Plus500 UAE CFD Trading Review: OTC trading on local markets
Is CFD trading on Plus500 legal in the UAE?
Yes, it’s fine to trade CFDs with Plus500 in the UAE as Plus500AE Ltd is regulated by the Dubai Financial Services Authority (DFSA), (License No. F005651)
Plus500’s trading platform has evolved nicely over the years from a simple interface to an intuitive execution venue for CFDs on the major markets and stocks.
Pricing: It’s dynamic so moves with the market for minimum spreads
Market Access: Very good, Plus500 are always first to try new asset classes
Platform & Apps: Basic execution, but it does the job well
Customer Service: Plus500 doesn’t have a phone option, but its live chat is sufficient
Research & Analysis: Some sentiment, but limited education and analysis.
Overall, Plus500 is a good CFD trading platform for UAE traders who want to buy and sell CFDs on major markets. The broker does provide sentiment indicators and are quite transparent with costs and fees.
Pros
- Good range of CFD markets in UAE
- Plus500 is a listed company on the London Stock Exchange
- Dynamic CFD pricing
Cons
- No DMA trading
- No phone support
-
Pricing
(4)
-
Market Access
(4.5)
-
App & Platform
(5)
-
Customer Service
(4.5)
-
Research & Analysis
(4)
Overall
4.4
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 The Sunday Times, 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.
You can contact Richard at richard@goodmoneyguide.com
