Plus500 Review – Is Plus500 Scam or Legit?
Plus500 Review
Since the emergence of the internet, a great majority of trading firms have switched to online channels of trading. Obviously, it has made things so much easier and way more superficial than they ever were. Investors can now “buy” and “sell” bids, set marketplace boundaries, set their goals, analyze their growth, and keep an eye on prevailing marketing trends with just one click and in a matter of a few seconds. There is a range of online trading forums available today, and choosing the right one for you can be a time-consuming and exhausting process. Plus500 is a leading platform for Contracts for Difference (CFDs) and is offering trading of stocks, cryptocurrencies, commodities, ETFs, and indices since 2008. The Plus500 review will unravel things in detail about the top-notch features of the trading firm.
What is Plus500?
Plus500 is operated by Plus500UK Ltd, a UK-based firm with its headquarters in London. The organization is offering CFD services in Europe and Asia, with over a million investors and a range of over 1000 products. Moreover, it is authorized and licensed in all jurisdictions where it functions, and its customer services are provided in 32 languages, allowing investors from over 50 nations to trade with confidence and look for assistance whenever needed.
Plus500 is a CFD trading platform that offers consumers from all over the world a wide range of equities to trade as well as a user-friendly environment on both desktop and mobile platforms.
Making money with Plus500 has become a simple process because of its high-quality and effective features. Trading is not a simple chore, but thanks to Plus500, it’s become so. All features have been included in this platform, with users’ advantages in consideration. This trading company has never been associated with a scam or any other issue. Hence, you can totally rely on it and place your assets into it.
Why choose Plus500?
There are so many reasons why you should pick plus500 as your sole trading forum. Let’s highlight some of the very important features this site provides for all of its traders.
The platform provides access to a wide range of indices, currencies, commodities, shares, ETFs, and cryptocurrencies in a single, easily accessible manner. Plus500 offers fresh assets on a regular basis, appealing to traders of different styles and tactics. According to the company, it is providing over 2,200 assets for its investors.
Plus500 has an economic calendar that uses official Dow Jones data to display forthcoming market events and their outcomes. Moreover, such insights can be conveniently filtered by the regions and publications most relevant to your investment strategies. Hence, you would never waste your time reading news that you really don’t need.
The Plus500 platform is a wonderful place for trading for both beginner and professional traders. It has a minimalist design that emphasizes convenience and ease. Trailing stops and guaranteed stop-loss orders (GSLO) are two important technologies featured on Plus500’s flagship technology. These tools are really useful risk and portfolio management instruments for amateur operators.
Plus500 is offering a free demo account that lets users enjoy the trading experience without using funds. It is a great opportunity for new traders who want to learn the basics of trading activities. Here, you will learn how to trade effectively without losing any funds. There are very few regulated brokers that offer this facility, and Plus500 is one of them.
Plus500 can be accessed via a browser which means that you can trade assets on any device. It does not add restrictions when it comes to device type, as you can access it via any type of device. Its application is also available on the given platforms for those who want to use it on their android phones. Trade anywhere and anytime because Plus500 provides freedom to its users.
Traders who need assistance with Plus500 or have other queries and concerns can contact customer service in their preferred language via e-mail or live chat.
Wide Range of Instruments
The very first feature I’ll share with you is Plus500’s ability to provide a wide range of instruments. When trading moved from terrestrial to digital media, there were separate interfaces for various trading assets at the time. However, because it was very troublesome for investors to explore several platforms for more than one commodity, many enterprises claiming to provide many assets became operational over the course of time. Plus500 is one among them, as its official website lists all of the investment products. Let us have a look at some of the assets it provides for its investors.
For millions of investors throughout the world, cryptocurrency has evolved into a pleasant and appealing trading instrument. Consumers are now considering cryptocurrencies as an asset, just like traditional trading goods, and are diversifying their portfolios to include prominent digital assets. Bitcoin and Ethereum are two well-known cryptocurrencies that are becoming increasingly popular among traders. Bitcoin, which was first presented in 2009, has now been dubbed “digital gold.” Bitcoin has been added to the investment balance sheets of some of the world’s leading tech businesses and money managers.
