• Plus500 Forex Trading Platform Review 2017

    Plus500

    Plus500, founded in 2008, is a world leading online Contracts for Difference (CFDs) trading platform for financial instruments such as Forex, ETF, stocks, commodities and market indices. The Plus500 brand is owned and managed by Plus500 Ltd, a public listed company on the London Stock Exchange AIM market. Listed in 2013, Plus500 Ltd’s market capitalization value reached in excess of $1 billion by 2014. Today, Plus500 Ltd operates through several subsidiaries bearing the Plus500 brand.

    ! TRADING  CFDS CARRIES A HIGH LEVEL OF RISK !

    +Plus500 Reliability – Is Plus500 a scam?

    Having operated now for close to a decade, Plus500 has managed to carve a name for itself as a trustworthy and reliable broker. The broker has always pride itself as being in the forefront of market innovation. They are constantly introducing new products and services to meet their clients’ trading needs. However Plus500’s reliability extends beyond the services that it is providing traders. The company is also a public listed company with a solid financial background on the London Stock Exchange. Finally, Plus500 abides by and complies with international laws and is regulated  Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
    Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
    Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.

    There are also additional layers of protection which Plus500 is able to offer to their clients. For example:

    All client money is held in segregated client bank accounts in accordance with the Financial Conduct Authority’s client money rules.
    Plus500 uses its own money for hedging, it does not use client money for this purpose.
    Plus500 does not pass client money through to hedging counter-parties.
    Plus500 does not initiate speculative positions in the market.
    Plus500 has no exposure to corporate or sovereign debt.
    Plus500 does not invest the money of retail clients.

    Plus500 Trading Platforms

    Plus500 provides their clients with a cutting edge proprietary trading platform. The desktop trading platform is a web based or downloadable client application, the web based requires no software download or installation hence making it very accessible from most of the countries in the world.
    Plus500 Commissions & Spreads

    When it comes to the selection of a broker, one of the key factors that has to be taken into consideration is the trading cost. Costs can be divided into 2 categories, commissions and spreads. For Plus500, there are no commissions involved in any trade. Instead, traders are required to pay tight spreads on the assets that they are trading with. (Note that there are dynamic spreads).

    +500

    Deposits and withdrawal at Plus500 are simple, supported with the following methods:

    Major Credit Cards such as VISA, MasterCard.
    Bank Wire Transfer
    Paypal
    Skrill

    To make a deposit, simply follow the following steps:

    Step 1: Click “Funds Management” and then Select “Deposit”
    Step 2: Select the preferred deposit options
    Step 3: Fill in the required fields on the form and click “Submit”

    To initiate a withdrawal, the process is similar to when you are trying to deposit funds. Instead of depositing, you just select the withdrawal options under “Funds Management”. The typical processing time required for a withdrawal request is 1 to 3 business days. Once the withdrawal request is approved, it will still take a few additional days for the funds to appear in your account:

    Credit Cards: In accordance to the credit card bank processing time.
    Bank Wire Transfer: Normally within 5 business days
    eWallets: 3 to 7 business days

    To maintain simplicity, Plus500 has only provided 2 types of accounts for their clients, a standard trading account and a demo account. The account opening process is straight forward with minimal steps. Simply click on “Sign Up” to be directed to the account signup page.


    Plus500 the Broker we would Trade with !

    Plus500 offers two account options, consisting of a demo account, which has no time limit and can be opened free of charge, and a live account that requires a minimum deposit of $100. The maximum leverage offered is 1:300.

    Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes.

    plus500
    Plus500 makes a good choice for non-U.S. traders with an easy to use trading platform which offers multi asset trading capability. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of tight dealing spreads and the generous bonuses offered when initially funding the account. Also, the Plus500 trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen. Overall, Plus500 makes an excellent choice for an online broker.

    GENERAL RISK WARNING: TRADING  CFDS CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE APPROPRIATE FOR ALL INVESTORS. IT IS POSSIBLE TO LOSE OF ALL OF YOUR INVESTED CAPITAL SO YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE. FOR MORE INFORMATION ABOUT THE RISKS INVOLVED.

     

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