Plus500 Experience
Authored by: J. Froentjes
Last updated: 12 August 2022
Plus500 Experience
Online trading platforms are a great way to earn extra cash. You can easily use these platforms to trade stocks, commodities, bonds, currencies, and a variety of other financial instruments. However, among the different online trading platforms out there, only a few are worth taking seriously. One of those is Plus500.
With low fees, free tools, a wide range of languages and countries, plus a smooth and pleasant user experience, Plus500 offers an excellent trading platform. Read the discussion below for more details.
Table of Content
What Is Plus500? – Introducing the Company
Plus500 is an online trading platform. It primarily offers trades in CFDs (contracts for difference). It operates via a web-based user interface, but also provides mobile and desktop applications. Plus500 is part of the parent company, Plus 500 Limited.
For the users, Plus500 experience offers access to various assets and operates on a no-commission basis.
Operating Across 50 Countries
Plus500 Ltd (LON:PLUS) is an online broker based in Israel, which offers services worldwide. Its main office is located in Tel Aviv. Since its founding in 2008, the firm has received investments from private equity firms such as Advent International, Bain Capital Ventures and GIC Private Limited, among others. In 2012, Plus500 became one of the first regulated forex brokers in Israel.
Plus500 is appropriately licensed and regulated in all of its regions. Plus500 Ltd is listed on the London Stock Exchange. It is also part of the FTSE250 index. The Financial Conduct Authority authorizes and regulates the U.K.- based Plus500 UK Ltd.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading, crypto and a thorough selection of CFDs.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Who is the Platform For?
Plus 500 is mainly intended to be a platform for professional traders. This means experienced and advanced investors can find the platform helpful. On the other hand, beginners might have a hard time figuring out how things work. Also, Plus 500 does not offer CFD broker services to U.S. traders.
When you sign up with Plus 500, you can get CFD broker services on various instruments. These include stock indices, commodities, individual shares, forex, etc. In 2013, the platform also introduced a Bitcoin CFD.
Regulation and Security of Client Funds at Plus500
If you are an experienced trader in your forties, then online trading is much newer than you. So, it is logical that you tend to trust traditional face-to-face trading more. And that kind of concern is necessary. The internet provides access to anyone who can use it, therefore, fraud, even in online trading, isn’t uncommon.
Licensing Authorities
So, you should only trade on platforms licensed by state regulatory authorities. This ensures that the trading platform has been able to establish its integrity. For instance, the Australian Securities and Investment Commission regulates Plus 500 Australia. Similarly, other countries regulate +500 via their respective authorities.
These regulatory commissions have only one aim, to secure the investments of Plus 500 users. For example, the Financial Conduct Authority authorizes the London branch, Plus 500 UK. As a result, investors enjoy a massive deposit protection of 85,000 pounds. This U.K. license also provides +500 validity in Germany and some other European countries.Â
Segregated Bank Accounts
The Plus 500 experience is secure. For instance, when you put your money on the platform, they put it in a separate client bank account. So, your money will be completely safe if the company goes broke or its accounts get frozen or hacked. This is in accordance with the rules of the FCA.
Another problem with many online businesses or trading platforms is that they use the clients’ money to fund their own ventures. This puts the customers at a significant risk of losing their investments if the ventures fail. But Plus 500 does not practice this. They use their funds when it comes to hedging. Also, they do not pass investors’ money through hedging counterparties.
As already mentioned, Plus 500 Australia is regulated by the ASIC. Similarly, other branches of +500 are regulated by the respective state and local authorities. For instance, the South African unit is under FSCA, the New Zealand branch is under FMA, and CysSEC oversees the the company in Cyprus.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
The Trading Offer and Conditions for Traders
The main attraction of trading on Plus500 is worldwide access. You can trade CFDs on more than 2,000 markets across the globe. One of the popular assets offered by the platform is stocks. An investor on +500 can trade with stocks from more than 23 countries. Other trading offers include ETFs, foreign exchanges, stock indices, and cryptocurrencies.
Besides providing a large market, Plus500 offers lower spreads than its competitors. The investor also doesn’t have to pay any commission on their trade assets. For instance, on GBP, the spreads vary from 0.8 pips. Spreads for Bitcoin vary from $33. You can also buy stocks of raw materials such as oil, gold, or cannabis.
