Plus500 Review – Is Plus500 Scam or a Legit Crypto Broker?
Plus500 Review
Plus500 is a trusted and regulated broker in the financial market. This broker was established in 2008. Its headquarter is in Israel. You’ll get more information about this broker after reading the Plus500 review. Plus500 is an ethical and trusted broker with a large number of traders worldwide. The financial market is full of online brokers with unique features. You can also find scammers there in the world of finance.
They always try to snatch the money from people. So be aware of these scammers. If you want to be a successful trader, then you should sign up with a reputable and trustworthy broker. This review will reveal fee structure, trading platform, security policy, advantages and disadvantages, and much more. After reading this review, the traders will be able to decide whether it fulfills their needs or not.
Trading Platform
The trading platform is one of the key features provided by any broker. Plus500 provided the traders with Web Trader. This trading platform can be accessed from many devices and a system like PCs, web browsers, smartphones, and tablets. WebTrader is a friendly and easy platform that allows traders to create watchlists, charts and monitor trading-related activities.
The traders don’t need to install or download it on PCs; you just need an internet connection. There’s good news for the new traders that this web-based trading platform is a good place to start their trading journey. Plus500 tried their best to provide the traders with a suitable trading environment. The traders can avail of the guaranteed stop loss order (GSLO), which is a helpful risk management tool. The traders can make their trading experience pleasant by joining this trading platform. This trading platform is simple and user-friendly.
Market Instruments
Plus500 offers an extensive range of trading instruments. This broker provides CFD trading services to the traders. The traders can trade more than 2800 financial instruments. Plus500 is one of the leading CFD providers to traders. This broker established a reliable and strong foundation for the best trading environment and further growth.
The traders can trade indices, shares, commodities, currency pairs, ETF, and much more on a CFD instruments basis. Additionally, the traders can also trade Cryptocurrencies like Bitcoin, Ethereum, Litecoin, NEO, Ripple, IOTA, and Monero based on CFDs.
Types of Account
Plus500 offers two types of accounts which include retail accounts and professional accounts. The traders can open an account by following step by step process provided by Plus500. First of all, the traders have to click on the sign-in or create account option. In the second step, enter your name, phone number, email, etc. Next, the traders have to verify their account by providing documents for proof like utility bills (electricity, gas, or water), a copy of ID, and a bank statement. After that, the traders deposit the money within two business days and enjoy online trading.
Funding and withdrawal options
Plus500 offers many options for funding and withdrawal. The traders can use the method of their choice. These methods include credit/debit cards, visa cards, master cards, bank transfer, PayPal, and Skrill. Many brokers in the financial market offer limited options to deposit funds. Plus500 minimum deposit is $100. Plus500 keeps withdrawal simple and straightforward. The first five withdrawals are free of cost. The traders can withdraw money after the verification process.
Safe and Secure
Security is a serious matter which cannot be compromised at any cost. The traders should make sure that the broker has taken all necessary measures of safety. Plus500 is safe and secure because it is regulated by many regulatory authorities like ASIC, CySEC, FSA, and FCA. This broker is not a scam. Plus500 doesn’t keep your funds as a segregated fund. They don’t mix your money with their operational funds.
There are many brokers in the financial market who manipulate their user’s data to make money. They share the personal data of the user with a third party. But Plus500 doesn’t share your data with a third party. There’s no need to worry at all about security after signing up with this broker.
Education
The traders can avail the facility of a demo account for learning about online trading. Plus500 also offers Key Information documents and videos.
Customer Support
The representatives of the broker are available 24/7 to assist the traders. The clients can contact staff via email, live chat, or phone number. There is also a FAQs section where the traders can get the answer to their questions.
Final Words
Plus500 is the best broker for those traders who want to trade CFDs. This broker is regulated by many international regulatory authorities. The trading platform is user-friendly.
