Plus500 Review: Pros & Cons | 2023 Update
This Plus500 review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Plus500 to give you the most comprehensive guide available.
Plus500 is a reputable trading partner that was founded in 2008. They have around 403 staff that help the company provide Online trading platform, to 1,000,000+ clients through Web Trader, Tablet & Mobile apps.
Plus500 Guide – Read our In-Depth Plus500 Review
Plus500 Rating: 7.36 / 10
This Plus500 review page contains information about investing with Plus500. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
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Please note that due to regulations, the content in this review of Plus500 does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Plus500 review contains the latest info about Plus500.
If you're a new entrant in the world of online trading and brokerages, so many details will no doubt be confusing for you. Getting into the world of online trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all of the concepts of online trading and brokerages while you continue trading. For starters, you need to choose the right agent who will always be transparent with you.
Within this fast-paced universe of financial markets and trading, you will need guidance to make proper decisions. A professional, direct investment online broker could assist you in minimising any potential losses and maximising any profits. Plus500 is just one such stage which can assist you. It is important that you understand all you can about any broker until you trust them with your cash.
When engaging in online trading with platforms such as Plus500, it's crucial to meticulously examine Plus500 as your broker, as this choice can determine your success. Selecting the right broker is vital for your Plus500 investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and comprehensive in your Plus500 broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of Plus500, its track record, and reputation is vital. Moreover, ensure the Plus500 broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, Plus500 should be a reliable companion on your trading journey.
Our team has strived to simplify the intricate world of trading with Plus500 into easily understandable information in this Plus500 review. Our goal is to equip you with the knowledge necessary to confidently use Plus500 trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Plus500 are the cornerstone of successful trading. As such, we've provided this in-depth Plus500 review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about Plus500 and how it can work to your advantage, or if Plus500 might not be the right fit for you.
Plus500 Review for 2023 – Brief Summary
| Plus500 Telephone: | +972 4-818-9503 |
| Plus500 Support Email: | |
| Plus500 Address: | Bldg 25 Matam, Haifa, Haifa, Israel |
| Year Founded: | 2008 |
| Regulated By: | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Hedquarters: | Israel |
| Minimum Deposit: | $100 |
| Number Of Clients: | 1,000,000+ Plus500 users and traders |
| Plus500 TrustPilot: | https://uk.trustpilot.com/review/www.plus500.com |
| Plus500 LinkedIn: | https://www.linkedin.com/company/plus500-official-page/ |
| Plus500 Facebook: | https://www.facebook.com/Plus500 |
| Plus500 Facebook Likes: | 206,534 |
| Plus500 Twitter: | @Plus500 |
| Plus500 Twitter Followers: | 91,700 |
| Plus500 Instagram: | https://www.instagram.com/plus500/ |
| Plus500 Instagram Followers: | 15,800 |
| Plus500 Youtube: | https://www.youtube.com/channel/UC3doUPJ4ldwyESAjrlertJg |
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76.4% 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. |
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Our entire Plus500 review for beginners covers all you need to learn about trading via Plus500. A good broker can take your initial investments and help to protect it from losses but also provide you a platform that can help to give you profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment goals.
Of course, there's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
Plus500 is a trading partner that has paved its way successfully to the broker world. Within this review, we've tried to collate a number of the important facets of Plus500. This guide can help you to learn whether Plus500 is a good match for your investments or not. We've tried to breakdown all of the features and fees for your advantage.
Who are Plus500?
Plus500 is a forex broker with its head office in Israel and provides a variety of tools for trading. Since its inception in 2008 they have emerged as a top-tier player in the industry of online trading. Plus500 has a highly reputable and full-featured trading website that is focused on forex, indices, metals, sharesand commodities.
Over the past 15 years, Plus500 has grown into one of the best online brokers available to the public.
After establishing itself in 2008, their consumer base has become as large as 1,000,000+ clients.