One thing investors should keep in mind when investing with the platform is leverage. This can be a maximum of 1:30. It’s a strict rule put into action by the ESMA.
Two things make +500 the most desirable CFD trading platform. Firstly, the spreads for CFD trading are significantly lower on Plus 500 than with other similar companies. For instance, it is only 0.02 points. However, this can vary according to the market situation.
Secondly, the Plus500 experience with CFD trading is commission-free. As you may know, CFD trading is extremely risky, and more than 70 percent of investor‘s face losses. So, it can be helpful when a platform removes extra costs. Also, the platform is dedicated to serving its users every hour of the day, all days of the week.
Plus 500 will also close your position at a price you pre-select. As a result, you won’t lose money unnecessarily when the market is volatile. This is known as guaranteed stop loss. Most other CFD brokers won’t offer this advantage to their clients. So, this is another trading offer that makes the Plus500 experience unique compared to others.
What are Contracts at Plus500?
“Contracts” is a term you will often encounter during your Plus 500 experience. Well, it is only natural because the platform is a broker for CFDs, which stands for Contract for Difference. Buying a CFD essentially means entering a contract. Here, Plus5oo is selling the contracts to you.
Understanding CFDs
So, whenever you trade in currencies or stocks on +500, you aren’t actually the owner of these assets. For instance, you might have bought stock in the Coca-cola company. Here, you don’t necessarily own the stock. Instead, the money you invested bought you a contract that is identical in value to this share.Â
These kinds of contracts are called financial derivatives, which means it derives its value from an underlying asset. You, the Buyer, have no intention of owning the assets you seemingly buy on the platform. What you want is to benefit from the ups and downs of this asset’s price in the market.
Suppose you bought such a contract from Plus500. That would mean you are now in a trading agreement with the platform. The price at which you enter the deal is the entry price. And the price at which the trade closes is the closing price. The contract you enter with Plus 500 is based on the difference between these two prices.
Buy and Sell Contracts
So, if you are in a Buy contract with +500, the platform will pay you if the closing price is higher than the entry. In that case, you are making a profit. On the other hand, if the trades close at a lower price than the entry, you, the buyer, will pay Plus 500 the difference, which means you suffered a loss.Â
Things work in the opposite direction with the Sell contract. If the trade closes at a lower price than the starting, Plus 500 will pay you the difference. So, you will make a profit. In the same vein, you will face a loss if the trade closes at a higher price than the entry.
Advantages of These Contracts
The nature of the contract is what makes CFDs so attractive to traders. You can get the same business benefits (if not more) of owning a financial asset without ever actually owning the asset. It also lets you invest less money than you’d otherwise have if you bought it for real.
Another thing is the ability to short sell. When you enter a Sell contract, you make a profit on the fall of the underlying asset’s price, whereas, in regular finance, short-selling is often complicated. Therefore, most traders have no option but to go in for the long run.
What Stock Exchanges Does Plus500 Offer for Share Trading?
You can access the Plus 500 trading platform in many countries, including Germany, and there are many stock exchanges where you can buy stocks. For example, if you want to buy German company shares from Plus 500, you can do so through the Frankfurt Stock Exchange (the 12th biggest stock exchange in the world).
If you want to buy or sell shares of Ford or Workhorse, then you can use the New York Stock Exchange. This is the largest stock exchange in the world. You might also conduct your trading via the S&P 500 or NASDAQ.
Barclays, Rolls Royce, and Smiths are some of the popular UK stocks on the Plus 500. You can use the London Stock Exchange to buy and sell these stocks. This exchange has been running for 220 years and is always open for business.
For Plus500 Australia, significant stocks include Incitec Pivot, Flight Centre, Mineral Resources, and others. The stock exchange Plus500 offers for these trading is the Australian Securities Exchange. Similarly, you will need the Tokyo Stock Exchange if you want to buy Toshiba, Nintendo, or Softbank stocks.
Plus500 Trading Platform Test
To qualify as a competent trading platform, a user-friendly interface is a must. No matter how low the costs are on a trade, without a suitable user experience, the platform won’t be able to attract many users.
