Plus 500

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4.7

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Pros
  • Free Demo Account
  • Regulated in Multiple Jurisdictions
  • User Friendly Trading Platform
  • Wide range of trading assets
  • Great Mobile Platform
Cons
  • FAQ poorly positioned making it hard to find
  • No MetaTrader Trading Platforms
  • No Trading Education Support
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 understand how CFDs work and whether you can afford to take the high risk of losing your money.
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More Information

Name Plus 500
Website URL https://www.plus500.com
Established 2008
Location UK
Minimum Deposit 100
Support Options Email, Chat, Phone
Deposit Options Credit Card, Neteller, NETEWER, , Neteller, Skrill (Moneybookers), POLI, Entropay, Paysafecard, MyDebit, Thai card, Wire Transfer, Fast Bank Transfer and Cheque.
Withdrawal Options Cheque, Bank Transfer, Skrill (Moneybookers) and Neteller. Currently, Wire, Check
The largest CFD broker in the UK by total number of relationships with UK CFD traders according to Investment Trends’ UK Leverage Trading Report 2018. Zero commission and 24/7 support. Spreads shown are variable.
Plus500, founded in 2008, is a world-leading online Contracts for Difference (CFDs) trading platform for financial instruments such as Forex, ETF, stocks, commodities and market indices. The Plus500 brand is owned and managed by Plus500 Ltd, a public listed company on the Main Market of the London Stock Exchange. Listed in 2013, Plus500 Ltd’s market capitalization value reached in excess of $1 billion by 2014. Today, Plus500 Ltd operates through several subsidiaries bearing the Plus500 brand.

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Plus500 Regulations

In the UK, it operates under Plus500UK Ltd under the regulatory oversight of the UK’s Financial Conduct Authority (FCA, FRN 509909). Plus500 also operates under Plus500CY Ltd which comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC, Licence No. 250/14). For Australia, New Zealand and South Africa, the operations are conducted through Plus500 AU Pty Ltd under the purview of the Australian Securities & Investments Commission (ASIC, AFSL #417727). Using only the latest technology, Plus500 offers their clients a safe and secure trading environment for them to trade in over 2000 different financial instruments.

Plus500 Reliability

Having operated now for close to a decade, Plus500 has managed to carve a name for itself as a trustworthy and reliable broker. The broker has always prided itself on being in the forefront of market innovation. They are constantly introducing new products and services to meet their clients’ trading needs. However, Plus500’s reliability extends beyond the services that it is providing traders. The company is also a public listed company with a solid financial background on the main market of the London Stock Exchange. Finally, Plus500 abides by and complies with international laws and is regulated in 3 different jurisdictions namely UK, Cyprus and Australia.

There are also additional layers of protection which Plus500UK Ltd is able to offer to their clients. For example:

All client money is held in segregated client bank accounts in accordance with the Financial Conduct Authority’s client money rules.
Plus500UK Ltd uses its own money for hedging, it does not use client money for this purpose.
Plus500UK Ltd does not pass client money through to hedging counter-parties.
Plus500UK Ltd does not initiate speculative positions in the market.
Plus500UK Ltd has no exposure to corporate or sovereign debt.
Plus500UK Ltd does not invest the money in retail clients.

Plus500 Trading Platforms

Plus500 provides their clients with a cutting-edge proprietary trading platform. The desktop trading platform is a web-based or downloadable client application, the web-based requires no software download or installation hence making it very accessible from most of the countries in the world.

Mobile Platform

The Plus500 trading platform is available not only as a web-based trading platform but also as a mobile trading app for traders who wants to trade using their smartphones or mobile devices.

Plus500 is available for Android, iOS, and Windows. The broker iOS app provides its clients the opportunity to trade around the clock via iPhone, iPad and Apple iWatch. The Android app is very stable and supports all various devices.

Plus500 User Interface

The user interface of the trading platform is simple and easy to understand. The trading screen is divided into 3 main sections with the menu functions located on the left side of the trading screen. The upper section of the trading screen displays the available assets for trading while the lower part of the trading screen displays the trading chart. The chart can be viewed as a line chart or as a candlesticks chart. There are also technical indicators available which you can overlay on the chart for a more detailed analysis of the price movements. The time frame of the chart can also be adjusted from 1-minute view to 1-week view.

Apart from all various trading features mentioned above, the Plus500 trading platform also comes with several key risk management tools such as “Close at Profit”, “Close at Loss”, “Guaranteed Stop”, “Trailing Stop” and Price Alerts.

Close at Profit: Allows you to close a trade automatically once it reaches the designated profit level.

Close at Loss: Allows a trade to be closed automatically if a trade reaches a defined stop loss level.

Guaranteed Stop: With a guaranteed stop, it puts an absolute limit on your potential losses regardless if there is slippage. This tool is especially useful for markets which are extremely volatile.

Price Alerts: A price alert warns you that a trade has reached a specified price. Unlike a Stop order, a price alert doesn’t close a trade but merely serves as a tool to help keep abreast of developments in the market.