Plus500 Review and Tutorial 2019

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Our Plus500 review comprises everything in your Webtrader online trading system, to this cellular program and charges. Whether you’re wanting to login and trade Bitcoin, ripple or Oil, or else you simply need details about the demonstration account and minimal deposit, we insure all in this in depth review.
Plus500 is a top online Forex and Contract for Difference (CFDs) trading system that’s possessed by a holding company named Plus500 Ltd.. The Business is listed on the Main Market of the London Stock Exchange (LON:PLUS). Running via 3 Distinct subsidiaries:
Plus500UK Ltd,
Plus500CY Ltd
Plus500AU Pty Ltd..
Creating the new synonymous with reliability and security.
That is largely because of the simple fact that Plus500 (or subsidiaries) are controlled in many distinct jurisdictions around the globe. Along with being controlled around the planet, Plus500 is also an active host of specialist Soccer and Rugby teams. The company are the official host of Club Atletico de Madrid because 2016.
Regulation & Reputation
Since its beginning in 2008, Plus500 has made a reputation among traders in the internet community as being dependable and reliable. Plus500 Ltd is listed on the Main Market of the London Stock Exchange, whichalso can help to reinforce the broker’s standing as being financially secure. Concerning regulatory supervision, Plus500 subsidiaries are governed by Various regulatory agencies:
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL Number 417727, issued by the Australian Securities and Investments Commission has been authorised to issue the goods to Australian taxpayers.
Derivatives issuer permit in New Zealand, FSP #. 486026 authorises them to problem the goods to New Zealand residents.
Plus500AU Pty Ltd, can also be a licensed Financial Services Provider in South Africa, FSP 47546.
With subsidiaries as controlled entities below the UK’s FCA, ASIC in both Australia and also CySEC, Plus500 Can work with traders in Australia, Europe and the UK. Clients can therefore make the most of the advantages of being secure under the Financial Services Compensation Scheme (FSCS) and Investors Compensation Scheme. For complete particulars of this security these schemes provide, take a look at the site.
Trading Platforms
Although Plus500 utilizes a trading trading platform, the trading system (Webtrader) can cater to the various needs of their broker’s global clientele base, since it’s accessible across many unique versions.
There is a desktop edition of the trading system that traders may download and install on their computers. Professional and retail accounts work on exactly the exact same platform. This generates pros and cons but using innovative research tools beside the capability to perform trades at a user friendly manner that the platform performs nicely.
For people who would like to trade straight on the world wide web, there’s a online variant of the trading system that may be obtained using any web browser. There’s not any integration using MT4 currently.
The vital distinction between the Webtrader trading system along with the programs supplied by other brokers in the business is the simple fact that Plus500 trading platforms operate seamlessly with one another.
Plus500 Mobile Trading Platforms
Mobile Trading
A mobile version of the trading system can be readily available to traders who would like to trade the markets utilizing only their telephones or cellular devices. Provided at no charge, the cell trading program can be downloaded straight from Google Playstore or even Apple App Store.
The cellular program is fully working, and provides all of the trading options the internet based version will. It’s a single click on download, and trading through the program is fast and simple. Appear and feel between cellular and internet based platforms is stored exactly the same, which makes transition between both quite simple.
The two Android and iOS variations maintain the exact same low trading charges, rates and spreads , and some other trading portfolio has been kept over all platforms.
Trading Accounts
Plus500 has just provided one kind of trading accounts, a normal trading accounts. The conventional trading account requires a minimum deposit of $100 to start. Through the current system update, the broker has updated each of their customers ‘ trading accounts to a Gold account status.
With this recent enhancement, existing account holders will pay lower premium fees. However they will be subjected to a higher minimum trade volume.
Apart from the standard trading account, Plus500 has also provided a free unlimited demo account which potential clients can use to test out the performance of the trading platform and develop a trading strategy.
Compatible Trading App Platforms At Plus500
Although there is only one trading account, there is provision for traders to be classed as “specialist ” rather than “retail” clients. The benefits are increased leverage (1:300) and fewer restrictions on margin.
The downside however, is that regulatory protection is reduced for ‘Pro’ accounts (negative balance protection for example). Visit the website to apply, or see if you will be eligible for a professional account.
Offers & Promos
Assets & Instruments
Traders will be pleased to know that there are more than 2000 instruments to choose from using CFDs. These underlying assets include major classes such as currency pairs, cryptocurrencies, commodities, ETFs, options and stocks. Available leverage is as high as 1:30. (Higher for professional accounts)
Cryptocurrency leverage is capped at 1:2 by the regulator, but assets like Bitcoin, Ripple and Litecoin are all available to trade with tight spreads.
Customer Support
While the support service at Plus500 is available 24/7, it is only available through email or live chat. So although their website is available in 32 different languages, there is no telephone support.
Deposit And Withdrawal
Available payment and withdrawal methods at Plus500 are Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), or Bank Transfer.
The minimum deposit is $100.
The same methods can be used for making deposits and withdrawals. For withdrawals, the processing time is 3 business days. It should be noted that all withdrawal methods have a minimum amount threshold and you can only withdraw through the method that you used initially for making your deposit.
There are no withdrawal fees, though there are inactivity fees and some positions may be subject to overnight fees.
Is Plus500 Best For Day Trading?
Without a doubt, Plus500 operates with a high standard of efficiency and reliability. Their digital Webtrader trading platform, is proprietary and able to perform the job of executing trades quickly. In addition, there is a wide range of assets for you to choose from to trade with.
As a day trader, it is important that you can execute as many trades as needed within a short time frame. With the huge asset index, you will be able to do just that, without difficulties. In addition, the fact that you can open and close a CFD position at any time during trading hours, means you can review and amend your positions and investing portfolio however you need to.
Plus500 vs eToro
Plus500 versus eToro – Key Features
Minimum Deposit
Plus500 compares well to eToro, with a larger range of markets and far more research and analysis tools. eToro tends to cater to more casual traders — perhaps who’s time is limited. Copy Trading is their big feature — but they do offer fractionally smaller spreads (trading costs). Plus500 however, delivers a superior service for more involved traders, and also has a lower minimum deposit and more advanced trading platform.
Plus500 vs eToro – Spreads and Trading Costs
1 pt (var)
5 pts
3 pips (var)
Best Overall Broker
Best Trading App
What is the minimum deposit requirement to open a trading account?
The minimum deposit requirement is $100.
How fast can my withdrawal request be processed?
The typical processing time for a withdrawal request ranges from one business day to three business days.
Is Plus500 a reliable broker?
Yes. They have been operational since 2008 and subsidiaries are regulated in several countries around the world including the UK, Singapore and Australia.
What kind of trading platform does Plus500 have?
The company uses a proprietary trading platform to provide their traders with access to the financial markets.
What is the maximum leverage available at Plus500?
The maximum leverage offered by Plus500 is 1:30 as per regulatory guidelines. Leverage varies by asset (crypto trades are limited to 1:2). Traders in Non-EU regulated markets can utilise higher levels of margin. 1:30 is a limit imposed by ESMA in European Economic Area only.
Plus500 vs Etoro
Plus500 has tighter spreads for most assets than eToro, and also has a broader range. Social trading is not available, though it is at eToro. Plus500 also has higher levels of regulation and is a much more widely recognised and ‘worldwide ‘ firm.
Share Price
Plus500 are listed on the London Stock Exchange (LON:PLUS).
Accepted Countries
Plus500 accepts traders from Australia, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Plus500 from Belgium, Iran, United States, Canada, Zimbabwe, Nigeria, Cote D’Ivoire, Cameroon, Thailand, India, Indonesia, Brazil, Egypt.