A Review of Plus500’s Impressive Assets and Platforms

(Your capital is at risk)

Plus500 is a complete CFD broker that currently offers one of the largest selection of CFDs on the market. Last time we checked they had over 2,000 stocks, commodities, currencies (forex), Exchange-traded funds, options, and cryptocurrencies.

Plus500 was launched in Israel during 2008 and offers access to most of the world’s investment markets.

On top of its impressive selection of CFDs, 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), and they represent one of the industry’s leading affiliate programs. Since the 2015/2016 season, Plus500 is the official sponsor of the Spanish football team Atletico Madrid.

Create account at Plus500!

Is Plus500 a scam?

No, Plus500 is not a scam but rather one of the best CFD brokers on the market. There is no need for you to worry about your safety and money while using Plus500 for your investments.

However, similarly to other brokers, Plus500’s journey hasn’t been completely smooth sailing. In 2012, Plus500 was fined by the FCA when they failed to deliver transaction reports from their customers. In 2015, they were forced to freeze 55 percent of their British customer’s accounts since their prevention of money laundering was considered inadequate. It took over 2 months for most customers to get their money back.

With that said, Plus500 has always managed to recover, and every time they encounter a problem with one of the regulating authorities, they do whatever is necessary to solve the issue. In fact, most of the brokers that are regulated under these strict rules will make mistakes at some point or another. We prefer to not only focus on the issues that arise but how the brokers handle those issues and what policies they have in place in order to deal with these situations.

Today, Plus500 is run with the utmost care and there is no doubt in our minds that they are trustworthy. If you’re interested in trading with CFD, Plus500 is a good choice with a well-designed platform and a mostly positive reputation.

Plus500 Trading Platform

When Plus500 was first launched in 2008, the broker was only available for Windows. It took two years before a version that was compatible with Apple’s operating systems, as well as Linux, was developed. The platform is a WebTrader meaning that it does not require a download and is used by a browser.

Plus500 has done a very good job at developing their own platform and we were excited to see a relatively small broker that was able to offer a product that could compare with the big players from day one. If you want to trade with Plus500 you’ll get to use a neat, practical, and good-looking platform with an easy-to-use interface.

Plus500 Trading Accounts

On today’s market, it is more or less industry standard to offer two trading accounts. A regular trading account that’s used to trade with real money and a demo account that’s used to trade virtual money under real market conditions but with zero risks.

Demo Account
Plus500’s demo account offers several practical functions. Firstly, it can be used by beginners that want to practice to trade CFDs in a risk-free environment, or by people who want to test Plus500’s trading platform before depositing money.

Secondly, it can be used by traders on all levels to practice trading and developing strategies.

To make their demo account as practical as possible, Plus500 has made it effortless to switch between the two accounts. All you need to do is push a button on the interface.

According to Plus500’s website, you can open a Plus500 demo account without first having to create a regular trading account or making a minimum deposit.

Create a Demo Account
Trading Account
To start trading CFDs for real money with Plus500, you need to open a regular trading account. The registration process is as easy but please note that you will have to submit a few documents and information such as your name, email address, physical address, phone number, and a few additional details before you can start trading. Also you will need to read through through documentation and agree to their Terms and Conditions.

Note that you will have to submit more information and confirm your identity before you can withdraw your potential profits from Plus500. Because of this, you need to be very careful and only submit correct information that you can prove at a later stage. Failing to do so can lead to your account getting frozen and your profits being forfeited.

Create a Trading Account

Your capital is at risk

Plus500’s Focus on CFDs

Next, in our review, we will take a closer look at what CFDs are and the advantages of trading with them.

CFD is short for Contract for Difference and it is a financial instrument that can be used as an alternative to the more common types of investment. A CFD is a contract where you the buyer and the seller, in this case Plus500, agree on the price of an underlying asset. Your job is to then predict in what direction the value of the underlying asset will move and speculate your money on the prediction.

CFDs are unique in the sense that they are not time-based meaning that, in most cases, you can hold on to them until they give you as much profit as you like. A binary option is in many ways similar to a CFD with the main difference being that a binary option is sold at a predetermined time, whether or not it has yielded any profit.

Another advantage with CFDs is that they can be used on both bullish and bearish markets and that you can speculate on negative trends.

Due to strict rules against speculative investments, CFDs just like binary options aren’t available everywhere in the world. For example, you can’t trade CFDs within the United States or Canada.

