As the name suggests we provide the review of Plus500 CFD broker in terms of usability, reliability, features, customer support, money protection & so on. Discover in-depth Plus500 review to help you understand more on Plus 500.
Plus500 Ltd is one of the leading CFD trading brokers which is authorized and regulated by several leading financial regulators around the globe. The web-based platform serves over a million customers making it one of the biggest and fastest growing brokerage firms in Europe, Asia, and Australia. Plus500 forex platform enables customers to trade CFD in more than 50 countries and 31 languages. Plus500 group is founded in the year 2008. Plus500 Ltd. is also listed in AIM section of London Stock Exchange in the year 2013 & issues its share to public. The Plus 500 trading platform is provided by Plus500 UK Ltd. which is a subsidiary of Plus500 Ltd.
Plus 500 Trading Platform
Forex investors will be happy to know that Plus500 has an in-house trading platform perfect for investors looking for simple, direct trading with spreads as low as two pips availed to customers.
What separates Plus500 forex from the rest of the leading CFD brokers around the globe is the company’s policy to offer a single trading platform to all their clients worldwide.
As an in-house developed platform, the agency distributes it in the following versions:
- A free trading platform customers can download
- An online based trading platform named as Plus500 WebTrader.
- A trading platform accessible through tablets and smartphones
The firm employs the best software engineers in the world that work around the clock ensuring that the platforms integrate and work seamlessly in all three versions. Users switch from one version to the next to ease.
The company’s policy to focus on ‘No Frills Trading’ has attracted many traders as traders prefer using a platform providing the precise information required in an on-screen trade. Furthermore; this is a trading platform perfect for people starting off CFD Trading on Forex, Stocks, Commodities, Indices, ETF’s.
Types of Plus500 Accounts
The platform offers clients two types of accounts, demo account and live accounts. The demo account is a huge hit with forex trading beginners. Users open the account for free and have no time limit.
To activate the live account, users need a minimum operating amount of 100Є. Let us dig deeper in the two accounts and see how they operate.
In this Plus500 review, We have chosen to divulge how the different accounts work on the Plus500 platform.
Plus500 Demo Account
Plus 500 also offer a demo account for their traders which is highly essential for CFD traders to learn about trading CFD and in particular Plus 500 trading platform.
Find more on Plus500 demo account here.
Plus500 Review Live Account
The trading agency offers users a simple and straightforward live account. Users need to upgrade from the demo account to the live account by depositing minimum 100Є.
After trading on the live account for a while, users usually get a message from the company informing them that they’ve been upgraded to Plus500 Gold Account. So long as the firm observes a high volume trade users upgrade to gold and profit from premium discounts.
Plus 500 App
With the Plus500 trading platform, clients have the chance to sell in different markets through on-screen (computer, tablet and mobile platforms).
Many users flock to use the Plus500 trading platform thanks to their various options; commodities, stocks, CFDs, ETFs and indexes trading options on a singular platform.
Users on the online platform only need to have an internet link to access and trade via any computer.
For the Plus500 download, users can save the software on a personal or laptop computer. The mobile trading platform allows users to access their accounts from any smartphone (mobile) device. You can download plus500 windows app, Plus500 iPhone App & Plus500 Android App from the respective App stores.
Plus 500 Advantage
Plus500 trading platform offers two main advantage to its clients which are as follows:
- High Leverage: Among the brokers with high leverage, Plus500 offer maximum leverage for Forex amounting to 1:300. Leverage is the amount customers use to increase the trade value.
Zero Commissions: One advantage of Plus500 is that the company offers trading with zero commissions! Some of Plus500s biggest competitors charge different commissions for trading on different share categories, depending on the country/market. All the while, Plus500 allows the traders on the Plus500 platform to trade with 0 commissions! For example, some of Plus500s biggest competitors charge a minimum commissions charge for every position opened (for example, minimum of 9.00 commissions charge for GBP).
Attractive spreads: Another grand advantage of Plus500 over its’ competitors is that we offer attractive spreads. Please review the following chart which compares the spreads of several different tools that Plus500 offers compared to two of their biggest competitors (please note that Plus500 offers dynamic spreads and that the numbers shown are updated to date March 21st at 10 AM):
Plus500 Tips & Tricks
In order to succeed in Plus500, a trader should always consider the following tips.
- Practice with Plus500 demo account prior to trading with real money.
- Use Plus500 Risk management tool for good management of your capital.
- Gain knowledge of financial market including technical & fundamental analysis.
- Get accounted with chart reading & market movement.
Please note ”CFDs are leveraged product & your capital is at risk.”
Safety and Regulators
Plus500 UK LTD is authorised and regulated by the Financial Conduct Authority(FRN 509909).
Plus500 CY LTD is authorised and regulated by Cyprus Securities and Exchange Commission(Licence No. 250/14).
Plus500 also registered as Plus500 AU LTD in Australia and regulated by Australian Securities and investments Commission – Australia only.
The UK-based FCA regulator has created a reputation for operating a strict and stern financial authority. FCA offers investors a hundred percent of the initial claim of £50,000. The FCA demands that clients funds should be deposited in isolated accounts. The act has been effect to offer clients a guarantee for their funds.
Plus500 Withdrawal & Deposit
As we write this Plus 500 review, users should know that the Plus500 platform remains very clear and uncomplicated. The trading account can be funded through the following ways:
Wire Transfer: Users using this method will have to wait three days for the deposit to be processed. To activate this deposit, users only need to click on the Funds Management icon and select the “Send Me Wire Details”.
Afterward, an email carrying the wire transfer details is sent to the user from Plus500 with all the banking details.
Debit and Credit Cards: Visa and MasterCard platforms are some of the easiest ways to start trading. Users using these platforms can execute the payment and trading through the Plus500 cashier screen.
On the screen, clients are asked to submit the necessary card information needed to begin trading instantaneously.
Moneybookers: Another straight forward payments process. Users select the Funds Management Icon, checks the Moneybookers option and proceeds to supply the necessary information.
PayPal: The newest paying platform on the Plus500 trading process. The process is both sound and easy to execute. Users’ need only to access the primary trading lobby screen, select the Funds Management Icon and select PayPal option and finally enter the amount.
Users will proceed to insert their individual PayPal details and confirm the transaction in the new window.
Plus500 do have good customer support team which is available 24/7 through email correspondence and live chat feature.
We hope these Plus500 reviews have given you the necessary information you need to create a Plus500 demo or live account. Traders using this brokerage platform as guaranteed by the FCA their funds are secured. Try out Plus500 and make money with CFD Forex Trade!
Please note ”CFDs are leveraged product & your capital is at risk.”