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Calls are made from all over the world and sometimes from fake numbers. If you or someone you know has had experience trading with Plus500 we want to hear from you. To date Plus500 hasn’t been the subject of any significant regulatory warnings or suspensions. The question is, as company that’s been trading publicly since 2013, why hasn’t there been any movement? CFDs are derivative products and by nature, take or derive their value from the value of another asset or security.
Opening several accounts is clearly against the T&Cs and a very good reason to terminate all accounts you opened trying to receive bonus money. They perfect until you start making money then the Change the graphs increase the spreads and start hitting your stop losses every time. I’ve tried 10 times given it 6 months gap and every time the same thing starts happening. They will never allow you to continue to profit without changing their systems and resistances . The fact that Plus500UK Ltd is regulated by the FCA is a huge plus and it will give you peace of mind that this trading platform operates correctly within the laws of the United Kingdom. The Plus500 Ltd company is also listed on the London Stock Exchange, which again should go towards reassuring you that this is a large a legitimate company to deal with.
Again, there is no commission, and everything is included in the spreads. On the negative side, Plus500 has standard research tools, like recommendations and fundamental data are not available. You’ll be given a choice of either a bank transfer, Visa and Mastercard payments, and e-wallet payments through either Skrill or PayPal. We found deposits were very easy to plus500 review make – from the mobile app, users simply needed to locate Funds management from the menu button, whilst for web users it was easily accessible from the dashboard. For anyone looking to trade stocks under a low cost and with medium sized volume, Plus500 makes perfect sense as it will also give traders the possibility to hedge themselves using their CFDs on options.
You can find the educational tools on the Plus500 website, under ‘Trading’ if you click on ‘Risk management’ or ‘Trading Academy’. In addition, if you browse their FAQ, you will find a few more videos detailing, for example, the process of payment verification. These can be of great use, as there’s a high risk of losing money when trading CFDs with this – or any – provider.
Customer support
The broker is regulated by several financial authorities globally, including the UK’s FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by regulators from other countries where different investor protection rules may apply. Plus500 is first and foremost a traditional financial instrument broker, and as such, the cryptocurrency markets are fairly restricted when compared to several major competitors.
When offered, such a sign-up bonus is offered only once per client, according to our bonus conditions, which can be found on our website, if you are a subject to such a bonus. For more and specific information, please contact us on our website. The demo is unlimited time so I can make mistakes and learn from other approaches.
The best way to get convinced about the Plus 500 platform is to check it out yourself. Plus500 offers an unlimited free demo with virtual money. It’s absolutely RISK FREE, so give it a try by clicking here. This Tuesday Plus500 Ltd has reported a record year, with a sharp rise in profit and revenue ahead of expectations. Also the broker has announced its preliminary unaudited results for the year ended 31 December 2018, stating that the company set a new record in terms of financial performance.
Financial Services Compensation Scheme
As a special feature Plus500 enables trading with major Forex-pairs which can be paired with less known currencies. All in all more than 2000 markets can be traded at Plus500. PLUS500 appear to me to be a money losing PIT for the unwary. Be aware something is not right with PLUS500 based on my experience. Just checked their website and the whole thing looks rather odd.
Despite this, it is a great option to invest safely and with good tools. Among them we can also name the alerts about the variations in the financial market. It gives us the opportunity to test the platform in the best and safest way, so that we can familiarise ourselves with it before investing real money.
If you want to venture into trading, this a great intermediary totally safe that will allow you to manage to invest your money under previous analysis thanks to its intuitive platform. In this way, you will be able to open an account in Plus500 to be able to start acting in the financial market in a simple way. Plus500 is the best broker for those traders who want to trade CFDs. This broker is regulated by many international regulatory authorities.
Users does the offer from offerwall and provider shares the money received from advertiser with the user. First time users signs up, deposits 220$ and does a trade of 220$ to get 265$. Plus500 is a sponsor of Atlético de Madrid and has an active partnership with the Brumbies Rugby team. As special features, they offer an economic and earnings calendar, tons of technical indicators, very tight spreads, Negative Balance Protection, and Guaranteed Stops.
From there, scroll to the info section, and you will see the spread. You can prevent this from happening by monitoring your balance and always ensuring you https://broker-review.org/ have enough funds. You can also request notifications if your account equity is approaching the maintenance margin value to further avoid this issue.
Plus500 Review – Are They Safe or a Scam?
The real business of Plus500 is in the spread, i.e. the difference between buying and selling. In order to use this, you must first create a user before you can begin financial trading. Once you have done so, you will be able to choose the type of account you want to start with. When you open an account at Plus500, you will be able to see how the contracts develop in relation to your investments.
Over and above, the leverage on the cryptocurrency trading is constrained to shield brokers from the instability that can cause extreme losses. As per our Plus500 review, Plus 500 website is very organized and user-friendly which makes it an enjoyable trading experience for new and experienced users. Users can switch back to another language whenever the need arises. If you are looking for features such as comprehensive educational resources, free VPS, and advanced trading platforms like MT4 or MT5, this brokerage will not suit your needs. Further, we highly recommend this brokerage who is looking for a broker with good spreads and commissions without hidden charges and with a trading platform easy to use. Broker with good regulation but poor trading conditions.
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. We also compared Plus500’s fees with those of two similar brokers we selected, ActivTrades and Spreadex. This selection is based on objective factors such as products offered, client profile, fee structure, etc.
- This protection becomes useful in the unlikely event that Plus500 ceases trading or becomes insolvent.
- Moreover, it offers client money protection and negative balance protection which is highly beneficial to the traders.
- The own trading software is very well structured, and all functions and features are self-explaining.
- These events can include extreme volatility, underlying market suspension, or illiquidity, among others.
- It has over 90 inbuilt indicators, drawing tools and 8 chart styles that can be displayed against 10 timeframes.
- In total, there are more than 2,000 trading instruments available via Plus500.
The traders can avail of the guaranteed stop loss order , which is a helpful risk management tool. The traders can make their trading experience pleasant by joining this trading platform. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. The broker makes their money in the spread when you take a position. That means users pay zero fees on deposits, opening and closing trades, or for using any of the charts and tools available on the trading platform.
Mobile trading platform
It provides a rather limited range of educational materials and no trading course in general or live webinars. There are some course videos known as Plus500 Trade’s Guide which is just a guide on how to use a proprietary trading platform. Plus500 minimum deposit is 100$ but varies according to the jurisdiction under which the trading account is opened. Important to note, each method has its own minimum deposit requirement too.
Therefore, in accordance with the CySEC, FCA, Australian Securities and investment commission and other respected regulations, CFD provider strongly complies with numerous client protective tools. In addition, Plus500 shows an understanding of the importance of innovation thus constantly improves trading services, generously rewarding clients with fair trading conditions. As well as developing various trading programs or add-ons to enhance capabilities, which became award-winning programs suitable for large communities, affiliates and traders.
Asset View
There is no phone support, but there is an integrated ‘Contact Us’ page for inquiries. Plus500 clients can tradereal stocksas well on the Plus500 Invest platform. We tested the debit card transfer withdrawal and it took more than 3 business days. Plus500 withdrawal is free of charge, butyou can make only 5 withdrawals per month. If you exceed this number, Plus500 may charge you $10 for each additional withdrawal.
Nowadays it still is one of the best platforms if you’re an experienced investor and want want to start trading CFD’s. They offer negative balance protection, so you cannot lose more than your deposit. Together withFortrade they were one of the few brokers that offered this kind of protection before it became mandatory under the new EU rules from ESMA.
