Plus500 CFD Service Review 2024

What is Plus500 CFD Service?

Plus500 is a global fintech online trading provider that operates as a Contract for Difference (CFD) provider. It offers a wide range of financial instruments for trading, including forex, stocks, indices, commodities, and cryptocurrencies. The company was founded in 2008 in Israel. and has since grown to become a leading provider of CFD services. Plus500 is mainly compensated for its services through the Bid/Ask spread. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It’s important for traders to understand how CFDs work and whether they can afford to take the high risk of losing their money. In the context of forex, Plus500 allows traders to trade CFDs on a wide range of currency pairs. This means that traders can speculate on the price movements of different currency pairs without owning the underlying asset. Please note that Plus500 does not provide CFD services to residents of the United States. It’s also worth noting that Plus500 is regulated by several financial authorities worldwide, including the Financial Conduct Authority in the UK, the Cyprus Securities and Exchange Commission, and the Australian Securities and Investments Commission. This regulation provides traders with an added layer of protection when trading with Plus500. Remember, trading CFDs carries a high level of risk and may not be suitable for all investors. Always consider your financial situation and investment objectives before trading.

What is the Review Rating of Plus500 CFD Service?

What are the Pros of Plus500 CFD Service?

Here are some of the key advantages of the Plus500 CFD Service:. Regulation: Plus500 is a global CFD broker listed on the London Stock Exchange’s Main Market and regulated by many authorities, including the UK’s FCA and CySEC of Cyprus. This ensures that the broker upholds fair market standards for both individuals and corporations. Platform Design: Plus500 has a clean site, with an especially well-designed mobile platform. This makes it user-friendly and easy to navigate for traders. Account Opening Process: The account opening process at Plus500 is efficient and customer-friendly. In tests, accounts were able to be opened within a day. Customer Support: Plus500 offers quick and helpful customer support. This is crucial for traders who may need assistance or have queries about their trades. Wide Range of Markets: Plus500 offers a long list of CFD offerings to its clientele across 50 countries. These include cryptocurrencies, individual shares, commodities, stock indexes, ETFs, and currency. Risk Management Tools: Plus500’s trading platform boasts risk management features such as watchlists that aid traders in examining charts, placing, and tracking transactions. Negative Balance Protection: As authorized by ESMA since 2018, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts. Guaranteed Stop Loss Orders: This feature shields Plus500 traders from market gap risk. However, it’s important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Therefore, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.

What are the Cons of Plus500 CFD Service?

Plus500 is a well-known platform in the Contract for Difference (CFD) industry, offering a wide range of trading assets. However, like any financial service, it has its drawbacks. Here are some of the cons associated with the Plus500 CFD service:. High CFD Fees: Plus500 charges high fees for CFD trading. This can significantly impact the profitability of trades, especially for frequent traders. Mediocre Research Tools: The platform does not offer advanced research tools. This can be a disadvantage for traders who rely on in-depth analysis and data to make informed trading decisions. No Recommendations or Fundamental Data: Plus500 does not provide recommendations or fundamental data. This lack of guidance can be challenging for novice traders or those who prefer a more hands-on approach from their broker. Inactivity Fees: Plus500 charges an inactivity fee if you don’t log in to the platform. This can be a disadvantage for traders who do not trade frequently. Restrictions on Trading Techniques: Techniques like scalping, hedging, and algo-trading are not allowed. This can limit the strategies available to traders. Higher Spreads: Compared to other brokers, the spreads at Plus500 are higher. This can affect the cost of trading and the potential returns. No Social Trading: Plus500 does not offer social trading. , which allows traders to follow and copy the trades of experienced traders. This feature is offered by many other brokers and can be a valuable learning tool for novice traders. No Daily Market Analysis from Experts: Plus500 does not provide daily market analysis from experts. This lack of expert insight can be a disadvantage for traders looking for professional opinions on market trends and trading opportunities. . It’s important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs with this provider. Therefore, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.

What are the Plus500 CFD Service Current Promos?

