Plus 500 Broker Review

Broker

Plus500 broker is a financial Broker based in United Kingdom and it is a CFD service. It is a reliable broker regulated by the FCA (Financial Conduct Authority) in London. Plus500 Web trader is authorized to engage contracts of commodities, differences, stocks and Exchange Traded Fund (ETF). The regulation of a broker shows whether it is reliable or not. FCA is a regulatory body in financial sector in European Union as well as in London City. Anchors Plus500 is one of the fastest growing trading brokers in the world.

Pros:

The pros related to Plus500 are based on the overall services as per experience and they are mentioned below:

  • For the trading platform it offers interface which is totally clutter free
  • It offers competitor low fixed spreads
  • The withdrawal of profits is very flexible and easy
  • In order to open a trading account, the deposit required is very low and minimum to suit the pocket
  • It is a broker which is regulated by FCA ensuring its reliability and safety
  • The trading platform of Plus500 is highly user friendly
  • It holds a very large number of instruments which are tradable by terms

Cons:

Where there are plus points to any service or a broker, there are also many negative points that come along. It is natural with everything. In case of Plus500, there are some drawbacks which are mentioned below:

  • The customer support is not flexible enough and does not respond in due time
  • The live chat must be available for the customers but it is not available in Plus500 customer support program. Although it is a system which is preferred for communication because who so ever is trying to get a response from the customer support waits for the reply and quick replies always work better and promote the efficiency of the system

Conclusion:

As a conclusion it can be said about reviewing Plus500 that although there is a huge number of Forex brokers in the world but there are not a large number of the ones which are actually properly coordinated and maintained by a regulatory system. This shows that even with a small drawback with the customer support, Plus500 is a CFD broker worth going for because it is better to make a deal with some broker which has a proper regulation system instead of going for some scam site.