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 2023, 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 and Windows-based platforms. Traders can access the mobile platform using the existing credentials or create an account.
Due to regulatory obligations, there is no bonus given to new customers. But it does not matter much because they are already giving out so many free and advanced features that new players will be up to the speed quickly.
Yes, Plus500 offers its new traders a free demo account. You can have a taste of Plus500 features without spending a single penny in the first place. The best thing is that there is no limit to the demo account; you can use it as long as it takes to get familiar with the trading platform. After completing the registration process and verifying their credentials, traders will have access to the demo account. It is important to note that the account is active for a period of 30 days. Traders will be given virtual funds to place trades in a no-risk trading environment. Once you are acquainted with the trading platform, you can deposit funds and start placing a trade.
Plus500 is NOT A SCAM. They are regulated by top prestigious authorities around the globe. Plus500 is also listed in London Stock Exchange Listed Global CFD & FX Broker. They have over 200 thousand active customers and a trade value which is enormous. They are trustworthy and reliable, with no serious complaints. The fact that the broker is licensed from reputed regulatory bodies is a clear indication that Plus500 is not a scam.
Unfortunately, Plus500 does not offer any kind of VIP program for their traders. All the accounts provided by plus500 are all the same normal ones. You can not pay more to get any type of extraordinary service. This shows they do not want to discriminate between their traders.
Plus500 has an extraordinary customer support system in place. They have a unique live chat feature that is available at your service 24/7. The most important feature is their exhaustive FAQ section which is rich with relevant questions and their answers. Unfortunately, there is no telephone support available at the moment, which means you cannot call them for your queries. You can contact them by visiting contact us’ page, they will reply to your email address. No email address is provided.
Plus500 features a special section named “Trader’s Guide” where you can find all the trade educational related answers. However, when compared to other trading websites, they do not have such vast trading guides. They do not have any tutorial videos for new members on trading. They do not possess many educational videos on trading. If you are a beginner then we will not recommend you plus500 to start your trading career with, you can’t learn trading here without losing quite a significant amount of money. On the bright side, they do offer FREE demo account options for an unlimited period of time which is a great help for those who want to first get familiar with the trading platform.
In a nutshell, we can say that Plus500 is one of the best online brokers for trading both for newbie and experienced traders. Sure they have a few cons which are mainly the concern of new traders, but they can be overlooked by the overwhelming advanced free features. They even have free unlimited demo account feature, which helps in understanding their trading platform. With excellent security features, reliability, safety, easy to use, and much more, Plus500 is undoubtedly on the top of the line. We highly recommend traders to register an account with Plus500 and experience a new world of online trading.
Licensed by: BDSwiss is licensed by three different prestigious organizations from all over the globe- FSC (Mauritius),Cyprus Securities and Exchange Commission (CySEC), and U.S National Futures Association (NFA).
Address: Tenancy 10, Marina House, Eden Island, Mahe, Seychelles.
Official website: bdswiss.com
Phone Number: +44 2036705890 (English), +49 3021446991 (German)
Email Address: You can send them a message through a contact form online and they will reply to your email.
Support Info: 24/5 support with WhatsApp, Telegram, Email, Call Back system, Live chat, and FAQ.
Support Languages: Supports more than 20 languages some of them are- German, English, Italian, Spanish, French, Greek, Swiss German, Swiss French, Swiss Italian, and Portuguese.
Products offered: BDSwiss offers- Forex, CFD, Indices, Shares, Commodities and Crypto.
Trading account currencies: When you open your account with BDSwiss you will get to choose your currency from these three options, 1st EURO, 2nd US Dollars, and 3rd British Pound.
Minimum Deposit: $100
Minimum Trade: $50,001
Max Trade: $1,000,000
Demo Accounts: Yes, BDSwiss does offer a free Demo account for their clients. The Demo account already has a system generated $10,000 virtual credit in it for you to practice your trading skill.
Payment /Withdrawal info:
With an attractive $0 commission on withdrawal they truly leave a positive impression on their clients and critics. To withdraw your balance you can use- Bank Transfer and many more. They offer fast and hazel free withdrawal options. They are very secure when it comes to any kind of transaction of credits. Since they are licensed and regulated by three different prestigious institutions they will not scam you with your withdrawals.
The minimum withdrawal amount is $100, however you can withdraw less than that but then BDSwiss will add an extra $10 bill with it. Let us assume you wish to take out $40 then you will be deducted $50 and get $40 in your bank account. They support lightning speed withdrawal, we tested it and it takes a maximum of 5 days to withdraw your winnings.
Platforms being used at BDSwiss: BDSwiss offers MetaTrader4 (MT4), MetaTrader5 (MT5), BDSwiss Mobile App, and BDSwiss WebTrader trading platforms.
What to expect:
You can easily create an account on BDSwiss within a minute by clicking at the green or blue button below.
In order to create an account you need to follow these steps carefully:
After this process is done you need to submit some legal documents like- Proof of Identification, Proof of Address, and Complete KYC. (NOTE: Demo account will be auto generated on your account after you sign up).