Plus500 Review

Plus500 was founded in 2008 by a group of highly skilled individuals who wanted to create an online trading platform that is accessible to everyone. Plus500 has experienced tremendous growth since its creation and has advanced into an online broker, offering innovative products such as CFD’s and Spread Betting and now operates in multiple locations throughout the world.

Plus500 provides online trading services for commodities, stocks, indices, ETFs, and more. Its cloud-based trading platform offers instant access to all markets and boasts fast trade execution. Plus500 is regulated in major markets including the UK, Australia, Canada, and Cyprus. It is listed on the London Stock Exchange. 

By 2011, Plus500 Ltd grew exponentially to be one of the leaders in CFD trading. Their success is due in part to being a market leader in mobile trading. They are driven to giving their clients access to global markets across multiple devices.

Focused on sophisticated, web-based trading technology, Plus500 offers extensive trading instruments with more than 2,000 CFDs from indices, commodities, cryptocurrencies, shares, options, stocks and forex.

Is Plus500 Safe?

Plus500 is a very safe online trading broker. Whether you’re a conservative investor or a risk-seeking trader, Plus500 offers a complete forex trading experience. Plus500 is authorised by some of the world’s leading regulators: the Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS). You’ll be trading with no collateral on your account and have the most major currencies available for trading!

Plus500’s segregated account holds your money separate from the company’s money. This way, If Plus500 fails in any way, you will not lose a single pound. Plus500 is a fully regulated broker and adheres to strict Financial Conduct Authority (FCA) rules regarding Client Money Protection.

Plus500 Account Verification

The Plus500 team works hard to protect the safety of your account and we want you to be protected too. That’s why they have a policy of verifying your details before you start trading. To ensure the client’s financial security, all clients must verify their accounts such as their name, residential address, date of birth, email address and phone number.

You will need a variety of documentation to verify your account. To verify your account, you must provide proof of identity, proof of address, and verification of funding source (bank statement). Proof of identity must be a government-issued photo ID (passport, driver’s license) that includes a name and date of birth.

If you need to update your account details in the future, contact Plus500. Contact them with the relevant information that needs to be changed, and they’ll review your request. For security reasons, you may need to provide additional documentation.

Margin Trading on Plus500

When trading on Plus500 you use a margin to trade, so it’s important to understand how margin calculations work. Margin requirements and calculations vary for each financial instrument. 

In trading, the term margin is used to refer to funds deposited with a broker by an investor when opening a position. The initial margin (also referred to as the opening margin) is the total of cash, marginable securities and unused/available financing related to each particular trading instrument.

Plus500 Demo Accounts

Plus500 offers a demo account to get you started on your trading journey to familiarise yourself with how it works before you make any investments. Unlike with the main account, nothing is at risk and there is no fear of losing out.

You can use a demo account on Plus500 to practice your trading techniques. You do not risk real money in a demo account, and you can try out different options before executing them with actual trade. Demo accounts are a great way to get started, and Plus500 offers free demo accounts that you can create in just a few minutes.

Platforms and Tools

The Plus500 WebTrader is a professional platform designed for those who want quick access to the market. It boasts high-performance trading tools, ensuring you gain an advantage over the market. Plus500’s platform provides the necessary information anytime, anywhere, making it easy to conduct trades on your schedule.

Simplicity

Plus500’s web-based platform is a great place to start for beginners. Offering advanced features for both casual and professional traders, Plus500 offers traders an intuitive way to manage risk with GSLO orders and trailing stops while enjoying the convenience of placing trades directly online. This allows them to monitor their trades on their computers, laptops, tablets, and mobile devices in real-time 24/7.

Charting

Plus500's WebTrader platform is packed with features that help you trade effortlessly. Its WebTrader platform gives you access to the latest charts, as well as over 100 optional technical indicators. You can also save your favourite chart templates, and use them to follow how your trades are performing.

Desktop Platform

With Plus500, you can invest from anywhere, at any time. It’s easy to open an account and get started. With desktop trading no longer supported by its Windows 10 application, the company focuses on web apps and Android mobile devices. If you’re looking for a simple and beginner-friendly trading experience, then Plus500 is the right fit. Plus500 offers a proprietary trading platform, where you can execute trades in CFD directly with the click of a button.

