|Platform||Windows Trader, WebTrader, Windows 10, Android App, Windows Phone App, iPhone App/iPad App/Apple Watch App|
|Minimum account size||$100|
|Minimum lot size||0.05|
|Spread on EUR/USD||Dynamic|
|Payment methods||Visa/MasterCard, Skrill, Wire Transfer, PayPal|
|Demo account||Unlimited time|
|Accepts USA traders||No|
|Regulated||FCA(UK), ASIC(Australia), CySEC(Cyprus)|
|Support||Email, Live Chat|
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities and indices, alongside innovative trading technology.
Plus500IL Ltd is a company registered in Israel, licenced to operate a trading platform from the Israel Securities Authority. It should be noted that the authorisation given by the ISA to use the trading platform does not constitute a confirmation in relation to the quality of trading, the trading instruments offered in the system, or a confirmation that the investment is safe or recommended. Plus500 Ltd is listed on the London Stock Exchange’s Main Market for Listed Companies, and headquartered in Haifa.
Plus 500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from your Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1). The company currently offers a portfolio of over 2, 000 instruments. Plus500SG Pte Ltd is usually a subsidiary of Plus500 Ltd, a company outlined on the Birmingham Share Exchange’s Main Marketplace for Outlined Companies ( PLUS ).
Client Money Protection
Highly Rated CFD Provider
Plus500 is one of the highest rated CFD trading apps upon Apple’s App Store and Google Play as it is simple to work with yet powerful in its many advanced features. It also includes CFDs on popular financial instruments.
What distinguishes and sets In addition 500 from the rest of their competition is that they developed without the help of any third-party providers their engaging and easy-to-use platform.
In the highly cut-throat and competitive world of brokerages, what is highly admirable with In addition 500 is they independently developed their own set of platform instead of soliciting the solutions and depend on third-party service providers.
Below are the platforms that they offer as of this writing:
- Web Trader
- Windows 10 Trader
- Android App
- iPhone / iPad
- Windows Phone App
Ensure that your smartphones or tablets meet the minimum requirements so that you can successfully download the mobile app.Generally, the applications will work on most devices unless your unit is over 10 years old.
Financial institutions are very strict and do always keep their guards high with regards to their particular platform’s stability, confidentiality, proprietary and security.
Website and Platform Design
The look and feel are all seamless and uniform. No way you will get lost every time you switch accessing their very own program via the internet, using your personal computer or through your phones like an iPhone or an Android smartphone operating system.
Getting familiar and the ability not to be confused nor get lost about its interface is surely a win-win factor intended for traders who are taking the trading business seriously.
As you see how the website looks, there are lots of white spaces. Having an off-white background and easy-to- read fonts, all their minimalist approach is geared towards to focusing only to trading.
Whether you are in Real Money mode or Demo setting, you get to browse through and scan the whole platform without any interference or perhaps any hindrance.
Plus500 has creatively adapted such a minimalist approach for it is very practical and free from trimmings that is extremely applicable in websites and systems alike in the vast worldwide web, mobile applications and downloadable versions of applications.
It is a known fact that to get beginners and newbies as well in the trading industry, money would always be a main concern.
To a certain few, it might not a limited resource but to the others, to a lot of people, remaining liquid at all times is a daily challenge.
it requires $100, to set up a trading account.
There are other brokerages that require a huge sum of money in setting-up an account thus limiting opportunities to trade for those who are interested to test the waters of the trading business. cific deposit channels like PayPal, Debit/Credit Cards and Wire Transfers have their own minimal deposit level.
Plus500 has initiated that the only kind of account you may open or create with them is an individual account.
Everybody there are all the same. Everybody holding an individual account gets to enjoy the same benefits and perks since there are no tiered memberships.
This rational simplification enables opening a trading accounts with Plus500 more attractive, more appealing, making the brokerage company well-liked by many persons from all walks of life.
Their entrepreneurial strategy makes them palatable to the masses, to the public who have been waiting for this kind of arrangement, opening doors to many so to speak, which pertaining to a long, long time never existed.
It is no secret as you will be able to see in their FAQ page that those people who wish to create an account are limited to opening one individual account with Plus500.
After opening a person account, you also gain access to the demo consideration but of course, no one would like staying in this function all the time. We are in the real world where cash makes the globe go round so you need to step out of your comfort zones so you’d would want to level up and use the REAL CASH mode of the program.
But in order to reach this stage, you need to have your bill verified. No one is exempted to undergo this very essential procedure. If you’re unable to complete the verification process, you are therefore not allowed to use the Real cash mode.
