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Plus500 review

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. Please consider our Disclosure documents available on our website. Serving over a million clients, Plus500 is one of the fastest and largest growing brokers in Europe and Asia.

Please note that Plus500 does not accept U.S. clients. Therefore, if you are located in the United States, we suggest choosing another top rated broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

All financial promotions on a site that promotes Plus500 must have the following risk warning: "80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Types of Trading Accounts

Plus500 offers two account options, consisting of a demo account and a live account that requires a minimum deposit of $/£100.

Trading Software

Plus500 offers a comprehensive and easy to use proprietary trading platform and technical analysis software for their clients. The trading platform allows the trader to trade in multiple markets from the same screen and provides real time quotes for all of its products.

A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Options and Indices.

Besides its ease of use, the main advantage of the Plus500 trading platform consists in an all inclusive trading screen with clearly labeled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting software is included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.

The Plus500 trading platform comes in three different versions: Stamp

  • Downloadable version
  • Web-based trading platform
  • Mobile trading platform

Deposits and Withdrawals

Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers/Skrill or through a wire transfer. The fastest way to begin trading is by depositing through a Visa or MasterCard. The customer just has to go to the Plus500 cashier screen and fill out their credit card details to begin trading immediately.

Funding an account through MoneyBookers/Skrill is just as easy. The customer must navigate to the "Funds Management" window in the trading platform, select the MoneyBookers/Skrill option, and enter the MoneyBookers/Skrill e-mail address. A new pop up window will open where the transfer can be confirmed.

Deposits made to Plus500 through a wire transfer are generally straightforward but take up to three days to show up in the account. For a wire transfer deposit, go to the "Funds Management" window, click on "Wire" and then click on the "Send me Wire Details" option. Plus500 will then email the customer with the wiring details.

The Plus500 email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer.

Customer Support

Plus500 offers support in multiple languages 24/7.

Conclusion

Plus500 is a user-friendly platform that will suit new traders. Tight spreads make it a competitive broker that will also impress those who have previous trading experience. They cater for those who wish to avail of a cleaner, simpler trading interface from a reputable service provider. This, coupled with their competitive sign-up offers, make them a broker worth considering. To re-iterate a previous point, this type of trading exposes the trader to a high level of risk. It will not suit all traders, but the money management and chart analysis tools available will make it easier to manage an account on Plus500.

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