The New Plus500 Review 2020

Legit Or Scam? Read On To Find Out

Plus500 is one of the principal providers of contracts for the difference (CFD), whose free demo account for life is a good starting point for novice traders to gain confidence before their first real offer. Since its founding in 2008, Plus500 has acquired the reputation of being one of the most reliable and professional online CFD brokers. Traders are comfortable knowing that all their subsidiaries are authorized and regulated by the main regulators.

CFDs attract traders because they allow them to trade stock price movements without selling or buying the underlying asset. The innovative Plus500 trading technology enables account holders to access CFD trading with more than 2,000 instruments. Plus500 WebTrader has a simple design, and it is easy to use, making it one of the important CFD trading platforms. This Plus500 review covers everything you need to know about the trading platform and what it takes to open an account. We also discussed the main advantages and disadvantages of the broker.

Cons and Pros

Pros

  • Available in more than 35 languages.
  • Demo account
  • Over 2000 trading instruments (more variety of products than most other brokers)
  • Reliable agent
  • Very user-friendly trading platform (compatible with mobile devices)

Cons

  • Monthly inactivity fee if you haven’t used your account for three months
  • No phone support (live chat and email only)
Plus500
Access unlimited trading options by using this authentic Plus500 link-> HERE 

What You Can Trade With Plus500

Plus500 offers clients access to CFD trading in seven categories of financial instruments.

  • Cryptocurrency traders can buy or sell the most popular cryptocurrency CFDs on the Plus500 platform.
  • Forex Plus500 Forex CFDs protect all major currency pairs, including GBP / USD, EUR / USD, and EUR / GBP.
  • Index CFDs are available to hedge popular indices worldwide, including the NASDAQ 100, United States 500, and France 40, with leverage.
  • Options Plus500 provides flexible CFD trading options for the following stocks and indices. CFD options
  • Over 500 stocks allow you to trade CFDs with popular stocks from the UK, America, Germany, and others.
  • More than 20 CFDs of raw materials are available for trading on the Plus 500.
  • The ETF Plus500 offers CFDs to more than 90 ETFs.
Register now by using this authentic Plus500 link-> HERE

In Which Countries Does Plus500 Work?

Plus500 is accessible in more than fifty countries and more than thirty languages.

Fees

Charges Plus500 and Plus500 Fees receive the main compensation because of the market demand/supply differential. Traders should check the Plus500 website for current spreads. In addition to the differential, customers will benefit from the following Plus 500 rates:

Overnight funding: When a position remains accessible after a certain period, an overnight rate is added to or subtracted from an operator’s account. The frequency, which varies from instrument to instrument, is displayed in the “view all details” link next to the instrument name on the Plus500 instrument category page.

Inactivity fees: more than 500 commissioners charge a monthly inactivity fee of $ 10 if they do not use the platform for three months. These Plus500 fees only apply to real money accounts and only if the merchant has sufficient funds. Traders simply need to log into their accounts regularly to avoid these charges.

Guaranteed stop order: traders who wish to ensure their position is closed at a specific price, can pay wider Plus500 spreads to carry out these transactions.

Currency Conversion Fee: transactions in instruments denominated in a currency other than the currency of the operator’s account are subject to a currency conversion rate. The rate can reach 0.3% of the net gains and losses realized during the transaction. This translates in real-time into unrealized net gains and losses in an open position.

Plus500

Plus500 Account Options And Requirements

Plus500 offers three types of accounts:

Plus500 offers different levels of leverage, depending on the CFD product and the type of account used (retail or professional).

Plus500 demo account: Plus500 offers a demo account with no time limit, and this enables traders to open an account in minutes without the verification procedure required for the retail account. The demo account allows traders to test ideas and familiarize themselves with the platform in a risk-free environment.

Users of the demo account will see the same design as a retail user. It also has all the values ​​available for real money traders. Plus500 replenishes funds from the demo account when operators fall below certain levels.

Plus500 Retail Account: Opening a retail account on Plus500 is easy. After selecting this option on the registration page, operators are directed to the registration page, where they fill in basic information and click on the “Create Account” button.

Although the demo account is available immediately, it should be mentioned that you will need to complete the Plus500 verification process before making your first real money transaction.

Register now by using this authentic Plus500 link-> HERE

Plus500 Professional Account

Plus500 offers a professional customer account for merchants who meet certain criteria. This unique premium account offers the following features:

  • Greater leverage for certain instruments
  • Merchants can return to a retail account at any time
  • The same benefits to protect money offered to customers with a retail account
  • The same negative balance protection provided in a retail account

Merchants who choose a professional account lose access to the Financial Ombudsman Service (FOS). FOS is an independent organization created to resolve disputes between financial institutions and their customers.

Plus500

Verification Process

Before you start working with Plus500, you need to go through identity and home address checks and a background check.

To pass the Plus500 identity check, you need a government-issued identification form, such as a passport, which contains the following: full name, date of birth, identification number, photo, the expiration date of the passport.

