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From within your account you can upload documentation for KYC procedures. This can be a passport scan for identification and utility bill https://forex-reviews.org/ as proof of address. Once verified, you can choose from any of the convenient funding methods to fund your account and commence trading.
The minimum deposit to open an account is 100 units of the selected base currency. Clients can fund an account through several options like e-wallets, bank transfers, and Visa or MasterCard debit or credit cards. The security of Plus500 online trading platform is further fortified by its policy designed on the lines of the UK’s client money rules. If the company ever becomes insolvent, clients’ trading money will be protected.
There are 6 tiers of trading CFDs, with the seventh being a special bonus with a code that is valid only for the relevant section of the trading platform. Traders should thoroughly read the fine print of the Plus500 Pty Ltd offer before opting for it. Regrettably, WebTrader is not an open system, and professional traders cannot integrate third-party automated analytical tools directly on the platform. Also, some of the common features that are available on other platforms are missing on WebTrader.
At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Being listed on a stock exchange, publishing financial statements and being regulated by a top-tier authority like the FCA are all great signs for Plus500’s reliability.
Plus500 Ltd is listed on the London Stock Exchange’s Main Market for Listed Companies, as part of the FTSE 250 Index. I like how they are regulated in multiple jurisdictions by some of the most respected regulatory authorities in the world. Due to the online technology deployed, they can expand into new regions without needing a physical presence plus500 review there. Please contact our customer support team in order for us to take a look at your case. Has anyone else had their account closed for no reason whatsoever. I have traded with them for 6 years and thought they were good BUT NO. They decided to close my account whilst I have several open positions that will lose a very large amount of money.
This Plus500 is a Scam and totally jumpy software where your trade is closed in a second, Never go for this platform
Forex traders on Plus500 can effectively manage currency-only portfolios in a trading environment that offers more than 50 currency pairs. It is a great opportunity for increasing money in the accounts of traders. Both do not have the essential cutting-edge features and optimized tools to take on the industry leaders head-on.
This is great as it means you don’t need to stare at the charts all day long waiting for a signal. The upper bar of the platform gives an overview of the status of your current portfolio. We keep trying to upgrade the trading platform in order to meet your expectations. Your feedback regarding our customer support service was forwarded to our relevant team, we are improving all the time according to our clients’ feedback. Hi, from what we can see you are not referring to our trading platform since we do not offer binary options and we don’t offer phone support or encourage customers to do such a things. Each customer can withdraw his funds from his trading account whenever he wishes to withdraw them.
Account base currencies
We may earn a commission from qualified purchases, but this doesn’t reflect on our reviews’ quality or product listings. Our reviews are in no way influenced by the companies mentioned. All the opinions you’ll read here are solely ours, based on our tests and personal experience with a product/service. BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies.
View the full fee article for greater detail on Plus500 fees. Before you deposit money with a company, you naturally want to know that it is completely secureto do so. In this part of the review, we look at how reliable Plus500 is. It is recommended to contact customer service via live chat.
- Plus500 also offers Multiple Charts View, which allows users to display up to 9 different charts at a time.
- The broker is a fast-growing firm spreading all across Europe and Asia.
- You should engage in any such activity only if you are fully aware of the relevant risks.
- Justin achieved Honours in Commerce and has a Master’s degree from Monash University.
- The option to short sell increases your flexibility and makes it possible to react to different market situations.
Plus500 does actually have some rather straightforward fees – they are considered to be a “market spread” on this particular platform. This “spread” can range from 0,02% up to 2%, depending on some certain variables. In general, CFD platforms should be kept in mind when you actually want to short-term trade an asset (“flip it” for profit). In essence, it’s quite impossible to participate in long-term trading or hodling on such a site, since you don’t even receive or own the asset, in the first place. Well, naturally, you could do it long-term, but the risk would always remain substantial, nonetheless.
Plus500 has plenty of different trading instruments, provided you understand how CFDs work. A CFD isn’t a share or a contract claiming a future deliverable. Instead, CFDs are speculative derivatives used to speculate on the rise or fall in the price of an underlying asset. If a trader thinks the price of oil will rise, they could purchase a CFD and pocket the difference if the price of oil does indeed rise. But CFDs are risky instruments, and more than 75% of retail traders lose money trading them.
News feed
Plus 500 offers 60+ most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP with leverage. They offer advanced tools for protecting your profits and limit potential losses. Both accounts – Retail and Pro accounts – are the same in most aspects. The main difference is that the retail account features lower leverage ratios than the Pro account. Illustrative pricesBank Fund Transfers may take several days to be cleared. Deposits made with debit cards, credit cards, and electronic wallets are instant.
We recommend Plus500 for experienced traders looking for an easy-to-use platform and a great user experience. On the other hand, the brokers’ research tools are limited, CFD fees are average and their educational site has room for improvement. Plus500 only provides a demo account, and a few basic videos and articles about trading. There are no webinars available and the education section is not well-structured. They replied within one hour, which is extremely fast compared to other brokers.
Plus500 withdrawal fees and options
Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039). Buy or Sell CFDs on Indices such as S&P 500 , NASDAQ 100 , FTSE 100 , and other popular indices using our free real-time quotes. Analyse trends and see what other Plus500 traders are doing. Uncover a universe of exclusive trading data in the palm of your hand.
You can see the name of the release, country, related instruments, date and time, level of impact and the actual/previous/forecasted result. The calendar can also be switched to display corporate events which is a useful feature not offered by many other brokers. I am always checking the calendar to help me with my trade decisions.
In addition to the good quality of customer service, it is also available 24/7, which is not the case at most other brokers. You can contact customer service via live chat, WhatsApp and email. There is no phone support, but there is an integrated ‘Contact Us’ page for inquiries. Both the live chat and email support are quick and reliable. It has great charting tools and its own market analyses, but there are no recommendations or fundamental data. Plus500 provides transparent portfolio and fee reports.It is clearly indicated how much you paid in overnight fees.
Professional investors would have to download other programs to perform more complex analyses. Even relatively unknown local stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries.
Plus500 clients can view up to 9 charts simultaneously on Web-Trader. To enable Multiple Charts on the web trading platform, look for a button with four quadrants on the chart’s toolbar. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Credit card – while there is no minimum withdrawal limit, clients who chose to cash out less than $100 will have to pay a $10 fee. All of the mentioned coins are traded against the US dollar, plus there is a BTC/ETH pair.
Plus500 Ltd., the parent company, is headquartered in Haifa, Israel. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.
(Availability subject to regulations.) Unlike other instruments that can only be traded from Monday to Friday, crypto CFD trading is possible 24/7. They kept insisting on depositing more and more funds into my trading account. I was promised professional assistance and was led to believe that I would get high returns. Unfortunately, everything I received was about their constant calls and high pressure sales techniques, which made me feel depressed and caused enormous stress and anxiety. The Company got my whole family involved in this saga and took every single penny from us only Cyb3rnub/net stood by me and get med a refund with their cyber security.