Plus500 Trusted Review

Details

Broker Plus500
Website URL https://www.plus500.com/
Founded 2008
Minimum 1st Deposit 100€
Bonus 77% of retail CFD accounts lose money
Free Demo Account Yes
Account Types DEMO, Real Money
Deposit Methods Visa and Mastecard Debit/Credit, Skrill & Paypal, Bank Trasfer
Withdrawal Methods Skrill & Paypal, Bank Trasfer
Number of Assets 2,000+
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 91

Pros

  • Popular CFD Broker in Europe, Middle East, Australia and New Zealand
  • Outstanding variety of worlds' most popular financial instruments
  • Trade everywhere and anytime using mobile, web or PC
  • Leverage up to 1:30
  • Professional Accounts Available
  • Free and unlimited demo account
  • Fast, friendly and professional support team is here to assist you
  • Accepts Paypal Deposits and Withdrawls

Cons

  • US and Canadian Traders not accepted
  • No Neteller Deposits and Withdrawls
  • Hedging and Scalping not allowed
  • Lack of Educational Material
  • Average

Read Here the Full Review

Is Plus500 the right CFD Trading broker for you?

Read here an honest Plus500 Review, based on real facts, users experience and lots of hours of internet research!

Founded on 2008, today Plus500 is a leading provider of Contracts for Difference (CFDs) with over more than 2,100 different underlying global financial instruments comprising equities, indices, commodities, options, cryprtocurrencies, ETFs and foreign exchange, alongside innovative trading technology.

Plus500 is one of the highest rated CFD trading apps on Apple’s AppStore and Google Play as it is simple to use yet powerful in its many advanced features.

 

1.) Website Interface:

Plus500 operates under the domain: https://www.plus500.com/.

The website has SSL Certification (Https) SSL Certificates to ensure protection of sensitive information  like credit cards, personal ID details and clients login usernames and passwords.

The Brokerage Website is well designed, fast and easy to navigate. Plus500 Logo and website colors are blue and white.

On the left you can see the company’s logo with the slogan: “World’s Trading Machine” and on the right there is a navigation menu with the items: Trading Products, Company, CFD’s, Start Trading, Login, Language Selection, Search.

Below this section is located a full page element with the Start Trading Now Button (or try a Free DEMO Account). Scrolling down the main page a user will find the main features of Plus500 services and other policies, risk disclosure, live chat 24/7 support etc…

 

2.) Regulation Authorities:

Plus500 is a trademark of Plus500 Ltd. Plus500CY is the issuer and seller of the financial products described or available on Plus500.com. Plus500 Ltd operates through the following subsidiaries:

  • Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
  • Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
  • Plus500AU Pty Ltd AFSL #417727 issued by Australian Securities and Investments Commission

Under these licences Plus500 accepts traders from over 50 countries around the world.

Unfortunately, Plus500 does not accept traders from USA and Canada.

However, Plus500 has significant presence in Europe, Oceania, Middle East and South Africa. Traders from most European Countries like UK, France, Spain, Germany, Demark, Norway, Sweden, Italy, Switzerland, Netherlands, Malta, Greece, Austria, Cyprus etc

Plus500 is considered to be one of the best online CFD Trading Broker for retail customers to trade CFDs in Australia and New Zealand.

Plus500 is very famous in Middle East where traders from Saudi Arabia, Qatar, Kuwait, United Arab Emirates enjoy quality online CFD trading services.

Plus500 is reliable and reputable provider in a regulated environment.

 

4.) Secured Money:

When you open an account with Plus500 your funds are protected in accordance with the Cyprus Securities and Exchange Commission’s client funds rules.

Plus500 participates in the Investor Compensation Fund for clients of Investment Firms regulated in the Republic of Cyprus.

Plus500 is debt free, has substantial liquidity and significant surplus regulatory capital reserves over its regulatory requirements.

 

5.) Customer support:

In Plus500 Website Customer Support is provided by:

  1. Contact Form in the Contact Us Page
  2. Online Chat (24/7)

Support Agents in Plus500 Live Chat are very helpful and they try to solve your issue as soon as possible.

 

6.) Account Types:

Plus500 offers DEMO Accounts and Real Money Trading Accounts.

Demo Accounts offer 40.000€ virtual money to trade for free. Traders trade in real market conditions, as they would do with real money. DEMO Accounts are just for practice. You cannot earn or lose money when trading to DEMO.

There is no time limitation. All instruments and tools are available to DEMO mode. At any time you can switch to real money account and change back to DEMO.

Once the balance of your demo account drops to 200€ or below, the initial demo amount will be automatically reinstated by the system. Then you start again with 40.000€ capital to trade.

Real Money Accounts are accounts where you trade with real money! You can earn money or lose your lose the funds you have on your account. You cannot lose more than the funds you have deposited.

The minimum deposit in order to trade with real money is 100€.

Before starting to trade, you have to verify your account.

 

6.) Deposits and Withdrawls:

Initial Minimum Deposit starts as low as 100$..

You can deposit your account using one of the following methods:

  1. Visa or MasterCard debit/credit cards
  2. PayPal or Skrill Ewallet
  3. Bank transfer

Withdrawls are easy, you just log in to your account’s fund management and click withdrawl.

 

7.) Best Forex Pairs offered:

Plus500 offers a variety of CFD’s in Forex Currency Pairs, both famous pairs like ΕUR/USD and exotic pairs like USD/ZAR etc.

 

8.) Best Cryptocurrencies offered:

Plus500 offers a variety of CFD’s in Cryptocurrencies to trade including the famous Βitcoin, Litecoin and Ethereum and other not so known like Monero, Ripple and Dash. See the list below

9.) Trading platform(s):

  • Android/Iphone App
  • Windows Phone App
  • Web Trader

 

10.) Restricted Countries:

Unfortunately, Plus500 does not accept traders from USA and Canada.

 

Summary Review:

Plus500 is a very popular CFD Trading Broker in Europe, Asia, Africa and Australia. We really suggest opening an account in such a reliable Broker.

77% 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.


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