The UK Plus500 platform review that you use to trade (buy and sell) is excellent, a huge range of tools and features make this a top choice for CFD traders. It updates in near real time and is available as an app on both iPhone and Android phones, with a high rating of 4.2 out of 5.

Plus500 also offers a slew of educational materials for beginners, though they advise new traders to use the demo account and Trading Academy before risking any money. This is a good idea given the risks involved in trading.

Their bespoke platform offers a wide range of chart types and features, ranging from line charts to Point & Figure, as well as 21 drawing tools and 13 different time frames. In addition, there is a useful economic calendar built into the platform with information on upcoming events, including their expected impact and data from past releases.

Shorting the Pound: Strategies for UK Traders

A great feature unique to Plus500 is called +Insights, which provides an overview of trends across all trading markets using data from a large number of traders (the crowd) and news sources. The information is incredibly valuable for traders who base their strategy on momentum and trend analysis.

As a bonus, you can never lose more than the money that you deposit into your account, which is known as negative balance protection. This is a must have feature for all serious traders. You can configure this within your Trader Profile, found in the menu under ‘My Account’.

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