Plus500, a leading provider of Contracts for Difference (CFDs), offers a variety of bonus programmes. However, it’s important to note that these bonuses are not available in all regions. The bonus amount is added to your account once you’ve traded the required number of Trader Points. Here are some of the bonus programmes currently offered:. SILVER: Deposit a minimum of £1,000 and receive a bonus amount of £150. You need to trade 150 Trader Points to avail this bonus. GOLD: Deposit a minimum of £4,000 and receive a bonus amount of £800. You need to trade 700 Trader Points to avail this bonus. PLATINUM: Deposit a minimum of £10,000 and receive a bonus amount of £1,500. You need to trade 1500 Trader Points to avail this bonus. DIAMOND: Deposit a minimum of £40,000 and receive a bonus amount of £8,000. You need to trade 8000 Trader Points to avail this bonus. Each instrument gives different Trader Points (TPoints) per amount traded. For example, if you open a position on GBP/USD and buy a position worth of £27,000, you will receive 7.29 TPoints. Each £1,000 is worth 0.27 TPoints. Please note that the bonus code applies to special bonus promotions only. The special bonus code will be published in the applicable special bonus promotion. Remember, trading CFDs may not be suitable for some investors. Please ensure you fully understand the risks involved. Always check the Terms and Conditions before participating in any bonus programmes.

What are the Plus500 CFD Service Highlights?

Plus500 is a well-established platform for trading contracts-for-difference (CFDs) on a variety of assets including commodities, ETFs, forex, indices, options, and shares. Here are some of the key highlights of the Plus500 CFD service:. Availability: CFD trading is available at Plus500. Variety of CFDs: Stock CFDs, stock index CFDs, and commodity CFDs are among the most common types. Costs: Spreads, commissions, withdrawal fees, and inactivity fees will make up the bulk of your costs. Negative Balance Protection: Plus500 provides negative balance protection. Minimum Deposit: The minimum deposit at Plus500 is $100. Account Opening Time: It takes approximately one day to open an account. Deposit Methods: You can deposit funds via bank transfer, credit/debit cards, PayPal, and Skrill. Leverage: Leverage is not manually settable. Demo Account: Plus500 provides a demo account. In the context of forex, Plus500 allows you to trade forex CFDs. This means you can speculate on the price movements of various currency pairs without actually owning the currencies. The profit or loss you make is based on the difference between the opening and closing price of the forex CFD. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is Plus500 CFD Service Legit and Trustworthy?

Plus500 is a well-established and trusted global brand in the world of online trading. It offers a user-friendly trading platform for online traders, providing access to share trading, futures within the U.S. market, and a thorough selection of CFDs through the broker’s separate Plus500 CFD platform. Plus500 is publicly traded and does not operate a bank. It is regulated in six Tier-1 jurisdictions, three Tier-2 jurisdictions, and one Tier-4 jurisdiction. This regulatory oversight is a strong indicator of its legitimacy and trustworthiness. The platform is particularly attractive to beginners due to its simplified interface and growing selection of educational content. However, it’s worth noting that the platform’s research content and market updates may not fully satisfy the needs of active traders. Plus500 offers a good range of tradeable symbols, which can be traded as CFDs. It also appears to offer spreads close to the industry average on most of its major forex pairs. CFD option contracts are available for more than 20 popular symbols. However, potential users should be aware that trading CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In fact, 79% of retail investor accounts lose money when trading CFDs with this provider. Therefore, it’s crucial to understand how CFDs work and whether you can afford to take the high risk of losing your money. Customer reviews on Trustpilot give Plus500 a rating of 4.0, indicating a generally positive user experience. Some users praised the platform’s intuitive interface and useful risk warnings. However, some users have expressed concerns about high commissions, large spreads, and restricted trading. In conclusion, Plus500 is a legitimate and trustworthy CFD service provider, regulated by multiple financial bodies and offering a user-friendly platform. However, potential users should be aware of the risks associated with CFD trading and ensure they fully understand these before proceeding.

Is Plus500 CFD Service Regulated and who are the Regulators?

Yes, Plus500 CFD Service is regulated and it is overseen by multiple regulatory bodies across different jurisdictions. Here are the details:. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA). The FCA is a top-tier regulator in the brokerage world, holding financial service providers to a high standard of conduct and compliance with strict regulations. This provides an extra layer of safety and protection for traders. Under FCA regulation, an investor protection scheme provides coverage up to £85,000 for losses if the broker goes bankrupt. Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Plus500AU Pty Ltd holds AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa. Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (SFSA). Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (EFSA). Plus500SG Pte Ltd holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products. Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA). These regulatory bodies ensure that Plus500 adheres to stringent standards and regulations, providing a secure trading environment for its users. However, it’s important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Therefore, traders should be aware of the risks involved and trade responsibly. In the context of forex trading, these regulations provide assurance to traders that Plus500 operates with transparency and fairness. However, it’s important to remember that trading forex involves a significant level of risk, and it’s crucial to understand the market before making any trades. Please note that the information provided here is general in nature. Traders should consider their own objectives, financial situation, and needs before deciding to trade with Plus500.

