Plus500 Broker Review

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  💻 Demo Account:	Yes
  ⚖ Allows Hedging:	No
  🔪 Allows Scalping:	No
  🏢 Headquarters:
  📅 Founded:	2008
  📈 Trading Platform(s):	Plus500 is a CFD trading service only.
  📜 Regulating Authority(s):	FCA, CySec : Plus500 UK Ltd is authorised + regulated by the Financial Conduct Authority. Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission.
  💰 Minimum Deposit:	€100
  📣 Maximum Leverage:	30:1

  Visit Plus500
  Risk Warning: Your capital may be at risk

  €100

  Minimum Deposit

  30:1

  Maximum Leverage

  2008

  Founded

  Our Review of Plus500

  

  Company Overview

  The company was established in 2008 and this company offers an online CFD service. Currently, Plus500 has a platform that has generated a loyal and dedicated client base within Asia and Europe. They do not currently offer its services to any U.S. clients. This company provides more than 2000 instruments in which clients can trade. 
   

  Account Types

  This company offers a simple and straightforward account type. Plus500 offers one easy-to-use live account. This account requires a minimum $100 deposit for clients to open the live account.
   

  Commissions & Spreads

  Currently, Plus500 is spread only. This means that they do not charge a commission. The company is compensated solely through the spread. With this broker, all the spreads are tight. Many brokers use floating spreads; however, the tight, variable spreads offered by Plus500 can be pretty low which allow Plus500 to remain one of the most competitive brokers online.
   

  Trading Software

  The trading platform provided on Plus500.com is comprehensive and simple to use. The platform allows clients to trade in several different markets from one screen while offering real time quotes. One advantage of using Plus500.com is the platform's usability. This platform allows clients to trade CFDs on underlying financial instruments such as Forex, commodities, ETFs, stocks, and indexes on one organized trading platform.

  The Plus500.com trading platform is available in three distinct versions. There is a web-based version, a mobile version, and a downloadable version. The web-based version allows clients to access accounts via any computer. The downloadable version is saved to a personal desktop or laptop computer. The mobile version allows user to access any account from a mobile device.
   

  Deposits & Withdrawals

  For the most part, the banking aspect of Plus500 is clear and uncomplicated. There are several basic ways to fund an account.

  Wire Transfer – A deposit received via wire transfer takes up to three days to process. The process is simple. The client clicks on the Funds Management icon, selects Wire and clicks on the Send Me Wire Details. After this is completed, Plus500 sends an email containing wiring details. The email will provide all required banking details and minimum deposit information.

  Credit and Debit Cards – Using a MasterCard or Visa is the fastest way to begin trading. This requires the client to access the Plus500 cashier screen. On this screen, the client must submit credit card information to start trading instantly.

  PayPal – PayPal is a newer addition to the Plus500 banking process. This process is safe and easy. Clients simply access the primary trading lobby screen and click on the Funds Management icon. The client selects PayPal and enters the amount. The client must also enter individual PayPal details. Upon completion, a new window appears that requires confirmation on the PayPal website.

  Moneybookers – This process is also straightforward. The client simply clicks the Funds Management icon and selects the Moneybookers option. After entering the appropriate Moneybookers email, a new window will appear and the transfer is ready for confirmation.

  Customer Support

  Customer support is provided by email. This is available 24 hours a day, 7 days a week. Live chat is also available on their website.
   

  Regulators & Safety

  Plus500UK Ltd authorized & regulated by the FCA (#509909).
  Plus500CY Ltd authorized & regulated by CySEC (#250/14).
  Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
  Plus500AU Pty Ltd (ACN 153301681), licensed by:
  ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

   

  Leverage

   

  Leverage is known as the amount a client can increase the value of a trade. Plus500 has a maximum leverage of 30:1. 
   

   

  
  Visit Plus500's Website
  Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.