Is Plus500 a reliable broker?
Many people wonder whether Plus500 is a reliable broker. Personally, I have been trading with Plus500 for over two years now and I haven’t encountered any problems. In this article we focus on the reliability of this broker so that you can decide if you want to open an account and start trading with this broker.
Plus500 reliability check
- Plus500 has an official license from the FCA and Cysec.
- Plus500 is a publicly traded company in London.
- The Plus500 software is available in almost 30 languages.
- You can try Plus500 with a demo
Risk warning: ‘CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.’
Plus500 is an online broker where you can trade CFDs in stocks, commodities and Forex. At this broker you can trade in all major and minor shares. You can trade through software, but also directly through the innovative WebTrader. Through the use of orders you can largely automate the trading activity.
Trading at Plus500 is possible with just 100 euros. There is no reason not to open a Plus500 account yourself; that way you can test yourself if Plus500 is reliable.
Plus500 reliability guaranteed?
Plus 500 is a very professional broker. If a broker is reliable you can verify by checking whether it is registered with a regulatory body. Plus500 is located in London and regulated by the Financial Conduct Authority. The Financial Conduct Authority is the official regulatory body in England and ensures that brokers handle customers’ funds with care. Plus500 does not touch the funds of clients and ensures your money is always safe.
Also, Plus500 is listed on the stock exchange. It is a large company in an industry where trust is central; Plus500 attempts to keep its customers satisfied whatsoever.
When you start looking for experiences with certain brokers you often find negative reactions. Some of these reactions are posted online by competitors; if a broker wants to beat the competition sometimes unethical practices are used. Nevertheless, the bulk of the negative experiences on the internet comes from unexperienced, novice traders.
Many people do not understand the risks well enough and immediately go all-in. When they lose money, they get frustrated and blame the broker, in this case Plus500, for their losses. It is therefore better to check for experiences and broker reviews at professional websites.
Plus500 is reliable!
Plus500 is a reliable broker which is regulated by the Financial Conduct Authority, the main financial watchdog in the UK. I have been trading at Plus500 for a long time now and they always pay within a few days. Because the funds of clients are separated from the assets of Plus500 you can be sure that your money is 100% safe. What’s more, you can try the broker Plus500 without any risk using a free demo account (T&Cs Apply).
It is important to check for yourself which broker gives you a good feeling and the only way to find out is to open an account. View our list of the best brokers and open demo accounts with different brokers. That way you can test the reliability of these brokers without any risk!
Risk warning: ‘CFD Service. 80.6% lose money’