Plus500 review

Company Details & Client Fund Protection

Plus500, as earlier indicated, is an Israeli owned firm that has vast experience in the forex CFD trading sector having been around for almost a decade. This has put it in a position to develop well-crafted products to its many clients in terms of favorable trading conditions in the foreign exchange sector. Due to these favorable terms, it has attracted clients worldwide and has expanded with offices and subsidiaries in countries such as the United Kingdom, Cyprus, Singapore and Bulgaria among many others. This influx in clients from different parts of the globe has created the need to incorporate many different languages to cater for them and these include English, Chinese, French, Danish, Arabic, and Polish among many others . This enhances the communication for all clients interested in the platform.

With client satisfaction being their top priority, it is no surprise that Plus500 has invested in a very professional workforce that is dedicated to delivering excellent customer service. The staff ensures that any concerns raised by  customers are sorted . This is evident in the plus 500 customer reviews and comments that are full of praise to the operation mode of this firm.

Pus500 is a credible and legitimate firm that has all its operational licenses valid and up to date. This is further boosted by its listing on the prestigious London stock exchange. It has valid operation licenses from the following regulatory bodies:

• A valid operating license from the United Kingdom’s financial conduct authority (FCA).
•  Plus500CY Ltd is authorized & regulated by CySEC (#250/14).
• A valid license from the monetary authority of Singapore (MAS)
• A valid license from Israel’s Israel securities authority (ISA).
• A license from Australia’s Australian securities and investment commission (ASIC).

In keeping up with the set regulations from the regulatory authorities, Plus500 has put up some strict measures to guarantee the safety of clients’ funds bestowed upon them. Among the measures put across include:

• Use of segregated bank accounts away from the company’s funds.
• The company uses its own funds for hedging.
• No exposure to sovereign or corporate debt.
• Does not invest the funds of retail clients.

Trading Conditions

Fees

• Overnight funding – An overnight funding amount is either added to or subtracted from the account when holding a position after a certain time.
• Currency Conversion Fee –  0.7% fee on trades involving instruments in a currency different from your account’s currency.
• Inactivity Fee – If one does not log into their trading account for at least three months, a fee of up to USD $10 will be charged.
  

Commissions

No commissions are charged at all while trading with Plus500.

Leverages

Plus500 offers competitive leverage of up to 1:30.

Minimum Initial Deposit

The minimum initial deposit stands at £/€/$/AU$100. This amount will serve as your base capital in trading.

Trading Platforms

Plus 500 uses among the most advanced trading platforms that are equipped with features that will ensure a very superb trading experience. The trading platforms include the webtrader, the mobile trader and also the windows 10 trader.

The Plus500 Webtrader

The webtrader will allow a client to execute his or her trades through the webpage. This is a very simple model of execution and is compatible with most browsers. The features of this platform are:

• Fast execution speeds
• Compatible with most web browsers
• Offers  a variety of charting and analytical tools
• Easily accessible
  

The Plus500 Mobile Trading Platform

The mobile trading platform is a downloadable application that comes in two the android platform and the ios platform. The following are the features of the mobile trading platform.

• Fast in the execution of trades.
• Free to download (Android & iOS).
• Easy to launch and quick to trade.
• Offers the best tools for charting, drawing and analysis.

Deposits and Withdrawals

Deposits and withdrawals are straightforward at Plus500 and accept options such as Mastercard and Visa debit or credit cards, wire transfer, GooglePay, PayPal, Trustly and Skrill. The processing time is instant but may take longer for bank transfers which may take up to two days. No fees are charged for either transaction.

Briefly About Plus500

In conclusion, this is among the most reputable forex  brokers with the utmost credibility and with a reputation of offering the best trading conditions for CFDs. In terms of client friendliness and execution of trades, it would get a score of 10/10. This is a highly recommendable broker for both experienced and novice traders, offering a demo account, Trading Academy, webinars, and insights to help you learn.

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.