Min. deposit
100$
Website address
https://plus500.com
Demo account
Yes
Currency
Supported languages

* “The amount that will be credited to the account in the case of a successful deal
https://plus500.com
General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

 Overview of leading trading platforms: forex broker Plus500

When deciding on the choice of a trading platform for transactions with currency, shares or other assets, most traders are guided by factors such as the broker’s reliability / reputation, the “age” of the firm, the list of services provided, feedback from more experienced users, etc. Plus500 platform deservedly considered one of the leading sites in the world, specializing in operations with a wide variety of financial instruments.

Online CFD Trading Platform | A Top CFD Provider | Plus500

General characteristics of Plus500

For more than 10 years, the brokerage firm has been trading in the Contracts on the price difference, providing an opportunity for users of the company’s web resource to earn money through the foreign exchange market, shares, stock indices, commodity assets and crypto currency.

Management Company

All legal rights to the Plus500 brand belong to Plus500 Ltd, which performs management functions and provides the opportunity to use the trademark to its “affiliated” companies. The liquidity of the shares of the company in the Alternative Investment Market (London Stock Exchange) is a convincing proof of the reliability of Plus500. Review of the trading platform, compiled by professional analysts, shows that the capitalization of the management company in 2014 approached $ 1 billion, and to date, this broker is one of the most promising in its category.

Supervisory bodies

The broker’s activities are controlled by the UK Financial Supervisory Authority. The company is also in the sphere of influence of the Australian and Cypriot Securities and Investment Commissions. Studying about Plus500 user reviews platform that are well versed in legal issues, we can conclude that the above factors are convincing proof of the legitimacy of the trading company (including all subsidiaries).

Plus500: overview of services provided

The brokerage firm under consideration is a simple but powerful platform that does not offer MetaTrader 4 and is not suitable for traders interested in technical analysis of expert advisers and analytical trading. As mentioned above, for Plus500 CFD (Contracts for Price Difference) are the key indicator, users of the system are given the opportunity to conduct transactions using 2 thousand (!) Financial instruments. This factor explains the popularity of this resource among experienced traders. Beginners, more experienced colleagues recommend starting real operations, only after self-training with a free demo account.

The creators of the platform, developing this web resource, set a goal – to make a convenient intuitive interface, with a minimum number of control buttons. The main page of the site contains almost all the necessary information: the cost of raw materials, stock indices, prices for currency pairs. Using the chart, you can analyze how the value of financial instruments has changed over a period of time.

Management of risks

One of the main technical tools of the platform are:

● automatic closing of the transaction when a certain level of profit is reached;

● a guaranteed stop, which provides an opportunity to establish the maximum amount of potential losses;

● automatic closing of transactions, when the loss reaches the established level;

● the opportunity to receive a notice that the quotation of the asset of interest to the asset has reached a certain value.

Cost of services

Experienced traders argue that Plus500 is a forex broker, which stands out among other similar sites, thanks to the low cost of the services provided. Users do not have to pay commissions for transactions. For each concluded transaction there is a small spread, which does not have a significant impact on the financial position of the trader.

Deposit and withdrawal of funds

To add funds to your account, the brokerage company’s customer can use:

● bank cards (international payment systems);

● bank transfer;

● electronic wallets.

The process of transferring funds to a personal account in the system is carried out through the function: “Fund management”, where you need to find and click on “Deposit”, and specify the preferred method of replenishment. Similarly, the user of the resource can withdraw money. The only drawback of this system is that the procedure for the payment of funds can take from 1 to 7 banking days. But there are also positive moments associated with money transactions. On the platform Plus500 crypto currency is exchanged for fiat money even faster than on some specialized resources.

Security

In addition to the above-listed proof of the company’s reliability, analysts and experienced users distinguish the following guarantees of financial safety of the broker’s clients:

● The financial resources of users of the web resource are stored in accordance with the requirements of the controlling financial authorities;

● risks are hedged only at the expense of the company’s financial resources;

● the broker never transfers the resources of clients to its counterparties;

● the company’s activities exclude the conduct of doubtful transactions related to national or corporate debts;

● The company does not engage in speculative transactions and does not invest private clients’ money.

Pros and Cons Plus500

The main advantages of this platform are:

● prompt execution of operations;

● the ability to track the quotation of assets in real time;

● availability of a free demo account;

● a huge selection of financial instruments for trading operations;

● high level of leverage;

● the ability to replenish the account / withdraw money using a bank card or electronic wallet;

● Clear interface;

● availability of a functional mobile platform;

● 24-hour customer support service.

Unfortunately, in our world there are almost no ideal things, in all there are certain drawbacks. The site in question is no exception. The main “minuses” of the web resource:

● there is no information for training in trading;

● The MetaTrader platform is not supported;

● it is very difficult to find the FAQ section.

Based on the above information, the following conclusions can be drawn. The brokerage site presented, despite the lack of training materials, is a wonderful resource for beginning traders. Beginners can start trading with minimal theoretical knowledge, using for this purpose a training account. Experienced traders who decided to test their strength on this platform will have the opportunity to work with a wide variety of assets. At the same time, the company’s clients need not fear that they will be deceived: a solid “age” of the resource and control by authoritative organizations are the main evidence of the broker’s reliability.

Plus500: a review of cryptocurrency, forex, ETF and CFD trading platfom
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General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

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