IQ Option Review

IQ Option logo

IQ Option

IQ Option Information

IQ Options Europe Ltd Registered Office Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,
4102, Agios Athanasios, Limassol, Cyprus

Phone #:They have support numbers covering 14 different countries 24/7 Click here to see full list of countries

IQ Options website: www.iqoptions.com 

Minimum Deposit: $10

Minimum Investment:$1

Maximum Investment:$1,000

Currencies Accepted: United States, Australian, New Zealand & Canadian Dollar, British Pound, Euro, Russian Ruble and Chinese Yuan

Customer Service: Email: [email protected] and 24/7 online chat + phone line
Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
Trading Options: High / Low, 60 second and others
Assets: Currency Pairs, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
Withdrawal Time: 1 working day
Demo account: Yes, free of charge, no time limit
Number of assets: 500+
Trading Platform: Web-browser, standalone app

Regulation: See list below

Awards: See list below

IMPORTANT UPDATE

On November 30, 2016, CySEC released a circular C168 that prohibits brokers from providing deposit bonus. It has been done in order to protect traders against financial losses caused by the attempt to fulfill the required trading volume, which applies to each bonus. Therefore IQ Option DOES NOT provide deposit bonus anymore and you need to ignore any website claiming that they do.

IQ Option Review & Credibility:

In this IQ Option review we discuss how IQ Option is one of the biggest and fastest growing platforms within binary options and therefore there is going to be a lot of people who have a lot to say, both good and bad, about IQ Option with people saying it is the greatest binary options platform on the market and others saying it is a scam, so which one is it?. We have taken an in depth look at IQ Option and have aimed to remove all personal opinion and simply report the facts. Like all products and services that are used on a high scale, you are going to get mixed views. Lets begin by looking at the positive facts concerning IQ Option‘s credibility:

IQ Option Regulation

IQ Option are regulated, in a number of major countries and with major financial authorities. You can check out their full list on their website.

IQ Option Awards

IQ Option has won a large number of awards for their binary options software, eleven in total, a full list of them is available via their website, but here are just a few: Best Binary Options Broker & Best Binary Options Broker/Trading Application – IAIR Awards; Most Innovative Binary Option Broker – Show FX World; World’s Leading Binary Options Broker – MasterForex-V, Best Mobile trading Platform – IFM Awards 2015

IQ Option Usage

According to IQ Option the following figures outline the usage of their binary options software in 2016.

  • Number of accounts in the system – 14,011 685
  • Number of trades per day on average – 3,000 000
  • Trading volume per month – $11,000 000 000
  • Amount paid out to traders per month on average – $5,700 000
  • Processing time for withdrawal requests – One working day
  • Response time from support team – 46 seconds by call, 24 minutes by support ticket
  • Number of countries IQ Option deals with – 178 countries (most countries except USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran.)
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IQ Option on Mobile

IQ Option mobile app is one of the best mobile binary option trading apps on the market and that is official. The app has been #1 Binary Options Trading App in 28 countries around the world, according to the Apple App store rankings, February 2016. On Google Play it has a 4.2 star rating from over 136,500 reviews. There are other apps that get 4.3 such as Binary Options by 24Tech (their minimum deposit is $250) but that is off less than 200 reviews.

The apps user-friendly approach with its jargon free instructions makes it very easy to use. It has an full range of features that make binary trading easy to do on the go. You can analyze asset prices and generate signals at the touch of a few buttons. Plus of course there is the practice account available from IQ Option, a feature many other binary option trading software’s don’t provide.

IQ Option Mobile App

mobilephones

The IQ Option app is available in both IOS and Android operating systems. With mobile usage beginning to outperform desktop, even if you have never used a mobile app for trading before, it is very easy to use and of course comes with the practice trading account.

Download IQ Option App Here


“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

Trading Platform

The first thing you are offered when you open your IP Option account is the chance to start practice binary options trading with $1,000 virtual dollars (you can’t withdraw these funds they are simply there to allow you to practice before adding your own funds).

The platform is very clean and simple to navigate. You have a navigation bar to the side which allows you to check on things like your trading history, your earnings calendar, the latest market news, and access training videos as well as get help at any time 24/7.