Plus500 is a favourite for many stock dealers because of its negative balance protection. Our Plus500 account review found that they are a professional alternative for online trading solutions. They're best suited for investors who are looking for a variety of assets. Social and easy to use trading solutions are the heart at Plus500.
Technology plays a significant role in Plus500. They offers trading on Web Trader, Tablet & Mobile apps. Plus500 is honest, transparent, and also a well-regulated agent by the Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
Who Founded Plus500?
The founders of Plus500 are Shimon Sofer, Omer Elazari, Alon Gonen, Gal Haber, Elad Ben-Izhak, Shlomi Weizmann
The creators of Plus500 are famous for their experience in the sphere of online trading. However, there are a lot of other important employees at Plus500 who have a substantial impact on it's success.
The trader resource section at Plus500 is very enlightening for new dealers as it allows them to have a closer look in the financial markets. Plus500 caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
Plus500 Review Videos
Benefits of using Plus500 in 2023
Trading with Plus500 includes numerous benefits. These benefits are what sets Plus500 ahead of the rest of the online brokers. You need to check all the advantages listed so you have a better understanding of Plus500.
The broker goes to great lengths to understand what traders want. Consequently, the support, quick, and convenient. The broker also provides a variety of programs for all types of traders. Plus500 helps to ensure that the individual needs of all traders are met to the best of their capabilities.
Plus500 also features excellent trading conditions that are available to all and not only an elite class of institutional clients. The tight spreads and quick executions are a fantastic advantage for all traders. The technology adopted by Plus500 is among the maximum caliber, ensuring that it is fast, reliable, and effective.
Plus500 acknowledges the significance of having a fast order execution. A quick implementation enables users to exchange without worrying about slippage safely. It will also aid the traders to catch any opportunities.
Copy trading is another important aspect of Plus500. A new dealer can learn from business experts utilizing the automatic copy trading alternative. This means you can see well performing traders and instantly mirror their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Plus500 offers social trading which encompasses leading traders sharing their knowledge with the community. Plus500's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
Plus500 has over 2,000 trading tools to support all kinds of traders. These tools are dynamic and convenient for both the new and seasoned traders. All traders can set aside all their concerns when trading with Plus500.
Plus500 Overview
Year Founded: 2008
Regulated By: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
Hedquarters: Israel
Minimum Deposit: $100
Number Of Clients: 1,000,000+
76.4% 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.
If you feel that Plus500 is not right for you then at the bottom of this Plus500 review you will find a lot of alternatives to Plus500.
What you should know about trading with Plus500
Plus500 is a dynamic platform that offers various techniques of trading online. These instruments cover the financial markets substantially. Most of the brokerage platforms offer fewer procedures than Plus500
If you would like to trade with Plus500, you will require a minimum deposit of $100. This deposit is mandatory if you want to start trading with Plus500. This 2023 Plus500 review will guide you safely about trading with them.
Plus500 is as versatile as any other broker platform. Plus500 is great for traders who want a manageable selection of cheap services. The programs provided by Plus500 are third-party, white-label offerings. All traders may choose from Web Trader, Tablet & Mobile apps
Together with everything, Plus500 has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept open. The agents offer premium customer service that rewards customers with benefits.
Many unprofessional brokers try to pressurise users into larger funding for premium services. Plus500, though, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater benefits will become available.
Plus500 accounts are available all over the world and provides outstanding service everywhere they have clients. There are a few countries where Plus500 accounts are not available. Traders in the following countries cannot open or use a Plus500 account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Plus500 Safe To Trade With In 2023?
Established in 2008, Plus500 has been open for 15 years, they have a head office in Israel
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. These figures have rules that ensure that trading platforms have measures in place to keep investor's assets secured. This usually means that Plus500 users don't need to worry about their money as it's segregated and safely kept in established banks. SSL encryption secures every user's personal information also.
You can make use of a choice for Two Factor Authentications (2FA) with Plus500 for increased security. An SMS for the confirmation code will be sent to your mobile phone. You'll be asked to enter this code to log into your accounts.
Another concern with fiscal brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with users on the stage.