Did Plus500 CFD Service win any Awards?

Plus500, a leading provider of Contracts for Difference (CFDs) on Cryptocurrencies, Shares, Forex, Commodities, ETFs, Options, and Indices. , has indeed been recognized for its comprehensive activity and strategic initiatives. The company’s trading platform is one of the highest-rated CFD trading apps on Apple’s App Store. This recognition is a testament to Plus500’s commitment to providing a reliable and intuitive access to financial opportunities. Plus500’s success is not limited to its mobile platform. The company has also made significant strides in expanding its global presence. For instance, Plus500CY Ltd, a subsidiary of Plus500 Ltd, is a rapidly growing CFD provider that currently offers a portfolio of over 2800 instruments. Furthermore, Plus500 has demonstrated its commitment to growth and innovation by entering new markets such as the United States, where it offers futures trading. This expansion is a clear indication of Plus500’s ambition to strengthen its position as a multi-asset fintech group. In conclusion, while specific awards are not mentioned, Plus500’s achievements and recognitions in the field of CFD trading, particularly in Forex, are indicative of its commitment to excellence and customer satisfaction. These accomplishments certainly position Plus500 as a distinguished player in the financial trading industry.

How do I get in Contact with Plus500 CFD Service?

To get in contact with Plus500 CFD Service, a leading provider of Contract for Difference (CFD) service, you have several options. Online Support: Plus500 offers online support where their support team is ready to assist you with any matter. WhatsApp: Plus500 provides support through WhatsApp, making it convenient for users to get assistance. Email: You can write to them directly through their website. When writing, you’ll need to provide your name and email address. You can choose the subject of your query from options such as withdrawals and trading. Description: You have the option to provide a description of your query, which can be up to 999 characters. File Upload: If necessary, you can upload an image in a common file format, such as JPEG or PDF. The file size is limited to 4MB. After submitting your query, Plus500 will do their best to handle and respond to it as soon as possible. Please note that trading CFDs carries risk and 81% of retail investor accounts lose money when trading CFDs with this provider. Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Remember, it’s important to understand the risks involved in forex trading and to seek independent advice if necessary. Always consider your investment objectives and risk tolerance before trading forex.

Where are the Headquarters from Plus500 CFD Service based?

Plus500 is a global fintech firm that provides online trading services in contracts for difference (CFDs), share dealing, futures trading, and options on futures. The company was founded in 2008 by six alumni of the Technion - Israel Institute of Technology. The headquarters of Plus500 is located in the United Kingdom. The exact address is 8 Angel Court, Copthall Avenue, London EC2R 7HJ. Plus500 is authorised and regulated by the Financial Conduct Authority (FRN 509909). In addition to its UK headquarters, Plus500 has subsidiaries in various countries including the UK, Cyprus, Australia, Israel, Seychelles, Singapore, Bulgaria, Estonia, the United States, and Japan. For instance, Plus500CY Ltd, a Cyprus-based company, has its offices located in Limassol. Plus500AE Ltd, which facilitates the opening of trading accounts and offering of CFD services by Plus500CY Ltd, has its registered office at Gate Village 4, Level 1, Unit 109-110, DIFC, Dubai UAE. In the context of forex, Plus500 offers a platform for forex traders to trade in the currency market. The company provides a robust and user-friendly platform for forex trading, making it a preferred choice for many traders around the globe. It’s worth noting that Plus500 does not provide CFD services to residents of the United States. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It’s reported that 81% of retail investor accounts lose money when trading CFDs with this provider. Therefore, it’s crucial for traders to understand the risks involved in forex trading and make informed decisions.

What kind of Customer Support is offered by Plus500 CFD Service?

