Plus500 review

Plus500

Plus500

https://www.plus500.com

  • Leverage: 1:30

  • Regulation: FCA, CySEC, ASIC, MAS

  • Min. Deposit: 100 US$

  • HQ: Israel

  • Platforms: Plus500 Platform

  • Found in: 2008

Plus500 Licenses:

  • Plus500UK Ltd - authorized & regulated by the FCA (#509909).
  • Plus500CY Ltd - authorized & regulated by CySEC (#250/14).
  • Plus500SG Pte Ltd - authorized by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). 
  • Plus500AU Pty Ltd (ACN 153301681) - authorized by ASIC in Australia, AFSL #417727; FMA in New Zealand, FSP #486026; Authorized Financial Services Provider in South Africa, FSP #47546.

What is Plus500?

Plus500 was founded in 2008 in Israel and now operates numerous entities around the world through Cyprus, UK, Australia, Singapore and more. The size of the company is visible by the recent lists and official data, as Plus500 serves over 317+ thousands active clients, 37+ Million Positions were opened and traded value of over 1270$ billion just for last year. The broker enables retail and professional customers to trade CFDs on a range of assets in more than 50 countries with utmost support in 32 languages 24/7 and truly global coverage of enabled operation. In addition, Plus500 constantly improves their trading services, generously rewards clients with fair trading conditions, as well as developed various award-winning programs that are suitable for large communities, affiliates and traders.

Plus500 is the Main Sponsor of Club Atletico de Madrid, 2016 Champions League finalists and 2013-2014 “La Liga” champions

Plus500 Group signed major sponsorship deal with the “Plus500 Brumbies”, 2017 Super Rugby Australian Conference Champions

Plus500 review

To get things more clear, any trader or investor should check and take into consideration the most important information that broker’s offering consists of:

Is Plus500 safe or a scam?

Plus500 is a trademark, operated under Plus500 Ltd which comes under the jurisdiction of the 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 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

In accordance with the CySEC, FCA and other respected regulations, the broker strongly comply with numerous client protective tools. This obliges to afford maximum protection of funds under various rules, as well as to apply safety measures under any circumstances. The clients funds are always paid into a segregated trust accounts, so the broker uses its own funds for hedging or any other business purposes. As such, Plus500 considered to be a safe broker to trade or invest with, due to their heavy regulation and constant audit from the world reputable authorities.

Plus500 Trading Products

Plus500 as a fast growing and one of leading CFD providers offer a portfolio of over 2000 instruments. The broker enabled clients to trade on movements in the price alongside with innovative trading technology, of indices, shares, commodities, forex, ETFs and options without having to buy or sell the underlying instrument, also offering a quite big range of crypto trading.

To maintain simplicity, Plus500 provided a standard trading account to their clients, as well as the fact that only individual trading accounts are allowed at Plus500. To practice trading or to give it a try, traders can choose a free unlimited demo account, which can also be converted to the real trade for money.

Plus500 Cryptocurrency trade

The company is constantly introducing new products and services to meet their clients’ trading needs. Since the Cryptocurrencies trade is now market “boom”, Plus500 included this opportunity to their traders too, offering a quite comprehensive range to trade Bitcoin, Ethereum / Bitcoin, Bitcoin Cash, Ethereum, Litecoin, NEO, Ripple, IOTA, Monero through CFDs.

Plus500 Cryptocurrency

Another cryptocurrency specification is that the market is open around the clock even on weekends (excluding Sundays at 13:00-14:00 UTC), while the rest of the markets closed. Hence, advanced Plus500 risk management tools are very useful here for control measures, since crypts are extremely volatile instruments. The Cryptocurrencies are traded with CFDs on cryptocurrencies, means you do not purchase cryptocurrency themselves.

Plus500 leverage

Under the regulatory restrictions and impose of authorized operation, the residents of various countries that fall under particular jurisdiction will face some differences between the leverage levels offered by Plus500.

Therefore, the European CySEC and FCA regulated traders will enjoy a maximum of 1:30 leverage applied to Forex retail accounts, while Singapore MAS traders are allowed to get a multiplication of Plus500 leverage up to 1:50. Previous years, most of the traders knew high leverage levels up to 1:300, which in fact still remain as a legal option only according to the Australian ASIC regulation and to those clients who registered with Plus500AU entity.

