Plus500 Review: Safe Or Scam?

Here is the full Plus500 Broker Review Plus500. Established in 2008 is an Israel based forex broker and universally well-known CFD trading platform. It is endorsed and acknowledged by the universally accepted regulating bodies and global financial institutions that include the UK’s Financial Conduct Authority (FCA) and an Australian Securities and Investment Commission (ASIC).

Plus500 is regarded as a credible and secure brokerage firm because it is listed on the London Stock Exchange. Financials of plus500 is publicly available.

Through Plus500, retail investors can intervene in a wide range of financial markets and can harness the true benefits of compounding. Apart from it, Plus 500 charges no commissions from the account holders for its outstanding services.

Plus500 main features and highlights
🗺️ Country of regulation UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $100
🕖 Time to open an account 1 day
💳 Deposit with credit card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 10
🎮 Demo account provided Yes
🛍️ Products offered Forex, CFD, Crypto

Plus500 initiated its business of forex and CFD trading in 2008. It was first inaugurated by an Israel-based financial service provider company, but now it is operating on the premises of the UK.

The company plus500 offers a wide range of investment vehicles to its users thereby the users can diversify their investment portfolio. Some of the well-known investment vehicles offered by Plus500 are: equities, commodities, forex trading, stock indexes, ETFs and cryptocurrencies.

plus500 review homepage

Plus 500 is a public limited company which is listed on the London Stock Exchange (LSX) under the AIM section and has the current market capitalization of £1.25 billion ($2.25 billion). Investors from more than 50 countries across the globe leverage this phenomenal brokerage company to invest in different investment vehicles.

Positive and Negative Aspects of Plus500 Review

Plus500 is easy to use and has the cross-platform compatibility so the users can make use of all the core functionalities of it on both the mobile and desktop platforms.

Opening an account at Plus 500 is pretty much easy-to-use and self-explanatory. Trading fees charged by this platform is comparatively low.

For the sake of convenience of my readers, I’ll be listing some of the well-known pros and cons associated with plus 500 in this review article.

Pros

  • Listed on one of the greatest capital markets of the world London Stock Exchange and is regulated by the universally acknowledged financial institutions of the world.
  • UI of the plus500 is easy to use and counterintuitive. It doesn’t require any pre-requisite knowledge or technical background to make use of this brokerage platform.
  • Plus500 charged a very minimal trading fee from its users.
  • Plus500 allows its users to invade more than 2000 investment vehicles.
  • If you are interested in diversifying your investment portfolio apart from bitcoin, such as Ethereum, XRP, and Ripple then Plus500 is the best available resource for you.

Cons

  • There isn’t an organized library or collection of educational resources at Plus500 to educate newbie investors.
  • Even though customers of Plus500 can invest in 2000 different investment instruments, but the platform lacks quality tools for analyzing the market sentiments for all the investment vehicles.
  • Quality research tools are scarce at Plus500. Even though some fundamental data and little bit recommendations are provided by the Plus500, but they aren’t sufficient to address the requirement of novice investors.
  • The educational section of plus 500 requires strides of reforms.

Credibility of Plus 500

Even though Plus500 doesn’t provide additional deposit insurance to its users, but the company is acknowledged as an authentic platform and endorsed by global regulatory bodies and financial organization such as the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, AMS, MAS and the ISA which further enhances the credibility of Plus500.

Plus 500 stock broker ensures the highest level of security to the client’s money and assets by placing all of their money is a segregate account at a regulated bank thereby the assets of account holders will remain secure in case the company becomes solvent in the upcoming future.

In case of bankruptcy or the funds shortfall of up to £50,000 then the Financial Services Compensation Scheme (FSCS) will compensate for the shortfall.

FSCS is also responsible for the compensations of funds of up to £85,000 if the custodian bank holding the account of all the clients of Plus500 goes into the liquidation. As a whole, we can say account holders of Plus500 can rest assure after depositing their money into Plus500 because, in case of any severe loss in revenue or financial bankruptcy, all the deposits of users will be paid back by the FSCS.

