 09:22
In my opinion all the bad reviews are correct and the good reviews are very suspicious. Go read all the Trustpilot reviews in all the threads. When people say theyÔÇÖve had their close button frozen and theyÔÇÖve been logged out and theyÔÇÖve lost their money, itÔÇÖs truth. CFD trading is where your loss is Plus500ÔÇÖs profit. They make huge profit. If you donÔÇÖt want to be a bad reviewer then stay clear of Plus500.
Karl @ 06/18/2019 11:03
Be carefull, to many fake reviews. They close your positions if the market is in your favor.
Paul M @ 05/29/2020 09:39
You claim you source prices from third parties, so name them, who are these third parties? Your execution order says that Plus500 obtain there prices from Plus500 Ltd. So do you set your own prices? You do know under law you are obliged to be clear so answer this do you set your own prices.? Do you profit from client losses? Your misleading hedging policy indicates you do. You say on your user agreement you may hedge client trades with third parties yet your support staff say that you use an internal hedging system that is managed by the buy and sell spreads. You operate with a conflict and interest and with that comes the ability to manipulate but the motivation is there too as clearly you are profiting from client losses.
shekhan ali @ 02/28/2020 11:20
classic retail broker. possible to make a profit. personally would stay away
Connor @ 02/28/2020 11:14
Had a decent experience with Plus500, using them for a few months recently. Good mobile and web apps. Good support.
John Rose @ 12/02/2019 09:43
The Plus500 company has an excellent reputation on the internet but the way a care agent works is very detestable. It is known as “traderprofesional” and what it does is that after making an initial deposit, it keeps half of the user’s money for no specific reason. I recommend that you be alert with this scammer.
Anne @ 11/09/2019 02:56
Anybody considering trading with this company read real customer reviews as opposed to reviews done by marketing affiliates. When a customer makes a profit , withdrawal can become a problem. At times on there platform an instrument becomes unavailable to trade this is supposedly due to low volume. These is done to their advantage and many customers have suffered losses because of this glitch. There spreads are also manipulated and usually increase in their favor during the course of a trade. Plus500 no more than a Casino and I would advise anybody considering them to think again before opening an account.
A very fair trader
Great customer service and a very honest and fair trader
Trading Platform 4/5: nice and clear
Customer Service 5/5
Mobile Apps 4/5: doesn’t give many options
Spreads & Pricing 5/5
Market Range 2/5:  limited options in available forex
Trade Execution Speed 5/5
Added Value 5/5
(Trading forex weekly with PLUS 500 for under 1 year on a weekly basis)
Khangwelo @ 03/01/2018 15:43
Its been a great journey with this broker , they have been good to me with all their service , so i’m satisfied with their services and i learnt many thing with this broker
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 4/5 – They don’t offer all indicators
Spreads & Pricing 5/5
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
(Trading forex and commodities with Plus 500 for between 1-2 years on a daily basis)
Leave a review
- Tell us what you think of this company and help others make more informed financial decisions.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909)
Plus500 Expert Review
If you’re looking to trade Contracts for Difference (CFDs), you may want to check out Plus500’s trading platform. It allows you to trade CFDs on stocks, currencies (forex), indices, and a range of other assets. In this review, we look at the key features of Plus500 and highlight its pros and cons. We also answer some questions you might have in relation to the trading platform.
Plus we give our ratings based on their nearest peers and tell you what we think of them after testing them thoroughly.
Plus500 Review
Name: Plus500
Description: Plus500 is an online trading company that operates in more than 50 countries worldwide. Founded in 2008, it has more than 26 million customers today.
Plus500 is headquartered in Israel, however, it’s listed in the UK on the London Stock Exchange (it’s a member of the FTSE 250 index). Here in Britain, its platform is operated by Plus500UK Ltd, which has offices in London.
In the UK, you can only trade CFDs with Plus500. CFDs are financial instruments that allow you to profit from the price movements of a security without owning the underlying security itself.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Is Plus500 a good broker?
