The first step to successful trading on the exchange is to choose the right broker. Nowadays many companies offer their services on the market, but not all of them are trustworthy. Let us not forget about preferences of every individual trader: for some people low spreads are more important, while others would prefer more reliable company with average tariffs. In this article, we present the Plus500 broker review – the broker that has established itself as one of the most reliable.
What is Plus500 broker?
Plus500 is an Australian brokerage company headquartered in Sydney. Plus500 prides itself on being one of the most highly rated CFD providers in various markets. A profitable foundation puts Plus500 in a strong position to secure future growth. Plus500 is committed to providing a cumulative offering to traders with different needs and trading preferences, while maintaining pricing transparency and a focus on innovation in relation to marketing initiatives to expand its reach in the global trading community.
|Payment and deposit methods||Visa and Mastercard, e-wallet Skrill, Wire Transfer|
|Asset types||CFDs on Forex, cryptocurrencies, options, commodities, shares, indices, ETFs|
|Education for traders||No|
Regulation and licenses of Plus500 broker
Plus500 broker is licensed not only by CySEC – but also by the FCA, MAS and ASIC. You will find its holding company on the LSE. You can count on thousands of financial assets from Plus500 broker. You can trade anything from commodities and indices to stocks and cryptocurrencies. Plus500 operates under the extremely strict guidelines and principles inflicted by its regulatory organizations, as the broker is authorized and regulated by several of these organizations in the respective countries in which it offers CFDs and various other underlying securities:
|Plus500UK Ltd||Financial Supervision Authority, license #509909|
|Plus500CY Ltd||Cyprus Securities and Exchange Commission, License #250/14|
|Plus500SG Pte Ltd||Monetary Authority of Singapore, License No. CMS1006481-1|
|International Entrepreneurship of Singapore, License #PLUS/CBL/2018|
|Plus500AU Pty Ltd (ACN 153301681)||In Australia – the Australian Securities and Investments Commission and the Australian Financial Conduct Authority, License #417727|
|In New Zealand – Financial Market Authority, License #FSP486026|
|In South Africa – AFSP, Financial Information Service, License #47546|
Regulated brokers, which Plus500 is committed to be, are required to keep client funds in separate accounts as part of strict compliance requirements. Moreover, Plus500 broker, as a regulated broker, must be a member of a recognized compensation scheme that ensures eligible customers are paid a certain amount as compensation in the event the broker is declared bankrupt or happens to be insolvent. Regulated brokers ought to also ensure that their clients are offered protection against negative balance to ensure that any losses occurred do not outweigh the trader’s initial deposit.
Is Plus500 broker reliable?
Plus500 has been on the market for more than twelve years. The company has built a reputation as a solid broker who is worthy of the trust of its clients. Actually, Plus500 has always positioned itself as an industry leader in innovation, constantly introducing new products and services and trying to satisfy all the needs of its clients. However, the reliability of Plus500 broker is not only based on the quality of the services it provides to its traders. The broker is listed and boasts an enviable capitalization on the London Stock Exchange. After all, the activities of Plus500 broker are fenced in and fully comply with international legal norms. It should not be forgotten that the company is located in the jurisdiction of three countries at once: the UK, Cyprus and Australia. Plus500 provides complementary security guarantees for its clients:
- All Plus500 broker’s client funds are held in a separated bank account, in full compliance with FSA regulations
- Plus500 only uses its own funds for risk hedging and does not involve client funds in such transactions
- The Company does not pass on client funds to counterparties for hedging transactions
- The broker does not enter into any speculative transactions on its own initiative
- Broker Plus500 is not related to corporate or national debts.
- The company does not invest funds of private clients
Plus500 trading accounts
As for simplicity, Plus500 offers a single standard trading account for all clients. Later, traders can get a few additional benefits and discounts when their trading volume increases. Plus500 broker has also taken care of traders who trade according to Shariah principles and offers them Islamic accounts.