Aside from Bitcoin, Ethereum has also been fortunate in claiming the top rank in the digital currency world. After institutional investors showed interest in the silver cryptocurrency, its market cap has surpassed billions of dollars. On this website, you’ll find all of the best cryptocurrencies, and you can purchase any of them if you like. You are just a few clicks away from living the rich life you’ve always craved for.
- Stocks
If you want to trade a company’s stock, you will be given the most up-to-date statistics on marketplaces and associated developments. With the given information, you have a good probability of succeeding, which will lead to profit. Furthermore, you will be offered a vast choice of stocks to choose from, including stocks from top-rated companies and industries like Tesla, Amazon, and others.
- Forex
After cryptocurrencies and stock, forex is the third product on the line. The forex exchange market is massive in terms of products, everyday investment volumes, and market capitalization. Traders invest trillions of dollars in forex pairs, according to a ballpark estimate. These currencies include both highly rated fiats and currencies from countries whose valuations fluctuate dramatically. As the value of the currency escalates, you make more and more money.
- Commodities
Choosing a certain commodity to trade is a challenging task. However, the trading platform’s supervisory team looks after users’ demands and assists them in selecting the best commodities depending on the latest market trends. On plus500’s website, you’ll discover both hard and soft commodities. You will have access to a large range of commodities after setting up an account with it.
- Indices
Indices are a compilation of equities and assets that are being used to track a corporation’s or sector’s growth or progression. This whole-sector technology enables us to examine how a segment of the market is functioning to better comprehend business opportunities and price volatility. Investing in indices can be a good approach to diversify a portfolio because it provides more coverage than trading on a single stock.
- Options
An option is an agreement in which the seller grants the purchaser the right but not the duty to purchase or sell an underlying trading asset.
Trading CFDs on options can have a lot of advantages. Options CFDs feature more margin than other underlying assets like shares CFDs so that you can increase your exposure to the market. Plus500 options CFDs have no commissions and are compensated by the discrepancy between the opening and closing prices. Risk management solutions are likewise available on the Plus500 platform to help you reduce the risk of financial losses during your trade journey.
Fast Trading
If you want to make a lot of money on the trading of digital currencies, you’ll need a fast trading platform with quick trade execution. As the market changes really quickly, a highly rapid, proficient, and efficient platform is needed.
Plus500 offers rapid trading, which means your bids will be executed in much less time than with other brokers. As there is no investing restriction, you can execute as many bets as you wish. This perhaps makes it the finest spot for market makers that desire a trading firm with a fast operating velocity. Beginners and experts alike can benefit from the high-frequency trading service. The company’s revenue information is recorded in the system in real-time, allowing traders to make orders in real-time and enhance their chances of succeeding. Trading costs are also reduced to a minimum, alleviating the concerns of some traders who are usually concerned about their trading expenditures.
Versatile Trading Platform
Plus500 is one of the main picks accessible in the market when we evaluate it from the perspective of today’s trading technologies and innovations. Plus500 has touched the interest of traders all around the world with its cutting-edge features and advanced trading platform. As a result, it is not surprising that it is referred to as a comprehensive brokerage for trading because it includes all of the qualities that a broker should really have.
People can place their faith in this company without being afraid of losing cash or having personal information exposed. In terms of security and privacy, it is also a well-known corporation. Everything is described clearly so that users do not become perplexed or wind up investing in the system.
It is operated by a bunch of qualified main leaders who have worked in the trading industry for many years. They now seek to assist young and inexperienced traders in determining their future in this industry. Because everything is coming online, trading has a bright future, and it will be a significant industry in the next five to ten years; the platform is continuing its expansion across the globe. Plus500, like many other successful trading brokers, assists traders in fine-tuning their abilities and techniques in order to maximize their profits.
