Posted on: 02 March, 2024
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500.com is widely popular among professional traders. Back in 2008, the company started to offer financial services to the retail traders. Having the headquarter in Isreal, it is also listed on the London Stock Exchange as one of the leading CFD brokers.Over the past years, the company has established a profound reputation in the online community. This broker is also heavily regulated by CySec, FCA, ASIC, FMA, FSB, and MAS.
- Plus500UK Ltd authorised & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681),
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
In this article, we are going to highlight some of the key features of Plus500.com. After reading this article, you will know this broker highly recommended by the professional traders.
Most of the retail brokers are not heavily regulated. Things become really hard when it comes to achieving regulations from multiple financial regulatory companies. But Plus500.com has done a brilliant job by securing multitier regulations which spread about their seriousness and transparent nature. All client funds are held in segregated client bank accounts, to ensure maximum protection of the funds.
Plus500.com are always adding new assets to their list so that their valued customers can access a wide range of trading instruments. When it comes to trading costs, they are offering a tight spread trading environment with a relatively low swap. However, the inactivity fee might become a problem for the irregular trader. So, if you are not a serious trader, you might have to pay the inactivity fee.
Indeed, Plus500.com is most designed for the high-end traders but this doesn’t mean they are not helping the rookies. They have strong educational resources which the retail traders can access for free. Being a new trader, you can use the trader guide and the videos available in the education sections. To get fresh educational content, you can visit the education section regularly.
Plus500.com has done an excellent job of partnering with multiple payment processing systems. They accept major credit and debit cards across the globe. You can also fund your account with popular e-wallets like Skrill. The minimum deposit requirement for the Plus500.com is $100.
Plus500.com is offering 24x7 customer support which is very hard to find. The customer support team can give their service in 32 different languages which makes the communication process much easier. If you want to rate Plus500.com in terms of customer support, they are one of the best in the market. You might be a new trader with some minor issues but the Plus500.com team will take care of that problem with high priority.