Apart from the protection of the client’s deposit, Plus500 also ensures the security of negative balance whereby account holders of plus 500 cannot lose more money than their initially deposited money. Guaranteed stop loses are extremely useful for some investment instruments in case of the severe bearish trend in the market so the users can implement the investment methodology of Warren Bufford named optimum marginal safety.

Web Version of Plus 500

WebTrader Plus500’s streamlined the complicated trading process and can be easily accessible from any browser. The UI of WebTrader is user-friendly that allows its users to create watchlists, analyze charts, as well as execute trade instantly. Besides, it allows its users to monitor the live trading session.

Plus 500 offers a diversified collection of useful and state-of-the-art tools to perform intraday trading. Aside from that, plus 500 provides 100 variant technical indicators to its users so the users can read and manipulate the trade chart more effectively without bothering too much about the market sentiments.

Unlike many other brokerage companies, Plus 500 does not provide MetaTrader 4(MT4) platform trading alternatives, but instead it provides a lot of customizable features.

The layout of WebTrader pretty much resembles other brokerage companies. Plus500 allows its users to choose from the wide range of investment vehicles, analyze the performance of their investment instrument leveraging the technical analysis chart and place their trade instantly without leaving the window.

Advanced traders who are reliant on the most sophisticated trading and analytical tools can increase their investment returns significantly by harnessing the outstanding features of Plus500 specifically designed for investors.

Pros of WebTrader

  • All the features of the web version of Plus 500 are easy-to-use and easy to navigate through them.
  • Users can easily login with the web trading platform of Plus500 suing the 2-step safer login process
  • It provides uninterrupted customer support

Cons of WebTrader

  • Charts and workplaces of Plus500 are very little customizable that would be a bit annoying for some users.

To leverage web trading platform of plus 500, the language barrier isn’t a problem because it is already translated in numerous languages that were spoken in different regions of the world such as Arabic, Bulgarian, Chinese, Dutch, Estonian, Greek, Hebrew, Hungarian, Icelandic, Latvian, Russian, Spanish, Turkish, French, Traditional Chinese, Slovenian, Portuguese, and Polish.

Eye-Catching Design

Web Trader of Plus500 has an eye-catching look and feel. Anyone can easily navigate the web trader without having any prior trading experience.

But the downside is that it is very little customizable.

Security and Login Feature of Web Trader

Anyone can simply log in to the web trader by following the extremely simple 2-step login process. For the sake of convenience of users, Web Trader provides Facebook and Google authentication.

Plus500 broker Search Feature Review

The Search function of Plus 500 is quite unprecedented, users can simply search for anything they are looking for. A wide variety of valuable products are categorized on the left to make them accessible for you or you can search for a specific product using the search feature of Web Trader.

Notifications and Alerts Feature of Web Trader

The notification feature and push alert is quite fascinating. Through this feature, you can send an email, send SMS and push notifications.

The alert feature of web traders informs you when the price of your investment instrument appreciates to a certain percentage.

Through the alert and notification feature of web trader, you can devise your investment strategy accordingly.

Transparent Portfolio

The web version of Plus500 provides a transparent portfolio to its users thereby users can view at any time how much they have paid in overnight fees. The composition of the users’ investment portfolio is visible in the bar at the top of the medium.

Mobile Version of Plus 500 Broker review

The Mobile version of Plus500 contains all the functionality of the desktop version. Through the Android, iPhone and iPad app of Plus 500, users can get access to a wide range of investment instruments, conditional orders, account details and more than 100+ technical indicators for intra-day trading.

To mitigate the potential risk of data theft or unauthorized access, the mobile version of Plus 500 comes with the security feature such as fingerprint lock to open the application.

The dynamic chart of the market sentiments displayed by the mobile application of Plus 500 can be extended to the full screen so the users can gain valuable insight from it.

Users of the mobile app of Plus500 can easily withdraw and deposit their funds with just a few clicks.

