* 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
*72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 Review: Is Plus500 a good broker? Or is it a scam?
Online Trading has been very popular nowadays, seeing advertisements over social websites by online brokers flashing how to make money and friends at the office talking about their experiences of making $500.00 in just one trade over the whole day. Of course, I read about the high risks of losing money too. Being curious, I tried reading a lot about trading, and then got interested, eventually. But I have asked people online, based on reviews and experiences, about the factors to consider before opening a trading account. And one important factor they keep on mentioning, especially at most Plus500 Review is “one of the best online broker and trading platform”.
Being a very diligent person and conducts research about things, I compared online brokers and their platforms. Where in this Plus500 Review I found Plus500 and my experience of it, which offers one of the BEST CFDTrading Platform there is. Trading CFD’s for Stocks, Forex, Bitcoins, and many more. But what makes me open an account with Plus500, is it’s authorised and regulated by the Financial Conduct Authority, which makes me feel at ease. Before, I try to imagine what it is like to trade, and the risk taker in me opened an account and then trade Oil Futures, Trading the Pound vs the Dollar, and many more at the comfort of my home.
As I was looking for my broker then, I’ve been trying demo accounts and learning how to trade from it, and I don’t want my wife to scold me for losing money. In this Plus500 Review, we discover Plus500 special features, to my surprise Plus500 doesn’t charge any commisions and they have a very low spread. And there I realized that Plus500 has one of the Lowest Spread in the industry by comparing it with other service and platform providers. So I think that is a pretty good deal.
Having valued much of my savings and pay check, I see to it that I get the best value there is for my hard-earned cash. I was also amazed on how low you can open an account with Plus500, where they don’t require big deposit, which favors me since I don’t want to lose most of my money in a single trade. By the way, in this Plus500 Review, we will discuss how the financial transaction works. Trading with practice money was fun, but going in with real money really gave me a kick and thought me the most. I was able to use small cash for big trades. By the way, I am a very defensive investor. So, with Competitive Rates and Low Spread I get the most effective trades which is good for me, low cash investment for trade with a potential for higher returns.
Plus500 Platform experience
As I was operating my platform, one important key that I really like about Plus500 is the simplicity of the trading platform. Here in Plus500 Review, the design is classic and it is easy to navigate. For me, the real deal here is the accessibility of the Stop Loss, Trailing Stop orders, Buy and Sell Limit Orders. It is important to me that it is easy to locate, especially when the market becomes volatile and I want to exit my trading position. Overall, it is very good to use, and I can seamlessly execute my trading plan plotting my risk management levels quickly.
As mentioned earlier in this Plus500 Review, what makes me open an account with Plus500, is it is authorised and regulated by the Financial Conduct Authority. It is important to me that it is regulated that this is not one of the practices where client’s money are being scammed.
Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any right to the underlying assets. Please consider our Disclosure documents available on the Plus500 website.
Funding your account is easy. You can fund your account by using Visa, iDeal, and MasterCard credit cards that makes it more accessible and fast. By navigating to Plus500 cashier screen and then fill out credit card details. After, one can expect to begin trading immediately.
In addition, funding through Moneybookers, which direct clients to go first to the Funds Management window of the trading platform, and then selecting Moneybookers Option. Further, enter Moneybookers e-mail address, and an information will appear where the Moneybooker transfer can be confirmed. Due to financial security, Plus500 adhere to banking transactions processed within three working days.
Deposits through bank, are good and easy way to finance your trading account. In this Plus500 Review we experience that process on deposits through wire transfer takes up to three banking days before credited to a live account. Clients will receive an email first from Plus500.com about the details for wiring funds to their account, which includes the minimum and maximum deposit allowed.
Withdrawals
Withdrawals is also straightforward. Just go to your funds management and follow the instructions there. To test the withdrawal time. I withdrew my money from my Plus500 trading account to my Skrill account. As you can see in the screenshots below, it only took a few days.
As an authorised and regulated institution by the reputable Financial Conduct Authority, Plus500 UK Ltd. requires that traders and clients to present an official photo ID before being allowed to make a withdrawal. Identification Cards must be current passport, driver’s license, or other official document that validates identity. In this Plus500 Review the only thing that I had to do was scanning my documents and mail it to them. You can do this via e-mail or by uploading PDF, JPEG or Doc files with the upload function provided on Plus500.com trading platform. As part of the Plus500’s due diligence, files are to be reviewed within 24 hours.