Overall, Plus500 is a good online trading platform for traders who do not want to do anything more complicated than buy and sell CFDs. The broker does provide sentiment indicators and are quite transparent with costs and fees. In summary:
- Plus500 is a trading platform that offers CFDs.
- You can trade a range of assets on Plus500 including stocks, indices, and currencies.
- There are no commissions when placing a CFD trade on the Plus500 platform but there are some other fees to be aware of.
- The platform offers a range of features including a demo account, alerts, market news, and an economic calendar.
- There are platforms that offer more markets than Plus500.
Pros
- With Plus500, you can trade CFDs on a range of assets including shares, currencies, indices, and ETFs.
- There are no commissions when placing a CFD trade on Plus500’s platform.
- Plus500 offers a range of features to help traders navigate the markets and capitalise on opportunities including charting tools, alerts, an economic calendar, and market news.
Cons
- Other platforms offer more markets than Plus500.
- You can only trade CFDs on the platform (you can’t invest in stocks directly).
- You can’t contact the company by telephone if you require support.
-
Pricing
(4.5)
-
Market Access
(4.5)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.2Ratings Explained
- Pricing: It’s dynamic so hard to nail down for minimum spreads.
- Market Access: Very good, they are always first to try new asset classes.
- Platform & Apps: Basic execution, but it does the job well.
- Customer Service: No phone, but live chat is sufficient.
- Research & Analysis: Some sentiment, but limited education and analysis.
I should say that I have massive respect for Plus500 from a marketing point of view. They obviously looked at the online trading industry and thought to themselves, “this is ripe for disruption” and to be fair they did disrupt the CFD trading (not the financial spread betting) industry.
Before Plus500 came along, most CFD platforms asked you to deposit a minimum of £5,000 to open an account. You had to prove that you had the relevant experience to trade high-risk derivative products, pass credit checks and wait at least a week before compliance, accounts and sales had checked your account and allocated you an account number. And in some cases, you didn’t even get an account number until you’d BACS’d money over to fund your account.
But, that was about 10 years ago and Plus500 asked me during their compliance checks of my review to point out that “the information regarding the account opening gives the impression that the process is simple and fast, which could be misleading. Due to the document approval procedure and the questionnaire, the creation of the account can take some time. Also, if the approval requirements are not met, some users are unable to create a real trading account”.
Which, of course, is true because, now for AML, you have to submit some personal documents, there are several term documents to read and you have to answer (and pass) a suitability questionnaire.
It’s not now harder to open an account because a. CFDs have become more appealing to the mass market and b. CFDs are definitely not a mass-market product.
Innovation
What Plus500 did was create a basic trading platform that offered the major instruments that people wanted to trade. After all, the majority of revenue generated for CFD trading platforms is from the top ten traded instruments like FTSE, Wall Street, EURUSD, Gold and Oil.
Then they made the account opening process the most simple it could possibly be. Instead of having to get a notarised copy of your passport and post in bank statements, Plus500 clients could open an account online and start trading with real money relatively quickly (in less than a few minutes for a demo account). For other brokers, it was still taking a week. They could do it because normally new clients have to provide ID when opening an account to prevent money laundering. Because the rules at the time were generally geared towards withdrawals, not deposits, you didn’t have to provide ID until you wanted to take money out. Plus500 eventually got ticked off for it and had to start front-loading ID checks. But it completely turned the industry on its head making it very simple for anyone to open a trading account. Cough cough the mega marketing machine that is eToro.
Soon after that, all the other trading platforms tried to catch up but legacy technology still makes them a lot slower than Plus500 to this day.
Disruption
But, whilst Plus500 have disrupted the CFD industry, it’s not necessarily for the good. Trading is a high risk, most people lose money. Just because you can do something, should you?
I know that things that are bad for you are often enjoyable, this isn’t a debate about whether or not CFDs are good or bad. I have been in the CFD industry for 20 years and I think they are good, but then I have always dealt with professional clients, hedge funds, and traders who understand the risk. CFDs can be used to hedge portfolios, increase diversification, build a stake in a company without declaring it, making money when the markets fall by shorting stocks.
The debate is more about who they are appropriate for, and CFDs are not appropriate for everyone.