Some traders are too much conscious about the security so they avoided all those apps that doesn’t have sufficient security measures to mitigate the risk of a data breach that’s why the mobile version of Plus 500 ensures the highest level of security and incorporates the essential and adequate security measures within their app to mitigate the risk of all the expected security vulnerabilities such as race conditions, cross-side-scripting, SQL injections, cross-side-request-forgery, Insecure direct object referencing and server-side-request-forgery.

Even though the mobile version of Plus 500 lacks the support of MT4, but it offers a wide range of customizable features and resources that are extremely beneficial for experienced investors.

Pros of Mobile Trading Platform

  • UI layout of the mobile trading platform is user-friendly and easy-to-use
  • Anyone with no prior trading experience or technical expertise can simply log in to the mobile trading platform using the 2-step safer login process
  • The search feature of the mobile trading platform is quite unprecedented.

Cons of Mobile Trading Platform

I didn’t notice any drawbacks in the mobile trading platform.

To restrict an unauthorized person from accessing your mobile trading account, Plus500 provides biometric authentication service to its users.

Products Offered by Plus500

Plus500 is primarily a forex and CFD broker, but it also offers a wide range of investment opportunities to its users.

There is a wide collection of CFDs and currency pairs available at the platform of Plus500 that you can select and start trading.

If you are interested in trading CFDs then there is no better platform than Plus500. Aside from CFDs trading, Plus500 also offers a diversified collection of crypto-backed assets.

Core Features of Plus500 Broker Review

Here are the key aspects of Plus500 that make it set apart from other brokerage companies.

Charting

The charting tool of Plus500 is phenomenal. It allows the users of Plus500 to gain valuable insights into the market data and predict the market sentiments.

Aside from the charting tool, Plus500 provides 107 technical indicators so the users can compound their seed investments easily.

News Feed

In the Plus500 brokerage platform, you’ll be informed regarding all the recent economic developments so you can prophesy the prospect of the investment instrument you are interested in or is currently holding.

Aside from the Newsfeed feature of Plus500, you’ll find the well-designed economic calendar.

If you are aware of the fundamentals of investment, you must know the importance of the macro events and the company related event for an effective investment strategy.

Plus 500 Broker Research Tools

Plus500 research tools and the traders’ Sentiment tool displays the exact proportion of the number of buyers and sellers at any particular time leaving and entering the market.

Customer Support

Plus500 offers its customers unprecedented customer support with 24/7 email support and live chat support. Both the live chat support and email support tranquilize the queries of the customers instantly.

Even though there is no phone support by Plus500, but you can call them via WhatsApp. All the customers of Plus500 express their esteem satisfaction with the live chat support and email support of Plus500.

Security – Is Plus500 safe for trading?

To evaluate the safety and reliability of any brokerage service platform, two facts should be taken into account.

  • What is the disaster recovery plan of that particular brokerage platform
  • What is the credibility of the broker you’re assigned?

Plus 500 is regulated, licensed, and is a safe broker to trade forex and CFDs with. Plus500 is considered low-risk, Plus500 is publicly listed company. Plus500 (or one of its subsidiaries) is authorised by the Financial Conduct Authority (FRN 509909), Cyprus Securities and Exchange Commission (Licence No. 250/14), ASIC (AFSL #417727), FMA in New Zealand (FSP No. 486026), FSCA in South Africa (Provider #47546), and the Monetary Authority of Singapore (License No. CMS100648-1).

Education

Pluss500 broker review about the education-related material is scarce at the Plus500 platform, but to familiarize newbies with its platform it allows them to create demo trade account so they can acquaint themselves with all the key aspects of Plus500.

Some sort of education-related material is available at the “Travels Guide” section.

Conclusion – Plus500 Review

Plus500 is an outstanding CFD trading platform and forex. It is highly recommended for those retail investors who are quite aware of the potential risk of CFD trading.

If you haven’t started your investment journey as yet and looking for an appropriate trading platform therein no technical background is mandatory then Plus500 is the best option for you.

Despite being the fact there are numerous other platforms offers the same services, but the features ofwhile reviwing the  Plus500 is unmatched with any other forex broker or CFD trading platform

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.”