What is Plus500?
Plus500 was founded in 2008 in centra Israel and now operates several entities around the Globe, for example in Singapore, Cyprus, UK, Australia, and a few more.
Plus500 serves over 320+ thousand active clients, 37+ Million Positions were opened and traded which valued of over 1270$ billion just for last year.
as you can see this makes the company one of the bigger ones in the Market.
so why did Plus500 become so Big?
Plus500 permits individual and professional customers to trade CFDs on an array of assets in more than 40 countries with utmost support in 32 different languages 24/7 and truly global coverage of the empowered operation.
In addition, Plus500 constantly boosts their trading services, generously rewards clients with fair trading conditions, as well as developed various award-winning programs that are suited to large communities, internet marketers and dealers.
Plus500 is an essential Sponsor of Club Robusto de Madrid, 2016 Champions League finalists and 2013-2014 “La Liga” champions.
Is Plus500 safe or a scam?
Plus500 is a trademark, operated under Plus500 Ltd which comes under the jurisdiction of several regulators and including Cyprus CySEC, UK’s FCA, Australian ASIC and MAS in Singapore. Hence, the broker is eligible to offer Contracts for Difference (CFDs) and various underlying products through the application of the strictest guidelines of trading performance set by various regulatory bodies. In addition, Plus500 Ltd is listed on the Main Market of the London Stock Exchange with a solid financial background.
|Plus500 entity||Regulation and License|
|Plus500CY Ltd||CySEC (Cyprus) registration no. 250/14|
|Plus500UK Ltd||FCA (UK) registration no. 509909|
|Plus500AU Pty Ltd||ASIC (Australia) registration no. AFSL 417727|
|FMA in New Zealand, FSP 486026|
|Authorized Financial Services Provider in South Africa, FSP 47546|
|Plus500SG Pte Ltd||MAS (Singapore) registration no. CMS100648-1|
|Plus500IL Ltd||Registered in Israel and licensed to operate a trading platform|
According to the CySEC, FCA and other respectable regulations, the broker highly complies with numerous customer protective tools.
This obliges to afford maximum protection of funds under various guidelines, as well as to apply safety measures for any reason.
The client's funds are paid into a divided trust accounts, so the broker uses its very own funds for hedging or any type of other business purposes.
As a result, Plus500 considered being a safe broker to trade or invest with, due to their heavy regulation and continuous review from the earth reputable government bodies.
Plus500 as fast-growing and one of the leading CFD providers offer a profile of over 2000 financial instruments. The broker enabled clients to transact on actions in the cost alongside progressive trading technology, of commodities, shares, Indices, Forex, ETFs and options without having to sell or buy the root instrument, also offering a quite big range of crypto trading.
To keep simplicity, Plus500 provided a typical trading account to their clients, as well as the fact that only trading accounts of individuals are allowed at Plus500.
To practice trading or to try it out, traders can pick a free endless demo profile, which may also be converted to the actual trade for cash.
Plus500 Cryptocurrency trading
The organization is constantly presenting new products and services to meet the clients’ trading needs. Because the Cryptocurrencies control is now market “boom”, Plus500 included this chance to you too, offering a quite comprehensive range to control Bitcoin, Ethereum / Bitcoin, Bitcoin Money, Ethereum, Litecoin, NEO, Ripple, IOTA, Monero through CFDs.
Another cryptocurrency specification would be that the market is open up around the clock even on weekends (excluding Weekends at 13: 00-14: 00 UTC), as the rest of the marketplaces closed. Therefore, advanced Plus500 risk management tools are extremely useful here for control measures, since crypts are incredibly volatile equipment. The Cryptocurrencies are exchanged with CFDs on cryptocurrencies, means you may not purchase cryptocurrency themselves.
Underneath the regulatory limitations and enforce of certified operation, the residents of numerous countries that fall under particular jurisdiction will face some variations between leverage levels provided by Plus500.
Therefore, the European CySEC and FCA regulated traders will enjoy no more than 1: 35 leverage put on Forex selling accounts, while Singapore PORÉM traders should get a multiplication of Plus500 influence up to 1: 50. Earlier years, the majority of the investors knew high leverage levels up to at least one: 300, which fact still remains as a legal option only in line with the Australian ASIC regulation and also to those clients who authorized with the Plus500AU organization.
