Founded in : 2008
Headquarters : Israel
Regulation : CySEC, ASIC, FCA, and MAS
Platforms : Plus500
Leverage : 1:30; 1:50 but it varies with each subsidiary; 1:300
Minimum Deposit : USD$0
Risk Warning: With Plus500, 76.4% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money
Who are Plus500?
Plus500 is a brokerage firm that specializes in CFD; they were established in Israel in 2008. Many clients claim that Plus500 is very safe and secure, which is why it is one of the most trusted and globally refined brokerage firms across the world. Currently, they have various branches all around the globe; their branches are in places like: Cyprus, UK, Australia, Singapore, and many other places throughout the world map. Plus500 has over 317 thousand active clients, where they keep their funds safe and their identities private.
Plus500 allows retail and professional clients to trade CFDs on a range of commodities, where their financial services are available in more than 50 countries. They also have quality technical support in thirty two languages, where they offer 24\7 assistance for their clients, giving them a generous response from their clients who appreciate their attentiveness. Also, Plus500 constantly enhances their financial services, provides their clients with fair and just trading conditions, and they have developed many programs that are top-of-the-line programs that are recommended for large communities, traders, and associations.
What are Plus500 Licenses and Regulations?
Plus500 is known as a trademark that operates under Plus500 Ltd, which is authorized by the jurisdiction of several financial regulators. Plus500 are authorized and regulated by these financial regulators, Cyprus CySEC (#250/14), UK’s FCA, MAS in Singapore, and Australian ASIC. This shows that this trading provider is qualified to provide Contracts for Difference (CFDs) and several other commodities; it is done through the execution of strict security procedures of trading performance established by several different regulatory agencies. Also, Plus500 Ltd is listed on the Main Market of the London Stock Exchange, where it is displayed with a quality Forex background.
Aligning with the CySec, FCA, ASIC, and other financial authority regulatory agencies, Plus500 are obliged to abide by security instruments to protect clients. This means that the brokerage firm is obligated to provide maximum protection of clients’ funds through different tools, as well as implementing security procedures under any situations. The clients’ funds are put into segregated accounts, so the brokerage firm utilizes its own funds for business purposes. Furthermore, it is considered to be a safe and secure broker to trade with, because of their strict security procedures and constant audit. Many financial regulatory agencies constantly audit their records to ensure that they are transparent and strict about their policies.
We strongly urge traders to have Plus500 as their brokerage firm, since it is very strict on keeping their clients happy and secure.
Plus500 Trading Platforms
Plus500 has simple and easy-to-use trading platforms for CFDs, which is a broker trading platform. There are various versions that are suitable for any device to use; it is available on desktop and mobile platform. They are designed very professionally and it is one of the highest rated CFD trading applications on the App Store and Google Play; they are both easy to use and beginners can easily navigate through it.
Despite the main aspects, Plus500 trading platform allows them to control accounts with risk-management tools; these tools include: Stop Limit, Stop Loss, Guaranteed Stop, and Free notifications. Additionally, all trader accounts are confined with Negative Balance Protection; the Negative Balance Protection means that the trader cannot lose more than the initial amount in the account.
What are Plus500’s Trading Instruments and Accounts?
Plus500 is an eminent corporation that is expanding by the day; it also has the reputation as one of the leading CFD providers that offers a portfolio for more than 2000 instruments. The brokerage firm allows customers to trade on movements in the price along with an inventive trading technology. The trading instruments that Plus500 trades indices, shares, ETFs, Forex, and other options without having to actually buy or sell the original tool. They are also offering a large range of crypto-currency trading.
In order to keep it simple, Plus500 offers one account, known as the standard trading account. This is because the only accounts that are available are individual trading accounts on Plus500. Traders also have the option to choose an unlimited Demo Account, which is fortunately, for free. The Demo Account can be converted into a real trading account that becomes live.
Plus500 is continuously introducing new commodities and services in order to meet their clients’ requests. Currently, crypto-currencies trade is the new trend and is on the rise, so it has taken this trend into consideration. They provide a comprehensive variety to trade Bitcoin, Ethereum / Bitcoin, Bitcoin Cash, Ethereum, Litecoin, NEO, Ripple, IOTA, Monero through CFDs. Another crypto-currency condition is that the market is open twenty-four hours a day, seven days a week; the crypto=currency would be open, while the rest of the markets closed. However, they are only available for crypto-currencies one hour on Sundays.
