Plus500

Plus500 Review

Plus500 was launched in 2008. It is a Forex CFD service that provides a multi-asset platform to its traders. This platform has coverage of the Asian, European, US, and UK exchanges. It’s a leading provider of CFDs and trades with commodities, Forex, indices, and shares. The brokerage prides itself on its transparency, professionalism, and interactiveness. It was launched in 2008, with a goal of allowing the trading on price movements of Indices, Shares, Commodities, Forex, and other financial instruments.

At Plus500, there is no obligation for traders to buy or sell assets; instead, traders can just speculate on the price movements. Way back in 2009, Plus500 began offering CFDs. A year later, it began offering ETFs to traders. More recently, the brokerage added cryptocurrency trading to its long list of assets, allowing traders to enjoy new trends. The platform is available as Android and iOS apps for smartphones and tablets making trading on the go even simpler. 

Tradeable Assets

Plus500 caters to CFD traders with a range of CFDs on Forex, Stocks, Commodities, Options, and Indices. The spread of tradable instruments includes CFD on  Indices (FTSE 100, S&P 500, and DAX 30), Shares, stocks, equity (Barclays, BMW, Google, Nokia, and Vodafone), Forex trading (USD/JPY, EUR/GBP, and EUR/USD), and Commodities (Gold, Silver, and Crude Oil).

The brokerage recently added ‘CFD on Options’ to its extensive range of markets. With trading Options CFDs at Plus500, traders can:

• Call or put options on the MIB 40, Dax 30, S&P500, AEX 25, CAC 40, and FTSE 100.
• Trade option CFDs on the most popular indices in the world.
• Traders can deal on rising, falling, and sideways markets.

Account Types

At Plus500, there is one type of trading account available. This account has a minimum initial deposit requirement of $100. There’s a demo account available for those looking just to try out Plus500’s facilities. This account is unlimited, meaning that you can also use it for backtesting trading strategies. Because it is high-risk to trade forex with leverage, Plus500 has limited its maximum leverage ratio to 1:300.

Regulation

Three authorities regulate Plus500:

• The Financial Conduct Authority regulates and authorizes Plus500UK Ltd (FRN 509909).
• The Cyprus Securities and Exchange Commission authorizes and regulates Plus500CY LTD. Its Licence No. is 250/14.
• The Australian Securities and Investments Commission issued Plus500AU Pty Ltd, AFSL #417727, authorizing Plus500 to provide services to Australian residents.

Platforms

Plus500 features proprietary software. This software contains all the excellent features traders can expect from such a well-known trading site. By using only one screen, clients can initiate all of their trades on multiple markets and they provide live streaming quotes of financial assets. This feature helps to make it easy for traders to start trades and then to maximize their profits. The tradable assets that are available at Plus500 include Contracts for Difference (CFDs), Exchange Traded Funds (ETFs), indices, commodities, shares, and forex.

The platforms at Plus500 are user-friendly, ensuring that its clients won’t have any difficulties when they want to switch between the different trading opportunities. centres can clearly view the open positions and past trades. There are a wealth of resources that they can use, like up-to-date charts and educational resources, for optimizing the trading experience. Plus500 offers its trading platform to mobile (Android and iOS) and web-based traders and as a full download.

Plus500 Mobile Trading

Bonus

Plus500 offers many various bonuses, which is one of its attractive features. The promotions vary, to keep people interested in and excited about the platform.

Deposits Options

Funding your account is easy. There is a variety of safe and secure payment processing options such as Visa/MasterCard, Skrill, cash, PayPal, MoneyBookers, and wire transfer. The company provides more details about each of these payment methods on its site.

Withdrawal Methods

You can only make withdrawals with the same payment processing option that you initially used for depositing funds into your account. In all cases, you’ll need to provide ID.

Customer Support

You can reach customer service centres 24/7 via live chat and email.

Address

Plus500UK Ltd
78 Cornhill
London, England
EC3V 3QQ

Ease of Use

The fact that traders can use the free demo account for an unlimited time is one of the reasons this brokerage stands out from its competitors. While most other brokers have a time limit of two months for demo accounts, Plus does not. Thanks to this unlimited amount of practice time, new users can correctly learn how to navigate the forex market.

Why Trade at Plus500

Since it was founded in 2008, Plus500 provides an excellent online CFD trading service for retail customers. It’s famous for having one of the best investment mobile apps available. The platform also is renowned for its professional, knowledgeable customer service. Also, the Plus500 Group was the first in the industry to introduce the Bitcoin CFD to the world.

To see how Plus500 ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.

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