PLUS500 REVIEW 2020 - PROS AND CONS REVEALED

Plus500 Review

Plus500 is one of the leading providers of forex and CFD trading. The company is listed at London Stock Exchange’s Main Market for Listed Companies and headquartered in Haifa. Plus500 was founded in 2008 in London. The company is the main sponsor of the football team Atlético de Madrid since 2015.

Regulations:

Plus500 service his client in six regulatory jurisdictions. The Cyprus Securities and Exchange Commission with License No. 250/14 regulates Plus500CY Ltd. Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority with license number FRN 509909. Three regulators regulate Plus500AU Pty Ltd: ASIC (Australian Securities and Investments Commission), FMA in New Zealand and FSCA in South Africa. Plus500SG Pte Ltd holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products.

Accounts:

The company generally offers one set of standard conditions for its clients. The professional clients could receive improved conditions especially in terms of leverage.

Traded instruments:

Plus500 offers more than 50 forex pairs at competitive spreads. The clients of the company could also trade over 30 indices including also Crypto10 indice, which represent the top 10 cryptocurrencies. The offered trading instruments include also big variety of single stock CFDs, cryptocurrencies, commodities, ETFs and options.

The list of Cryptocurrency CFDs includes the most traded cryptocurrencies – Bitcoin, Ripple, Ethereum, Litecoin and more speculative ones like NEO, IOTA, Stellar, Cardano, Tron, Monero and others. This kind of CFDs is available 24 hours a day, 7 days a week. You could take both sidelong or short and realize profits even in case the market goes down.

Plus 500 offers over 70 forex pairs include all most major, minor and exotic pairs, but also US Dollar index and Japanese Yen Index.

The list with indices includes the main stock country indices and VIX Volatility Index, Cannabis Stock Index, Real Estate Giants Index, NYSE FANG+ Index, China Internet Giants Index, Lithium & Battery Index and others.

In Plus500’s commodities list the clients could find the most known like Oil, Gold, Natural Gas, Brent Oil, Wheat, but also more exotic like Lean Hogs, Feeder Cattle and Live Cattle.

Plus 500 offers Guaranteed Stop Order feature. The clients who choose this feature are subject to wider spreads. The guaranteed Stop orders are subject to some additional restrictions. This type of order could be attached only to new open order and not to already opened order. The order can be modified only during the trading time of the instrument. In addition, once placed, the guaranteed Stop order can’t be removed, just changed. One more important restriction is that there is a forbidden zone around the current market price and the Guaranteed Stop Order must be placed at a certain distance of the market price.

Plus500 charge his clients with a 10 USD inactivity fee, in case they haven’t logged in their accounts in the last three months.

Platforms:

The company service his clients through developed in-house trading platform. The clients trade mainly in web and mobile versions of the platform. The platform is one of the highest-rated forex and CFD trading platform in Google Play and Apply’s App store. The platform includes Risk management module, a big amount for trading indicators and it is convenient for trading from novice traders.

Conclusion:

Overall Plus500 provides high quality for trading with big number of trading instruments. The company is regulated by the biggest and strongest regulators in the world, which provides high defense for clients’ funds. Maybe the biggest disadvantage of the company is that they do not offer the most used retail trader platform MetaTrader. But if you could live without Meta Trader, this broker could be your choice.

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