Review of the company
Plus500 was founded in 2008 and is a global high-tech CFD and Forex trading platform. The company is a leading platform in the field of CFD transactions – contracts for price differences. The trademark is owned by Plus500 Corporation, a company listed on the London Stock Exchange. In 2014, the company’s market capitalization reached $1 billion. Currently, the brand represents several subsidiaries. Plus500 is considered safe, as it is regulated by top-tier financial regulators and fully discloses its financials.
Plus500 is regulated by the Financial Conduct Authority (FRN No. 509909), the Cyprus Securities and Exchange Commission (CySEC, persons No. 250/14), has a license for telecommunication and basic services for direct sales (ACN No. 153301681), as well as ASIC license in Australia (AFSL No. 417727), FMA in New Zealand (FSP No. 486026) and authorized delivery of financial services in South Africa (FSP No. 47546). Scans of documents on Plus500 broker’s website indicate that it is listed on the main market of the London Stock Exchange. The fact that Plus500 has so many regulations indicates that the funds of traders are fully protected when depositing, withdrawing and trading with the broker, so there is no need to worry about stealing your funds.
Platform and trading opportunities
Plus500 is one of the leading online professional brokers, listed on the London Stock Exchange. Plus500 offers a powerful trading platform for CFD trading that meets high standards. The conditions for trade include the following advantages:
- Plus500 platform is available for computers and mobile devices based on Android and iOS;
- A simple form of WebTrader web interface;
- Availability of a standard and demo account;
- Floating spreads from 0.6 pip;
- More instruments than 2000, including Forex and ETFs, stocks and indices in more than 20 markets around the world.
All options for trading have an advantage: indicators that the trader adds to the chart are automatically saved, which allows you to analyze several tools for trading at once. By using orders you can largely automate your trading activities.
In accordance with ESMA rules, Plus500 offers all citizens leverage up to 1:300 on all major currency pairs. Leverage may vary depending on the selected financial instruments. The market spread is always clearly indicated and ranges from 0.6 to 2 pips.
Additional Plus500 offers can be viewed in 32 different languages, and visitors can be automatically redirected to the site in the language from which they came, even if they had previously viewed web pages in another language, and then, if desired, return to another language. This language switch is designed to make traders feel comfortable wherever they are.
Opening an account requires a minimum deposit of $100 (or 100 euros / 100 pounds). One of our positive aspects of Plus500 is that, unlike many other companies that transmit information about a trader to an aggressive sales team, Plus500 does not have a sales department at all. Interested traders only need to complete the application process and deposit their funds. This makes Plus500 a great option for motivated traders who do not want to be followed, but who want to explore the world of financial trading on their own. Plus500 is, an excellent online broker for advanced traders who are seeking to trade CFDs seamlessly.
Deposit and withdraw funds
Plus500 accepts the following types of payments: bank transfer, bank cards (MasterCard, Visa and AmEx), as well as E-Wallets. The minimum deposit amount is only $100. The minimum amount of funds withdrawn from Plus500 accounts depends on the selected transfer method. Withdrawals take place – up to 5 business days. Commissions are not charged for payments.