Top Options
80%/ 100
Type of Broker: Forex, CFD
Payout: N/A
Min Deposit: $500
Min Trade Amount: 0.01 lots
US Clients:
Free Demo Account:
Max Trade Amount: Unlimited
Leverage: 1:200
Fees:
Fees: No fees charged
Number of Assets: >100
Types of assets: Forex, stocks, indices, ETFs
Option Types: Buy/Sell
Expiry Times: N/A
Charting Package:
Trading Signals:
Market Analysis:
Education: Yes

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Full Review

This review offers an exhaustive insight into Plus500, a forex broker that provides a non-obligatory, no-deposit forex bonus. Find out more.

Introduction

Plus500 was founded in 2008 as a specialized CFDs trading software for financial instruments like stocks, commodities, ETFs, forex, and market indices across over 20 markets worldwide. The company is owned and run by Plus500 Ltd, which is listed on the London Stock Exchange and boasts a market capitalization figure that was said to exceed $1 billion in as far back as 2014. Today, the firm runs numerous subsidiaries under the Plus500 brand. Plus500 covers US, UK, European, and Asian exchanges. The company prides itself as being professional and transparent, with excellent human interaction capabilities. On Plus500, traders are not obligated to buy or sell assets, as the platform allows them to speculate on price movements merely. Also, traders can enjoy Bitcoin CFD trading on the network.

Plus500 does not accept clients from Libya, Iran, Iraq, Nigeria, Belgium, France and the United States. However, the top rated broker admits clients from other parts of the world. The trading platform itself is comprehensive and user-friendly, so you won’t face any difficulty navigating its interface.

Regulation

Plus500 is authorized and regulated by several financial authorities. These include:

  • In the UK, the company operates as Plus500UK Ltd and is overseen by the Financial Conduct Authority, FCA (FRN 509909).
  • In Cyprus, the firm functions as Plus500CY Ltd and is authorized and regulated by the Cyprus Securities Exchange Commission, CySEC, with license number 250/14.
  • The Australian Securities and Investments Commission, ASIC, administers the Australian, South African, and New Zealand Plus500AU Pty Ltd (AFSL #417727).

Is Plus500 Scam or Legit?

Some of the top questions we get asked on a daily basis border on the authenticity of Plus500. As such, we believe that establishing the legitimacy of the trading platform will be a long way in setting the records straight. On this note, we can confirm that Plus500 is authentic owing to the following reasons:

  • Since it launched, Plus500 has continued to build its reputation as a dependable and reliable broker. The company is at the forefront of continuously introducing products and services that enhance clients’ trading experience on the platform.
  • As it is a publicly listed firm, Plus500 has made transparency a watchword, which is particularly useful when you wish to find out the state of the company’s finances. You stand to know what state the company is in whenever you have doubts about their operations.
  • As discussed above, Plus500 is regulated in three different jurisdictions, including the UK, Australia, and Cyprus. This means that traders who use the platform will enjoy some form of protection, as their funds are protected from fraud and business malpractices. Also, all customers’ funds are held in segregated bank accounts in compliance with the regulatory agencies’ client money rules.

Plus500 Legit Trading Software

Plus500 offer their customers some of the most cutting edge proprietary platforms for trading. These include:

  • Desktop trading platform. This platform is subdivided into a downloadable and web-based client application. The web-based platform does not require a download to use. This makes the program readily available from any location in the world, so long as it is acceptable. The downloadable client application, on the other hand, requires a customer to download the software to their device before they can use it.
  • Mobile Platform. In addition to the desktop trading platform, Plus500 is also offered as a mobile trading program for traders who wish to execute trades on the go from the mobile devices. The mobile version is available for Android, iOS, and Windows. The software is very stable and works seamlessly.

Plus500 App’s Special Trading Tools

The Plus500 trading platform features several exceptional trading tools such as:

  • Price Alerts. Price alerts notify a trader when a trade has hit a specified price. It is a helpful tool that helps keep a trader in the know of developments in the financial markets.
  • Close at profit. This risk management tool allows a trader to close a trade automatically once it attains the desired profit level.
  • Close at loss. This tool automatically closes a trade if it reaches a designated stop loss level.
  • Guaranteed stop. The guaranteed stop tool helps guide against potential losses regardless of whether a slippage occurs. The tool is particularly helpful in extremely volatile markets.

Asset List

Plus500 provides a robust trading platform that allows traders to trade CFDs on 2000+ assets across several markets worldwide. More specifically, the instruments are categorized into:

  • Plus 500 offers indices such as US-TECH 100, ASX 200, UK 100, Spain 35, USA 2000, Germany 30, and USA 500, among others.
  • Traders can buy and sell forex pairs like EUR/USD, EUR/GBP, AUD/JPY, USD/JPY, EUR/JPY, NZD/USD, GBP/JPY, USD/CAD, AUD/CHF, etc.
  • This category consists of oil, silver, copper, sugar, cocoa, and gasoline. Others include wheat, soybeans, coffee, cotton, and so lots more.
  • Plus 500 allows traders to trade Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, and NEM.
  • Traders can deal in ETFs like FAZ, SPY, iShares EU50, QQQ, GDX, XME, FXE, iSHares AEX, SPDR ASX 50, and AGQ, among others.
  • Traders can trade some of the most popular shares from the US, UK, Germany, Australia, France, Japan, and other nations.
  • Traders can trade options like Germany 30, UK 100, Netherlands 25, USA 500, DeutscheBank, and many more.

Transaction Methods

Deposit and withdrawals can be made on the Plus500 platform using the following methods:

  • Credit/Debit cards. You can conduct transactions using cards like VISA, MasterCard, etc.
  • Wire Transfer. Plus500 supports seamless bank transfers.
  • Digital Wallets. Plus500 supports e-wallets like Skrill and PayPal.

Customer Support

The customer support services at Plus500 are to be admired. The personnel have good manners and are detailed and organized. They convey information in a clear, concise tone. Support is available 24/7 and can be reached via email at [email protected] A live chat option is also available.

Conclusion: Plus500 is Legit and Authentic

Plus500 is a legitimate company. Plus500 is a broker of the highest level and quality with a rich list of financial instruments to trade. The platform allows new users a demo option to enable them to fine-tune their trading skills before they can deposit real money. New traders are given a $20 welcome bonus upon opening a real trading account. This is in addition to a First Deposit Bonus that is available to all traders.