Plus500 Reviews – Is this a Reliable Platform?

Founded in 2008, in Israel, Plus500 is a CFD trading platform on over 2000 securities and asset classes. Regulated by several recognized global authorities, the company is both stable and secure. Additionally, Plus500 offers a wide range of short-term and long-term financial products. But can we really trust this platform? We explain everything in this Plus500 review

Who is Plus500?

Created in Israel in 2008, Plus500 is a reliable, simple and reliable CFD trading platform. A subsidiary of the Plus500 Ltd group based in the United Kingdom, this broker is regulated by several authorities on the stock markets. In addition to offering a wide selection of financial trading products, Plus500 can stand out with tight spreads, leverage of up to 1:300 as well as fast and accurate execution of trading orders. So, the reviews on Plus500 are rather favorable. Indeed, we can say that this broker offers a certain number ofvantages considerable. However, as it is a CFD broker, it does not offer Plus500 spread betting.

To offer its services to European traders, the broker is present in Europe via a subsidiary in Cyprus and London. It is one of the reliable Australian brokers. According to Regafi data, the broker's head office is located at 45 Moorfields London EC2Y 9AE in the United Kingdom:

Plus500 in a Few Key Figures

ECN Broker or Market Maker?

Plus500 operates as a Market Maker. Thus, it provides itself the market prices that it offers to its customers. Also, when a trader makes a transaction on the platform, an automated system is set up as a hedge to protect the broker against possible risks of loss. In addition, transaction operations are carried out very quickly.

Founded in 2008 in Israel and owned by Plus500 Ltd in the UK, Plus500 is first and foremost an international company known for its CFD trading services. In addition to its headquarters in Israel, the company has a subsidiary in the United Kingdom, Cyprus, Australia and Bulgaria. Its success began in 2011 when it reached 2 million monthly transactions. Thus, a mobile application on iPhone and iPad is launched to allow customers on the move to take advantage of online trading.

Plus500 Broker AMF or not?

In addition to being recognized and regulated by various control bodies around the world, Plus500 is also authorized by the AMF or the Banque de France. Thus, thanks to Plus 500 amf, it has access to European financial markets.

Plus500 French, does it exist?

First of all, as an authorized and regulated European company, Plus500 Ltd can operate in France. However, according to French regulations, clients will only be able to register for a Limited Risk Account on the trading platform. Thus, potential losses will be limited to protect the customer. Moreover, in this kind of account, the client will only be able to choose between leverage up to 1:50 and up to 1:100.

Rewards Received by Plus500

Currently, the broker has not yet received any awards per se. However, according to the specialized press, no Plus500 broker review has revealed any fraud. In fact, no Plus 500 scam reviews have been found on the Plus500 forums. In addition, the broker even stands out for the quality of its customer service. Also, the Plus500 mobile trading application gets a very good rating on Google Play Store and Apple Store.

Plus500 Regulation

To make the right choice of broker, regulation is an important element to consider. Indeed, this one influences the opinions on Plus500 a lot. This platform is regulated by several global financial market authorities. Thus, we can cite the different jurisdictions and control bodies such as:

• ASIC- Australia: The Plus500 branch in Australia is authorized to operate by the Australian Securities and Investments Commission or ASIC.
• CySEC- Cyprus: Plus500 is authorized and regulated by the Cyprus Securities and Exchange Commissions.
• FCA – United Kingdom: With this branch, the company is regulated by the Financial Conduct Authority.
• FSCA – South Africa: Plus500 is also regulated by the Financial Sector Conduct Authority or FSCA in South Africa.
• MAS – Singapore: Plus500 SG is also regulated by the Monetary Authority of Singapore, the central bank of Singapore.

Can you trust Plus500?

If Plus500 is regulated by several global financial authorities, it also has numerous licenses, namely 3 level 1 and 4 level 2. In addition, to gain as much visibility as possible, the broker does not fail to publish its reports each year. and financial results. Also, to reassure beginners in trading, protection against negative balances is put in place to limit investment losses. However, only beginners will be able to claim this protection. However, this is not offered to professional traders or non-EU residents. All the same, the different types of financial security are offered to the trader depending on his country of residence. So, we can say that Plus500 offers perfectly reliable transactions.

