CFD Trading with Plus500 from Iceland
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
LISTED AT THE STOCK EXCHANGE: Yes, London Stock Exchange (LSE)
OFFERS BANKING SERVICES: No
MINIMUM DEPOSIT: USD100
Plus500: World's Trading Machine in Forex and CFDs
Plus500 is an Online Broker available for traders with residence in Iceland that has been classified by many analysts as one of the top trading platforms available in the market. Plus500 is one of the brokers with the largest penetrations among traders, being one of the first online brokers and one of the most diverse in it's CFD offering.
Plus500 allows access to trade international markets in a simple way through a Free Simulator of its Trading Platform. Their trading platform is called Webtrader and it offers CFDs on Stocks, Indices, ETFs, Commodities, Forex and Cryptocurrencies with a very low minimum deposit of just $100.
Is Plus500 a trustworthy broker?
A way to understand if a Broker is reliable, is through the Public entities that regulate it's operations. If a Broker is regulated by a government entity considered as Top Tier worldwide, this is a good indicator to demonstrate that it is safe to deposit funds and operate with the platform. Plus500 is regulated in the following jurisdictions:
Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500CY Ltd is the issuer and seller of the financial products described or available on this website. Office Address: Plus500CY Ltd, 1 Siafi Street | 3042 Limassol
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500AU Pty Ltd holds AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa.
Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).
Bearing in mind that Plus500 is regulated by very strict government entities, in particular by the UK's FCA, we can state with certainty that it is a serious firm, given that they have to comply with very strict regulations.
Plus500's 'WEBTRADER' Platforms
Plus500's platforms have been internally developed, all of them jointly called Webtrader, which are capable of adjusting to the different needs of the different traders and the different types of devices used. At the moment, Plus500 does not offer integration with the MT4 platform [platform which is specialized in Forex trading], however, this might change in the future. It is possible to operate the Webtrader platform with a similar trading environment, basically in every type of device. A key aspect about Plus500's platform is that it is also available to be downloaded to a computer's desktop. The desktop version is an excellent way to test Plus500's Simulator, because it offers all the platform's features in "Demo Mode". To test Plus500's Demo for free, you only need to enter an email and a password.
Forex & CFD instruments offered by Plus500
Plus500's Webtrader platforms offer the following trading instruments:
Forex: +70 currency pairs – Majors, minors y exotics.
Stocks: Plus500 offers +1,500 CFDs on Stocks from 17 major Stock Exchanges, among which there are the New York Stock Exchange, Nasdaq, London Stock Exchange and Xetra, four of the most popular Stock Exchanges among investors.
Commodities: Plus500 offers CFDs on 22 commodities, being Gold and Oil the most popular among traders.
Indices: Plus500 offers CFDs on +30 major stock exchanges indices and industries.
Options: Plus500 offers CFDs on +20 options.
Cryptocurrencies: Plus500 offers CFDs on +25 cryptocurrencies.
Plus500's CFD Trading Accounts available in Iceland
How can I open a Trading account with Plus500?
Opening a Forex and CFD trading account with Plus500 from Iceland is a process that is carried out online and takes only a few minutes: The process is simple and requires: (a) a Valid ID and (b) a proof of address (electricity, water bills, etc.), which are scanned through the platform. The methods of depositing and withdrawing money are:
International Bank Transfer
It is important to emphasize that opening a Demo Account is totally Free, that is, you can open a Demo account, test the platform and then decide whether you will deposit or not. And remember a very interesting fact: To open an account with Real Money, only USD100 is required.