Plus500 Review

Plus500 Review

  • Top Ranked UK Broker
  • Plus500 is FTSE 250 company
  • Trade All Asset Classes
  • Award-winning Trading Platform
4.9

Pros

  • Simple & Intuitive Platform
  • Competitive Spreads
  • No Commissions
  • Trade 24/7

Cons

  • No direct market access
  • Inactivity Fee
  • No Social Trading

If you are looking for the best broker or trading platform where you can invest in Bitcoin, Ethereum and other cryptos, you came to the right place. Our team at EthereumTrading.pro have been on the mission to educate people about trading and investing in the money of the future, the new brave world of cryptocurrencies. Over the past few years, we have seen the rise of Bitcoin and many early adopters who invested in Bitcoin became multi-millionaires. This opened up new opportunities of wealth creation and today every one of us can start investing in cryptocurrencies and it is our goal to provide you with all information you need to join the crypto investors community. Today, we have prepared this Plus500 review to provide a comprehensive overview of this trading platform and answer many questions that you had. Is Plus500 scam or legit? How to buy Bitcoin with Plus500? What are Plus500 ‘s main pros and cons? How much profit can I make with Plus500? To answer this and many other questions, please read this Plus500 review. 

 

Plus500 Review – About  the Company

Today, Plus500 is the UK’s most popular CFD broker and the leading provider of Contracts for Difference (CFDs) where you can trade and invest in shares, Forex, commodities, cryptocurrencies, ETFs, options and indices using innovative trading technology. Plus500 has more than 200,000 active customers with circa 35+ million positions opened and $1310 billion in traded value. Plus500 Review - The UK's Most Popular CFD Broker

Plus500 trading platform is managed by Plus500 Ltd, a UK-based company founded in 2008 in the City of London. Plus500 is authorised and regulated by the Financial Conduct Authority (FCA) in the UK to offer Contracts for Difference (CFDs) on more than 200 financial instruments. Plus500 is also authorised by the FCA to hold clients’ money which is kept on segregated accounts in accordance with the FCA client money rules. Plus500 is also regulated in Cyprus, Australia, Singapore and Seychelles. 

Another notable fact is that Plus500 Ltd is the only CFD broker that is a publicly-traded company listed on the London Stock Exchange. The company went public in 20014 at the AIM section of the LSE market with a valuation of circa $1bn dollars. In 20018, the company was admitted to the main LSE market and was included in FTSE250 index- the list of 250 largest companies in the UK. This fact alone ensures that the financial standing of the company is at the highest level as Plus500 continuously needs to comply with strictest LSE listing rules on governance and reporting. 

Plus500 is also supporting a number of sports teams and events, including but not limited to a sponsorship deal with the Spanish champions Atlético de Madrid football club, sponsorship deal with the “Plus500 Brumbies”, 2017 Super Rugby Australian Conference Champions, sponsorship deals with three major football clubs – the Swiss Super League champions BSC Young Boys, Poland’s champions Legia Warsaw and Atalanta B.C.

Plus500 – the Pioneer in Online Trading

While writing this Plus500 review, we could not but to mention all the achievements of this company in pioneering online trading.  Plus500 was the first trading platform to introduce Bitcoin and Ethereum CFD into the market. Since then, the company became one of the largest crypto brokers in the world. Plus500 was one of the few trading platforms (together with AvaTrade) to offer CFD trading on options and is also one of the first CFD brokers to offer guaranteed stop loss on trades. 

Plus500 Review - The UK's Most Popular CFD Broker

Plus500 continues to invest in the development of its technology and continuously introduces new features to its trading platform. Today, investors can trade and access the markets 24/7 via the Plus500 WebTrader terminal, Windows 10 Desktop software and an awkward-winning iOS or Android mobile app. 

How to Start Trading with Plus500

One of the key advantages of the Plus500 broker platform is that it is regulated by the FCA in the UK which means the company needs to comply with all policies and regulations and follow strict guidelines. It is very easy to open an account with Plus500 and all you need to provide is your email address and your name. The account opening is free and you can log into the platform immediately. 

