Plus500 Review: What You Need To Know Before Signing Up

Plus500 is an online forex trading platform where traders from all over the world can access and trade forex. There are several such trading platforms and the choice of which to use entirely depends on the user. Plus500 have a number of users some of which are satisfied with its services while others are not comfortable with. This Plus500 review gives information that would be crucial for any potential investor would wish to sign up for a platform.

General Information about Plus500

The full company name is known as Plus500 Ltd and it was founded in 2008 and has been operating online since 2009. The company is registered in the United Kingdom where it has its headquarters. It accepts different kinds of payment methods such as PayPal, credit cards as well as wire transfers.

Account types offered by Plus500

To have an account with Plus500, one must have at least $100 as this is the least amount that the platform accepts. They generally have fixed spreads with each spread having a value of EUR/USD of 2. There are a total of twenty three pairs of currency traded on their platforms which includes Plus500 windows trader and Plus500 web trader. Finally, their margin call levels in 40% of the value of the account.

Ratings of Plus500

The company seems to have a low rating as compared to other trading platforms. With a rating of only 4 out of 10, many people that the platform is not among the best and others even think that it is a scam. For instance, there have been a number of users who have expressed their dissatisfaction on the services offered by Plus500 especially with regards to withdrawal of the funds. Several clients claim that they have had their withdrawal requests cancelled and when they make inquiries, they do not get any good explanation.

But there are also a number of customers who are satisfied with the services offered by Plus500. Some of the positive comments about Plus500 review portray it as a great company to trade with due to their efficiency in account verification and also in the processing of withdrawals. Due to these mixed reactions, you should take your time to thoroughly investigate if this company will be suitable for your online trading needs. You also need to consider other alternative platforms should you find this as unsatisfactory.