Trade CFDs on Shares, Indices, Forex and Cryptocurrencies

Plus500 is not actually a binary options broker site, but trading is conducted by using CFD’s (Contract for Difference). However, this is basically very similar to the binary options trading. Plus500 Ltd founded in 2008 is headquartered in Israel with subsidiaries in the United Kingdom, Cyprus and Australia: Plus500 UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Traders should understand that when trading with Plus500 they do not own the underlying assets and they must consider the disclosure agreements on the broker’s website. Plus500 does not support United States clients.

Plus500 is a world leading online Contracts for Difference (CFDs) trading platform for financial instruments such as Forex, ETF, stocks, commodities and market indices. Plus500 is also listed on the AIM section of the London Stock Exchange. We believe regulation to be critical for any serious Forex broker and the fact that Plus500 has so many regulations indicates that your funds will be entirely secure when depositing and trading with Plus500.

ACCOUNT TYPES

Plus500 offers two account options, consisting of a demo account, which has no time limit and can be opened free of charge, and a live account that requires a minimum deposit of 500 AUD/$100. Leverage for forex accounts is a maximum of 1:300. Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes.

PLUS500 TRADING PLATFORMS

Plus500 provides their clients with a cutting edge proprietary trading platform. The desktop trading platform is a web based or downloadable client application, the web based requires no software download or installation hence making it very accessible from most of the countries in the world.

The Plus500 trading platform is available not only as a web based trading platform but also as a mobile trading app for traders who wants to trade using their smartphones or mobile devices. Plus500 is available on Android, iOS and Windows. The broker iOS app provides its clients the opportunity to trade around the clock via iPhone, iPad and Apple iWatch. The Android app is very stable and supports all various devices.

DEPOSITS AND WITHDRAWALS

Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers or through a wire transfer. Due to regulation requirements, each customer is required to provide a photo ID (passport, driver's license or other official document) and verify his registered address, before being allowed to make a withdrawal.

Plus500 offers two kinds of bonuses, a welcome bonus and a deposit bonus. The welcome bonus is a no Deposit Bonus, of £20 (or equivalent in account currency) offered to new traders who verified their cell phone number with Plus500.

For the deposit bonus, the amount of bonus which a trader can claim depends on the amount deposited as well as the total trader points (TP) accumulated. The following table shows the required minimum deposit and TP required for each bonus amount. All Plus500 bonus offers are by Plus500UK and Plus500AU only.

PLUS500 COMMISSIONS & SPREADS

For Plus500, there are no commissions involved in any trade. Instead, traders are required to pay tight spreads on the assets that they are trading with. The following list below shows the typical Minimum spreads that are applicable at Plus500 (Note that there are dynamic spreads).

CONCLUSION

The Plus500 website has a user-friendly website and a user-centric approach which makes a pleasant trading experience for both beginner and experienced traders. With nearly 10 years of experience, it’s no surprise that Plus500 has grown into one of the top CFD services on the market. Remember that CFDs are a leveraged product and can result in the loss of your entire deposit. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.

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Remember that CFDs are a leveraged product and can result in the loss of your entire deposit. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.

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