Plus500 Review – Is Plus500 Scam or Legit?

Plus500 Review

Pus500 is a well-known online CFD broker with low trading fees, an excellent trading platform, and a fun mobile trading app. 2500 financial instruments, negative balance protection, and excellent customer service are all available to traders. Read this Plus500 review to know in detail about this broker.

To experienced traders wishing to trade CFDs on a user-friendly trading platform, we suggest Plus500. We cover everything you should know about Plus500 before creating a trading account with them in this review.

Spreads and Fees

A favorable spread structure is offered by Plus500. Some non-trading fees, such as overnight funding, apply. The fees at Plus500 are reasonable. They don’t impose a commission or trading fees. The bid spread is how this broker makes money. The purchasing and selling prices include the Plus500 trading charges.

The bid/ask spreads for Plus500 is typical. Both variable and fixed bid/ask spreads are available. Each trading asset will have a different kind of bid/ask spread.

Deposits and Withdrawals

With Plus500, deposits and withdrawals happen quickly and easily. A minimum deposit is required to start a trading account at Plus500. For e-wallets and credit cards, the minimal deposit is 100 USD. Wire transfer deposits must be at least 500 USD.

Users can make deposits and withdrawals at Plus500 using credit or debit cards, wire transfers, bank accounts, and e-Wallets (PayPal or Skrill).

Plus500 Security and Privacy

Plus500 is a reputable broker in the market and a publicly traded corporation. It is regulated by leading financial regulators and listed on the LSE. Singapore, New Zealand, Australia, South Africa, and Singapore all grant permits for trading.

Plus500 keeps customer funds and its own money separate. The money utilized for speculating and hedging is kept apart from client accounts, which greatly increases security.

Trading Assets

For trading CFDs, Plus500 is among the greatest trading platform. 2200 assets across 7 asset classes are available as CFDs. These include indexes, foreign exchange, metals, individual stocks, exchange-traded funds, options, and cryptocurrencies.

Demo mode

Before investing money, customers might consider using the demo mode. Customers get 40,000 fake euros to trade with at no risk or time restriction, similar to a trading account. The demo option is a great method to try out techniques without risking real money.

The Process Of Verification

Before you may make a deposit, Plus500 verifies your residency and identification. Your financial statement, power bills, or phone bill can be requested. You’ll need to present a standard ID.

Web Trading Platform Plus500

The user-friendly Plus500 trading platform has cutting-edge trading tools. Reports on active trades, commissions, open positions, and previous transactions are available. To assure safety, a 2-step verification process is used. The charts, tables, and other images are clear yet understated. Even with the most current additions, personalization is still limited.

Trading App for Mobile

The smartphone app is easy to use and understand. The majority of the tools and functionality available in the desktop version are present. Users may trade while on the go thanks to the user-friendly design of the mobile solution. We appreciate the charts and graphs’ accurate formatting, which is crucial on small screens. The mobile app is accessible on iOS, Windows, and Android devices.

Customer Support for Plus500

The customer service is above average in terms of responsiveness and helpfulness. On the website, Plus500 provides live chat and email support help with a one-hour response time. Compared to the competitors, that is a lot faster.

Plus500 started offering customer service via WhatsApp in 2019. The first CFDs broker to incorporate WhatsApp into its system for providing client service is Plus500.

Conclusion

The high-tech trading platform, dynamic mobile application, affordable trading fees, and no trading commissions make Plus500 a trustworthy CFD online broker. The firm is honest about its operations. It is listed on the London Stock Exchange and is governed by top financial regulators.

To experienced traders wishing to trade CFDs, we advise Plus500. This broker is one of the top rated and most reliable firms in the sector.