Plus500 Review
4.9
Unveiling a Cutting-Edge Trading Experience
Plus500 emerges as a promising choice for traders looking for a dynamic and user-friendly platform. It caters to both beginners and experienced traders, offering an array of account types and instruments. One notable advantage for beginners is the access to an unlimited demo account, allowing them to initiate their trading experience with Plus500 without any financial risk.
Trust and Safety
Providing a Secure Trading Environment
While choosing a multi-asset broker, it is paramount to consider trust and safety measures. Plus500 takes several measures to ensure a secure trading environment for its clients. Its key features include:
Regulation: Plus500 is a regulated broker, significantly indicating its commitment to transparency and accountability. It is authorized and regulated by reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) – (#250/14) and the Financial Conduct Authority (FCA) – (FRN 509909) in the UK. In addition, Plus500AU Pty Ltd (ACN 153301681) is licenced by the the Australian Securities and Investments Commission ASIC – (AFSL #417727), the Financial Markets Authority (FMA) in New Zealand – (FSP #486026), and the Financial Services Provider (FSP) in South Africa – (#47546). It’s important to note that you do not possess any ownership or rights to the underlying assets. Furthermore, it’s important to determine whether you fit within Plus500’s Target Market Distribution. Kindly consult the Disclosure documents provided on the website for further information.
Client Fund Security: Plus500 highly prioritizes the security of client funds. Those deposited with Plus500’s Cyprus subsidiary are held in segregated client bank accounts, ensuring that client funds are kept separate from the broker’s operational funds, reducing the risk of misappropriation.
Financial Transparency: Plus500 is a publicly listed company on the London Stock Exchange (LSE), bolstering the broker’s transparency and accountability. It is a constituent of the FTSE 250 Index, and is subject to public scrutiny, adding a further layer of financial stability and transparency.
Prevention of Fraud: Plus500 employs stringent measures to prevent fraudulent activities on its platform, employing advanced security protocols, anti-money laundering (AML) procedures, and Know Your Customer (KYC) verification processes to ensure traders’ legitimacy.
Risk Management: Plus500 provides risk management tools for traders to manage their exposure effectively. Traders can set stop-loss and take-profit levels in order to control potential losses and secure profits.