To successfully verify the Plus500 home address, you must provide one of the following: bank account statement, electric bill, credit card statement, council bill, tax bill, telephone bill, water or gas bill, television service bill.

To verify the origin of the funds or to prove that you are the legitimate owner of these funds, you may need to verify one of the following: debit card/credit card or bank account/credit card credit.

Plus500

Deposits And Withdrawals

Depositing money into an account is quick and easy. Merchants click the Manage Funds tab on the home screen and select “Deposit.” The operators then select the storage method they prefer, fill in the required information, and click on “Submit.”

Deposits

Plus500 customers can choose from three deposit methods. The minimum deposit varies depending on the payment method, but starts at $ 100 (electronic wallet) and can go up to $ 500 (bank transfer). The updated values ​​are displayed on the deposit screen of the trading platform. The below payment methods are accepted: Credit cards / Visa or MasterCard, Electronic wallets (PayPal, Skrill, iDeal, BPAY, Klarna, Giropay, Trustly), and bank transfers.

Withdrawals

All withdrawal requests are subject to a minimum withdrawal amount. Plus500 generally processes requests within 1 to 3 business days. The minimum withdrawal amount for credit cards and bank transfers is $ 100 (or the equivalent in your currency).

The minimum withdrawal amount for Skrill and PayPal is $ 50 (or the equivalent in your currency). Plus500’s stated policy, where possible, is to return funds to the same form of payment from which they originate.

Try the Plus500 Software verified by our team by clicking -> HERE

Plus500

Is It Safe To Use Plus500? 

The nature of its business means that the Plus500 manages customer money and sensitive user data, such as credit card data and passwords. There are significant security and risk management features to protect customers.

  • Protecting Money for Customers: Plus500 keeps customer deposits in separate trust accounts, which are managed per regulatory requirements. It also offers protection in the event of liquidation of the Plus500.
  • Risk management functions: Plus500 offers several tools to help customers manage their risks. This includes the Stop Limit / Stop Loss, Guaranteed Stop, and Trailing Stop tools. Also, the company makes announcements on price developments and market events.
  • SSL: The Plus500 platform is protected by an SSL (Secure Socket Layer), which automatically transfers confidential information to a secure environment.
  • Two-factor authentication: Besides sending a user name and password during authentication, Plus500 offers two-factor authentication to confirm the user’s identity. The confirmation code, sent by email, application, or phone, expires after a few minutes.

Plus500

Online Trading Platform

The Plus500 platform is available in different formats: Web Trader, iPhone / iPad, Android application, Windows 10 Trader, and Windows Phone. It comes with advanced charts, where you can add your indicators, select different chart views, such as bar and candlestick charts, and edit charts directly.

Risk management features include:

    • Stop Loss / Trailing Stop
    • guaranteed stop
    • Free notifications by email and push for market events
    • Alerts on price movements,% change and feelings of traders

You can test all the demo account features and connect via Facebook to simplify and speed up. The platform is intuitive and easy to use.

Register now by using this authentic Plus500 link-> HERE

Mobile Trading Platforms

Plus500 offers its exclusive trading platform on mobile phones. The platform is available on Android, iDevices, and Windows phones. The main features available on the mobile application are:

    • Trade as you go.
    • Free emails and push notifications at market events.
    • Notice of percentage changes and price changes.
    • Monitoring of finances and connection of bank accounts.

Plus500

Customer Service

Plus500 customer support is available in multiple languages. The site is accessible in 32 languages. There is no telephone assistance. Support is available 24 hours a day, 7 days a week. Channels are:

  • Live chat: available 24 hours.
  • The “Email” form is available on the website for assistance, particularly for applicants.
  • Social network: twitter.com/Plus500; Facebook.com/Plus500; Instagram.com/Plus500 and more.google.com/Plus500

Webchat assistants are very fast and efficient, as they only needed 15 seconds to respond to chats.

Social media platforms are also active, updated regularly. But there aren’t many customer responses or comments on these channels. However, support on these channels is fast and generally responds within a few hours.

Plus500

Final Verdict

Plus500 has been operating in the brokerage industry for a decade. They have 317,000 customers worldwide. They are appropriately regulated in four different countries, including Australia, the United Kingdom, and Cyprus. The trading platforms are simple, easy to use, fast, and secure. Platforms that can be used on multiple devices and operating systems are available to work in various situations.

Some features of Plus500 trading include:

    • Transactions denominated in more than 2,500 financial instruments, including indices, commodities, currencies, stocks, options, and cryptocurrencies.
    • Various licenses and regulations in different countries.
    • Different spreads and zero trading costs.
    • Advanced risk management tools, including guaranteed close orders and dynamic close.
    • Dedicated multilingual customer support, available 24 hours a day, 7 days a week.
Try the Plus500 Software verified by our team by clicking -> HERE

We Rate Plus500 4 Out Of 5 Stars

Plus500


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