Plus500

ABOUT: Founded in 2008, Plus500 has since grown to become a leading online retail forex and CFD brokerage. Just a few years later, in 2013, Plus500 became listed publicly on the AIM section of the London Stock Exchange. Plus500 reached unicorn status when its market capitalization surpassed a valuation of $1 billion, and in September 2018 became a main constituent of the FTSE 250.

The Plus500 serves forex and CFD traders through its regulated subsidiaries that are licensed in major financial hubs in the United Kingdom, Cyprus, and Australia.

Plus500 offers over 2,000 tradable products, including forex pairs and CFDs on shares, indices, commodities, ETFs, options, and digital assets. In 2017, Plus500 launched cryptocurrency CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and IOTA. For trading its product offering, clients at Plus500 can choose between desktop, mobile, tablet, and web-based trading platforms.

PLATFORM: Plus500 offers a comprehensive and easy to use proprietary trading platform and technical analysis software for their clients. The trading platform allows the trader to trade in multiple markets from the same screen and provides real time quotes for all of its products.

You can trade CFDs on Forex, commodities, cryptocurrencies, stocks, indexes, ETFs.

The main advantage of the Plus500 trading platform consists in an all inclusive trading screen with clearly labeled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting software is included with the trading platform, but  the charting software does not allow for multiple graphs on the same screen.

The Plus500 trading platform comes in four versions: a downloadable version, which can be copied to your device, a web-based version, which allows the trader to access the platform from any other computer, App versions for iOs, Windows and Android smartphones and also Apple Watch platform.

FREE DEMO ACCOUNT: Besides the live account, you can try the demo account of Plus500 until you get familiar with the program. It offers a demo account free of charge, we believe that this is a great way for beginners to get acquainted with Plus500’s trading platform, and help understand the key points of online trading. Plus500 has one live account type, and it only serves individual accounts, no corporate accounts are offered.

WITHDRAWAL: Available payment and withdrawal methods are Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), or Bank Transfer.

The same methods can be used for making deposits and withdrawals. For withdrawals, the processing time is 3 business days. All withdrawal methods have a minimum amount threshold and you can only withdraw through the method that you used initially for making your deposit.

CUSTOMER SUPPORT: The support service at Plus500 is available 24/7, but it is only available through email or live chat. So although their website is available in 32 different languages, there is no phone support.

This can be a disadvantage if the customer loses internet service or their computer crashes while trading. They have an active customer support holding their promise to help their clients with every issue.

They said about Plus500:

* They were quite attentive to my circumstance and got me my money back. Excellent service. I have no hesitation in recommending them to anyone else who has been scammed.

* I recommend plus500 and so far, have never had a problem trading with them.

* Pretty new tot hat but its ok platform.