Is Plus500 a Scam? Beware, Read our Review First

The online binary options broker world is becoming a little bit more crowded every single day with more and more people looking to take advantage of this amazing investment opportunity. People from all walks of life and financial backgrounds have been learning how unsafe and more

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Details

Broker Plus500
Website URL http://www.Plus500.com
Headquarters Cyprus
Support Types Live Chat
Languages English, Norsk, Français, Español, العربية, Deutsch, Portuguê
Trading Platform Tradologic
Minimum 1st Deposit $500
Minimum Trade Amount $25
Payout 81%
Free Demo Account
Number of Assets 35+
Types of Assets Coffee Copper Crude Gold Silver Sugar Currencies AUD/USD GBP/JPY GBP/USD EUR/GBP EUR/JPY EUR/CHF EUR/USD NZD/USD USD/CAD USD/JPY USD/CHF Indices BOVESPA Dax future Dow Jones NASDAQ100 S&P; 500 future CAC future FTSE future Stocks Apple Boeing Exxon Mobil Google McDonald’s Microsoft Nike Vodafone ING GROUP COCA COLA BONDS BUND
Option Types High/Low, Touch, 60 Seconds
US Traders Allowed
Overall Score 3.5/5

Pros

  • VIP Account Bonuses

Cons

  • High deposit requirement

Full Review

The online binary options broker world is becoming a little bit more crowded every single day with more and more people looking to take advantage of this amazing investment opportunity. People from all walks of life and financial backgrounds have been learning how unsafe and risky their more traditional investment vehicles can be, and since binary option investing is basically a 50/50 chance of making a profit you can understand why it’s become so incredibly popular.

But while the flood of people hitting the day trading binary options world shows no sign of slowing down, the fact of the matter is you need to make absolutely sure you’ve chosen a high quality binary option trading platform like the one offered by Plus500 before you move forward.

History of Plus500

A new kid on the block, so to speak, when it comes to binary option trading, Plus500 was started in 2011 and has quickly become one of the most successful and popular solutions for professionals and newbies alike. With all of the right tools and technologies in place – not to mention a world of information and mission critical data you can leverage to boost your returns, Plus500 makes for a powerful online binary options broker. Based out of Cyprus, it is a truly global entity that offers not only its core platform in a multitude of languages but also has trained teams of multilingual customer support staff on hand to help you whenever you should hit a roadblock of a speed bump in the process of day trading binary options.

Plus500 Has Its Advantages, Same As Other Brokers Though

The big advantage to using this binary option trading platform is simply the security and usability of the entire process. While there are some less than stellar options on the market for day trading binary options, Plus500 understands the importance of not only keeping your private and sensitive information safe and secure but also making sure that you are protected from all of the international laws that come into investing on a global scale. They’ll ask you for a copy of some identification as well as a credit card on file (though you should only provide the first 8 numbers and never the CVC on the back) to make sure to protect you from international money laundering laws and rules.

Combine that high level of security and confidence with a platform designed from the ground up to be easy to use for new traders while powerful enough for professionals, you’ll be able to use their binary options trading platform to create the future of your dreams.

Plus500 Bonuses

There are three distinct and major benefits that you can enjoy when you choose to use the Plus500 platform for day trading binary options. The first is the simple fact that they allow you to create a practice account to test new strategies, get your sea legs of investing underneath you, or even to spot and jump ahead of new trends. The second major bonus is that the first 5 trades you make on the Plus500 will all be free – a significant savings and something that will take the pressure off your first few deals. But the biggest bonus that you’ll be able to take advantage of is the simple fact your first deposit with Plus500 will be met with a 100% bonus – put in $500 and you’ll get an extra $500 to trade with. This can dramatically boost your investing power right off the bat.

VIP accounts receive iPads for trading.

Drawbacks

There is something that might concern you though with moving forward with the Plus500 platform – you should be aware of the simple fact that because the Plus500 company takes things so seriously it has chosen only to work with people that are just as serious and raised their minimum deposit to $500. This means that if you decide to add money to your account it must be at least $500, and starting your account will incur the same limit. For most this is no big deal, especially since you will be looking to make serious money on your investments, but it could be a deal breaker for some.

Conclusion

Overall the Plus500 is one of the finest online binary option brokers out there and a worthwhile choice for anyone serious about making real money day trading binary options.