Plus500’s Selection: Gain Access to Every Market

Today, Plus500 offers opportunities to trade on more than 2,000 financial instruments on some of the most lucrative markets in the world. This wide selection means that there is something here for everybody.

The following markets are currently available as CFDs:

  • Stocks are one of Plus500’s strongest markets and they offer several hundred stocks from the world’s stock exchanges. Plus500 has categorized their stocks based on country, so it is very easy to find something suited to your needs. Would you like to trade on the Stockholm Exchange? No problem. Do you prefer the Polish Exchange? Go for it. Are you used to the London Exchange? No worries. Same goes for pretty much every country in Europe and all the world’s leading stock exchanges.
  • Indices are a collection of stocks whose price represents the average price of all the included stocks. It is a huge market and naturally something that Plus500 offers their customers. You can use Plus500’s trading platform to trade on some of the most well-known indices in the world such as the S&P500 (U.S.), The Dow Jones (U.S.), F2MX (Germany), and OMXS30 (Sweden).
  • Forex also called currency trading is another one of Plus500’s available markets. From the information on their website, we see that they offer the most traded currencies such as the American dollar (USD), the euro (EUR), and the pound sterling (GBP). These currencies can be combined with smaller currencies such as the Swedish krona (SEK), South African rand (ZAR), and Turkish lira (TRY).
  • Commodities are one of the smallest parts of Plus500’s selection. They offer 17 different commodities such as cotton, coffee, gold, and silver.
  • Cryptocurrencies are something that Plus500 started offering as soon as the international interest in digital currencies gained momentum. They are constantly working on broadening their collection of cryptocurrencies and currently offer 9 of the most popular ones. With Plus500 you can trade Bitcoin, Ethereum, Litecoin, and a few other digital currencies.
  • Options is an unusual instrument among traditional CFD traders, but a breath of fresh air in our opinion. You can choose between a few hundred options organized by country, companies, and popularity.
  • ETFs is short for Exchange-traded funds and Plus500 offers 50 of them. We enjoy trading ETFs and lately, it has become one of our main focuses which means that we really like how accessible they are on Plus500’s platform.

Plus500 On Your Smartphone

The company that operates Plus500 has always strived to be innovative and technologically leading in the industry. Due to this, Plus500’s latest effort has been to develop the best mobile product on the market. According to experts and recent data, mobile trading will become more and more common and we can already see how Plus500 is taking advantage of the movement. During 2016, Plus500 reported that almost half (close to 40%) of the total amount of trades conducted on their platform was done on mobile devices.
Plus500’s platform is compatible with iOS and Android devices.

Plus500 License and Regulation

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).

Plus500 Deposits and Withdrawals

Deposits and withdrawals to and from your Plus500 trading account can be done using three different methods:

    • Credit or debit card (Visa or Mastercard)
    • E-wallets (PayPal or Skrill)
    • Bank Transfer (From your bank account to Plus500)

Note that all deposits have to be done from an account that is registered in the same name as you registered your Plus500 account with. If you try to deposit from another account Plus500 will stop the transaction. Withdrawals can be done to the account that was originally used to deposit your money.

Plus500 Customer Service

We have been in contact with Plus500’s customer service on a few different occasions and can assure you that they are very efficient. Unfortunately, they are not available on the phone which can be limiting if you experience issues related to your computer, internet connection, or trading account.

Instead, you need to contact Plus500 via a live chat feature on their website or via a contact form/email. We recommend that you use the chat since it is the fastest option and because the staff is knowledgeable and can help you with pretty much anything. The chat’s opening hours differ quite a bit depending on where you are located and what office you’re trying to reach. When the chat is closed, you can send them an email or fill in the contact form. Plus500 guarantees that all inquiries sent by email will receive a response within 24 hours.

For simple questions and minor problems, you can use Plus500’s FAQ. In the FAQ, the most common issues are listed as well as information regarding their platform, services, and features. We appreciate that many of the answers come with video clips showing how to solve the issue.

Plus500 FAQ

First things first: Who is Plus500?

Plus500 is a trading company based in Israel. They offer trading opportunities to traders from all over the world in the form of CFDs. This means that you can trade on pretty much any underlying asset using Plus500. In addition, Plus500 is one of the leading brokers on the market.

What can you trade with Plus500?

Plus500 offers CFDs or Contract for Difference, which lets you speculate on underlying assets. That means that you can use Plus500 to trade stocks, commodities, forex (fiat currency), cryptocurrencies, and more

What are the benefits of Plus500 compared to other brokers?

