Plus500
Review

September 20, 2021
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Plus500 made its debut appearance in 2008. That is when it began assisting investors in the interbank foreign currency market who lacked sufficient liquid assets. The broker's primary area of expertise is CFD delivery. They let traders to benefit from trading assets such as stocks, commodities, and exchange-traded funds (ETFs) without purchasing them.

The Plus500 trading centre is incorporated in the United Kingdom, and therefore has its headquarters in London. The FCA regulates the firm's brokerage operations. The dealer has a licence that enables it to lawfully operate across the United Kingdom. Plus500 now has over one million customers..

What is plus500?

Plus 500 is a CFD broker based in the United Kingdom. It began operations in 2008. Plus500 offers CFD trading on currency and a variety of other assets. This broker provides a one-of-a-kind trading experience to its customers. The Financial Conduct Authority (FCA) of the United Kingdom has accredited Plus500.

On its official website, https://www.plus500.com, you may begin trading with the broker on the Forex market. The online portal's interface is accessible in 31 languages, allowing people from all over the globe to operate more efficiently. Additionally, the main page has neatly organised sections that include trading and analytical tools, relevant business information, and a button to register for an account.

Plus500.com main webpage
The broker has very attractive offers for clients. Among its trading conditions are worth noting:

  • Terminal: WebTrader, Windows platform.
  • Mobile application: Software for Android and iOS gadgets.
  • Demo account: Available.
  • Account types: Standard.
  • Minimum deposit: 100 USD
  • Welcome bonuses: 30% of the deposit amount.
  • No deposit bonus: 20%.
  • Types of financial assets: currency pairs, CFD, stocks, commodities.
  • Technical support: 24/7.

Plus500 Pro's and Con's

Plus500 Pro's and Con's
Pros

  • Multilingual
  • Company that is tightly controlled by various organisations
  • Client money are held in segregated accounts.
  • Numerous financial instruments
  • Cheap trading commissions and narrow spreads
  • Commission-free fair leverage
  • Minimum deposit is minimal and there is no deposit charge
  • Account creation is simple and there is 24/7 assistance through email, chat, and WhatsApp.
Cons

  • Hefty inactivity fees, high withdrawal fees, and stringent withdrawal restrictions are all part of the package.
  • Payment options are restricted, as are instructional tools and resources. Research tools are also limited.
  • There is a limited variety of accounts and trading platforms.
  • There is no PC version of the trading platform available.

Is Plus500 scam or a safe?

Let us figure out is Plus500 legit? Plus500 has been around for nearly a decade. The business has earned a reputation as a trustworthy broker. The broker has always been a pioneer in innovation, continuously offering new products and services to meet all customer requirements. However, Plus500's dependability is not only dependent on the services it offers to its clients. The company is listed on the London Stock Exchange and has a hefty market cap. After all, Plus500's operations are strictly regulated by international law. Not to mention that the business is based in three countries: the UK, Cyprus, and Australia.
FCA The United Kingdom Financial Authority
The United Kingdom Financial Authority
(FCA)
CySEC The Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission
(CySEC)
MAS The Monetary Authority of Singapore
The Monetary Authority of Singapore
(MAS)
ISA The Israeli Securities Authority
The Israeli Securities Authority
(ISA)
ASIC
The Australian Securities and Investments Commission
(ASIC)
Plus500 offers its clients extra security guarantees:
Client money are kept in a separate bank account per FSA rules.
Plus500CY Ltd solely utilises its own money to hedge risks, not customer funds.
It does not send customer money to counterparties for hedging.
Plus500CY Ltd does not engage in market speculation on its own.
And Plus500CY Ltd has no corporate or national debt.
Plus500CY Ltd does not invest personal money.
is Plus500 scam or a safe?
Malaysians will trade via the subsidiary, Plus500SG Pte Ltd, which is regulated and licenced by the Malaysian Securities Authority (MAS). The MAS is a well regarded regulator that imposes stringent regulatory supervision on its brokers. All brokers are monitored and audited on a regular basis, and are obliged to submit audit reports to the appropriate authorities on a quarterly basis. Additionally, MAS-regulated brokers are obliged to maintain separate customer accounts.

In accordance with the MAS's rules, Plus500 Malaysia is regularly audited by independent auditors, segregates client funds from operating capital, limits maximum leverage for Forex trading to 50:1, and provides negative balance protection, which ensures that traders can never lose more money than they have in their trading accounts.

While the MAS rule provides extra safety, some Malaysian traders may find the modest leverage limits limiting. Malaysians should also be aware that the Securities Commission of Malaysia presently does not licence Plus500 trading.

Plus500 makes no mention of any industry accolades it has earned, although its services have garnered many honours throughout the years.
We consider Plus500 to be a trustworthy and safe CFD provider due to the rigorous regulatory supervision, the lengthy track record, and the fact that it is listed on a public stock exchange.

Plus500 Awards

Since its launch in 2011, the Plus500 app has earned the highest possible rating in the Apple Store, and while the firm's website does not disclose any accolades that it may have won throughout its time in business, the company is highly respected and known around the globe.
Plus500 Awards
Since 2013, Plus500 has sponsored Atletico de Madrid, which has won La Liga titles in 2013 and 2014, as well as being a Champions League semifinalist in 2016 and 2018.

