This Plus500 review deals with one of the most prominent names in the market. The company is headquartered in Israel with branches in the UK, Australia, and Cyprus, or in other words, in the areas where Forex trading is flourishing. With millions of users, it is a dominant company prevailing in Europe, Asia, North America, and Australia.
Plus500 offers you the chance to trade over 2,000 CFDs. The broker also offers a quality trading platform, accessible minimum deposit limits and competitive trading fees. Read on to learn more about Plus500 and to discover what makes this broker stand out from the crowd.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.5% 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 before trading.
Plus500 Review: One of the Market Leaders
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.
Regulators are very important in this business, and they should be important to you too. They are the ones who fight to keep the market fair and transparent. Of course, some regulatory agencies are not as professional as others or lack the means to enforce the regulation. This is mostly the case for countries were the government is loose and where the overall economy is the victim of poor politics. The FCA as a UK founded organization is far from loose and unprofessional. They are known as one of the strictest regulators who committedly work to protect your finances and operate in your interest. ASIC and CySEC also employ a similar policy and are very trusted organizations which provide security for Australian and European traders.
On the other hand, Plus500 is known as a huge player in the industry, which means that their clients are mostly big traders who trade a lot of money to win even more money. Experienced traders alike will feel at home here.
Plus500 CFD Platform and Availability
As every other established CFD provider, Plus500 offers an excellent trading CFD platform that meets the needs of a variety of customers and users. The Plus500 trading CFD platform consists of all the features that a trader needs: currency pairs they trade with, the chart as a graphic reminder of what is going on in the market, Stop Loss option, and much more.
- Powerful trading CFD platform
- A big number of currency pairs to choose from
- Charts and trading options to help you stay ahead
- Both downloadable and web-based CFD platforms available
- Plus500 mobile app to always stay in touch with your trades
The procedure to make an account is simple. Just download the Plus500 trading CFD platform and register. They also have a web browser online CFD platform where no download is needed. Since 2010 a browser version is available to Linux and Mac users. A Plus500 mobile app is also available and it can be downloaded to your Android, iPhone, Windows, and iPad. That way, you can always take a glance at your trading activities and see where you are. You do not need to limit yourself to your home, but you can trade freely in a coffeehouse, at work, or wherever you want.
Plus500 Keeps it Simple: Deposits and Withdrawals
Since they aim to keep everything uncomplicated, Plus500 offers one live account which requires a minimum deposit of $100. Deposits can be made via Credit and Debit cards like Visa or Mastercard, which is one of the preferred and fastest banking methods. Web wallets like Moneybookers, Skrill, and PayPall, are also supported. When you want to withdraw your profits, you will have to provide an official document with a photo like a passport, ID or driving license. This Plus500 CFD review lists the main features and advantages of the CFD provider. For more detailed information, feel free visit the Plus500 website or contact their always helpful customer support.