Plus 500 Broker Review; A CFD Trading Provider
Plus 500 is a leading provider of Contracts for Difference (CFD’s), delivering trading facilities on shares, forex, commodities, ETFs, options and indices, alongside innovative trading technology. Plus 500 is regulated and authorized to offer trading in Contracts for Difference (CFD) in Indices, Commodities, Stocks and Exchange Traded Fund (ETF). Plus500 is only authorized to provide CFDs in various underlying products
Serving over a million clients, Plus500 is one of the fastest and largest growing brokers in Europe and Asia. Unlike most of the leading CFD brokers around, Plus500 boast of an in house developed trading which clean cut and simple to operate for those looking for no frills trading.
About Plus 500 CFD Service
Plus 500 offers the trading of Forex trading via CFDs and CFDs in other assets on its trading platforms. The unique selling proposition of this broker is the provision of a positive trading experience for its clients.
When it comes to financial products, strength and reliability might be the first values to promote. Plus500 is authorized and regulated by well-regarded financial regulators: Plus500 UK LTD is authorised and regulated by the Financial Conduct Authority (FCA). Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any right to the underlying assets. Plus500 Ltd, is listed on the AIM section of the London Stock Exchange (PLUS.L)and follows best practice corporate governance.
Plus 500 Trading Platform
Although extremely popular in Europe and Asia, Plus500 differs from the other leading Forex and CFD brokers in the sense that Plus500 offer just one trading platform to their clients. The platform is in-house developed and comes in 3 different versions:
- As a downloadable package – Windows desktop trader is the downloadable version of the Plus 500 trading platform.
- As web-based trading platform – Web Trader is a totally web-based solution requiring only a username and password to login to the account to start trading.
- As a Mobile trading platform – Smartphone apps for the iPhone, iPad and Android devices. These trading application apps are available on the respective app stores of the providers.
The instruments available are clearly displayed to the left-hand-side of the trading page. It is possible to navigate by instrument type and, in the case of indices, by country. Traders can navigate between a cash and demo account, via the link on the left of the trading page. An option for fund management is offered which provides feedback to traders, based on experience and background. This can be used to indicate a traders suitability for on-line trading.
Sadly, MT4 users will be disappointed as there is no provision for this platform by Plus 500. All trading platforms used are proprietary in nature and are wholly developed by the Plus 500 team. Despite the fact that MetaTrader 4 is the leading trading software for Forex, Plus500 is still able to capture a size able market due to the fact that they focus on ‘no frills’ trading. Many traders prefer to trade without the headache of suffering from informational overload. The trading platform just provides the essential information needed for a trade in one screen.
Plus 500 International Accessibility
The Plus500 platform is available in 31 different languages across over 50 Markets, Including Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew Hungarian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Norwegian, and Polish.
Plus500 is a rapidly growing CFD provider and currently offers its portfolio of over 2000 instruments who welcome traders from virtually all countries, excluding the United States and a small number of Middle Eastern countries. Customer Support is available 24/7 via email and online chat in multiple languages.
Plus 500 Trading Accounts
Plus500 traders can trade CFDs with over 2,000 instruments (Shares, Indices, Commodities, Forex, and ETFs) across over 20 different markets worldwide.
As with the philosophy behind their trading platform, Plus500 offers just one type of trading account. However, a minimum deposit of 100 EUR is required for traders who want to sign up with Plus500. An unlimited free demo account is also provided to those who signed up with Plus500.
A variety of tools and support structures are available to all traders. The charting package offered is the Plus500 proprietary platform and is a little on the basic-side. This seems to have been done in an effort to remove the clutter that can sometimes obscure trading-charts and works quite well. All financial promotions must have a prominent risk warning ‘Your capital is at risk’.
There is a still an array of technical tools, such as RSI, Bollinger Bands and moving averages, to name some, included. These will assist traders in identifying trading opportunities and calculating acceptable risk-exposure. Plus500 allows these indicators to be easily added via the “Setup Indicators” icon.
Plus 500 Trading Markets
Plus500 offers a number of tradable CFD assets to its clientele. Please Remember: that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved. Tradeable Assets include:-
- Stocks – Stocks are categorized by country, making it a simpler task for traders focusing on particular regions.
- Commodities – The most common commodities are all available to trade as well as some of the more exotic options such as Wheat, Corn and Sugar.
- Forex – All the major currency pairs are available to trade at Plus500. The offering also includes exotic pairings and the less liquid currencies.
- Indices – At Plus500 it is possible to trade on the movement of all the major indices in the world, including the S & P 500, the FTSE 100 and the Nikkei 225.
- ETF’s – Traders will be pleasantly surprised by the number of tradable EFT’s on offer at Plus500, allowing an interesting and diverse investment portfolio.
Plus 500 Leverage, Commissions and Spreads
As in the industry standard, Plus500 do not charge any commissions on trades executed by them.
Plus500 was one of the first brokers to offer leveraged trading on bitcoins which were made available as CFDs. In January 2014, it responded to demands of its clients and increased its leverage. In all other aspects, the bitcoin is treated the same as the other Plus500 CFDs and can be traded in the Plus500 demo account.
Trade at your own risk. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading are high and may not be suitable for all investors. Binary Umpire or its stakeholders doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
Plus 500 – User Friendly Experience
One of the European leading brokers, Plus500, have a variety of mediums available to new and existing clients to make their trading experience user-friendly and available subject to terms and conditions! * ” Your capital is at risk ” Please note Plus500 platform is suitable for traders with the relevant experience.
Plus 500 Brokerage Reliability
When considering the reliability of a broker, one of the most important things is to check if they are regulated or not. In this respect, it is reassuring to see that Plus500 is regulated across various jurisdictions. Plus500 is the most easy to use trading platform out there yet it includes advanced features attractive to experienced traders.
As for funding the trading account, Plus500 make things easy by providing several methods of depositing funds. The following transaction methods exist on Plus 500 for funding and withdrawal from the trading account:
a) Credit cards: The following cards are accepted: VISA, MasterCard and Maestro.
b) Skrill (formerly Moneybookers) is an e-payment solution that allows traders to use their credit cards, the Skrill e-wallet or other online payment methods to deposit and withdraw funds from the account.
d) Wire transfers are available for those who cannot use the methods listed above.
The minimum deposit on Plus 500 is $US100. Traders are allowed a minimum trade size of 0.5 units of the currency the account is held in. The minimum spread can be fixed or dynamic . For specific queries on this please speak to customer services. Please note CFDs are “complex financial products” so can only be marketed to people with previous experience of financial markets.
There are no deposit or withdrawal fees, and no limitations are placed on the amount that can be withdrawn and the frequency of withdrawals.
Plus 500 Conclusion
With so many brokers around today, it is quite surprising to see that many of them still do not attempt to get themselves regulated by the proper financial authorities. With the number of scam sites existing on the internet, it never hurts to deal with a broker that is properly regulated like Plus500.