Is Plus 500 reliable?
Many people wonder if Plus500 is a reliable broker. I have been trading for over a year with Plus500 and in all that time I haven’t had any problems. In this article, we discuss the reliability of this broker, so you can decide if you are going to take the plunge and start trading with them.
Plus500 reliability check
- Plus500 is listed on the London stock exchange.
- Try trading with Plus500 risk-free with a demo
- Plus500UK has a licence with the FCA (#509909)
Plus500 is 100% reliable, according to our research. Do you want to try out the possibilities for free with a demo? Use the button below to open a demo account immediately:72% of retail CFD accounts lose money.
Many people are negative about Plus500 because they don’t understand the program properly. Illustrative prices.
What is Plus500?
Plus500 is an online broker where you can trade in CFD shares, commodities and Forex. With Plus500 you trade using the innovative WebTrader. By using orders you can largely automate your trading activities.
You can trade with Plus500 from just $100. In addition, you can try trading the possibilities risk-free with an unlimited demo of $40,000. By using the demo you can test whether Plus500 is a reliable broker.
Is the reliability of Plus500 guaranteed?
Plus500 is a professional broker. You can ascertain if a broker is reliable by checking if it is registered with a regulatory institution. Plus500 is regulated by the Financial Conduct Authority. The Financial Conduct Authority is the official regulatory institution of England, and it ensures that brokers deal securely with clients’ funds. Plus500UK holds segregated accounts, so you can rest assured that your money is secure.
If you look at reviews of brokers, you will usually find a few negative experiences. Some of these ‘experiences’ are posted by competitors. When a broker wants to defeat the competition, they will sometimes act unethically to try to get ahead. The majority of the negative experiences found on the internet are from unhappy starting traders.
Many people don’t understand the risks of trading and go all-in right away. When they lose their money, they get frustrated and this frustration usually results in lashing out at the broker Plus500. If you are looking for objective reviews, be sure to check professional websites.
How does Plus500 make money?
Many people think it’s suspicious that Plus500 offers a free demo to customers. However, this is not surprising: when you can try out the possibilities for free, you are much more likely to become a customer.
Plus500 does not always charge commissions. This is because they make money from the spread. On each transaction there is a difference between the buy and sell price of a CFD. By charging a small spread they can make a few cents on each traded CFD share.
Where is Plus500 located?
The headquarters of Plus500 can be found in Haifa, a beautiful coastal town in Israel. The company has grown considerably and has offices in London and Sydney. Plus500 also sponsors the well-known football team Atlético Madrid.
It is also nice to know that you can invest in Plus500 shares yourself. In recent years, the shares have performed well. The company has achieved profitable results until 2020.
When you start trading at Plus500, you start your trading activities at a solid and reliable company.
Is your money secure at Plus500?
Plus500 is a secure party where your money is kept according to the rules of the British Financial Markets Authority. All the money you deposit remains 100% yours. Plus500UK will not use this money to speculate on the financial markets itself.
In the worst-case scenario, Plus500UK is even connected to the so-called Financial Services Compensation Scheme or FSCS. In the event of the bankruptcy of a financial institution, they will compensate investors up to 85,000 British pounds.
Plus500 is reliable
Plus500 is a reliable broker and the Financial Conduct Authority makes sure it stays that way. I have been trading with Plus500 for a while, and they always pay you within a few days. Since it always keeps its clients’ money in a separate account, you can be assured that your money is secure. Apart from that, you can try out Plus500 completely risk-free by signing up for a free demo account.
It is important that you find out which broker you feel comfortable with. Look at our overview of the best brokers and open demo accounts with several providers. This way you can try them out completely risk-free!