Plus500 was founded in the year 2008. Over the years it has accomplished several significant milestones. Plus500 Company launched its online trading network based on a PC in the same years as its establishment. In 2009 the Plus500 Group sold CFDs without securities commissions.
In 2010, it launched the web-based version of its trading site, which allowed the possibility to trade electronically with others using Windows, Mac, or smartphones. It was also the year Plus500 added ETFs Plus500 was founded in the year 2008. Over the years it has accomplished several significant milestones. Plus500 Company launched its online trading network based on a PC in the same years as its establishment. In 2009 the Plus500 Group sold CFDs without securities commissions.
In 2010, it launched the web-based version of its trading site, which allowed the possibility to trade electronically with others using Windows, Mac, or smartphones. It was also the year Plus500 added ETFs into the trading companies register. In 2011, the Plus500 achieved more than 2 million transactions every single month.
Last year saw the arrival of the very first iPad and iPhone device to provide complete on-the-go connectivity for consumers. It had been followed by Plus500 becoming the highest-rated CFD trading tool in the Apple App Store. Plus500 has expanded its overseas holdings, of more than 1,000 individual global stocks, in 2011.
The Android and tablet platform for the Plus500 Group released in 2012, which is also the year Plus500 Group set out to become the biggest CFD trading company in the world. In 2013, the Plus500 Party went public in London Stock Exchange’s Aim division. This is also why Plus500 made history by introducing the first Bitcoin CFD in the world.
On 26 February 2014, the Plus500 Ltd share valuation on the London Stock Exchange’s Target page hit USD 1 billion. This year alone saw the introduction of the Plus500 Promised Stop operation. Plus500 was an affiliate of the Atletico de Madrid football squad of Spanish champions in 2015. The deals this year included a mobile application for Windows OS.
In 2017, Plus500 Group made a sponsorship contract with the 2017 Super Rugby Australian Conference Winners, the “Plus500 Brumbies.” So far in 2018, Plus500 Ltd has its ordinary securities approved for sale on the Main Board for Public Firms of the London Stock Exchange and entered the UK FTSE 250 index for leading emerging mid-caps.
Where Can You Use Plus500?
Over 50 nations offer Plus500. Besides, the use of the stage above 30 unique dialects is conceivable, allowing customers to exchange and learn in their local language. Plus500 consumers have the responsibility to disclose and pay fees as set out in their local legislation. Additionally, certain nations require Plus500 to retain charge at the source.
Plus500 is the market leader in the provision of differential contracts (CFDs) and trading facilities for Cryptocurrency, forex, bonds, ETFs, commodities, indices, and options. All trading securities at Plus500 are incentivized. The trading platform comes from Plus500UK Ltd, and the company takes several steps to protect customer funds and maintain smooth user experience. At present, Plus500 has more than 2,000 instruments in its portfolio.
Plus500UK Ltd is located in the UK and has offices in London at 78 Cornhill, EC3V 3QQ.
- The Financial Conduct Authority (FCA) authorizes and controls the sale of CFDs with FRN 509909 by Plus500UK Ltd.
- Plus500UK Limited (with business number 07024970) is licensed in Wales and England.
- Plus500UK Ltd itself is a division of Plus500 Ltd and is listed on the London Stock Exchange’s Main Market for Private Firms and is headquartered in Haifa.
The Plus500 is governed internationally by other agencies.
- Plus500CY Ltd with license number 250/14 is governed and approved by the Cyprus Securities and Exchange Commission.
- Plus500AU Pty Ltd has AFSL # 417727 issued by the Securities and Investments Commission of Australia.
- The Singapore Monetary Authority issued a capital market services license to Plus500SG Pte Ltd (with UEN 201422211Z) allowing it to trade in leveraged foreign exchange markets and shares under the license number CMS100648-1.
- Plus500SG Pte Ltd also holds a Product Broker’s license from Enterprise Singapore with license number PLUS / CBL/2018.
- Plus500IL Ltd runs its trading site and is listed in Israel.
Through dealing through a controlled business, such as Plus500, consumers realize they are operating inside a regulated market with a credible and secure network. Stringent laws and guidelines also cover consumers.
Goals of Plus500
Plus500 aims to increase the standard of trade for participating consumers by concentrating on offering the best-in-class user experience, innovation, and a variety of offers. Focusing on creativity always helps Plus500 operate against the goal. Plus500 further seeks to increase its market share in developed jurisdictions and expand its offerings to new jurisdictions. The focus in this regard is on the acquisition of new consumers inside regulated markets, particularly Western Europe. Plus500’s key purpose is to be a leader in innovation and development and imagination, both of which have been the priorities of the organization since its inception.
Eventually, the broker has to further develop its operating model to boost financial performance. New geographies will be entered without needing to be physically present within those markets, thanks to the proprietary Plus500 network. It means Plus500 will not need to spend so much in increasing its geographic reach.
What Instruments Can You Trade on Plus500?
Plus500 invests in the forex and CFD sector for indices, stocks, commodities, shares, options, and ETFs. More than 2000 trading items are eligible, in particular from Plus500. A full list of the trading instruments is available on the key navigation panel via the Trading Instruments icon on its website.