Plus500 CFD Service offers a comprehensive customer support system to assist its users with various matters. Here are the key features of their customer support:. 24/7 Support: Plus500 provides round-the-clock support to its users. This ensures that users can get assistance at any time, regardless of their location or time zone. Online Contact Form: Users can reach out to the support team through an online contact form available on the Plus500 website. The form requires users to provide their name, email address, and the subject of their query. They can also include a description of their issue or question, up to 999 characters. WhatsApp Support: Plus500 offers support through WhatsApp. , providing a convenient and familiar platform for users to get help. File Upload Option: If users need to provide additional information or evidence to support their query, they can upload an image file in a common format such as JPEG or PDF. The file size is limited to 4MB. Response Time: After submitting their query, users are assured that the Plus500 team will do their best to handle and respond to it as soon as possible. In the context of forex trading, these support features can be particularly useful. Forex trading can be complex and requires timely information and assistance. The 24/7 support ensures that forex traders can get help whenever they need it, whether they’re dealing with technical issues, have questions about their account, or need assistance with trading decisions. The option to upload files can be beneficial if traders need to discuss specific charts or reports with the support team. Please note that Plus500 does not provide CFD services to residents of the United States.

Which Educational and Learning Materials are offered by Plus500 CFD Service?

Plus500, a leading provider of Contract for Difference (CFD) services, offers a variety of educational and learning materials to help users understand and navigate the world of online trading, particularly in the context of forex. Trading Academy The Plus500 Trading Academy is a comprehensive resource designed to educate users about online trading. It includes a range of materials such as:. Traders Guide Videos: These are instructional videos that provide visual guidance on various aspects of trading. They are designed to be easily understood and are suitable for both beginners and experienced traders. Plus500 eBook: This is a digital book that provides in-depth information on various trading topics. It is a valuable resource for users who prefer to learn at their own pace. FAQs: The Frequently Asked Questions (FAQs) section provides answers to common queries about trading. This is a quick reference guide for users who need immediate answers to their questions. . Plus500 also provides a demo account where users can practice trading with virtual money before risking their own funds. This is a practical way to apply the knowledge gained from the educational materials and to gain hands-on experience in trading. It’s important to note that while Plus500 provides these educational resources, it does not claim to be an official academic institution that has received recognition from any country or government. Therefore, the materials should be used as a guide to supplement users’ knowledge and understanding of online trading. Overall, Plus500’s educational and learning materials are designed to equip users with the necessary knowledge and skills to engage in online trading, particularly in forex. They provide a solid foundation for understanding the basics of trading and offer practical tools for users to enhance their trading skills.

Can anyone join Plus500 CFD Service?

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, ETFs, options, and indices. However, the eligibility to join Plus500’s CFD service depends on several factors. Geographical Restrictions Plus500 does not provide CFD services to residents of the United States. Therefore, your geographical location plays a crucial role in determining your eligibility to join Plus500’s CFD service. Understanding of CFDs CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. As such, you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Professional Account Plus500 offers its Professional Customers most of the protections offered to Retail Customers at no additional cost. You might be eligible to apply for a professional account. Professional Traders are not subject to leverage restrictions. However, please be aware that leverage amplifies investor losses and gains. Regulatory Compliance Plus500 operates through several subsidiaries, each of which is authorised and regulated by different financial authorities around the world. These include the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Markets Authority (FMA) in New Zealand, the Financial Sector Conduct Authority (FSCA) in South Africa, the Seychelles Financial Services Authority (SFSA) in Seychelles, the Estonian Financial Supervision and Resolution Authority (EFSA) in Estonia, and the Monetary Authority of Singapore (MAS) in Singapore. In conclusion, while Plus500’s CFD service is accessible to many, it’s not available to everyone. The eligibility criteria include geographical location, understanding of CFDs, and regulatory compliance. If you meet these criteria, you may be able to join Plus500’s CFD service.

Who should sign up with Plus500 CFD Service?

