DiscoverPlus500 review before creating your account
- Deposit options: Visa, Mastercard, Bank Transfer, Electronic Wallet (Skrill, Paypal...)
- The spreads: Depends on your location
- Free demo accounts: Available (no time limit!)
- Minimum deposit: $/€/£100 (500 for ban transfers)
Discover our Plus500 review to know more about of the leading CFD broker on the market. Plus500 is a London-based trading platform that is run by Plus500UK which is a United Kingdom company. From its launch in 2008, Plus500 has made a name for itself in Europe and Asia gaining a large clientele base in the process. Majority of the clients like the awesome trading conditions that Plus500 offers in addition to the over 1000 instruments at the clients’ disposal.
Is Plus500 A Trustable Broker?
Plus500 is a legitimate broker that you can sign up with if interested in trading. It operates according to the set rules and regulations coming from the relevant regulatory bodies. The set rules from these regulatory bodies ensure that Plus500 carries its operations with your goodwill as the top priority.
As such Plus500 is a trustable broker that you can bank on as it also strives to uphold its integrity to attract more clients.
Regulations And Trustworthiness Of Plus500
As earlier indicated in this Plus500 review, it operates under a set of rules and regulations in the areas where it has its presence. Among the licenses that Plus500 has from these regulatory bodies are as follows.
- A license from the united kingdom’s Financial Conduct Authority(FCA) which is the UK’s financial regulatory body. This license allows Plus500 to operate in the United Kingdom.
The license from the financial conduct authority guarantees a smooth trading stint on a reliable platform with assured safety of your funds.
Security Of Funds
About the safety of funds, Plus500 has come up with various measures to ensure your funds are safe and sound. The following are some of the measures involved.
- Using separate accounts to segregate clients’ funds from the company’s operating funds.
- The company does not use clients’ funds for hedging.
- The company does not invest the funds of retail clients.
- Plus500 does not engage in speculative positions in the market.
How to create your account at Plus500
Registration And Codes
To begin your trading stint at Plus500, you need to sign up for an account. The registration process is straight forward and there are two individual account types at your disposal for you to pick. The account types are the demo account and the real account.
The demo account is a good choice if you are new to the trading concept as it helps in honing your trading skills. With the demo account, you have virtual funds provided in a simulated trading environment. The demo account helps you to grasp the trading concept and you can also use it in the future to refresh your trading skills or use it to test out various trading strategies.
The real account is the standard account type that Plus500 offers and is suitable for both novice and experienced traders. With the real account, you access the various trading instruments that you can execute trades on.
On Plus500’s platform, you are able to switch between the two account types when you deem necessary. You can also own two real accounts but after assessment and a permit. You, however, cannot transfer funds between the two accounts.
Do not hesitate to check our page test page of Plus500 and find out more about our Plus500 codes.
Pros / Cons
- More than 2 000 trading tools available
- Website in 31 languages
- Low spreads
- Low trading fees
- No withdrawal fees
- Limited product portfolio
- No analyst recommandations
- No phone support
Features’ review on Plus500: more than 2 000 tools available
The following are some of the additional features that you may come across on Plus500’s platform.
The Economic Calendar
The economic calendar is one feature that you find on this trading platform and proves important when planning trades. This is mostly in respect to future market events as it shows you the performance of related trading instruments and the expected outcome at a given time.
Risk Management Tools
There are also risk management tools that you can use to control the extent to which you take loses while trading. Among the risk management tools include the stop loss order and close at profit limit. This two help in managing the extent to which you either profit or lose while trading.
There are also the trailing stop and guaranteed stop orders that also functions to shield you from deep loses while trading on Plus500’s platform.
The real-time alert feature notifies you of any changes in price or trader sentiments that might prove useful when trading. You receive the alerts through email, SMS and push notifications.
Plus500 is present in Europe and the larger Asia region translating to a diverse client base. The clients use different languages hence the platform supports different languages to reach the large audience. Among the languages supported include English, Spanish, Italian and German among many more.
Plus500 On Mobile
Many people own a mobile phone and Plus500 has taken advantage of the trend by having mobile trading platforms. The mobile trading platforms enable you to trade conveniently from your mobile phone. Pluus500’s mobile trading platform is compatible with Android, IOS and Windows operating systems.
Apart from the mobile trading platform, Plus500 has other trading platforms that you can alternatively use to trade. The following are some of the platforms.
The Web Trader Platform
The web trader platform is accessible through your browser on either your personal computer or mobile phone. The site is easily accessible and supported by most browsers in addition to having a user-friendly interface.
Windows 10 Trader
The Windows 10 trader is Plus500’s trading platform that is a downloadable platform that is compatible with the Windows 10 operating system.
As earlier stated, Plus500 has been in operation since 2008, its inception year. The company seeks to provide excellent trading conditions a mission that has endeared it to many clients who seek to also benefit from its flexible trading conditions. Coupled with a great customer support center that is available 24/7, Plus500 is certainly destined for huge milestones in the future.
The downside to Plus500 as a company is that it is absent in certain territories, something that needs rectification so as to bring on board many clients interested in its product.
Plus500: a CFD broker that worth the trial
When looking for a good trading platform, Plus500 is a good pick that you can consider. It has great trading conditions such as no commissions and a vast range of trading instruments at your disposal. It has the demo account that you can benefit from if you are a novice trader. Despite it not being present in some countries, Plus500 is a CFD trading platform that you should not overlook.