Scams on Plus500

Plus500 scam opinions are quite numerous, despite the assurance provided by regulations and security. Indeed, several customers have complained about withdrawal problems, concerns about the interface but also about the security of the platform.

What Protections for Client Funds?

To ensure the utmost security of customer funds, Plus500 claims that all funds are held in separate customer bank accounts. These separate accounts must comply with the rules of the Financial Conduct Authority. Also, the broker reassures traders by using only its own funds in the context of hedging transactions. Moreover, he is not one of the brokers who encourage speculative positions on the market. To this attitude is then added the protection against the negative balance. Thus, Plus500 reviews on protecting client funds are often favorable.

Broker Reviews

What Type of Account is Plus500 recommended for?

Unlike other brokers in the financial market, Plus500 is one of the few that only offers one type of account to traders. Indeed, it only offers the standard account to serve its customers. Thus, the latter will not have the possibility of doing short-term trading. Moreover, opening a standard Plus500 account is very fast and is done entirely online. However, the broker requires identity verification as a security measure before trading on the platform.

The fact that Plus500 only offers one type of account to its customers has demonstrated rather negative reviews about it. However, it stands out by allowing traders to choose the base currency of their account. Thus, you will be able to open a Plus500 account in euros, dollars or any other currency of your choice. You can then use the same types of currencies on your bank account and your Plus500 account. Also, to delete Plus500 account, the procedure is quite simple. Indeed, it does not take much time and can even be done through the contact form by a written termination. However, it will take a little longer to withdraw the money left in the account.

However, even though Plus500 offers its customers only one type of account, it offers both modes: real and demo.

Real Money Mode

First, during your plus500 login, you have the option of opting for Plus500 demo mode or real money mode. For their part, experienced traders switch directly to the real mode. Moreover, since the platform is simple and convenient to use, then they will know perfectly well how to trade on Plus500.

Demo mode

Secondly, you can also opt for a demo account to do a Plus500 simulation. It's about trading Plus500 with virtual money but with the same conditions as on a real account. Thus, beginners will have the chance to experience the Plus 500 trade and get a taste of the field before getting started with real money. Moreover, you can use the demo trading account without any time limit and for free.

Plus500 Fees

Firstly, Plus 500 fees are among the most expensivevantageux on the market. In fact, Plus500 is remunerated only in spread. Thus, it does not charge traders any commission. The Plus500 broker also takes into account overnight fees. These are the Plus500 rates which apply to the account when a position is kept open for more than one day. Other Plus500 custody fees are also worth considering apart from trading fees.

Spreads

First, the Plus500 spread, which is the difference between the selling and buying price of an asset, is the only fee on the Plus500 trade. The spread payable will vary depending on the asset concerned. For example, for the EUR/USD currency pair, the average spread will be 0.6. For the DAX, Plus500 broker forecasts an average spread of 1.2. As for the average spread for Plus 500 CAC 40, it is 1.

Plus500 Forex Spreads

Plus500 Index Spreads

Plus500 Commodity Spreads

Commissions

Plus500 does not charge fees on your trades, as it is only remunerated in spreads. Thus, no commission will be collected by the broker.

Overnight Fees

This is an overnight funding amount that is applied to your account when you hold a position beyond a certain time. Similarly for Plus 500 premium, overnight charges are applied whenever a position is left after a certain hour limit.

Other expenses

Lastly, in addition to these different fees mentioned above, Plus500 may also charge you other fees. These are the Plus500 withdrawal fee of €10 and the Plus500 transfer fee of €5. Plus500 account transfer advices are then impacted by these costs. But besides bank withdrawals, other operations are almost all free. Also, in case of account inactivity for 3 months, Plus500 charges you a fee of 5€ each month.

The Instruments Offered by Plus500

In addition to its many Plus500 reviews which make it a renowned broker, Plus500 also offers more than 2000 financial instruments to traders. So, we can find all the most traded instruments on the financial market among those of the broker Plus 500. Thus, among the wide selection of instruments, we can therefore cite:

• Forex with nearly 50 currency pairs;
• ETFs;
• The actions;
• Commodities (oil, natural gas, gold plus 500);
• The clues;
• The options.

