Plus500 is an LSE listed online CFD brokerage firm that offers multiple trading instruments across commodities, currencies, cryptos, indices and shares on CFD’s, with multiple regulations and competitive charges.
|#||Broker's Features||PLUS500 Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||24 hour support||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Plus500.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Plus500 offers Online Financial Trading and Investment Services Such as Shares, Indices, Forex, Cryptocurrencycurrency and Commodities.
Tradable Products: Over 2,500 trading instruments are available for trading on the Plus500 trading platforms across currencies, stocks, ETF’s, indices, commodities and cryptocurrencies
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Plus500 is Market Maker.
Features: Plus500 platform has risk management features like guaranteed stop and trailing stop, alerts and push notifications and order fast order executions.
Plus500 allows you to execute a minimum trade of 0.5. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As a market maker, Plus500 may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. Plus500 also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, Negative Balance Protection, price alerts and much more.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Plus500 recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Plus500 is regulated by FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Plus500 has multiple regulations from different countries. These regulatory bodies impose stringent rules to ensure that investor funds are adequately protected. Regulation includes FCA, ASIC, CySEC and MAS
Account currencies: Next lets consider the Account currencies each broker offers. Plus500 offers USD different account currencies for each account types.
Account Openning: Choose from 2 real account types on Plus500. Standard account minimum deposit is $100 and maximum leverage Is 1:30 with variable spreads and no commissions. Pro account leverage goes up to 1:300 and 10 transactions must have been performed per quarter over the course of one year to apply.
Plus500 offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.
Languages Available: Next lets have a look at each broker's different Language options. Plus500 offers English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian, Chinese.
Payment methods: Next lets have a look at each broker's payment options. Plus500 offers Credit/Debit Cards, Bank Transfer, PayPal, Skrill different payment methods for each account types.
Deposit and withdrawal: Plus500 offers swift and secure channels for deposits and withdrawals including debit/credit cards, bank transfer and e-wallets which include Paypal and Skrill. Conversion fees are passed on to the trader and there are some charges for withdrawals
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Plus500 makes Proprietary, WebTrader available to clients.
Web & Desktop Trading Platforms: Trade with Plus500’s own simple and intuitive proprietary user interface. The platform comes in 32 languages and is available as WebTrader, Windows 10 version and as an Android, iPhone or iPad app.
Mobile Trading Platforms: Plus500 offers its unique trading platform on mobile phones. The platform is available on Android, iOS and Windows phone. You can trade on the go, access push notification and manage your account
Plus500 provides no form of Trader Education to clients. There are very few research tools on Plus500 apart from price alert notifications and an economic calendar.
No bonuses and promotions are available as a result of regulatory restrictions.
Dedicated and Multilingual Customer Support available 24/7 through Live Chat, Contact form and a variety of social channels. Customer support is helpful and fast to respond.
Plus500 has been in the brokerage business for a decade. The trading platforms are simple, user-friendly, fast and secure. No educational materials are available, which is a huge minus.
Plus500 can be an ideal choice for less-experienced traders as the platform is straightforward to figure out and designed to making the trading experience simple throughout. That said, client education materials are mostly absent from the Plus500 offering, and the trading platforms available are very light compared to Plus500’s competitors.
Plus500 simple platform provides a good experience for users. A huge selection of assets to trade, the platform comes with risk management tools and trading alerts are sent to the smartphone and by email