Plus 500

Min. Deposit: 100€
EUR/USD Spread: low
Regulation: Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by CySEC (Licence No. 250/14).
Accepts US Clients: No
Web trading: Yes
Mobile trading: Yes
Currencies accepted: EUR, US dollar and British pound

T&Cs Apply

Your capital is at risk

 

Plus 500 REVIEW

Plus500 is a Contracts for Difference (CFD) provider who offers various trading facilities to trade shares, commodities, forex, ETFs, indices and options. The company promises to use innovative trading technology for traders and investors. It is a well known international CFD trading website, providing plenty of opportunities for traders to make money. Plus500 has numerous customers from different countries in the world. It is a great place for CFD traders to trade assets, the most popular asset being the currencies. One of the prominent features of the Plus500 website is that it is multilingual. You can browse the website in your mother tongue as long as you can open a trading account from your country.

LICENSING AND REGULATION

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

RELIABILITY

You should always choose a CFD broker based on how reliable the services are. Plus500 is regulated by several regulatory bodies in various countries. This means that the company has taken measures to meet the regulation requirements in several prominent jurisdictions. The company has local offices in the jurisdictions where it is regulated. Registering with multiple authoritative bodies is proof of ethical business practices. It is certainly one of the most reliable CFD brokers that you can find. The company has 9 years of experience in providing the CFD trading service.

MONEY PROTECTION

Due to the regulatory requirements, Plus500 holds the clients’ funds into segregated client bank account. This means that there is a maximum protection of your funds. However, this doesn’t eliminate the risk associated with CFD trading. You can lose your entire capital because trading is inherently risky. The segregated funds guarantee that Plus500 will not use your funds for hedging. Also, Plus500 will not initiate speculative positions. Plus500 is also a participant in the Investor Compensation Fund according to the regulations of the Republic of Cyprus. Through the financial records, it is proven that Plus500 is debt free and has sufficient liquidity and surplus regulatory capital reserves.

ACCOUNT OPTIONS

Plus500 offers straightforward account options – demo account and real account. The demo account can be created for free and there is no time limit on the demo account. You can perform live trading with virtual money when you log into a demo account. Once you are ready to invest your money to start trading, you can start a live account.

BONUS AND OFFERS

No Bonus

TRADING PLATFORM

Plus500 provides a clutter free trading platform that is simple and effective. Unlike other brokers, this platform is not an MT4 trading platform. It is a proprietary trading platform exclusively created for members of Plus500. Along with the platform, members can also gain access to various software used in technical analysis. The trading platform also comes with a charting software and charts are displayed individually. However, it is not possible to combine third party software such as Expert Advisors with Plus500 platform due to lack of MT4 support. Traders can easily trade in multiple markets and they can be completed using the same screen. At all times, Plus500 provides real-time quotes for the products. The trading platform is all inclusive and you need to select the asset you wish to trade. All the options are provided as labeled tabs and trading features differ with the type of trading assets. Apart from the instant web-based version, you can also download the trading platform to your computer. To make it possible to trade on the go, Plus500 provides trading apps for iOS, Android, and Windows smartphones. If you have an Apple watch, you can trade using Plus500.

DEPOSIT AND WITHDRAWAL OPTIONS

Plus500 provides different options such as visa, MasterCard, Maestro, Skrill, and wire transfer for funds transfer. You can deposit and withdraw money using any one of the above options. Due to the regulatory requirements, traders must submit proof of identity and address before they can make a withdrawal. Depending on the deposit and withdrawal, funds transfer takes time.

COMMISSIONS AND SPREADS

Plus500 is a reliable CFD trading company that doesn’t charge commissions from the traders. The company makes money through the offered spreads. Spreads are dynamic and are different between different instruments it varies depending on the assets traded. leverage is Maximum 1:300 .it is possible to win a huge amount of money. You should also understand that the potential for loss is also high with a large leverage. You should not trade with real money unless you are confident of your trading skills.

CUSTOMER SUPPORT

One of the key features you must focus on while choosing a CFD broker is the customer support offered. Plus500 provides customer support 24 x 7 through email and live chat. The live chat feature is useful to get immediate help so that you don’t waste your time for a reply email. However, you can't find telephone support with Plus500. This can be a major discouragement when you can't connect to the internet for any reason. Not being able to talk to a real live person can be annoying, especially when you have serious issues with trading.

POTENTIAL CONCERNS

You should understand that Plus500 is a CFD company and it is not a broker. The company doesn’t have direct market access. This means that you may experience differences in the quotes compared to the market price. Also, Plus500 doesn’t allow scalping and hedging for traders. If your trading strategy uses any of these, you may not find it easy to trade using Plus500. Unless you are an active trader, €5 will be debited from your account balance for three months of inactivity. Also, there is a lack of support for EAs. If you prefer to use automated trading strategies, you won't be able to trade using Plus500. The absence of telephone support also raises the concern because you have to be connected to the internet to avail the customer support. This means that you may have to wait for a few hours to get an email response, but the online chat is comparatively quicker. The account options are also limited for beginner traders. You can't enjoy the privilege of limited leverage and smaller lot size because the accounts are standard. With lower spreads, guaranteed stop loss and limit orders and trailing stops, Plus500 is an ideal choice for an experienced trader. Newbies can also learn to trade using Plus500, but you need a more flexible platform for that. Irrespective of your trading experience, you should always follow risk management policies to minimize your losses and maximize your gains. *Your capital is at risk*