As you will see from the image below, the IQ Option platform has a lot available at the one click of your mouse button. You can place trades from as little as $1 up to the maximum of $1,000 depending on the level of risk you are comfortable taking. It is highly recommended that when you open your IQ Option account for the first time, you opt for the practice account first, even if you are a seasoned pro at binary option trading, so that you can take however long you want to familiarize yourself with the navigation. Placing a trade is very straightforward and uncomplicated. Simply select the asset option type you wish to trade in, be it Currency, Commodities, indices or equities/stocks (see below for further explanation), select the expiration time of the option, the amount you wish to trade and then select whether you want to Call or Put.

Simply click on image to see full platform example.

Open Your Account Here

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

Binary Options Trading Assets 

An asset is the term that is used in binary options trading to explain the items available to trade as binary options. It is important to understand that these are very different from trading in stocks. With stock trading you are buying stocks in a company for example, with binary options you are trading options by guessing whether the price of the share of an asset will either go up or go down within a fix period of time.

IQ Option have over 70 assets you can trade in and there are spread over the four main areas of assets that you can trade in.

Currency Trading

With IQ Option you are dealing in currency pairs. What that means is you use one currency, say the US dollar to buy another, say the Swiss Franc. Currency related options  is similar to Forex Trading but in this case you are not trading any actual currency.

Commodities Trading

Commodities are physical tangible items such as grain products, oil and precious metals investment. Items like these are highly effected in their trading by world events, such as war, political unrest and major elections.

Indices Trading

Indices is the plural term relating to an index which is a group of financial assets brought together to indicate the overall performance of a related sector. For example the NASDAQ, The London Stock Exchange top 100 known as the FTSE 100. Because you don’t actually trade in the indices themselves, instead surmise the movement of an index without buying any assets themselves, their tends to be less peaks and troughs and therefore are seen as a more preferred investment option than say commodities.

Stocks Trading

Whenever a company wishes to raise funds it issues shares in the company so people can buy stock. Stock trading is high risk as you price can be dictated by whether others wish to buy or sell, something you don’t have control over.With binary options trading you are not buying the stock, you are speculating whether the stock value will go up or down, and therefore you know what you can potentially gain or lose.

Binary Option Tournaments: qoption tournament winners podium

One main feature to the IQ Option platform are the binary options tournaments. This is unique to IQ Option and is a great way to have a bit of fun with other traders. The tournament allows you to compete against other traders who have entered the tournament, which everyone enters for a set fee. The winner of a tournament is the trader who ends up with the most money in the account when the tournament ends. The prizes are divided up among the various traders and the position they finished in.

Not all tournaments are the same and therefore the rules, time frame of the tournament and the prize money available will differ from tournament to tournament. For example one tournament available recently was called ’72 hours’ because you had 72 hours in which to be the best trader among the participants to win the top prize. The prize fund was shared out among the top 15 performers. Whereas there was a very different tournament called ‘Winner Takes it All’ where literally the number one trader wins the entire prize fund.

By opening up a demo account first, you can practice binary option trading as much as you want before entering any tournaments, thereby getting used to making trades before entering competing against others.

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

IQ Option‘s Binary Option Trading Patterns:

You should never really carry out any investment type without first deciding on what you want to achieve. Every person has there own desired outcome which is usually measured by their risk levels. Part of the risk management you will use must include much you are prepared to lose.

A major part of your trading in binary options is how you will actually carry out your binary options trading. There are a number of various patterns for trading that relate to the level of understanding and competency you have in binary options trading.

As has already been mentioned, the trading platform from IQ Option is a clean one. This makes using the platform easy to follow for most people. They also offer you training materials within the platform. You will find a full range of video tutorials that has over 20 videos to help you understand their platform. The videos start off by showing you how to start trading on IQ Option, how to trade classic options, right through to explaining a number of different trading patterns.

We could spend time explaining these various trading patterns to you, or we could share with you some of the videos that IQ Option provide and you can see for yourself what is available.

Relative Strength Index Indicator

“Your capital may be at risk. This material is not investment advice.”

Bollinger Bands Indicator

“Your capital may be at risk. This material is not investment advice.”

Moving Average Indicator

“Your capital may be at risk. This material is not investment advice.”

