Plus 500 Platform Review
Plus 500 is one of the largest CFD brokers, and they give traders a large choice of assets to trade. Basically anything you want to trade is available on their trading system. From major Forex pairs to minor currency pairs, plus all commodities, stock market indexes, and shares from all major exchanges.
Crypto Currency traders will find eight popular currencies available at 30:1 leverage. They have Bitcoin, Bitcoin Cash, NEO, Ripple, Monero and Ethereum.
Many investors choose to use their simple and user friendly web trader platform. If you would like a more advanced trading then download their desktop trading software. Of course Plus 500 offers you a mobile app for iOS, Android, and Windows, for easy trading on both your Tablet and Phone. The order entry screen includes a few different setting for traders to manage their risk, and lock in profits. They include the “Trailing Stop”, Only Buy When Rate is”, “Close at profit”, and “Close at loss” features, see here.
They support multiple methods for funding your account including; Credit Card, Bank Transfer, and Skrill.
Plus 500 License
When reviewing and comparing CFD and Forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a licensed broker is that in the event that the broker becomes insolvent, your money is protected. CySEC in Cyprus protects up to €20,000 of money in your trading account with the Investors Compensation Fund. The FCA in England protects up to £50,000.
Plus500 Ltd is listed on the AIM section of the London Stock Exchange. They hold a license in four countries.
- In Australia, they are licensed and regulated by ASIC, and they trade under the name Plus500AU Pty Ltd. Their AFSL licensed number 417727.
- In the United Kingdom they are owned by Plus500UK Ltd and authorised and regulated by the FCA (Financial Conduct Authority), with licensed number 509909.
- In Europe they are operated by Plus500CY Ltd which is licensed and regulated by CySEC with license number 250/14.
Smart investors always choose to trade at regulated broker instead of a scam broker, because their funds are secure.
Compare Plus 500
There are many CFD Forex brokers to choose from online, and each one has their own unique features.
Disclaimer: Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.