Is Plus500 legit?
Without a doubt I can say that Plus500 is a legitimate enterprise. It’s registered and regulated in Australia by ASIC (Australian Securities and Investment Commission), and in other countries where it operates according to the rules of the relevant financial body. It’s listed on the London Stock exchange as a public company. As such, it is subject to the due diligence of any company that is publically listed on this exchange. Amongst Plus500’s main businesses is offering CFD (Contracts for Difference) to retail customers, hence the interest of this website.
Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
|Country||Regulator / Authoriser|
|Australia||ASIC (Australian Securities and Investments Commission)|
|United Kingdom||FCA (Financial Conduct Authority)|
|Cyprus||CySec (Cyprus Securities and Exchange Commission)|
|Singapore||MAS (Monetary Authority of Singapore)|
|Israel||ISA (Israel Securities Authority)|
|New Zealand||FMA (Financial Markets Authority)|
|South Africa||FSB (Financial Services Board)|
If you’re still not 100% convinced of Plus500’s legitimacy, consider that leading payment platforms such as Paypal and Skrill can be used to deposit funds, as well as credit card (must be in your name) and bank account transfer (also must be from an account in your name.)
Although it is listed on the London Stock Exchange, Plus500 is based and was formed in Israel. This occurred in 2008 when it was founded by six alumni of the Israeli Institute of Technology. It’ a highly profitable company, with profit of approximately half a billion dollars USD in 2020.
Contracts for Difference can be complex financial instruments, and they offer powerful leverage for investors and speculators alike. Plus500 has been in the market for some time, with experience in offering trading solutions to online customers since 2008. They have been ground-breakers in offering online and mobile solutions for traders.
Plus500 trading apps support an incredible 32 different languages. Mobile apps have been a successful venture for the company, with an estimated 40% of transactions occurring through mobile (smartphone or tablet) means.
Can you make money with Plus500?
Plus500’s user interface, depending on what trading platform you choose, is user friendly but powerful enough for the novice or professional. So the big question is can you make money with Plus500? Certainly, you can, but you must take into account the risks and rewards inherent in Contracts for Difference (CFDs). Though leverage means that you gains can be magnified, it’s a double edged sword as losses similarly can be multiplied.
If you are a beginner, one way to learn how Plus500 and CFDs work is to try a demo account. This is offered through Plus500 direct, using similar trading platforms that you would use if you were trading with your own money. Demo Accounts let you play with imaginary funds and see how you would fare if you were to trade for real. This is a great way to learn and hone your skills in trading the market.
In conclusion, Plus500 is most certainly a legitimate company that customers have made money through trading. In fact, you can even download their company reports – check out their website – Plus500.