Introduction to Plus500:
Since the internet has stormed every aspect of life, trading is something it has revolutionized greatly. We have observed hundreds of online brokers making claims of transforming the lives of people by making them rich.
Currently, there is a multitude of brokerage firms out there who are offering lucrative deals to the traders. Majority of the only exist to make money while a few are there who are delivering quality services to the client. Plus500 is one of them. It is an online brokerage firm which specializes in the Contract for Difference (CFD) market. This article aims to provide a complete Plus500 review to the readers. Also we will be discussing the possibility as whether Plus500 scam news are true or just a reputation damaging technique. Your capital is at risk if you choose any other brokerage firm which we haven’t yet covered.
Plus500 was founded in 2008 in United Kingdom. Since then, this brokerage firm is delivering apt services to the clients. Its ranking is making new landmarks and it is attracting the hearts of many trader. Amidst the entire positive scenario, there are such blogs who are promoting the news of Plus500 scam. So, in Plus500 review, we are going to state the reasons that will prove the legitimacy of this brokerage firm.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any rights to the underlying assets. In conclusion, these facts prove that Plus500 scam news is just to damage the credibility of this company and it is totally legitimate. In the next section of Plus500 review, we will be mentioning very credible information which will strengthen our claims.
Plus500 Scam: Analytical Insight:
Here in this section, we will state some of the most promising services Plus500 is offering. These services will speak for themselves afterwards.
- Account Types:
First of all, let’s have an insight about the type of accounts. Plus500 is offering two account types so far. One is the “Demo Account”. And the other is “Live Account”. The demo account can be opened without any charges and has no such time limit. The live account however, needs an initial deposit of about $100. No matter whether you sign up for a demo account or a live account, Plus500 will give you a “Welcome Bonus” of about $20. And the leverage ratio one can get for this account type is 1:100.
- Trading in Plus500:
Plus500 brokerage firm has introduced an interactive proprietary trading platform. It has also provided technical analysis software to the clients. Amongst several benefits of these tools, the most promising one is the mobile trading. You can do trade in more than one markets and from anywhere. The usage of these software tools is quite easy. With just one click, they also provide real-time quotations for the products.
The commodities, in which the Plus500 traders can trade, include:
Plus500 have Contract for Difference share from a total of about 20 countries. These countries even include Germany, France, USA and UK. Stocks are divided region-wise so if you want the stocks in any market, it can easily be done. The leverage ratio of 1:294 enables the traders to invest using small income and then gather huge profits.
Another benefit you can get by trading via Plus500 is, you can do trade in low currencies with low commission. There are total of 50 currency pairs in which you can do trade. The leverage ratio up to 1:200 can be utilized in currency trading. For instance, if you trade as much little as $300, you will get the capital of $60,000.
The commodities you can trade in are: gas, platinum, palladium, oil and gold. The trader still has the leverage ratio of about 1:150 in commodity trading.
Plus500 offers almost all types of Exchange-Traded Funds. Some of the most common include FXE, RSX and GDX. The leverage ratio ETFs trading is booming 1:100.
The indices which are being offered at Plus500 for trading are: NASDAQ 100, CAC 40, FTSE 100, DAX 30, S&P 500, and NIKKEI 225. A trader can utilize up to 1:294 leverage to attain huge profits in Index Trading.
- Deposits and Withdrawals:
In this Plus500 review, we are also going to mention the deposits and withdrawals options in and out of Plus500. All the deposits can be done through a Visa or a MasterCard, Skrill and also through a wire transfer. A single transfer can take as much as 5 days. It varies with the service you are using. But it always guarantees both the security and surety. Your money remains in the safe hands either you are depositing something or initiating a withdrawal.
- There are limits to the deposits and withdrawals.The minimum deposit limit is about $100 and maximum is $150,000. In order to ensure the credibility of the trader, the customer support asks for a copy of your identity card or driving license. Every time you make a withdrawal, the company asks you to provide some details regarding your personal and professional status.
- Risk Management Tools:
Plus500 is offering a variety of Risk Management Tools because it aims to help the traders rather than just making money. Such tools are to make the traders secure if any issue occurs.
- Account Leverage:
So as to be at the safe side, you have the power to control your trading leverage. It is useful for beginners who don’t need to invest in higher amounts.
Another great tool is the stop -loss. The trader can enforce stop-loss before making any move. However, it may not prove fruitful sometimes. If market moves from one condition to the next, the investment is most likely to close at worse level. Otherwise, it may also yield good results.
- Guaranteed Stop:
In order to avoid any slippage, guaranteed-stop is enforced because it limits the loss if market goes down. Once it is active, you cannot roll back the decision to stop it. That’s why it is available in a limited manner.
- Price Alerts:
Another good feature which works almost similar to stop-loss, but with a slight change. If you turn it on, it will not stop even if the market reaches your desired limit. It will give you a notification when a product reaches as certain price limit.
- Customer Support:
Plus500 has one of the best online customer support services. Email and Live Chat is available 24/7 and the crew can speak over 20 languages which is awesome. They don’t offer any telephonic support. In an event if the network breaks down from the client’s side or internet connection is lost, the trader won’t be losing any marks as he can pick up from he left. But the opportunity can be lost by then. Most noteworthy, their online chat box is always active and you can them anything anytime.
- Cross-Platform Compatibility:
In addition, the applications developed for trade is totally cross-platform. Plus500 has made it quite easy for traders to access from anywhere anytime. There are several versions of the application:
- Web-Based Application.
- Windows Trader for Windows.
- Iphone App/ Apple Watch App.
- Android App.
- Windows Phone App.
- Web Trader for Linux and Mac.
Other Similar Legit Brokers:
Have a look at other similar legitimate and well-reputed financial brokers:
Binary Watch Monitor’s Conclusion:
Since we are all aware of the fact that forex market is one of the most unpredictable markets one can ever find. In addition, most of the traders are quite unaware of the upcoming situation. After investigating every aspect in Plus500 review, we have come to conclude that it is a great and effective brokerage firm. It has room to accommodate every trader. If you are a new trader, you can avail the benefits of a demo account. And if you are professional trader, go and unleash your skills by trading via live account. Plus500 has started sponsoring sports events and teams as well. It is the principal sponsor of the famous football club, Atletico De Madrid. The team of this club is 2106 Champions League Finalist and 2013-2014 “La-Liga” champions.
The news of Plus500 scam is quite deceptive and misleading. They have no any credibility. At each point, Plus500 broker came out to be the best. Consequently, it is an outstanding brokerage firm and indeed a reliable one. So, if you are a novice trader or an expert, do give Plus500 a try and we bet you won’t regret.