Plus500 Review

plus500-logo-1-300x146 Plus500 Review by WikiCrypto

Review Summary

Plus500 is ranked #1 in our 2017 comparison chart of bitcoin and cryptocurrencies trading platforms. They offer a large range of leading cryptocurrencies, comprehensive trading tools, tutorials and a great customer support. Look no further if you are interested in investing in bitcoins and cryptocurrencies online as their platform is very intuitive and you can even start off with a free demo account.

Plus500 is a CFD Service, your capital is at risk.

Plus500

plus500-logo-wikicrypto-s-150x150 Plus500 Review by WikiCrypto
9.72

Safety

10/10

    Speed

    9/10

      Cryptocurrencies

      10/10

        Withdrawal Methods

        10/10

          Customer Support

          10/10

            Pros

            • Our favorite trading platform on the market
            • Unlimited free demo accounts
            • Offers risk-management tools that help you to mitigate any risks associated with CFD trading

            Cons

            • Not available in the U.S

            Plus500 is a CFD Service, your capital is at risk.

             

            Quick Facts about Plus500

            Exchange Plus500
            Website www.plus500.com
            Created in 2008
            Location Israel
            Customer Service 24/7 – Email, Online Chat
            Languages 32 Languages available
            Technology Plus500
            Minimum Deposit $100
            Free Demo Account Open a free demo account
            Regulated green-bullet Plus500 Review by WikiCrypto Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909)
            Active Users 200,000+ Users
            Withdrawal Methods Visa, Mastercard, Amex, Wire Transfer, Paypal
            Deposit Methods Visa, Mastercard, Amex, Wire Transfer, Paypal
            ID Verification green-bullet Plus500 Review by WikiCrypto
            Coins Available Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), DASH, NEM, all Stocks, Commodities and Foreign Exchanges
            CFD Trading green-bullet Plus500 Review by WikiCrypto
            U.S. Clients  No
            Mobile App green-bullet Plus500 Review by WikiCrypto
            Tablet App green-bullet Plus500 Review by WikiCrypto
            WikiCrypto Score 9.7/10


            Full Review

            Plus500 is our favorite CFD platform for trading Bitcoins and cryptocurrencies. CFDs (Contracts For Difference), simply allow you to speculate on the future variation in price of any financial instrument, such as Bitcoin or Ethereum, regardless of whether current prices are rising or falling.

            How does CFD trading work? Let’s say that if you believe that the value of Bitcoin (BTC) will rise, you would simply buy 1000 share CFDs. Now, if the price of Bitcoin increases over the spread, you will make a proportional profit.

            The simplicity of the platform allows for all users to trade CFDs, because unlike most websites for CFD training, Plus500 does not have a strong sales team who influence your trades, the users have full freedom. Lastly, you can easily open a free demo account online.

             

             

            Features

            The Plus500 website offers several features that set it apart from the rest. Firstly, the risk-management tools that are offered to each user are a great way to minimize your risks, although your capital is at risk. These tools allow you to minimize your loss when for example you speculate that Bitcoin prices will rise, and it eventually plummets, the program will automatically change your position when the price drops to a specific level.

            The platform currently enables you to invest in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), DASH and NEM. This is quite a large range of leading crypto currencies compared to all other CFD trading platforms.

            The greatest feature by far on Plus500 is that it displays most of the world’s financial instruments market prices on the website in real time, this allows for better monitoring of the trades that you make. The graphical representation on the website as well is an interesting feature because it is very easy to use and helps in developing your future speculations.

             

            Platform Review

            Plus500-homepage-wikicrypto--1024x526 Plus500 Review by WikiCrypto

            View of the Plus500 Homepage

            The Plus500 website is one of the most popular online CFD trading websites, this is because of several reasons; the website has real-time graphs of many commodities that one can trade and it supports 32 languages. Moreover, it is very reliable as Plus500UK Ltd is regulated by the UK’s Financial Conduct Authority, so your money is in safe hands!

            For cryptocurrency enthusiasts, the website offers CFDs on Bitcoin and Litecoin for example, so you can now speculate on how the cryptocurrency price will move.

