Welcome to Our Best Forex Broker Review. Our Plus500 Review covers everything from the WebTrader online trading site to the mobile app, and fees. If you’re trying to log in and sell Cryptocurrency, ripple, or Gasoline, or just need info on the trial account and minimum deposit, we’ve covered everything in this complete review.
What is Plus500?
Plus500 was founded in 2008 and is the principal sponsor of the Atletico Madrid football team. The Plus500 trading platform is offered by Plus500 UK Ltd. Plus500 UK Ltd is approved and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd.
The Forex broker trading platform is available to customers in more than 50 countries. It Is authorized and overseen internationally by, the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Singapore Monetary Authority (MAS), and the Israel Securities Authority (ISA).
Let’s move into details of Plus500 Review!
Plus500: Trading Platforms
This section of Plus500 Review will introduce the trading platforms on which traders can trade. The Plus500 trading platform features a simple and elegant user interface that provides personalized and easy-to-use charts for technical analysis. The platform also provides several other features, including:
- Access to 2,500+ resources
- Free quotes in real-time
- Free email and push updates of business events
- Warnings on market movements
- Technological research metrics and methods for drawing up
- Enhanced order functionality
Mobile Trading Platforms
Plus500 allows customers to exchange their own proprietary, feature-rich smartphone trading applications for Android and iOS.
The Plus500 smartphone trading software has the opportunity to:
- Trade-in more than 2,500+ instruments
- View price quotes in real-time
- Exchange and track your account wherever you go
- Access to an economic calendar for business activities
- Display various types of graphs and timeframes.
- A variety of technical trading metrics
Plus500: Trading Accounts
This portion of Plus500 Review will reveal the trading accounts offered by this broker. Plus500 has provided only one type of trading account, the standard trading account. During the recent system upgrade, the broker upgraded all of their clients’ trading accounts to Gold account status.
With this recent improvement, existing account holders see several benefits. They will, however, be subject to a higher minimum volume of trade.
In addition to the regular trading plan, Plus500 has now offered a free unrestricted trial account that prospective investors can use to assess the efficiency of the trading platform and build a trading strategy.
Since there is only one trading account, there is an allowance for traders to be listed as “professional” rather than “retail” customers.
The downside, though, is that the statutory support for ‘Pro’ accounts is diminished (negative balance protection for example). Visit the website to register, to see if you are qualifying for a professional account.
Plus500: Assets Available
This part of Plus500 Review will highlight the assets or markets offered by this broker to its users. Traders would be happy to hear that there are more than 2000 instruments available to pick from using CFDs. These underlying assets include big groups such as currency pairs, cryptocurrencies (subject to regulations), commodities, ETFs, options, and inventories.
The usable leverage ratio is as high as 1:300.
Stocks and equities can be exchanged while the applicable stock exchange is available, e.g. New York, London, Hong Kong, and so forth.
Plus500: Deposits/Withdrawal Methods
For this section of Plus500 Review, we have researched all the deposits and withdrawal methods available to traders. Payment and withdrawal choices available at Plus500 include Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), or Bank Transfer.
There are no redemption costs or commissions for Plus500.
Plus500: Accepted Countries
This part of Plus500 Review will highlight all the countries which are supported by this broker. Plus500 is acknowledged traders from Australia, United Kingdom, South Africa, Singapore, Hong Kong, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, , Luxembourg, Qatar.
Traders cannot use Plus500 from Belgium, Iran, United States, Canada, Zimbabwe, Nigeria, Cameroon, Thailand, India, Indonesia, Brazil, Egypt, Pakistan, France, Cayman Islands, Philippines.
This portion of Plus500 Review will reveal all the educational resources available to traders. Plus500 does not provide any educational tools for traders other than the Plus500 Trader’s Guide, which is a series of 5 videos.
Plus500: Customer Service
In this section of the Pluss500 Review, we will discuss the customer services provided by this broker. Plus500 provides dedicated, multilingual assistance in 16 different languages 24 hours a day, 7 days a week, via Live Chat, WhatsApp, and Email. Users can find links to them on the broker’s website. The FAQ segment also includes commonly asked questions about deposits, opening an account, registration, withdrawals, and more.
Pros and Cons
- Various regulations from all around the world – FCA, CySEC, ASIC, MAS, ISA.
- More than 2,500+ CFDs to exchange, representing various asset groups.
- Free trade of Commission.
- Easy to use proprietary trading sites.
- Multilingual 24/7 customer service
- No phone service is provided.
- Lack of market news and education for traders.
Conclusion Plus500 Review
We finally reach the end of this Plus500 Review. With a utilitarian design that masks deep capacities, Plus500 manages to have a visually enticing trading environment balanced by a zero-commission model.
Network clients will enjoy access to foreign exchange markets along with CFDs for instruments such as cryptocurrencies, commodities, shares, and indices.
Although Plus500 opposes the multi-account paradigm in favor of individual accounts and has space for progress in terms of access to educational tools and fundamental research, it deserves its credibility as a strong and open forum.