The brand Plus 500 is managed by the company Plus500 Limited. This is an online platform that lets you operate with currencies, stocks and commodities (instruments are available for trading only through CFDs) on different markets by using a wide range of tools. Plus500CY Ltd authorized & regulated by CySEC (#250/14). The good news is that users from different countries can take part in the trading business, in which it is traded by contracts, indexes, stocks and Forex trading is also maintained.
How to open an account in Plus500?
The procedure of account opening in Plus500 is very easy and will not take up much of your time. Everything that you need to do is to enter the website and access the registration form. You will be required to fill in personal and other details, and after that send those to the company. In order to trade on the existing markets it is necessary that you deposit funds in your account, so that you can take part in the deals in real time. You also have a demo account, which will help you try your luck in stock trading by creating your personal and working strategies and tactics.
After verification, as a necessary final step, the traders should fill out a trading questionnaire that assesses their trading knowledge.
Keep in mind that you can withdraw the earned money on the website after you have passed verification. The latter requires attaching a scanned copy of an ID document in the system. Thus, the company will identify the data provided by you during the registration. If you don’t upload such document, you won’t be able to withdraw from the site.
What are the methods of payment in Plus500?
In order to trade with contracts, stocks and indices, it is necessary that you deposit funds on the Plus500 platform. To do so, several different deposit methods are offered to you, some of which are bank cards, bank transfers, PayPal, Skrill and others. The same options apply for money withdrawal. The withdrawal requests are processed between 3 and 5 days, depending on the method chosen by you.
On the Plus500 website you will find the minimal and maximum limits for making an account deposit and withdrawal of earnings. You must comply with these amounts, so that you can make use of the indicated payment methods. In the case when there is something unclear, you can get in touch with support on the website, who will be able to give you more information.
Plus500 CFD platform offers CFDs only. All the instruments are available for trading only through CFDs. Plus500CY Ltd is authorized & regulated by CySEC (#250/14).
After verification, as a necessary step, the traders should fill out a trading questionnaire that assesses their trading knowledge.
What are the advantages and disadvantages of Plus500?
There is no doubt this trading platform possesses flexible opportunities for stock trading (available for trading only through CFDs), which can bring you profits provided you keep in mind the risk you are taking. It is of great importance that you know where to direct your money and how to invest effectively. Excellent tools and good support are offered for you to achieve your goals.
Another great advantage that we cannot omit is the availability of demo account which will help you try to earn from purchases and sales without involving real money. Surely the profits here are in virtual money that you cannot withdraw, but the idea here is that you try out the market and demonstrate different methods, tactics and strategies for financial deals.
A small disadvantage is the fact that the platform offers only one type of account. It is aimed more towards the amateurs rather than the professionals. Well, this does not mean that the more advanced traders cannot use the system, but there will be some discomfort. If, however, you are looking to enter the market for the first time, then this website is made exactly for you.
Mobile options for Plus500 traders
E-trading and investments in Plus500 can be made not only on personal computers and laptops, but also by using mobile devices – smart phones, iPhones and tablets that work with the most popular operating systems Android and iOS.
As soon as you log into the website, you will see an opportunity to download a mobile app for your device type. For mobile devices working on Android, you can download the application from the e-store Google Play, and the users of Apple devices will be able to download it from the App Store. The apps are made in the best possible way as you will see. With them, you will be able to trade conveniently from any point in the world as long as you have Internet access.
Plus 500 online financial broker summary
Given the many online brokers we can write that the Plus500 online platform provides high quality, good instruments and an ability to make a number of trading operations related to buying and selling contracts and stocks (instruments are available for trading only through CFDs)
Yes, it is possible to find some small gaps in the system, but they are not so important that we pay attention to them. If you have an affinity towards online trading and want to make use of Forex trading and investments, then this place is suitable for you. In the end, we would like to give a mark of very good B for what we found on the website. We will be glad if our information was useful.
Warning: 82% 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. Due to the risky nature of CFDs, trading with real money accounts is aimed at more experienced traders. Beginner traders can take advantage of our free, unlimited demo account and benefit from our beginner-friendly tools such as our Trading Academy, eBook, vast FAQ section, etc.
