Plus500 is one of the most popular online brokers worldwide. It is licensed by the UK Financial Conduct Authority and is authorized to offer Contracts for Difference (CFDs) in the country. The service is offered for more than 2000 instruments, including a huge variety of currency pairs, which means you can basically use the company’s CFD service on almost every currency pair or other asset imaginable. Its CFD service is more suitable for experienced traders. Beginners are advised to train their trading skills in the company’s unlimited Demo account until they feel confident enough to trade for real money.
Plus 500 has its own proprietary trading platform. It comes in 3 different versions – the Windows trader, WebTrader and its mobile apps. The platform is reliable and easy to use. It offers real time graphs and tables and various risk management tools. Its most interesting feature is the all-inclusive interface, offering all information required in only one window. The Plus500 WebTrader platform doesn’t require any download and can be used online from any computer. Mobile apps are available for ios, android and windows devices and offer the same functionalities of the online platforms.
Risk Warning: 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500.co.uk offers contracts for difference (CFDs) on 50 currency pairs, which means that you can find a CFD on every major currency pair in the market. Additional asset types include indices, commodities, ETFs (Exchange Traded Funds), options and a huge variety of shares from the US, UK, Germany, France, Italy and many other markets. All in all the company offers more than 2000 instruments for CFD trading.
Demo account is available to download after registration. There are no limitations and you can practice your CFD trading skills and learn how to use the company’s trading platform for as long as you wish, using demo money.
The minimum deposit to open a real money trading account is 100€.
Leverage possibilities vary between the different asset types.
Spreads vary depending on the assets. Spreads start from as low as 2 pips, which is the spread for EURUSD - The most popular currency pair in the forex market.
Customers have several options to deposit and withdraw their money, including Visa and MasterCard, Skrill (MoneyBookers), bank transfers and PayPal.
Plus500 Ltd is listed on the Main Market of the London Stock Exchange. In addition they are operating with license in several countries:
Plus500UK Ltd authorized & regulated by the FCA (#509909).
Plus500CY Ltd authorized & regulated by CySEC (#250/14).
Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546.You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Customer support is available 24/7 and can be contacted via a contact form in the site.
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Please be aware that trading the financial markets is one of the riskiest investment forms possible and may result in substantial losses.