The Plus500 Review helps Traders and Individuals aspiring to trade an insight in getting an ideal broker and platform. If they focus on the technicalities, instruments, service, fees, and a lot more are also important to consider in choosing the broker and platform that best suits one’s condition. And there I realized that low-cost spreads and no brokerage fees is a great advantage. That is why I opened an account, and continuously patronizing Plus500 because of its great job.
What about you? Is Plus500 something for you? Click here to open a demo account and try it out for free.
*72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 reviews of users
17website replies
Sandra says:
This plus500 review is a great one. I can totally relate to it
I have been using Plus500 for over 3 years now, it is easy to learn and trustable. They used to take a week before your money withdraw comes in, but after the FCA happening, they changed it and now when I withdraw money I receive it the next day in my bank account. This is very fast. I am very satisfied. Plus500 broker is also one of the few where you can trade 1:20 for a lot of stocks. I haven’t found any other broker like this one. Plus500 is definitely recommended.
Tips that I can give other traders: Start small and slowly turn your profits larger. Just be sure to not trade without any knowledge, please do spend a few hours reading about money management. That is all you need though.
Thanks for this well written Plus500 review. I have open a demo account a few weeks ago. Tom mentioned the platform of Plus500 is very basic and I have to agree with him. But I like it this way very simplistic and gives an easy overview. So far my experience with Plus500 is good. Still practising on my trading skills
I have been using Plus500 for a couple of years already. I am quite satisfied. Their support used to be slow, but a couple of weeks ago they implemented chat support which made the difference. It’s an easy platform to use, especially for beginners. The leverage is good and the costs are low, which makes this a good broker. I like it, if anyone ever need any help. Feel free to comment on this.
I withdrew money on the 3rd March 2016, it is now the 18th March 2016 and I am still waiting, they will tell you to contact plus500 customer service, but I can tell you that is pointless, they work off a script and they do not respond in any sensible time, 1 week and I am still waiting for them to tell me what has happened to my money. I have another big withdrawal from the 15th March 2016 but I doubt I will see that money either, just a bunch of thieves with pretend customer service, better to get in contact with the financial regulation service according to what people who work from other CFD and Forex companies, they are well known for not paying. they took my money within seconds of depositing it but refuse to give what I earned. nothing but thieves, I am completely approved and verified so there is no reason to not deposit my funds into my bank account.
Hey Keiron, I am sorry that you are having such an experience. I’ve been trading with Plus500 for over 3 years and I have never had any trouble withdrawing money. If you could send us your account e-mail address to info@101trading.co.uk, we could try and help contact Plus500 for you.
I’ve been reading across the Internet – this does seem dodgy. Why would a legit company allow their name to be dragged into the sewer. You would do anything to protect your business name. Too many bad comments across the board to allow me to get involved
My apology for the late reply. Internet is a free space where people can post their thoughts and their experience. Sometimes companies do abuse the free speech of internet to give competitors a bad name. But if you plus500 facebook page you will see how they handle with the complaints of their customer.
Thanks for this great review. I have open a account for a few weeks now. No problem so far withdrawing money. The support has been great. Plus500 has 24/7 live support now.
This is a good Plus500 review. I have been use plus500 broker for almost a year I think. Their customer service was bad in the beginning but has improved a lot this year. I am very happy about that. They have got a 24/7 customer live support. So i am very please with this development. Also many thanks to the admins of this website. They helped me alot with questions and problems.
Thanks for this amazing plus500 review. And good to see in the comment section that this website 101trading.co.uk are giving support. I have just open an account. So far so good.
They kept on calling me asking me to invest, after a while of thinking I came to a conclusion that I was going tomato honest Money by Binary option so I invested with Binary Uno, I made nice profits as promised, then the time for the Free Bonus Bet came and I also made profits on, Then they started telling me of how I need to increase my investment to X30 including my profit, well I fell for that not until I needed some money and felt the fastest and easiest way to get it is by withdrawing from my trading account, from this moment they started coming up with flimsy excuses. It took me 4-6months to finally accept that it was a scam, my bank said chargeback won’t get anything back so I had just lost most of my retirement to these suckers, after a while of researching online and always commenting on things like I am saying now, I saw someone recommend Calgary security . Org I was desperate and depressed so I gave it a try, here I am today happy with most of my money invested back to me. Im not greedy, I don’t need all back, I just feel waaayy better even if I got about 70% back. Don’t go near Binary Uno, they will not only scam you but also make you suicidal if you’re not strong.