Trade Experience

WebTrader, Plus500’s proprietary platform, is a stable and reliable trading environment that offers a trading experience that is consistent across devices (Windows PCs, web browsers, smartphones, and tablets). The easy-to-use interface allows for fast access and simple navigation.

Plus500 strives to provide only the most functional and intuitive tools that will help traders make informed trading decisions. It offers the web-based platform, WebTrader, which allows placing trades and conducting analysis from a browser. The platform also includes its own charting tool, offering more than 100 technical indicators for drawing technical analysis of the price action of several underlying assets. 

The best feature of WebTrader is that it’s easy to use and can be customized to the users’ unique needs. You can choose from over 2,000 instruments and customize your trading screen with technical analysis tools that work for you. It allows you to trade in a few clicks – with all of the tools built into WebTrader.

Plus500 Deposits

Covering all transfer fees associated with your deposit comprises one of Plus500 unwavering policies. In most cases, Plus500 will cover any fees associated with payments into or out of your Plus500 account. However, when you are making a deposit to your Plus500 account, it is possible that you may incur a payment processing fee from your bank or payment issue. 

For example, If you make a deposit using a credit card issued by a bank not located in your country, the conversion will be processed via a foreign acquirer. For your incoming or outgoing international bank transfers, Plus500 uses your bank’s exchange rate in conjunction with an additional margin for the provider. If you deposit currency that Plus500 does not support, the conversion will be performed at your Bank’s exchange rate in conjunction with an additional margin for the provider.

Your withdrawals Will be subject to a small withdrawal fee only if you’ve exceeded the maximum withdraw you can make in a month. Otherwise, Plus500 doesn’t charge you a fee for withdrawing your funds.

Plus500 Fees

One of the most trusted online trading companies, Plus500 is driven by a fundamental belief that each client – no matter how big or small – should be able to access the financial markets.

Plus500, a CFD online trading platform, offers a wide range of CFDs across major global indices, commodities, treasuries, stocks, and indexes with no commissions or fees. Plus500 clients receive unparalleled fast execution times, advanced order placement capabilities, well-designed charts with real-time quotes for total control of their trading activities.

Unlike most brokers, this company does not make any money off of clients’ trades. Instead, the company makes its money from the bid and ask spreads.

Plus500 Payment Methods

To verify your identity and protect you from misuse of your account, Plus500 may ask you to submit additional documentation, including but not limited to proof of address or a recent utility bill. Your documentation will vary depending on the type of payment method you’re using to trade on Plus500. 

If you wish to deposit using a credit card, debit card, or international bank transfer, we may need to verify your documents. Either way, you have nothing to worry about. Plus500 do their best to provide a safe trading environment for all clients, and the site is subject to stringent regulatory oversight by top-tier jurisdictions like the FCA.

For credit/debit card deposits, Plus500 may ask you to upload a photograph of your card, bank statement or proof of payment depending on the type of payment you carry out.

Trade Alert

To help you stay on top of the markets, Plus500 alerts will notify you when the price of a specific financial product has reached a certain threshold. You can set up as many alerts as you like, and Plus500 alerts are totally free and easy to set up. Alerts allow users to be notified if security in their watch list receives a certain price or volume level. 

Users can adjust their alert settings from the application menu and view, edit, or remove existing alerts from the Alerts tab. To set up an alert, select the instrument you want to be alerted for on the main screen, and choose the bell icon.

Plus500 Trade Alerts are sent directly to your device. You set up specific conditions, and Plus500 sends you a notification when they’re met. This can be push notifications, SMS messages, or emails depending on your preferences.

Economic Calendar

As a global brand within the financial industry, Plus500 is proud to offer our users access to timely market data. On Plus500’s website, you’ll find a built-in economic calendar to help track and anticipate market movements. Data on the economic calendar comes from Dow Jones. For each event, you will see the time, country/currency impacted, the title of the event, and related instruments.

The corporate calendar provides an overview of upcoming corporate and economic events and allows you to customize the display to your own preferences.

Risk Management Tools

Forex trading can be held responsible for introducing a new level of complexity in the world of financial investment. This risk should not be taken lightly. Plus500 offers a range of powerful tools that provide you with an additional layer of security and protect your investments against the pitfalls of the market.