Plus500 Risk Disclaimer
76.4% 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.
Pro's & Con's Of Trading With Plus500
Every online trading platform will have some ups and downs, and no Plus500 review would be complete without having a balanced approach. This Plus500 review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Plus500 Pro's
Plus500 is highly rated by us.
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Plus500 has been trading for 15 years.
Plus500 offers customer support over the phone.
Plus500 provides customer support over email.
Plus500 gives access to customer support over livechat.
Plus500 is an award winning broker.
Plus500 offers negative balance protection.
Plus500 doesn't charge withdrawal fees.
You can trade Cryptocurrencies with Plus500.
Plus500 has over 100 employees.
Plus500 offers social trading.
Plus500 offers copy trading.
Plus500 allows commodity trading.
You can trade metals with Plus500.
You can trade energies with Plus500.
Plus500 Con's
Plus500 doesn't offer guaranteed stop loss. Plus500 charges inactivity fees. Plus500 doesn't allow scalping. Plus500 doesn't allow hedging.Compare Brokers Similar To Plus500
Regulation And Licencing In More Detail
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Plus500, as a business, has a strong set of rules for ensuring honest trading onto its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Plus500 Awards
Plus500 have won several industry awards over the years they have been operating as an online broker. We detail the most recognised awards for Plus500 below.
- In 2017 Plus500 was awarded ADVFN International Financial Awards Best CFD Provider.
- In 2019 Plus500 was awarded Ask Traders Best Forex Broker.
- In 2018 Plus500 was awarded FXEmpire Best broker.
- In 2019 Plus500 was awarded Day Trading Best Overall Broker.
- In 2019 Plus500 was awarded Day Trading Best Trading App.
Plus500 Trading Platforms
Plus500 are a trustworthy trading platform that has been open for over 15 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any reputable brokerage and compare Plus500 with Startrader, and freetrade.
Plus500 MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Plus500 in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Plus500 MetaTrader 4 is compatible with the latest macOS. Plus500 allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Plus500
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Plus500 MetaTrader 4 On iOS Devices
You can download the Plus500 app or also trade with Plus500 through the MetaTrader 4 application on the Apple app store.
Download the Plus500 MetaTrader 4 Program free of charge from Apple's App Store. Plus500 customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Plus500 MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Plus500 provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 1,000,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Plus500 MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to get started on Plus500 is $100. This is an adequate amount for people just starting out. You can make more complex deposits as you go along. But, make certain you know how to make the most of your money before investing larger sums.
Commission And Fees Explained
Plus500 is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of customers they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you are paying a spread, funding speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, Plus500 does not charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees charged by Plus500 are comparatively greater. Consequently, you are billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of resources.
This Plus500 review breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees Of Plus500
Plus500 Withdrawal Fees Explained
Plus500 doesn't charge withdrawal fees.Withdrawal of money is possible at any time from the Plus500 account. You can draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always have to have any money in your accounts.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the cardPlus500 will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are opting to draw in.
Plus500 Inactivity Fees Explained
Plus500 charges an inactivity fee if you don't create any trades for a while.
Even if no fees have been indicated by Plus500, it's better that you close the account if you are inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the agent beforehand.
Plus500 Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
Plus500 doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash onto the Plus500 trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit substantial sums.
Compare Plus500 Vs Other Broker Deposit Methods
What Can You Trade With Plus500 in 2023?
Note: Plus500 provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different based on the country of residence of the client.
Plus500 has a wide variety of over 2,000 instruments available for you to trade with.
If trading forex pairs is of interest to you then Plus500 offer over 100 forex pairs.
Compare Plus500, Startrader & freetrade below.
Plus500 Trading App Review
Note: Plus500's mobile app has a lot of functionality and is being developed all the time. What follows was accurate at the time of writing this Plus500 broker review.
Understand the capabilities of the mobile apps of Plus500, Startrader & freetrade below.
Trading Education Available At Plus500
Understand the trading resources available with Plus500, Startrader & freetrade below.