The Leverage Offered on Plus500

First of all, leverage allows the trader to multiply his exposure to a financial instrument without risking all the necessary capital. So, by trading with leverage, you only commit a portion of the value of the position. This trading can also be called margin trading. Thus, traders will have the choice to trade Plus 500 with high, low or no leverage.

In 2014, following requests from its clients, Plus500 leverage was increased to 1:10. This feature is one of the plus points of the Plus500 platform. As a CFD Plus 500 broker, traders can enjoy leverage of up to 1:30.

Plus500 Trading Platforms

If Plus500 broker offers a wide range of financial instruments, its offer in terms of platform remains somewhat limited. Indeed, Plus500 only offers its platform to traders who will therefore not have more choice. It therefore does not offer any third-party platform. However, the WebTrader Plus500 is both a modern and easy to use platform. Plus500 then gives access to 3 different platforms: WebTrader Plus 500, Windows Trader and Mobile Trader.

Thus, the trading platform does not offer Plus500 Metatrader or Plus500 mt4 to traders.

WebTrader Plus500

First, it's about trading on Plus 500. It's a fast, simple alternative that doesn't require any downloads. It is a state-of-the-art trading platform that allows users to access financial instruments in the market instantly. In addition, it perfectly meets the needs of traders, beginners or experienced.

Windows Trader

Then this method is to use Plus500 trader through a Windows operating system. The platform provides its customers with a quality windows application to enjoy a better trading experience. On the other hand, Plus500 trade on Windows can be a little more complex and requires a download.

Mobile trading apps

Lately, this is a possibility for traders to use the Plus 500 platform on mobile devices such as a tablet, smartphone or iPhone. Indeed, this alternative allows users to enjoy a high quality mobile application wherever they are. Plus500 android app and plus500 iPhone are therefore very practical for traders using iOS and plus 500 mac. Moreover, over 500 app download is very perfectly accessible to everyone. Also, videos are made available to traders on how to use Plus500. These videos make it possible to limit the risks of loss of money or false manipulation of the platform to novice traders.

Comparison of Trading Platforms Plus500

Plus500 Slippage and Order Execution

The Plus500 broker applies an ideal order execution policy to satisfy traders' expectations as much as possible. Indeed, the platform offers the best order execution on behalf of its clients. Thus, the speed but also the execution of orders in the interest of the trader are ensured by Plus 500 platform.

Additionally, Plus500 is a Market Maker or Market Maker, so it may have lower entry requirements compared to an ECN broker.

Plus500 Trading Analysis Tools

To ensure the protection of traders and their investments, Plus500 offers various analytical tools to its clients. Thus, these tools allowing them to make the right decisions are:

• Economic calendar: Firstly, this tool allows traders to know in real time about important events and market launches.
• Risk Management Tools: These are practical, simple, and powerful tools that allow you to manage your risks. They include limit orders and stop-loss orders added to your trades when opening a new position or modifying an existing one. Trailing stops, on the other hand, are a trade protection tool that safeguards a position against adverse price movements.
• Alerts: Alert tools can take the form of email, SMS, or push notifications. These can include alerts on prices, hourly or daily percentage changes, and trader advice. The trader will then be notified on all their devices as needed.
• Chart analysis tools: In addition to these technical instruments, chart analysis tools will also be added to help master trading on Plus500. These will allow for a better understanding of Plus500 prices.

Plus500 Training

The training part represents one of the weak points of the broker Plus500. Indeed, the training offers are quite limited on Plus500 trading. So, many newbies are expressing their disappointment about the lack of Plus 500 explanation on the Plus500 forums. Finally, new traders do not have the opportunity to undergo any preliminary training before embarking on Plus 500 trading.

However, plus 500 guide videos to understand plus500 how it works. Indeed, these are practical videos that allow you to learn more about Plus500 online trading and understand how the plus500 CFD platform works. Then you can do your first experience with the demo account to get a taste of trading on Plus 500.

