Plus500 Review

Ranking

#6

Minimum Deposit:

$100

Max Leverage:

1:300

Phone : +001 25464

Overview

XM.com is located in Limassol, Cyprus and is always at the top of variousranking. They were found in 2009 and have grown into a global industrialgiant with more than 3.5 million customers.

Account Types

Micro accounts: are a perfect for beginner traders, who doesn’t want to risk a lot of money. It has minimal deposit of 5$ and 100 Lot restricted contract size, with 1 Lot being 1,000. This account type is also commission free and costs are only the spreads.

Trading Platform

XM.com does not have their own trading platform; instead, they use Meta-Trader. On the one hand, MT4 and MT5 are the most popular platforms in the world, on the other – an outdated design and the absenceof price warnings. However, the intuitive interface and access to programming make Meta-Trader very popular.

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  • Max levarge – 1:300
  • Minimum deposit – $100
  • Spreads From – Spreads From – 0.45 PIPS

Overview:

Plus500 was found in 2008 in Israel and now they are a UK based company with its HQ located in London. The company is regulated to offer CFDs by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500UK ltd is one of the leaders between financial service providers and offers a range of over 2,000 tradable instruments. They are also a subsidiary of Plus500 Ltd, which is listed on the London Stock Exchange’s. That is why the company is considered to be safe

Account Types:

Plus500 has only one account type with $100 minimum deposit for debit/credit cards and electronic wallets, and $500 for bank transfers. There is an inactivity fee of $10 per month if the trading account is not used for 3 months.

Trading Platform:

Plus500 provides their own custom platform. It has very professional design and very easy to navigate. However, there is no desktop versions. There is also mobile application available for download.

Deposit & Withdraws:

Many options to deposit and withdraw funds including Bank transfer credit and debit card, Skrill and PayPal Withdrawal is free for the first five withdrawals each month. After that, there is a $10 fee per withdrawal. Minimal withdraw amount is $50 for PayPal and $100 for bank transfer or credit/debit cards. By withdrawing less, a $10 charge will be applied.

Markets:

Plus500 is a forex and CFDs broker and provide variety of products. Indices CDFs from different countries and sectors; large amount of currency pairs; Commodities CFDs to trade energy, agriculture and metals products; cryptocurrencies and Shares CFDs.

Customer Support:

Pluss500 provides exceptional 24/7 customer support in all jurisdictions in which they operate. They are available via chat and email. The disadvantage is that there is no phone support.

Safety:

Plus500 is listed on the London Stock Exchange and is also regulated by top-tier financial authorities all over the world, such as CySEC in Cyprus; FSCA, FMA, ASIC in Australia; FCA in United Kingdom and MAS in Singapore. In UK and EEA countries customers’ funds are also protected with investor protection authorities. In unlike case of solvency, Plus500 customers can receive €20,000 if they are located in EEA countries or £85,000 if in UK. Plus500 provides negative balance protection for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.

Final Thoughts:

Plus500 is a good broker, who is regulated by top-tier financial authorities all over the world and is listed on the London Stock Exchange They have an excellent customer support with competent and prompt answers. They have their own custom trading platform, which is very user friendly, easy and comfortable to use.