Should you trade CFDs with Plus500? If you are just getting started, yes they are a good enough choice. But if you are a sophisticated or experienced trader, I’m afraid not, in my mind, it is a basic platform for basic traders, which isn’t necessarily a bad thing, or is it…
What assets can you trade with Plus500?
With Plus500, you can trade CFDs on a range of assets and instruments including:
- Shares (e.g. Lloyds Bank, Tesla, Apple)
- Currencies/forex (e.g. GBP/USD)
- Commodities (e.g. gold, oil)
- Options (exchange-traded options)
- Exchange-traded funds (ETFs)
- Indices (e.g. FTSE 100, S&P 500, ESG indices)
Overall, there are more than 2,800 different assets you can trade with CFDs.
It’s worth noting that while Plus500 offers plenty of assets for trading, there are platforms that offer more markets. Some examples here include IG and CMC Markets.
What leverage can you use with Plus500?
The maximum amount of leverage you can use with Plus500 varies depending on the asset class as shown in the table below. If you are trading forex, you can potentially borrow up to 30 times your own money. For shares, however, you can only borrow up to five times your own capital.
Instrument | Max leverage |
Shares | 1:5 |
Forex | 1:30 |
Commodities | 1:20 |
Indices | 1:20 |
Options | 1:5 |
ETFs | 1:5 |
What are Plus500’s fees?
Plus500 does not charge any trading commissions when you place a CFD trade. However, there are some fees you need to be aware of including:
- Overnight funding fees – An overnight funding fee is either added to or subtracted from your account when holding a position after a certain time.
- Currency conversion fee – There is a fee (0.7%) for all trades on instruments denominated in a currency different to the currency of your account.
- Guaranteed stop-loss order fees – If you request a guaranteed stop loss on a trade, there will be a small fee.
- Inactivity fees – If you do not log in to your trading account for three months, a fee of up to USD $10 per month will be applied to your account.
Withdrawals are free of charge no matter the number of withdrawals you make per month.
Deposits are also free of charge.
What features does the Plus500 platform offer?
Plus500 offers range of features designed to help traders make money including:
- Charting tools – The platform offers charts with a wide range of indicators and drawing tools to help traders identify and capitalise on patterns and trends (there 13 charting tools and over 100 indicators).
- Market news – On its website, there is a section dedicated to news and market insights.
- Alerts – With Plus500, you can set up real-time email, SMS, and push notifications for trade alerts (e.g. price alerts or % change alerts).
- An economic calendar – The economic calendar is designed to help traders prepare for important economic data (e.g. inflation data, retail sales data, job reports, PMI data).
- +Insights – This is a feature that allows users to learn more about market trends based on the company’s internal data (e.g. most bought stocks, most sold stocks).
- Watchlists – Users can manage multiple watchlists.
- Trading Academy – Plus500’s Trading Academy offers a range of educational products including eBooks, videos, and FAQs.
- Webinars – Plus500 offers regular webinars to its professional clients.
- A free unlimited demo account – With the demo account, novice traders can learn to trade CFDs without risking real money.
What risk management tools are available on Plus500?
Plus500 offers several tools to help traders manage risk including:
- Stop-loss orders – Traders can use these orders to automatically close out a losing position at a specific level.
- Guaranteed stop-loss orders – A guaranteed stop-loss puts an absolute limit on your potential loss from a losing trade.
- Trailing stop-loss orders – This type of stop loss moves upwards as the price of the security being traded rises.
- Take profit orders – Traders can use these orders to automatically close out a winning position at a specific level.
What is Plus500’s customer service like?
Plus500’s customer service options are limited to online chat, email support, and WhatsApp. So, you can’t contact the company by telephone. However, don’t let that put you off. We contacted the company via online chat and were very impressed with the service and support offered. It’s worth noting that support is available 24/7. This is a big plus – some other CFD providers only provide support during the week.
How do you open an account with Plus500?
- To open an account with Plus500, you need to submit some documents to the company (identification, residence verification, etc.).
- You also have to read through several documents and complete a questionnaire.
- To be able to trade, you will need to fund your account.
