Founded in 2008, Plus500 is a leading CFD broker offering over 2,200 different global assets for retail traders to trade from. The Plus500 asset list comprises equities, indices, commodities, options, ETFs, cryptocurrencies and foreign exchange. Catering to multiple languages from around the world, Plus500 enables retail customers to trade CFDs in more than 50 countries. There is a strong degree of focus on the customer experience at Plus500 and this is demonstrated through the super fast sign up process and easy to use trading environment.
Plus500’s Head Office is located in Israel. The company also has subsidiaries in the United Kingdom, Cyprus and Australia. As one would expect from premium brokers, Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY Ltd is authorised and regulated 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 authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.
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The cryptocurrency offering at Plus500 is particularly impressive. Traders have access to a range of cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litcoin, Ripple and IOTA. What makes the Plus500 crypto offering different is the ease of accessing the crypto assets as well as minimum trade volume and high leverage on offer.
Leverage and trade volume does vary from one cryptocurrency to the other, however, this is done very sensibly at Plus500 – so even traders with a small account balance will still be able to get into the market and speculate in a low-cost trading environment.
Details on the Plus500 cryptocurrency environment are provided below:
|Bitcoin, Ethereum, Bitcoin Cash, Litcoin, Ripple and IOTA||Specifications|
|Stop Level||0 (No minimum Order Distance)|
|Minimum Lot Size||0.01 lot|
|Maximum Lot Size||Varies|
|Minimum Step||0.01 lot|
Ideally, a good CFD broker will hold multiple financial licences. The reason why this is important is because it allows the broker to operate in different countries and it also increases the compliance standards of the broker. This in return creates a secure environment for investors to trade.
Plus500UK Ltd is authorised by the Financial Conduct Authority (FRN 509909). Plus500CY Ltd is 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 authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.
Plus500 User Friendliness
The reliability of a CFD broker is an important consideration when deciding where to invest trading capital. Although the CFD brokerage industry has undergone significant regulatory updates in recent years that are designed to protect consumers, there are still some less desirable brokers operating such as those with poor reputations and poor capital backing.
With Plus500, traders can be assured that they are trading with a premium, highly reputable broker. Both the ASIC and FCA licencing held by Plus500 subsidiaries are considered top tier licencing environments. These entail a high compliance standard and safer trading environment for clients.
Plus500 is also listed on the AIM section of the London Stock Exchange. This adds an extra level of security, as being a public listed company it means the business details of Plus500 are readily available to traders and investors.
Plus500 Trading Platforms
Trading at Plus500 is made easy through their proprietary trading platform. While other brokers will obtain licensed versions of the MetaTrader environment, the key point of difference with Plus500 is that they have designed an intuitive, easy-to-use platform that has all the features needed for trading.
The key features of the Plus500 trading platform are:
- PC, Mac, Android and iOS versions available
- An all-in-one interface for trading, depositing and withdrawals
- Easy to navigate asset list
- Advanced trading features including indicators and chart analysis tools
- Quick Buy / Sell functionality
- Full screen chart mode
Plus500 Account Types
One of the key points of difference with Plus500 is the simplicity across all areas of trading. This is true of the trading accounts also. While some brokers will offer multiple accounts with small differences that are ultimately confusing and of little importance to traders, Plus500 keeps things simple by offering the one account type – the Standard Account.
The Plus500 Standard Account is a spreads based account with leverage up to 300:1. Traders will have access to equities, indices, commodities, options, ETFs, cryptocurrencies and foreign exchange.
The main advantage of trading with a spread only account is that traders do not need to factor in commission charges, which are often not particularly transparent. Spread only accounts are also ideal for traders as it is very easy to see when a trade is in profit and when it isn’t.
Plus500 Commissions And Spreads
Plus500 simplify the trading experience by offering a spread only account. This means that traders do not have to factor in the commission charge when trading. Spread only trading conditions are also ideal for traders.
While spreads will vary (fixed spreads are not offered at Plus500), the average spreads across major currency pairs offered at Plus500 are competitive against other premium brokers.
Plus500 Deposits and Withdrawals
As with most things at Plus500, depositing and withdrawals are made easy. Clients can access the deposit and withdrawal system from the proprietary Plus500 trading platform. One of the great features of depositing with Plus500 is that there are no fees charged by either Plus500 and they do not apply the carryover merchant fees they are charged from payment providers.
Deposits can be made by logging onto the Plus500 platform and clicking “Menu”, then “Deposit”. Here traders can choose between four primary funding methods:
- Credit / Debit Card
- Bank Transfer
For withdrawals, the process is also very simple. Traders can log onto the Plus500 platform, click on “Menu”, then click “Withdraw”.
There is a minimum withdrawal amount of $50 for Paypal and $100 for bank transfer and credit card. If a client wants to withdraw a lower amount, $10 charge will be applied.
Is Plus500 regulated?
No, Plus500 is not regulated but their subsidiaries are regulated by the Financial Conduct Authority, the Australian Securities and Investments Commission, and through the Cyprus Securities and Exchange Commission.
How safe is Plus500?
Plus500 is particularly reliable. They are a London listed company with a high degree of regulation and capital backing. It is easy to recommend Plus500 as a secure broker.
Where is Plus500 based?
Plus500’s Head Office is in Israel. The company has subsidiaries in the United Kingdom, Australia and Cyprus.
How does Plus500 make money?
Plus 500 makes money from the spread charged on trades.
How to deposit in Plus500 account?
Deposits can be made by logging onto the Plus500 platform and clicking “Menu”, then “Deposit”.
How to withdraw money from Plus500?
For Withdrawals, traders can log onto the Plus500 platform, click on “Menu”, then click “Withdraw”.
How to open an account with Plus500?
Clients can open an account through the home page of Plus500 or by clicking on the link here.
Is Plus500 reliable?
Yes, through our review of Plus500 in terms of the regulation, compliance and online community feedback, we found that Plus500 was one of the most reliable brokers to trade with.
Does Plus500 use MetaTrader?
Plus500 offers a proprietary trading platform. It does not use the MetaTrader environment.
What is Plus500’s leverage?
Leverage is available up to 300:1 across FX and other assets. For cryptocurrencies, leverage varies depending on the product but is between 2:1 up to 20:1.
Try Plus500 Today
Or find out more before you get started.
Your capital is at risk