Plus500 Full Review
Plus500.com is an international online Forex and CFD broker.The company is Located in UK, under the holding “Plus500 Ltd”. Plus500 is regulated by the FCA (Financial Conduct Authority) registration number – #509909. In the rest of Europe, the brand operates under “Plus500CY Ltd” and is regulated by CySEC (Cyprus Securities and Exchange Commission) , Licence No. 250/14.As you can see Plus500 keeps its value and stays legit in all aspects.
Promotions and Account Types
Plus500.com offers both standard trading account and a free unlimited demo account.
Plus500 standard account requires a minimum deposit of 100$ however you can open with Plus500.com an account for FREE and actually get 25$ in real money!
In terms of bonuses Plus500 won’t leave you alone, you get a welcome bonus based on your deposit, the welcome bonus starts from a minimum of 30 euros deposits.
What can you trade with Plus500? Well you are going to be surprised by the variety of assets Plus500.com offers. You have around 2,000 tradable assets or in other words, you can trade whatever you wish for.
Stocks– CFD stocks are offered to traders from international locations (over 20 countries), you will get dividends for your shares possession. Leverage of up to 1:294 ( a lot for small accounts). Plus500 stocks offer wide variety of sectors, from large to small companies, Google, Microsoft, and smaller ones like Amedica (symbol : AMDA) and more.
Forex – Here you can find more than 50 pairs of currencies, low spreads and no commissions! Leverage up to 200 or in other words you can have 400 euros in your account but a trading power of 80,000 euros.
Commodities -You can trade with a minimum of 100€ wide variety of assets such as: Natural gas, platinum, corn, gold and oil. Trader leverage can reach 150.
There are plenty of more assets you can choose such as ETF’s, Options and more, contact Plus500.com support for further information regarding their trading assets.
Plus500 offers a 24/7 support, traders can communicate with the team through email or live chat, which is a great way of communicating as timing is a crucial factor in trading. One big plus for Plus500 is the available languages so traders from around the world who don’t speak English can also benefit from great support in both technical and professional issues. There is one problem with their support, they don’t have a phone number to call in case you have a problem, as Plus500.com believes in technology they decided not to open a phone line, this however is not great if you don’t get Internet reception, you are literally cut off Plus500 if you don’t have internet
Plus500 Trading Platform
Plus500 trading platforms is divided to 3 : Desktop, Web and Mobile. This is a big advantage the fact that you can choose based on your accessibility makes life easier in terms of trading.
Desktop software – Great solution! provides many features and of course it will run faster as it is being installed on the actual computer rather than in the internet.
Web-Trader – fully web based application, mainly for people who wants to invest while they are away of home and have an accessible computer next to time, like work of family house. Fast, Sharp with plenty of features, great idea if you want to make money without installing any software.
Mobile – Get an access from every place on earth ! Who says you can’t travel and make money? With Mobile trading platform you can do it easily. Of course it won’t be the best solution if you want to view the charts and actually find trades but if you are using any signals service or you have heard on a good trade from one of the analysts in Plus500 you can invest using the Mobile App.
Risk Management Tools
In one’s opinion this is one of the most important points when you are looking for a broker. The Risks and Managements are basically the broker’s solutions for your money exposure, how does the broker deal with open trades, what can you do in order for you to minimize the risk and optimize the profits here are the main features Plus500 offers.
Account leverage – You can set the amount of leverage you want in your account, why is that important? When you make more than 4 trades together it can sometime for inexperience trader can cause problems in calculating the amount of money left for the broker’s securities, thus starting with small leverage and increasing it slowly can be a great idea for someone who is new to the world of trading.
Stop-Loss – Imagine you are now placing a trade and you need to go to work, pick up you kid or anything that forces you away from the computer, with Stop Loss command you can just place where you want the trade to exit in case your prediction was wrong. Let say you bought 100 shares of apple for 10 dollars, if it falls below 9 you will lose 100$, however you only want to lose 50$, in this case you can place a Stop Loss on 9.5$ so the computer automatically sells you shares and control your loss.
Take Profit – Same as stop loss can make sure the computer collects your profits on a pre set price.
Price Alerts- as it sounds, these alerts make sure you are not missing opportunities to make profits on good trades.
Plus500 Scam Or Not – Conclusions:
Plus500.com is a reliable broker! they offer wide variety of solutions for traders in different levels.
In terms of trading platform and regulation they perform very high compare to other companies.
Support 24/7 which is great for beginner and experts who trade on a daily basis.
In conclusion Plus500 is a SAFE.