Plus500 Customer Support
In this Plus500 broker review we tested the customer service options including response times, and on the Plus500 trading platform problems solving effectiveness. Plus500 supports many languages including English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
Plus500 Live Chat Support
We tried the livechat experience with Plus500 and it works well. We sent messages via Plus500 livechat via their website and app and recieved a response after 10 seconds. Sometimes there was no response.
We tried communicating via Plus500 support in multiple languages and in various countries. Plus500 were successful in resolving customer problems.
Plus500 Phone Support
We called Plus500 and the call was responded to very quickly. It was responded to in less than 5-10 minutes.
The Plus500 phone support team was able to effectively address our questions and concerns via phone. We tried the multi-lingual Plus500 team by calling in varying languages. Plus500 made an effort to ensure that our questions were addressed.
Overall, the phone support from Plus500 was okay.
Plus500 Email Support
We sent several email to Plus500 and the response times were all excellent. The fastest email response time from Plus500 was 2 hours and the most slow response was 8 days! Sometimes , there wasn't a response. Support response times can vary for you at Plus500, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our questions. The overall average of email support provided by Plus500 was outstanding.
Alternatives To Plus500
If, after reading this Plus500 review, they do not quite meet your needs check out these Plus500 alternatives.
We have scoured the web to find the best alternatives to Plus500. Click on the links below to find out more.
Frequently Asked Questions
Can I try Plus500 before I buy?
Absolutely! you can most certainly try Plus500 before you buy. Plus500 offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account with Plus500, you may set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you choose to spend your own money.
With a digital Plus500demo account, you can experiment at all, to whatever length you desire. You might also start positions, test different trading approaches, and more.
Plus500 specifies on its official site that you can trade real time stocks in a demo account.
Is Plus500 safe?
It is possible to drop all of your worries because we believe that Plus500 is completely safe to use. It is in compliance with all the principles of Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Nevertheless, Plus500 doesn't have assured stop-loss protection.
Why does Plus500 ask for my passport?
The reason that Plus500 asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Plus500 has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Plus500 must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Plus500?
The process to start trading with Plus500 is super simple. You need to begin by signing up on the Plus500 website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Plus500 are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Plus500 is $100. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Plus500.
The best way to kickstart your trading career with Plus500 is to open a demo account facility before risking any real money
What funding methods do Plus500 accept?
There are a number of methods to fund your account with Plus500. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal is not available in every country. The currencies Plus500 accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, though it takes about 4-7 days.
Is my money safe with Plus500?
Yes, your money is safe and secure with Plus500. As you know, Plus500 works with proper conformation to regulations. It's established plenty of measures to guard all of its own investors.
Plus500 protects its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS confirmation that you get your accounts.
Is Plus500 trading good?
Yes, trading through Plus500 is a pleasant and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you could even obtain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries do Plus500 support?
Plus500 operates around the world. However, due to regulations Plus500 does not accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Plus500 legit?
Plus500 is a legit company headquarted in Israel since 2008. They are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. Plus500 is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Plus500 a good broker?
Plus500 is an excellent broker, and its own users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You'll discover the clean layout of the platform along with the admirable features that are pleasant to work with.
Is Plus500 a trustworthy broker?
Yes, Plus500 is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,000,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the Plus500 TrustPilot page
What is the minimum deposit for Plus500?
The minimum deposit to open a live account with Plus500 is $100
How long do Plus500 withdrawals take?
Normally, withdrawal of money from Plus500 is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Plus500 to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Plus500 regulated?
Plus500 are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
Is Plus500 a market leading broker?
Plus500 is currently one of the industry leaders. It supports over 1,000,000+ registered users and over 15 years of expertise on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad range of tools plus resources so that you can invest in capital markets.
Is Plus500 a con?
No, Plus500 is not a con. They are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 and must adhere to their rules. Thus, it is safe to say that Plus500 is not a scam.
Can you make money with Plus500?
Through Plus500, several traders earn a great deal of money. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, 76.4% 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.