Plus500 manages to create an aesthetically appealing investment portfolio that is complemented by a zero-commission model, thanks to a utilitarian interface that covers sophisticated capabilities. Clients of the platform will love having exposure to international currency trading as well as CFDs for cryptocurrencies, indices, stocks, and equities. Users can also put their tactics to the trial with a demo trading account that never expires and can be used alongside the live trading panel.
Plus500’s Tools
Plus500 takes care of its customers and makes every arrangement for their comfort. There are various tools provided by the company for users’ help. The economic calendar lists major happenings and events which are going to happen in the future. The knowledge about these events makes things easy for traders as these things can tell a lot about price behaviors and trends of trading instruments. The Tools menu also features news and insights. News and insights help traders and investors in doing fundamental analysis, which in turn helps in technical analysis. By utilizing the risk management facility of Plus500, traders can minimize the chances of losses in trading.
Flexible Customer Support
When it comes to the online marketplace, a highly responsive customer service team plays a critical role. Because there are no physical buildings or offices where clients can go to get their issues resolved, active customer service is the only option.
Customer support is the only means of communication between a company and its users, so one should not acquire a trading firm that does not provide decent customer service. If a trader has difficulty with the network and the corporation’s support team does not reply, the trader will be in major trouble and may jeopardize his hard-earned capital.
This is precisely why a broker should prioritize customer service by assembling a competent and accountable workforce. Customer service is responsible for resolving problems and challenges that users may have when using the website. They have answers to all of your problems, and their response speed is excellent. And that’s exactly how the Plus500 team operates. They are there for you to help you whenever needed. You are never alone in your journey; they have got your back always.
You’ll find a client support e-mail on the website where you may report your problems, but make sure to tell them everything about the problem to avoid any misunderstandings. There is also a FAQ section with answers to frequently asked questions. This portion, for example, will tell you which of the accounts is ideal for you. They’ll also explain how to set up an account. Clients’ important issues are also handled there. If your question isn’t answered here, you may approach them using their assistance e-mail address.
Clients can contact customer service by live chat or e-mail at any time of the day and any day of the week, which is convenient given that most brokers only provide support 24 hours a day, five days a week. The website is available in thirty-two languages, and customer service is also available in many languages. Hence, no matter what language you speak and understand, Plus500 can help you out.
Security and Regulation
The protection of privacy in the digital world has become a frightening prospect in recent years. Investors could suffer significant losses due to data breaches, which could have a significant impact on their lives. If you choose the wrong trading platform, your privacy will be jeopardized, and your hard-earned money will be ruined completely. However, just a few sites, such as Plus500, do not put consumers’ privacy at risk. Instead, they go to great lengths to ensure that their clients’ privacy is protected.
Users’ revenues are completely separated from Plus500’s operational funds in segregated savings accounts. Furthermore, credentials can be safeguarded with two-factor authentication (2FA) to keep them safe. Plus500 has also received federal approval in all of the regions where it functions. Secure Socket Layer (SSL) technology protects credit card transactions, keeping everything protected and confidential.
The website is built with multiple protection layers to ensure that no outside hacker entity may gain access to it. Users’ personal information is shielded from others thanks to encryption technology, which improves their safety. Even staff members are unaware of the financial facts, ensuring that nobody ever may distort the monetary information of the client in order to retrieve revenue from their personal accounts illegally.
Wherever applicable, Plus500 is regulated and licensed to operate by the proper regulatory agencies. This list now includes organizations such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and many others.
Final Verdict
The aforementioned services demonstrate that the trading company is capable of making you wealthy through the trading of multiple instruments. This platform has relatively low commission rates and a user-friendly interface. Plus500 is a safe, trustworthy, and extremely versatile platform that constantly evolves and incorporates cutting-edge technology into its working mechanisms. This aims to ensure that all of its investors have a seamless and improved trading experience.
With all of its top-notch features, this broker has the potential to become one of your favorite trading places.
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