Plus500 is a global CFD broker that offers a wide range of trading opportunities. It is regulated by many authorities, including the UK’s FCA and CySEC of Cyprus. Here are some key points to consider when deciding whether to sign up with Plus500 CFD Service:. Experience and Risk Tolerance: CFDs may be suitable for certain knowledgeable traders with a high-risk tolerance who can afford to lose their money. This includes day traders, traders who seek leveraged trading, and those seeking access to a wide variety of markets for less capital and without having to own the underlying assets. Geographical Availability: Plus500 does not provide CFD services to residents of the United States. Therefore, traders outside of the U.S. may consider this platform. Trading Spreads: At Plus500, S&P 500 CFD spreads are considered to be average, providing traders with a reliable and consistent trading experience. The S&P 500 CFD spread at Plus500 is 0.7, which is the average spread among 53 brokers reviewed. Demo Account: Plus500 offers a Demo Account with no time restrictions. This is particularly beneficial for beginners who wish to practice trading strategies without risking real money. Regulation and Safety: Plus500 is a reliable broker regulated by top-tier regulators. This provides an added layer of security for traders. Ease of Account Opening: The account opening process at Plus500 is straightforward and requires no prior knowledge. The approval of your account could take 1 day. In conclusion, Plus500 CFD Service is a good choice for experienced traders with a high-risk tolerance, non-U.S. residents, and those seeking a reliable trading experience with average spreads. Beginners may also find value in the unrestricted Demo Account. As always, potential traders should consider their financial situation and trading objectives before starting.

Who should NOT sign up with Plus500 CFD Service?

While Plus500 is a well-regulated platform offering a wide range of markets, including forex, ETFs, cryptocurrencies, options, indices, shares, and commodities. , it may not be suitable for everyone. Here are some categories of people who might want to reconsider signing up with Plus500:. Residents of Certain Countries: Plus500 does not provide CFD services to residents of the United States. Additionally, Cryptocurrency CFDs are not available to UK Retail Clients. Beginners: Plus500’s platform is great for intermediate to experienced traders. However, beginners might find it challenging due to the lack of educational resources and the complexity of CFD trading. Traders Interested in Diverse Account Types: Plus500 does not offer a variety of trading accounts. This could limit the trading preferences of some users who prefer platforms that provide options such as ECN or STP accounts. Users Needing Advanced Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plus500 platforms. There is also no functionality for back-testing. Traders who rely on these features might find Plus500 lacking. Traders Focusing on Non-CFD Instruments: Plus500 primarily offers CFDs. If a trader is interested in other types of instruments, they might not find what they’re looking for on Plus500. Remember, it’s crucial to consider your individual trading needs and goals before choosing a trading platform. Always conduct thorough research and consider seeking advice from financial advisors.

Does Plus500 CFD Service offer Discounts, Coupons, or Promo Codes?

Plus500, a leading provider of Contracts for Difference (CFDs), does offer various promotional programs and bonuses. However, it’s important to note that these bonuses are not available in all regions. First Deposit Bonus Program Plus500 offers a First Deposit Bonus program. Here’s how it works:. Access the deposit screen. Select a deposit method. Enter the bonus code in the deposit field. The bonus amount will be added to your account once you’ve traded the required number of Trader Points. The bonus amounts vary based on the deposit:. A deposit of £1,000 earns a £150 bonus with 150 required Trader Points (Bonus Code: SILVER). A deposit of £4,000 earns an £800 bonus with 700 required Trader Points (Bonus Code: GOLD). A deposit of £10,000 earns a £1,500 bonus with 1500 required Trader Points (Bonus Code: PLATINUM). A deposit of £40,000 earns an £8,000 bonus with 8000 required Trader Points (Bonus Code: DIAMOND). Promo Codes There are also websites that offer Plus500 promo codes. These codes can provide discounts up to 25%. However, the availability and validity of these codes can vary, so it’s recommended to check the terms and conditions. Please note that trading CFDs involves risk and it’s important to understand these risks before engaging in trading activities. Always check the terms and conditions of any promotional offers and ensure they align with your trading strategies and goals. Remember, investing in the forex market involves risk. Make sure to do your own research and consult with a financial advisor if necessary. Happy trading!.

Which Account Types are offered by Plus500 CFD Service?

Plus500, a leading provider of Contracts for Difference (CFDs), offers two main types of accounts for its users. Real Money Account: This is the standard account type for trading with real funds. The minimum deposit required to open a Real Money Account is $100 USD. Demo Account: Plus500 also offers a demo account, which allows users to practice forex trading in a 100% risk-free environment. The demo account is non-expiry, meaning it can be used indefinitely. In addition to these, Plus500 offers an Islamic Account upon request. This is a swap-free trading option that complies with Islamic law. Plus500 extends swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. It’s important to note that Plus500 is regulated by multiple financial authorities, including CySEC, FCA, MAS, FSA, ASIC, FMA, and FSCA. This ensures a high level of security for its users. The platform also offers a wide range of trading pairs (71 in total) and supports cryptocurrency trading, subject to regulations. Please remember that trading CFDs carries risk and 79% of retail investor accounts lose money when trading CFDs with this provider. Always ensure you understand the risks involved before you start trading.