How to Become an Affiliate with Plus500?

Like many brokers in the financial market, Plus500 has set up an affiliate program to increase its professionalism and reputation. Indeed, the broker offers its clients to promote the trading platform on its website. In return, the trader will be able to take advantage of his traffic and then receive commissions. In addition, marketing solutions will be offered to affiliates to optimize their visibility while getting people talking about Plus500 broker cfd. Also, an assistant will be available to the partner to help him make the right marketing decisions.

The Plus500 affiliate program is recognized for its quality. In fact, it won the award for best forex affiliate program at the 2015 iGB Affiliate Awards. Thus, Plus500 reviews on affiliation are often favorable among customers. This is the reason why many affiliates choose it around the world. Among the avantages of the Plus500 affiliation, we can also talk about the very interesting payouts. Indeed, the system is particularly attractive for affiliates by allowing them to receive up to €800 from each trader registering on the platform via a tracked link.

Customer Service Notice

Like all brokers on the market, a customer service is in place to allow traders to learn about the platform. Indeed, agents will be on hand to answer any questions you may have about Plus500 trading, fees and commissions. A professional and qualified team will be at your service whatever your needs. In addition, customer support is available 24 hours a day and support is fast.

However, Plus500 customer support is only available on email and live chat only. Lack of phone support often leads to negative Plus500 customer service reviews.

How to Contact Plus500?

• Via live chat: Plus500 agents often respond quickly. Furthermore, they are available 24/24.

• Via email on the platform: If you have more specific questions, you can send an email to the broker.

• No hotline available to contact Plus500.

Comparison of Plus500 with Other Brokers

To get an idea of ​​what Plus500 really offers, a comparison with the other best-known brokers on the market is in order. Thus, our comparison demonstrates the main characteristics of each broker and what makes them different from the others.

Plus500 vs eToro

After a comparison made to choose between Plus 500 or eToro, reviews tend more towards Plus500. Indeed, Plus500 reliable broker has won the trust of traders. It offers an easy to use platform and a wide selection of financial instruments to trade. Also, Plus500 offers a minimum initial deposit of €100 much lower than that required by eToro which is $200. And even though it is one of the best-known brokers on the financial market, eToro does not allow its clients to benefit from reduced spreads. However, eToro offers a greater training section to allow beginners and new traders to better understand trading. On both platforms, over 500 paypal withdrawal/deposit and eToro are possible.

Plus500 vs. IG

The IG broker slightly outweighs Plus500 by offering more tradable financial instruments. In addition, IG offers in addition to its own trading platform, a popular platform like MetaTrader 4, which is not part of Plus500's offers. However, Plus500 wins with a minimum initial deposit of €100 against £205 for IG. Moreover, with Plus500 25€ welcome bonus, the broker is ahead of the competition such as IG. Also, while you can download Plus 500 for iPhone, Windows, and Android, IG only offers mobile apps for iOS and Android.

Markets.com vs. Plus500

The comparison between Markets.com and Plus500 is not very simple, because both brokers offer approximately the same offers.vantages. So, the choice will mainly depend on your trading needs. Indeed, to benefit from reduced spreads on your trades, Plus500 is the best option to consider. On the other hand, if you want to use popular trading platforms such as MT4 and MT5, Markets.com is a better choice. Additionally, Markets.com offers a larger number of currency pairs to traders.

Negative Points on Plus500

Even though Plus500 has manyvantages considerable as a broker, it remains very little imposing compared to giants such as Vantage, eToro . Indeed, despite its attractive spreads, some traders claim rather negative opinions on Plus500. For example, it has been shown that the broker tends to block on certain withdrawals when a trader is trading aggressively.

Moreover, with its non-existent training offer, Plus500 does not allow new traders to benefit from a developed experience of online trading. Also, some reviews also claim that Plus 500 is scamming its customers. This comes in the form of repeated errors, problems at the interface level or also concerning security. But still, the platform seems to be slow and inefficient even when very few people are using it.

