Plus500 is an industry well-known leader; it was first established back in 2008 in Israel. The company is listed on the London Stock Exchange. It provides CFDs, ETFs, Commodities, Indices, Options, Forex Trading and Cryptocurrencies Trading.
Plus500 offers over 2,000 trading tools with leverage; also, the broker provides a unique trading environment experience and ensures trader funds’ security.
Plus500 Regulations
Plus500 is a safe broker as it is regulated by high-level financial authorities such as;
- The UK’s Financial Conduct Authority (FCA),
- The Australian Securities and Investments Commission (ASIC),
- Plus500CY Ltd is regulated and authorized by the Cyprus Securities and Exchange Commission with license number 250/14.
- Plus500SG Pte Ltd is regulated and authorized by The Monetary Authority of Singapore.
- Plus500IL Ltd is licensed and registered in Israel.
Opening a Plus500 Trading Account
Plus500 is a global online broker covering almost all countries around the world. However, there are some restricted countries such as The United States Of America, Canada, Cuba, Iran, and Syria. Clients who are residents of these countries can not open Plus500 Trading Accounts.
Plus500 offers its clients to open an individual trading account with a minimum amount of $100.
The trading accounts come with various base currencies: USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, and SGD.
Plus500 offers their clients to try out a demo account with zero risks to experience their trading environment and ensure your abilities to trade with a live trading account. A demo account is the same thing as a live account; just with a demo account, you are trading with NOT-REAL money, which is risk and stress-free.
Opening a Plus500 trading account is quick, easy, and digitized.
- Basic data ” Full name – country – email – phone number – address – date of birth.
- Choose an account type and trading platform.
- Determine the base currencies.
- Leverage size.
- Some questions regarding your level of trading experience.
- Verify your identity.
Spread & Funding Your Account
After verifying your trading account, you can start funding your account, as Plus500 offers a wide range of payment methods to make it much easier for you with $0 fees on any deposit and withdrawal process. Ensure that your payment details are the same on your Plus500 account, following the Anti-Money Laundering Authority’s policy.
You may fund your account via;
- Bank transfer
- Credit/Debit card
- PayPal
- Skrill
Plus500 does charge $0 commissions on almost all its services, including deposits, withdraws, FX quotes, CDFs prices. The broker makes its money out of Spreads.
Plus500 does offer a competitive spread structure compared to the other brokers in the industry. You can simply check out the live rates of spreads on the website by clicking on the info icon for the pair or tool you are interested in.
There are fees on the overnight trades, and you can check out the rates through the trading platform. Plus500 does charge a $10 fee for the inactivity trading accounts that have not been active for 3 months.
Plus500 User Experience
Plus500 offers its clients a wide range of trading different markets with over 2000 instruments, including CFDs, Shares, Stocks, ETFs, FX, Gold, Oil, and cryptocurrencies.
Traders and investors who are interested nowadays in cryptocurrencies trading as it is on fire and kind of short term investing to gain quick profits, Plus500 offers you those pairs to start trading on right now, ETH/BTC, BTC/USD, BCH/USD, LTC/USD, ETH/USD, NEO/USD, IOT/USD, MXR/USD, XRP/USD, and EOS/USD. Also, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO, Ripple, IOTA, Monero, and EOS.
Plus500 always ensures the security of traders’ funds and provides a wide range of tools to minimize the risk.
Those tools give you the ability to set a limit order, whether a profit or loss, which we know as Limit Orders. These tools help you to close your trades automatically to protect your profits or manage to minimize your loss.
Customer Support
Plus500 provides its clients with customer support to answer any inquiries you may have. You can reach technical support through an Email, live chat, WhatsApp, or browse their blog and FAQs, where you can look for what you want. You can choose your native language to communicate from among the languages supported by Plus500. This makes it relatively easy to explain your questions.
Customer support is available 24/7 from Monday to Friday. The languages supported by Plus500 are English, French, Arabic, Spanish, Italian, Polish and Chinese, simple Chinese, Estonian, Croatian, Lithuanian, Norwegian, Romanian, Swedish, Czech, Slovenian, Hungarian, Turkish, Dansk, Maltese, Portuguese, Belarus, Deutsch, Latvian, Russian, Hebrew and Haitian.
Plus500 Final Thought
Plus500 is a globally well-known CFD leader. The broker is safe and regulated by top-tier financial authorities such as,
- The UK’s Financial Conduct Authority (FCA),
- The Australian Securities and Investments Commission (ASIC),
- Plus500CY Ltd is regulated and authorized by the Cyprus Securities and Exchange Commission with license number 250/14.
- Plus500SG Pte Ltd is regulated and authorized by The Monetary Authority of Singapore.
- Plus500IL Ltd is licensed and registered in Israel.
The broker is also listed on London Stock Exchange. Plus500 provides the best trading environment experience with a not-expired demo account to try it out. Great customer support 24/7. Give it a try; Plus500 does not require any minimum amount to open a trading account. Even if you open a trading account with $100, the broker charges a $0 fee.
Plus 500 gives you a wide range of tools to start trading, including CFDs, Forex Trading, Cryptocurrencies, Indices, Commodities, Options, and ETFs.
