Information about Plus500 Company
The Plus500 broker prefers to remain incognito, not providing basic information about itself. The official website lacks data on the head office, contact information, registration documents, and license. The only mention is cooperation with the Financial Ombudsman Service of the United Kingdom. This indicates the English origin of the company.
Trading Information
The following aspects of activity are highlighted on the partner site Plus500.ru in Russian.
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Indices.
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Currency.
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Commodities.
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Cryptocurrency.
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Stocks.
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Options.
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ETFs.
The minimum deposit and types of accounts are not disclosed, but a demo account is available. Corporate clients are prohibited from creating an account. The firm remains silent about the services provided, offering “tight” spreads, no commissions, leverage up to 1:300, and instant order execution.
Trading Platform
Detailed information about the trading platform is provided. The terminal is available for PC (Windows 10), Android, and web browsers. No information is provided about the software for IOS devices.
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Stop-Limit/Stop-Loss/Trailing Stop.
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Negative Balance Protection.
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Email notifications and push notifications about market events.
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Pricing alerts and trader opinions notifications.
Deposits and Withdrawals
For traders’ convenience, multiple payment methods are offered. Information on processing times indicates that withdrawal requests are processed within 1-3 business days. However, details about fees for deposits and withdrawals are not specified.
Conclusions
Despite the anonymous nature of the company, promises of the best trading conditions and a modern platform, the lack of key information raises questions. For objectivity, it is advisable to study reviews and consult professionals before making a decision.
I am extremely dissatisfied with Plus500’s service due to their lack of transparency, frequent technical glitches, and unresponsive customer support.