Plus500 Review

Plus500 at a glance:

Regulation : Yes (CySEC)
Minimum Deposit : $200

Demo Account : Yes
USA : No
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

Plus500

General Overview

The original Plus500 Group was founded in 2008 and it has been active in the financial industry ever since. They have been constantly developing their trading platforms and adding more assets for their clients to trade.

Plus500 also offers an education which includes an introduction to CFDs, basic trading knowledge (opening and closing positions, leverage and margin, risk control and account balances) and how to trade at Plus500.

At Plus500 you can select from two different account types, Retail and Professional. The differences between these two accounts are mostly related to the max leverages offered to the account holder. The Retail account is the most common account type as to be eligible for the Professional account, you need to have at least a year of active trading, a large financial instrument portfolio and relevant experience in the financial services sector, meaning that you are working, or you have worked in the financial sector.

Assets Coverage

Plus500 offers a lot of different trading instruments for their clients. The instruments include indices, forex, commodities, cryptocurrencies, shares, options and ETFs. Just select the one you are interested in or have the knowledge and you will be provided with a lot of different instruments inside any of the categories mentioned above.

Types of Platforms

Plus500 offers their trading platform for multiple operating systems. It can be used with Windows 10 computers, iOS, Android and Windows Phone mobile devices. You can also use the Web Trader platform which allows you to trade online without downloading any software. As there is no downloadable trading platform available for Mac computers at this moment, you need to use the Web Trader platform.

Deposits and Withdrawals

You can deposit to your Plus500 account with debit and credit cards, PayPal, Skrill or with bank transfer. You can use these same methods when withdrawing your funds from your account.

Customer Service

Customer service is available 24/7 and it can be contacted by email, live chat and contact form. The website is available in many different languages which makes the website easy to use non-native English speakers. The FAQ section also offers valuable information about Plus500 and how they handle different things.

Safety & Security

As Plus500 is regulated by the CySEC, they keep the client’s funds on segregated bank accounts. They do not use client funds for hedging. They also have a negative balance protection.

Verdict

Plus500 has a long history in the trading industry and they are constantly developing. Plus500 has a large quantity of different assets to offer for their clients, making it a good choice for traders who want to have a diverse portfolio. The Plus500 trading platform is available for many different devices making trading possible on the go. AAs Plus500 is regulated and licensed broker it can be trusted to handle your transactions.

 

Start Trading with Plus500

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”