CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% 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 is a well regulated broker and is also listed on the London Stock Exchange (PLUS).
* 86% of retail CFD accounts lose money.
Plus500 was one of the first brokers that offered an easy to use platform which made CFD trading possible for retail traders. Nowadays it still is one of the best platforms if you're an experienced investor and want want to start trading CFD's. They offer negative balance protection, so you cannot lose more than your deposit. Together with Fortrade they were one of the few brokers that offered this kind of protection before it became mandatory under the new EU rules from ESMA. Beware that CFD's are leveraged products, so at non EU regulated brokers you can end up in debt when you are trapped at the wrong side in a sudden and big move in the markets. Luckily this is not the case for Plus500 clients.
Sure, there are a lot of better brokers around, but most of them have minimum deposit requirements you have to meet before you can start trading. At Plus 500, you can start trading with a small account!
The best way to get convinced about the Plus 500 platform is to check it out yourself. Plus500 offers an unlimited free demo with virtual money. No strings attached. It's absolutely RISK FREE, so give it a try by clicking here.
You can easily fund your account with your Skrill account or a credit card.
Plus500 offers very tight spreads. Other fees that you may have to pay are Overnight Funding, Currency Conversion Fee, Inactivity Fee or a Guaranteed Stop Order fee. The Guaranteed Stop Order feature is not available for all instruments, and a fee is charged via a wider spread.
Here is an examples from a demo account on the Plus 500 platform.
Say you want to trade the euro, you just have to push the "buy" or "sell" button.
If you push the button, the next screen pops open.
You can immediately place your stop loss and profit target. If you click advanced, you can also choose a trailing stop.
A lot of people think that Plus 500 is a scam, because it sounds too good to be true. The fact that they don't ask commissions is one reason of concern for some people. However, we know for a fact that the spread (the difference between bid and ask) should be enough to cover all their costs. In 2016 Plus500 made a net profit of $117.2m.
Plus500 is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), as you can read here. Plus500 is also regulated in other jurisdictions. They are also listed themselves on the London Stock Exchange, which underscores that it's a reliable company.
A real disadvantage is that you can't call them. They do offer live support though. And questions by email also get an answer pretty fast. Our experience is that you usually get an answer within a few hours.
A popular concern is withdrawing money from your account. Some people expect problems with that. We have withdrawn money to our Skrill account (a service like Paypal) and the money arrived there after two days. So we had absolutely no problems with that. That's exactly what one would expect from a FCA approved and LSE listed company. As a CySEC regulated company they even have to process all withdrawal requests on the same business day!
The above mentioned disadvantages haven't kept us from using their platform though. Overall, we are very satisfied with this broker. In our opinion, it's one of the best brokers to get to know CFD trading.
Visit the Plus 500 website and try the free demo or open an account. Funding your account can be done with as little as $100. The platform is also supporting 32 different languages, so chances are high that Plus 500 is available in your native language.
Try Plus500 now* 86% of retail CFD accounts lose money.
* Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
* Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
* Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents.
* Plus500AU Pty Ltd is also authorized by The New Zealand Financial Market Authority (FMA).
