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Plus500 Review 2020: Is it a Scam or Safe to Use? - All the Pros ...

Plus500 is a commercial contracts for difference broker (CFD), offering users around the world a wide variety of asset classes to trade, as well as an easy-to-use experience on mobile and desktop applications. Known for their zero-commission model, Plus500 traders have the tools available to quickly capitalize on new trends in the global market.

Investors from more than 50 countries can trade with confidence, knowing that Plus500 is regulated and licensed in all jurisdictions in which it operates with service available in 32 different languages. In addition, individual risk and security can be optimized with a comprehensive range of order types and margin trading tools, as well as segregated account measures to secure all trader’s funds.

The Plus500 platform is aimed at more experienced traders, capable of researching and analyzing markets on their own, so that their steep learning curve can be detrimental to novice traders.


• Intuitive and responsive platform compatible with operating systems

• Leverage available for a wide range of tradable assets

• Multiple ways to reach customer support


• CFD traders have no real assets or gain shareholder rights

• Corporate or company business accounts unavailable

• No news, analysis or educational resources

• Absence of social negotiation resources

Who is Plus500 recommended for?

Plus500 incorporates a wide selection of trading tools that can be intimidating and difficult for beginner traders to understand, especially since they should only use tools like leverage with the utmost care. The platform is best suited for veteran market participants who are more used to applying advanced order types and margins and also for those who are familiar with markets such as cryptocurrency and options.

Plus500 Review 2020 - Pros and Cons | Plus 500 Trading platform Review

Beginners can still familiarize themselves with the application, thanks to a demo account that does not expire, and can also hide the most complex and advanced features.

Regulated by

• Australian Securities and Investments Commission (Australia)

• Cyprus Securities and Exchange Commission (Cyprus)

• Financial Conduct Authority (United Kingdom)

• Monetary Authority of Singapore (Singapore)

Key Features of Plus500

Trading 101 | Plus500

Asset Variety:

All financial instruments represented and negotiable in Plus500 are forex and CFDs. The platform hosts a wide range of indices, currencies, commodities, stocks, ETFs, options and cryptocurrencies in a single accessible format. Plus500 also regularly adds new assets, catering to traders of all preferences and strategies. The number of assets available on the Plus500 platform exceeded 2,200.

Flexible order types:

Plus500 offers a variety of order types, including market, limit and stop orders, as well as risk management measures such as making a profit, trailing stop and stop loss functionality. Although slip does occur, you can pay a fee to open a Guaranteed Stop to ensure more accurate execution.

Economic Calendar:

Plus500 offers an economic calendar that uses official Dow Jones data and lists upcoming market events and results, easily filterable by countries and reports most relevant to your trading tactics.

Accessible Support Team:

Merchants who need help using Plus500 or those with other questions and concerns can get customer support in their preferred language and via email or live chat.

Plus500 Deposit & Withdrawal Options

Deposits and withdrawals at Plus500 are simple, supported by the following methods:

• Larger Credit Cards, such as VISA, MasterCard.

• Bank transfer

• Paypal

• Skrill

To make a deposit, simply follow the steps below:

• Step 1: Click on “Fund Management” and then select “Deposit”

• Step 2: Select your favorite deposit options

• Step 3: Fill in the required fields on the form and click “Submit”

Plus500 Tutorial: Deposit and withdrawing money

To initiate a withdrawal, the process is similar to the one through which you are trying to deposit funds. Instead of depositing, you simply select the withdrawal options under “Funds Management”. The typical processing time required for a withdrawal request is 1 to 3 business days. Once your application is approved, it will take a few days for the funds to appear in your account:

• Credit Cards: According to the bank credit card processing time.

• Bank Transfer: Usually within 5 working days

• eWallets: 3 to 7 working days

Plus500 Customer Support

Plus500 Support Now Available on WhatsApp

Customer support at Plus500 is available on a 24/7 basis. Traders will be able to contact customer support via email or live chat. To make it easier for non-English speaking traders, the Plus500 website and platform are available in 31 different languages. Some of the main languages that are supported include German, French, Spanish, Chinese, Malay, Polish, Russian, Dutch, Italian and Arabic.