            The new website is intuitive and easy to use, and is one of the few companies that provides an Apple Watch app as well as iOS and Android. For brokers who want to reduce their risk, Plus500 provides a plethora of risk-management tools such as guaranteed stop loss, guaranteed limit order, price alerts and trailing stops.

            These risk management tool helps to mitigate and minimize the losses that you could incur in real trading. Therefore, with an increased safety and ease of use, the Plus500 platform is one of the best in the market.

            The platform offers a free Plus500 demo account that can be used for traders who want to experience the world of CFD trading without making any commitments. What’s even better is that this free account can be used indefinitely, unlike other trading platforms which require “pro” accounts with deposits.

            Therefore, the people who want to better understand CFD trading can get introduced to industry whilst maintaining the seasoned traders that are active on the website.

             

            Deposit and Withdrawal

            One of the best features of Plus500 is their free demo account. It allows all traders to experience what the world of CFD trading is in detail. All you need to do is click here and use a valid email address. Then you can start trading with your demo account online with no limit over time.

            For experienced traders, one can make a deposit on the website using major credit cards, PayPal or wire transfers. You can invest with your local currency (Euro, Pound, etc…) and withdraw your profits in your own currency as well. 

            The withdrawal process is simple, imagine you wake up tomorrow realizing your last few trades made you a few thousand dollars. Well, you only have to go through a verification process using your ID -which takes one to three business days-, after which you will be able to receive the amounts you wish to withdraw from your account.

            The simplicity of the process is something that makes Plus500 stand apart, most brokerage firms don’t make the withdrawal process that easy!

             

             

            Security

            Security is at the heart of the financial markets, therefore Plus500 makes no compromise in the verification process. Before an account can be opened, Plus500 demands national identification depending on your jurisdiction; some require it and some do not.

            That means that you might be able to verify yourself electronically or provide national identification and proof of residence. In special cases, Plus500 might ask for proof of origins of your funds, in form of a copy of the credit card. This is all that is required of users to begin their trading experience!

            Plus500UK Ltd. is regulated by UK financial authorities therefore you can be confident with your investment. The withdrawal process also requires a security check, after which the money can be transferred to your bank account or PayPal. It usually takes between one to three business day to complete the security check, after which it completes the transfer to your bank account.

             

            Comparison with other platforms

            TOP 1
            TOP 1
            plus500-logo-wikicrypto Plus500 Review by WikiCrypto
            cexio-logo-wikicrypto Plus500 Review by WikiCrypto
            Get 1 month
            free trial
            • CFD Service: your capital is at risk
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            • Best for Bitcoins and Ethereum
              Free routes & directions
            • Fast and easy to use
              Basic web route creator
            • Top customer support
              Android and ios app
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            WikiCrypto Score 9.7 WikiCrypto Score 90
            TOP 2
            TOP 3
            avatrade-logo-wikicrypto Plus500 Review by WikiCrypto
            coinbase-logo-wikicrypto-1 Plus500 Review by WikiCrypto
            Get all type of routes,
            maps & support
            • CFD Service: your capital is at risk
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            • Best for Bitcoins
              Custom route creation
            • Great option trading
              Custom group creation
            • Also offers stocks trading
              Support
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            WikiCrypto Score 9.2 WikiCrypto Score 77
            TOP 3
            TOP 2
            etoro-logo-wikicrypto Plus500 Review by WikiCrypto
            coinmama-logo-wikicrypto Plus500 Review by WikiCrypto
            Unlimited routes
            with GPX
            • CFD Service: your capital is at risk
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            • Social Trading
              Run unlimited routes
            • Low Fees
              Maps & Print directions
            • Large choice of cryptocurrencies
              Export GPX
            • arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
              arp_1498575769_3_25_4 Plus500 Review by WikiCrypto
            WikiCrypto Score 8.9 WikiCrypto Score 82

             

             

            Conclusions and Remarks

            Overall the Plus500 platform is one of the simplest and most powerful CFD trading website, the strong emphasis that plus500 has placed on being open to everybody is unparalleled. The platform can be used by anybody to experience the world of CFD trading and get introduced to a new industry in the financial markets.

            Therefore, taking into consideration the different aspects that we discussed above, the WikiCrypto team gives Plus500 a score of: 9.7/10