Author: Harry Napier
About trading company Plus500
Plus500 trading broker was founded in 2008. Initially, its distinctive feature was CFD contracts, which made it possible to profit from trading financial assets without acquiring them.
Since its inception, stock contracts for difference (CFDs) have been a key area of broker’s trading. Since 2009, the company became the first in the world to remove commissions for such operations.
However, you might come across statements such as “Plus500 scam and deceit”. After thorough examination of these reviews, we came to a conclusion that they were published by unscrupulous brokers who want to blackmail Plus500.
The broker is owned by Plus500UK ltd, with registration in the UK and a presence of headquarters in London. The company has licenses from the British regulator FCA. Clients are encouraged to open CFDs. The company has more than 1000 trading instruments in its portfolio, and more than a million traders from around the world use the services of a broker.
The Plus500 mobile application has a top rating in online stores (GooglePlay and AppleAppStore). A simple and powerful application with many useful services is very popular among traders.
Registration of a personal account on Plus500
To create an account, you need to fill out a special form on the company’s official website. First of all, you will need to enter your email and create a password, which you will use as your Plus500 login. Then personal data is entered:
- Full name;
- contact details;
- and other verification data.
After registering an account, Plus500 trader can trade available instruments and assets. The company strives to make trading as simple and affordable as possible, so only one type of account is available to customers. Trading is carried out through CFD contracts, without fees and other costs.
Trading Accounts plus500 review
A feature of the broker is the provision of two accounts: demo and standard. In training mode, unlimited virtual balance is available. With the help of a demo account, a novice trader will be able to test the platform, evaluate its functionality, as well as eliminate short comings in the strategies used. As for the real trading account, you can start working on it after making a Plus500 minimum deposit of $100 or more.
Binary options
The broker allows you to trade a large number of assets, including BOs. A complete list of options can be found in the “All Instruments” section at https://www.plus500.ru/Instruments#Options. As with any broker, we recommend to read all the Terms and Conditions.
Deposits and withdrawals
Plus500 Canada company cooperates with various financial and banking companies, which act as a service provider Plus500 withdraw and deposit functions. Transactions can be performed in the following ways: with a plastic card: Maestro, Visa, MasterCard; electronic payment system: Skrill, PayPal; Bank transaction.
Customer Support
New traders often encounter problems that arise in the trading process due to the lack of certain knowledge. That is why they need the help of a highly qualified consultant. To do this, Plus500 brokerage platform customers can contact the technical support service for help using:
- Feedback form;
- Email: [email protected].
Soon, a new feature will appear on the website – live chat, which can be used along other means of communication around the clock, 7 days a week.
It is important to note that Plus500 does not officially provide phone support; instead, the broker gives all its resources to customer support via e-mail and a fully staffed round-the-clock service system that responds to feedback forms.
In case of emergency, telephone support can be provided, but, as Plus500 employees explain, such situations are very rare.The lack of telephone support is compensated by an effective support system via feedback form and e-mail.
Advantages and disadvantages
Having studied the features of the Plus500 broker, we can note its strengths and weaknesses. Among the advantages are:
- Free demo account with unlimited balance;
- Presence of an existing regulator;
- Huge selection of trading instruments.
The disadvantages are:
- Lack of a MetaTrader platform;
- Hard to navigate FAQ section;
- No training materials.
Simplicity of the platform design can be considered a disadvantage by some, but it make navigation and work much easier. The desktop version of the Plus500 platform on a Windows 10 computer works without problems. The interface is simple and neatly organized in four tabs.
Trust rating
Choosing a trustworthy broker is critical to success. Unfortunately, in the field of Forex fraud and dishonest attitude towards customers are widespread. Plus500 can be a good choice for beginners, as the platform is very easy to understand, and its design is aimed at making trading easy in every way.
However, the Plus500 offer lacks customer training materials and research content, and the available trading platforms are very light compared to competing platforms.
If you haven’t traded before, the Plus500 desktop platform can be a great option for the initial stage before moving to a more advanced platform.
Plus500 strives to provide each trader with the opportunity to easily and effectively trade any financial product around the world, including: stocks, indices, metals, raw materials and currencies.
The main rules of the company
Transparency – we explain in detail to our customers what they get for their money. This is exactly what we expect from our suppliers, and this is what our customers get from us.
Professionalism – when developing our products, we pay special attention to increased reliability, which guarantees safe and unhindered trade. This is exactly what we expect from our suppliers, and this is what our customers get from us.
Personal approach – Plus500 employs a group of active programmers. We, like you, had our ups and downs, successes and failures. Continue to believe in yourself, do not change directions and move forward. This is exactly what we expect from our suppliers, and this is what our customers get from us.
