Plus500 is an international fintech company, which specialises in online trading services and in particular, contracts for difference (CFDs
Plus500’s vision is to be the number one CFD provider in the global market. In addition, the company wants to “continue as a leader in technology and innovation and attract new and existing clients.”
General Overview Plus
was founded in 2008 with the launch of a PC based online trading platform. By 2011, Plus500 Group had over 2,000,000 monthly trades. In 2013, Plus500 Ltd went public on the AIM section of the London Stock Exchange. In the same year, Plus500 Group introduced the world’s first Bitcoin CFD.
Around 2018, Plus500 Ltd joined the UK’s FTSE 250 index of leading mid-cap listed companies. Two years later, in 2020, Plus500 Group signed sponsorship deals with three major football clubs. These include Swiss Super League champions BSC Young Boys, Polish champions Legia Warsaw and Atalanta B.C.
Secure Online Trading
has strict security measures in place. Customers must verify their accounts for identification and security purposes.
This is in line with Plus500’s customer due diligence process. Customers are also required to provide identification
documents. This provides peace of mind to all users of the platform as there is no way around the verification process. This means that every user of the platform is identifiable. A platform representative states:
Any trading method that is prohibited under the terms of your Agreement, such as scalping, automated inputs and hedging, or that falls under the definition of market abuse, such as insider trading, as well as any prohibited activities, such as abuse of our bonus system, are not permitted on our trading platform.
Plus500 reserves the right to close any account suspected of malicious activity.
Most services offered by Plus500 are free of
charge. However, the transaction fees charged are predetermined. Customers are given transparent information about what they will and will not have to pay for. Users will not be charged for deposits and withdrawals, most payment processing fees are covered and there are no transaction fees.
Additional fees will apply to:
- Overnight funding
- Currency conversion fee
- Guaranteed stop order
- Inactivity fee
Charges may apply when transferring money to and from your Plus500 account. Please note that this is at the discretion of the payment issuer or your bank and is out of Plus500’s control.
Plus500 is compensated for any bid/offer spread.
The trading platform allows customers to trade on price movements of equities, cryptocurrencies, indices, commodities, forex, ETFs and options. In doing so, there is no need to buy or sell the underlying instrument. Plus500’s website reads:
When you open a position, you essentially “pay” a spread. This spread is included in Plus500’s quoted rates and is not an additional fee or commission payable by you above the quoted rates.
How to view the spread for a specific instrument:
- Log in to your account.
- Search for a specific instrument.
- Click the Details icon (i) and scroll down to the Information section.
- Plus500 is one of the top rated CFD trading apps on the Apple App Store and Google Play
- Free withdrawals
- Intuitive withdrawal process
- Low minimum account balance
- Fast account opening process
- Few service fees
- A leader in the CFD sector for mobile innovation and customer satisfaction
offers a wide range of products including equities, cryptocurrencies, options and stock indices.
- Plus500 Ltd is listed on the main market of the London Stock Exchange and is headquartered in Haifa.
- Tight spreads
- No commissions
- Leverage up to 1:30
- Fast and reliable order execution
Plus500 on track to meet its targets
In 2012 Plus500 Group set themselves the goal of becoming the number one CFD trading company in the world. Therefore it’s fair to say that Plus500 is well on its way to achieving this goal. It does this through its wide range of financial instruments, commitment to a secure online trading space, innovative services and low fees. At the moment, it would be difficult to compete with Plus500 for this title.
If you are a day-trader and have an iPhone, you should get on Plus500. The service has a full-featuredIt also offers support for iOS users, including support for iPhones, iPads and even the Apple Watch.
Plus500 mobile provides the usual – a free demo package, commission-free trading and tight spreads. In addition, the app’s interface is seamless and users can conveniently check charts and tables.
All information contained on our website is published in good faith and for general information purposes only. Any action taken by the reader in relation to the information on our website is solely at their own risk.