The Plus 500 experience is above average in that regard. Whether you are using Plus 500 Australia or using it from another country, your experience will always be seamless. The whole process is easy and understandable — from the Plus500 login to withdrawing your profits.
Plus500 offers its users the WebTrader platform. It’s the company’s proprietary platform, which you can access from many different devices. WebTrader is also compatible with all popular operating systems. In other words, you can use it on smartphones, tablets, Windows PCs, and regular web browsers.
The interface offered on WebTrader has a simple design. As a result, users of all levels can grasp it quickly. You can easily place trades and monitor them from this interface. Chart analysis is an integral part of any trading and this interface lets you do it quickly and efficiently.
The most important feature of any website or online interface is its layout and WebTrader has an easy and attractive layout. If you have a little experience with similar platforms, then the design of this interface will feel very familiar.
Another factor to consider while testing a trading platform is how much you can do from one window. Well, the Plus500 experience passes that too.
Suppose you want to choose an instrument. You can select it from a list of 2,000. Then you can use the technical analysis chart to analyze your selection. Finally, from the same window, you can place the trade with just a few clicks. In other words, you are not jumping between windows to complete the different tasks. Therefore, you save more time and placing trades becomes easier.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading, crypto and a thorough selection of CFDs.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Charting and Analysis For Traders
Traders depend on charts and technical analysis for their decisions. You must be quite good at reading charts to be successful in trading. Putting your money into a financial asset requires sorting through vast amounts of data in the shortest possible time. So, the platform you use must be able to provide that.
Charts and Technical Indicators
The Plus 500 experience comes with adequate charting tools. There are over seven different chart displays on the platform. These variations can present market information in several ways. As a result, you can gain quick insights from multiple angles. This helps you make the best-informed decision. Therefore, your chance of success increases dramatically.
Other essential tools include the technical indicators. Plus 500 offers 40 such tools. You can use these indicators to draw out specific strategies. Moreover, you can use a template to save the settings and duplicate them when necessary.
Unlike its competitors, the charting on +500 is much more user-friendly. Trading charts are complicated enough on their own, so Plus 500 tries to present it in the simplest way possible. For instance, they display it very clearly. Also, there’s no lag or errors. The platform offers you 119 technical indicators with the charting tool. Plus, you can save the charts when you need to.
RSI and MACD
Two essential technical indicators are RSI and MACD. The RSI or relative strength index charts a stock or market’s present and historical course. This includes both the strengths and weaknesses of the stock. The basis of this charting is the recent closing prices of that stock.
MACD stands for moving average convergence/divergence. This indicator recognizes the changes in the various aspects of stock price, such as its direction, momentum, strength, and so on.
How Does Trading Work at Plus500? – A Step-by-Step Guide (Tutorial)
Trading on the platform starts with the Plus500 login. After that, you have to decide how you want to trade. From that point to closing the trade, the whole process can be described in some simple steps.
Step1. Choosing to Trade
First, you need to evaluate the current condition of the market. Then, decide on the instrument you want to trade. For instance, you may select a currency pair. As you are trading in CFD, you won’t be selling one currency to buy another. Instead, you will trade on these currencies’ price movement.
When you select a currency pair, Plus 500 will tell you both the buy and sell price. The spread is the difference between those two prices (buy/sell). Often, users choose their currency pair based on market events they heard on the news. Suppose the news report makes you believe that the price of currency X will fall and the price of Y will rise. You will then trade on that belief.
Step2. Reviewing Your Trade
Now that you have decided, it is time to review it. First, you will want to use the instrument status bar to evaluate the trade. Think about what you are planning to do with it. Are you going long with the instrument or buying it? Or are you going short with it, aka, selling it? You should also decide on your entry price.Â
The trader must decide on the profit and loss price at which they would close the trade. You may also want to decide on the contract’s size.
To make these decisions, you must first understand the market trend. After careful observation, you can identify a trading range. This will help you to set a ‘stop loss order’ and a ‘take profit.’ Now you are ready to place the trade.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Step 3. Placing and Monitoring Your Trade
Your trade set up on +500 begins with clicking the ‘Buy’ button. You will then select a trade size and an initial margin requirement. After that, set the ‘close at profit’ and ‘close at loss’ prices. Then click Buy to open your trade.
