Plus500 Review 2018: Read This Before You Join Plus500
If you have been trading forex or binary as long as me, then it is possible you must have come across Plus500 or at least see one of their ads on social media.
I first saw Plus500 sometime in 2013. However, I didn’t take them seriously because I was trading with another forex platform at the time.
A couple of days ago, one of my website readers asked me to review Plus500 for him. However, I decided to write the review for the general public.
This is a 2018 review of Plus500. All the information you will read in this review is current, accurate, honest, and unbiased.
However, note that since I don’t have control over Plus500, it is possible that some of the information in this review may change later.
Keep on reading to find out everything you need to know about Plus500.
What is Plus500?
Plus500 is one of the world’s top names in CFD-trading. Most people think that Plus500 is a binary option broker site. However, it is not.
Trading in Plus500 is done by using “Contract for Difference” otherwise known as CFD.
This type of trading is very similar to binary options trading. CFD trading allows a trader to make a profit in a very short period of time.
As of today, Plus500 is known as the leading global CFD brokerage firm and online trading platform.
If you are wondering what CFD is all about, it is a type of derivative instruments which allows traders to buy and sell financial instruments without actually holding them in their account.
The great thing with Plus500 is that they offer traders a variety of financial markets which include stocks, cryptocurrencies forex, commodities, ETFs, and market indices.
In recent days, most people talk about this platform due to its ease of use and simple design.
Who Are They?
Plus500 was founded in 2008. It has its headquarter in Israel. However, there are subsidiaries of Plus500 in Cyprus, United Kingdom, and Australia.
The trading platform is regulated by the Cyprus Securities and Exchange Commission.
They also have a license issued by the Australian Securities and Investment Commission which allow them to register Australian residents.
The major product of Plus500 is Contract for Difference. Anyone can register with a minimum deposit of $100 which can be made through Credit Cards, PayPal, Wire Transfers, as well as Skrill.
The company supports over 20 languages. Currently, they have over 200,000 customers worldwide but do not allow traders from the United States to register on their platform.
How They Work
We are going to explore how Plus500 Work by exploring a different aspect of their platform.
Here’s a Quick Video on Plus500.
Plus500 offers two types of account which include a demo account and a live account. You can open a demo account to practice until you get better. When you are ready to start with real money, you will then need to open a live account with a minimum deposit of $100.
What I love about Plus500 is that they have a comprehensive and easy-to-use proprietary trading platform as well as technical analysis software which traders can use.
As a trader using Plus500, you can trade in multiple markets right from the same screen. Moreover, you will have access to real-time quotes for the products on this platform.
When you choose to trade on their platform, you can trade CFDs on:
You will also have access to charting software when you are making use of this platform. The trading platform comes in 4 versions which includes desktop version, a web-based version, App and Apple Watch Platform.
Who is Plus500 For?
If you know how to trade CFD’s on stocks, ETFs, commodities, forex, or cryptocurrencies, then I think you will love Plus500.
However, if you don’t have an idea, you can always learn. What I like about Plus500 is that they have a knowledge-based library whereby a newbie can learn to trade like a pro.
You will also get access to demo account which you can use to practice.
Pros of Plus500
- Plus500 is a trustworthy broker
- The platform is very easy to use
- You can trade on any device you want
- You can choose from over 50 markets to trade
- Free demo account
- Get instant support in over 35 languages
- Easy to withdraw your earning
- Comes with Superb risk management tools
Cons of Plus500
- You need to learn how the platform works first
How is the Training Like?
Plus500 provides top-notch training. You can get access to a knowledge-based library where there are videos you can watch to learn how to trade.
The company also offers quality customer service 24/7 via email or live chat in over 35 languages.
Here’s What I Really Think
Without a doubt, Plus500 is an awesome platform where a trader can trade with ease and make money. This is a trustworthy platform and they are very transparent. You can always count on them when you want to start trading CFDs. I will recommend Plus500 for anyone looking to make money with CFDs.