Are you wondering if Plus500 is a reliable broker? Then you’ve come to the right place! On this page you’ll discover whether it is secure to deposit money with this broker. By reading this article, you can determine whether it is interesting for you to start trading with Plus500.
How reliable is Plus500?
- Plus500 has more than 200.000 active customers
- Plus500 is a publicly traded company on the LSE
- Plus500 has a fully English-speaking customer service
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
With a demo account you can try out the possibilities of Plus500 without any risks. Use the button below to open a free demo account.
About the Plus500 platform
Plus500 is an online broker where you can invest through CFDs. CFDs are derivatives that allow you to speculate on price rises and falls. You can trade CFDs on all known shares at Plus500. In addition, it is also possible to trade CFD cryptocurrencies (Instrument availability subject to regulations), commodities and currency pairs.
You can start trading from $100. You can also practice unlimited with the Plus500 trading platform with the free and risk-free demo. That way, you can discover for yourself whether the Plus500 software is securely designed.
Is Plus500 trustworthy?
I have extensively investigated whether Plus500 is a reliable broker. In the end, I came to the conclusion that you can deposit money securely on the Plus500 platform. In this section of the article we take a close look at the reliability of Plus500.
They are supervised
Banks and brokers must always be supervised. It is the task of a supervisor to investigate whether a broker complies with all rules. Supervisors set strict requirements for the way brokers are allowed to perform their work. This is also a strong signal that Plus500 is a reliable party. Below you can see an overview of the different supervisors who control Plus500:
- Plus500UK Ltd authorized & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by the CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417927, FMA in New Zealand, FSP #486026; authorized financial provider in South Africa, FSP #47546
Your money is secure on Plus500
It’s of course important to know beforehand that depositing money is 100% secure. On Plus500 they ensure that your money is stored securely. The money you deposit is kept in separate bank accounts. Plus500 does not use your money to invest itself and the money will not be given away to other parties. Plus500 itself does not speculate on the market. So, if Plus500 goes bankrupt, your money is not suddenly gone.
Plus500 is large and popular
Plus500 is a large company with over 200,000 active customers in 2019. Together they opened over 35 million positions with a total value of over $ 1310 billion! Big is not necessarily better. Still, the company has been around for over a decade and during that time they’ve grown significantly. This is another sign that speaks in favor of the reliability of Plus500.
They are listed on the stock exchange
Plus500 is listed on the London Stock Exchange. The company’s market capitalization is over $1 billion. You would not find a criminal organization on the stock exchange. This is another sign that Plus500 can be a reliable trading party.
Plus500 customer service
Another positive sign for the reliability of this company is the customer service. On Plus500 you can always speak to someone via live chat: 24 hours a day, 7 days a week. They will quickly solve any problems that you may experience with your account. Customer service is available in more than 30 languages.
I have tried the customer service myself. Problems and questions are quickly resolved via live chat. When you send an email, it may take a little longer before you get an answer.
Conclusion about the reliability of Plus500
Plus500 is a reliable broker where you can deposit money securely. Because your money is stored on separate accounts, you are protected in the event of bankruptcy. Plus500 is one of the largest CFD brokers with a huge customer base. This is of course a very good sign. If they were a scam group they would have been taken offline by now. It is therefore advisable to try out trading with Plus500 through a free demo.