Plus500 Bitcoin Trading CFD’s: Legit Cryptocurrency Platform?
What Is Plus500?
Plus500 is a major provider of CFDs, forex, commodities, options, ETFs, delivering trading facilities on share, and indices. To achieve its purpose, the platform utilizes innovative technology.
Plus500UK Ltd, a company based in the UK that has the main offices in London, runs the platform. The Financial Conduct Authority regulates the company, which offers CFD. It is a rapidly growing provider of CFD in Asia and Europe. Its current portfolio entails over 200 instruments to more than one million clients.
When a client opens an account, the company will hold the fund on a segregated basis. This is done in accordance with the rules of the Financial Conduct authority on handling client money.
Trusted CFD Provider
The Plus500 platform is one of the highest rated CFD trading apps on Google Play and Apple Store. It is simple to use and yet powerful in its advanced features. The app also includes CFDs on some of the most popular financial instruments.
Plus500 has established a strong foundation already. From this, it will position itself to deliver future growth. The platform’s strategic priorities have been differentiated, and this will continue to differentiate the platform from its competition. It is also, what will guide the future success of this platform.
This platform lets you trade crypto with leverage. In some cases, you can trade bitcoin with up to 1:20 leverage. Best of all, you may start trading Bitcoin with as little as $100 and in effect gain $2,000 in capital.
The best thing about this platform is that you will never have to deal in crypto yourself. You are simply trading on their prices. Thus, you are never directly connected to crypto coins, which might lead to some legal issues depending on where you are.
- Main Benefits of Crypto CFDs
- You do not need to own an exchange account or use a special bitcoin wallet.
- You can trade in any direction- selling is just as easy as buying.
- It is possible to trade 24/7
- You can control your losses and profits.
The Risk Management Tools for Bitcoin Trading
Close At Profit
Close at Profit is a tool that allows you to set the rate at which you can close your position. This way, you protect your profit or minimize the chances of risk. This is especially useful with the price volatility that Bitcoin and other crypto experience.
This is a tool that lets you place an absolute limit on the potential loss. Even if the price of bitcoin moves against you, the position closes at the given price. Thus, there is no risk of Slippage. The bitcoin price is known to rise and fall suddenly, and this might help you make some cash during these spikes.
This tool will help you lick in a certain amount of the profits. When you open a position, it will stay open as long as the price moves in your favor. However, it will close if the price changes direction by a specified amount.