How to Open a Plus500 Account - Binary Options Gold

Many brokers offer courses, videos, e-books, questionnaires and more to help clients learn about the markets in which they are investing. Plus500 does not provide any of these services. The broker provides a legally required “Key Information Document” (KID) that describes the basic principles of each available instrument and the risks associated with its trading. The KID has summary information on commodities, cryptocurrencies, ETFs, forex, indices, options and stocks. Plus500 expects its customers to know what they are doing or, at the very least, to seek educational material elsewhere.

Special features

Plus500 does not offer any of the special features that we normally look for in a broker. It does not allow automated trading through expert advisors or other trading algorithms, does not provide back-testing functionality, nor does it allow customers to manage third party funds through PAMM or MAM trading platforms.

eToro vs Plus500 [2020 COMPARISON] |

The platform is clearly aimed at those who need only a mechanism to perform operations without much advanced functionality. Guaranteed stops are available in some markets; however, they come with an increased spread and cannot be added to previously opened transactions.

Plus500 Applications

Full Review of Plus500 Trading App

In addition to accessing WebTrader on a PC, Plus500 customers can trade wherever they are, by downloading Plus500 applications for iOS, Android or Windows. Mobile applications have exactly the same functionality as the desktop platform. This includes price alerts and the ability to obtain real-time quotes on currency pairs and stocks. Merchants can also track their finances and link their bank accounts from mobile apps.

The app is available on Google Play 24/7 professional multilingual support. You can download this application in App Store or Play Market for ios and android devices.

Research options

With regard to forex and CFD research, Plus500 leaves a lot to be desired. Plus500 does not offer basic search options, such as daily market comments, forex news or weekly webinars. In addition, Plus500 does not provide social copy negotiation tools. The broker, however, is starting to release educational video content in his Trader’s Guide series.

How does the Plus500 App work? |

News and research: It was surprising to see that there is no research shown in the Plus500 demo. For example, there are no top-notch headlines from suppliers like Dow Jones, Reuters, Bloomberg or even technical analysis content from the broker itself or from third-party sources.

Forex Calendar: I was pleased to see that Plus500 incorporates an economic calendar developed by Dow Jones on its WebTrader platform, and which is also available on the broker’s website. Plus500 also displays professional opinion data, which can be useful for assessing consensus.

Technological focus and advancement

In such a competitive market, it is essential for a broker to offer certain exclusive resources to attract and retain customers. Plus500 guarantees its position as one of the best brokers in the world through its continuous approach to technological advancement, innovative financial instruments and quality trading platforms.

Plus500 - Wikipedia

In addition to the many tools that Plus500 offers customers to analyze the market and make informed decisions, a prominent feature for Plus500 is the fast execution of orders, ensuring that delay and price slippage are not an issue.

Offering more than 2000 CFD trading tools, including cryptocurrencies and Forex, ensures that traders are free to choose their business and can expand their knowledge and portfolio as they see fit.

Plus500 has a board of directors and distinguished team managers who work continuously to improve the platform, the company and meet the needs of customers. In addition, Plus500 can offer low spreads and does not charge additional commissions. Always working within strict ethical regulations.

Mobile trading

Plus500 Review, Insights and Special BONUS For UAE Traders

It wouldn’t be 2018 and Plus500 wouldn’t be at the forefront of development and technological advancement if it didn’t offer the possibility to trade through a variety of devices, including PC, Mac, Tablet and smartphone. The exclusive Plus500 Mobile Platform allows traders to trade anytime, anywhere. The use of mobile platform operators can execute and modify orders, control charts, use technical indicators and follow the most current market developments whenever they need or want.

Is Plus500 Authorised and Regulated?

As a reliable, publicly-traded company that is regulated in multiple jurisdictions, Plus500 provides a secure way to trade CFDs. Plus500 operates and/or are individually regulated by the following subsidiaries: Plus500UKLtd is authorized and regulated by the Financial Conduct Authority (FCA) (FRN 509909) Plus500CYLtd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC Licence No. 250/14) Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).

Plus500AU Pty Ltd (ACN 153301681) is licensed by the Australian Securities and Investments Commission in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority (Licence No. SD039). Plus500IL Ltd is registered in Israel and licensed to operate a trading platform. The table below shows which countries are covered under the FCA, CySEC, and ASIC, and what protection is offered.

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