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Plus500: complete guide to this trading platform

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Plus500 is one of the best brokers on the market. It is a safe and reliable platform that is also one of the oldest in the market. Therefore, it is a good choice to start trading on the stock market.

🥇 Broker Plus500
🏢 Headquarters London
⌚ Foundation 2008
🎯 Typology Market Maker
💰 Minimum Deposit € / $ 100
📈 Platform Webtrader
🔥 Popular assets Forex – Stocks
🏆 Rating ⭐️⭐️⭐️⭐️
Plus500 in detail

Throughout this guide we will review all the relevant features of this trading platform . We will highlight its advantages and strengths and the reasons why it is one of the brokers with the longest experience and the highest levels of satisfaction by its users in relation to the market average.

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Other notable aspects are the media presence, with the sponsorship, for example, of the Atlético de Madrid football club or the fact of being one of the few online brokers that is listed on the main market of the London Stock Exchange.

History of the Broker Plus500

Let’s review the most important stages that have characterized the history of Plus500, one of the best trading platforms in the world.

In fact, we are looking at a pioneering platform that in 2009 started trading CFDs on shares . It is also one of the pioneer brokers in providing the option to operate CFDs online for Linux and Mac users and later also offered operations on Android and iPhone.

Other relevant dates in the history of this trading platform are:

  • 2013: First broker to introduce Bitcoin CFD trading
  • 2014: the business group reaches and exceeds the $ 1 billion capitalization threshold
  • 2015: launch of the application for Windows Phone
  • 2015: Official sponsor of Atlético de Madrid
  • 2016: launch of the new Web Trader, compatible with both desktop PC and mobile devices

Regulation and safety of Plus500

Let’s start by focusing in particular on one of the greatest qualities of this Broker: the regulation of the Cyprus Securities and Exchange Commission .

We are talking about the Cypriot financial body, which has first and foremost the task of controlling financial services operating from Cyprus. The Plus500 license is number 250/14.

Plus500 provides a safe and reliable platform for trading on the Stock Market. Regarding the legal aspect, the company has regulations in all corners of the planet, for example:

  •  Financial Conduct Authority (UK)
  • Cyprus Securities and Exchange Commission, (Cyprus)
  • Australian Securities and Investments Commission (Australia).

We summarize all the main features of Plus500 in terms of licenses and regulations:

  • Authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14)
  • Plus500 Ltd is a company listed on the FTSE 250 listed on the main London Stock Exchange market.
  • Investor funds segregated in bank accounts other than the broker
  • Fully SSL website (therefore 100% secure)
  • CONSOB registered (nº 4161)

In essence, this means that the money uploaded to the platform is really safe and that there will be absolutely no negative surprises. Unfortunately, the surprises come from other unregulated and unauthorized or unregulated platforms.

After carefully analyzing the security aspect, we can safely say that Plus500 is an online trading platform that you can really trust 100%.

Why trade with Plus500?

It is not by chance that many traders around the world choose this platform to trade CFDs. We will analyze below some of the most notable reasons:

It is a very reliable platform, from all points of view. We have already seen what their licenses are. More importantly, the software platform available to customers is extremely reliable.

Trading online with Plus500 is very interesting from the point of spreads : the spreads on this platform are very competitive when compared to the market average. Furthermore, the costs of holding open positions in closed markets (overnight fees) are also extremely limited.

Plus500 is one of the most intuitive platforms to use. It is possible to operate from your computer, but also from a mobile phone or tablet.

For those who just want to experience trading before trading with real money, Plus500 allows trading in Demo mode for free. This is very important because other brokers allow you to access the demo version only after making the first deposit or after paying a commission.

What are the main advantages of Plus500? Here are all the most important ones:

  • Competitive spreads
  • No commissions on execution
  • Minimum deposit of only 100 euros
  • Simplified and advanced operations management
  • Maximum operational safety

How to open a trading account at Plus500

Opening an account at Plus500 is really a simple option, as well as being very fast and practical:

  • Record
  • Fill out the Mifid questionnaire
  • Make the first minimum deposit (to trade with real money)

Registration: The process takes a few minutes, just enter our personal data and a copy (in PDF) of an identification document and proof of residence.