Additionally, the Plus500 Group secured a significant sponsorship deal with the Plus500 Brumbies for the 2017 Australian Super Rugby Championships, which was extended until 2019..

Leverage

When it comes to leverage on Plus500, the user reviews all say the same thing we did: the level of leverage depends on the specific asset as well as the client's financial situation and experience.

For example, the leverage available to private clients (those who do not have professional trading experience) is restricted by the European Securities and Markets Authority (ESMA) and is limited to the following amounts: up to 1:30 for forex, 1:5 for stocks, 1:2 for cryptocurrencies, and from 1:10 to :20 for commodities and stock indexes.

On the accounts of professional clients, there is no such restriction; in fact, the limitations are considerably larger; nevertheless, in order to get the status of such a customer, you must meet a number of requirements. However, since ESMA limitations may not apply to non-EU nations, you may be able to get favourable terms even if you are a private customer.

Account types

Additionally, Plus500 follows to the concept of maximum simplicity by offering just two kinds of trading accounts to its customers: a regular trading account as well as a demo account. The procedure of establishing a bank account is straightforward and does not need much time. Simply click on "Create Account" and you will be brought to the account registration page for you to complete.
Account types Plus500
On this page, you may select between trading with real money and trading using a demo account. We suggest that you start with a sample account to get you started. The demo account would be an excellent choice for new members since you will always have the opportunity to convert to real money trading if you want to start making money with Plus500.

Following your selection of the demo mode for your account, you will be sent to the account registration page. All you have to do is fill out the necessary information and click "Create Account." You may get assistance opening your trading account by clicking "Live Chat", which will launch a chat session in a pop-up browser window. Following your confirmation that all of your information is accurate and your click on the "Create Account" button, you will be sent to the trading page. If you want to trade with real money, go to the "Real Money" tab on the left side of the trading screen and choose that option.

Plus500 Fees

Plus500 offers usually cheap trading costs, which is a good thing. While reviewing their price structure, it was clear that they either do not charge brokerage fees for some services that other brokerages charge for, or that they charge a lower amount than other brokerages. As a result, they are a viable choice for the majority of traders, regardless of how often they trade (even several times a week). To find out how much Plus500's platform costs, we'll break down the different trading and non-trading fees that the company has to offer.

Costs and fees that are not incurred include:
There are no deposit costs.
There are no withdrawal costs.
There are no fees.

Minimum Deposit

The bare minimum deposit amount is one hundred dollars (US dollars).

According to the current conversion rate between the United States dollar and the Malaysian ringgit as of the date of this writing, this minimum deposit amount is equal to 415.45 Malaysian Ringgit.

Commissions and spreads

When it comes to selecting a broker, one of the most important considerations is the transaction's cost. Commissions and spreads are the two components of the cost. There are no transaction fees with Plus500. Rather than that, dealers are required to pay a modest spread on asset transactions. The table below details the Plus500 platform's standard Minimum Spreads (Note: spreads are dynamic).
* CFD service. 72% lose money
*As of 27 June 2021.

Tools

Plus500 Tools
plus500 deposit​
Plus500 provides a broad variety of financial instruments for trading, with over 2,000 spreads available across seven asset classes, including:

  • Currency pairs - includes all major, minor, and exotic pairs;
  • Indices - with a wide spread across countries and sectors;
  • Commodities - including but not limited to oil, Brent oil, copper, and others;
  • Stocks - including US stocks, the United Kingdom, Germany, and Italy;
  • TIFs - including iShares Silver, GLD Gold, NUGT, and Commodity Index Fund, among
  • others;
  • Options, including Apple, Tesla, and U.S. stocks.

Customer Support

Plus500's customer service representatives are accessible 24 hours a day, seven days a week. Traders may get in touch with the support staff through email or via live chat. Plus500's website and trading platform are accessible in 31 languages, making it easier for clients who do not understand English to communicate with the company. Here are some of the most often used languages that are supported: German, French, Chinese, Malay, Polish, Russian, Dutch, Italian, and Arabic are some of the languages spoken.
We can conclude from our Plus500 review that the broker provides a diverse range of trading products that are well worth investigating further. Aspects of the web-based trading platform that we found most appealing were its functionality and simplicity. Aside from that, Plus500 is a dependable and trustworthy option for traders due to the fact that the business is traded on the main market of the London Stock Exchange. Regarding the quality of Plus500's services, the broker has been able to show that it is capable of meeting the needs of virtually every kind of trader now operating in the financial markets. Therefore, it comes as no surprise that Plus500 is one of the most well-known online trading platforms.
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Conclusion

We can conclude from our Plus500 review that the broker provides a diverse range of trading products that are well worth investigating further. Aspects of the web-based trading platform that we found most appealing were its functionality and simplicity. Aside from that, Plus500 is a dependable and trustworthy option for traders due to the fact that the business is traded on the main market of the London Stock Exchange. Regarding the quality of Plus500's services, the broker has been able to show that it is capable of meeting the needs of virtually every kind of trader now operating in the financial markets. Therefore, it comes as no surprise that Plus500 is one of the most well-known online trading platforms.
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