Headquarters: London, United Kingdom
Regulated: Yes (CySEC, FCA, ASIC)
USA Traders: Not Allowed
Available Assets: 2000+
Min. Deposit: $100
Additional Features: Stop-loss, Trailing SL & TP, Risk Alert, Unlimited time Demo Account.
Platform Provider: Plus500
Founders: Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari, Shlomi Waizman, Shimon Sofer.
Languages: 30+ different languages
Plus500 is a CFD’s (Contract For Difference) broker and not a binary options broker. However, both are quite similar and contain trading on currencies and commodities. Plus500 headquarters is in London, UK. Plus500 and its subsidiaries are regulated with all major regulations authorities. Plus500UK Ltd (Regulated by FCA), Plus500AU Pty Ltd (Regulated by ASIC) and Plus500CY Ltd (Regulated by CySEC and FCA). They are considered as one of the biggest CFD’s brokers in the world and are listed on the main London Stock Exchange. As a part of their branding efforts, they have signed in 2015, one of the largest sponsorships deals in the industry with the famous Spanish football club, Atlético Madrid.
Plus500 Trading Platform
Plus500 trading platform is a powerful in-house development, offers staggering amount of over 2,000 instruments available for trading. The Plus500 website can be viewed in 32 different languages! The site automatically redirect users to their configured computer language, this of-course makes the user experience very comfortable. As for the trading platform, they offer several standard risk management tools, which are highly important for maintaining safe trading routine as well as minimizing the natural risk involved with CFD trading.
Like all CFD’s brokers, Plus500 is not different and allows traders to enjoy the power of leveraging. The leverage level allows gives cfd traders to enlarge the underlying asset movement they pick to trade on. It is highly recommended for new traders to use the leverage exactly as they would normally would without leverage, to reduce risk. Traders can very easily choose their level of leverage out of 3 offered possibilities: high, low or no leverage. The level depends on the total positions value as well as the current account equity level (determined by depositing or withdrawing funds). Both can be viewed from at the Account Snapshot page. An interesting fact to know is that they were the first CFD broker to offer leveraged bitcoin trading, started on 1:4 in January 2014 all the way to 1:10 nowadays.
Stop-loss & Trailing Stop
The Stop-Loss is perhaps the most standard risk management tools out there and is know to be very popular among cfd traders. This tool simply allows you to pre-set your maximum position loss. This option is not available on trades that were already open and can not be removed while it is active. However, you can still change its rate level.
With the Trailing Stop Loss a trader can lock in profits by closing a position at the trailing stop’s new level and not the level that was initially set. The only downside with this tool is that it forces you to manually monitor a position and adjust it accordingly.
This quite unique feature main functionality is to keep you posted in case a certain level which you will need to pre-set has been reached. Once that pre-defined levels did occur, you will be notify by an e-mail or SMS. It is important to understand that unlike with the stop-loss tool, here your trade won’t be automatically closed.
Like most binary options, Forex and CFD brokers plus500 are also offering bonuses for new clients. Their bonus structure is quite straightforward. They offer $30 for those who start with $100 minimum deposit. On $500 deposits, traders will get a $150 bonus. On $5,000 deposit traders will already receive a$1,000 bonus. They also offer a Non-Deposit $25 bonus right after the registration, which is given mainly in order to allow new traders to test the trading platform without investing any real money at first.
Why to open an account with Plus500
Well, to be honest it is quite easy to declare that if you are interested CFD’s trading, you should defiantly consider Plus500 as your broker. They are without a doubt, one of the largest and reliable CFD’s brokers in the world. They are licensed with numerous regulations authorities and are the main sponsors of one of the largest football clubs in the world. Another thing I really liked when conducing this broker review, is the fact that unlike many brokers who hires an aggressive sales team in order to push clients to make more deposits. Plus500 has NO sales team at all! This makes them by far one the most legitimate brokers out there.
Why NOT to open an account with Plus500
There are not real reasons of why not to trade with them if you are into CFD trading. However, the fact they do not have a phone costumer support team is kind of a disadvantage as you do want to have the possibility to talk with someone over the phone in case you need help.