If you're into investing, you have probably heard about Plus500. It is one of the popular investment platforms and brokers. Thus, you probably have heard about it as you go on researching for the best ones. As you go on further, you may want to learn more about it. If so, read on.
If you want to consider this firm for your investments, Plus500 can be an excellent choice for you. However, you may want to learn more about it.
In this article, we'll cover an in-depth take on Plus500. This way, you can grasp and see if this company suits your investing goals and preferences.
Without further ado, let's get into it!
What is Plus500?
Plus500 is a well-known British international financial firm. It offers online trading services in contracts for difference (CFDs). Further, it covers more than 2,000 securities and various asset classes.
The company's headquarters are in Israel. However, it has subsidiaries in UK, Cyprus, Australia, Singapore, and Bulgaria.
What can you buy with Plus500?
Plus500 offers a variety of CFDs over 2000 financial instruments. If you plan on buying from this firm, you can avail any of the following:
If you're interested in ETFs, XTB has fantastic offers you can consider. Here's how you can buy ETFs on the firm.
How to buy ETFs on Plus500?
If you want to buy ETFs on Plus500, you can create an account through their website.
You can click on this link, and it will take you to their page. As you do, click the 'Start Trading Now' button.
It will take you to a page where you'll receive guidance as you setup your account in their company.
Plus500 also offers a free demo account if you want to try it out. It's available below the start trading button.
Is Plus500 a good broker?
Plus500 is a good broker for many reasons. For instance, it's regulated in three tier-1 jurisdictions and four tier-2 jurisdictions.
As a result, it becomes a safe broker for online trading. Further, many of its users say that the web-based trading platform is user-friendly.
For this reason, it makes an excellent option for beginner traders.
Is Plus500 good for beginners?
As I said earlier, Plus500 is an excellent option for beginners since the platform is user-friendly.
Due to the ease of usage, novice investors would navigate easily without suffering from complicated steps.
Is Plus500 a discount broker?
Plus500 is not a discount broker. A discount brokerage is a business that allows clients to buy and sell securities. However, it does not provide advice, research, planning, or other investment services.
Those who use discount brokerages have little to no interaction with a real broker. Thus, discount brokerages charge lower fees.
How much money do you need to open a Plus500 brokerage account?
If you want to open a Plus500 brokerage account, you may need around $100-$300. The firm's smallest deposit varies on your chosen deposit method.
If you do so via credit/debit cards or electronic wallets, it is $100. However, if you would do so through bank transfers, it will be $300.
Does Plus500 have hidden fees?
Plus500 does not have any hidden fees. The brokerage firm receives income through the services it renders through the spread.
How does Plus500 make money?
Plus500 makes money with the services it renders through the market spread.
For instance, they have a currency conversion fee. It means the firm charges a fee for all trades on instruments denominated in a different currency from your account.
How to withdraw money from Plus500?
If you want to withdraw from Plus500, you can follow these steps to do so.
First, you need to login to their website or app and click funds management. Then, you need to click withdrawal, then select your preferred method.
Afterward, fill in the information required and click on submit button.
Who owns Plus500?
The owner of the Plus500 trading platform is Plus500UK Ltd. It's a UK-based company with its main offices located in London.
Further, the company runs authorized and regulated by the Financial Conduct Authority.
The firm rapidly grows as a CFD provider in Europe and Asia. Further, it offers its portfolio of over 1000 instruments to over a million clients.
What bank does Plus500 use?
As I said, the Plus500 runs while getting regulated by several financial authorities. Among these are:
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Australian Securities and Investments Commission (ASIC)
- Monetary Authority of Singapore (MAS)
- Israel Securities Authority (ISA)
Moreover, the firm belongs on the London Stock Exchange with the ticker "PLUS.” It is also a constituent of the FTSE 250 Index.
Plus500 User Reviews
Plus500 is an excellent opportunity for investments. Here's an overview of the reviews in TrustPilot. Out of 1109 reviews, the company earns this review:
- 40% says it's excellent
- 17% says it's great
- 6% says it's average
- 4% says it's poor
- 33% says it's bad
Of course, it will only go as far as the reviews. Since many people have said so, it offers quite a reassurance.
Still, as always, personal and in-depth research wouldn't hurt you. For this reason, it would be best not to get involved unless you know your way around it.
Plus500 Broker is a great firm you can count on to manage your investment needs. Moreover, they boast of their outstanding performance and their large assets under management.
As always, it would be best to research your own and consider what other people say about the company. This way, you'll get to understand it more and know your way in it before you place your hard-earned money.
Isn't Plus500 right for you? Check its best alternatives.