- REGULATION: CySEC, FCA, AFSL
- DEMO: Free
- MIN. DEPOSIT: 100$
- ASSETS: 2000+
- SPECIAL: Crypto CFDs
- LEVERAGE: Max: 1:30
Trade in the most popular world markets and explore endless trading opportunities. We offer thousands of financial instruments, FREE real-time quotes and 24-hour online support.
Let’s see if Plus500 is a reliable CFD broker. Our experienced experts have studied this company and are ready to provide you with a review and conclusion on it.
Since 2008, currencies, cryptocurrencies, indices, stocks, ETFs and options can be traded in the form of CFDs. The broker is a CFD distributor and is paid by the spread. Plus500 is a sponsor of the famous football team Atletico de Madrid. The development of the company is aimed at transparency and innovation in the trading platform.
PLUS500 Trading Platform
Plus500 trading platform can offer a trader:
- Stop Limit / Stop Loss / Trailing Stop
- Guaranteed Stop
- Negative balance protection
- FREE email alerts and push notifications of market events
- Alerts about price movements, changes in% and opinion of traders
- Tight spreads
- No commission
- Leverage up to 1: 300
- Fast and reliable order execution
The trading platform is universal and runs on any PC or mobile phone. I must admit, the application is really convenient to use, it has a simple and clear design. Beginners can learn to trade on a free demo account, which is unlimited.
The company does not charge any commission on its trades. All costs are included in the spread for each of the more than 2000 trading instruments on the Plus500 platform. It doesn’t matter if you are trading 1000 lots or just one, the spreads will be the same. No fees, but inactivity fees take effect after 3 months of inactivity.
A “professional” account with a higher maximum leverage level can increase the maximum leverage tenfold, from 1:30 to 1: 300.
Regulation and Safety
Regulation and security are very important parameters in online trading. Many criteria and requirements must be met for a broker to receive a license from a state overseer. Violation of the rules may be punishable by deprivation of a license.
Since Plus500 LTD owns several subsidiaries, various rules apply. The company is regulated in many countries. For example, European traders trade under a license from the UK. Plus500 UK Ltd is authorized and regulated by the FCA (# 509909). This provision provides tremendous security as customer deposits are covered up to £ 85,000 (deposit insurance).
The broker does not have corporate or government debt.
In addition, Plus500UK LTD shares accounts of deposit holders and equity. Client money does not go to hedging agents in various investment programs. All this makes Plus500 a reliable broker.
Plus500 doesn’t have many customer service options, but it does, with live chat and email support available 24/7. No phone calls, just email. However, it is worth noting that we received answers to questions rather quickly, in just a few minutes.
The chat is very easy to use and the initial communication is similar to communicating with a chat bot, but apparently Plus500 has already collected an impressive database of questions and answers, and the robot provides really correct answers to questions in the chat from the FAQ section and simply in the form of quick answers.
In addition, the system has a good quick search that will help you find answers to any questions about the database.
What you need to know
Plus500 is best suited for the economical trader. This broker has very favorable spreads, which helps keep costs down. However, additional features like automated trading, MT4 and advisors are not available. Seasoned investors who prefer to enter and exit their trades manually can find a trade-off between functionality and lower costs.
Plus500 is regulated in the UK by the Financial Conduct Authority. Which is a definite plus. Many investors are nervous about the lack of protection for accounts held with dealers in Cyprus or similar jurisdictions.