Plus500 is a global fintech trading platform that offers an advanced yet user-friendly experience for traders of various levels. With a premium listing on the London Stock Exchange and over 26 million customers worldwide, it provides access to a diverse range of trading instruments, including Contracts for Difference (CFDs), share dealing, and futures. Headquartered in Sydney, Australia, Plus500 AU Pty Ltd operates under licenses from key regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand.
In addition to its cutting-edge technology and financial instruments, it enjoys high customer satisfaction ratings, especially on mobile platforms. The company’s mission is to offer intuitive and reliable trading experiences while continuing to expand its product offerings and global market presence.
Safety and Security
When it comes to safety and security, Plus500 prioritizes the protection of its users’ funds and personal data. The platform operates under strict regulatory oversight, with client funds held in segregated trust accounts to ensure transparency and security. Plus500AU Pty Ltd is regulated by ASIC in Australia, which mandates that the company comply with rigorous financial practices, offering customers peace of mind.
The platform also adheres to the highest security standards in terms of data protection. It ensures that all communications are conducted securely, with clients advised to only trust emails and communications originating from its official domains. As part of its commitment to safety, it also provides a clear complaints process and a dedicated customer service team available 24/7 for any support needed.
What sets the Broker apart is not only its technological expertise but also its proactive approach to user security, helping to protect traders from fraud and ensuring their personal and financial data remains confidential.
Minimum Deposit and Account Types
Plus500 provides an easy and affordable way for traders to enter the market, with a relatively low minimum deposit requirement of just $100 (or its equivalent in other currencies). This makes it an appealing option for beginners and those wishing to explore trading with a modest initial investment.
Plus500 offers two primary account types: the Real Account, for live trading with real funds, and the Demo Account, which allows traders to practice and get acquainted with the platform using virtual funds. This flexibility is perfect for both novice traders learning the basics and seasoned traders looking to test strategies before committing real money.
How to Open a Plus500 Account
Step 1: Begin the Account Registration
To initiate the account registration, simply click on the blue “Start Trading” button located at the top right corner of the Plus500 homepage.
Step 2: Complete the Registration
You will need to provide your email address and create a secure password to sign up. Alternatively, you can choose to register using your Google, Facebook, or Apple account for added convenience.
Trading Platforms and Tools
Plus500 offers a comprehensive and user-friendly trading platform, providing access to a wide range of financial instruments, including CFDs on global markets. Traders can take advantage of fast and reliable order execution, no commissions, and tight spreads. With advanced analytical tools, real-time quotes, and leverage of up to 1:30, Plus500 makes it easier for traders to engage in leveraged trading.
The platform also includes a demo account to help users practice their strategies risk-free. Plus500’s +Insights tool allows traders to analyze market trends and gain insights into the strategies of other traders.
Fees, Spreads, and, Commissions
Plus500 offers a competitive and transparent fee structure, designed to ensure that traders know exactly what to expect. Most of the platform’s services are free of charge, including deposits, live share CFD prices, real-time forex quotes, and dynamic charts. Plus500 primarily makes its revenue through the Buy/Sell spread, which is the difference between the price you can buy an instrument for (Ask) and the price you can sell it for (Bid). This spread is incorporated into the quoted rates, so you don’t pay extra beyond the listed price.
There are a few additional fees that may apply depending on your trading activity. For example, overnight funding charges may apply if you hold positions overnight, and a currency conversion fee may be levied if your trade is in a different currency than your account. Plus500 also charges an inactivity fee after three months of account inactivity. However, the platform does not charge fees for deposits or withdrawals, making it a cost-effective choice for traders.
Deposit and Withdrawal
Plus500 provides a range of deposit and withdrawal options to accommodate traders worldwide. Available methods include Visa and MasterCard cards (with some regional restrictions), electronic wallets such as PayPal and Skrill, and bank transfers for direct payments between accounts.
To make a deposit, simply go to the Funds section, select Deposit, choose your preferred method, and complete the necessary fields. For withdrawals, the process is similar: select Funds, then Withdrawal, choose your preferred withdrawal option and submit the required information.
Plus500 does not charge any fees for deposits or withdrawals but be aware that your bank or payment issuer may apply charges. Withdrawals typically take one business day to process, but the time to receive the funds depends on the payment method and the third-party processor. You can easily track the status of your withdrawal via the Monetary History section in the web app or mobile app.
Affiliate Program
The Plus500 Affiliate Program offers an opportunity for website owners to monetize their traffic by promoting Plus500 and earning commissions. Affiliates can utilize a variety of high-conversion marketing tools provided by Plus500, designed to maximize the potential of their website. Each affiliate is supported by a dedicated Affiliate Manager to guide and assist in the process.
Plus500 is a well-established global provider of Contracts for Difference (CFDs), offering trading on various financial instruments like shares, forex, commodities, and cryptocurrencies. Plus500 is regulated in multiple jurisdictions, ensuring a secure and trustworthy platform for both affiliates and traders.
