Plus 500 Accounts
Plus 500 Review
PLUS 500 Risk Warning: 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.
Plus 500 is a robust trading platform that is one of the best choice for traders who want to trade with CFDs. You can easily open a demo account using their web or mobile platform. You have to start with a minimum deposit of $100 in order to open a new real account, that requires the verification of your documents. This standard trading account for CFDs works for stock indices, individual ETFs and shares, forex markets, commodities, options, and cryptocurrencies (Availability subject to regulation). If you are a novice trader you can get an education regarding trading aspects for their Trader’s guide section. Your capital might be at risk because this Plus 500 Review is entirely based on estimations and factual information.
You can start with demo accounts using their mobile app or web platform. They offer 1:30 leverage for retail CFD accounts. The traders can have access to the financial markets. You can also withdraw your money in many ways:
- Electronic wallets – PayPal or Skrill. Funds should be received in your e-wallet account in 3-7 business days after withdrawal has been authorised.
- Bank transfer – direct bank to bank funds transfer. Funds should be received in your bank account within 5-7 business days from the authorisation of the withdrawal. Withdrawals to a bank account may be subject to further delays sometimes depending on the banking institution and the jurisdiction in question.
- Credit/debit cards – funds should be received in the respective credit/debit cards and/or bank account associated with the relevant card according to each bank’s processing time.
Plus500 had more than 430,000 active customers in 2020.
Plus 500 Features
|
Instruments (CFD) |
Forex,Cryptocurrencies,Stocks, Commodities, Options, and Indices |
|
Demo Account |
Yes |
|
Minimum Deposit |
$100 |
|
Minimum Trade Amount |
Depending on the asset |
|
Margin Call |
Yes |
|
Regulation |
FCA, CySec, ASIC |
|
MT4 App |
No |
|
Copy Trading |
No |
|
Mobile Apps |
Android, Microsoft & iOS |
|
Automatic Trading |
No |
|
Pre-Orders |
Yes |
|
Signals |
No |
|
Islamic Account |
Yes |
|
Max Non EU Leverage |
1:30 (For all retail investors) |
|
Max EU Leverage |
1:30 |
Country Restrictions
| Accepted Countries |
Australia, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries. |
| Forbidden Countries |
Belgium, Iran, United States, Canada, Zimbabwe, Nigeria, Ivory Coast, Cameroon, India, Brazil, Egypt. |
Plus 500 CFD Assets
Forex |
|
| Available Assets |
70+ |
| Spread Average |
spreads are subject to change |
Crypto |
|
| Available Coins |
BTCUSD, ETHBTC, ETHUSD, Crypto 10, LTCUSD, XLMUSD, BABUSD, ADAUSD |
| Spread Average |
spreads are subject to change |
Stocks And Commodities |
|
| Available Assets |
50+ |
| Spread Average |
spreads are subject to change |
Conclusion about Plus 500
Plus 500 is a better option for experienced traders who know the real strategies. Whereas beginners can start with demo accounts in order to test the strategies that can later help your trading experience. They offer a complete package of tight spreads along with fast and reliable execution orders. There isn’t any commission fee for trading. There are over 2000 instruments that provide better trading opportunities. Fast withdrawals help you to get easy payouts with few days. Plus 500 is secured by SSL so your data is in safe hands and your money is secured in segregated bank accounts. But as we know there are multiple risks associated with online trading, so you should do your research before investing in order to avoid financial losses.
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.
The Review
Plus 500
PROS
- This platform offers a large range of trading instruments.
- It is user-friendly and easy to use.
- A mobile app of Plus 500 is easy to use.
- You can create unlimited demo accounts for the practice.
- Plus500CY Ltd authorized & regulated by CySEC (#250/14)
CONS
- Unavailable for US clients.
- There is a limited investment type range since you can only trade CFDs
- You have to pay average CFD fees.
- Research tools are not exceptional.
Plus 500 Accounts
Traders Cult test all brokers before making a review. We review regulated brokers only.
