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Plus500 provides an easy-to-use platform for people around the world to trade online.
Plus500 Main Highlights
| 🚀 Minimum deposit: | 100$ |
| ⚖️ Leverage: | Up to 1:300 |
| 🛡️ Regulations & Licenses: | FCA, CySEC, ASIC |
| 💵 Deposits/Withdrawals: | Master card, Visa, PayPal, Bank transfer |
| 💻 Trading platform: | Plus500, WebTrader, Windows10Trader, Mobile app |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | plus500.com |
A Look at Plus500
Plus500 is a well-known global trading platform that provides customers with CFD (Contracts for Difference) services.
Since its establishment in 2008, it has quickly become one of the world’s leading brokers, expanding its operations to over 50 countries all over the world. Plus500 is a publicly-traded company on the London Stock Exchange and is considered a great option for experienced traders who want to trade in CFDs.
The company has a wide range of products, competitive fees, and an array of features that make it one of the top brokers in this market.
Plus500 Top Features
Demo account
Plus500 provides a free demo account so that traders, especially beginners, can practice different trading tactics without risking real money. Plus500 is committed to helping its clients hone their trading skills and offers educational materials to support them.
Economic calendar
Plus500 provides a newsfeed and economic calendar within its platform, so traders can stay knowledgeable on the latest news and data without having to switch to another program or website. Sadly, Plus500 doesn’t use the popular MetaTrader 4.
However, clients are still able to access high-quality technical analysis charts and a variety of technical indicators to support their trades.
Education
Plus500 offers an extensive and convenient learning center available for all customers regardless of experience. The study center includes various materials, like video tutorials, seminars, and step-by-step instructions.
These resources cover the entire Plus500 trading platform from the basics of how to place an order up to more advanced topics like constructing a custom portfolio.
Additionally, the learning center is consistently updated with new content, so customers can always stay up-to-date on the most recent features and changes. Plus500’s dedication to providing top-notch educational materials makes it an ideal choice for those seeking to gain more knowledge on online trading.
Plus500 Regulations and Licenses
Security should be your top priority when selecting a brokerage firm to trade with. Always make sure that the brokerage is regulated by the financial authority in your area.
- Plus500CY Ltd authorized & regulated by CySEC.
- Plus500UK Ltd is authorized & regulated by the Financial Conduct Authority, or FCA.
- Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority.
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore.
- Plus500AU Pty Ltd, licensed by: ASIC in Australia, AFSL#417727, FMA in New Zealand, FSP#486026; Authorised Financial Services Provider in South Africa, FSP #47546
Plus500 Trading Instruments
There are many different financial products, with over 2500 items to trade on its platform.
Stocks
They provide traders with the opportunity to buy and sell stocks from major markets around the world. They offer access to the stock market of 23 countries, such as the U.S., the U.K., Germany, and Australia.
Cryptocurrencies
You can invest in some of the most popular cryptocurrencies, such as Bitcoin, Ripple, Ethereum, and Litecoin. However, when trading cryptocurrency CFDs with Plus500, you do not actually own the digital asset.
Indices
Plus500 offers trading on a variety of indices, including some of the most well-known, such as the VIX and UK100, as well as more unusual indices like HUNG and BGCANG. There are currently 29 indices available.
Forex
Plus500, like many other forex brokers, offers a wide range of currency pairs for trading. There are over 70 FX currency pairs available on their CFD platform, including all of the major currency pairs.
Plus500 Deposits & Withdrawals
In most cases, they cover the processing fees associated with payments. On occasion, your payment issuer or bank may charge fees when transferring money to and from your Plus500 account1.
Plus500 Trading Platforms
Web trading platform
Platform is available on various devices and can be used on desktop and mobile. It features its own trading platform WebTrader, which provides an easy-to-use experience for experienced traders. It also offers cryptocurrency trading (where available according to regulations), and the platform now includes an exchange wallet.
Mobile trading platform
It offers a mobile and tablet app (iOS and Android) for its customers who want to access their trading platform on the go. The app has the same features as the desktop version, allowing new customers to open an account, make a deposit and start trading all the CFD products.
Read more: Dukascopy Review 2023: Is It a Good Broker? | Brokers Times
FAQs
Is Plus500 a scam?
No, It is a regulated broker.
Is Plus500 securities legit?
Yes, it is authorized and regulated by CySEC, ASIC, and FSCA.
What is the minimum deposit for Plus500?
100$
Where are the offices of Plus500 located?
Haifa, Israel.
PLus500 Pros
- Wide range of trading assets
- Mobile trading available
PLus500 Cons
- The trading platform stops working temporarily.
- Issues with taking out money.
