Plus500 opinion Is Plus 500 a safe broker?

What is Plus500?

Plus500 is an  online broker  that has been in the market since 2008, offering its services to thousands of clients from almost all over the world. Its offer of CFDs is wide and with them you can invest in various instruments such as currencies, commodities, cryptocurrencies, stocks and much more. The entity behind this trading website is Plus500 Ltd, a company listed on the London Stock Exchange.

On this page we will list one by one all the characteristics that have allowed  Plus500 , brand new sponsor of Atlético de Madrid, to make a name for itself in the online trading industry. For this we will analyze points as diverse as  security and regulation , commissions and spreads or trading platforms available in Plus500. Everything so that you can get to know this broker in depth.

The first thing to mention is that it is a regulated broker that seems to operate with high security standards . We can also talk about a good offer of  trading platforms  and the fact that it offers a  demo trading account . The latter has the enormous advantage that it does not have a specific expiration date and that it allows you to operate without depositing funds. On the other hand, the minimum deposit of the real trading account in Plus 500 is  100 euros or usd .

Remember that trading CFDs carries risks of capital loss. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money.

Are you a regulated broker?

Over the years, Plus500 has specialized in serving all those  retail clients  who wish to interact with CFDs. The company has offices in different parts of Australia and Israel. If you are concerned about the safety of this company, you may be interested in reading the content below.

Like all the brokers that you will find on our website, Plus500 is a  company regulated  by the most prestigious international official organizations such as the Cyprus organization called CySEC. This means that it respects high quality and safety standards. Without fear of mistakes, we can assure you that Plus500 is a well-known and well-regulated broker.

One last piece of information will tell you clearly about the capacity of this company: Plus500 already operates in 50 different markets. Its launch on the  London Stock Exchange  took place in July 2013 with an initial volume of 75 million dollars, an amount that has not stopped growing in the following years.

How Plus500 works

Plus500 makes available to its clients more than 1,000 financial instruments with which to operate through Contracts for Difference. To start trading with this online broker, the first thing to do is open a trading account. The registration process is quick and, once the identity of the user has been verified, they will be able to access the Plus500 Webtrader platform.

From it you can operate any of the instruments that we will summarize in broad strokes below:

Plus500 instrument offering

If Plus500 stands out for something, it is for its wide range of  Contracts for Difference or CFDs . Its clients can choose from a range of more than  2,000 underlying assets  , including the most popular ones such as currencies, options, ETFs, commodities or commodities, stocks, cryptocurrencies and more. This gives us proof of the commitment that this platform makes when it comes to expanding its offer of financial assets.

Another point in favor of this broker is that, having a  relatively low minimum deposit , you will not need a large capital to be able to make investments in various markets and assets. But since we do not want to mention only what seems positive to us, we have to clarify that the offer of educational material about trading at Plus500 is quite limited compared to other brokers.

Cryptocurrencies at Plus500

Some of the cryptos offered are:

Stock indices

Among them you will find:

Metals

You can choose between at least:

Energy raw materials

Among which are:

Shares of Spanish companies

We can highlight the following:

Other actions

Some of them are:

Plus500 spreads and commissions

Another issue in which Plus500 stands out especially is that it has no deposit fees and offers competitive spreads. You will not have to pay anything to the broker to buy, sell or make any type of investment with CFDs, but you do have to deal with spreads. It is the difference between the price at which a CFD on an asset can be bought and sold at the same moment of time and it supposes a  cost when trading . Therefore, the smaller that spread, the more profit the trader will have.

Comparing with other traders, Plus500's spreads are tight. Although your spreads are highly product and timing dependent, the spread is usually reasonable when trading Forex and using the  euro / dollar . The spreads for CFDs on shares also depend on each one of them, but those of Plus500 are still more than reasonable in view of what many other traders offer.

Plus500 Webtrader Platform

In Plus500 you can make use of a Webtrader trading  platform  in which you will not have to pay a deposit commission. In it you will find a wide variety of instruments with which to make your investments. It is one of the most widely used trading platforms and offers a good list of trading tools .

As we mentioned before, to open a real trading account you only have to deposit a minimum of € 100 in the Plus500 platform, so it adapts to the needs of professional traders or retail investors. Another point in favor of this broker is that it allows your trading account to be in Euros, US Dollars or British Pounds. The  ease of registering and opening a real account  will allow you to start trading without major problems.

In general, we can say that the Plus500 Webtrader is an efficient, comprehensive trading platform that adapts to the needs of most traders. Getting familiar with how it works requires practice and this allows you to trade a huge amount of underlyings  accurately and quickly .

Demo Account Plus500

As we saw before, one of the great strengths of Plus500 is that it will allow you to  open a free demo account  with which you can trade with play money. It seems to us the ideal way to fully understand the operation of the platform in all its aspects. Next, we are going to list the most notable features of the Plus 500 demo account:

• No time limits : unfortunately this is not very common, since some brokers impose limits on the time of use of demo accounts (usually between a range that goes from 15 to 30 days). With Plus500 ltd, forget about that limit and use your demo account as much as you want.
• You do not need personal data : to be able to use this type of account you will only have to provide an email and create its corresponding password. Faster and easier, impossible.
• Good initial balance : the Plus500 demo account has a good balance that allows us to invest with up to € 40,000 fictitious.
• Ease of learning : operating with a demo or a real account is the same in terms of how the platform works. Therefore, it is an effective tool with which we can become familiar with it without risking our capital.
• Ease of opening : the process of opening an account at Plus500 is very simple. You just have to download the necessary software on your computer, choose the “test mode”, enter your email address and choose a secure password.

Advantages of trading with Plus500

These are some of the main advantages that operating with this online broker will give you:

• You will have  more than 59 currency pairs  and a wide variety of underlyings.
• It has an   advanced and multilingual platform .
• Their spreads are  competitive  compared to other brokers.
• The  minimum deposit  to start trading is only € 100.
• You can use your  demo account  unlimitedly.

Plus500 opinion

In our opinion, it is a great option when  choosing an online broker  that offers a  wide variety of  financial instruments . Regarding regulation, Plus500 passes all the tests comfortably as it is a broker regulated by various official bodies.

At OkBrokers we only recommend  regulated brokers  like Plus500. Why risk losing money quickly to a scam broker? Open your demo trading account to test their world famous trading platform.

Plus500 Disclaimer

The information collected here about Plus500CY Ltd. and the services offered by this company are merely generic and derived from public information sources or from Plus500CY Ltd. (entity authorized to operate in Spain and registered number 3848).