Click Here To Register Your New Account And Get Access To The Demo Account

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

Binary Options Demo Trading Account:

As we have already hinted at, IQ Option provides you with a demo account when you open an new trading account with them. The first thing you must note is that the  demo account is not automatically given to you, you have to select it as your option, that you want to begin with the demo account first before trading in binary options properly.You can switch from the demo account to the live account whenever you want by funding your account with any amount of funds over the minimum deposit of $10. To open the demo account, you can sign up with your email.

So what do you get with the IQ Option binary options demo trading account? – Well basically you get everything that is in the live account except for the fact that all your binary options trades are virtual. All the charts are live and actual, so there is no fake charts or dummy accounts, it is as if you were trading for real. You are given $1,000 dollars virtual funds to practice with, so there is no need to add your own funds at all and if you start off trading with say just $10 a trade, you will be able to practice binary option trading and refine your skills and strategies as much as you want, while your virtual fund has money in it. So not only does this IQ Option demo account enable you practice and improve your binary options trading skills, but it helps you decide whether you like the IQ Option platform and want to use it going forward as your live binary options trading platform.

Click Here To Open Your IQ Option Demo Account

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

Withdrawing Funds

Verification/Identification

You need to verify your account first before you can begin trading properly. The first thing you need to do is verify your email account, then your phone number. Then you need to verify your personal data – name, sex, date of birth, address and country of citizenship.You then give an indication of your financial status, source of income and trading experience. And finally you need to provide proof of identity. This can be a colored copy of your passport or copies of the front and back of your identity card showing clearly your full name, photo, date of birth, expiry date, official document number and signature. You also must provide a clear copy of a recent utility bill (any bill that is not older than 6 months and clearly shows your name and permanent address of residence, e.g. water bill, electric, gas, telephone etc…) or a bank statement showing clearly your full name, address and the issue date. These proof of identity and residence can be uploaded to your profile account on the IQ Option platform for verification.

Now to some people this may seem excessive, but it is needed for two main reasons; to protect you from identity fraud and to protect IQ Option from money laundering. Once you have carried out the account verification and the personal identification properly and fully, you wont have to do it again.

IP Option Fund Withdrawal Methods

IQ Option offer six different methods for cash withdrawal. These are:

  • MasterCard or Visa Credit Cards
  • Skrill
  • Neteller
  • WebMoney
  • Cash U
  • Wire transfer

Once you have selected your method of cash withdrawal and selected the amount you wish to withdrawal (no minimum amount withdrawal restrictions, although if less than $2 you need to contact customer support. Maximum withdrawal amount is $1,000,000.), you typically get your earnings within 24 hours.

IQ Options Complaints

As we pointed out at the beginning, like all products and services that are used on a high scale, you are going to get mixed views. There are over 14 thousand accounts on IQ Option and over 3 million trades carried out every day and over $5 million paid out to traders every month. When you consider these volumes, it is obvious that there are going to be issues and complaints from people who are not satisfied. We looked at a number of complaints on IQ Option‘s Facebook page and at the website pissedconsumer.com, plus we did a Google search for IQ Option complaints and this is what we found.

At both sites, the complaints revolve around the same issues. People not making profit, having difficulty withdrawing funds, platform freezing and expiry strike being different than that of the market price. We went back to pissedconsumer.com 28th April 2017 to see the number of complaints and there were 43 in total. Our Google search found a small number of complaints, mostly covering the issues that we have already mentioned. Every complaint we found made directly to IQ Option was resolved. Errors can be made on both sides and so with their 24/7 support by phone and support ticket, there is every opportunity to get any complaint worked on.

Concerns /Things To Consider

The main things to consider when using the IQ Option binary options trading platform is that it is not available to every country around the world. If you live in USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran, then the platform is not available to you.

You will want to consider opening up a demo account first, to practice your binary options trading. Binary options trading like anything in life, carries risk. You seriously need to consider that when dealing with financial trading of any sort or investing in anything, there will be losses. Never get involved in binary options trading, or carry out any trade, no matter how small, without being prepared to take a loss. You need to carry out your own risk assessment before carrying out any binary options trade because losses will always be unavoidable in binary options trading and it doesn’t matter how good you are at it, you will at some time take a loss. Never have the mind set that you can eliminate loss, you cant, but with effective risk assessment you can at least help yourself to minimize your losses.

