Plus500 Review – Top Reasons To Choose This Broker
Plus500 Broker Summary
Here at The Next Bitcoin you can learn about many trading platforms, one of them is Plus500, we have concluded that Plus500 is a good trading platform, it is NOT a scam! Read our Plus500 review today and learn all you need to know about the Plus500 trading platform and why we recommend it for all traders.
A reputable online broker, Plus500 is governed by leading authorities. The excellent trading platform and top-notch mobile app offered by Plus500 are well-known. We discovered that the platform, customer service, and ease of account opening are excellent for CFD traders. Continue reading this Plus500 review to learn more about its features and get more familiar with its working.
What is the trading process at Plus500?
Trading is easy at Plus500. With just a few clicks, positions can be opened and closed. Simply launch the mobile app, select an instrument, then select “Buy” or “Sell.” Choose the amount you want to use to start the position, then execute the trade.
The offered financial products are all traded as CFDs.
These are preferable to long-term investments for aggressive traders. When you keep these contracts for more than a day, there are some extra expenses involved.
The Plus500 mobile app includes the vast majority, if not all, of the capabilities and settings found on the website. This contains the search function, reporting, and charting tools.
How Can I Create An Account?
It’s simple to create a sample account. The signup process and completion take a few minutes. Accounts with real money must be validated. Depending on the workload, it takes a few days.
Various Account Types
There are two different kinds of accounts:
- Retail Account
- Professional account
Most characteristics of both accounts—Retail and Pro accounts—are the same. The key distinction is that the leverage ratios on the retail account are lower than those on the pro account. Professional clients are not entitled to ICF benefits.
The trader must meet specific minimum net asset or income requirements in order to qualify for a Pro account. To confirm that they are aware of the dangers associated with utilizing larger leverage ratios, traders must respond to a few questions.
Plus500 Currency Plus 500 offers leverage on 60 plus forex pairings that are the most famous, including GBP/USD, EUR/USD and EUR/GBP. CFDs are utilized in every Forex trading. They offers Top-Notch methods to safeguard your profits and curtail prospective losses.
Offerings of cryptocurrencies
Yes, Plus500 allows you to trade cryptocurrencies. List of cryptocurrency options is provided below:
Bitcoin (BTC) (BTC)
Ethereum (ETH) (ETH)
Cardano NEO (ADA)
Stellar (XLM) (XLM)
In 2013, Plus500 was among the very first brokerage firms to provide Bitcoin CFDs.
Education Resources from Plus500
The caliber of education and training is subpar. For traders who wish to test the platform before depositing funds, the firm offers a demo account. For novices and those without experience, experimenting with the sample account is highly recommended. Clients of Plus500 are given the KID document (Key Information Document). The KID paper details the risks and instrument information related to trading cryptocurrencies, forex, Commodities, forex, indexes, and options.
Customer Support at Plus500
Traders using their platform frequently express satisfaction with their customer support. On this platform, customer support is offered by email and live chat option is also available, and agents are on call 24/7. Customer service responses during chat were pertinent and informed.
Although response times vary based on the severity of the issue, users noted that emails sometimes take more than an hour to receive a response. According to traders, this broker is open about publicizing its rates and costs.
Methods for Withdrawal
There are numerous withdrawal alternatives available, including:
Bank wire transfers using credit or debit cards and e-Wallets (Skrill or Paypal)
For experienced traders wanting to trade CFDs, Plus500 is a great online broker. A stock exchange lists it, and tier-1 authorities are in charge of its regulation. They charge moderate prices. Its mobile and web-based systems have excellent user interfaces. Low minimums apply to deposits. For Forex traders, pro accounts offer large levels of leverage.
It is one of the top platforms out there. This article will help you understand their platform before signing up.