Opinions about Plus500

Do you not know whether to start investing in Plus500 because you're afraid it's a scam? The popularity of financial instruments such as contracts for difference or CFDs has led to the emergence of many alleged investment agencies that are really nothing more than frauds. However, in this case it is a broker that it operates under the regime of various international regulatory authorities .

*76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money.

This article shows the security guarantees that Plus500 offers its investors, the regulations to which the financial company is subject and the reasons for trusting them. You will be able to find out about their product offering, how their customer support service works and other aspects that are also important when making a decision about whether or not to invest in a online broker . If you want more information about CFDs or about other companies with which you can make investments, we invite you to visit our about page CFD brokers . CFD investing is high risk due to leverage, so you could risk losing your capital. Therefore, make sure you are well aware of the operation of the investment products you use. If Plus500 is not what you are looking for, there are other alternatives to invest safely in Forex .

Let's talk about Plus500

Plus500 is a broker where you can invest in stocks, currencies, commodities, ETFs, cryptocurrencies and options. In each of the categories you can also find a selection of underlying assets. In 2009, the Cypriot financial authority issued a warning to investors about the legal authorizations of Plus500, but it was hardly a matter of the licenses issued that had already been resolved.

Plus500CY Ltd is registered and authorized by the Cyprus Securities and Exchange Commission (CySEC) (license No. 250/14). In addition, Plus500UK Ltd is licensed by the UK Financial Conduct Authority (registration No. 509909); and Plus500SG Pte Ltd holds a capital markets services license from the Monetary Authority of Singapore (CMS100648-1), among other regulations.

Reliability of Plus500

The main concerns about the reliability of Plus500 came from the warning issued by the Cyprus Securities and Exchange Commission in 2009. This warning followed notices made by regulatory authorities in other countries in which the company lacked the necessary licenses to operate. Nothing disturbing as Plus500 has acquired licenses to operate internationally from the regulatory authorities of the United Kingdom, Singapore, the FSCA of South Africa, the Seychelles Financial Services Authority and the FMA in New Zealand.

For investors in New Zealand the relevant license is that of the Cypriot authority (CySEC), as stipulated in the user agreement pursuant to the service offered by the subsidiary Plus500CY Ltd.

Also, do you know any scammers who spend money on sports sponsorships? We are talking about a company that is an official sponsor of the Atlético de Madrid , in addition to his association with the Australian rugby union team Brumbies. Sponsorship investments are part of your corporate strategy. Although it is the international regulations that authorize this investment platform that are the guarantor of its transparency.

Plus500 offer

Users can invest in over 2000 underlying assets including indices, commodities, stocks, ETFs, options and currency pairs as well as cryptocurrencies. This means that investment can be diversified both in derivatives of a financial nature (interest rates, shares...) as non-financial (raw materials such as oil, minerals such as copper or cereals such as corn), as well as geographically in the main equity markets.

The platform offers free real-time quotes, in addition to a free demo account to familiarize yourself with the instruments.

CFD

As we said here you can invest in more than 2000 financial instruments. More than 50 currency pairs, among which there is no shortage of the dollar, the dollar or the pound sterling; which include cryptocurrencies such as Bitcoin or Ethereum. ETFs are over 75. As for the indices, these include the FDAX, the Dow Jones, the US 500 futures CFD or the IBEX 35, among others.

With stocks the offer is multiplied. Only in the New Zealand market you will find 31 options, with Mapfre, Repsol, Telefónica, Santander, Acerinox, among others. But you will also find stocks from the United States, Germany, France, Hong Kong, the Netherlands, Singapore or Australia. There are more than 100 in the US alone. Finally, it also offers 22 different raw materials.

Demo account

The broker offers a free account in which you can test how all the financial instruments available on the web work, which can be accessed by clicking on the FREE Demo Account key to start registration. Users can thus test the web before entering their money.

Payment methods

The accepted payment methods are: Visa and Mastercard bank cards, transfer, electronic wallets such as PayPal, Skrill, Klarna, Giropay, Trustly, Przelewy24 among others. Being regulated, the broker applies all the necessary measures for the fight against money laundering, so it is necessary to go through a verification process to be able to carry out transactions.

As we can read on the terms and conditions page, all withdrawals are subject to a minimum limit amount, which in the case of PayPal and Skrill wallets amounts to 50USD. In the case of withdrawals with transfer or bank cards the amount is 100USD. If, in any case, you need to withdraw an amount less than those mentioned, Plus500 will apply a commission of 10USD. If you wish to close your account, the remaining funds will not incur any commission if the transfer is made to the credit card. In the case of the other methods of income, a commission of 10USD will always be applied.

Safety and regulations at Plus500

As we indicated previously, all doubts about the financial institution were dispelled once the problem of licenses with third countries was resolved. The company that manages the platform for New Zealand investors is Plus500CY Ltd , registered with the Cyprus Securities and Exchange Commission (CySEC), the highest financial authority of the Mediterranean island that, being part of the EU, is home to numerous online brokers.

In this regard, Plus500 maintains a platform user money protection policy in accordance with CySEC regulations, according to which client funds will be kept in segregated accounts. Likewise, the company undertakes not to use client funds for hedging nor to initiate speculative movements with such funds. In addition, the financial company participates in a Compensation Fund for investors of investment companies regulated in the Republic of Cyprus. Such a compensation fund provides additional security and coverage.

Other subsidiaries of Plus500 are also authorized by the relevant financial regulators: Plus500UK Ltd by the Financial Conduct Authority (FRN 509909) of the United Kingdom; Plus500AU Pty Ltd by the authorities of New Zealand and South Africa; Plus500SEY Ltd by the Seychelles Financial Services Authority (license No SD039); and Plus500SG Pte Ltd by the Monetary Authority of Singapore (license no CMS100648-1) .

The broker also declares that it is not exposed to corporate or sovereign debt, has no debts and maintains considerable liquidity and a surplus of capital reserves.

Customer service

The customer service includes, in addition to the usual FAQ section that helps to solve the first doubts, email and live chat is available to New Zealand users, with 24/7 support.

Functionality of the website

On the web, for each asset we see timely updated information with all the data and graphs of interest, as well as you can also take the pulse of investors with the opinion tool that updates the percentages of buyers and sellers for an asset. Alerts can also be received once you have determined it on the instrument of your choice, with real-time notifications.

Plus500 also offers you a risk management tool. With this you can set a profit and/or loss limit when opening a new position or when editing an existing position.

Plus500 mobile app

Plus500 has applications for Android, iOS (iPhone and iPad) and Windows Phone to download from Microsoft, the App Store and Google Play. The user ratings on both the App and the Play Store are more than satisfactory. It's about doing online trading from the mobile.

Finding

Plus500 is a broker with a CFD offering, more than 2000 underlying assets including indices, commodities, stocks, ETFs, options and currency pairs, as well as cryptocurrencies. It has several deposit methods. In addition to the usual credit cards and PayPal, others such as Trustly and Klarna can be used. It has tools with advanced features for asset trading and notifications, and a 0 commission policy for deposits, real-time currency quotes and live stock CFD prices. Registered with the Cyprus Securities and Exchange Commission (CySEC) it has a license to operate in the EU. Finally, with the demo account it offers you can start without having to deposit.

*76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money.