Established in 2008, Plus 500 is a well-liked trading platform for people looking to trade CFDs. CFDS are the leveraged products on which users can place their orders on and then they can predict the movements of the assets. Plus 500 has become a world-leading CFD trading platform. Headquartered in Haifa, its subsidiary operations are based in Australia, Cyprus, Singapore, and the United Kingdom. The platform is regulated and authorized by FCA (Financial Conduct Authority), ASIC (Australian Securities & Investment Commission), and CySEC (Cyprus Securities & Exchange Commission).
The Plus 500 platform intends to offer all its users an efficient and secure service. Plus 500’s team prides itself greatly on its transparency and professionalism and they strive to offer a platform that is compliant with the necessary financial procedures and regulations. Since the company is a fast-growing CFD provider, it offers complete access to a large portfolio of more than 2000 instruments. Plus 500 is a simple to use, reliable and secure platform accessible to the traders in 30 different languages around the world.
Pros
- An intuitive platform that is easily accessible from every possible device
- A good list of nicely tradable cryptocurrencies
- A big list of shares and other tradable assets
- Availability of website in 30 different languages
- A user-friendly and transparent platform
- Excellent customer support
Regulations
Plus 500 is authorized and regulated by the Financial Conduct Authority in the UK as Plus500UK Ltd. Plus500CY Ltd is regulated and authorized by CySEC and Plus500AU Pty Ltd is authorized and regulated by ASIC in Australia and FMA in New Zealand.
Reliability
Plus 500 is different from the other online brokers when it comes to reliability and safety. It has a noteworthy benefit over the other broker. It secures its clients’ funds under the FSCS (Financial Service Commission Scheme) of the UK.
Trading Platform
The trading platform of Plus 500 offers traders access to the financial markets using its own proprietary tools. You do not even need to install or download the software as it is a fully web-based platform. Its simple and user-friendly interface makes it easy to use. The user-friendliness of this platform makes the platform simple to use. You also get an option to select between candlesticks or graphs on this platform. Plus 500 lets users adjust a graph’s time window ranging from one minute to one week. Plus 500 offers many different trading tools as well such as Guaranteed Stop, Close At Profit, Trailing Loss, Price alerts, and Close at Loss. These price management tools make sure that the traders have minimized risks.
Mobile App
Plus 500 is one of the leading brokers at present that also offers a mobile trading app for Android, Windows, and iOS. The app can be downloaded easily from the Play Store or the App Store. The app is a simplified version of the web trading application. Both Sell and Buy buttons are properly positioned within the trade. They offer candlestick charts also that you can use to your benefit. This offers a lot of convenience for those who are looking to trade on the go.
Account Types
The broker strives to keep the things simple and to attain that they provide two types of accounts only. One is the demo account and the other one is the Standard Account. The new users can choose a Demo Account as they can switch the account later on to a Standard Account. You can choose to decide between a demo account having a virtual money trading option or the real money Standard Account.
Opening an account on Plus 500 is quite simple and needs a few steps to follow only. Simply click on the “Sign Up” link on the website and you will be taken to their account opening page. Enter all your required details there and click on the “Create Account” option.
Depositing and Withdrawing funds
Plus 500’s deposit procedure is very simple and the withdrawal procedure is simpler. When you start using this platform, you need to go to the “Fund Management” section present at the screen’s top. You will find an option between deposit and withdrawal. While depositing, you’ll need to select the method that is most suitable for you as to when you make any withdrawal, you’ll be paid by the same option. The deposit and withdrawal option include:
- Bank Transfer
- Credit Cards
- Skrill
- PayPal
- Neteller
Customer Support
Plus 500 customer services department is fully equipped to deal with email and live chat queries with reliability and speed. The broker offers customer service support also in a variety of languages and is available 24/7. While you won’t find a phone chat channel, traders can try out the following communication ways:
- There is a “Write to Us” form which can be accessed using the website.
- Live chat is available for 24/7
- Social media networks such as Intagram.com/Plus 500, Facebook/Plus500, plus.google.com/Plus 500, and twitter.com/Plus 500.
Conclusion
Plus 500 is an extremely reputable and well-known broker that offers its clients an exceptional trading service. Plus 500 impresses users with its developed trading software and is a simple to use platform. The countless tools offered on the platform assist the traders to minimize any risks that are involved in trading. The broker also has the lowest minimum deposit, a practice account, and bonus offers. Overall, Plus 500 is an outstanding trading platform for the non-US traders that offers the capability to trading many different assets. Novice traders can use a demo account to know about the different workings of this platform. Experienced traders can take advantage of the exceptional spreads. Plus 500 lets traders trade in many different financial markets and everything from only one screen.
Their mobile app can be installed easily on your mobile device if you want to spend lots of your time looking at the present position. They also have a demo account for you to play around.
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