The following are needed for identity verification:
A government-issued ID or identification document showing all of the itemized information below:
- Your photo
- Your identity number
- Your complete name
- Your birth date
- The ID/document’s expiry date
- A record showing proof of residency, conspicuously showing the full name and address. This residential confirmation document should be issued by a financial institution, utility company, government agency or a judicial authority and can be one of the following:
- Bank statement
- Credit card declaration
- Electricity bill
- Water or gas expenses
- Council tax bill
- Tax letter
- Phone costs
- Cable or perhaps television providers bill
- Internet bill
A lot of us are very aware of creating medical data, maybe for a phone app, an online magazine subscription and an avalanche of enticing gives called unlimited usage.
But knowingly at the back of the minds, we already are set for unmet expectations meant for we already know that there’s nothing that can be used for free.
Plus500’s demo account will not expire. You can use it anytime and anywhere you like.
Plus500 has a whole gamut of instruments and they have covered a selection of categories:
Currencies are staples in the trading market and Plus500 offers the most popular currency pairings
This includes the most liquid and heavily traded with the likes of EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD and NZD/USD.
They also offer other currency pairings which you can explore freely on their platform.
With Additionally 500, there are a wide selection of commodities to choose from.
You are able to invest not only on the most popular ones like oil but other varieties such as Brent oil, heating essential oil, gasoline, low sulphur gasoil and natural gas.
They also present gold and other valuable metals including silver, copper and palladium.
You can also trade on soft commodities such as for example coffee, corn, cocoa, soybeans, sugar and wheat.
Their indices have 2 groups:
The Country Indices category has most of the popular international indices which includes Germany 30, USA five-hundred, USA 30, Japan 225, ASX 200, Netherlands 25, Swiss 20 and US-TECH 100.
On the other hand, the Sector Indices is definitely an unique asset type which is usually not offered by other brokers out there. These specialized indices track the performance of particular sectors so you can spread out your potential profit/ loss via a single instrument rather than selecting stocks.
These are currently the available sector directories from And also 500:
- Cannabis Stock Index
- UK Brexit High 50 Index
- Crypto 10 Index
- China Net Giants Index chart
- NYSE FANG+ Index
- Lithium & Battery Index
- Gaming Giants Index
- Real Estate Giants Index
You may trade shares from almost all popular markets in the UK, USA, Germany, Italy, Hong Kong, Japan, Ireland, Australia, Singapore, Spain, Austria and moreץ You may also invest on popular cannabis shares which include Aurora Marijuana, Tilray, Cronos Group, GW Pharmaceuticals, Canopy Growth and Aphria.
You can execute a Call and Put options about various indices, shares and commodities and take advantage of the market volatilities via this category.
Minimum Lot Size
Plus500 has a lot size of 0. 05 which is why it is getting a large score.
This is only a general guideline giving you an idea but this might vary depending on the brokerage’s definition of a standard lot.
This is highly recommended for it will help clients never to be fully invested on a particular money thus, enabling them to disseminate their deposits to ensure that they can order others.
It would be more practical and easier to enter and exit a Forex trade with whole lot size want 0. 05.
A pip is an acronym for “percentage in point ” and is defined as the difference between the prices of a currency pair. These changes may be for the benefit of one currency at the expense from the additional or vice versa.
Pip values are extremely important every time you want to enter into Forex currency trading. The higher the pip, the higher your chances you earn more from a successful trade so always remember to put in your mind the right timing once you decide that you want to enter and exit a Forex trade.
Plus500’s spreads are considered to be tight and in to be in the upper class amongst its competition in the brokerage sector.
the standard turn-around time of 3 days, withdrawal requests are processed on time.
It may not be the fastest yet it’s still a quick way of handling drawback requests.
Trustworthiness is a badge of honor for Moreover 500 knowingly and proactively assuring its clientele will get to receive the money that are rightfully and truly owned by the respective clients.
At this point, you will realize how Plus500 takes their customers seriously.
The following shows how to withdraw cash:
Go to Money Management, click on Withdrawal and choose your preferred disengagement method.
Fill in the required fields and select Submit.
Questions, queries and inquiries all mean the same and are awaiting answers, and usually the need to be immediate.
Nothing sucks when you discover that the well-written and well-intentioned email you seriously pondered upon, thinking that your query are certain to get to receive the utmost attention was simply set aside or perhaps on a worst case scenario, gets to be totally ignored.
No one would let go, especially when it involves funds until they get to receive the answer they really deserve.
Knowing that an organization you are patronizing and accustomed with is really acquiring you significantly is a great motivation in continuing business with.
This will surely mean a lot to you. To be given the best answer in the proper time with no unreasonable delays and that’s just how Plus500’s customer support is generally up to the task as they truly met our expectations.
Plus500 can be reached applying two channels: though email and live chat.
- Very stable platform
- Attractive spreads
- Zero commissions
- Unlimited use of demo account
- Fully regulated by FCA, CySEC and ASIC
- USA traders not accepted
- No Metatrader platforms