You can trade with an even higher level of confidence because you can set a price to close your position automatically if the market reaches a specified level. Set a Close at Profit (Close on Profit) order and we’ll automatically close your position when the market reaches your desired profit level, knowing that the greatest potential for profit has been achieved.

Plus500 Notifications

Plus500 offers more than just market news and trading alerts. You can also sign up for push, email, or SMS notifications from the Plus500 website. The platform and application can send you notifications when your account equity approaches the maintenance margin value as a way to keep you aware of any potential issues. 

To do this, go to the User menu (on the web) or to the main menu (in the app), click on Account, and then select Notifications. After you have activated notifications, you can link or unlink a currency pair to an alert and set its conditions.

Plus 500’s Security and Privacy Features

Plus500 does not give out details of their security features in order to protect their customers. However, you can be assured the available technology is used to secure your personal information and transactions are processed with 100% SSL 256-bit encryption. They go above and beyond to ensure that your personal information is safe, including using a variety of industry-standard security methods. This ensures that your account is just as safe as their website. 

Plus500 is committed to protecting the security and privacy of all its clients. All sensitive information submitted into the company’s website and platforms are encrypted, which makes it impossible for anyone else to access your personal data due to the highly sophisticated encryption system.

Plus500 Customer Support

Whether you’re a new trader or an experienced investor, our 24/7 support team always has your back. With FAQ categories for account verification, deposits, fees & charges, financial instruments, opening an account, regulators, submitting financial documents, trading, and withdrawals you can easily find the answers you need. 

They also have many videos that show off how our platform works. You can contact Plus500 using the live chat function at all hours on business days, or by sending an e-mail. Alternatively, there is a search bar on the ‘Help’ page to assist you in finding information about any of our products or services.

What Else Should You Know About Trading with Plus500?

Trading with Plus500 is available to all investors, although certain trading methods are prohibited, such as hedging, scalping, and insider trading. Unsuitable trading behaviour may lead to the closure of your trading account.

And unlike other companies, you will never lose more money than you have in your account with Plus500. Once the trading positions are opened on the markets, there are two different scenarios. The first one is if the equity drops to a level below 0. In this case, Plus500 automatically closes all positions and all positions will be zero – and you will not lose any additional money. 

On the other hand, if your margin remains above 0, then Plus500 keeps open all positions that remain profitable but also signals for the client an additional interest for him or her to execute a closing operation as soon as possible.

To make sure that you never go below the maintenance margin value, keep an eye on your balance at all times and ensure that you have enough funds to cover potential losses. Plus500 also offers notification options if your account equity is approaching the minimum balance required.

Final Thoughts

Plus500 Ltd is licensed and based in the UK. It’s a large, legitimate company listed on the London Stock Exchange, which helps to reassure traders that their money and information is being kept safe. Plus500 is also regulated by the FCA, giving you peace of mind that this trading platform operates correctly within the laws of the United Kingdom.

Plus500 is one of the most popular and feature-complete digital trading platforms for binary options. Their website is easy to navigate and provides users with a range of trading tools. Customer support is available 24/7 via live chat and email. Plus500 caters strongly to traders from all over the world, with an impressive list of countries and languages.

Overview

Plus500 is a UK-based forex broker that offers CFD trading through their interactive web trading platform. Since its founding in 2008, it has grown to become one of the largest brokers in Europe. Plus500 trading platform offers approximately 2,000 instruments in its portfolio, including cryptocurrencies, commodities, Forex, ETFs, options, indices, and shares. Its focus on leverage trading makes for highly profitable opportunities. 

You can trade via your web browser or via its mobile application. If you’re new to trading, Plus500 provides everything you need to start trading CFDs and FX. The platform is very user friendly, you won’t need any experience in order to place an order smoothly. 

Plus500 is making it easy to start trading CFD’s. Plus500’s best-in-class user experience and its low minimum deposit requirements make trading simple for you, even if you have limited trading experience. Its variety of instruments to trade makes it a more appealing option than other platforms, which only provide access to one asset at a time.

Plus500’s goal is to make the market accessible to more people, enabling them to trade and invest in a variety of currencies online through its CFD trading platform. Plus500 is dedicated to the development of new technologies and growing their marketing. This will increase their chances of acquiring new customers.