How to Open a Plus500 CFD Service LIVE Account?

Opening a Plus500 CFD Service LIVE Account involves a series of steps that ensure a secure and efficient trading experience. Here’s a detailed guide:. Step 1: Visit the Plus500 Official Website Start by navigating to the official website of Plus500. This is the first step towards creating your live trading account. Step 2: Click on the “Start Trading” Button On the homepage of the Plus500 website, you will find a “Start Trading” button. Click on this button to initiate the process of opening your live trading account. Step 3: Provide Your Email Address and Choose a Password You will be prompted to provide your email address and choose a password. This information will be used to create your account and ensure its security. Step 4: Log in to Plus500’s Web Trader Once you have provided your email address and chosen a password, you will be automatically logged in to Plus500’s Web Trader. This is the platform where you will conduct your trades. Step 5: Complete Account Verification Before you can start trading, you will need to complete account verification. This is a crucial step that ensures the security of your account and complies with regulatory requirements. Step 6: Make a Deposit The final step in opening your Plus500 CFD Service LIVE Account is to make a deposit. This will fund your account and enable you to start trading. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Open a Plus500 CFD Service DEMO account?

Opening a Plus500 CFD Service DEMO account is a straightforward process that allows you to practice trading in real market conditions without risking any real money. Here’s a step-by-step guide:. Step 1: Navigate to the Plus500 homepage. Look for the option labeled ‘Try Free Demo’ and click on it. Step 2: You’ll be prompted to create an account. Click on ‘Create Account’ and choose your preferred sign-up option. To save time, you can create an account using an existing Google, Facebook, or Apple account. Step 3: That’s it! With just a few clicks, you’ve successfully set up your Plus500 demo account. The Plus500 demo account is a valuable tool for any trader, especially those new to the world of forex trading. It replicates real market conditions as closely as possible, allowing you to practice trading CFDs on commodities, indices, currencies, and shares across some of the most popular trading world instruments. You can use the demo account to build up your confidence, practice and develop your trading strategies, and get used to the concept of leverage. The Plus500 demo account provides plenty of tutorials that will guide investors on how to trade with Plus500. One of the great features of the Plus500 demo account is that you don’t have to open up an actual trading account with Plus500 in order to use the demo, nor do you have to make a minimum deposit. Plus500 has also introduced a button that allows users to switch between two accounts (demo and real) effortlessly. This feature enables you to test your ideas on the demo and switch to the live trading platform when you’re ready. Remember, trading markets are unpredictable, and trading itself has a steep learning curve. So, to avoid losing any real money, we highly recommend getting used to analyzing markets and placing mock trades on the demo before you start trading with real money.

How Are You Protected as a Client at Plus500 CFD Service?

As a client at Plus500 CFD Service, you are protected in several ways:. Client Money Protection: Plus500 ensures that all clients’ funds are protected. They do not use client money for hedging purposes. When you open an account with Plus500, your money is held in a segregated trust account, in accordance with the relevant regulatory requirements. Regulatory Oversight: Plus500 operates through several subsidiaries, each of which is regulated by a different authority. For example, Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission. Plus500AU Pty Ltd holds AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand, and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa. Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority. Plus500SG Pte Ltd holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products. Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority. Secure Trading: Plus500 uses Secure Sockets Layer (SSL) technology to ensure that all data transmitted between the web server and browser remains encrypted. Please note that trading in CFDs carries a high level of risk and may not be suitable for all investors. As with any financial investment, it’s important to understand the risks involved and consider your own risk tolerance before trading. Always remember that past performance is not indicative of future results.

Which Funding methods or Deposit Options are available at Plus500 CFD Service?