Monitor your trade closely on the Plus 500 screen. You will want to get notified whenever there is a significant change in the price. So, set up alerts. These trading alerts are an essential part of the Plus 500 experience.
Step 4. Close Your TradeÂ
Keep monitoring and close the trade once it reaches the target price. If you entered a Buy contract and your closing price was greater than the starting price, you made a profit. You will have to pay the spread fees and keep the rest for yourself.Â
Mobile Trading on any Device with the Plus500 App
An online trading platform can’t be completed without a mobile app because most people using the platform prefer to access it from their phones.
Downloadable and Rich in Tools
So, +500 introduced a mobile app called Plus 500 Trading. You can download the app from the Google Play Store and start trading on your mobile phone. Some might wonder whether the app can provide a fulfilling Plus 500 experience like the web interface. Well, the app offers almost all the options you will find in the web version.
Some essential tools on Plus 500 are the charting tools, reports, and search module. You can find all of these on the mobile app. Plus, the app is compatible with a wide range of devices. For instance, you can run the app on iPhones, iPad, and Android devices.
Security and Ease of Use
In this age of cyberterrorism, people are always worried about putting their financial data at risk. You might have the same concern regarding the Plus500 mobile app. However, the app ensures the security of your data with its Biometric Authentication system. This provides an added layer of protection over the existing PIN and password model.
One of the major attractions of this app is its ease of use. You can easily buy and sell contracts within seconds. The layout is user-friendly and you can navigate it effortlessly. Also, you can deposit and withdraw money using the app. From the Plus 500 login to closing trades, the app provides a high-quality trading experience.
How Do I Sign Up To Plus500? – This Is How Opening a Deposit Works
Using the online interface, you can sign up with the platform and be a part of the Plus 500 experience. If you have ever opened a bank account before, this won’t feel much different. Make sure your country of residence allows Plus500 for its citizens. Also, keep the necessary documents close at hand.
Documents and Deposit Fee
The entire process of opening an account with Plus 500 is digital. You will need to upload documents that verify your identity and residency. For identity purposes, +500 accepts a passport or driver‘s license. You can submit your bank statement or address card for proof of residence. You can complete this identification process on the company’s web platform.
Submitting the required documents and filling in a few other fields will complete the online registration process. You will then have to transfer a minimum deposit of $100 to your Plus 500 brokerage account to start trading. Keep in mind that this is the deposit fee for trading. Simply opening an account on the platform doesn’t require any payment.
You can deposit this amount using an electronic wallet or credit/debit card. Some users might choose bank transfers. In that case, the deposit fee is $500.
Types of Accounts
You need to specify the type of account you want to sign up for. Plus 500 offers two types of accounts. These are the retail account and the professional account.
There isn’t much difference between the two. However, professional accounts enjoy higher leverage ratios than retail accounts. If you want to open a pro account, then there are specific eligibility requirements you need to fulfill. This essentially mean having a minimum amount of wealth or income.
Base currencies
The platform lets the users trade in 16 individual base currencies. So, if your account’s currency is among one of these, you don’t have to pay the conversion fee.
But, if you use a different currency, Plus500 will deduct the fee on every transaction. However, you can open a multi-currency bank account to mitigate the cost.
In short, opening an account on Plus 500 follows this chronological order-
- Select an account type
- Fill in the fields on the online form with personal info
- Submit documents for identity verification
- Review the submitted info and agree to the terms and conditions to complete the registration and verification process
- Deposit the minimum amount to your brokerage account to start trading.
Experience with Plus 500 Deposit and Withdrawal
The Plus 500 deposit and withdrawal experience is seamless in the same way as the other components of this platform. First, you can start trading with a deposit as small as $100. This makes it easy for anyone to try their hand at trading. Also, you don’t have to put down a deposit fee when you fund your brokerage account.
Deposit Experience
When using Plus 500 Trading, you can deposit the money directly through the app. In the case of the web platform, it may require a few more clicks. There are multiple deposit methods available. You already know about the credit/debit card and bank transfer option. Besides those, you can also use PayPal or Skrill to deposit money.