Plus500 leverage

Plus500 fees

One of the measuring point while choosing a broker is the cost of trading. The broker applies transparent fee structure with no surprises, while Plus500 service offered on a built into the spread basis with no additional charges. In fact, the spread is among the tightest spreads in the industry, while spread initially means when the trader open position the difference between asking and bid price will be generated by the Plus500 and represents a trading cost. That system allows simplicity of the calculation and is the best suitable option to many traders. Apart from that, the traders should know about additional fees that may take place to the accounts and depending on activity.

Plus500 spread breakdown (check the most recent spreads on official Plus500 website)

Plus500 spreads

Plus500 Overnight fee or overnight funding is applicable to those positions that are referred to be a long position, which is held after a certain time. The fee is subtracted from the account on a percentage basis.

Plus500 Inactivity fee of up to $10 is charged in case the trader did not use the trading platform for a period of three months. This takes place in order to secure service availability and adapted to real account only.

Plus500 Guaranteed Stop Order is a specific feature that guarantees your requested rate, yet subject to a slightly wider spread. This is a very useful tool during high volatility conditions, which remains at the traders’ disposal.

For instance, check out and compare Plus500 fees to eToro.

Plus500 Trading Platforms

Plus500 has a simple, intuitive and easy to use trading interface for CFDs that is a broker proprietary trading platform. The are several versions suitable for any device general web trader platform, and mobile platform especially well designed and is one of the highest rated CFD trading apps on Apple’s App Store and Google Play. Both web and mobile platforms are easy to navigate and use, even beginner get around quickly, yet platform powered with advanced technical indicators, charts and real-time alerts with economic calendar, which allows deeper analysis of the price movements.

Plus500 platfrom

Apart from main features, Plus500 trading platform enables to control account with risk management tools, such as Stop Limit / Stop Loss / Trailing Stop (Automatically Limit a Position’s Losses While Locking In Profits), Guaranteed Stop and FREE notifications. In addition, all clients accounts are protected with Negative balance protection, means the trader can lose more than initial account 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 along with a necessary level of protection. Generally speaking, Plus500 has a great customer supporting and oriented policy, which makes funds transaction smooth process and is free of charge for deposits nor none of the charges are passed to the client. However, if the client has made a deposit in a different currency to that which account is denominated in, the company may pass on commissions for conversion.

Plus500 minimum deposit varies according to the jurisdiction under which the trading account is opened. Important to note, each deposit method has its own minimum deposit level as well, while generally, the deposits considered to be starting from 100$.

Plus500 supports several ways of deposit or withdrawal in trading accounts: Debit/Credit cards (only Visa or MasterCard debit/credit cards are acceptable), E-wallets (PayPal or Skrill), Bank transfer (direct bank to bank funds transfer). Transaction of funds a quick process at Plus500, the time frame for processing a withdrawal request is normally within one to three business day.

Plus500 funds management

Plus500 withdrawal fee is $0 in case the trader requests to withdraw more than a set minimum amount and up to five per month times. All withdrawal methods have minimum amount thresholds, which can be found on the withdrawal screen on the trading platform. Typically, the minimum amount is about 100$, and indeed is a very generous and great part of the Plus500 offering.

Conclusion on Plus500

Having operated until now for 10 years, Plus500 obtained a name of a trust worth broker with an extensive variety of instruments, covered by CFDs trade and its OTC operation model. For the quality of service, Plus500 witness’s ability to cover all demands from the traders and truly gained its reliable and innovative, yet simple trading environment.

However, the broker working with CFDs only, which are usually leveraged products with high risk, so investors should calculate their adventures when they trade CFDs. Besides, one of the limitations of the company is that there is no educational support, as well analyst recommendations or fundamental data. Yet this is not a very negative aspect since the major to potential success conditions of Plus500 are at a very sustainable level.

 

* 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 reports record revenues and performance in 2018

    This Tuesday Plus500 Ltd has reported a record year, with a sharp rise in profit and revenue ahead of expectations. Also the broker has announced its preliminary unaudited results for the year ended 31 December 2018, stating that the company set a new record in terms of financial performance. Plus500 was founded in 2008 in...

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