Plus500 is known as one of the leading brokers in the CFDs (Contracts for Differences) trading industry.
The Plus 500 platform is one of the most user friendly platform out there, yet, it includes also advanced features attractive to experienced traders
One thing that many traders will like about Plus500 is the number of tradeable assets available, which is often much more numerous than those offered by other brokers.
For traders who are looking to build a truly diversified portfolio consisting of assets from all over the world from currencies to equities and more then Plus500 is a good broker to consider.
Plus500 offers different trading platforms to cater to different types traders.
There is a downloadable platform and web-based platform, as well as a mobile platform for traders who are on the go.
The company is also working on a trading platform which can be used on Apple smart watches.
One issue though that many traders have with regards to these trading platforms is the lack of multiple screen options.
This may be a disadvantage for traders who use multiple time frame analysis in their trading.
Still, it does have an all-inclusive screen that clearly labeled tags for ease of access.
With regards to their customer support, Plus500 can be contacted through their email or an online chat. In instances where the online chat feature is not available, traders can simply leave a message in the contact page and expect a reply from the staff.
Unfortunately, Plus500 does not offer any telephone support at the moment, so this may be a disadvantage since all contact with the company basically becomes lost when the trader loses internet connection whilst trading.
Your capital is at risk
Plus500 is one of the most popular trading brokers all over the world, with a client base that has reached hundreds of thousands of users from all over the world.
It was founded back in 2008 and offers traders the ability to trade a range of financial markets.
Thought the company’s main operations are in Israel, they do have regulated entities in the UK, Cyprus and Australia which are regulated by the proper authorities governing the said places.
Plus500’s parent company. Plus500 Ltd. is listed in the London Stock Exchange under the Alternative Investment Market category.
As of this writing, Plus500 offers two types of bonuses: a “Welcome” bonus and an “Initial Funding” bonus.
A €25 “Welcome” bonus is awarded to traders who sign up with them. It is credited to their live accounts and can then be used for trading. The “Funding” bonus is given to traders for depositing into their live accounts. The bonus amount can be anywhere between €25 and €7000 depending on the amount deposited by the trader.
It should be noted that Terms and Conditions apply, and traders are advised to read the full disclosure before availing of any of the said bonuses.
Plus500 offers several methods for traders to fund their accounts.
Traders who prefer the convenience of online fund transfer can do so by depositing their trading funds through Paypal and Skrill (formerly MoneyBookers).
Plus500 also accepts deposits made through Visa and MasterCards credit cards.
There is also the option to fund trading accounts via bankwire transfers, although by standard, the transaction process can take up to three days to complete.
The minimum deposit through wire transfer is €100.
Plus500 is regulated by the Financial Conduct Authority (FCA) which is one of the most authoritative financial bodies in the European Union.
Plus500 is also regulated in Australia by the Australian Securities and Investment Commission (ASIC) and by the Cyprus Securities and Exchange Commission (CySec) in Cyprus.
Regulation & Licence No.-
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, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents