|Review in short|
|Number of instruments CFD||7|
|Deposit from||100 EUR/USD|
|Spreads||1 EUR/USD * Spread is dated 02.06.2021 12:00, spread amount is subject to change.|
|Instruments CFD||Commodities, Options, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies|
|Location||Plus500CY Ltd, 169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus|
|Country||Cyprus, UK, Australia|
* Some of the payment methods may not be available in your country.
Plus500 is individual Forex trading platform, a broker is fully regulated by the FCA and CYSEC. In today's article, we are bringing you a Plus500 review test and tips for 2019 year. Join millions who have already traded with Plus500.
Plus500 offer to Trade the world’s most popular markets and trading opportunities, instruments, FREE real time quotes and dedicated round-the-clock customer support. Plus500 offers on-line trading with over 2000 various financial instruments. This is an on-line service provider for retail customers allowing to trade CFDs on a range of financial markets. Shares of the parent company plus500 are admitted to trading on the AIM market of the London Stock Exchange.
Plus500 is currently a one of the leading CFD providers in Forex market. Thus, it offers unbeatable conditions not only in trading Forex, but also in trading commodities, such as oil, gold or silver, indices of world stock exchanges, and, for example, a cryptocurrencies Bitcoin, Litecoin and others.
The company was founded by 5 five Institute of Technology graduates with an initial investment of $ 400,000, which have been also contributed by Alon Gonen, managing director. In 2010, the Company launched its platform for Mac OS and Linux. In 2011, the Company launched its first application for iPad and iPhone. 40% of transactions were carried out by using either smartphone or tablet.
The company offers Contract for Difference (CFD), services of various financial instruments. Platform websites are available in 31 different languages on more than 30 different domains. Initial Public Offering –
The Company announced that the Initial Public Offering of shares would be made on the first week of July 2013 and their shares have begun to publicly trade on the AIM market of the London Stock Exchange. Market capitalisation of the Company is + $1 200,000,000.
Plus500 Ltd is a UK FTSE 250 company listed on the London Stock Exchange’s Main Market for Listed Companies Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14)
Tight spread range
Good selection of crypto CFDs
Advanced risk management tools
Support service 24 hours a day, 7 days a week
More than 2000 trading instruments
Less deposit and withdrawal options
Some business strategies are not supported
Lack of customer service
Limited training and analysis for beginners
Plus500 has developed and operates an on-line trading platform for retail customers, thanks to it, they can easily trade CFDs at an international level. This platform offers more than 1,700 various basic global financial instruments including stocks, ETFs, foreign-exchange market, indices and commodities.
The group allows investors to trade in more than 50 countries around the world. Trading platform is accessible from multiple Windows operating systems, smart phones (iOS and Android) and tablets (iOS and Android) and it also allows trading using an Internet application.
Each one trader should be interested in this section! In addition, we dare to say that the trader should take from it more than just a lesson, i.e. he/she should use it in practice. We present here a series of several rules and we hope that they will help you as they have helped many other people.
The trading is often stress, you are afraid of loss, but the more interesting thing is that the traders are afraid of profit too. BUT do not be afraid of big profits! It is important that the trader has set a risk limit that he/she is willing to take for a given trade. It is usually a stop loss order at the level of 2–10% of account loss.
Keep so-called investment diary, into which you enter why you have decide to open given position and what result has been. After its closure, evaluate it – successful, unsuccessful.
Finally, compare the reason for the success with the reason for the position opening. This gives you an overview of your trading, thus, in the future, you will avoid mistakes, which you have done in the early days.
- Tips and tricks
TIP 1: Use fundamental analysis, technical analysis and indicators. Do everything what may help to increase your profits.
TIP 2: Focus on trading with only a few instruments. For example, trade only with the commodities such as oil, gold, natural gas, corn, and currency pair EUR/USD and pay attention to them. Do not take into account other instruments. Time that you may lose when focusing on the whole financial market you should rather pay to a few instruments and the profit will certainly come to you.
TIP 3: As a general rule, the more you have, the harder you lose it – of course, if you do not behave indifferently and if you value your money. That is why it is important for you to trade smaller quantities at the beginning of your career and satisfy even with smaller profits.
TIP 4: Use commands Stop Limit and Stop Loss or Trailing Stop to your** money-management**. In the case of extreme changes in the value of commodity, stocks or currency pair, these commands may save the remaining amount in the account or to achieve the highest, targeted profit.
Tip 5: If you are beginners, download first Demo Account then trade in a real account with a minimum investing amount of 100 USD. If you are beginners, it is not worth to invest more as you can make more trade even from 5 USD. If you are successful, you will create your capital through successful trades.
Learn more about fees here: Plus500 fees
Trading at Plus500
You can trade with Plus500 anytime, anywhere using all different types of devices, including web, Android, iOS and more. You can create alerts to notify you of price and percentage changes.
- Remember: on Plus500 you are not buying or selling underlying assets, you are trading Contracts for Difference - CFDs.
If you wish, you can place stop orders to close a position the moment a certain profit or loss is reached. By adding a Guaranteed Stop - for an extended range- you ensure an absolute limit to your potential losses.
You can also place a future order to buy an instrument only when its price reaches or exceeds the specified price. To view the details of your position, click on the menu item called "Open Positions".
The "Edit " button allows you to add or update some of the available stop orders.
The "Close " button will close your position.
You can also close part of your position by changing the quantity. To open a new trade, simply click on the "trade" menu item.
Offer of trading instruments
Plus500 offers online trading with up to 2000 different financial instruments. It is an online service provider for retail customers enabling CFD trading on a range of financial markets.
- CFD contracts at Plus500
The company offers Contract for Difference (CFD) services for various financial instruments. The platform's website is available in 31 different languages on over 30 different domains, you can trade Forex, ETFs, Stocks, Cryptocurrencies, Commodities, Indices and other instruments.
Plus500 has developed and operates an online trading platform for retail customers, making it easy for them to trade CFDs internationally, offering them over 2000 different underlying global financial instruments.
The Group enables investors to trade in over 50 countries. The trading platform can be accessed from multiple Windows operating systems, smartphones (iOS and Android) and tablets (iOS and Android)** and also allows trading via an internet application - Webtrader.
Plus500 demo offers a demo account free of charge to all of its customers; the account is not restricted by any time limit. With the Demo Account, you have real market conditions – everything is the same as in real trading conditions. You will know all functions of the plus500 platform without running the risk of losing your capital.
Trading with the Demo Account
- The best way to know the trading procedures of the Plus500 platform is to download our free software, open your account and trade with demo money.
Features of free Demo Account:
- No time limit
- Real market conditions – everything is exactly as in real trading conditions
- There is no risk – get to know all functions of the Plus500 platform without running the risk of losing your capital.
- Settings, control and simulation of trading strategies
- On-line help and support team assistance
CREATE A DEMO ACCOUNT
86% of retail CFD accounts lose money.
- Withdrawals and withdrawals from plus500
From my own experience, payouts take about 4 - 5 working days and there are no problems. You can have your payout sent to your bank account, Paypal or Skrill.
- Business applications
Plus500 has developed its own trading app with an emphasis on clarity and readability. Since you can trade up to 2000 instruments on Plus500, these two features are extremely important. The app is intuitive and you can try it out on an unlimited Demo account with virtual money. In the app you can set up odds tracking, these will then come to you in the form of an SMS message on your mobile.
- Customer support
Support responds to any questions they receive. You don't have to worry about anyone from plus500 calling you and offering you any kind of deals, plus500 is one of the few online brokers that doesn't do this.
- What is the minimum deposit at Plus500?
The minimum deposit required to open an account with Plus500 is $100 USD (2000 CZK or 100 EUR), but can be higher depending on the payment method used to fund the account.
- Where is Plus500 based?
a company with its headquarters situated in Israel. The offices in the UK, Australia, Singapore, and Cyprus are subsidiaries.
Choose Plus500 for trading?
An example of this sensitive approach to user comfort during the actual transactions is the fact that the different versions of the ** PLUS500** system for different platforms always look the same. In practice, we have already got used to the fact that if we want to trade via our mobile phone instead of our web browser this time, we first have to get reacquainted with the slightly different layout of the functions and the information itself.
However, the company offers its interface in the same form for both the version we download to our computer and the aforementioned web browser or mobile phone version.
It may not be the most revolutionary feature of the entire system, but it's certainly the most enjoyable. Probably all of us will confirm that there is nothing more annoying than getting familiar with new controls when we need to make a specific financial transaction quickly.
- Deposit methods
As for the deposit methods available. It offers its clients the classic option of using a credit card and transfer**, or payment through the Skrill system. As we have verified ourselves, all of these are quick ways to deposit funds into your account and can be handled by anyone.
However, checking the account itself remains simple and straightforward. Moreover, the broker is known for trying to overwhelm the application with as little unnecessary information as possible. Therefore, the trader is not overloaded with a lot of secondary information and settings, which are often a hindrance to actual trading.
Conclusion + Frequently Asked Questions (FAQ)
Is plus500 trustworthy to deposit money?
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities Commission (Licence No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission, is authorised to issue these products to residents of Australia. You do not own or have a right to the underlying assets. Please refer to our risk disclosure documents which are available on our website. Plus500 Ltd is listed on the main market of the London Stock Exchange
What should I start trading with?
Depending on you and your experience, there are over 2000 instruments available, CFDs on forex, equities, commodities, indices etc.
Why can't I sell or buy anything at the weekend?
As the weekend sees a very significant reduction in trade flow around the world, trading is halted. The market will reopen on Monday and you will be able to resume trading. If you have a position open, nothing will happen, it will simply continue from where it left off.
CREATE A DEMO ACCOUNT
86% of retail CFD accounts lose money.
Plus500 a quality startup broker that has been in the market for a long time and is fully vetted and compliant Their trading platform is standardized across PC, Mac and mobile devices and is easy to set up and use. Given the free trial, we think it's definitely worth checking out.
Note to day traders and scalpers. On Plus500, scalping is defined as "a trading strategy where a substantial portion of a customer's positions are opened and closed within 2 minutes." If Plus500 believes you have followed this strategy, your account may be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not designed for your trading style.
- How to open a Demo account with Plus500?
Setting up a demo account with Plus500 is completely free, all you need to do is register, fill in your email, choose a password and you will get a demo account with a virtual 50,000USD.
- What is the minimum deposit at plus500?
The minimum deposit is 100 USD / 100 €, you can deposit using skrill or credit card. The account currency is in CZK. Deposit by Bank Transfer is €500 or equivalent in your currency, you can only make your second deposit using Skrill wallet, the first deposit must be by another method.
- Can I trade options with plus500?
At plus500, trade CFD options with up to 1:30 leverage. You can start with as little as £2,500 to take advantage of the £12,500 capital.
- What are the fees at Plus500 broker?
Plus500 offers a large part of its services for free. The fees are primarily to compensate for the bid-ask spread, which is one of the narrowest among brokers. Plus500 does not charge fees for depositing or withdrawing funds.
Can you make money with Plus500?
It is of course possible to make money with Plus500. At the time of writing this article, as per regulatory requirements, Plus500 reported that 23.6% of their retail investor accounts made money trading CFDs.
How can I withdraw money from Plus500?
You can withdraw money from Plus500 via bank transfer, debit cards, Skrill and PayPal. For exact instructions on how to make a withdrawal from your Plus500 account, log into the Withdrawal section.
How long does it take to withdraw money from Plus500?
Plus500 can usually pay you your withdrawal within 2 or 3 days. Plus500 clients report that PayPal is the fastest method of withdrawing from Plus500.