Plus500 Review
Plus500
Details
| Broker | Plus500 |
|---|---|
| Website URL | https://www.plus500.com |
| Founded | 2008 |
| Headquarters | United Kingdom |
| Support Number | none |
| Support Types | email , live chat , WhatsApp |
| Languages | 32 different languages |
| Trading Platform | proprietary trading platform |
| Minimum 1st Deposit | 100$ |
| Bonus | No bonus |
| Leverage | 1:300 |
| Spread | fixed |
| Free Demo Account | Open Demo |
| Regulated |
 |
| Regulation | Regulated By: ASIC, CySEC, FCA |
| Fees |
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| Account Types | real account , demo account |
| Deposit Methods | Credit Card , PayPal , Skrill , Moneybookers , Wire Transfer |
| Withdrawal Methods | Credit Card , PayPal , Skrill , Moneybookers , Wire Transfer |
| Number of Assets | 2000+ |
| US Traders Allowed |  |
| Mobile Trading |
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| Tablet Trading |
|
| Overall Score | 85 |
Plus500 is a leading online broker for CFD, offering a variety of instruments available, such as Forex, ETFs, stocks, commodities and market indices. It is also a public listed company on the London Stock Exchange. It is regulated by the UK’s Financial Conduct Authority (FCA, FRN 509909) and it also operates under Plus500CY which comes under the Cyprus Securities Exchange Commission. Since it has been operating for almost 10 years, it had managed to become a trustful and reliable broker. It had become reliable due to some features it offers to clients:
- All client money is held in segregated bank accounts, in accordance with the FCA client money rules;
- Plus500 uses its own money for hedging;
- It does not initiate speculative positions in the market.
Although the company does not have a diversified offer in terms of trading platforms and account types, as a client you will be able to get involved in a wide range of markets. Crypto, Indices, Forex, Commodities, Shares, Options, and ETFs are part of the offer. The company is also compliant with the latest European legislation for CFD trading. As a result, it will offer different trading conditions for retail and professional customers.
Trading Platforms
In terms of the trading platform, Plus500 provides its clients with a proprietary trading platform. Primarily, it was a web-based platform, but with time Plus500 made it available for a wider range of operating systems. As a result, aside from the web platform, you will be able to choose from versions compatible with iPhone/iPad, Android, Windows Mobile, and Windows 10. A very simple user-interface and no complicated stuff make the Plus500 ideal for anyone at the beginning with trading.
With regards to trading platforms, it is a big disadvantage if you are used to MetaTrader 4. Unfortunately, Plus500 offers just its own proprietary trading platform. Still, you will be able to monitor your trading activity from a wider range of devices at any time.
Account Types
There’s only a standard account available at Plus500, with different leverage levels for retail and professional clients. For the first category, the leverage is capped at 1:30, while professional clients could use leverage up to 1:300. There are no commissions and spreads are smaller than the market average. Especially if you want to focus on the most popular trading instruments, your trading costs will be very small. Unlike most of the other brokerage companies, there’s no educational section with Plus500, which means you’ll need to search for other sources if you want to learn more about trading. The company looks solely focused on providing trading services and it limits its activity to that. There had been no change along the way with that respect.
Customer Support
In terms of customer support, Plus500 is available on a 24/7 basis. Plus500 customers can get in touch with the company’s representatives through email or live chat.
To make it easier for customers that do not know English, Plus500 had made the platform and website available in 31 different languages, some of them being: Chinese, French, Dutch, Italian, Polish, Russian Arabic, and German.
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