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This plus500 review is a great one. I can totally relate to it
I have been using Plus500 for over 3 years now, it is easy to learn and trustable. They used to take a week before your money withdraw comes in, but after the FCA happening, they changed it and now when I withdraw money I receive it the next day in my bank account. This is very fast. I am very satisfied. Plus500 broker is also one of the few where you can trade 1:20 for a lot of stocks. I haven’t found any other broker like this one. Plus500 is definitely recommended.
Tips that I can give other traders: Start small and slowly turn your profits larger. Just be sure to not trade without any knowledge, please do spend a few hours reading about money management. That is all you need though.
Thanks for this great Plus500 review. I have just open account. I am amazed of how simple it was .
Thanks for this informative review! Are there any conditions for withdrawing money over 1k?
No there isn’t.
They’re ok but there are no drawing tools and the platform is very basic.
Thanks for this well written Plus500 review. I have open a demo account a few weeks ago. Tom mentioned the platform of Plus500 is very basic and I have to agree with him. But I like it this way very simplistic and gives an easy overview. So far my experience with Plus500 is good. Still practising on my trading skills
I have been using Plus500 for a couple of years already. I am quite satisfied. Their support used to be slow, but a couple of weeks ago they implemented chat support which made the difference. It’s an easy platform to use, especially for beginners. The leverage is good and the costs are low, which makes this a good broker. I like it, if anyone ever need any help. Feel free to comment on this.
I withdrew money on the 3rd March 2016, it is now the 18th March 2016 and I am still waiting, they will tell you to contact plus500 customer service, but I can tell you that is pointless, they work off a script and they do not respond in any sensible time, 1 week and I am still waiting for them to tell me what has happened to my money. I have another big withdrawal from the 15th March 2016 but I doubt I will see that money either, just a bunch of thieves with pretend customer service, better to get in contact with the financial regulation service according to what people who work from other CFD and Forex companies, they are well known for not paying. they took my money within seconds of depositing it but refuse to give what I earned. nothing but thieves, I am completely approved and verified so there is no reason to not deposit my funds into my bank account.
How did you withdrew the money?
Hey Keiron, I am sorry that you are having such an experience. I’ve been trading with Plus500 for over 3 years and I have never had any trouble withdrawing money. If you could send us your account e-mail address to info@101trading.co.uk, we could try and help contact Plus500 for you.
I’ve been reading across the Internet – this does seem dodgy. Why would a legit company allow their name to be dragged into the sewer. You would do anything to protect your business name. Too many bad comments across the board to allow me to get involved
My apology for the late reply. Internet is a free space where people can post their thoughts and their experience. Sometimes companies do abuse the free speech of internet to give competitors a bad name. But if you plus500 facebook page you will see how they handle with the complaints of their customer.
Thanks for this great review. I have open a account for a few weeks now. No problem so far withdrawing money. The support has been great. Plus500 has 24/7 live support now.
This is a good Plus500 review. I have been use plus500 broker for almost a year I think. Their customer service was bad in the beginning but has improved a lot this year. I am very happy about that. They have got a 24/7 customer live support. So i am very please with this development. Also many thanks to the admins of this website. They helped me alot with questions and problems.
Hi guys,
Thanks for this amazing plus500 review. And good to see in the comment section that this website 101trading.co.uk are giving support. I have just open an account. So far so good.
They kept on calling me asking me to invest, after a while of thinking I came to a conclusion that I was going tomato honest Money by Binary option so I invested with Binary Uno, I made nice profits as promised, then the time for the Free Bonus Bet came and I also made profits on, Then they started telling me of how I need to increase my investment to X30 including my profit, well I fell for that not until I needed some money and felt the fastest and easiest way to get it is by withdrawing from my trading account, from this moment they started coming up with flimsy excuses. It took me 4-6months to finally accept that it was a scam, my bank said chargeback won’t get anything back so I had just lost most of my retirement to these suckers, after a while of researching online and always commenting on things like I am saying now, I saw someone recommend Calgary security . Org I was desperate and depressed so I gave it a try, here I am today happy with most of my money invested back to me. Im not greedy, I don’t need all back, I just feel waaayy better even if I got about 70% back. Don’t go near Binary Uno, they will not only scam you but also make you suicidal if you’re not strong.
Thank you for warning us about Binary Uno. Plus500 isn’t like this. You trade and withdraw any time you want at Plus500 broker.