In the case of a bank transfer, it might take several business days for the money to get into your account. However, if you use a card or electronic wallet, the payment will be instant. Remember, you cannot deposit money from an account that is not in your name.
Withdrawal Experience
Like the deposit, Plus 500 also doesn’t charge a fee on the withdrawal. However, the number of free withdrawals you can make is limited. You can’t withdraw more than five times from your +500 account in one month. After that, Plus 500 can charge you $10 for each withdrawal you make.
If you withdraw your profits using a bank account or cards, the minimum amount is $100. However, you can use PayPal or Skrill to withdraw a much lower minimum amount of $50.
How To Withdraw Money From Plus 500
Log in to Plus 500 to access the platform. Find the Menu button. This is usually at the top left corner. Click on it. After that, you will see a list of options. Click on ‘Withdraw’ and select a method. You will then enter the amount you want to take out. Finally, click on ‘Open a Withdrawal’ to complete the process.
Remember, you can only withdraw money after completing the verification process. You can use cards and bank transfers to withdraw your money. You might also use e-wallets like PayPal or Skrill. Expect to get your money within five to seven business days. This length of time depends on the verification process and your bank.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading, crypto and a thorough selection of CFDs.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
What Does it Cost to Trade With Plus500? – Fees And Costs
One of the most remarkable things about the Plus 500 experience is the platform’s straightforwardness with its fees and costs. You will never see any surprise or hidden fees on the platform. And in the course of trading, you may notice that most of the services the platform provides are actually free.
Spreads
So, how do Plus 500 make money? Well, remember ‘Spreads’? It is the difference between the buying and selling price. That is the amount Plus500 gets for its services. Whenever you open a position on Plus 500, you are automatically paying the spread.
Before choosing an instrument to trade, you can quickly check its spread. Log in to Plus 500 to access your account. Then search for an instrument and select it. Now, click on the details icon. You will hopefully see the info section. Here, you can find the spread. You will notice that Plus 500 spreads are way tighter than its competitors.
Most CFD companies charge for deposits. They may also claim a real-time service charge on live sharing CFD prices and forex quotes. CFD platforms also charge their clients for the charts and graphs they let them use. But in your Plus 500 experience, you will encounter nothing like this.
The Additional Fees
Regular trading on the platform doesn’t require fees. But if your activities require an exception, you have to pay additional fees. Plus 500 is pretty straightforward with these fees and does not play hide-and-seek with the user. Some of these fees include:
Overnight Funding: Your trade is supposed to end within a specific time frame. However, traders may hold their positions even after that window ends. In that case, a certain amount will be added or deducted from your account. This is known as Overnight Funding Time, which requires an additional fee.
Conversion Fee: As mentioned earlier, if your bank account is in a different currency than the list of base currencies, then the platform will charge you a conversion fee.
Guaranteed Stop Order: All the top trading platforms offer this feature. You can use it to ensure that your trading position stops at a predefined rate. This also means that the spread has to be wider than normal. As a result, when you use this feature, you have to pay an additional fee. However, the level of risk management you enjoy with this feature makes it worthwhile.
Inactivity fee: If you haven’t logged in to Plus500 to access the account for at least three months, Plus 500 will charge you an inactivity fee. You will be paying 10 dollars for every month of inactivity.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Plus500 Trading Hours
Knowing when an instrument is available for trading is important because it tells you whether you can buy or sell that instrument at any given moment.
The trading hours can vary greatly depending on the instrument. You can check the trading hours for any particular instrument from the Plus500 website. To do so, go to the ‘Details’ tab on your account home page and select the instrument you wish to view. Then, scroll down until you reach the Trading Hours section. You should also note that the trading hours may change frequently due to regulatory changes.
You may also want to know the trading hours of important stock exchanges associated with Plus 500. For instance, the New York Stock Exchange and the Nasdaq market are open from 9.30 A.M. to 4 P.M. The Exchanges are closed on holidays. For Plus500 Australia users, the market is open from 10.00 A.M. to 4.00 P.M., except on holidays (according to Sydney time).
