WHAT MAKES PLUS500 CFD TRADING POPULAR? We Discover More In This Plus500 Review
Plus500 UK is one of the largest CFD brokers operating in UK that has consistently outperformed its competitors over the past several years. Having opened up its Forex products and services to the general public in 2008 and based in Israel, the broker has managed to amass an incredible amount of market exposure by working on an effective marketing campaign that concentrated on rewarding affiliate marketers with attractive payment packages. Plus500 is one of the pioneers in the industry that have a successful affiliate program that has helped the company to market its services to more than 100,000 active traders across the globe.
Plus500 regulation is another factor that has led to the rise in popularity of the broker among retail traders. Due to the wide-spread broker scams that have an adverse influence on the trader psychology, most retail traders these days only choose a regulated broker that can guarantee the safety of their trading capital. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. : Plus500 Ltd is listed on the Main Market of the London Stock Exchange, which adds further credibility to the financial standing of the company.
In this Plus500 broker review, we will uncover some of the fascinating facts about the broker to give you in-depth information about investing your money in the CFD market. We review Plus500 for learning about the safety of trader funds, protection against broker issues, security from scam practices, and the overall trading experience.
Plus500 CFD Forex Trading
Plus500 offers its trading products as CFDs (Contracts For Difference), which includes assets from major financial markets across the world. Plus500 offers shares, indices, Forex, commodities, options, and ETFs, which gives traders access to a grand total of more than 2000 instruments. Plus500 is a market maker broker, and all CFDs are opened as contracts between a broker and the trader to buy or sell an asset at an agreed upon price. Therefore, traders should realize that trading CFDs and similar products do have some amount of conflict of interest between brokers and their clients.
- Website: www.plus500.com
- Support: Online Chat
- Leverage: Up to 1:30
- Min. Deposit: €100
- Spreads: from 2 pips
- MacWindowsAndroidLinux
Advantages
- Free time-inlimited demo account
- No hidden fees
- Negative balance protection
- Multilingual Customer Support
Disadvantages
- No Swap Account
- No US Clients
- No Education Section
- No MT4
Plus500 Account Options, Deposit, Withdrawal, & Safety Of Funds
Plus500 has followed the traditional route of offering a single type of trading account for a modest deposit of $100. $100 can be used to trade on all types of CFD products, but the Plus500 leverage on the instruments may vary according to the particular type of asset. For instance, traders can invest in shares and CFDs by using a maximum leverage of 1:30, which is in-line with ESMA regulations. Plus500 charges dynamic and competitive market spreads, which can vary depending on the trading instrument. Plus500 does not charge commissions on most trades, however additional fees may be applied depending on your trading style. These include overnight swap fees, currency conversion fees, and inactivity fees should you not use your account for 3 months or more.
You can deposit money in a Plus500 trading account via Skrill, credit/debit card payments, or wire transfers. All trader funds are protected by the great regulatory guidelines imposed by the FCA, the ASIC, and the CySEC. The FCA and the CySEC come under the European MiFID, which has numerous policies to ensure the safety and protection of client funds from broker abuse.
Once you have completed all the necessary requirements, Plus500 withdrawals are quick and easy, with the broker honoring all withdrawals made by its clients. While there may be a few instances where the broker holds on to payments due to security reasons, traders can expect the broker to send their payments without any major issues.
Desktop & Mobile Plus500 App Review
Plus500 may be considered to have fallen a bit short of trader’s expectations when it comes to the choice of trading on an advanced Plus500 platform. Unlike other brokers that offer MT4 or other third-party software as standard, Plus500 has designed their own version of a web-based browser platform that is used to access the entire list of CFD products. Traders will surely miss the flexibility and dedicated features that are usually available on installable interfaces. Professional traders will also miss the availability of MT4 or other popular trading platforms that are exceptionally popular among retail Forex traders.
On the other hand, the web browser has its distinct advantages such as scalability with desktop and mobile applications, easy and secure access to trading account, and the ability to access your account from anywhere in the world. The web browser also avoids the pain of installing the software on any dedicated device, which further improves usability. You do get almost all the features on the Plus500 app that are expected from a professional trading platform, which can be accessed through a browser on Windows, Mac, Android, and iOS devices.
Plus500 tries hard to promote itself as an investor-oriented brand that gives priority to the consumer. There are several aspects of the broker that makes it one of the best Forex brokers in the market, but there are also numerous drawbacks that may hinder the broker’s ability to become a global leader in CFD trading. Regardless, the Plus500 is a popular company that has time and again proved that high-quality services will always lead to an excellent customer service experience, immaterial of the few downfalls that are to be expected from a large company.
The information displayed herein about Plus500CY Ltd. and its services is merely generic and derived from publicly available reliable sources or received from Plus500CY Ltd. (Entity authorized to operate in Spain through the passporting regime, reg no. 384).
