Plus 500 Review
Are you looking for some reliable cryptocurrency trading platform for yourself? There are several cryptocurrency trading platforms out there. Out of all of these, Plus 500 is one of the most reputed CFD trading service providers in the global market. The company was established in the year 2008. Since then, this service provider has been offering highly lucrative offers & services to the global CFD traders. A trader with a Plus500 account can trade CFDs on Forex, Stocks, Commodities, Options and Indices. This trading platform has been established towards targeting the massive number of crypto currency market traders. Bitcoin has risen in value tremendously within few years and seems to maintain this trend. Trading Bitcoin or Ethereum here will be the next big thing. This trading portal also offers an excellently intuitive interface for its traders. It also comes as high-rated mobile applications & software for iOS and Android devices.
With the help of Plus 500 CFD trading platform, the traders can open up short as well as long term orders on Litecoin, Ethereum, Ripple, and Bitcoin. When compared to the other cryptocurrency trading peers, Plus 500 trading platform represents one of the biggest collection of CFD trading instruments that anyone can find. This is because it offers one of the highest amount of leverages amongst all of its competition.
Therefore, it can be said that amongst all the available CFD trading platforms, Plus 500 is one of the best options available out there. It offers highly intuitive trading platforms, several types of cryptocurrencies offering the highest leverages in the trading market, along with the high premium rates which could be charged on some overnight positions.
History & Background of Plus 500
Plus 500 is a leading CFD service provider in the cryptocurrency trading platform. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Traders Commission is authorized to issue these products to Australian residents.
Derivatives issuer licence in New Zealand, FSP #486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. It must be noted that Plus 500 has no authorization in the United States of America. Therefore, as a resident of the United States of America, you should consider trading with some other cryptocurrency trading platform. You can check our USA recommend brokers on the side bar.
When you start trading with Plus 500 CFD trading platform, this trading portal offers two options for account creation. These are the demo account options and another is the option of a live account. In a typical demo account, there is no specified time limit. Moreover, the demo accounts can also be opened free of charge. There is no need to trade anything while opening a demo account. While for the opening of a live account, you need to make a minimum deposit of 100$/€/£.
Trading Software of Plus 500
The Plus 500 CFD trading platform offers a proprietary comprehensive and a very simple user interface along with some high-end technical analysis applications & softwares that can be used to analysis by the traders. With the help of this trading portal, the traders are given the freedom to trade in multiple trading markets under the given same screen. Moreover, this Plus500 CFD trading software also offers the real time quotes for all of its services and products.
By using their CFD trading platform, the traders can trade all the main crypto currencies out there. In addition to the overall ease of use, one of the major advantages offered by the Plus 500 trading portal is that it includes all of the significant trading screens that come with clearly defined tabs. These tabs are present on the top section of the trading portal containing the exact details o the current positions as well as about the past trades. This might also include the information with respect to capabilities of trading in multiple trading markets. The charting software comes included with this trading platform itself. However, the charts on this platform appear on an individual basis. This is because the given charting software does not allow the appearance of multiple graphs on the same screen.
The Plus 500 trading portal is available in 4 different versions. These are as follows:
- A version that can be downloaded and copied on the desktop or laptop
- A web-based version allowing the traders to open & access the particular trading platform from any system
- An App version for the devices like iOS, Android, and Windows
- An Apple Watch version
Deposits & Withdrawals in Plus 500
The Plus 500 CFD trading platform offers higher ease of depositing and withdrawing from the same. When you wish to fund your trading account in Plus 500 trading platform, then you can achieve the same through a MasterCard or a Visa credit card, through wire transfers or MoneyBookers. One of the fastest ways of starting your trading with this trading platform is to start the trading by depositing a certain amount through the MasterCard or Visa credit card. When you wish to complete a particular deposit in the trading account, as a customer, you would need to click on the option “Funds Management”. Once you have clicked on this option, you can follow the given set of instructions that come up your way. Easy and convenient.
The funding of a trading account with the help of MoneyBookers is also very simple and instant. Using this mode of depositing, the traders need to navigate to the option “Funds Management” select the option MoneyBookers and enter the registered email address of your MoneyBookers account. After that confirm that funding of your account through the MoneyBookers transfer process.
The deposits made on Plus 500 trading platform with the help of the bank wire transfers are usually straightforward and very simple. However, such deposits might take around 5 days to get completed and then, show up in the registered trading account. Select “Deposit”, then, select the option “Wire Transfer”. After this, you can click on the icon that says “Send me Wire Details”. The Plus 500 trading platform will then send an email to the registered customer with the proper wiring details.
The email sent by the Plus 500 trading platform will contain all the relevant information. In addition to this, the email will also contain the maximum as well as minimum deposit amount values that can be allowed through a typical wire transfer.
Because of certain regulation requirements, each trader with Plus 500 is required to present a valid ID with photo. This could be driver’s license, passport, or any other kind of official document of the concerned trader.
