Plus500 Broker Review

Plus500

$20

Min Deposit

0.0

Min Spread

2021

Foundation

+2

Broker Trusted Points

Plus500 provides its users with the best possible trading experience by allowing them to trade in a variety of asset classes, including foreign currency, indices, equities, cryptocurrencies, commodities, bullion, and exchange-traded funds (ETFs). The forex broker offers high-performance trading platforms, such as WebTrader and MetaTrader4, as well as a mobile app that is easy to use. Plus500 is a well-known online forex broker with a variety of services and favourable terms. It provides you with an ideal trading environment in which you may obtain market signals and apply them to increase the profitability of your business.

Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission) regulates the brokerage firm closely (CySEC). Royal Forex Ltd., based in Nicosia, Cyprus, is the company’s owner.

Pros and Cons

Pros

  • It has received plenty of awards for its services
  • Use more than 30 analytical tools
  • Data encryption technology enabled
  • Multiple chart window facility
  • Enhanced trading experience
  • Offers multiple assets for trading in the financial market

Cons

  • No MetaTrader 5

Is Plus500 a Scam: Regulations

Plus500 is a forex brokerage firm registered by the Cyprus Securities and Exchange Commission (CySEC). CySEC keeps a careful eye on the broker’s actions and behaviour. Because it offers MetaTrader 4, the reputable online broker is sufficiently secure. The MT4 is a fully encrypted platform that keeps all transactions safe and secure. Plus500 assures all clients that all monies are kept in a separate bank account.

Royal Forex Ltd is the company that is authorised and controlled by CySEC under licence number 250/14. 486026 is the company’s registration number.

Plus500 is regulated by a number of other reputable organisations, including the Federal Financial Supervisory Authority (BaFin), the Financial Conduct Authority (FCA), the National Securities Market Commission (CNMV), and others.

Trading Account Types

The brokerage firm primarily offers three different types of trading accounts: Silver, Gold, and Platinum. With these three account tiers, all Plus500 traders of varying levels of experience, from novice to highly experienced, can engage based on the risks and financial capacities they are willing to take.

Account facilities can be accessed to uncover possible rewards based on trading experience. Traders can hone their skills and techniques by using the financial service provider’s free demo account. Then, depending on their convenience and risk tolerance, consumers can switch to other tiers of the account.

Account Opening

The account opening process in Plus500 consists of three simple steps.

  1. Visit the Plus500 official website and register by providing your personal information as well as information about your trading history.
  2. You can fund your account using a variety of methods, including bank transfer, credit/debit cards (Visa, Vpay, Mastercard, and others), and well-known payment networks like Neteller, Skrill, Webmoney, and others.
  3. Begin your trading journey with Plus500 once your account has been validated.

For any information or questions about account opening, you can contact customer service by live chat, an enquiry form, or an email. For the comfort of the clients, the helpdesk management employs highly qualified customer care representatives that can communicate in a variety of languages.

Trading Platform

Plus500 offers a variety of trading platforms, including Webtrader and MetaTrader 4. (MT4). The brokerage’s trading platform Webtrader, like MetaTrader 4, is fully encrypted and assures the safety of the client’s funds. Let’s start with the webtrader.

Webtrader

WebTrader offers traders a smooth and enjoyable trading experience. Multiple financial markets make it simple to buy and sell assets. Plus, the 500 webtrader is technologically savvy enough to provide convenient one-click trade choices as well as bilingual support. Furthermore, there is a comprehensive range of built-in analytical tools, allowing you to stay up to current on market circumstances at all times.

Webtrader allows you to do a full technical analysis and trade accordingly, utilising the analytical instruments sensibly. Webtrader has a number of features. Here are a few of the most essential.

MetaTrader 4 (MT4)

MetaTrader 4 is a multi-award-winning trading platform that is well-suited to traders of all skill levels. It is one of the most widely used trading platforms worldwide. With a single click on your device, you may gain immediate access to the world’s largest financial markets.

Android, iOS, and Mac OS X are all supported by MT4. You can use MT4 to trade with Plus500 from your desktop, mobile device, or any other device. The following are some of the most important aspects of the MT4 trading platform.

Mobile App

In your trading journey, the mobile app is an added technological edge. The best aspect is that you can use your mobile device to access 350+ products and CFDs. Furthermore, the Plus500 trading apps are available for both iOS and Android. The Plus500 Mobile app has a number of useful features.

Trading Instruments

Plus500, as you are aware, offers a diverse range of trading products. There are around 350 instruments available, including Forex currency pairings, equities, indices, cryptocurrencies, commodities, metals, and exchange-traded funds (ETFs). With the brokerage firm, you can trade in global markets with ease. Plus500 may be a good choice for you if you want to diversify your portfolio by investing in a variety of assets.

