Question 1

Is Plus500 regulated?

Accepted Answer

Yes, our Plus500 review has shown that the broker is regulated by seven different authorities; the UK FCA, ASIC, CySEC, FSCA, FMA, MAS, and FSA Seychelles. Each regulatory body listed here is powerful enough to ensure high financial standards when trading with this broker and, once you combine all of them, the bar raises even higher.

Question 2

Is Plus500 a scam?

Accepted Answer

Not at all. Plus500 features six different licenses from six separate financial regulators, putting it on par with the best forex brokers in the industry. The broker also offers many client’s fund protection mechanisms, including negative balance protection, stop-loss, trailing stop, and guaranteed stop. Your funds are also insured, if you are trading within Europe, up to €20,000.

Question 3

What is the minimum deposit at Plus500?

Accepted Answer

At Plus500, you need to deposit 100 USD in order to create a live trading account. This is a pretty affordable trading condition, compared to other brokers, that will work for the majority of traders, including beginners and veterans.

Question 4

Does Plus500 charge commission?

Accepted Answer

One of the biggest advantages of Plus500 is that it doesn’t charge the clients in-trading commissions. There are also no commissions or fees on deposits and withdrawals. Instead, you will pay competitive spreads which are dependent on the instrument you are trading.

Question 5

What Plus500 account types are there?

Accepted Answer

Currently, there’s only one Retail account that you can create at Plus500. However, this doesn’t mean that you have no flexibility in terms of the leverage ratio, spread quotes, and other important trading elements. The broker still allows you to choose the best trading conditions for you.

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