Once you open the account, you will need to complete the KYC (Know Your Client) process by submitting a copy of your passport and proof of address. All this is done automatically and 9/10 your account verification will be complete in a matter of minutes. If for some reason, you KYC can not be completed automatically, the customer service representative will reach out to you almost immediately to complete the verification process. When preparing this Plus500 review, we have opened a real money account and the verification took about 7 minutes since we uploaded the docs. 

Once Plus500 account verification is complete, you will need to deposit funds to start trading. The minimum deposit with Plus500 is $100 but we recommend starting at least at $500 if you want to see some results. You can deposit funds using some of the most popular payment methods such as Debit or Credit Card, PayPal, Bank Transfer and a number of others. Depending on the payment method you choose, the transfer can take from minutes to a couple of days (in case of the bank wire). 

 

Overall, we found that the account opening process with Plus500 is very simple and straightforward, and most of the users with any level of experience should find it very easy. This Plus500 review won’t be complete if we don’t mention outstanding customer services support that is available in 25+ different languages 24/7. 

How to Open Free Demo Account with Plus500

When preparing this Plus500 review, we have to emphasise one very interesting feature which would be particularly interesting to the beginner investors. For new users, Plus500 offers a Free Demo Account where you can trade risk-free with $40,000 of virtual money. With Plus500 Demo Account you will have full functionality of its trading platform and can invest in any asset class. You can learn how to execute buy and sell orders, play around with graphs and technical indicators or try any other platform features. You can also test some of the trading strategies all risk-free just using virtual cash. So if you want to start trading but don’t want to risk real money straight away, you can start trading with a free demo account before you get more confident and familiar with trading. 

How to Place a Trade Order with Plus500

As we mentioned before, Plus500 has been at the forefront of online trading for more than 10 years and has heavily invested in the development of its trading platform. As a result, Plus500 WebTrader platform and mobile apps are super user-friendly and have a very intuitive interface. As you can see from the screenshot below, it is very easy to make Buy or Sell orders. 

First, you need to select a Trade Size and a number of contracts you want to trade. For different asset classes, the value of 1 contract would be different so you need to look not just at how many contracts you want to buy, but also what is the value of these contracts. To make it easier, Plus500 will show you the value of the contract both in trading currency and also your local currency. Depending on your trading parameters, it will also show you the margin requirement for each trade. 

Plus500 Review - The UK's Most Popular CFD Broker

While preparing this Plus500 review, we came across a number of very useful features that can make the life of any investor much easier when it comes to managing the risks.  You can set parameters for the trade to automatically close once the profit target or stop loss have been reached. Again, Plus500 makes it very easy to understand what Profit or Stop Loss you are targeting and the system will display it to you in absolute or relative terms. Advanced Features include a Trailing Stop and Buy When Rate is, that allow you to manage your trades even more precise. 

Plus500 Review - The UK's Most Popular CFD Broker

Plus500 Review – Trading Platform Features

In this Plus500 review, we want to emphasise on all the advanced trading features this broker has. Plus500 doesn’t charge any trading commissions and offers ultra-tight spreads with fast and reliable order execution capability. Plus500 is regulated across 6 different jurisdictions and offers support in more than 25+ languages that is available 24/7. 

With Plus500, you can take full control of your trades with all the advanced tools and features that its platform has to offer. Some of the most popular features are Profit Target, Stop Limit, Stop Loss, Trailing Stop, Guaranteed Stop and number of others. Traders can get Free email and push notifications on the market events and trading positions, as well as alerts on price moves, change % and trader sentiments. The list of full alerts is quite advanced and we encourage you to check this functionality as it can prove very useful.

Plus500 Review - The UK's Most Popular CFD Broker

Also, with Plus500 trading terminal, you have access to the full range of tools that are used in technical analysis. You can change settings to display market intervals, change the view of your screen, monitor your portfolio and see parameters of each trading position. You can apply various technical indicators such as Bollinger Bands, Exponential Moving Average, MACD, Moving Average (Deviation and Envelope), RSI, Volume underlay and many others. 