Naturally we would recommend you carry out your very own due diligence and make the necessary checks you want to make in to IQ Option to be satisfied in your own mind as to whether they are a good binary options trading platform to use, or they are a scam. Nothing we have seen has indicated anything to the latter. With the level of regulation that IQ Option has adhered to, it makes them far from a scam.

Also beware of online reviews that imply that IQ Option offer deposit bonuses. They don’t and in fact as you will see in the notice we placed in the side bar, no binary options platform provider is allowed to offer deposit bonuses.

Summary

If you are considering starting binary options trading then IQ Option is a good place to start due to the demo account and virtual $1,000 offered, along with the extensive library of training videos. They have one of the lowest deposit requirements of $10 and the lowest minimum investment amounts in $1. One of the main factors we like about IQ Option is the quality customer support with its 46 second response time via telephone and its 20 minute response time by support ticket. They have some of the highest reviews available for their mobile app and their binary options trading platform is one of the cleanest and easiest to use.

We recommend IQ Option as one of the leading binary options trading platforms on the market if not for their practice/demo account alone.

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

IQ Option Scores
  • Platform Ease of Use
  • Available Countries
  • Number of Assets
  • Regulation
  • Fees
4.7

Overall Score - Pros & Cons

Pros

  • Free Demo Account with $1,000 virtual funds added
  • Best satisfaction rate (96%)
  • 7BO Award 2016 winner – Best Broker
  • 24/7 Customer support with 46 second response time
  • Heavily regulated

Cons

  • Not available in USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran
Sending
User Rating 0 (0 votes)

Disclaimer

Please note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend companies. The content on this website, including any positive reviews may not be neutral or independent. It is advisable to always speak to a certified financial adviser before making any investment decision.

General Risk Warning:

Your capital is at risk!


Plus500 Review

PLUS500

Plus500 logo

Plus500 Information

Registered Office Plus500UK Ltd, 78 Cornhill | London EC3V 3QQ

Website: www.plus500.com

Minimum Deposit: £100

Commission charges: None

Assets:Over 2000 instruments to trade in

Excluded Countries: United States, Canada

Platforms: Online and Mobile (see below)

Regulation: See list below

Plus500 Review:

In this Plus500 review we discuss all the relevant points needed to decide if they are an appropriate platform for you to use. It is important to state from the start that  CFD‘s are the only products that Plus500 offer. They are not authorized to provide binary options and therefore if you wish to trade in binary options they are not the brokers for you.

Plus500 is a fast growing CFD provider and currently offers a portfolio of over 2000 instruments, making it one of the leading trading platforms. The company behind the Plus500 software, Plus500 Ltd, is listed on the AIM section of the London Stock Exchange (LSE), and therefore must comply with all standards and protections.

But what is interesting, are the actions they have taken and the achievements Plus500 Ltd have had over the past few years. In 2013 they introduced the first Bitcoin CFD in the world. In February 2014 they reach a market value in the AIM section of the LSE of $1,000,000,000 (1 Billion US Dollars).

Lets begin by looking at Plus500’s credibility:

Plus500 Regulation

Plus500 is regulated, in a number of major countries and with major financial authorities. Here is the list of the organizations they are regulated by.

CySEC– CySEC monitors companies who offer financial services, ensuring full compliance to financial laws and regulations for the businesses registered in Cyprus and the EU. Plus500CY LTD license number is 250/14

FCA – The Financial Conduct Authority is the main financial regulatory body for the UK. Plus500UK Ltd  FCA reference number is FRN 509909

Australian Securities and Investments Commission –is an independent Australian government body that acts as Australia’s corporate regulator. Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727

Plus500 on Mobile

Plus500 do offer a mobile app for both Android and iOS (need iOS7.0 or later for compatibility) As of May 2017 on Google Play it has a 4.2 star rating from over 64,500 reviews. On Apple the app received 4 stars out of 5 from over 1,700 review. They are also one of the few providers who offer an app for Windows phone. It has received a rating score from just over 100 reviewers of 3.8 out of 5.

The app has a clean and simple interface making it very easy to use. It has an full range of features that makes the trading platform easy to use while out an about. Rather than explain what you can do with the app, why not download it for free and check it out yourself.

Plus500 Mobile App

mobilephones

As mentioned, the Plus500 app is available in both IOS and Android operating systems, as well as Windows Phone .

