Remember, your Capital is at Risk
Remember, your Capital is at Risk
In this review of the broker Plus 500 I will try to be as simple as possible. I will try to be impartial, that Plus 500 is the broker that I use to trade with CFD and it is the one advertised on the blog, these circumstances may make it appear only my opinion but I will reveal what I consider that one really good within the broker and what I do not like.
The first thing I like to check in any broker is safety, and Plus 500 would not be less, Plus500 is a regulated company for trading.
Plus500 UK LTD is a branch of Plus500 LTD, based in the UK, and has offices in London. The company is Plus500 UKLTD is authorised and regulated by the Financial Conduct Authority and Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission.
The regulator requires all under their supervision to have separate accounts for their retail customers, this ensures that your money will never be used in the event that Plus 500 was in bankruptcy.
British banks, which here would have the Fogain, which is the FSCS (Financial Services Compensation Scheme) this body protects account holders with up to 85,000 pounds per head.
I think on this side we can be sure of our deposits, at least as safe as you can get.
The Broker Plus 500 is a CFD broker, does not operate with actions. That is one of its drawbacks, though it depends on how you look, because if we want a full broker, it is clear that Plus 500 is not. I have looked good brokers and there is no 100% perfect.
In my account Plus 500 I do not have much money, and that working with leverage I can make significant operations without having excessive funds, that is a big plus in my view.
Now comes the good, being a broker who works only with CFD, the choice of assets is immense. Actions have major exchanges: The IBEX 35, DAX, CAC, USA the most important not only Dow, England, Hong Kong,....
You can speculate on indices, of which you have regulars who have said the actions, but I have some that I have no idea, besides other a bit more exotic but known as the VIX.
Commodities: Coffee, Oil, Gold, Silver, Maiz ....
Currency pairs, Forex. This is where I get because I love currencies. Most have significant levels of apalacamiento and if you can play your cards right (note only those who know the subject) with little dough you take a pinch.
Tools Plus 500 offers
The Broker Plus 500 has its own platform. That's good because it allows you many assets in other platforms like Metatrader, would (I think) unthinkable. On the other hand the platform is very simple.
Sincerely in the platform should improve. It has the basics, you can do studies, but there are details that cry to heaven as we can not score a support or resistance not to pull a trendline.
As a proprietary platform, not as Metatrader, no way to set indicators, you can only choose the ones they provide and their variants.
Despite this platform is very simple to understand. Personally not use, that's why I have the ProRealTime, or if I want to download Metatrader forex or for some assets, have plenty of places where you can do it without any cost.
You can open a Demo account with Plus 500 and learn to operate them:
Take Care that Plus500 is only suitable for experienced traders and not for beginners/novice. If you want to bring the Broker Plus 500, but without putting a lot of money, but tinker a bit and see how the platform works, Plus 500 has a bonus of 25 €, only to verify your cell phone. I can guarantee they do not call you at all, to me at least they have not done, you just send a text message.