Plus500 is one of its kinds – a genuine FX broker with a streamlined trading platform. They offer traders a secure and user-friendly experience, among others in this industry. They are trustworthy as they are registered in the United Kingdom and licensed by none other than FCA or Financial Conduct Authority. With guaranteed stop and many more features that are free of any cost, Plus500 is sure to serve you well in your trading experience.
Plus500 accepts almost all the reputed payment options like VISA, MasterCard, PayPal, Bank Transfer, Skrill, Ideal, BPAY, Giropay, and Trustly, among others for accepting deposits and withdrawals. The broker is not only limited to your computer but is also provides you with the same world-class service on smartphone and tablet PCs as well. You can use Plus500 to trade on your iPhone or iPad, Android phones, or Windows-based PC with one click of a button.
Yes, Plus500 is 100 percent safe and legitimate for you to trade on. This company is authorized and regulated by the Cyprus Securities, Exchange Commission, Financial Conduct Authority, and Seychelles Financial Services Authority for different regions. Furthermore, Plus500 holds AFSL issued by ASIC, FSP issued by New Zeeland, and authorized financial services provider issued by the FSCA in South Africa.
Plus500 is not a scam broker, and it is evident by 5-star customer reviews from traders across the world. With over two thousand active customers in different countries and enormous trade value, they are trustworthy and completely reliable. In the year 2019, they had 2, 00,000 active customers and the total trading value was in tune with more than $1300 billion.
You can trade with Plus500 with full confidence as they are authorized and regulated by the famous Cyprus Securities and Exchange Commission (License No. 250/14). At the same time, it is a UK FTSE 250 company listed on the London Stock Exchange’s main market for listed companies. You should not worry about the security of your payments, as all the payment processing will be secured by 128 bit SSL encryption technology.
Plus500 is one of the most sought after brokers in the Forex trading industry and is extremely popular amongst traders. But just like any other broker, Plus500 has its share of pros and cons which are discussed below:
The advantage of trading with Plus500 is they offer world-class security with easy to use features. With an easy registration process and various trading tools, they are one of the leaders in their industry. Furthermore, they also provide novice traders with easy to understand trading guide, which really makes trading easy and fun.
Plus500 has a stronghold with easy to use interface in comparison to other brokers. They offer both desktops as well as mobile experience for their trading site. With this feature, they make it extremely easy for traders from the comforts of their home or while on the go. They make it easy for new and less experienced traders by providing a free demo before the registration process. You can gain complete command of your trading experience by using their advanced tool. To make trading much simpler yet fruitful they offer with different features like Stop Limit, Stop Loss, and Trailing Stop. The exciting thing is that they also give you a feature called “Guaranteed Stop” after you sign up and start trading. This feature is sure to help in your trading to cut your losses.
Now the attractive part of Plus500 that you rarely find in any other trading partner of this industry is the meager trading fee. Plus500 offers traders a very low trading fee and average non-trading fees. If you are worried about a high inactivity fee that is generally charged by other trading partners, then don’t worry because although Plus500 has an inactivity fee, it is only applied if you are not logging in at all.
S&P(Asset)- Fee(Low): The fee is built into spread and 0.45 is the average spread cost.
Europe50 CFD (Asset)- Fee(Low): The fee is built into spread and 1 is the average spread cost.
EURUSD (Asset)- Fee(Average): The fee is built into the spread, and 0.6 pips are the average spread cost.
Inactivity Fee (Asset)- Fee(Low): $10 per quarter after 3 months of inactivity.
Plus500 is a cost-conscious trading partner. It is also easy to deposit and withdraw big or small funds. They provide high-end SSL encryption technology in every payment initiated by the trader. They offer various payment methods with the likes of E-wallets such as PayPal, Visa, MasterCard, and direct bank transfers, among others. They provide us with tight spread which costs us a minimum fee. With no commission feature, you are sure to enjoy your enormous profits. The attractive part of Plus500 is that they are really fast and reliable when it comes down to order execution. The company also makes available a user manual type educational section on their website, which is named as Trader’s Guide.
There is not much to complain about Plus500 except about their minimal research tool, product portfolio, and educational section. Let’s discuss them:
If we were to rate the research section of Plus500, then it would be 2/5. Sure they have useful interactive charts and very user-friendly experience, but when it comes to trading ideas, fundamental data, or news flow, Plus500 loses their shine here. The attractive charts with 107 technical indicators and an impressive editor tool make it easy to keep track of your trading. When it comes to the education section of their website, there are no available trading platform tutorial videos for newcomers.
Plus500 have only a few essential educational videos available for the users which are not even nearly enough for anyone to understand the game here thoroughly. However, the new flow situation in Plus500 is much worse; there is no or very little news flow. So, in short, we can say that there is no or very little fundamental data available for the users. It would be wise to remember that Plus500 does not provide trading ideas or any kind of fundamental data.
Plus500 offers a clean, easy to use, and well-designed trading platform for traders. The most interesting feature is that even a newbie trader will take no time to understand the basics and start trading. The downside of this sophisticated trading platform is that you cannot customize it to your standards. The signup process is quite easy and can be completed in less than five minutes.
Traders will have to verify their email to activate the account. The best thing is you need not have to deposit funds in the beginning. You can browse across the trading platform even if you don’t have funds in your trading account. Plus500 offers a demo account for the newbie traders to understand the basics and get acquainted with the trading platform.
Just like any other reputed broker, Plus500 also offers mobile trading for their customers. Now you can trade even when you are traveling. They provide their world-class services on your mobile phones or tablet. The broker offers their in-house mobile application which is compatible across iOS, Android