Plus500 is a European-regulated broker with a reputation as a reliable partner in trading. The company is engaged in the sponsorship of leading soccer clubs and has a lot of influence in society. Having studied the platform’s properties, it is necessary to emphasize the presence of the Plus500 terminal for work on mobile and desktop systems. An additional plus of cooperation is the absence of commission when withdrawing money. This article will discuss the European trading platform Plus500.
Quick history of Plus500
The company was founded in 2008. In 2011, the number of transactions per year exceeded 2 million. In 2013, the capitalization of the Plus500 exceeded 1 billion dollars.
In 2017, cryptocurrency trading on CDF contracts was added to the Plus500 services.
Today, the company, both independently and through subsidiaries, serves clients in all corners of the world – over 50 countries like the UK, US, Germany, France, etc. Read further to learn more about Plus500 and its features!
Terms and conditions of Plus500
If you are used to working on MT4, we have to disappoint you. Plus500 does not have this platform or any other external trading platform. However, you will find:
- WebTrader – a browser-based program that you don’t need to download to your computer.
- Original trading program from Plus500. The platform is available in desktop and mobile versions (for iPhone and Android) and allows you to trade from smartphones of any manufacturer.
For beginners, there is a Demo account in all versions of the program. In fact, there are only 2 accounts: main and demo. The demo account allows you to trade using virtual money so you get to know its platform before you risk your own savings.
All trading platforms are very convenient for beginners, but the lack of tools for market analysis makes them unattractive for experienced traders. All applications work clearly, without failures. The company’s clients can choose 1 of 32 languages.
The trading platform from Plus500 is somehow user-friendly and perfect for experienced traders. However, it has its own disadvantages – an inactivity fee and leverage that can’t be modified. It is surprising that with such an abundance of trading assets, there are practically no market analytics tools, negating their simplicity and convenience.
If you have worked on MT4 or another platform, you can master Plus500 in a few minutes. The design of the programs is also pleasant, everything is simple and clear, and nothing distracts from trading. The technical indicators can be customized based on the trader’s preference and expertise level. Additionally, traders can set up alerts to notify them when a particular financial instrument reaches a specific price level.
No commission is charged when depositing funds. There are no withdrawal restrictions, neither on the frequency of withdrawals nor the amount.
Plus500’s services are impressive. It offers more than 2,000 CFD trading instruments. These are indices, commodities, shares of companies, cryptocurrencies, and ETFs.
The website has an economic calendar, allowing traders to keep abreast of events that may affect the market. Undoubtedly, this is a useful tool, but it is available only on the website and is not integrated into the functionality of trading platforms. Updating of economic indices is also absent.
The company does not provide customer support over the phone. All communication takes place in the form of chat via email. Telephone communication can be used only in emergencies.
5 reasons to use the trading platform Plus500
Here are 5 reasons why many people prefer to use the Plus500:
- Design. Plus500 provides an intuitive interface that is easy to understand and use after some time. It has a good selection of learning materials and tutorials on how its platform works.
- Wide asset selection. It allows traders to diversify their portfolios and look for profitable investment opportunities. However, all use CFDs.
- Reliability and regulation. Plus500 is licensed and regulated by leading financial institutions such as CySEC and FCA. This adds a level of trust and protection for users.
- Free demo account: New users can practice trading without the risk of losing real money.
- Mobile app. It allows traders to monitor the market and manage their positions anytime and anywhere.
However, when choosing a trading platform, it is always important to be careful and do your own research to ensure that the platform suits your needs and goals. Remember that CFDs are complex trading instruments, be aware to understand their risks.
How to register on Plus500?
To register, you must go to the broker’s official website, use the “Login” function, and switch to the “Create Account” box. The amount of data to enter is limited, in particular:
- Email. The broker systematically sends news about the launch of bonus programs, and loyal clients receive promo codes.
- Password. A strong password consisting of 8 symbols is created.
An option to quickly log in to the personal account via social networks Google+, Facebook, and AppleID is introduced. Additional data will still have to be entered when registering through a social network to complete account verification.
How to withdraw money from Plus500?
Investments in Plus500, up to £85k are insured and will be returned to clients in the event of bankruptcy. The Plus500 license is valid in the European Union.
The work with deposit and withdrawal of money is done through the personal cabinet of the portal. The following payment gateways for withdrawal are realized:
- Visa and MasterCard world bank issuers
- Electronic payment systems Skrill, PayPal, Moneybookers
- Direct bank transfers
No withdrawal fee is charged to the customer: unless a direct bank transfer is used.
The company offers a guaranteed stop loss, which other brokers very rarely offer. Plus500 offers leverage of 1 to 30, according to European conditions. There is no commission on CDF. Deleting an account is better to do using the 24/7 customer support option. The option to send an appeal to the broker’s email is available.
Conclusion
Plus500 is a good choice for both beginners and experienced brokers. Beginners will like the simplicity of the trading application. It can be quickly understood. Experienced brokers will like the abundance of trading tools. 2000 CFDs and 60 currency pairs.
The absence of training materials on the website is a bit surprising. There is also no trading analytics. Therefore, the broker relies on experienced traders. But why such an intuitive trading platform? It is clearly designed for beginners.
Plus500 is pleased with the control of financial activity by the UK. Plus500 certificates give it the right to work all over the world.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
