- No commission trading
- One of the highest amount of language possibilities of all brokers
- Trading platforms are easy to use
- An amazing amount of trading markets
- Market Maker broker
- Does not accept U.S. traders
Started by 6 former classmates at the Technion Institute of Technology, Plus 500 was launched in 2008 in Israel. The company offers CFD trading on a huge variety of trading markets. While the headquarters are in Israel, Plus 500 maintains offices in the United Kingdom, Australia, Cyprus and Bulgaria. The company has gone public and is listed on the Alternative Investment Market on the London Stock Exchange. A world renowned CFD trading broker, Plus 500 has 32 various language structures so nearly anyone can trade CFDs through their system. Plus 500 is a Market Maker broker and leverages can be as high as 300 to 1.
Plus 500 Trading Platforms
The Plus 500 trading platforms are all proprietary. Since the men who founded the company were all highly trained in technology, they were able to develop a great system. Originally, the system was only PC based, but now, Plus 500 offers traders a choice with:
- Web Trader which allows you to trade without a download.
- Windows Trader which was the first design.
- Windows 10 Trader which has been developed for the more sophisticated Windows systems.
And Plus 500 knows that many traders are now using mobile devices to trade. So they have…
- The Windows phone app
- An Android app
- and an iPhone, iPad and Apple Watch app.
So there is a way you can trade no matter the system you use. The system shows both past trades and current positions and comes with various charts and graphs to help you determine the best trades. Also, Plus 500 does offer traders the use of a demo account to get adjusted to the trading system.
Plus 500 Trading Markets
Plus 500 has a monstrous range of trading markets that include: 59 Forex pairs , 23 Indices, 17 Commodities , over 1,700 Shares and over 80 ETFs: .Leverages : Shares 1:20 Forex 1:300 ETFs 1:100 Indices 1:300 Commodities 1:152. There is no shortage of trading markets at Plus 500.
Plus 500 Customer Support
Every broker will have some complaints; it is inevitable. I have viewed various online complaints with Plus 500 and I see that customer service representatives are quick to respond to these complaints for client satisfaction. The Plus 500 website has an in depth FAQs page and if you cannot find an answer or have a concern, they will answer promptly when you send them an email. There are representatives working 24 hours per day, 7 days per week.
Plus 500 Security & Fairness
Plus 500 maintains high levels of security. All client funds are kept in segregated accounts. It is mandatory that you send in anti-money laundering compliance documents before you can withdraw from the system. Those documents include:
- A copy of your photo ID
- A recent utility bill showing your name and address
- And any other proof of you the company requests
It is for your protection and to abide by regulations. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546
Plus 500 Summary
Overall, Plus 500 is a well known and trusted CFD broker. There have been some past issues when in 2015, the FCA froze all United Kingdom accounts for a period of 2 months to check on money laundering activities. This dropped the Plus 500 stock prices drastically, but the company has rebounded from that set back. The fact that Plus 500 is licensed and regulated by so many entities tells us this is a safe and reliable CFD broker.