Mifid questionnaire: To profile each client, the Mifid questionnaire must be completed with all the useful information to catalog each investor. Sensitive data is protected at the European level.

Deposit : The minimum deposit to invest with Plus500 is only € 100. It will be possible to make a deposit by bank transfer, credit card, Paypal or Skrill.

 

Plus500 main features

We now review all the main features and functionalities that Plus500 makes available to its customers.

Assets available

The Plus500 trading platform is undoubtedly one of the most reliable solutions when it comes to trading CFD contracts around the world.

In fact, it can be safely defined as one of the most comprehensive platforms in the entire European landscape, at the top of the category also in terms of security and customer service globally.

With Plus500 it will be possible to operate on hundreds of Assets, divided by category:

  • Actions
  • Indices
  • Commodity
  • Cryptocurrencies
  • Forex
  • ETF

Spreads are also among the most affordable in the world, for any asset traded.

 

Deposit and withdrawal

With such a secure online trading platform, it goes without saying that withdrawals and deposits are instantaneous.

The opinions and reviews on withdrawals and deposits are very positive and all clients can withdraw their money very quickly.

Regarding the aspect of withdrawals, we can say that at Plus500 it is possible to withdraw through several methods:

  • Prepaid / credit cards for Visa and Mastercard circuits
  • Skrill Virtual Wallet
  • Paypal virtual wallet
  • Bank transfer to checking account

Instruments and indicators

There are several risk management tools for Plus500 clients, which provide traders with the peace of mind needed to implement trading strategies.

Traders can manage their financial leverage independently and based on two criteria. We refer to the ‘Total value of the position’ and the ‘Equity’. These instruments can be viewed from the Account Summary page accessed from the main trading window.

Traders can also set preset price levels, as well as Stop Loss or Take Profit to better manage our open positions. This is a fundamental feature to better manage our money.

In addition, it is possible to configure price alerts to receive notifications when the market reaches a certain buy or sell price.

Unlike taking profit, a price alert keeps the position open. Therefore, you can decide how to handle trading as the market moves.

On the »Instrument Details» screen there is a bell icon: clicking on the bell will open a “Price Alert” screen where you can set your preferences.

An additional tool offered at Plus500 is its Trailing Stop, very similar to a price cap. In fact, both are designed to protect profits.

This is how the Trailing Stop works : setting it at 20 pips from the opening price, it will follow the price value always keeping the distance of 20 pips. In short, a dynamic Take Profit, essential to optimize our profits.

 

Plus500 Costs and commissions

What are the fees at Plus500? Let’s say right away that this Broker is extremely convenient and eliminates overhead on many items.

In detail, no fixed commission is paid for the following services:

  • Opening and closing of operations
  • Real time quote
  • Dynamic graphics
  • Rollover

The only costs that will be incurred relate to fringe activities, which not all customers use, namely:

  • Overnight financing
  • Currency Conversion
  • Guaranteed Stop Order
  • Inactivity

Plus500 Reviews

The opinions and reviews of this broker are very positive, with few criticisms and very high scores on portals such as Trustpilot.

Many investors appreciate the speed of the platform and the absence of fixed commissions in the execution. The speed with which withdrawals are handled is also a strength of Plus500.

On Trustpilot , a well known portal with verified reviews, there are more than 1,200 reviews of which more than 80% are extremely positive. The rating is 4.4 / 5, a very high score.

Plus500 and taxes

Does the Plus500 Broker make withholdings? The answer is no, so it will be necessary to request the history of closed transactions during the calendar year to verify the amount of our earnings.

Therefore, it will not be the Broker who will make the distinction between gross and net amount, it will correspond to us to declare the profits obtained that will be taxed between 19% and 23%.

Obviously we always suggest consulting our tax advisor , since the tax situation depends on each person.

Conclusions

Plus500 is an extremely solid Broker Market Maker that has made simplicity and transparency its strong point.

With more than 317,000 active clients, it represents a leading company in the online trading sector.

In this guide we have analyzed its strengths and better discovered the corporate structure behind the Plus500 platform. We have also verified how it is a safe, regulated platform that the trader can trust for their operations.

In the same way, it is one of the brokers with the largest amount of assets in the market, in fact, it is considered as the broker with the largest volume of assets, as well as one of the pioneering platforms and one of the few listed on the Stock Exchange of London.

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