At the time of publishing the table included 27 indices, 65 forex pairs, 20 utilities, 10 cryptocurrency pairs, and 81 ETFs. Options are divided into popular choices plus 23 other classes like Germany 30, Alphabet, and USA 500. Shares are split into common shares as well as those from 21 nations.
Those with a keen interest in cryptocurrencies will be curious to hear that the supported cryptocurrencies pairs on Plus500 feature ETH / BTC / USD, BCH / USD, LTC / USD, ETH / USD, NEO / USD, IOT / USD, XMR / USD, XRP / USD, and EOS / USD. Also, pair financing is accessible and involves Bitcoin, Ethereum, Bitcoin Gold, Litecoin, NEO, Ripple, IOTA, Monero, and EOS.
You’ll learn more about each instrument on the Plus500 website while on the device, by switching to the Details tab for a particular instrument. Bear in mind that the details will differ. That is where you can find items like the overall volume of exchange on a particular deal, its working hours, its efficiency, and margin requirements.
How Do You Trade with Plus500?
To open a spot on Plus500 go to the Exchange tab on the website. Choose your favorite piece, then hit Buy / Sell. This opens a popup box that shows the position of the computer. You’ll see below the price or prices, so pick the currency rate. This, too, is where you can see the importance of the role and the margin needed to unlock your contract. You may set Stop Order to Risk Management here. Prices are updated constantly based on industry conditions until clicking the Buy / Sell button.
To generate a Trailing Stop request, go to the Position tab of the Plus500 website. Then press From there on to Advanced. You’ll see a Trailing Stop Tab. Tick it then set the stop condition to allow your chosen pips. Plus500 provides four types of Stop Orders, including Trailing Stop Orders, Fixed Stop Orders, Avoid Loss Orders, and Free Benefit Orders.
To close a place, go to the Open Positions tab, or go to the main screen. Simply choose Close Place from here. It will give you a window tab, which may allow confirmation or cancelation of the request. Conversely, this popup box can be used to partially close a location. If you can’t close a position, confirm it is currently within the trading hours for the stated instrument. Instruments may also be temporarily unavailable for trading when the demand stream is disrupted by a business accident. These accidents may entail significant confusion, underlying market suspension, or illiquidity, among others.
What Else Should You Know About Trading with Plus500?
Traders should note that the Plus500 User Agreement forbids certain trade activities, including hedging, an online data entry system, and scalping or bribery which is considered to be insider selling or other sorts of market abuse. Plus500 can terminate transfers, and if you indulge in fraudulent activities, lock your wallet.
It is also important to note that, in your investments, you cannot invest more capital than you have. Plus500 provides a Margin Call to avoid this problem. Benefit Calls arise when Plus500 excludes one or more of the open areas when the equity falls below the level of investment income.
You will prevent this from occurring by monitoring the accounts and continuously ensuring you have enough funds. If your account equity meets the valuation of the maintenance margin you might also be searching for upgrades to help mitigate this issue.
Margin Trading on Plus500
Trades on Plus500 are conducted with margins and traders need to consider margin figures. Keep in mind that for each financial instrument, the margin requirements vary for both the initial and the margin level for maintenance. Plus500 offers simple guidance for such calculations in its FAQ section. The initial benefit is the starting-place price times the exchange rate and the percentage of the initial income. The maintenance margin is the price of opening position times the amount of maintenance margin to the trade period rate.
Plus500 Demo Accounts
Plus500 offers a risk-free sample tool to use because you can’t spend any time doing it. Demo accounts are free, and you can pick the kind of account during registration. When the “Select Account Mode” function tells you to pick “Prototype Mode.” The only discrepancy you’ll note between a regular bank and a prototype account is that the demo account doesn’t work with real money. Everything else is identical, from the corporate climate to configuring a network.
To help you get a feel for the CFDs and forex platform and trading, Plus500 will reinstate the original amounts in your trial account automatically if the balance dropped below EUR 200 or equivalent to it. The trial account also has no time limit, a feature that distinguishes Plus500 from other rivals. You’ll be happily moving between the setup and actual money accounts. It lets you improve your skills on more complicated trades or strategies in the test account, thus investing real money on the main account. The option to switch between types of account exists in the website’s app interface or main page.
Plus500 Account Types
Plus500 states that consumers only have a single trading account, so the company maintains the ability to close all freshly established accounts. This will therefore independently check each scenario. Where Plus500 pays for an extra trading account, customers are unable to transfer funds from the affected accounts and have to operate independently. Note, you’ll just find customer trading accounts of Plus500 because there are no industrial or company accounts.
