Plus500 Review

โ„น๏ธ Important Info

๐Ÿ“ˆ Regulated by : ASiC, CySEC, FCA
๐Ÿข Headquarters : United Kingdom
๐Ÿ’ฐ Min. Deposit : 100 USD
๐Ÿ’ฐ Max. Leverage : 1:300
Plus500 is a safe Forex broker. ๐Ÿ“ˆ Regulated - ASiC, CySEC, FCA. ๐Ÿข Company - Plus500UK Ltd. To find the more best forex brokers reviews ๐Ÿ‘‡.
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Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

Plus500 is pular forex and CFD brokerage brand that offers its services globally through the internet. The companyโ€™s head office is in Israel while the branch offices are in the UK, Cyprus, Australia, Bulgaria, and Singapore. Plus500 began operations in 2008 and has since become a global brand with over 300,000 active customers from over 50 countries. Plus500 stock shares are publicly traded on the London Stock Exchange (PLUS: LSE). It is also part of the UK FTSE 250 index.

plus500 review

 

Plus500 Regulation and Security

Plus500 is licensed and regulated in various countries. In the UK, the FCA regulates its operations. In Australia, the ASIC controls its operations. MAS regulate broker operations in Singapore. The ISA regulates the Israeli operations while CySEC regulates its operations in Cyprus and other European regions.

All client funds are securely held in segregated bank accounts and are not used by the broker for its daily expenses. The UK and European clients are covered by insurance provided by the Financial Services Compensation Scheme (FSCS). The FSCS can pay traders up to โ‚ฌ20,000 if Plus500 becomes insolvent. To further protect its clients, Plus500 has implemented standard security measures, including SSL, which encrypts all data transmitted over the internet.

Tradable Assets on Plus500

Plus500 assets index consists of 70 forex pairs, 30 indices, 12 crypto assets, 22 commodities, over 80 ETFs, and numerous stock shares and options. The broker asserts that it offers over 2000 trading instruments.

Trading Account Types

It takes only a few seconds to open a Plus500 trading account. If you already have a Facebook or Google account, Plus500 can receive your profile information from these websites. The broker only offers one retail account to all clients. $100 is the minimum deposit required, and the maximum leverage is 1:300. But, clients in the European region are offered a maximum of 1:30 due to the European Securities and Markets Authority (ESMA) restrictions. Also, eligible European clients can request for โ€˜Professional Accountsโ€™. This professional account is exclusively for experienced traders with huge trading capital. It comes with increased leverage capped at 1:300. Demo accounts are always available at no cost and without restrictions.

Trading Conditions

All broker charges are integrated into the spread as Plus500 charges no commissions at all. The spreads offered on most instruments are low compared to other brokers. For instance, the spread of the popular EURUSD averages 0.7 pips. Rollover fees apply to accounts that maintain open positions overnight. When an account is not used for 90 days, Plus500 starts charging โ€˜inactivity feesโ€™ of $10 every month.

Payment Options

Several payment methods are available depending on the clientโ€™s country of residence. Paypal and Skrill are the global e-wallet payment options accepted by Plus500. Popular debit/credit cards such as Mastercard and Visa cards can be used for deposits and withdrawals. Cards and e-wallet deposits are processed instantly while withdrawals take 3-7 days. โ€˜Bank transferโ€™ is the direct transfer of funds between a brokerโ€™s bank and the clientโ€™s bank. It can be used for both deposits and withdrawals. Bank transfers take 5-7 days for the process to complete.

Web, desktop and mobile trading platforms

Plus500 offers only its proprietary trading platform to all clients. The platform is available as WebTrader, which can be accessed through web browsers. Plus500 platform is also available for downloads on windows 10 desktop computer and on mobile devices including android, iOS, and windows phone. The platform is user-friendly, customizable, and is available in 30 languages. It has over 90 inbuilt indicators, drawing tools and 8 chart styles that can be displayed against 10 timeframes. Tools like price alerts, trailing stop, economic calendar, etc. are featured in the trading platform.

Customer Support

The Plus500 support desk is constantly available 24/7. They can be reached through email, online chat, WhatsApp, and on social media; Facebook, Instagram, and Twitter. The support team is multilingual, courteous, and always ready to assist.

Research and Education

Unlike most top brokers, Plus500 does not provide daily news, analysis, and market insights on its website or platform. Three video lessons are provided on the โ€œTraderโ€™s Guideโ€ page on the website. It consists of lessons on Slippage, how to trade with Plus500 and CFD trading. The total time duration of the videos is less than 5 minutes. This is incapable of training a newbie.