This can look like a small number, but within the entire year, it quickly adds to a significant amount of gains. Even though Plus500 provide you all of the tools to earn money, they cannot guarantee you will gain.
Does Plus500 have fees?
Yes. To begin trading with Plus500, you need to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was Plus500 founded?
Plus500 was founded in 2008 in Israel. Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
How many people use Plus500?
Plus500 is a worldwide recognised broker with 1,000,000+ customers.
Where is the Plus500 head office?
Plus500 has its head office in Israel
Does Plus500 offer negative balance protection?
Yes, Plus500 has Negative Balance Protection. It's especially offered when the industry volatility keeps clients from letting their accounts go in the red. In a situation like this, Plus500 provides the ability to reset a customers account balance to zero.
You can go through the important stipulations on Plus500's website to comprehend their policies better.
Does Plus500 offer guaranteed stop loss?
Plus500, unfortunately, does not provide guaranteed stop loss. Plus500 provides a chance for its traders to close their trades at their given price. Apart from that, Plus500 does not provide guaranteed stop loss.
Does Plus500 allow scalping?
No, the terms and conditions of Plus500 don't allow scalping. It's a trading technique that is not permitted on the agent's platform. You should consult with Plus500's terms and conditions to see more about its own policies.
Does Plus500 allow hedging?
No, unfortunately Plus500 does not allow hedging.
Can you trade energies with Plus500?
Yes, you can trade energy stocks with Plus500
Can you trade agricultural shares with Plus500?
Yes, you can trade agricultural stocks with Plus500
Can you trade cryptocurrency with Plus500?
Yes, you can trade cryptocurrency with Plus500
Can you trade metals with Plus500?
Yes, you can trade metals with Plus500
Can you trade UK Shares with Plus500?
Yes, you can trade UK shares with Plus500
Can you trade US Shares with Plus500?
Yes, you can trade US shares with Plus500
Can you trade Japanese Shares with Plus500?
Yes, you can trade Japanese shares with Plus500
Can you trade German Shares with Plus500?
Yes, you can trade German shares with Plus500
Does Plus500 accept bank transfers?
Yes, Plus500 accepts bank transfers for depositing money.
Does Plus500 accept credit cards?
Yes, Plus500 accepts credit cards for depositing money.
Does Plus500 accept PayPal?
Yes, Plus500 accepts PayPal for depositing money.
Does Plus500 accept Skrill?
Yes, Plus500 accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 that offers a variety of online payment and transfer services.
Since launch, Skrill has expanded to be available in more than 120 countries and has a digital wallet that is available in 40 different currencies. Customers can transfer funds to their Skrill wallet through a variety of options for payment, including credit bank transfer, card and a variety of other payment options. The money can be used to pay merchants as well as other Skrill users, or transferred into crypto.
Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. The service enables customers to send money to an account at a bank overseas with their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former rival Neteller and the prepaid payment company paysafecard.
Skrill has several licenses that allow it to provide its services in Europe as well as globally. Skrill is managed via Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by the Central Bank of Ireland, for its European authorized operations. Skrill's operations outside the European Economic Area are operated by Skrill Limited - a company which is incorporated within the United Kingdom and regulated by the Financial Conduct Authority.
Does Plus500 accept Payoneer?
No, Plus500 does not accept Payoneer.
Does Plus500 accept Neteller?
No, Plus500 does not accept Neteller.
Does Plus500 offer Live Chat customer support?
Yes, Plus500 offers customer support through live chat.
Does Plus500 offer phone customer support?
Yes, Plus500 offers customer support over the telephone.
Does Plus500 offer email customer support?
Yes, Plus500 offers customer support through email.
What languages can Plus500 communicate in?
Plus500 has the ability to communicate and support customers who speak: English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
Does Plus500 have a wikipedia page?
Yes, Plus500 does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/Plus500
Does Plus500 offer demo accounts?
Yes, Plus500 offers demo accounts so you can test your trading strategies before risking any real capital. New traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
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