Plus500 is one of the most popular online trading platforms in the world, and it’s not hard to see why. First released in 2010, the brand now supports over 1 million users across three dozen countries, making it one of the fastest-growing trading services available. What makes this trading platform so special? How does it compare to its competitors? And why should you consider using it for your own investment purposes? You’ll find all the answers to these questions and more in this Plus500 review. But first, let’s take a look at some of the key factors that led to its success…
What Is Plus500?
If you’re looking for a reputable trading platform and have an interest in spreading your investments across multiple markets (stock indices, commodities, metals and cryptocurrencies), PLUS 500 could be exactly what you’re looking for. Its simple interface makes it easy to learn how to trade – it even has its own beginner’s section! Even so, as with any online account, there are risks involved; fortunately,plus 500 review is 100% secured and reliable. The post will also cover some tips on how to avoid scams when trading cryptocurrencies and strategies designed specifically for crypto traders.
How Does Plus500 Work?
Plus 500 is an online forex and CFD broker offering contracts on more than 10,000 underlying assets. Founded in Israel in 2008, it’s part of Plus 500 Holdings Ltd., which trades on the London Stock Exchange. For those who have never traded foreign exchange or contracts for the difference before, there are three main components to understanding how they work: risk, leverage, and margin. They all come together to make trading possible—but they also increase risk tremendously. Know what you’re getting into before diving in headfirst; there are other tools to help assess risk as well, including personal finance ratios that could determine if you can afford to take risks at all.
Pros And Cons Of Trading On Plus500
While Plus 500 offers a generous number of options for both short-term and long-term traders, there are also a few disadvantages that prevent it from being our top choice. The broker only offers limited trading hours (Mon.-Fri.: 6:00 am – 8:00 pm; Sat.-Sun.: 6:00 am – 5:30 pm) during UK business hours which may be inconvenient for traders in other parts of Europe. Further, their exchange rates are higher than at most CFD brokers we reviewed, though again, you get what you pay for in terms of liquidity and variety. Also, when signing up with Plus 500 we noticed a lot of fine print stating that you can’t trade on margin or withdraw any funds until your account has been verified by e-mail or phone. You can only do so after completing Level 1 verification, but these steps include things like providing your passport number or utility bill information.
Final Thoughts
Plus 500 has been around a long time, and has established a strong reputation as one of the premier trading sites on the internet. Our experience with Plus500 is really excellent due to the quick withdrawl process. If you are a beginner you can try demo account, watch educational videos and read articles before you begin trading.
Let us know your trading experience with Plus500.
