Plus500 Review by Forex Peace Army

It is regulated by the UK financial conduct authority which is the main regulator for Plus500. Customer instruction materials are generally missing from the Plus500 platform and the trading platform which is accessible is light when compared to Plus500’s rivals. For every event, we can view the time, nation/currency affected related instruments, title of the event, and rates for actual forecasts. Moreover, at the top of the calendar, the trader can change the view to a corporate events calendar. Almost several brokers offer an economic calendar on their trading website, so does Plus500. The information on the economic calendar originates from Dow Jones.

Be careful with CFD trading, as preset leverage levels are high and investors can easily lose money when trading CFDs. However, they lack the latest trading tools and features and offer just the basics. Also, copy trading is not provided, which are offered by several brokers in the market currently. This language switch is intended to make the traders more comfortable and ensure a good trading experience.

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Such delinquencies made possible the investment fraudsters their criminal work only. In May 2015, Plus500 was hit with massive value loss when its stock plunged almost 60 percent due to the company’s move to freeze UK based trader accounts. The UK Financial Conduct Authority had ordered Plus500UK to freeze the accounts as part of a review into anti-money-laundering controls.

Additionally, Plus500 provides alerts on market events and price movements for its traders. For trading in Plus500 in its product offering, users can select from its web-based, and mobile trading platforms. In addition to the fees listed above, Plus500 also generates income through its trading spreads. Obviously, it will not be possible for us to provide you with specific spreads for some of their instruments as these spreads will fluctuate throughout the trading day. Equipped with this knowledge, investors would never have gotten involved in an investment at Plus500. Now the only option left to them is to seek recovery of the misappropriated capital.

Just mark them down and never open positions without making sure you are comfortable with the margin. This kind of stuff is a little opportunistic but I guess they need to make money also. But as they do CFD’s it takes a while to get used to their quotes. Id’ recommend starting out small oir demo and get a feel for it as their quote will reflect their own position and may not be reflective of the General Market price. They further closed position overnight at the very lowest price pretending that the postion had reached its time lime. Because of all this I missed out on some potential important gains.

Plus500’s calendar includes a list of the most highly-affected instruments for each economic event. I have a fulfilling 9 to 5 job as a digital marketer, but I also have several side gigs I enjoy working on. When I decided to launch my own website I took on the challenge of learning how to program, as I wanted my site coded from scratch. I have to say that finding online educational resources was a blessing.

Educational and Research Support

The time frame for processing a withdrawal request is normally 1-3 business days, in order to allow Plus500 to complete various security checks before releasing the funds from your account. All withdrawal methods have minimum amount thresholds which can be found on the withdrawal screen on the trading platform. The platform also offers a wide array of trade risk management tools like close at profit and close at loss price levels, guaranteed stops, margin calls and trailing stops.

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Is Plus500 real money?

All you need to do is speculate on the price of the assets. If the predictions are correct, you will take the differences in the prices as profit. And in regards to other brokers for leveraged btc/usd trading you can look at iqoption and kraken.

If you found this Plus500 review useful and want more information on the best brokerages available, check out our broker comparison page. Plus500 is an ideal broker for experienced traders looking for a CFD trading platform with competitive rates. Suitable for traders and not investors looking to buy the underlying asset. The desktop version of the trading platform, which traders can download and install on their computers.

The EUR/USD commences with a minimum mark-up of 0.8 pips or $8.00 per 1 standard lot, between 25% and 50% more expensive than commission-based offers from competitors. The same applies to most assets, but a few remain competitively priced, like oil, several index CFDs, and select equity CFDs. I recommend traders check desired assets and compare them to other brokers to evaluate the costs for their strategies. According to AtoZMarkets’ research, Plus500 is a reliable Forex broker with a unique trading platform. The broker offers all the essential trading instruments and fulfills client’s requirements in every aspect.

Plus500 is the largest CFD provider in Spain, Germany, and the United Kingdom. You will also be required to comply with various KYC regulations that require you to verify your identity using your ID, Address, and Tax ID Number. Once you have complied with these requirements, you will be allowed to begin depositing funds into your account. Opening an account with Plus500 is a straightforward process that should take no longer than one business day to complete. In March 2022, Plus500 acquired the Japanese company, EZ Invest Securities – which specialises in the trading of securities and derivatives. In June 2018, Plus500 launched its Economic Calendar, covering major financial events and indicators from all over the world, which are provided by Dow Jones & Company, a subsidiary of News Corp.

I raised a request but never get any feedback and lost 600 USD as the price moved against my position. IF ANY REGULATOR read this you should seriously look into it . As crypto currencies are traded real time on blockchain platform it is very easy to verify the obvious pricing scam from PLUS 500. Also their pricing update is happen more real time when you are breaking the buck but as soon as you are in the money the and the market move in your favor the price is not updated or very slowly. I have experienced like to today 12 minutes for an update !!!!!!!!!!!!!!!!!!!!!

Further, shares are segmented into popular shares from 21 different nations. Plus500 mobile applications comprise all the functionality compared to other mobile trading apps. Further, it does not allow for automated trading through expert advisors xtb platform or any other trading algorithms for that matter. Plus500 can be considered as a suitable option if you are looking for a brokerage firm that is licensed and authorized to operate in various jurisdictions, then Plus500 is the right choice.

