Plus500 review

  • Broker Type: Market Maker

  • Leverage: 1:300

  • Regulation: FCA, CySEC, ASIC, MAS

  • Min. Deposit: 100 US$

  • HQ: Cyprus

  • Platforms: Plus500 Platform

  • Found in: 2008

Plus500 Licenses:

  • Plus500CY Ltd - authorized by CySEC (Cyprus) registration no. 250/14 
  • Plus500UK Ltd - authorized by FCA (UK) registration no. 509909 
  • Plus500AU Pty Ltd - authorized by ASIC (Australia) registration no. AFSL 417727 
  • Plus500SG Pte Ltd - authorized by MAS (Singapore) registration no.  CMS100648-1
  • Plus500IL Ltd - registered in Israel and licensed to operate a trading platform

What is Plus500?

Plus500 was founded in 2008 and is a Cyprus based brokerage company with its offices in Limassol and numerous entities around the world that include 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 bonuses and fair trading conditions, as well as developed various award-winning programs that are suitable for large communities, affiliates and traders.

500Affiliates 2015, 2016, 2018 WINNER | Best Forex Affiliate Program

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 AIM section 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

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 and FCA regulations, the broker should strongly comply with the client protective tools. This includes to keep funds under a number of rules, while funds are paid into a segregated client bank account, and the broker uses its own funds for hedging. Clients’ funds can’t be passed to hedging counter-party or invest funds, as well Plus500 doesn’t initiate positions in the market and is an authorized MiFID investment firm. Therefore, Plus500 is 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. The account opening process performed with minimal efforts, simply by filling up online-form on the “signup” page.

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, 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.

Plus500 leverage

A complete package from the Pus500 overall bringing the good value of the trade with the possibility to multiple initial investment and trade with bigger volume. This possibility known as leverage may increase dramatically potential incomes, yet in reverse larges risks as well. However, as per 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.

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 is an easy and quick process at Plus500, the time frame for processing a withdrawal request is normally within one 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.

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