Traders typically invest in one instrument while branching out into several businesses to diversify their portfolios. Diversifying a portfolio by investing in diverse assets connected with a single sector, on the other hand, proven to be a better strategy.

Here, we’ll go through the specifics of the many trading opportunities offered by Plus500.

Foreign exchange: Plus500 offers over 40 different currency pairs. Trading CFDs on these prominent currency pairs is available through the Forex brokerage firm. Plus500 provides high liquidity of currency pairings for optimum profit to clients.

Access to Spread as low as 0.7 and leverage up to 1:30 among all popular currency pairs.

Stock trading: Through Plus500, you may add stocks of all mega-corporations and tech behemoths like Amazon, Google, Apple Inc., JP Morgan, Nike, and others to your investment portfolio. The stock market’s high volatility is a major factor driving global investors’ interest in international stocks. With Plus500, you may reach out to large-cap companies like these to diversify your portfolio.

Access to spread as low as 0.02 and leverage up to 1:21 among US and European stocks.

Indices trading: Popular indexes such as the NASDAQ, S&P 100, Nikkei, and others are available for trading. The basket of stocks is another name for famous indices. By investing in important indices through Plus500, you may increase your financial opportunities and diversify your portfolio.

Access spreads as low as 0.8 and leverages up to 1:20 among all indices.    

Cryptocurrency trading: With Plus500, you can trade prominent cryptocurrencies including Bitcoin, Ethereum, Ripple, and others. You can gain access to strong liquidity in the bitcoin market through the financial service provider.

Commodities trading:  Plus500 allows you to trade both hard and soft commodities (natural gas, coal, iron ore, and precious metals) (Livestock and agriculture).

Access spread as low as 0 and leverage up to 1:10.

ETF: Plus500 allows you to trade in exchange-traded funds (ETFs) that are backed by a variety of assets. Clients who trade ETFs can take advantage of a variety of potential perks provided by the broker.

Commission and Spreads

There are no trading commissions at Plus500. Rather, the brokerage firm provides tight spreads across all asset classes. When trading CFDs underlying multiple assets, the broker charges very minimal spreads. Spreads change depending on the trading conditions.

Currency conversion and overnight positions may incur small fees.

Leverage

Traders can take advantage of Plus500’s leverage based on their trading experience and risk tolerance. The leverage varies depending on the asset class, account, and trade size.

For retail investor accounts in the silver, gold, and platinum account categories, the online brokerage firm offers leverage up to 1:30. Leverage for professional accounts is up to 1:200.

To gain access to additional leverage, professional traders can contact specialist customer service representatives.

Deposit and Withdrawal

After your account has been validated, you can make deposits and begin trading right immediately. Plus500 accepts the following forms of payment:

  • Bank wire transfers
  • Visa
  • Mastercard
  • Vpay
  • Skrill
  • Neteller  

Deposits and withdrawals in silver, gold, and platinum trading accounts at Plus500 are free of charge. Furthermore, if you progress from a silver to a gold or platinum account, the online broker gives swap fee discounts for trading in a variety of instruments.

Educational and Research Support

Plus500 provides its clients with a variety of instructional and research tools to help them learn, analyse market circumstances, and trade properly. On Plus500’s education area, you’ll find trading articles, earnings reports of important market participants so you can mimic their trades, an economic calendar, and many more trading-related resources.

In addition, the broker’s website contains educational materials that may be used to provide financial guidance to any type of trader, whether rookie or experienced.

As a result, Plus500 indirectly delivers low-risk trading possibilities to its traders by providing comprehensive instructional support.

Customer Support

Plus, the 500 support desk is available 24 hours a day, five days a week. Traders can contact customer service professionals by live chat, contact form, or email. In addition, for the convenience of its clients, the brokerage provides multilingual service in over 25 different languages.

You may contact the team with any questions about the trading platform, account opening, or any other confusion; the agent normally responds in less than a minute.

The details of Plus500 are

Address: Plus500CY Ltd, 169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus.

Email: [email protected]

 Verdict

Plus500 is regarded as the top broker, having a reputation for providing outstanding service to clients at a low cost. The reputable forex broker provides sound financial recommendations based on a variety of trading situations. Other reputable financial authorities throughout the world regulate the broker.

It offers clients popular currency pairs as well as a variety of asset classes. Plus500 also provides an award-winning trading platform, MetaTrader 4, as well as a variety of payment alternatives and training tools for new traders.

When trading with Plus500, traders have a lot of market exposure.

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