Your capital is at risk. CFDs are the only products that Plus500 offer.
Plus500 UK Ltd is one of the brokerage firms found in the United Kingdom; they have been offering financial services to their clients. Their ambitions have been centered on growing their business so that they can offer better and more reliable services to their clients.
They have a presence in four countries where they have also been registered and are regulated by the various financial bodies. Plus500 Ltd has subsidiary's in the United Kingdom, Cyprus, Australia and Israel.
The London office is registered as Plus500UK Ltd; authorised and regulated by the Financial Conduct Authority (FRN 509909).
The brokerage firm is also in Australia registered under the name Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission; authorized to issue these products to Australian residents.
The other office in Cyprus is registered as Plus500CY LTD, authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500 Ltd is listed on the AIM, section of the London Stock Exchange for the past 3 years and this is very important for them since it gives them more accreditation in the financial industry.
They have also gone a step further to get involved in sports sponsorship and they have gone big on this endeavor by sponsoring Atletico Madrid, a top Spanish team. They have incredible tradable assets and an efficient platform to back it up.
Plus 500 Review of the Accounts
Plus500 have made it easy for their clients, they only have one account, that has a minimum deposit of $100.
This amount is very affordable for clients who want to start out and they may want to test out the platform and spreads for the various trading instruments offered by the broker.
Also if you are strapped for cash and you want to start with that amount, you are lucky because they have a good leverage of 1:300 which can really boost your trading.
Although leverage can be double edged sword for its user, if you are a proficient trader you can use this advantage to make proper profits, the same can lead to you losing your account wholly.
They also have a demo account where one can learn how the platform works and can try out different strategies before putting real money in the line.
What is Plus 500: Review of their Trading Platform
Plus500 decided to go a different way when it came to their trading platform. They decided to give the client a different experience, many brokers offer third party trading platforms integrated with their servers but do not go an extra mile to create one for their clients.
Plus 500 have a trading platform that is compatible with different user bases. The platform is built in such a way that you can access through the internet and you can as well download it onto your desktop as an application and you can download the app either from the Android or Apple store and carry on with your trading wherever.
They have the WebTrader, Windows trader, and the Windows 10 trader optimized for that operating system.
Deposit and Withdrawal Options
Plus500 have different options for withdrawing and depositing funds. All this can be done after you have verified your account and you have been approved by the back office. Their options range from bank wire transfer, credit and debit cards, PayPal and Skrill for online payment options.
As a client you should know that your deposit option will correspond to your withdrawal option. Once you withdraw the full amount deposited by that option that is when you can choose another withdrawal option but it should match your credentials.
The deposits and withdrawals may have some charges it is important to inquire before utilizing any of the options.
Plus500 ensures that their clients are well catered for and they have gone to great lengths to ensure their customer support services are up to the required standards. They have 32 different languages in which their clients who come from different geographical regions can converse with.
They have a dedicated support center where all issues are handled, as from deposit and withdrawal, to technical issues such as trading platforms and many more.
Their e-mail service runs 24 hours a day and you can send your issue and the right person will address it. Also they have a live chat.
Plus 500 Conclusion
They have proven to be reliable and focused on ensuring that they work within the guidelines of the law. They have many instruments to choose from, an efficient trading platform that can handle the various types of trading activities performed on it.
Their international presence is proof that they know how to grow a business and that is because of their relationship with their clients. I would recommend them to a client who is seeking a new trading experience.