Plus500 Account Verification
Plus500 consumers have to verify their accounts and identification and encryption are feasible. Which includes name identity, home address, birth date, email address, phone number and payment form. Go to the Profile tab to search your phone number and press the “Search Address” icon. Next to “Check your address,” pick “Test,” type your phone number without your country code and then press “Call my mobile” or “Send me an SMS.” Your phone will have a three-digit code that you can enter on your profile page. You may need documentation to verify your Plus500 account for both identity evidence, address evidence and funding source test. Evidence of identity comes from a government-issued ID that contains an identity code, a photograph, the full name, date of birth and date of expiry. Your Evidence of Identification must contain your full name and password. A delivery organization, financial agency, administrative authority, or department of government may have this. The options include cable subscriptions, phone payments, telephone phones, tax notices, petrol or water bills, electricity charges, bank balances, credit card statements and tax charters.
Go to your account tab to view the documents and pick “Verify Password” or “Download Data,” which can also be done with the mobile. If you need to adjust the account details in the future at any point, please contact Plus500 to do so. Notice what specifics need to be changed when you do so, and the modification description. Plus500 will review your request and will let you know when further paperwork is required.
Plus500 Payment Methods
Depending on the type of payment you choose with Plus500, further documentation has to be given to ensure if the form of payment in question is in your name. You might need to attach a duplicate or photo of your visa, bank receipt, or credit card statement to your account while making your deposit by credit or debit card. In the case of money transfer, you can need to add a snapshot or backup of the payment evidence or a bank statement. For Skrill and PayPal, Plus500 undertakes online verification within a few business days, or immediately.
Under certain cases, Plus500 will cover the expenses involved with the settlement of the bank fee. There are rare occasions when you may incur a fee involving transferring money to or from your Plus500 account, but it isn’t Plus500; it’s your bank or payment issuer.
In the case of incoming or outgoing money transfers and in the case of forex swaps where you transfer a currency that does not support the preferred payment type, both situations include when using an international credit card where the charge is managed by a multinational acquirer. If you surpass the permissible monthly withdrawals, otherwise you would be the only deposit fees that Plus500 will charge for you.
No promotions or fees come with all of Plus500’s products. Withdrawals, real-time forex quotes, CFD prices for live selling, opening or closing instructions, rotating positions, or detailed maps and graphs are included in null Plus500 payments. The company is now deriving its revenues from the bid and challenging spreads. You can access the Plus500 spreads yourself by logging in to your account, looking for the instrument you are interested in, and clicking on the I which is the icon for details. From there, navigate to the Information tab to see the delivery. In certain situations, there may even be a few additional Plus500 fees, each dependent on the trading process. There are instant transfers, with the amount being subtracted or added to the account because you have a position to perform for a specific period. If you’d prefer to use a guaranteed stop order to minimize costs, you’d be promised to close a position at the time listed. Besides, the range is larger than for a normal order.
Plus500 offers, as a broker anticipates, an economic calendar on its website. You can display a small range of data yesterday, today, tomorrow, this week or you pick one.
Dow Jones originates from the economic calendar info. For through incident, you will see the time, country/currency influence, event definition, related instruments and percentages of the present, expected, and pending incidents. Even, at the top of the economic cycle, you should transform the dream into a corporate relations policy. It will send you the date and day of the event, as well as the name and sum of parts of the money, charge, and dividend.
Risk Management Tools
Since CFDs and forex trading requires a substantial degree of risk, Plus500 provides a range of tools to help mitigate the danger.
The first one is the right to position a Near order at Benefit (Limit) or Near at Losing (Stop Losing). These limits may be established when new positions are formed or existing ones modified. This risk reduction approach allows you to establish a threshold at which point, respectively, you may automatically close your position, maintain your profit or minimize your loss for Gain and Close at Loss orders. Bear in mind that this kind of order does not guarantee that the position remains exactly at the price point you set. Slippage may arise if the stock price unexpectedly increases or falls, resulting in the position being closed on the next possible day. This feature of risk management is safe, and holds sales locked while reducing costs.
Guaranteed stops are similar, but put the potential loss an utter limit. Even in cases when the instrument price drastically moves against you, the place automatically closes at the price you mentioned and would never have slippage. Some players don’t require promised stoppages. If so, you will see a Guaranteed Stop checkbox after pressing “Delete at Loss.” You cannot add a Guaranteed Stop on a current order; rather, you will mark it on a new pending / location request. It can also be deactivated or changed only when the required instrument is eligible for trading. There’s no way to eliminate a successful request for Guaranteed Stop, which can be accessed with a request for Close a Failure. Guaranteed stops come with an extra scatter charge, which is not refundable but is stated before placing the order. To effectively place the order the predetermined stop point must be a predetermined distance from the product’s current sale price. And if the range for a Guaranteed Stop is lower it will restrict the risk and let you know in advance about the possible failure.
Plus500 is a licensed dealer with offices in London and with over 2,000 tradable instruments. You can share via your web browser, or via the Plus500 mobile app. This dealer specializes in what forex CFDs, which markets options, indices, capital, forex, shares, futures, and ETFs. The software is well-designed and simple to use and offers 24/7 customer support.
It should be noted that for beginners, particularly when using the leverage, CFD trading is nothing. You will have a strong information base on how the markets work and do thorough research right up to the launch. We recommend you take advantage of the free account that will give you $40,000 in-game money to try out the software first.