Plus500 Review

What makes Plus500 different from other brokers is that they have managed to develop a very stable platform that most traders are looking for. With almost 10 years of experience, it's no surprise that Plus500 has become one of the best services on the market.

Plus500 Croatia

Plus500 is the leading global CFDs A broker founded in 2008 that offers trading in various financial markets, including commodities, cryptocurrencies, currencies, stocks, ETFs and market indices. The market capitalization value of Plus500 doo reached more than one billion dollars by 2014. Today, Plus500 doo operates through several branded subsidiaries around the world. With their professional approach and ease of use, over the years they have earned a reputation as one of the best brokers in the industry. With over an impressive 2000 trading products and a platform in 31 languages, Plus500 has definitely provided its clients with accessibility that is rarely seen. New traders can take advantage of unlimited time to use a demo account, while experienced traders can take advantage of very small price differences. They also continuously introduce new products and services to meet the needs of their client merchants.

Platforms

Plus500 has one of the leading platforms available in as many as 31 languages and is widely known for its own innovative trading platform where traders can choose from a wide range of financial instruments. The user interface of the trading platform is simple and easy to understand. It's impressive that they were able to develop the platform on their own without having to rely on a third party. Merchants have the option to use downloadable versions, web-based version and mobile applications. There is no significant difference between the versions, and it's easy to get used to the look because they look the same on the web, on a PC, and on a mobile phone.

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Types of Accounts

To keep things simple, Plus500 offers two types of accounts for its customers. Real trading account and demo account that has no time limit and can be opened for free. A real account requires a minimum deposit of €100, which is significantly lower than what other brokers ask to create an account. This is ideal for traders who do not want to risk a lot of money

Products

It is always ideal for your broker to offer a wide variety of trading instruments as this enhances your trading experience. Plus500 offers over 2,000 CFD pairs across 7 different categories that include currencies, commodities, stocks, indices, options, cryptocurrencies and ETFs ensuring that everyone can find something to trade to suit their taste.

Deposits and Withdrawals

You can finance your Plus500 account through the most commonly used banking methods - Visa/Mastercard, Skrill, Wire Transfer and PayPal. They all require uncomplicated processes in the transfer of funds and follow standard procedures. The frustration of most traders today is the fact that their brokers tend to delay the processing time of withdrawals and in some cases do not process them at all. There are no such problems with Plus500. The timeframe for processing withdrawal requests is usually within one business day in order to perform various security checks before initiating payment. The time of payment receipt depends on the payment method and the processing time of the third party issuer. This proves that this broker has a credible platform as they fulfill their promises of paying out money to their clients.

User support

Plus500 can be contacted via email and live chat. All e-mails that arrive at the support e-mail are processed immediately and the user receives the requested answer within 10 minutes. The staff is very precise and professional and will certainly help you in the best possible way. Answers quickly and without using any marketing tactics during the entire conversation, which is commendable.

plus500 security

Security and Reputation

It is very important to have a broker who is accurate and can be trusted. Being on the scene for almost a decade, Plus500 has managed to gain a reputation as a responsible and reliable broker. In addition, Plus500 is authorized and approved by Plus500UK Ltd FCA (# 509909) which is great for traders as it guarantees them trading with a broker who has passed the strict guidelines of the financial authorities. Also,

Plus500UK Ltd is authorized and regulated by the FCA (# 509909).
Plus500CY Ltd authorized and regulated by CySEC (# 250/14).
Plus500SG Pte Ltd Licensed by MAS (# CMS100648-1).
Plus500AU Pty Ltd (ACN 153301681), licensed by:

ASIC in Australia, AFSL # 417727. FMA in New Zealand, FSP # 486026; Authorized Financial Services Provider in South Africa, FSP # 47546.

Aside from this, they are also praised by many traders because they have low spreads and no commissions on any transaction. Some of their biggest competitors charge different commissions for trading in different categories depending on the country or market, but with Plus500 clients trade at 0% commissions. This can easily be proven by the large number of positive comments that you can find on forex trading sites, forums and reviews.

Conclusion

What distinguishes Plus 500 from other brokers is the fact that they have managed to develop a very stable platform that many traders are looking for. It is easy to use and simplifies the entire process of online currency trading, competitive expansion and a large range of market instruments makes it ideal for advanced traders. Their email support is easy to use and easily handles all user requests and queries. It is not surprising that other brokers are trying to follow their business model because it has made them very popular and trusted in this business. All in all, Plus500 has achieved a high position and is definitely our recommendation!

plus500 security

Positive

A very stable platform supports 31 languages
Attractive prices
No commission
Fully regulated by the FCA, CySEC and ASIC
Excellent support in as many as 16 languages
Top tools for risk management

Negative

There is no telephone customer support
There is none MT4 platforms

plus500 reviews

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