Plus500 review
Plus500
Plus500 na fintech company and broker wey dey provide wide range of CFDs for Forex, shares, futures, commodities, and indices. The company dey listed for London Stock Exchange and dem regulate am with reputable authorities like Financial Conduct Authority (FCA) for UK, CySEC for Cyprus, ASIC for Australia, FSA for Seychelles, FSRA for Estonia, FSA for Dubai, and Monetary Authority of Singapore.
With large client base for Europe and Asia, Plus500 dey focus on the protection of clients' funds by holding dem for separate bank accounts. Dem also dey provide mobile trading apps wey easy-to-use and wey don receive positive ratings on Google Play and Apple Store.
Since dem start for 2008, Plus500 don achieve plenty milestones, including going public for London Stock Exchange, expanding their operations go different countries, and dem suppose dey serve 20 million customers.
To make sure say traders dey safe, Plus500 dey maintain their official website and app as the only platforms wey you fit use trade and dem advise say make you dey careful against fraudulent communications abeg. Dem dey provide 24/7 customer support through different channels, including FAQ section and email support. However, make you note say dem no get live chat support, and e fit be negative thing.
Na important thing say Plus500 don receive negative reviews from traders and dem don pay fine of £200,000 by FCA for 2012, and this one fit make person think say dem no legit. With this thing and the fact say dem no get live chat support, plus the fact say dem get better alternatives wey provide similar trading conditions, e fit make sense make person avoid this broker.
Countries
Afghanistan, Albania, Algeria, Andorra +173 more
Regulations
ASIC, CySEC, DFSA, FCA UK +5 more
Account currencies
EUR, USD
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Indices, Options, Precious metals, Soft Commodities
Platforms
Custom
Deposit methods
Bank Transfer, Bpay, Credit Card, PayPal, POLi, Skrill
Others
Segregated accounts, Demo account, Exotic Pairs, Fast withdrawals, Lowest minimum deposit, Micro Lots, Negative balance protection
Promos
Visit brokerThe broker's trading accounts no get clear information, and this dey make am difficult to understand the details. The spreads for EURUSD dey start from 1.5 pips, wey dey higher than the industry average of 1 pip. Dem no dey charge any trading commissions for the available live account. The maximum leverage fit reach up to 1:300, depending on the trader's jurisdiction. Gold get spread of 0.46, while Bitcoin get spread of 92.47.
Plus500 dey provide quick explanations and FAQ section for each asset type wey dem offer. But, the fact say we no get well-explained trading accounts and live chat support, e dey make am long and hard to get precise information about the broker's trading services. Because say major pairs get high spreads and dem no get 0 pip spread accounts for scalpers, e dey hard to recommend Plus500 as preferred broker.
Regarding trading education, Plus500 dey provide different resources including eBooks, videos, and comprehensive FAQs section. As for market research tools, the broker dey provide economic calendar, insights, risk management features, alerts, and news and market insights.
Unfortunately, Plus500 no give enough information about available trading platforms apart from mobile apps and the payment charges. This one fit mean say all withdrawals suppose get fees, and the broker fit only provide proprietary web traders. The fact say traders go need open account before dem fit see important information about trading platforms, e dey reduce the desire to choose Plus500.
With expensive spreads for major pairs, Plus500 no be the best option for scalping purposes. The broker's website no provide any information about minimum deposit requirements, and this one add more doubts. Some online sources talk say e fit be around $100, but the lack of clarity dey bring more suspicions about Plus500.