Bonus and Promotions

Plus500 offers some bonuses to its non- European clients. โ€˜Initial Depositโ€™ bonus is given to eligible new traders. Up to $10,000 can be received from the bonus depending on the deposit amount and the frequency of trading. โ€˜Rebatesโ€™ are weekly rewards given to active traders. It automatically accumulates as the open trader positions by buying or selling assets of interest. The rebates are ready to be credited to the traderโ€™s account every week. โ€˜Trader pointsโ€™ are received based on a clientโ€™s trading activity. In order to withdraw a bonus, a specific trader point must be reached. ย Plus500 is the principal sponsor of the Spanish football club โ€œAtletico de Madridโ€ who plays in the Spanish premier league known as โ€œLa Ligaโ€. They are 10 times La Liga Champions, 10 times โ€˜Copa del Reyโ€™ champions and the 2017/2018 Europa League Champions. Atletico de Madrid players wear Plus500 crested football jerseys.

Conclusion

Plus500 is an experienced broker that has been in operations for over a decade. The broker offers a wide range of trading instruments on its proprietary platform. It is a regulated broker that complies with the stringent regulatory provisions.

However, the lack of trader education and daily research will deter many new traders from patronizing this broker. Most expert traders use trading systems, forex robots, Virtual Private Server (VPS) and complex trading strategies which are unavailable in the Plus500 platform. In summary, Plus500 is a reputable broker, but its services may not meet the demands of every type of trader.

General Information

๐Ÿ“› Broker Name : Plus500
๐Ÿข Company Name : Plus500UK Ltd
๐Ÿ“… Foundation Year : 2008
๐Ÿ“ˆ Regulated by : ASiC, CySEC, FCA
๐Ÿข Headquarters : United Kingdom
๐Ÿ“‰ Broker Type : Market Maker
๐Ÿ’ฑ Base Currency : USD
๐Ÿข US Traders :

Trading Preference

๐Ÿ’ฐ Min. Deposit : 100 USD
๐Ÿ’ฐ Max. Leverage : 1:300
๐Ÿ’ฐ Minimum Spreads :
๐Ÿ“’ Demo Account :
๐Ÿ“’ Mini Account :
๐Ÿ“’ Standard Account :
๐Ÿ“’ VIP Account :
๐Ÿ“’ Premium Account :
๐Ÿ“’ Segregated Account :
๐Ÿ“’ Islamic Account :
๐Ÿ“’ Managed Account :
๐Ÿ“’ Pamm Account :
๐Ÿ“’ Affiliate Account :

Payment Options

๐Ÿ’ฐ Deposit Methods : Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer
๐Ÿ’ฐ Withdrawal Methods : Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer

Trading Features

๐Ÿ’ฐ Trading Platforms : Plus500
๐Ÿ’ฐ Fixed Spreads :
๐Ÿ“ˆ Commission on Trades :
๐Ÿ“ˆ Hedging :
๐Ÿ“ˆ Scalping :
๐Ÿ“ˆ Automatic Trading :
๐Ÿ“ˆ Mobile Trading :
๐Ÿ“ˆ Web Trading :
๐Ÿšฅ Signals :
๐Ÿ“ช VPS Services :
๐Ÿ“ง Email Alert :
๐Ÿ“ฐ Trading News :

Trading Instruments

๐Ÿ“Š Forex/Currencies :
๐Ÿ“Š Commodities :
๐Ÿ“Š CFDs :
๐Ÿ“Š Indices :
๐Ÿ“Š ETFs :
๐Ÿ“Š Stocks :
๐Ÿ“Š Crypto Currency :

Promotion

๐ŸŽ No Deposit Bonus :
๐ŸŽ Deposit Bonus :
๐Ÿ† Contest :
๐ŸŽ Other's Promotion :

Get Latest Plus500 Promotion

Support

๐Ÿ”ฅ 24-Hours Support :
๐Ÿ”ฅ Support During Weekends :
๐ŸŒ Web Form :
๐Ÿ’ฌ Live Chat :
๐Ÿค™ Call-Back :
โœ”๏ธ Support Language : Arabic, Dutch, English, French, German, Hebrew, Italian, Polish, Spanish

Contact Information

๐ŸŒ Website : https://www.plus500.com
๐Ÿ“ง E-mail : [email protected]
๐Ÿ“ž Telephone : N/A
๐Ÿ–ท Fax : N/A
๐Ÿ“‹ Address : Plus500CY Ltd, 1 Siafi Street, 3042 Limassol United States

User Feedback

1 Review

Add Your Review
  1. Stay away . Or you will lose all your money . If you think you are geniuses and you will make money. You are wrong.

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