Plus500 Review - ✅ 100% Legit Broker May 2024

OVERVIEW/BACKGROUND

Plus500 is a company founded in 2008 that offers a platform for Contracts for Difference (CFD) trading. With CFDs, traders speculate on price movements of assets like currencies, commodities, indices and stocks, without owning the underlying asset.

The Plus500 platform is user-friendly, providing features like:

• Demo account with unlimited virtual trades for practice
• Risk management tools for responsible trading
• Mobile apps to trade on-the-go

Plus500 has over 2,000 financial instruments available to trade as CFDs. They keep client funds in segregated accounts, separate from company funds.

Over the years, Plus500 has launched innovative features like Bitcoin trading in 2013. They have sponsored major sports teams and continue updating their platform.

Plus500 operates globally but also complies with local regulations. For example, their Australian subsidiary Plus500AU Pty Ltd is authorized to offer CFD trading to Australian residents under licensing rules.

Plus500 provides an established, regulated and easy-to-use platform for trading CFDs across a huge variety of global financial instruments.

ACCOUNT TYPES

Plus500 offers two account types:

• Demo Account: This is a free practice account with unlimited virtual trades using fake money. Useful for testing strategies.
• Real Money Account: This account uses real money and allows you to profit (or lose) from trading. To open this account you need to provide personal details, ID verification documents, email, password, etc. The minimum deposit is 100£/$/€.

Both account types give you access to trade the same financial assets like forex, stocks, commodities, and more. You can switch between demo and real money modes anytime.

The goal is to first use the demo account to build skills. Then when ready, make a real money deposit to start trading and potentially profiting from the markets. Plus500 has fair requirements to open a live account while keeping the process straightforward.

TRADING PLATFORM/SOFTWARE

The Plus500 trading platform is easy to use with many features for both beginner and experienced traders.

You can trade CFDs on a wide range of financial assets 24/7. This includes commodities, indices, forex pairs, stocks, ETFs and options.

Benefits of the platform include:

• Email and live chat support
• Available in 50+ countries and 30+ languages
• Spread fees on trades (see fee details on their website)
• Free demo account with unlimited practice trades
• Negative balance protection (guaranteed under EU regulations)
• Mobile app to trade on-the-go

Plus500 offers an intuitive and globally available trading platform for CFDs across thousands of markets with competitive fees/spreads. Useful for traders of all skill levels especially beginners wanting to try a risk-free demo account.

DEPOSIT OPTIONS

Making deposits to fund your Plus500 account is easy with many payment options:

• Bank transfers
• E-wallets like Skrill and PayPal
• Debit/credit cards (Visa, Mastercard, etc.)

Deposits are free - Plus500 does not charge fees. You can also use a joint bank account if the name matches your trading account.

To deposit:

• Go to 'Funds Management'
• Click 'Deposit'
• Select your preferred payment method

Before trading, you need to verify your account with ID documents like passport, driver's license etc. This is a standard requirement for legal reasons.

Overall, Plus500 offers convenient and free deposits through various common methods. Just make sure to validate your account first per the documentation guidelines. Then you can fund your account online in just a few clicks and be ready to start trading.

MARKETS

A wide range of markets is available for trading CFDs with leverage up to 30:1. These include the following:

Shares

CFD trading in shares is available on a wide number of options. The world’s most actively traded shares are all available.

Indices

Indices are statistics that show how much a group of stocks is valued at. Indices include the S&P 500 index, the Dow Jones industrial average, the New York Stock Exchange composite index, the FTSE 100 index, the CAC, the DAX, the Ibex 35, and others.

Currency pairs

Currency pairs can be traded in CFD format. Currency pairs come in the following forms: major pairs, minor pairs and exotic pairs. A full listing of currency pairs is available on site under the financial instruments section.

ETFs

ETFs are huge funds that measure the performance of indices such as the S&P 500 index, or the NASDAQ 100 index, as well as commodities like gold and oil.

Commodities

Commodities range from oil to wheat to gold. They are hard assets and there are scores of them. They are typically categorised into any of the following 3 formats: metals, agriculture and energy. Plus500 offers a wide range of CFD commodity trading.

Options

CFD options are available at Plus500.

CUSTOMER SUPPORT

Plus500 offers customer support through:

• Live chat: Available 24/7 after entering some basic information
• Email: Submit support tickets anytime

There is also an extensive FAQ section covering topics like:

• Deposits & Withdrawals
• Trading & Platform Questions
• Account Verification
• Regulation Info
• Financial Instruments etc.

The chat support teams are responsive, knowledgeable, and helpful.

Accessing Plus500 customer service is straightforward through instant chat or email support. Common questions are likely answered in the FAQ database as well. Between these options, traders can easily get their issues resolved or questions answered.

SAFETY

Plus500 follows strict anti-money laundering (AML) procedures. This ensures ethical business practices and legal compliance.

However, despite providing risk management tools, CFD trading always carries the risk of losing money. No guarantees are made about profitability or avoiding losses.

Plus500 operates under regulatory AML obligations for a fair trading environment. But with any CFDs, traders are responsible for their own risk/money management as losses can occur.

USER-FRIENDLINESS

Plus500 offers a free trial with unlimited demo trades. This lets you test their platform risk-free.

When ready to trade real money, signing up is easy and available in multiple languages.

You can trade CFDs on thousands of financial instruments including indices, commodities, stocks, ETFs, options and more.

If any issues arise, Plus500 provides customer support via:

• Online contact forms
• Email
• Multilingual FAQ section

So in summary, Plus500 allows seamless practice trading on a demo. When you want to start trading real money, you have access to a vast range of markets with helpful customer support available if needed. The account opening process is user-friendly too.

FINAL THOUGHTS

The Plus500 trading platform is easy to use for trading CFDs across many markets including:

• Stocks
• Index Funds
• Forex
• Commodities
• ETFs
• Options

Key features that make trading simple are:

• Intuitive and dynamic interface
• Availability of a free demo account to practice risk-free

By combining an accessible platform layout with the ability to trade fake money, Plus500 allows both new and experienced traders to easily trade CFDs on thousands of financial instruments. The simplicity helps focus on executing trades rather than navigating complex menus.

In summary, Plus500 provides traders an user-friendly and convenient experience for trading a diverse range of assets all in one place. The free demo account also lets novice users develop skills without risking capital.

Plus500 Details

Primary Category	CFD Trading
Secondary Category	Forex
Website	https://www.plus500.com
Affiliate Program	Available
Monthly visits	7100K
Tags	Commodities CFD Trading Forex Indices Options Trading Shares Trading ETFs Web Trader Mobile Trading

Screenshot of Plus500