Download Plus500 App Here

General Risk Warning: Your capital is at risk

Trading Platform

The first thing you are offered when you go to open your Plus500 account is the chance to open a demo account where you can practice using the trading platform. Plus500 add 50,000 virtual funds of the trader’s currency in to the account (you can’t withdraw this money it is purely for demo purposes).

As you can see from the image below, the platform is very clean and simple to navigate around. You have a navigation bar to the side which enables you to select which CFD you want to trade whether indices, commodities, forex, options, ETF’s or shares. The tick can be set to show 1 minute, 5,15 or 30 minute, 1,2 or 4 hour, 1 day or 1 week

Plus500 platform screenshotAs you will see from the image above, the Plus500 platform has every thing you need within easy access. Their all inclusive screen has everything clearly labelled, enabling you to look at your current positions and past trades. You can access your account from either a downloadable platform that you place on your personal computer, or you if you prefer you can access your account via the web, meaning you can gain access at any computer. Of course as already mentioned there is the mobile app too.

Click Here To Trade CFD’s With Plus500  – General Risk Warning: Your capital is at risk 

CFD Trading Instruments

A CFD  instrument is the term that is used to explain the items available to trade. Plus500 have over 2,000 instruments for you to choose to trade in. Plus500 offers CFD trading in Shares, Forex, Indices, Commodities and ETFs. Here is an idea of what is available for you through their platform.

FOREX

With Plus500 you are able to deal in a wide variety of forex currency pairs.  On the platform you will find that they are in four categories, Majors which includes the obvious like British Pound / US Dollar & Euro / Japanese Yen. The second group or forex are Majors II which have the likes of the Australian Dollar / the Yen or British Pound / New Zealand Dollar. Then the third forex group is Virtual which contains  Bitcoin (Plus500 were the first CFD company to offer Bitcoin). And finally the fourth forex group is called Minors which contains the major currencies against lesser currency such as the US dollar / Singapore dollar or the US Dollar / Polish Zloty

Commodities

Plus500 offer a wide range of Commodities such as grain products, oil and gold.

Indices

Plus500 cover Indices from a large selection of European countries as well as the US, Hong Kong markets

Shares

You can trade CFD’s in the likes of Facebook, Tesla Motors, Amazon and a host of other companies from around the world.

Options

There are a good selection of options available for you to select from. You can Call or Put on the UK 100, Apple, Deutsche Bank, to name just a few of the options available.

ETF’s

If exchange traded funds are your preferred CFD trade, then Plus500 has a wide selection of commodities and indices for you to choose from.

Cryptocurrency

Plus500 were the first company to offer CFD trading in Bitcoin. Now they offer a wide variety of cryptocurrencies for you to trade in with up to 1:20 leverage. The cryptocurrencies they offer are:

  • Bitcoin
  • Ethereum
  • Litecoin
  • NEO
  • Ripple
  • IOTA
Click Here To Try Plus500 Today – General Risk Warning: Your capital is at risk 

Plus500 Risk Management Tools:

CFD’s are leveraged products and can result in loss of your capital, so it is wise to manage your risk as best as possible. Plus500 offer a variety of order type tools to help with your risk management. Here are just a few.

Stop Limit

With a stop limit you can protect any profit gained from an instruments price moving up. With the stop limit put in place it will come into play at when your specified stop limit price is reached.

Stop Loss

A Stop Loss is a good way to limit your losses. Should the instrument price move downwards, then the Stop Loss instructs Plus500 to close the position at that price. If the instrument continues to go down beyond that Stop Loss order, you don’t continue to lose.

Guaranteed Stop

When you put a guaranteed stop in place you are ensuring an absolute limit on the potential loss. It may be a case that the market price gaps suddenly, and if that does happen then your position is closed out at the price you exactly specified, cutting out the risk of slippage.  It is important to not that a ‘Guaranteed stop’ is only available on specified instruments. Plus500 will tell which ones they are when you come to pick them.

Plus500 Demo Account:

As we have already mentioned, Plus500 provides you with a demo account when you sign up with them. When you go to open an account the first thing you have to decide is whether you want to start with your own money or start in demo mode. You can switch from the demo account to the live account whenever you want by funding your account with any amount of funds over the minimum deposit of £100. To open the demo account, you can sign up with your email.

