Plus500 Forex and CFDs Trading Broker Review

Forex Broker PLUS500

Plus500 platform today it is one of the leading trading platforms in the field of CFDs. It works with such financial instruments, as ETF, Forex, stock indices, and commodities. Plus500 Ltd is an owner of brand rights and all management functions of the platform.

Platform review

London Stock Exchange added Plus500 Ltd to the principal market in 2013, and by 2014 the market capitalization of the company reached $ 1 billion. Today, several subsidiaries that operate under the management of the parent company Plus500 Ltd use the brand.

Plus500 Regulation

In the UK, Plus500UK Ltd is a representative of the brand. It is under the supervision of the British Financial Supervisory Authority (FCA, FRN 509909). Plus500CY Ltd, which is under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC, License No. 250/14), also uses this brand.

In Australia, New Zealand, and South Africa, Plus500 AU Pty Ltd. is a user of the brand. Plus500 uses only the latest technology in its operations. This approach allows it to provide its clients with safe and reliable conditions for conducting transactions with more than 2000 financial instruments.

plus500 best forex broker review
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Min Deposit: €100
Regulated: ASIC, CySEC, FCA (UK)

Is the Plus500 reliable?

Plus500 has been on the market for almost ten years. The company built a reputation as a reliable broker who deserves the trust of its customers. The clients know this broker as an industry leader in introducing innovations, constantly adding new products and services, and trying to satisfy all the needs of its customers.

However, Plus500’s reliability bases not only on the quality of the services it provides to traders. Plus500’s operations are in full agreement with international law. Do not forget that the company is in the jurisdiction of three countries at once: Great Britain, Cyprus, and Australia.

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76.4% of retail CFD accounts lose money

Plus500 Trading platforms

Plus500 provides its customers with the most advanced trading platforms. Using a computer, users can choose between a web platform and a downloadable application. The web version does not require download and installation, so you can easily access this platform anywhere in the world.

  • Mobile platform

Traders who want to conduct trading operations from smartphones and other mobile devices can use the mobile application. The Plus500 platform is available on Windows, iOS, and Android. The iOS application allows customers to manage transactions using iPad, iWatch, and Apple iPad. The Android version of the app is also safe and supports various devices.

  • Plus500 User Interface

The user interface of the trading platform is easy and intuitive. The trading screen shows 3 main sections, and the menu is on the left side of the screen. The upper part of the trading screen is responsible for the asset selection, while the trading chart is at the bottom of the screen.

You can choose to display a line chart or a candlestick chart. Also, you can use various technical indicators, and place them on the quotation chart for the depth analysis of price fluctuations. The trader can adjust the chart time range from 1 minute to 1 week.

  • Trading Accounts

Plus500 adheres to the principle of maximum simplicity, and it offers its customers only two types of trading accounts – standard trading account and training one. The process of opening an account is quite simple and does not take much time. Just click on Create Account, and you will get to the registration page. If you are a new user, then you should choose a demo account, since you will always have the opportunity to switch to trading in real money.

Enter the required information and click Create Account. If you need any help opening a trading account, then click Live Chat to open a pop-up chat window. When you feel confident enough to conduct transactions with real money, then select the Real money mode from the menu on the left side of the trading screen.

Deposit and withdraw options from Plus500 account

Depositing and withdrawing funds from the Plus500 account are simple procedures. The platform supports the following payment methods:

  • Credit cards as VISA, MasterCard;
  • Bank Transfer;
  • PayPal;
  • Skrill.

Pros and cons of the platform

Pros:

  • Free demo account;
  • Regulation in several countries;
  • Friendly trading platform interface;
  • Wide range of dealing assets;
  • Excellent mobile platform.

Cons:

  • The FAQ section is not understandable, and it’s not easy to find;
  • Plus500 doesn’t support MetaTrader trading platform;
  • There is no training for beginners.

plus500 best forex broker review
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Min Deposit: €100
Regulated: ASIC, CySEC, FCA (UK)

Conclusion

We can state the fact that the broker offers an excellent set of tools. The functionality and simplicity of the web-based trading platform are impressive. Plus500 is also a reliable and trustworthy choice for a trader. As for the quality of Plus500 services, the broker demonstrates the ability to satisfy the requirements of almost all categories of traders in the market. Therefore, it is not surprising that Plus500 is one of the most popular brands of online trading.

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76.4% of retail CFD accounts lose money

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Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.