Plus500 broker trading conditions review
With Plus500 broker you can trade CFDs on over 2,000 different markets. These include Forex, stocks, stock indices, ETFs, commodities, cryptocurrencies and options on various assets. The CFD broker offers a very broad range of differentiated markets and is constantly trying to expand its portfolio. Stocks traded from more than 23 different countries and the latest cannabis stocks are also available. European leverage is a maximum of 1:30. Traders who need higher leverage can trade under another regulation (e.g. Australia) or register as a professional trader to use leverage up to 1:300. Thus, the ESMA restriction can be circumvented. CFDs are offered at variable spreads and depend on the trading instrument. They are constantly adjusted depending on the market spread. This is quite low and clearly better than the competition. In addition, there are no commissions, which is another advantage to trading CFDs. The platform is open 24/7 and some markets can also be traded on weekends. In addition, we notice that Plus500 broker offers a guaranteed stop loss. This is very rare with other providers. Thus, a better risk management is possible because positions are executed up to 100 at the desired price. The CFD Broker makes a very good impression on me with its trading conditions. The selection of markets is very high and the trading fees are very low. This is where the Plus500 broker can gain more pluses. When registering a real account with Plus500 broker, traders do not receive a welcome bonus, however, when making a first deposit into a trading account, they may qualify for a deposit bonus. The deposit bonus offered by Plus500 broker allows traders to earn credit and requires a minimum deposit and points accumulated by the trader. This bonus cannot be withdrawn, although profits can be withdrawn and demo account holders will not be considered eligible until they register a real account. A welcome bonus, no deposit bonus or deposit bonus is one of the best ways for brokers to invite new clients or stimulate demo account holders to register a live account. Peculiarities of trading conditions with Plus500 broker:
- Tight spreads
- No fees for CFDs
- Maximum leverage 1:30 for European traders
- Maximum leverage 1:300 for international and advanced traders
- Over 2000 markets
- Minimum deposit of 100$
- Free Demo Account
- CFD trading on Stocks, Crypto-currencies, ETFs, Commodities, Options
- Guaranteed Stop Loss
General pro’s and con’s of trading with Plus500 broker
|User-friendly and very simple platform||Lack of depth in research tools|
|Listed on the London Stock Exchange||Only a medium educational section|
|Low trading fees||Limited range of products|
One of the conditions when you choose a broker is the size of the commission. Plus500 has a transparent fee structure. The first thing to look out for is a small spread of 0.6 pips for EUR / USD, in addition with a wide variety of trading instruments. Plus500’s fees are based exclusively on fee-free spreads as this type of fee provides ease of calculation and is the best variant for lots of traders, not depending on a strategy. More to say there is no withdrawal commission and the minimum withdrawal amount is 100$. Nevertheless, Plus500 will charge a fee for account inactivity. This means that if the account remains inactive and contains no transactions for three months, a fee of up to 10$ will be charged.
Plus 500 broker review for beginners
Plus500 for beginners is considered to be the best for traders starting their trading way. A demo account can serve as a starting point, which will allow a beginner to practice and improve their skills in trading various financial instruments and applying technical analysis. Why should beginners choose Plus500 broker? First of all, when reviewing this broker, we found out, that the broker offers wide range of CFDs and trailing stop losses. Plus 500 has a large selection of forex and non forex trading pairs with no commissions. It doesn’t support automated trading platforms or social trading, but manual traders will get a simple interface, guaranteed stop-loss orders for a fee, price movement alerts and a trader sentiment indicator. The broker is FTSE 250 registered and maintains a secure trading environment, offering a rich selection of stock CFDs and options contracts. As a result, more sophisticated trading strategies can be applied. Plus500 broker also offers 14 cryptocurrency pairs. Unique features:
- Regulation: CySEC, FCA, ASIC, FMA, FSB, MAS
- Minimum deposit: $100
- Type of platforms: own platform, web interface
Traders on smartphones and tablets will feel themselves at home at Plus500. Mobile accounts account for over 40% of trades here. The broker does not conduct its own research or take third-party research, the educational content is below average. There is a news and market analysis section with commentary several times a week, but not always every day. Despite such shortcomings, it is one of the leading providers of CFD in Google Play and App Store, which will please the millennial traders in the first place. Important benefits for Plus500 beginners:
- Global regulation
- Rich asset selection among stocks and options
- Guaranteed stop loss