All required information can be sent to the trading platform through the section “the Plus 500 Contact Form”. Alternatively, you can also send a tif, pdf, doc, or jpeg file type by uploading these file types. After this, all the submitted files are reviewed. In case wherein the identification and address documents are not scanned, the traders also have the option of taking a photograph of the same with the smartphone or digital camera. Then, the sending procedure can be followed with much ease.
How does the Plus 500 Trading System Work?
When you start trading with the Plus 500 cryptocurrency or bitcoin trader, there are two unique options for trading. You can open up two accounts with this trading platform. As already discussed, the first one is the free demo account. As the name implies, this is a trading account which can be opened without any cost or trading. In addition to this, the free demo account is also available for an unlimited period of time.
The other account offered Plus500 is the live trading account. This type of crypto trading account requires the respective traders to make a trading of deposit of minimum $100 into their individual trading accounts. Once the traders have made the required deposit, they can enjoy the full utilization of the Bitcoin Trading and it volatile markets. With this platform, the traders can do BTC trading online in real time.
The online platform of the Plus 500 trading system is available on the mobile applications as well. This is achieved through the mobile applications that can be downloaded and accessed from the iOS, Android, and even Windows smartphones and devices. The traders can also access the trading platform on their desktop computer or laptops to do CFD trading.
Customer Support of Plus 500
When it comes to customer support, Plus 500 trading platform offers excellent services. Support is offered through email and chats in multiple languages. You can access the customer support unit of the trading platform 24/7 anytime you are in search of any query. In case you are not able to contact the Plus 500 representatives through the chat option, then you can still reach out to them through the special Contact Us form available on the official site of Plus 500 trading portal.
The Plus 500 trading portal does not offer any telephonic customer care support.
Safety of Plus 500
As far as the safety of trading with Plus 500 trading portal is concerned, then you must be aware of the fact that this is a highly reliable and trustworthy CFD trading platform. The Plus 500 UK Ltd. is a completely authorized and regulated trading company that has been licensed by the FRN Financial Conduct Authority 509909. The Plus 500 CY Ltd. is regulated and authorized by the CySEC (Cyprus Securities and Exchange Commission) under the license 250/14. The Plus 500 AU Pty Ltd. is a registered trading platform under the license ACN 153 AFSL #417727. This license is issued by the Australian Securities & Traders Commission which is authorized to issue the license to the residents of Australia. In New Zealand, the Plus 500 trading platform has been issued under the license FSP #486026. This is authorized to be used by the residents of New Zealand. The Plus 500 AU Pty Ltd. is also authorized to be used by the residents of South Africa under the license FSP 47546.
Who & Why Use Plus 500 Trading System?
If you happen to be an aspiring or even a experienced Day Trader, you can definitely use the Plus 500 CFD trading platform. With this trading platform, you can trade in Bitcoin and others easy and quickly. You can incur greater losses or gain higher profits through Bitcoin trading by the speculation of the movements in the future trading prices with the help of this trading portal. This is because the Bitcoin tends to be a greatly volatile financial trading asset. The prices in the trading markets also tend to fluctuate drastically.
The traders who are looking forward towards the diversification of their individual financial portfolio with the help of cryptocurrency trading, they are going to definitely enjoy the trading Bircoin, LiteCoin, Ripple and Ethreum and also BTC/USD currency pairs. There are multiple reasons to use the Plus 500 trading platform. In addition to this, the trading system also offers services like 24/7 excellent customer care support, user-friendly trading interface, negative balance protection, full authorized online trading scenario, and so more.
Commissions of Plus 500
On a general view, the Plus 500 trading system also does not charge any additional commissions. The traders are charged no additional commissions on the bitcoin trades. At the same time, there is the absence of any dealing commissions as well.
If you are thinking of trading on some reliable and legitimate CFD trading platform, then Plus 500 is an ideal option for you. Plus 500 bitcoin trading system serves as a good choice for all the traders out there. It offers a simple and profitable trading platform wherein the traders can come across several asset trading capabilities. The new or the first-time traders can also take the advantage of the unlimited time frame offered to them when they are using the free demo account of the trading portal. At the same time, the vintage traders can avail the advantages of strict dealing spreads as well as the generous bonuses which are offered during the initial phases of trading & funding the account.
In addition to all the benefits, the Plus 500 trading system also offers the trader a possibility of the integration of their individual trades with some other financial trading markets – all under one screen. Therefore, it can be concluded that the Plus 500 trading platform is an excellent option for all the traders out there who wish join crypto currency trading in general and especially bitcoin’s volatile valuation over 7000 USD at the moment of writing this. Let’s begin the journey and start trading.
- 59 Forex pairs
- Demo Trading Account
- Tight spreads and leverage up to 300:1
- Internationally respected trading platform
- No telephone number for support
- MT4 Trading not supported
- No US traders allowed to trade on site