Plus500

Plus 500 is one of the most innovative platforms that introduced Bitcoin trading in 2015 and currently provides the whole range of convenient instruments in one place.

Convenience of use

Plus 500 broker was established in 2009, and has offices in the UK, Cyprus, and South Africa. By 2014, it reached $1 bln market cap, and still stays among market leaders. Plus 500 reviews about Plus 500 broker praise it for numerous payment methods:

  • Skrill;
  • PayPal;
  • Credit/debit cards;
  • Wire transfer.

It works without mediators and was enlisted in Alternative Investment Market and LSE. Plus 500 would rather be suitable for experienced traders: it provides over 2,000 options of transactions, including precious metals, oil, virtual and fiat currencies.

Plus 500 broker

 

There are both official website and mobile application available. The app is compatible with all smartphones (iOS and Android), but it can be found in Plus 500 store only. Users can create Standard or Gold personal account: they differ by the turnover volume. Account status can be changed within 5 minutes – the customer support should be contacted to do it.

Unlike scam websites, it has a lot of security guarantees:

  1. Plus 500 uses only its own funds to perform risk hedging – clients’ money isn’t involved.
  2. Plus 500 doesn’t have any corporate or national debts.
  3. It doesn’t invest the funds of private clients.
  4. Customers’ funds aren’t handled by hedging operations agents.
  5. Clients’ money is stored on the generated bank account according to requirements and regulations of Financial Services Authority.

Plus 500 is a good solution for those who need a customizable Forex platform: aside from a myriad of options, it boasts the system of notifications about prices via SMS or email, and provides a lot of infographics (the user is free to choose a suitable form of data displaying). There are a handful of risk management tools, too: Close at Profit, Close at Loss, Guaranteed Stop, and Price Alerts. Therefore, a trader can keep tabs on the ever-changing market without any efforts.

 

Is it profitable for a trader?

As for withdrawal commissions and spreads, Plus 500 has quite agreeable rates:

Gold (XAU) 0,03%
EUR/GBP 0,03%
EUR/USD 0,01%
FDAX 0,01%
GBP/USD 0,01%
ASX 200 0,01%
USO Oil Fund (ETF) 0,29%
UK 100 0,01%
Brent Oil 0,04%

Despite its technical superiority, Plus500 isn’t devoid of disadvantages. First, numerous customer reviews prove that FAQ section lacks some essential information and is hard to find. Plus 500 does not teach trading, so it’s not an option for starters (however, there’s a demo-account available). MetaTrader platform isn’t supported – that’s typical for a bucket shop.

Is Plus 500 a fraud? The website complies with international and local regulations. However, there are still a few negative reviews about Plus 500: people claim that the procedure of withdrawal is too complicated, and as soon as they manage to make some profit, the website freezes their funds without reason. Only real user reviews about Plus 500 broker will help to make the right decision.

7 Comments

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Oisin

04/03/2019 Reply

What I personally appreciate in broker firms is highly-qualified customer support speaking several languages. From such a perspective, this broker is hard to beat. Clients can receive assistance thru a host of channels including email, call back, online chat, Skype, and most social networks 24/6.

Shalvot8000

12/01/2019 Reply

I managed to make about $50 in the first hour of trading here thanks to low spreads and attractive rates. If you are an old hand at trading, you have all chances to get into big money here. Beginners will like it too, as the interface is quite simple and easy to use. Recommended for all traders with experience or without it.

Evan

07/01/2019 Reply

The broker with quick execution and budget-friendly spreads with unparalleled depth of the Forex market! I also love that this broker offers access to social and auto-trading systems allowing FX beginners to copy deals of more successful traders, thus, minimizing risks of financial loses!

Adam

27/12/2018 Reply

Instant withdrawals and deposits via debit and credit plastics. I also cannot mark the fact that this broker never stops expanding their array of services and is focused on staying up-to-date with ever-evolving trading technologies. They implement the latest trading terminal and have both fixed and variable spreads so that clients pick up one which fully suits their trading strategy.

Cormac

24/12/2018 Reply

Cannot say anything bad about this broker. I’ve been working with them for about two years already. Surely, there were some issues at the beginning – they canceled my very first withdrawal and asked to provide my selfie with an ID document. To tell the truth I feared that I fell across scammers but I attached selfie with my driving license, the withdrawal was processed soon, and everything was OK from then on.

Zeeshan2000

20/12/2018 Reply

I was looking for a normal broker for a stable exchange. I don’t trade very much, so I can’t say anything in this regard. But for the conclusion, everything is operative and reliable. I plan to trade more often, then I will appreciate this functionality!

HutchGreen

17/11/2018 Reply

What every trader needs? Fast execution, definitely. I’m completely sold with the possibility to close and open orders in a single little click! No hesitation and waiting. Like it a lot. The second, the prices for the most pairs are pretty attractive. To crown it all, I can trade all from a single account – no need to make new ones and waste precious time. The platform is fast and friendly for users.

Regulators

ASIC CySEC FCA

Platforms

Plus500