Today I will be discussing with you the Plus500 Review, which means I will tell you about Plus500. Plus500 is simply a streamlined global Contract for Difference (CFD) broker firm and online trading platform. However, CFDs are derivative instruments that permit clients to buy and sell financial tools without holding them in.
It offers to trade in different financial markets such as commodities, cryptocurrencies, stocks, etc. It is a platform that has a mobile app with a simple design and is very easy to use. In addition, this company was first started by 6 individuals in 2008. Its registration and location are in Israel with subsidiaries in Cyprus, Australia, and the UK.
Plus500 Review
Going further, this authorization and regulation by the financial conduct authority which is the “FCA”, and also the Cyprus Securities and Exchange Commission “CySEC.” The Australian Securities and investment commission is known as the “ASIC”, and the monetary authority of Singapore is “MAS.”
The last of them is the Israel Securities Authority “ISA.” The names of the founders are Gal Haber, Alon Gonen, Elad Ben-Izhak, Shlomi Weizmann, and Omer Elazari, and the last person’s name is Shimon Sofer. These are the names of people that found the plus500 cooperation that you are hearing about today.
About Plus500 Trading
Going further, this company operates trading services, they have an app that supports up to 32 different languages which include English, German, Greek, Italian, Spanish, French, Finnish, Danish, and Swedish. It also supports languages like Estonian, Russian, Romanian, Hebrew, Arabic, and also traditional or simplified Chinese languages. They operate on a trading platform for any investors, they give room to their users to trade on its financial instruments. Such as shares, forex, commodities, options, indices, and ETFs on their contracts difference “CFD” service.
Furthermore, the app is downloadable from any app store if you are making use of smartphones like Android, iPads, Tabs, and iPhones. What you just have to do is to access the app store on any of the devices that I have listed here and search for plus500 on the search bar. However, you will be able to see different results on different apps. The app that you search for always comes first and you can click on it to install the app into your device. Less I forget, you can also make use of the app on your computer devices too.
Review
On Plus500 you can trade CFD on Shares, Indices, Forex, and Crypto Currencies. It is reliable, simple, and innovative. Pus500 Trading offers a desktop and mobile version of trading which traders can download and install on other devices.
There’s also a web-based version for those who wish to trade directly from a web browser. Plus500 provides only one trading account which is a Standard Trading Account. The account requires a minimum deposit of $100 to create.
Plus500 License
To know more about the Plus500 license, go to the official website and hover over the “About” page. Meanwhile, below is what you would find there;
- Plus500 is a trademark of Plus500 Ltd which operates through some subsidiaries. Plus500UK Ltd is authorized and regulated by the FCA (Financial Conduct Authority).
- Plus500CY Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission.
- Plus500AU Ltd holds an AFSL #417727 which is issued by ASIC. FSP No. 486026 by FMA in New Zealand.
- Plus500SG Ltd holds capital markets services that are licensed by the Monetary Authority of Singapore.
Pros and Cons
Yes, Plus500 is safe and trusted to use but it also has some failures or shortcomings. There are some pros and cons of Plus500 which include the following;
Pros:
- Plus500 is for easy understanding and use. That is easy to use.
- It offers customers access to over 2,000 trading tools or instruments.
- Low spreads.
- Bitcoins and other Cryptocurrencies are available on Plus500.
- It makes the list on the AIM section of the London Stock Exchange.
- It offers a multi-language platform for all customers.
- Demo Account.
Cons:
- No Swap account option.
- It requests an activity fee.
- The financing rate is high.
- The financial calculations are not transparent.
- You cannot pair with other trading platforms.
The above are the advantages and disadvantages of Plus500.
Plus500 is a good choice for less-experienced traders because the platform is very easy to understand. Trading with Plus 500 will make your experience simple and worthwhile. However, it is a great broker platform to check out. In addition, this platform is available for use across different devices and is available in different languages and situations.