There are several reasons why Plus500 is better than most brokers, too many to mention all. However, we will try to mention the most important:

They are regulated and licensed
They have a solid reputation
They are available in 30 countries
They offer leverage, margins, and tight spreads
They have a safety features that limits your losses to the money available on your account

How does Plus500 make money?

Plus500 charges fees for all transactions done on the platform. But don’t worry, the fees are minimal and do not affect the value that this broker offers. The size of the feed depends on market, conditions, amount, etc.

What accounts does Plus500 offer?

Plus500 currently offers two types of trading accounts. The first one is a regular trading account used to trade with real money. The second account is the Plus500 demo account used to practice trading in a risk-free environment using virtual money. Demo accounts are a good way to test out new platforms but also to evaluate strategies.

How do I register a trading account?

Registering an account with Plus500 is easy. All you have to do is follow any of the links on this page, submit some personal information such as name, address, and phone number, and then you make your first deposit to start trading. Alternatively, you submit your information and start using the demo account without a deposit.

How do I verify my account?

In order to withdraw any wins from your trading account, you first need to verify your identity. The verification process is industry standard and it’s required for the safety of you and your funds.

To verify your account with Plus500 you will have to submit a copy of your identification, either a passport or a driver’s license. You will also have to submit a verification of your address such as a utility bill. Also, if your preferred payment method is a credit or debit card you will also have to submit copies of both sides of the card.

What platform does Plus500 offer?

Plus500 has developed their own trading platform and it is one of the better versions on the market. When the platform was first launched it was only available on Windows computers but nowadays it is available on most popular devices.

The Plus500 platform is easy to use and it doesn’t take long to get used to. In fact, we really enjoy the Plus500 platform and even prefer it over some other options.

Is Plus500 available on mobile devices?

Yes, Plus500 has a dedicated mobile trading app that can be downloaded to both iOS and Android. That means that you can use Plus500 on your iPhone, iPad, smartphone, and tablet and trade CFDs wherever you are.

How do I deposit money to Plus500?

You have three choices when it’s time to deposit money to Plus500:

● Credit or debit card
● E-wallet (PayPal and Skrill)
● Bank transfers

Note that the options might vary depending on where you are and that some of them require extra verification. Also, don’t forget that you will have to withdraw your wins to the same account that you used to deposit the original funds so you need to make sure it’s an account that you have easy access to.

Are there limits for deposits?

There are several limits for deposits and they differ quite a bit depending on the method you’ve chosen. They can also be affected by the margins you use or any limitations that Plus500 decides you need.

The first deposit needs to be $200s or more, after that you are allowed to deposit smaller amounts. The high limits differ from user to user and region to region. We suggest you contact the Plus500 support for more exact answers.

How do I withdraw money from Plus500?

Withdrawing money from Plus500 is easy. First, you need to visit the “Fund Management” page where you can decide to withdraw money. Then you choose your preferred method and withdraw the amount you need. Note that you have to withdraw the money to the same account they were deposited from.

How long does it take to withdraw my money?

Plus500 processes all withdrawals (if the account is verified and all other information is correct) within two business days of the request being submitted. After those two days when the money has been released it is up to the payment provider you’re using to perform the payment.

That being said, e-wallets are usually the quickest option for payments.

Are there limits for withdrawals?

Plus500 has some limits for deposits depending on how much you want to withdraw, what method you’re using, etc. The best way to control what limits apply to you is by contacting Plus500’s support team.

Does Plus500 offer leverage?

Leverage is built into all of Plus500’s assets and the amount of leverage and margin can be adapted to your needs and experiences. Leverage and margins increase your chances of winning large amounts just don’t forget that leverage trading is associated with inflated risk and extra carefulness is required.

Can I trade cryptocurrencies with Plus500?

Plus500 offers CFDs on cryptocurrencies. At this point in time, Plus500 offers Bitcoin, Ethereum / Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and IOTA.

Can I trust Plus500?

There is no doubt that Plus500 is a trustworthy service that you can use for all your investment needs without ever having to worry. They are not only fully regulated with a license from one of the toughest commissions in Europe, but they also have a great reputation among past and current customers.

Is Plus500 a publicly traded company?

Yes, Plus500 is currently traded on the London Stock Exchange which is additional evidence of how trustworthy and serious this company is. There are many requirements one needs to fulfill in order to conduct an IPO, and Plus500 has managed to do so.