Plus500 is one of the industry leaders, the company was organized in Israel in 2008, but is well known outside of this state. For customers, this broker offers to earn on CFDs, ETFs, cryptocurrencies, the currency pairs market, as well as generate income on indices and options.
Plus500 offers financial leverage, with about 2,000 instruments available for trading. Clients’ finances are protected.
Learn more about the company
Among the regulators of the company the most trustworthy organizations are: British regulator FCA, Australian regulator ASIC, in Cyprus the company operates under the rules of CySEC, and the company is also controlled by regulators in Singapore, Israel.
How to open an account with Plus500
The company operates in almost every country in the world, but the exceptions are customers from North America, Iran, Syria, Cuba and Canada.
The minimum amount to start trading is $100 and you can open an account in different currencies: American dollar, British pound, Euro, Swiss franc, Japanese yen, zloty, Canadian dollar, Turkish lira, Norwegian krone and Singaporean dollar.
Plus500 gives all our clients a free demo account so that you can get to know the platform and check if you are ready to start trading in a real trading environment.
To open a trading account just fill out a simple form: personal details, email, residency and some other details. After that you should choose the type of account, the currency you will work in and the amount of leverage. After that every client has to go through verification of documents. It is important that you can deposit your trading account only after verification of your personal data.
Options for funding your trading account: PayPal, Skrill, bank transfer, international plastic card.
The company does not charge for deposits, withdrawals. The company generates most of its revenue from the spreads.
Information about spreads is always publicly available on the company’s website; this distinguishes the broker from its competitors.
All in all, Plus500 works absolutely transparent, information about the fees is always available before opening an order, account registration is quite simple.
The company has a certain fee for overnight transactions, for inactivity of the trading account for more than 90 days.
Trading opportunities of the company
Plus500 offers work on 2,000 assets, among them precious metals, oil, digital currencies, currency pairs, stocks, CFDs, ETFs.
The attention of many investors is now turned to cryptocurrency, as it provides a stable and high income in the short term. Available many pairs of digital currencies to the U.S. dollar, such as BTC/USD, IOT/USD, EOS/USD, ETH/USD and others.
The company worries about the safety of customers’ money, so it offers some tools that can minimize the risk, such as stop-loss, trailing stop, take profit, and more.
Customer support at Plus500
The company attentively monitors and promptly responds to customer inquiries, communication is available through email, online chat, WhatsApp. There is a list of frequently asked questions and answers on the site.
At any time of the day or night and on any day of the week, support is available to help traders with their questions in several languages, including: English, Italian, Lithuanian, Arabic, Chinese, Czech, Turkish, Danish, Hebrew, Russian, German, Romanian and some others.
Results of the Plus500 Review
The company is one of the world leaders in CFD trading. The broker has a big number of regulators known in the financial world. The company provides transparent and convenient trading environment, demo account without any limitation if the client wishes. Support works in many languages in the 24/7 format. To start trading, a minimum investment of $100 is required.
Among the instruments available for trading, currency pairs, cryptocurrencies, contract for difference, commodity group, precious metals, and indices.
- 24/7 support
- Client and company protection is separated
- Possibility of working without swaps on Islamic account
- Free demo platform
- Insured investments
- Tools for risk-free trading
- Bonus program
- Disadvantages of the Company:
- The company does not work with clients from Canada, Japan
- No cent accounts
- No possibilities for automated trading
- No constant spreads due to working with several liquidity providers