The Conclusion on Plus500: A Recommendable CFD Broker
If you are looking for a trustworthy trading platform for CFDs, then, of course, Plus 500 is a recommendable one. CFD trading is kind of risky, and the way to mitigate the risks is by investing little and having risk management tools at your disposal. Plus 500 offers the user both of these. So, if you are going to trade in CFDs, then Plus 500 is a platform you can rely on.
CFD: A major reason for choosing Plus 500 is the nature of a CFD itself. You can trade on an asset without actually owning it. Also, you have the ability to short sell. This means you can make money not only from the price rising, but also from drops.
Low prices: Â Plus 500 offers its services at a meager price. There are no hidden or surprise fees. You only pay the spreads that are comparatively narrower than the other platforms. Also, the minimum deposit is as low as $100. Moreover, Plus 500 does not charge any fees on the deposit and withdrawal.
Withdrawal: On any trading platform, withdrawing is a significant factor. And Plus 500 is pretty liberal with it. First of all, you can make five free withdrawals per month. Plus, you can withdraw as little as 50 dollars using Skrill and PayPal.
Product Variety: Plus 500 offers its traders a list of 2,000 instruments. And you can buy or sell contracts on a wide range of products, such as forex, cryptocurrencies, shares, stock indices, and more.
Wide range of tools: Plus 500 Trading (mobile app) and the desktop version offer a high-quality experience. You can access all the essential tools, such as charts, watchlists, technical indicators, and others. Moreover, you don’t have to pay a service charge to use them.
Educational Materials: If you find yourself lost on the platform, don’t worry. Plus 500 offers adequate materials to educate its users. For instance, you can read the free e-Book offered on the site to get an idea of how things work. You can also watch the helpful videos.
Secure and regulated: U.K.-based FCA regulates Plus 500. This alone tells you that +500 abides account by all the necessary rules and fulfills the requirements that make a trading platform valid. Also, +500 keeps its company account separate from the client accounts. All these ensure that your money is secure with Plus 500.
All of this helps us conclude that Plus 500 is a recommendable CFD broker platform.
Who Owns Plus500?
The owner of the Plus 500 online CFD trading company is the Plus 500 company. It is a public company that was founded in 2008 in Israel. Currently, the CEO of Plus 500 is David Zruia. He joined the company two years after it was launched. Back then, Zruia was a senior manager in the marketing department.
From his position, David worked tirelessly to raise awareness about the company. Plus 500 owes much of its current success to David.
The current chairperson of Plus 500 is Jacob Aharon Frenkel. Born in 1943, Frenkel has lived a life enriched by financial experiences. He is a well-known Israeli economist. Frenkel is the chairman of JPMorgan Chase International. He also formerly served as the Bank of Israel’s governor. Frenkel’s joined Plus 500 in March of 2021.
Is Plus500 Good in Australia?
Yes, Plus500 is good in Australia. Plus500 Australia is regulated by the Australian Securities and Investment Commission. This is the highest financial regulator in the country. As they recognize Plus 500 as a valid trading platform, you can use it without any concern.
Plus 500 Australia offers all the typical advantages users on the platform enjoy, such as low-cost CFD trading, various instruments and an easy-to-use platform.
The real question is whether you want to trade forex, binary options or CFD contracts. If you choose one of those three, then yes, Plus500 is a great broker if it meets all of your expectations. But if you prefer something else, maybe another brokerage firm will suit you better. What we like most about Plus500 is its wide range of trading instruments available online. For example, it has stocks, indices, commodities, bonds, futures, ETFs and cryptocurrencies. It doesn’t matter what you’re interested in – at Plus500, you’ll find them all!
Conclusion
The Plus500 experience is, of course, a pleasant one for any trader. CFD trading is a risky affair. Over 70 percent of CFD accounts face losses.
The best features of Plus500 are:
- The platform offers a wide range of CFD trading instruments with the lowest spreads in the industry.
- It is one of the most secure platforms on the market.
- You can trade using their mobile app, which allows you to access all features on the go.
- Withdrawals are free when you trade on Plus500.
- You can make money while sleeping!
- The site is easy to navigate.
- Trade in a few minutes with Plus500.
So, you must be on a platform that keeps things straightforward and provides enough room for risk management, and Plus500 is your best option in that regard.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