Plus500 platform screenshot

So what do you get with the Plus500 demo trading account? – Well basically you get everything that is in the live account except for the fact that all your CFD trades are virtual. All the charts are live and actual, so there is no fake charts or dummy accounts, it is as if you were trading in CFD’s for real. You are given, as mentioned, 50,000 in virtual funds of the trader’s currency for you to practice with to get used to the platform, and there is no time limit either on the demo account, it remains available to you even after you start trading for real with your own funds.

Of course when main feature of starting out with the demo account is it helps you decide whether you like the Plus500 platform and want to use it going forward as your live CFD trading platform.

Click To Try Plus500 Demo Account Today-General Risk Warning: Your capital is at risk 

Adding & Withdrawing Funds

Once you have finished using demo account and want to begin using the live Plus500 account, or you want to start straight a way, you of course need to add your own funds. To do so you first need to verify yourself through their verification process, once this has been done you can add funds to begin trading properly. There are a number if key pointers relating to the withdrawal of funds.

VERIFICATION/IDENTIFICATION

As just mentioned you need to verify your account first before you can start trading properly and of course withdrawal any possible funds from CFD trading. You need to provide full name, date of birth, residence address and phone number. You also need to confirm in line with FATCA (The Foreign Account Tax Compliance Act)  whether you are a a citizen of the United States or a resident of the U.S., Gibraltar, Guernsey, Isle of Man or Jersey for tax purposes.

Once you have done that you answer a simple questionnaire concerning your relevant trading experience over the past 3 years, plus your economic profile and your financial details. Once you submit that information you then need to provide verification by way of ID – a photo/scan of your passport, driving licence (photo ID part) or an ID card, plus proof of residency by way of a entire utility bill or bank statement with your full name and address on it, dated within 6 months.

You may think that this is excessive, but it is needed for two main reasons; to protect you from identity fraud and to protect Plus500 from money laundering. Once you have carried out the account verification and the personal identification properly and fully, you wont have to do it again.

Plus500 Fund Withdrawal Methods

Plus500 offer six different methods for cash withdrawal. These are:

  • MasterCard or Visa Credit Cards
  • Skrill
  • PayPal
  • Wire transfer

Concerns /Things To Consider

The main things to consider when looking to use Plus500 CFD trading platform is that it is not available to every country around the world. If you live in USA, Canada,  the platform is not available to you.

Even if you are a seasoned trader of CFD’s or have good experience trading online, you may want to consider opening up a demo account first, simply to practice using the platform so you get used to it before you start. The most important consideration is that when  dealing with financial trading of any sort or investing in anything, there will be losses. DO NOT get involved in CFD trading, without being prepared to take a loss. You need to be happy with your own risk assessment before partaking in any CFD trade because losses will always be unavoidable.

Naturally we would recommend you carry out your own due diligence  in to Plus500 to be satisfied in your own mind as to whether they are a good CFD trading platform to use, or they are a scam. Yes there are complaints online concerning issues but Plus500 are heavily regulated and when you consider that according to their site they have over 155 thousand active users placing over 36 million positions every year, there are going to be the occasional issue arise with some people, especially those who are not familiar with how CFD trading works. There is nothing we have seen that indicated that Plus500 is a scam. With the level of regulation that Plus500 has adhered to, it would be very difficult for them to trade under the guidance of the Financial Conduct Authority if they were scam artists .

Finally we would strongly recommend that when trading you put all risk management options in place every time, to limit your losses.

CLICK HERE TO START TRADING WITH PLUS500

Plus500 Scores
  • Platform Ease of Use
  • Available Countries
  • Number of Assets
  • Regulation
  • Fees
4.8

Summary

Pros

  • Demo Account
  • Range of Mobile Platforms (96%)
  • No Commission on trades
  • Extensive range of Instruments to trade – over 2,000
  • Highly regulated
  • Price alerts offered
  • Good Risk Management

Cons

  • Inactivity fee of $10 if account not used for 3 months
  • No training materials
  • No MetaTrader Platforms
  • Doesn’t operate in US or Canada

Disclaimer

Please note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend companies. The content on this website, including any positive reviews may not be neutral or independent. It is advisable to always speak to a certified financial adviser before making any investment decision.

General Risk Warning:

Your capital is at risk!