The Close at Loss order gets activated when the market moves in an unfavorable direction. Trading on this platform doesn’t give you any ownership rights over the underlying asset. ETFs – Plus500 provides a long list of ETF contracts with more than 50 available for trade. SPY, FAZ, QQQ, ERX, XME, IYR, SPXU, VNQ, XLP, EXW1.DE, SFY.CHA, GDX are just some of ETFs you’ll find here.

Opening several accounts is clearly against the T&Cs and a very good reason to terminate all accounts you opened trying to receive bonus money. Broker with good regulation but poor trading conditions. Besides it they offer bonuses which mean that this broker is market maker.

It’s a mystery how people can work for this company with their souls and consciousness intact. I suppose when you cannot develop or create anything of real value in this world some people work hard to scam those who do. The services and financial instruments offered by Plus500 may be restricted in certain jurisdictions; it is your responsibility to act according to the local law. CFD trading is risky, but the risks are hedged better when trading with Plus500. You can create your account today, choose from the list of supported CFD assets and start trading right away. Investments are subject to market risk, including the loss of principal.

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These reviews are very biased and they gain financially. They are often aggressive in there tactics and many times neither contain the affiliate disclaimer nor accurate information. The information is sourced from Plus500 once they join up to the affiliate program.

If something happens or you complain these idiots are supposed to help out. I would change my review if they responded to my rightful complain, they never did investigate or reply back seriously giving the stolen funds back. Plus500-ng.com cannot be tagged a scam platform at the moment. Because, no one has reportedly been scammed by this platform. Plus500-ng.com was launched on the 15th of June, 2022 and its domain registration with expire on the 15th of June, 2023, making plus500-ng.com a 21 days old platform when this article was published. When anyone register on the platform using your referral link, you get rewarded by the platform with a commission in 3 levels 10%,5%,1% respectively.

Index CFDs

Plus500 offers a simple, hassle-free solution if you just want to trade without the physical instruments. One of the USPs of Plus500 is that the broker provides a wider selection of cryptocurrencies CFDs for you to trade, as in comparison to other Forex brokers. The minimum deposit requirement for the live account is 100 units in local currency. Therefore, it depends in which country you live and register your trading account with Plus500. For example, if you are a citizen of the UK and based in London, then your minimum deposit would be 100 GBP.

Few noteworthy benefits of trading Bitcoin or other cryptocurrencies with Plus500 are their Traders Sentiment instrument which is included predominantly on every digital currency page. This instrument shows what percentage of traders are purchasing and selling every cryptocurrency so that the user can consider patterns before buying. As per our Plus500 review, Plus 500 website is very organized and user-friendly which makes it an enjoyable trading experience for new and experienced users. Users can switch back to another language whenever the need arises. The minimum deposit required by the brokerage depends upon the mode of depositing the funds.

Traders Reviews

Being listed on a stock exchange, regulated by several top-tier financial authorities, and disclosing its financials publicly are all good signs for Plus500’s safety. The broker charges financing rates if the trader holds a leveraged position for over one day. It provides customizable charts, where it helps traders to conduct technical analysis on any of the instruments while considering trading. However, compared to other brokers, it does not offer the MetaTrader4 platform option which would give the users greater functionality and adaptability.

The fee is charged because Plus500 will be spending time and resources keeping your account secure and open for you to come back and use it. As earlier mentioned, trading CFD assets on Plus500 doesn’t warrant any fee. You may also be able to use regional payment methods to add money to your trading account on Plus500. From the information available to us at the time of writing, the spreads can also vary, as this is done to create a balance. Yes, you can trade with leverage on Plus500 because using leveraging trading can increase your chances of making profits. Fear and greed are some of the factors that can impact the price of a crypto asset.

The basket of stocks is another name for famous indices. By investing in important indices through Plus500, you may increase your financial opportunities and diversify your portfolio. In your trading journey, the mobile app is an added technological edge. The best aspect is that you can use your mobile device to access 350+ products and CFDs. Furthermore, the Plus500 trading apps are available for both iOS and Android. Webtrader allows you to do a full technical analysis and trade accordingly, utilising the analytical instruments sensibly.

The Guaranteed Stop Order is a fee charged by Plus500 to help close your trades at the limit you set. That way, you wouldn’t lose more money even if the market is extremely volatile. According to Plus500 reviews, it offers trading instruments with their continuous delivery maturity model CFD and forex services, which include cryptocurrencies, indices, shares, options, commodities, and ETFs. It has a wide range of tradable instruments, which includes 50 forex sets, options, stock indices, with a minimum deposit to open a live account.

After that i decide to veryfi the other account so i can make her account loaded whit some money. And not sure which avenues to take the after purchuse requirements seem like a red flag indeed. After providing all the requested details and verifying my phone I made a deposit, however only AFTER that they asked for the ID & address verification. The only way you will get money back from Plus500 is if you call them.

Before co-founding Plus500, Mr. Haber served as chief operating officer of InterLogic Ltd, a ‘skilled games’ programme provider for the internet, and mobile devices, which he co-founded in 2004. At his current job, Haber has contributed significantly to the development of Plus500’s trading platform, making it user friendly and all-round more competitive. There is also chat support in English 24/7 in most jurisdictions it operates in.

Beginning from 9th March 2018, the largest owners of the organization were big investment banks and asset management organizations, such as Morgan Stanley and JPMorgan. To open a position, you need to log into your account and go to the tab Trade. Select what you want to trade, and then click on Buy/Sell. Then, the position screen will open, where you can choose the trade size.