Click here to open a live or demo account with Plus500
Reviews and opinions about Plus500, CFD Broker among the most used in Europe. The complete guide to all services and the trading platform.
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
Is Plus500 a secure broker for trading online? Through the opinions collected among users and the direct use in the field, BesomebodyFX.com offers a review on Plus500 that responds in a clear and complete to the needs of those who are thinking of relying on this broker.
Before choosing Plus500 to trade CFDs on forex, stocks, commodities etc. make sure you have read the complete review and the opinion of who is already a customer, so as to be sure you are operating in the markets through a reliable and quality broker. Let's start with the guide to the features of Plus 500, to its trading platform, to benefits, to safety and regulatory information.
Plus500 Is Safe?
Plus500 Ltd is a CFD Broker listed on the London Stock Exchange and headquartered in Israel. In order to be a listed company, among other things on the largest stock market of the Old Continent, it is necessary to publish the company quarterly periodically and comply with several important requirements.
It is a widespread and reasonable opinion that a broker listed on the London Stock Exchange inspires much more confidence than a newborn broker that does not publish even the address of its offices.
Furthermore, - Plus500UK Ltd authorised & regulated by the FCA (#509909). - Plus500CY Ltd authorized & regulated by CySEC (#250/14). - Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). - Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546.
Plus500 In Simple
|Platforms||Plus500 Trading Platform (standalone, web and mobile)|
Plus500 differs from other brokers thanks to the offer of a single trading platform for its customers and bases its success on its usability. The platform has been studied directly by the Plus500 team and is, therefore, a proprietary trading platform.
The main features of the platform are the ease of use and compatibility with all types of devices, from the smartphone to the PC. Everything a trader needs can be found on the initial screen of the platform, which remains clean and easy to understand.
So How Does Plus500 Work?
The Forex and CFD broker is getting you more and more excited. It is time to find out what the next step is once you understand that Plus500 will be your broker for online trading.
First you have to choose: demo account or real? The button below will display a screen where you can make your choice (as shown in the image below).
"80.6% of retail CFD accounts lose money"
Illustrative purposes only
Once chosen, just sign up and voilà, here it opens the trading platform of Plus500 as shown in the image below.
At the top there are the most traded instruments, each accompanied by two buttons: Short and Buy. Do you think the price of the instrument you want to trade on will decrease? Then you will have to go short. Do you want to focus on the quotation rise instead? So it's time to buy.
One thing that i personally LOVE about Plus500, is that they show your take profit and stop loss in € rather than pips, this way you can easily manage your position size based on the amount you are risking per trade.
Illustrative purposes only
What About Spread And Commissions?
When choosing your broker, one of the key factors to consider is the cost of trading. Costs can be divided into two categories: commissions and spreads. Plus500 does not apply commissions. Traders pay a small spread on the assets they are trading on, usually, for the major pairs it's less than 2 pips or even 1 pip.
Plus500 provides customer support via e-mail and live chat, available 24 hours a day, 7 days a week. Customer service usually responds within 30 minutes. You can send an e-mail via the contacts item on the Plus500 website or start a chat conversation directly from the trading platform.
Deposits and withdrawals?
Deposits and withdrawals on Plus500 are simple, and can take place via:
- Major credit cards such as VISA, MasterCard
- Wire transfer
To make a deposit, simply follow the steps below: 1 step: click on «Fund management» and select «Deposit» 2 step: select the chosen deposit option 3 step: fill in the required fields on the form and click on «Submit»
To withdraw the capital earned from your trading account, the process is similar to that of the deposit. Simply select the "withdrawal" option in the "Fund management" section. The processing time of the practice is from 1 to 3 working days. Once the withdrawal request has been approved, it will still take a few days to display the funds on your current account:
- By credit card: according to the processing time of the bank
- By bank transfer: normally within 5 working days
- eWallets: 3 to 7 working days
The Strengths Of Plus500
- simple and intuitive trading
- platform competitive, low and fixed spreads
- withdrawal of profits made simple and fast
- high number of negotiable instruments
- low minimum deposit required to open a trading account
- authorized and regulated by the supervisory authorities
- user friendly trading platform,
At the moment the only aspect that can still be improved are the graphs of the trading platform and the limited number, although more than sufficient, of indicators for technical analysis.
With so many Forex Brokers available on the Internet, it is surprising to find that many of these are still not regulated by financial authorities. With the number of scam sites growing every day, it never hurts to choose a properly regulated broker like Plus500. The number of customers in the world of Plus500 continues to rise, a clear sign of the confidence that traders continue to give to this forex broker every day.