One of the computing point while choosing an agent is the price of trading. The broker is applicable a clear cost framework with no impresses, while Plus500 service offered on a constructed into the pass on basis without additional charges.
In fact, the spread is one of the tightest stretches in the industry, while spread at first means when the speculator open position the difference between asking and bid price will be produced by the Plus500 and represents a trading cost. That system allows simpleness of the calculation and it is the best suitable strategy to many dealers. Apart from that, the traders ought to know about additional fees which may take spot to the medical data and depending on activity.
Plus500 Overnight fee ( rollover)
Plus500 Overnight fee or overnight funding applies to those positions that are referred to be considered a long position, which is held after having a certain time. The payment is deducted from the account on the percentage most basic.
Plus500 Lack of exercise charge as high as $10 is charged just in case the trader did not use the trading platform for an interval of 3 months. This happens in order to obtain service supply and modified to real accounts only.
Plus500 Certain Stop Purchase is a particular feature that guarantees your requested rate, yet susceptible to a slightly larger spread. This really is a very useful tool during high volatility conditions, which remains at the traders’ removal.
Plus500 Trading Platforms
Plus500 has an easy, intuitive and simple to use trading interface for CFDs this is a broker amazing trading platform. The are several variations ideal for any device basic web investor platform, and mobile system especially smartly designed and is one of the highest-rated CFD trading applications on Apple’s App Store and Google Take up. Both web and mobile platforms are super easy to navigate and use, even beginner bypass quickly, yet platform run with advanced technical signals, charts and real-time notifications with an financial work schedule, which allows much deeper analysis of the price moves.
Apart from main features, Plus500 trading platform allows to control account with risk management tools, such as Stop-Limit / Stop Loss as well as Trailing Stop (Automatically Limit a Position’s Losses Whilst Locking In Profits), Guaranteed Stop and FREE notices. In addition, all clients’ data files are guarded with Unfavorable balance safety, means the trader can lose more than initial accounts amount.
Plus500 Deposits and Withdrawals
Plus500’s subsidiaries are authorized and regulated in the jurisdictions in which they operate, and comply with all client money rules and also a necessary degree of protection. In most cases, Plus500 has a great customer assisting and focused policy, that makes funds deal smooth process and is totally free for build-up nor none of the prices are exceeded to the customer. However, if the client made a deposit in a different foreign currency to that which account is denominated in, the company may pass on commissions for transformation.* 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 minimum deposit
Plus500 minimum put in varies according to the jurisdiction under which the trading account is opened. Crucial to note, each deposit method has its own minimum amount deposit level as well, while generally, the deposit considered to be beginning with 100$.
Plus500 supports several ways of payment in or revulsion in trading accounts: Debit/Credit cards (only Visa or MasterCard debit/credit cards are acceptable), E-wallets (PayPal or Skrill), Lender transfer (direct bank to bank cash transfer). Deal of funds a quick process at Plus500, the time framework for digesting a drawback request is usually within 1-3 business day.
Plus500 funds management
Plus500 withdrawal cost is $0 in case the trader demands to pull away more than an arranged minimum amount and up to five each month times. Almost all withdrawal methods have the least amount of thresholds, which may be found on the alienation screen on the forex trading platform. Typically, the minimum amount is about 100$, and indeed is an extremely generous and great section of the Plus500 offering.
Conclusion on Plus500
Having operated so far for ten years, Plus500 obtained a name of a trust worth broker with a considerable variety of appliances, covered by CFDs trade as well as OTC procedure model. Intended for the quality of service, Plus500 witness’s ability to protect all needs from the traders and truly gained its reliable and groundbreaking, yet simple trading environment.
However, the broker dealing with CFDs only, which are usually leveraged products with high-risk, so traders should determine their activities when they trade CFDs. Besides, one of the constraints of the organization is that there is absolutely no educational support, as well as analyst suggestions or important data. However, this is not an extremely negative aspect because the major to potential success conditions of Plus500 are in a very lasting level.
Likewise, it will be great to know your own personal thoughts and opinions about Plus500, which you might share in the review area below.
* 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.