|Official site: www.plus500.com||Found in: 2008|
|Regulation: FCA, CySEC, ASIC, MAS||Min. Deposit: $100 US|
|Headquarters: Israel||Leverage: 1:30 – EU/UK/ 1:300 – AU|
Today, Plus500 is one of the top providers of CFDs or Contracts for Difference. The broad choice, attractive leverage, and advanced technical solutions make this regulated brand stand out. Discover key advantages of trading via this broker today.
Geography and Regulation of Plus500
Plus500 is a trademark of Plus500 Ltd. The brand is a rapidly growing provider of CFD trading on the territory of Europe and Asia. At the moment, its portfolio includes 2,000+ instruments. Plus500 has more than 200.000 active customers in 2020.
The broker boasts a physical presence in several countries. The heart of the organization has a number of subsidiaries. Each is licensed in its respective jurisdiction.
- Plus500AU Pty Ltd is an Authorized Financial Services Provider in South Africa.
- Plus500UK Ltd is authorized and regulated by the FCA in the United Kingdom.
- Plus500CY Ltd authorized & regulated by CySEC in Cyprus (№250/14)
- Plus500SEY Ltd is authorized and regulated by the FSA in Seychelles.
- Plus500SG Pte Ltd is licensed by the Monetary Authority of Singapore.
As a regulated broker, Plus500 complies with all industry standards in terms of the protection of clients’ funds. First, their deposits are kept separate from the corporate funds. CFDs are leveraged products that imply risks to lose the invested capital.
How Does Plus500 Work?
The broker gives access to a broad range of markets and instruments. This enables clients to diversify their exposure and keep losses under control. So, how does Plus500 work exactly?
Clients may open an account online and use cutting-edge platforms for market access. The minimum deposit for any instrument is only 100 Euros (for a Standard account). Training via a demo account is always free and unlimited, which is the norm for all respectable brokers. Here is what Plus500 offers today.
1. Cryptocurrency CFDs
All crypto coins (Bitcoin, Ethereum, Crypto 10 Index, Litecoin, NEO, Ripple, and many more) are traded with leverage. This ratio reaches 1:2 (You can find out more about the amount of leverage on the Plus500 website).
2. CFDs on Indices
The range includes some of the most popular equity indices from North America, Europe, and Asia. Clients may trade CFDs on USA 500, US-TECH 100, Hong Kong 50, Germany 30, and France 40 with leverage up to 1:20 (You can find out more about the amount of leverage on the Plus500 website).
3. Forex CFDs
The broker provides over 60 FX pairs, all leveraged. The most liquid choices like EUR/USD and GBP/USD are a tap away. Using progressive trading technology, clients can make profitable decisions and limit their risks. Leverage reaches 1:30 (You can find out more about the amount of leverage on the Plus500 website).
Advanced features like Stop Loss, Guaranteed Stop, and Stop Limit are used to secure desired profit levels. Clients also receive free access to live quotes and a wide range of indicators.
4. CFDs on Commodities
The company has CFDs on a wide range of popular commodities like Gold, Oil, and Silver in its offerings. You may also trade heating oil, copper, palladium, corn, and more. Leverage reaches 1:20 (You can find out more about the amount of leverage on the Plus500 website).
5. CFDs on Popular Shares
Clients have access to different stock markets, both American and European. Spreads are tight, and leverage reaches a spectacular 1:5 (You can find out more about the amount of leverage on the Plus500 website). The company’s sophisticated trading tools allow easy control of profits and risks. Stocks of the largest corporations like Facebook, Microsoft, and Apple are at your fingertips. Both bullish and bearish markets may be capitalized on.
6. CFDs on Options
The broker offers call and put options on indices, commodities, and stocks. Flexible CFD-based schemes have up to 1:5 leverage (You can find out more about the amount of leverage on the Plus500 website).
7. CFDs on ETFs
Finally, clients may trade popular Exchange Traded Funds (ETFs). All products (including SPDRUSA500, VXX Volatility, and many more) are leveraged up to 1:5 (You can find out more about the amount of leverage on the Plus500 website). Limit orders and stops allow clients to take only carefully calculated risks.
Plus500 Login: Accounts and Technology
In order to access the market, clients use the company’s proprietary multi-asset trading platform. It works with a demo or a live plus500 login. Both types are registered online. The second option requires identity verification and a deposit. It comes in two formats.
1. Retail Account
This is the standard choice available worldwide. It opens access to the following instruments:
- 70+ FX pairs;
- 14 cryptocurrencies;
- market indices;
2. Professional Account
This type is available to customers who need to meet 2 from 3 criteria:
- Sufficient trading activity in the last 12 months
They must have performed an average of at least 10 transactions per quarter, of significant size, over the previous four quarters on the relevant market (with Plus500 and/or other providers).
- Financial instrument portfolio of over €500,000 (including cash savings and financial instruments)
They are not required to deposit this amount.
The size of the financial instrument portfolio exceeds €500,000.
- Relevant experience in the financial services sector.
Work/have worked in the financial sector for at least one year in a professional position that requires knowledge of the related transactions or services.
The accounts are only opened for traders based in the EU and the UK. Leverage reaches 1:300. It is possible to downgrade to a retail account at any time.
Clients of Plus500 use the company’s proprietary technical solutions. The multi-asset terminal may be used as a desktop or a mobile system. The app is one of the highest-rated ones in its category in both Google Play and App Store. The broker prides itself on its strong ties to major banks around the world, which allows it to provide high volumes, attractive prices, and excellent execution.
The website does not include a Plus 500 contact number as the broker prefers to communicate with clients by email. They may fill in a special form in the “Contact Us” section of the site. The reply will be emailed to the address they specify.
Conclusion of Plus500 Review
This broker is a global CFD trading provider. Clients access a rich selection of markets, from currencies to ETFs. The software allows the creation and management of diversified portfolios. As a responsible broker, Plus500 informs clients of all risks of CFD trading.
Plus500 is a regulated broker licensed by several regulators, including the FCA. In addition, there are four types of limit orders. As CFDs are always leveraged, these features are crucial. They allow clients to keep risks under control. The only inconvenience is the absence of a hotline number.
Conclusion Summary table
|Regulation:||CFD provider regulated in Cyprus, UK, Singapore, Australia, New Zealand and South Africa|
|Instruments:||Some of the greatest CFD product range including Cryptocurrency|
|EUR/USD Spread||0.6 pips|
|Base currencies:||10 base currencies offered|
|Education:||A rather limited range of educational materials and no trading course in general or live webinars.|