On this page of Tradingonlineguide.com is our latest Plus500 review. After testing one of the best brokers Forex & CFDs we will explain here how to open a Plus500 demo account, how to trade with Plus500, how to deposit and finally withdraw money.
Plus500 is a trustable CFDs broker and it’s considered one of the best trading platform in 2018.
But why many people start trading with plus500?
Let’s see it below!
Plus500 scam or safe?
Plus500 subsidiaries are fully regulated so it isn’t a scam and it is totally safe to trade with. Here the main regulations:
- Plus500UK Ltd authorized & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), licensed by ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets
Plus500 has been founded in 2008 and in these 10 years it became a leader in the CFDs market. In 2017 the broker introduced also the opportunity to do crypto trading in its assets.
But let’s see now all the details.
Plus 500 Features
Here listed the most important features and information to know about the broker:
- Minimum deposit: $100
- Leverage: up to 1:30
- Platform: Plus500 trading platform
- Assets: 2000+ (all CFDs)
- Mobile App: yes
*CFD Service. 80.6% lose money
Plus500 uses its self-developed trading platform which is very easy to use. The platform is available for every kind of mobile phone and computer. Traders can use the online version or the platform can be downloaded onto the computer directly from a trader’s personal Plus500 account.
The minimum deposit with Plus 500 is just $100 which is lower than the average in the market.
But if you want to change it, you just need to go into your personal trading account and change it from there.
Finally the platform has all the main trading assets and many more, totaling 2,000 in all. Last year Plus 500 also introduced the cryptocurrencies trading which convinced many clients to start trading with Plus500. Click here to learn about cryptocurrency trading.
How to open a Plus500 trading account
It’s quite simple to open a Plus500 trading account.
Plus 500 allows you the opportunity to decide from the beginning if you want to open a real forex trading account or a demo account.
Once you have chosen one option, you just need to register with an email address and a password and submit it.
The process is very easy and fast.
An important aspect to mention is that it’s free to open a Plus500 trading account. There isn’t any additional cost or hidden charges.
Next let’s see in our Plus500 review how a new trader can open a position with this platform.
How to use Plus 500
Trading with Plus 500 is very simple thanks to its intuitive platform. Everything is on the same screen.
On the top side of the screen it’s possible to find all the tradable assets. Traders can decide between traditional assets such as EUR/USD, GBP/USD, Gold, Oil, etc. There are also all the cryptocurrencies like Bitcoin, Ethereum and Litecoin.
Toward the bottom of the platform, there is the chart, where it’s possible to analyze the trend and decide how to trade.
Every trader can check how its trades are going on the left side menu. In fact there it’s possible to see the open positions, pending orders plus all the closed positions.
Then toward the top page it’s possible to see the updated trading balance in real time.
When you decide which market to trade, you need to click on sell or buy, and then you will have this trading window in front of you.
(*The image above is for illustrative purpose only, i.e. the Sell EUR/USD image is not intended as investment advice)
In this window, it’s possible to choose how much money you want to trade, the prices of stop loss and take profit, and the pending order prices by clicking on the advanced section.
Finally, when everything is set up, you can open your trade by clicking on the big blue button “buy” or “sell”. Everything is also explained in the page how to trade forex.
How to open a Plus 500 demo account
To open a Plus500 demo account, you just need to follow few simple steps.
When you sign up for Plus 500, you just need to choose the demo account option and then enter your email address and password.
The Plus500 demo account gives you $40.000. This is virtual money to test all your trading strategies and to get use to the platform usability.
It’s very important to remember that what you win on a virtual account it’s virtual money, so although you don’t win any real money, on the other side you won’t lose any real money too, because it’s all virtual.
Opening a Plus500 demo account is for free and you don’t need any first deposit for it.
When you will feel confident enough to start trading with real money, Plus 500 requires just $100 of minimum deposit.
To learn more about a forex demo account go here: https://tradingonlineguide.com/what-is-forex-trading/forex-demo-account/
Plus500 Cryptocurrency Trading
The broker offers the opportunity to trade also cryptocurrencies through CFDs between its assets. Let’s see now how it works!
Trading cryptocurrencies don’t mean buying them but speculate on their trend. For a lot of people, this kind of activity is more profitable than the normal cryptocurrency acquisition. This is because trading is a faster activity and a single investment can be done more times in a single day.
With Plus500 is possible to trade in cryptocurrencies using CFDs.
You just need to enter in your trading account and select the interested crypto on the search bar on top. For example you can trade on:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XLR)
These are the major cryptocurrencies you can choose. Each of them is tradable by itself or against other cryptocurrencies.
You got the point! As for the normal trading, also here you can choose to buy or sell the currency pair, to set up the take profit and stop loss, and even to set up a pending order.
With the new ESMA regulation, the maximum leverage on these assets is now 1:5.
Finally, after deciding the size of your trade and if you want to buy or sell, you can monitor the progress in the “open positions” menu on the left like all the traditional trades.
Trade Bitcoin with Plus 500
As we said in Plus500 it’s possible to trade cryptocurrency and mainly Bitcoin. Bitcoin is the most popular crypto in this world and since 2017 a lot of people wanted to trade them.
Plus500 is a perfect trading platform to do it.
Trading bitcoin in this broker has good advantages:
- start trading just with $ 100
- free demo account
- low spreads
- no commissions
The difference between buying Bitcoin and Trading Bitcoin is that by trading is possible to have a profit even when the price drops down.
In fact, when trading it’s possible to buy or sell, so have the opportunity to be profitable in both cases if the trade is correctly set.
Finally, having the opportunity the trade with a stop loss allows everybody to prevent potential losses.
Deposit and Withdrawal Plus 500
It’s possible to deposit with this broker in many ways. In this Plus500 review we will explain to you how to do it.
To make a deposit, the broker accepts these payment methods:
- credit card Visa or Mastercard
- bank wire transfer
- Skrill or Neteller
If you proceed with making a wire transfer, the money will be in your trading account within 3 to 5 working days. Making a deposit with one of the other payment methods listed is faster and the money will be accredited in a few minutes.
The minimum deposit is just $100.
Withdrawing your money is very fast too and there are small fees of the 2%.
The payment methods are the same, this means you can receive your money back onto the same card or bank account which you used for your deposit.
The money will be accredited in 1 to 3 working days without any limitation.
Like most other important brokers, Plus 500 has an efficient mobile App.
The App is available for Android and iOS devices. It’s possible to find and download your Plus500 App directly from your trading account.
The interface is very user-friendly and intuitive with a clear layout.
Trading with a mobile App today is very important. With a lot of people having busy lifestyles, it’s a great way to trade at any time and from every place with the App.
Plus 500 Support
Every trader can get in touch with the Plus 500 support everytime he wants. In order to do that the platform provides many different ways.
It’s possible to communicate by sending an email, by phone or by the live chat.
One of the very professional Plus 500 support agents will be happy to help with every problem or doubt.
To make sure every client has the best service, Plus 500 provides its support service in several languages:
At the end of our Plus500 review, we have to say the online trading broker positively surprised us.
Plus500 is a safe and trustable broker to trade with thanks to all its regulations.
The broker is very user-friendly. Some traders might not like it because it doesn’t have the mt4 or mt5 platform and all the advanced indicators, but its usability and structure make it very competitive and intuitive to use.
Finally the mobile App has never had important bugs, which is vital for a fluid and trouble-free trading, so the broker passed our test.
Here an overview on how to choose the best trading platform: https://tradingonlineguide.com/best-forex-trading-platform/