Plus 500 Review
Introduction and Background information
Founded in 2008, Plus500 is publicly traded on the London Stock Exchange’s (LSE: PLUS) and is part of the FTSE 250 Index. Building 25 Matam, Haifa, 319160, Israel
Account types
Plus500 has a minimum deposit of €100
Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $100
Instruments
Plus500 offers 2033 CFDs, including on 50 currency pairs, which is slightly higher than most forex brokers. All of Plus500’s products are CFDs. Plus500 allows cryptocurrency to be traded as a CFD
Education
The broker is, however, starting to roll out educational video content under its Trader’s Guide series.
Plus500 incorporates an economic calendar powered by Dow Jones on its WebTrader platform, and which is also available on the broker’s website. Plus500 also shows trader sentiment data, which can be useful to gauge consensus.
Plus500 incorporates an economic calendar powered by Dow Jones on its WebTrader platform, and which is also available on the broker’s website. Plus500 also shows trader sentiment data, which can be useful to gauge consensus.
Regulation
Plus500 (or one of its subsidiaries) is authorised by the Financial Conduct Authority (FRN 509909), Cyprus Securities and Exchange Commission (Licence No. 250/14), ASIC (AFSL #417727), FMA in New Zealand (FSP No. 486026), FSCA in South Africa (Provider #47546), and the Monetary Authority of Singapore (License No. CMS100648-1).
Plus500 web-based trading platform as extremely user-friendly, making it excellent for beginner forex and CFD traders. Beginners aside, the Plus500 platform offers only basic features and, overall, lacks in depth when it comes to trading tools and research. Lastly, MetaTrader is not offered.
Plus500’s flagship platform include trailing-stops and gaurunteed stop-loss orders (GSLO), which can be helpful risk management tools for traders.
Plus500’s WebTrader platform provides robust charting with offers over 100 optional technical indicators alongside the ability to save chart templates. Also, there are 21 drawing tools in the charts to aid in technical analysis.
Deposit and Withdrawals
Deposit Methods: VISA, MasterCard, Local Bank Transfers, PayPal, Skrill
Withdrawal Methods: VISA, MasterCard, Local Bank Transfers, PayPal, Skrill
Fees (spreads/commission)
On the EUR/USD, the spread in the platform was listed as fixed at 0.6 pips, yet it is essential to note that while fixed spreads are not variable, they are subject to adjustments.
Plus500 doesn’t publish “average” spreads, which can help traders get an idea of what spreads are like at a broker, it is challenging to compare Plus500’s prices to other firms at any given time.
Execution
Customer Support
+972 4-689-2154
Promotion
Conclusion