Plus500, a leading provider of Contract for Difference (CFD) services, offers a variety of funding methods for the convenience of its users. These deposit options are designed to facilitate easy and secure transactions for traders involved in forex and other financial instruments. Cards - Plus500 accepts both Visa and MasterCard for deposits. This is a quick and convenient method of funding an account, allowing traders to start trading almost immediately. However, there may be further limitations depending on the region. Electronic Wallets - Plus500 also supports electronic wallets such as PayPal and Skrill. These digital wallets offer a secure and efficient way to manage and transfer funds, providing a seamless trading experience. Bank Transfers - Direct bank to bank funds transfer is another method available for deposits. While this method may take longer compared to card payments and electronic wallets, it is a reliable and widely used method of funding. It’s important to note that some of these methods may not be available in certain regions. Traders are advised to check the availability of these deposit options in their respective regions before proceeding. In conclusion, Plus500 provides a range of deposit options to cater to the diverse needs of its traders. Whether it’s through card payments, electronic wallets, or bank transfers, Plus500 ensures a smooth and secure transaction process for its users.

What is the Minimum Deposit Amount at Plus500 CFD Service?

The minimum deposit amount at Plus500 CFD Service varies depending on the method of payment and the currency of the account. For most funding methods such as debit or credit cards and electronic wallets, the minimum deposit is 100 euros. For bank transfers, the minimum deposit is 500 euros. In the context of Australian dollars, the minimum deposit is 200 AUD. For their retail CFD account, Plus500 requires a minimum deposit of $100. It’s important to note that Plus500 does not charge customers for deposits. If a deposit is made by a user in a different currency to the one in which it is started in, Plus500 may pass on commissions and charges that incur in currency conversion. All of Plus500’s subsidiaries are authorised and regulated in their jurisdictions and comply with all the client money rules there. Any funds sent to a customer’s account with Plus500 are classified as client money and therefore given the maximum protection stated by regulatory requirements. Client funds are placed in segregated trust accounts and the company does not use these funds for any investment or business purpose including hedging. Please note that all CFDs carry the risk of losing some, all, or more than all of your capital. Therefore, it’s crucial to consider whether you can afford to take the high risk of losing your money before starting trading with Plus500. I hope this information helps! If you have any more questions, feel free to ask.

Which Withdrawal methods are available at Plus500 CFD Service?

Plus500, a global CFD broker listed on the London Stock Exchange’s Main Market and regulated by many authorities, including the UK’s FCA and CySEC of Cyprus. , offers several withdrawal methods. Bank Transfer: This is a traditional and reliable method of transferring funds. It involves transferring money directly from your bank account to your Plus500 account. Credit/Debit Card (Visa & Mastercard): Plus500 accepts both Visa and Mastercard for withdrawals. This is a convenient method as it allows for direct transfer of funds to your card. e-Wallets (Skrill & PayPal): These are digital wallets that allow for quick and easy transactions. Plus500 supports both Skrill and PayPal for withdrawals. It’s important to note that Plus500 will always attempt to refund the card in the first instance irrespective of the withdrawal method you chose when requesting the refund. Your chosen method acts as a backup in the event that Plus500 is unable to make the refund to the depositing card. The time frame for processing a withdrawal request is normally 1-3 business days, in order to allow Plus500 to complete various security checks before initiating payment. The time frame for receipt of the payment is dependent upon the payment method and processing time of the third party remitter. Please remember, you can only withdraw funds to accounts that are in your name. All withdrawal methods have minimum amount thresholds, which can be found on the withdrawal screen on the trading platform.

Which Fees are charged by Plus500 CFD Service?

Plus500, a popular CFD service provider, charges several types of fees. Here’s a detailed breakdown:. Spread: Plus500 mainly compensates for its services through the spread. This is the difference between the buy and sell price of a financial instrument. Overnight Funding: If you hold a position after a certain time (the “Overnight Funding Time”), an overnight funding amount is either added to or subtracted from your account. The formula used to calculate the daily overnight funding amount of a position is: Trade Size * Position Opening Rate * Point Value * Daily Overnight Funding %. Currency Conversion Fee: Plus500 charges a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The Currency Conversion Fee will currently be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net profit and loss of an open position. Inactivity Fee: If you do not log in to your online trading account for three months or more, a fee of up to USD 10 per month will be levied. Other Fees: On rare occasions, you may incur fees when transferring money to and from your Plus500 account. These are determined and levied by your payment issuer or bank, and not by Plus500. Fees may be added to your account by third parties for incoming/outgoing bank transfers. Please note that this information is subject to change and it’s always a good idea to check the latest on the Plus500 website or contact their customer service for the most accurate information.