Plus500 Review

Plus500 is one of the world’s most recognized brands in the online retail trading industry, and it is certainly worth looking at. The company is even listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). They also sponsor the Spanish football club Atletico de Madrid, which is a popular football club around the world. Apart from their status, we should take a look at how Plus500 online broker got here, and perhaps why you should consider signing up with them.

Plus500 Review

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Background

Plus500 headquarters are in Tel Aviv, Israel, where the company was founded back in 2008. They started offering the trading of CFDs that would track forex pairs, shares, indices, commodities, options and indices. These alone are a very wide variety of trading instruments, but they have now also introduced CFDs for the most popular cryptocurrencies like bitcoin, Ethereum, etc. The company was the first to offer a CFD tracking bitcoin, and it has still remained a top provider for the same.

From the time it was founded, Plus500 grew quickly by attracting a large number of clients. A Plus500 review shows they have over 155,000 customers, keeping them at the third spot among UK retail online investment firms. The competition comes from IG Markets and CMC Markets, but Plus500’s growth is remarkable. IG Markets and CMC Markets were founded in 1974 and 1989 respectively, while Plus500 is less than a decade old. This remarkable growth is a sign of a company that has earned its stripes.

Plus500 Review

Plus500 reviews are also very positive both from traders and investors. Traders are happy with the services provided while the investors always enjoy good performance in the share price. Plus500 is listed on the London Stock Exchange’s Alternative Investment Market (AIM), a sub-market of the LSE for smaller companies. Since Plus500 was listed on the AIM in 2013, share price has grown steadily showing more than a 400% growth to date.

The company’s growth has not only been financial but also physical, with several offices being opened around the world. They have offices in London and Cyprus and are licensed by the relevant bodies in those countries – the FCA and CySEC. These licenses allow Plus500 trading to operate throughout Europe, but the company’s reach is far much wider. They are also licensed by ASIC in Australia, the FMA in New Zealand and the FSB in South Africa. However, they still do not operate in the US, and can’t sign up US citizens or solicit them.

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Unique features

It’s what’s different or unique that makes a broker stand out from the rest, and Plus500 certainly have it in buckets.

Account protection

When dealing with money, it’s essential that you keep it safe, and Plus500 investments help you do that through guaranteed stops and negative balance protection. The former keeps your losses low by stopping you out automatically when markets are too volatile, while the latter ensures you never lose more than you have.

Price alerts

The trading platform installed can issue alerts when a certain asset you were interested in reaches a certain price. It provides you with the chance to make a move when you can’t sit by your trading station all day.

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Trading conditions

These are important to note because they will be what you will have to experience every day. Starting from the trading platform itself, which is a proprietary software. Instead of sticking to the more popular MetaTrader platform, Pus500 decided to go with their own software. That may be a difficult learning process when moving from MT4, but their software is just as effective and can be installed on any smart device from android, iOS, Windows Phone and directly from the browser. In fact, the iOS version is even available on the Apple Watch, which when combined with the Price Alerts feature can be quite handy.

Plus500 platform Review

As for the trading system, Plus500 is not an ECN broker, which means that they just match client orders or take the opposite side of the trade. Usually, this creates a conflict of interest, but the company has enough clients not to be required to make the market. Besides, this structure ensures stability from crises like those created by the SNB in 2015.

Furthermore, all their trading instruments are CFDs, including the Forex pairs. The advantage to this is that it doesn’t require as much capital as trading the assets directly. Take stocks, for example, typical stocks have a minimum number required, while the CFDs for these stocks do not. That allows traders, even with less capital, to enjoy participating in the markets. Furthermore, Plus500 provide leverage of up to 1:300 for currency and 1:100 for other assets like stocks.

Plus500 platform Review

Speaking of assets, the list is remarkable. Very few brokers offer trades for ETFs and options, which are relatively safer Plus500 investing tools. Then you also get plenty of stocks from around the world, currency pairs, commodities and now cryptocurrencies. The cryptocurrencies have the added advantage of being tradeable throughout the week, even on weekends. Furthermore, all these are available from the same trading platform.

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