Yes, Plus500 offers on-exchange currency futures, so when you trade forex with Plus500, you are trading on the CME and ICE. It’s a good platform for new traders to get started as there are mini and micro FX contracts available and you only need $100 to get started.
Plus500 US Forex Trading Review: Direct market access to US forex futures
Is Plus500 a good US forex broker?
Yes, Plus500 offers on-exchange currency futures, so when you trade forex with Plus500, you are trading on the CME and ICE. It’s a good platform for new traders to get started as there are mini and micro FX contracts available and you only need $100 to get started.
You are also able to day trade forex on Plus500 as they offer intraday margin, which gives you higher leverage if your positions are closed by end of day and not carried overnight. For instance, if you were trading 1 lot of USDGBP the full margin requirement would be $1,925, but for forex day trading this is reduced to $500.
Plus500 also offers a range of features designed to help traders capitalize on opportunities in the markets, including charting tools and real-time news feeds. There is a demo account for those looking to learn how to trade futures before committing real money, but one downside is that there are some platforms that offer more futures markets than Plus500.
Pros
- On-exchange futures
- Publically listed company
- Small initial deposit requirement
Cons
- Limited order types
- limited currency crosses
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Pricing
(4.5)
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Market Access
(4.5)
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App & Platform
(4.5)
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Customer Service
(4.5)
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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.
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