Therefore, sophisticated risk management’s tools are utilized in order to control any security measures, since crypt-currencies are considered extremely unpredictable instruments. Crypto-currencies are traded with CFDs on crypto-currencies, which mean traders cannot buy\sell crypto-currency alone.
What are the Plus500 Trading Fees and Conditions?
One of the main points of measurement while deciding on a broker is the cost of trading. Plus500 implements transparent fee structure, where they show how the fees are structured. The service offered on a built into the spread basis with no extra charges for the trader. In fact, the spread for Plus500 is one of the tightest spreads in the industry; it is generated by Plus500 and it represents a trading cost towards traders. That system allows access of the calculation and is the best appropriate choice to many traders. Apart from that, the traders must acknowledge about additional fees that may occur to the accounts, depending on the activity.
There is also a Trading Fee, known as Overnight Fee; this is applicable to those positions that are spending more than twenty-four hours. The fee is subtracted from the trading account on a percentage basis. There is an inactivity fee of up to ten dollars is charged, if the trader did not utilize the trading platform for a phase of three months. This happens in order to protect service availability and adjusted to live accounts only. Plus500 Guaranteed Stop Order is a particular feature that ensures trader requested rate, yet focus to a slightly wider spread. This is a practical instrument during high volatility circumstances, which is at the traders’ disposal.
Plus500 Trading Leverage
Under the security regulations that authority agencies impose on the brokerage firm, there are several different restrictions for leverage. The residents of several countries that fall under specific jurisdiction will mean that there are some differences between the maximum leverage levels. The traders in CySec in Cyprus and the FCA in the UK will benefit from a maximum leverage level of 1:30. For MAS Singapore clients, they are allowed the maximum leverage level of 1:50, but it varies with each type of subsidiary. Finally, for Australian ASIC traders, they are allowed up to 1:300 for its maximum leverage level.
What are Plus500’s Deposits and Withdrawal Methods?
Plus500 are regulated and certified in the countries where they operate; they must abide by all the regulations to keep their client’s protected. Plus500 has an excellent customer support and client-oriented policy; this makes funds interactions a smooth process. It also offers a free charge for deposits, and Plus500 charges all of the interactions to the client.
Plus500 has a minimum deposit amount that contrasts, depending on the jurisdiction where the trading account is opened. Each deposit technique has its own minimum deposit level, but the general amount starts from one hundred dollars. Plus500 sustains various methods of deposit or withdrawal in trading accounts; these methods are: Visa or MasterCard debit and credit cards, E-wallet such as PayPal or Skrill, and bank transfers. The withdrawal request takes normally one to three business days, which is a fairly quick time frame.
Plus500 has a free of charge withdrawal fee, where the trader requests to withdraw more than the minimum amount. All withdrawal methods have a threshold for its minimum amount; typically the minimum amount is about one hundred dollars. This is a very beneficial asset of Plus500.
Educational Materials and Resources
Plus500 offers a Key Information Document (KID) that defines the basic procedures of every accessible trading tool and the jeopardy that is linked with trading it. The KID has a summary on all their products that are traded; these are commodities, crypto-currencies, ETFs, Forex, indexes, options, and equities.
Conclusion on Plus500
Plus500 is a brokerage firm that specializes in CFD; they were established in Israel in 2008. Many clients claim that Plus500 is very safe and secure, which is why it is one of the most trusted and globally refined brokerage firms across the world. Plus500 is known as a trademark that operates under Plus500 Ltd, which is authorized by the jurisdiction of several financial regulators. These financial regulators include Cyprus CySEC, UK’s FCA, MAS in Singapore, and Australian ASIC. , Plus500 offers one account, known as the standard trading account. This is because the only accounts that are available are individual trading accounts on Plus500. Traders also have the option to choose an unlimited Demo Account, which is fortunately, for free. The Demo Account can be converted into a real trading account that becomes live.