Plus500 CFD provider Review

Bonus

N/A

Regulation

FCA, CySEC, ASIC

Mobile

Yes

Instruments

Shares, Indices, Commodities, Forex, Options, CFDs

Website

www.plus500.com
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*80.6% 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.

Plus500 is a leading CFD provider in the UK that offers one of the most remarkable services across Europe, South America, and Asia. Showcasing a wide variety of trading instruments through a seamless trading platform, Plus500 has received numerous awards and acclaims within a short span of time.
Launched in 2008, the company is headquartered in Israel but has its main offices in different parts of the world, including the UK, Cyprus, and Australia. Plus500 is a CFD provider that is dedicated to building a brand image through extensive advertising and attractive bonuses, which in turn reflects in the company’s success within the trader’s market. We attempt to uncover the nascent features of the CFD provider by performing a comprehensive Plus500 review.

Is Plus500 A Regulated CFD provider?

Plus500 is one of the few CFD providers that take the matter of licensing and regulation seriously. Plus500 is regulated by following bodies: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14) and  ASIC in Australia, AFSL #417727 which makes it a fairly reliable CFD provider to trade with. A strong European regulation ensures that traders from all over the globe, except the United States, can open an account and trade using the Plus500 trading platform. The lack of regulation or licensing from the CFTC hinders the company’s ability to entertain clients from the US, but the stringent CFTC rules and trading standards have a negative effect on most provider who wish to market to clients in the US. However, Plus500 receives brownie points for being committed to the safety and security of their clients’ funds and are known to safeguard the interests of their traders.

The Different Financial Instruments Available at Plus500

Plus500 excels in offering the most diverse range of trading instruments from financial markets across the world. Plus500 offers CFDs on Forex, shares, indices, commodities, ETFs and Options. Unlike most CFD providers, Plus500 offers over 2,000 financial instruments within their award-winning platform. This is indeed a great indication of the company’s willingness to help their clients in diversifying their investment portfolio by exploring the different financial instruments on offer.

Spreads, Leverage, & Other Account Information

Stamp ExamplePlus500 offers only a single account type that starts with a minimum deposit of $100. Of course, there is an unlimited demo account that offers the chance for potential clients to sample the Plus500 platform before actually depositing real money into a trading account. The single account type is actually a great feature, considering the fact that clients are not burdened with complex choices or having to choose an account type according to the features on offer. Having a single account type also ensures that every client is treated equally and impartially, which is why Plus500 continues to be a favourite among loyal traders.

They also don’t charge commissions on trades, as all spreads are incorporated into the market price. As far as leverage is concerned, Plus500 offers a maximum of 1:30, which is not as big as some of the more advanced CFD providers, but it can magnify both your profits and losses. Spreads are all variable/Dynamic.

Traders can deposit money into a real trading account through credit cards, bank transfers, or Skrill, and all client funds are held in reputed banks using segregated accounts. This ensures the safety and security of client funds, which is indeed an important aspect of choosing a reliable CFD provider.

What About The Trading Platform?

The company has an excellent trading platform that has been designed with the trader in mind. The minimalist, yet functional trading platform was developed by an in-house team of experts who are aware of the rigorous requirements of traders in general. The trading platform is flexible and scalable, which allows Plus500 to modify the platform according to user’s needs. Traders can choose between a desktop application, a web browser, or an app for mobile devices or smartphones. The trading terminal offers a wide variety of information at a single glance, without having to switch between multiple windows for gathering useful information.

Screenshotsplus500 homepageplus500 real and demo accounts

Do They Offer Good Customer Support?

Plus500 is a customer-oriented company that takes care of its clients by offering an industry leading customer support system that can be accessed through email or live chat. Plus500 offers localized support in 32 languages to clients in over 50 countries, and traders can expect a response within 30 minutes of contacting the concerned department. Plus500 also offers 24X7 email and chat support, unlike other CFD providers that only offer 24X5 support.

 

Is Plus500 A Good CFD provider To Trade With?

Plus500 seem to tick all the right boxes when it comes to trading the financial markets. The CFD providers offers an excellent CFD platform, a wide range of trading instruments, good leverage, variable/dynamic spreads, competitive bonus packages, low initial deposit, and most of all, a good customer support department. Plus500 is certainly one of the top CFD providers in the industry to watch out for.
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*CFD Service. 80.6% lose money

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1 comment on “Plus500 CFD provider Review”

  1. gary says:
    Country & city: spain
    Rating: .
    he is the most biggest scam of the uk i lost lot of money please dont trust him.