Also known by the company Plus 500 UK Ltd., Plus500 is another popular cryptocurrency broker. A lot of people love the Plus500 crypto trading platform because of its simplicity, tight spreads, negative balance protection and many other features.
Plus500 is a leader in the industry providing contracts for difference (CFDs) and trading options for cryptocurrency, shares, forex, ETFs and commodities. All of the trading instruments on the platform are leveraged. The platform comes from Plus500UK Ltd and the company makes sure to take the best possible measures to secure the clients’ funds and ensure a seamless user experience. Currently, there are more than 2,000 instruments in its portfolio.
Across the world, the company is regulated by regulatory agencies including the Cyprus Securities and Exchange Commission with the license number 250/14. Also, it is regulated with the Australian Securities and Investments Commission. The authority of Singapore provided this broker a capital markets services license which makes Plus500 a leveraged foreign exchange platform. Additionally, the platform has a Commodity Broker’s License from Enterprise Singapore and Israel.
Here you can choose to trade with forex and CFDs but also indices and cryptocurrencies as mentioned. There is a complete list for the trading instruments on the website on the main navigation bar.
Users can also opt for the demo account which is fully risk-free to use since you cannot lose any money while using it. Demo accounts are free and you can choose it during the registration process. The difference between the demo and the usual account is that you do not trade with real money in the demo account. Everything else is identical so it’s pretty simple to use.
It is recommended that you should only open a single trading account and the company reserves a right to close any other accounts opened subsequently. However, each case is assessed individually. Pluss500 allows for an additional trading account but clients cannot transfer funds between the accounts in question.