- In the UK, the minimum initial deposit is £100.
What is Plus500’s professional account?
The Plus500 professional account is an account designed for professional traders. With this account, you have access to higher levels of leverage (e.g. 1:20 for shares).
To be eligible for a professional account, you must meet two of the following three criteria:
- You’ve performed an average of at least 10 transactions per quarter, of significant size, over the previous four quarters on the relevant market (with Plus500 and/or other providers).
- You have a portfolio worth more than €500,000 (including cash savings and financial instruments).
- You have worked in the financial sector for at least one year in a professional position that requires knowledge of the related transactions or services.
What is Plus 500’s premium service package?
With the premium service package clients get:
- A dedicated premium service client manager.
- Periodic emails containing expert analysis of upcoming trading events.
- External trading webinars.
- A premium service customer support team.
Note that the premium service is invitation only. To become a premium customer, you must have a real money trading account.
Alternatives to Plus500
If you are looking for alternatives to Plus500, you may want to consider:
- IG – With IG, you can trade CFDs on over 17,000 instruments.
- CMC Markets – With CMC, you can trade CFDs on over 12,000 instruments.
- eToro – eToro offers a user-friendly platform that is popular with beginners.
Why doesn’t Plus 500 offer spread betting?
CFD broker Plus500 does not offer spread betting. It only offers CFDs (contracts for difference). So why does the nation’s financial media get it wrong all the time?
There are some fairly significant differences between financial spread betting and CFDs. I’m not going to go into them here, but you can watch our video discussion on CFDs Vs Spread betting or, read one of the many articles we discuss the pros and cons of each type of online trading.
I don’t know why Plus500 don’t offer spread betting; it’s one question that I’d like to ask the CEO when we get to interview them. After all, we’ve interviewed the CEOs of most of the major CFD brokers, but for some reason, Plus500 never want to talk to us about anything. Maybe that says all you need to know. If you want to see what actual spread betting brokers think, you can read our interviews here:
- IG – June Felix Interview
- CMC – Peter Cruddas Interview
- Pepperstone – Tamas Szabo Interview
- Spreadex – Jonathan Hufford Interview
- ETX Capital – Phil Adler Interview
We have a comparison table of UK-regulated spread betting brokers here.
But the reasons Plus500 don’t offer spread betting is probably because the spread betting market in the UK is utterly saturated and has been for some time. There are around 100,000 to 120,000 spread betting traders in the UK that would generate revenue for spread betting brokers. Which is not a lot.
There are of course millions of traders, but many are so small that to a broker that doesn’t profit entirely from the B-book, probably not worth going after.
Spread betting is unique to the UK because there is no tax on profits (see why spread betting is tax-free here – it’s quite a funny story).
CFDs can be offered globally. So it makes sense that Plus 500, which is a pretty basic broker doesn’t complicate their offered by segregating spread betting and CFD traders.
Also, I would say that as a basic broker Plus 500 won’t attract serious traders or large accounts, so the tax breaks that spread betting offers probably wouldn’t be a big enough draw to make it worth their while.
You can read our Plus500 review here and see what their customers have to say about trading with Plus500.
Even way back in 2017 when Plus500’s market cap first topped £1bn, the national press were getting it wrong.
Yes that’s right, back then little old Plus500 who was for years nipping at the heals of the industry became worth over £1bn.
The statement, which is somewhat representative of their brokerage services, offered nothing other than the bare essentials, read:
Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce that its business continues to trade strongly. Accordingly, the Board anticipates that revenues and profits for the year ending 31 December 2017 will be ahead of market expectations.
Further details will be announced in the Company’s scheduled third quarter trading update which will be issued on 31 October 2017.
You can see the RNS announcement released by the London Stock Exchange here.
Obviously this got a lot of press with most of the national paper saying that spread betting broker Plus 500 blah blah blah. It really gets my goat, Plus 500 are not a spread betting broker, never have been.
