Our Plus500 review comprises everything – from the Webtrader platform, to the mobile application and fees. Whether you’re wanting to login and exchange Bitcoin, ripple or Petroleum, or you simply need details about the triakaccount and minimal deposit – we cover it all in this thorough review.
Plus500 is a top internet Contract for Difference (CFDs) trading platform that’s owned by a holding company named Plus500 Ltd. It’s listed on London Stock Market’s Main Market and it is running via 3 distinct subsidiaries:
- Plus500UK Ltd,
- Plus500CY Ltd
- Plus500AU Pty Ltd.
The brand is synonymous with reliability and security.
This is largely because of the fact that Plus500 (or subsidiaries) is controlled in various distinct jurisdictions globally. Plus500 is also an active sponsor of pro Soccer and Rugby teams. The company is the official sponsor of Club Atletico de Madrid since 2016.
Traders can make an initial deposit bonus on their first deposit up to a max of $10,000. Added leverage of around 1:300 is also offered.
Reputation & Regulation
Since its beginning in 2008, Plus500 has made a reputation among traders in the internet community as being dependable and reliable. Plus500 Ltd is listed on the Main Market of the London Stock Exchange, which also can help to reinforce the broker’s reputation as being financially secure. Concerning regulatory supervision, Plus500 subsidiaries are governed by several regulatory agencies:
- Plus500UK Ltd is regulated and authorised by the Financial Conduct Authority (FRN 509909).
- Plus500CY Ltd is regulated and authorised by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
- Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorised to issue the goods to taxpayers in Australia.
- Derivatives issuer permit in New Zealand, FSP #. 486026 authorises them to issue the goods to residents of New Zealand.
- Plus500AU Pty Ltd, can also be a licensed Financial Services Provider in South Africa, FSP 47546.
With subsidiaries as controlled entities under the UK’s FCA, ASIC in. Australia and CySEC, Plus500 can work with traders from Australia, Europe and the United Kingdom. Clients can therefore benefit from the advantages of being protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation Scheme. For complete details of this security these schemes provide, take a look at their site.
Though Plus500 utilizes a proprietary trading platform, the trading platform (Webtrader) can cater to the various needs of the broker’s global clientele base, because it’s accessible across many distinct versions.
A desktop version can be downloaded. Professional and retail accounts operate on the same platform. This generates pros and cons. However, with innovative research tools beside the capability to execute trades in a user-friendly manner, the platform performs nicely.
For people who want to exchange straight online, there’s a online variant of the trading platform that may be accessed with any web browser. There’s not any integration with MT4 currently.
The vital distinction between the Webtrader trading system and the platforms supplied by other brokers in the business is that Plus500 trading platforms operate seamlessly with one another.
A mobile version of the trading platform is available to traders who would like to trade the markets using only their smartphones or cellular devices. Provided at no charge, the cellphone trading program can be downloaded straight from Google Playstore or Apple App Store.
The smartphone application is fully-working, and provides all of the trading choices the internet-based version will. It’s a single click download, and trading through the program is fast and simple. Looks and the feel of the cellular- and internet-based platforms are the same, which makes transition between both quite simple.
Both the Android and iOS versions maintain the exact same low-trading charges, rates and spreads, and any other trading portfolio is kept over all platforms.
Plus500 has provided one kind of a trading account – a standard one. Throughout the current system update, the broker has updated all their customers’ trading account into a Gold account.
With this recent improvement, present accounts holders will pay reduced premium fees. However they’ll be exposed to a greater minimal transaction quantity.
Aside from the conventional trading accounts, Plus500 has also supplied a free unlimited demo account that prospective customers can use to try the functioning of the trading platform and create a trading plan.
Even though there’s but one trading account, there’s provision for dealers to be classified as “professional”, as opposed to”retail” customers.
The drawback however, is that regulatory defense is decreased for ‘Pro’ accounts (for instance, negative balance protection). See on the website if you’re qualified for a pro account.
Bonus Promos & Offers
There are several bonus offers in the ASIC-regulated region. The size of the deposit bonus fluctuates dependent on the magnitude of the initial deposit – but may reach up to $10,000 AUD. Take a look at the bonus webpage on Plus500 to find the bonus codes you want to enter when creating your deposit.
The conditions and terms of those bonuses include a necessity to collect “TPoints”. All these are earned as you exchange and after a certain amount is accumulated, the given bonus could be withdrawn as cash. Assets and investments change with respect to the number of TPoints they accrue, complete T&Cs are about the appropriate bonus page to your area.
Instruments & Assets
Dealers will be very happy to know there are 2000+ tools to pick from using CFDs. These include classes uch as ETFs, options, stocks, commodities, cryptocurrencies and currency pairs. Accessible leverage is as large as 1:300.
Cryptocurrency leverage is capped at 1:2 from the regulator, but resources such as Bitcoin, Ripple and Litecoin are available to exchange with tight spreads.
While the service in Plus500 is available 24/7, it’s only accessible through email or chat. So although their site is offered in 32 unique languages, there’s not any telephone support.
Deposit And Withdrawal
Available withdrawal and payment methods in Plus500 are Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), or Bank Transfer.
The minimum deposit is $100.
The same methods may be used for making withdrawals and deposits. It must be mentioned that all withdrawal approaches possess a minimal amount threshold and also you may just withdraw throughout the process that you used originally for placing your deposit.
There are no withdrawal charges, even though there are inactivity fees and a few positions may be subject to overnight fees.
Is Plus500 Suited For reviewbrokers.online?
Undeniably, Plus500 works with a high standard of efficiency and dependability. Their electronic Webtrader trading platform, is proprietary and equipped to execute the task of executing trades fast. Additionally, there’s an extensive assortment of resources for you to pick from to trade with.
As a day trader, it’s crucial you can implement as many transactions as required in a brief time period. Together with the massive asset index, you’ll have the ability to do that, without problems. Additionally, the very fact that you may start and close a CFD position anytime during trading hours, means you can examine and finalize your rankings and investing portfolio the way you want to.
Plus500 are listed on the London Stock Exchange (LON:PLUS).
Plus500 accepts traders from Australia, United Kingdom, South Africa, Singapore, Hong Kong, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can’t use Plus500 out of Belgium, Iran, United States, Canada, Zimbabwe, Nigeria, Cote D’Ivoire, Cameroon, Thailand, India, Indonesia, Brazil, Egypt, Pakistan, France, Cayman Islands, Philippines.