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Plus500 is one of the stellar CFD trading brokerage firms in the world. This trading firm has been a revolutionary brokerage firm in it field bringing new CFD instruments into the market for its clients to participate in.
It is important to know that Plus500 is a registered company in three countries; this is a good sign of reliability and accountability.
They are registered as Plus500UK Ltd in the United Kingdom under the registration number 07024970; apart from this it is also regulated with the Financial Conduct Authority and it has the license number 509909.
These regulatory frameworks are meant to protect the company and in turn protect its clients from any forms of malpractice.
Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any rights to the underlying assets. Please consider our Disclosure documents available on our website.
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500 Ltd is listed on the AIM, section of the London Stock Exchange. They have increased their visibility and feel in the finance industry by being part of the companies that sponsor Atletico Madrid.
Plus500 Review on Account Types
Plus500 offers one account only; it is a standard account that has a minimum deposit of £/€/$100. This account is one size fits all type of account. Everyone gets the same quality services at Plus500, as long as you are verified and you are legible and you have made the required deposit, then you are good to go.
They also offer a maximum leverage of 294:1, which is good for traders who do not have a lot of money to put into their accounts. The leverage is a double edged sword though, it can maximize your chances of making a proper profit or it can be detrimental and you may end up losing your whole account.
Plus500 offers a whole lot of trading instruments, over 2000 tradable assets from 20 markets around the world. These are more than enough for clients who want to have a hand in different asset classes. They were also the very first brokerage firm to introduce Bitcoin CFDs into the market.
Plus500 Review of the Trading Platform
Plus500, have not gone the way of many but decided to take on their own path when it came to their trading platform. Many brokers opt to go for what is widely used and that removes the aspect of originality form the picture.
As a broker Plus500 decided to go forth and create their own trading platform that fit their clients’ needs. Their unique trading platform is a proprietary platform that has the functionality of what other popular platforms offer. It has charts on various time frames, different order types, and partial close functionality.
These are just a few from many other functions it possesses. The trading platform has been made into various forms:
- The web trader
- The mobile platform
- The windows trader
- The windows 10 trading platform
All these are platforms where the trader can just sit back and trade with no fuss at all.
Deposits and Withdrawals
Plus500 has an array of payment methods that give the client a chance to choose the most suitable one. The client can choose from Skrill, an online payment service, credit and debit card payments, wire transfer, and lastly PayPal.
With all this deposit and withdrawal options it is obvious you will not have a problem making and receiving your payments as a client.
There is only a minimum amount required to process a withdrawal (£50 or £100, depending on the payment method).
Plus500 Review on Education
Plus500 does have an educational page although it is set as an instructional tab. It offers guides on how to go around various aspects of trading. Aspects such as risk management, money management are covered.
Introductory guides to different asset classes and the basics of running and using the trading platform. These are some of the educative material found on their website. Many traders will find this information credible and useful in their trading careers.
Customer Support
Plus500 has a good customer support, with clients from all over the world with different support needs they will need to have a very comprehensive support team. They have their support services in more than thirty languages; these are more than enough languages to cover the needs of their clients.
They also have an e-mail service that is supported by their support team who are available for 24 hours. This means that every client within Plus500 no matter the time zone, they will always have someone to answer to their needs. Also they have a live chat.
Conclusion
Plus500 has achieved to offer quality CFD broker services that are renowned around the world. These services have been well structured to ensure every individual who comes into their brokerage firm will have something that fits them.
They have a quality proprietary platform that has helped their clients get the best from their trading activities. They are also a well documented and regulated broker and this is a positive aspect to the clients because it gives them a sense of insurance that their funds are in safe hands.
Their vast portfolio makes them desirable because they have options when it comes to tradable instruments, lastly their customer support service is exemplary but with an addition of a live chat they can push their customer support to a whole other level. I will recommend this broker for your CFD trading needs.
