ETORO: THE BEST ALTERNATIVE TO PLUS500 AVAILABLE IN CAYMAN ISLANDS
If your investments are in Cayman Dollars and you are looking to invest in a different currency, say in Dollars or Euros, you might want to try eToro. If you started researching about Trading financial markets, you have probably been exposed to eToro's ads on the internet. eToro is a popular Trading platform because (a) it allows investors to Trade on +2000 financial instruments, and (b) with it's most popular functionality, CopyTrader, it allows you to view what traders are doing in real time and copy their trading strategy automatically. It calls itself the "Social Trading Platform" because of this. eToro's platform definitely resembles a Social Media platform, it's fun and easygoing, if you are a beginner, it should be your top choice. But if you are a Pro and wish other people to Copy your Trading Strategy, it's a great platform to start with (By the way, if you have a certain amount of "Copiers", eToro will pay you commissions). Opening a Trading account with eToro is quite easy, you just need to upload an ID (Passport) and a Utility bill through it's platform. eToro enables clients to deposit (Minimum amount is $200) and withdraw using a variety of payment methods, such as Bank Transfers, Credit Card, and eWallets like Skrill.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.