Hello Wootfi.com Visitors Today We Covered Plus500 Review . Please Read Our All review to know more about Plus500 Broker .
About Plus500
Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including Contracts for Difference (“CFDs”) and Share dealing, and in the United States, Plus500US offers futures trading. Plus500 has a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and is a constituent of the FTSE 250 index.
The Plus500 trading platform is offered by Plus500CY Ltd. Therefore, Plus500CY Ltd is the issuer and seller of the financial products described or available on this website. Plus500CY Ltd is a Cyprus based company with its offices located in Limassol.
The company is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with licence no. 250/14, to offer Contracts For Difference (CFDs) in various underlying products. The company is a rapidly growing CFD provider and currently offers a portfolio of over 2800 instruments. Plus500CY Ltd is a subsidiary of Plus500 Ltd, a company listed on the London Stock Exchange’s Main Market for Listed Companies, and headquartered in Haifa.
Plus500 at a glance
| Minimum Balance | 100 units of the linked currency |
| Regulators | FCA, CySEC, ASIC, Israel Securities and Investments Commission |
| Options trades | 0.65$ per contract |
| Year Founded | 2008 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Headquarters | Israel |
| Official Website | Click Here To Visit |
How To Create Account At Plus500
Plus500 offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Commissions and fees
Overall, Plus500’s pricing is in line with the industry average but trails the best forex brokers when it comes to active trader pricing (see IG or Saxo Bank for comparison). Plus500 does not provide discounts to retail clients, but does offer cash rebates (akin to an active trader program) if you qualify and are designated as a Professional client.
Spreads: For the EUR/USD, the Plus500 platform displays a dynamic spread of 0.00008 (0.8 pips). Accordingly, the average spread from Plus500 for the EUR/USD during August 2021 was 0.8 pips, which is in line with the industry average.
General Fees
- Opening/Closing Trades – $0
- Withdrawls/Deposits – $0
- Currency Conversion Fee – 0.7%
- Inactivity Fee – $10 per month
In addition to the fees listed above, Plus500 also generates income through its trading spreads. Plus500 spreads are variable. Obviously, it will not be possible for us to provide you with specific spreads for their instruments as these spreads will fluctuate throughout the trading day.
Plus500 Web Trading Platform
Plus500’s bespoke platform and features are accessible across various devices and offered for desktop and mobile. One of the most appealing aspects of Plus500’s platform is its proprietary trading platform WebTrader, through which Plus500 online trading is conducted. The WebTrader web trading platform offers clients a streamlined trading experience with an intuitive interface suitable for experienced traders.
With Plus500, you can also trade cryptocurrencies (Availability subject to regulation), although in the form of CFD products. For this purpose, an exchange wallet has now been incorporated into the platform.
Plus500 Mobile Trading Platform
Plus500 has similar software available for download for clients who wish to access their trading platform via mobile or tablet (iOS and Android). The Plus500 app includes all the functionality of the desktop application.
Through the mobile trading platform, new customers can open an account, make a deposit and start trading all the CFD products available on the web platform.
The Plus500 mobile trading app currently has 4.3 stars ratings on both the iOS and Android app stores.
Is Plus500 legit?
Yes, Plus500 is legit. The company is licensed by the Australian Securities and Investment Commission (ASIC), AFSL #417727, and is also regulated by the Cyprus Securities and Exchange Commission (CySEC). Moreover, it is also listed on the London Stock Exchange.
Plus500 Customer Support
Plus500 has an extensive list of Frequently Asked Questions you can browse through in order to find your answers. However, if you cannot find the answer you’re looking for, you can contact customer service through email.
High Grade Features Which Offer By Plus500
Protected & secure
Your data is safe and your funds are kept in segregated bank accounts, in accordance with regulatory requirements.
Professional support
Get around-the-clock dedicated customer service in multiple languages.
Regulated
Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Reliable
Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange’s Main Market for Listed Companies.
Ease of use
For newer traders, Plus500’s browser-based WebTrader is a great starting point before graduating to a more advanced platform. WebTrader is cleanly designed and focuses on simplicity. The few advanced features available within Plus500’s flagship platform include trailing stops and guaranteed stop-loss orders (GSLO), which can be helpful risk management tools for casual traders.
Excellent Customer Support
Plus500 provides 24-hour customer service and gives their customers reliable responses to all questions.
You can contact Plus500 via:
- live chat
- phone
Plus500 Forex customer support team offers services in English, Chinese and Spanish. You can contact Plus500 using live chat, email or phone, depending on your needs.
Live chat is best for quick and easy responses. Plus500 virtual agent provides you with helpful information about company FAQ pages just by typing his name into the search bar. Live customer support was also very helpful – company appreciate being able to offer both options to customers.
Pros & Cons Of Plus500
| PRO | CONS |
|---|---|
| Great proprietary trading platform | You can trade only on US markets |
| Trusted and Regulated | Plus500’s research content consists of just a few daily articles, and its video content lacks market updates or analysis. |
| Wide Variety of Instruments | Despite its integrated economic calendar, news headlines are absent from the Plus500 platform suite. |
| Is Plus500 good for beginners | |
| Is Plus500 legit |
Plus500 Review Conclusion
Plus500 is a well-established and reputable online trading platform that offers a wide range of features to its users. Some of the key advantages of using Plus500 include a user-friendly interface, a wide range of markets to trade in, leverage, mobile trading, 24/7 customer support, negative balance protection, risk management tools, advanced charting and technical analysis, and regulation by multiple financial authorities.
However, it’s important to note that with any online trading platform, there are also risks involved and it’s important to thoroughly research and understand the market and the risks involved before trading. Additionally, it’s also important to ensure that the platform is regulated and authorized by a reputable financial authority.
Frequently asked questions
What is Plus500?
Plus500 is an online trading platform that allows users to trade in a variety of markets including forex, commodities, indices, and stocks.
Is Plus500 regulated?
Yes, Plus500 is authorized and regulated by multiple financial authorities around the world such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
What type of accounts does Plus500 offer?
Plus500 offers different account types, including a demo account for practicing and testing trading strategies and a real money account for live trading.