Plus500 Review - The UK's Most Popular CFD Broker

In this Plus500 review, we also have to mention the extensive library of education materials and user guides that Plus500 has to offer. Both experienced and beginner traders will find necessary resources that can help to improve at any level of knowledge and skills. Plus500 also prepared a series of video tutorials covering various topics. 

Cryptocurrencies Investment Universe with Plus500

Plus500 was the first online trading platform to offer Bitcoin CFDs and today users can trade Bitcoin, Ethereum,  Crypto 1o Index, Litecoin, NEO, Ripple, IOTA, Stellar, EOS, Bitcoin Cash ABC, Cardano, Tron and Monero. 

Plus500 Review - The UK's Most Popular CFD Broker

Plus500 also offers 1:2 leverage when trading cryptos. That means that if you want to borrow money for trading Bitcoin, on $100 initially invested you can gain an effect of $200 capital invested. 

Plus500 Fees & Charges

Plus500 trading platform has the following fees & charges which we found to be very competitive compared to other CFD providers.  

Premium –  “Premium” is an overnight fee, either added or subtracted to/from the account if the position is left open after a certain time – the “Premium Time”. This time varies from instrument to instrument and can be found in the “Details” link next to the financial instrument’s name in the main screen of the platform.

Inactivity Fee – If you are inactive on the platform for a period of three months a fee up to $10 will be taken from your account. This is to offset the cost incurred in making the service available, even though it has not been used. The fee will only be collected from the Real Money account if you have sufficient available funds. If you want to avoid paying this fee simply log into your trading account from time to time, this seems to be enough to count for sufficient activity.

 

Guaranteed Stop Order – a feature that many brokers do not offer, is offered for a charge at Plus500. If the position closes at a particular Stop Order, indicated by you, you will be charged this fee.

Rollover Adjustment – when a futures contract reaches its expiration date and an automatic roll-over is defined for the position, all such positions and orders are automatically rolled over to the next futures contract. This service is also a subject to a conversion currency fee. 

Is Plus500 scam or legit? Our verdict 

The answer to this question will be short and clear. Plus500 is not a scam and is a legitimate CFD broker, In fact, it is one of the most popular and reliable CFD brokers currently available on the markets, the company has solid financial standing, it is a publicly-traded company listed on London Stock Exchange and is regulated in 6 different jurisdictions including the United Kingdom. It is trusted by more than 200,000 active users across the globe and the company is on the mission to democratise investing and trading. 

Plus500 Review – Conclusion

As you could have guessed from this Plus500 review, our experience with this online broker was very positive and we can definitely recommend Plus500 for trading Bitcoin, Ethereum and other cryptos. 

When it comes to choosing the reliable trading platform, Plus500 CFD broker is definitely on the top of our list. One of the key advantages for this broker is the company’s financial standing and regulatory framework. Plus500 is a publicly-traded company listed to the London Stock Exchange and is among the top 250 largest companies in the UK. Plust500 is authorised and regulated by FCA in the UK, as well as authorities in Cyprus, Australia, Singapore and Seychelles, Plus500 also offers support in 25+ different languages 24/7

Plus500 have been a pioneer of online trading and were the first brokers to offer Bitcoin CFDs. The company continues to invest in the development of its trading platform and today it has one of the most advanced and sophisticated platforms on the market. The beauty of Plus500 trading platform is that it has all the functionality of this professional trading terminal but at the same time very intuitive and easy to use. And Plus500 Free demo Account will help to learn the ropes of trading even for those with no prior trading experience and you can learn risk-free. 

 

Ultra-low spreads, no commissions,super-fast order execution speed and award-winning mobile apps are among some of the other features many traders find extremely useful and interesting. 

One of the potential disadvantages is that Plus500 does not offer social trading capability like AvaTrade for example. But the rumours are that Plus500 is in discussions with ZuluTrade so hopefully, we soon will be able to see Plus500 on its largest social trading network. 

Other than that, after completing this Plus500 review we can recommend Plus500 as a reliable trading platform where you can invest in all major cryptocurrencies with peace in mind.  

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