Especially as it’s from big news agencies such as Reuters & City AM, who for some reason are unable to tell the difference between a CFD broker and a spread betting broker. Shame…
Examples of Plus 500 being called a spread betting broker
The list goes on endlessly if you look back through the archives, but as Plus500 released a trading update today, they have been in the press. here are some examples of Plus500 being called a spread betting broker when they are not:
- The FT: https://www.ft.com/content/11aa8695-8cef-497d-9485-7e1dffa44476
- The Times: https://www.thetimes.co.uk/article/plus-500-attracts-new-customers-vj28nx5rl
- Daily Mail: https://www.thisismoney.co.uk/money/markets/article-8398005/BUSINESS-LIVE-Car-dealer-Lookers-warns-suspected-fraud-Tesco-accounting-probe-ends.html
- Bloomberg: https://www.bloomberg.com/news/articles/2020-04-07/virus-driven-spread-bet-boom-drives-500-revenue-gain-at-plus500
- The Telegraph: https://www.telegraph.co.uk/investing/shares/investors-have-turned-spread-betting-works-risks/
You could potentially argue that Plus500 could be called a spread betting broker because they make money on the spread between the bid/offer, but they don’t really do that as pricing is so narrow these days. Plus500 make money taking the other side of clients’ trades (or not hedging them) and also charging a very high rate of interest on overnight positions.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909)Plus500 Facts & Figures
| ➡️ Plus500 Total Markets | 2,000 |
| ➡️ Forex Pairs | 64 |
| ➡️ Commodities | 22 |
| ➡️Indices | 39 |
| ➡️ UK Stocks | 107 |
| ➡️US Stocks | 993 |
| ➡️ETFs | 97 |
Plus500 Key Info | |
| 👉 Number Active Clients | 280,769 |
| 💰 Minimum Deposit | 100 EUR/USD/GDP |
| ❔ Inactivity Fee | $10 per month |
| 📅 Founded | 2008 |
| 📅 Public Company | ✔️ (LSE) |
Plus500 Account Types | |
| ➡️ CFD Trading | ✔️ |
| ➡️ Forex Trading | ✔️ (CFDs) |
| ➡️ Spread Betting | ❌ |
| ➡️ DMA (Direct Market Access) | ❌ |
| ➡️ Futures Trading | ❌(but yes for US traders) |
| ➡️ Options Trading | ✔️(CFD options) |
| ➡️ Investing Account | ❌ |
Median Fees | |
| ➡️ FTSE 100 | 2 |
| ➡️ DAX 30 | 2 |
| ➡️ DJIA | 4 |
| ➡️ NASDAQ | 1.9 |
| ➡️ S&P 500 | 0.7 |
| ➡️ EURUSD | 0.8 |
| ➡️ GBPUSD | 1.3 |
| ➡️ USDJPY | 1 |
| ➡️ Gold | 0.3 |
| ➡️ Crude Oil | 0.4 |
| ➡️ UK Stocks | 0.04% |
| ➡️ US Stocks | 0.7% |
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909)Plus500 FAQs
Plus500 is regulated by the UK’s Financial Conduct Authority (FCA) meaning customers’ money must be kept in segregated accounts. So, the platform should be seen as safe. However, CFD trading is risky. With this form of trading, it’s easy to lose money, especially if you use leverage.
Plus500 could be a good platform for beginners as it offers a demo account, and you can start trading in a real account with just £100. However, beginner investors should be aware of the risks of CFD trading. Plus500 states on its website that 80% of retail traders on its platform lose money trading CFDs.
The minimum deposit is currently £100.
Yes, Plus500 has an app for both iOS and Android. Through the app, you can monitor your positions and place trades. The app only gets a review score of 3.8 on Apple’s App Store, however. Some users have complained that the app crashes at times.
In the UK, it’s not possible to trade crypto CFDs due to regulation from the Financial Conduct Authority (FCA).
Plus500 is mainly compensated for its services through the spreads between buy and sell prices on securities.
CFDs are financial instruments that allow you to profit from the price movements of a security without owning the underlying security itself. With CFDs, you can trade securities in both directions. You can also use leverage to increase your position size.
Leverage can be used to trade a larger amount of money than you have deposited for a trade. Using leverage can potentially increase your trading profits. However, it can also magnify your trading losses.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