In Summary: Avantages and Disadvantages of Plus500

After having noted all the important points about Plus500, we can highlight the different avantages and davantages of this broker.

Avantages of Plus500 CFD broker

• First, Plus500 is a broker regulated by several regulatory bodies and authorities.
• Unlike other brokers in the financial market, Plus500 offers the choice of the base currency on the account of its users from a wide range of currencies.
• Then Plus500 trading fees are more avantageux compared to industry standards.
• Thanks to the Dealing Desk, the broker has the possibility of setting its ranges independently. Thus, Plus500 tariff can be particularly low at thevantage of its traders.
• Then, commissions and spreads are low compared to the competition.
• Also, a wide selection of financial instruments to trade is offered to you.
• Minimum initial deposit of $100.
• Up to 5 free withdrawals per month.

Disadvantages of Plus500 broker

• First of all, PLus500 broker is not available in the United States or Canada.
• Second, the material available to traders for training is very limited.
• Also, it is not recommended for beginners, because almost 75% of traders on the platform lose money.
• Moreover, it demonstrates a lack of depth, yet necessary for trading professionals.
• Also, the interface of the plus 500 mobile trading app is simple, with an attractive trade plus500 logo, but nothing special.
• No full platform such as Plus500 metatrader MT4 or MT5.
• Among other things, Plus500 applies fees in the event of account inactivity for more than 3 months.
• Also, under the terms of the user agreement, no trading methods such as Plus 500 scalping are allowed with the broker. Thus, Plus 500 scalping is prohibited.

Is Plus500 the Best Forex Broker?

Listed on the London Stock Exchange, Plus500 is a reliable site that publishes its results in addition to having the authorization of many control bodies around the world. With a user-friendly and easy-to-use platform, Plus500 is equally suitable for beginners and professionals.

However, despite its regulation and its numerousvantages, Plus500 forex reviews do not place it among the best brokers on the financial market. Indeed, there is still a way to go in terms of the quality of the training offered to traders, the trading conditions offered, as well as the diversity of financial instruments and platforms available.

With its welcome bonus, its leverage, its trading tools, its choice of varied assets and its safe and competitive trading conditions, Vantage seems to us to be the best Forex broker.

Is Plus500 a Regulated Broker?

Regulation is one of the most important points to consider when talking about a broker. Plus500 is a broker regulated and authorized by several jurisdictions around the world. Indeed, all subsidiaries are regulated by the respective authorities of each country on whose territory they operate. In addition, the broker is listed on the plus500 stock exchange in London.

What is the Minimum Initial Deposit at Plus500?

On registration, Plus500 happens to be one of the few brokers that does not require a minimum deposit. Indeed, the broker offers a Plus 500 bonus to new traders on the platform. A plus500 bonus 25 euro in real money is granted to the latter as a welcome. Thus, they will be able to make a first investment on the platform.

How much is the Plus500 Commission?

Plus500 does not charge fees on trades. In addition, the broker does not take a commission, because it is remunerated only in spread. Indeed, no Plus500 trading commissions will be charged to your account.

Do you have to pay taxes on your Plus500 income?

If at the end of the year, your balance is positive, it means that you have made a profit. So, you have to pay tax plus 500 on those profits. However, it all depends on the jurisdiction of your country and the tax rate to be applied according to the law.

Can You Experience Trading with a Plus500 Demo Account?

Indeed, Plus500 offers its traders the opportunity to experiment with trading on a demo account before getting started with real money. Thus, you can familiarize yourself with the interface and the essentials of trading.

Are MT4 and MT5 Platforms Offered by Plus500?

Unfortunately, Plus 500 support does not feature the Metatrader 4 Plus500 or MetaTrader5 platform. Indeed, the broker only has mobile applications for iOS, Android and Windows such as plus500 mac. However, these applications can perfectly compete with the popular MT4 and MT5 platforms for their efficiency, performance and reliability.

What is the Best Alternative to Plus500?

Our trading community particularly appreciates the following brokers: Vantage (for its welcome bonus and leverage), Axi (for its advanced trading tools) and eToro (for its simplicity).

Have you used Plus500 before and want to share your experience? Leave us a comment !