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CFD Service. Your capital is at risk. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
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Cryptocurrencies Listed | BTC,ETH,ADA,LTC,XLM,EOS,NEO,IOTA,ETHBTC,Crypto10,BAB |
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Payment Methods | Credit/debit card, Bank transfer, PayPal, Skrill |
Supported Fiat Currencies | AUD, USD, GBP, EUR |
Trading Platforms | |
Minimum Deposit | $100 |
Leverage | 1:30 |
Plus500 is a regulated financial services entity in the United Kingdom, Cyprus, Australia and Israel, now offering cryptocurrency alongside its other offerings.
Plus500 Ltd is listed on the Main Market of the London Stock Exchange.
With a large and growing client base around the world, Plus500 also offers cryptocurrency CFDs.
Plus500 is a full-service online CFD trading provider catering to retail traders. It provides trading in CFDs across a range of financial markets. The company was founded in 2008, right around the time that Satoshi Nakamoto first released the now famous paper, Bitcoin: A Peer-to-Peer Electronic Cash System. As its services expanded, Plus500 began offering CFD contracts for bitcoin, Litecoin, Ethereum and other cryptocurrencies.
Plus500 is available in more than 50 countries, including Australia.
As an online CFD provider, you can rest assured that Plus500 has numerous payment options, including:
Unlike CFD providers that also charge commissions, Plus500 only charges spreads and fees. A spread is the difference between the bid price and the ask price of a financial instrument.
Traders can be charged overnight funding, currency conversion, guaranteed stop order, and inactivity fees. Further details are provided in the User Agreement.
Withdrawals are normally processed within one to three business days. However, this depends on the withdrawal method you choose.
Withdrawals to electronic wallets, such as PayPal or Skrill, are usually cleared in three to seven business days. Direct bank to bank transfers can take up to five business days, with funds usually received in your bank account within 5-7 days of withdrawal authorisation. Exact withdrawal times may vary depending on your bank and jurisdiction. Credit cards are subject to your bank's processing time.
All withdrawals have a minimum amount threshold that can be found in the User Agreement. These minimums are outlined below:
Plus500 is licensed by ASIC in Australia (AFSL #417727), however potential traders should do further research if they choose to start trading with Plus500. According to their website, client funds are held in accordance with client money rules such as those outlined by the Corporations Act. This essentially means that each client deposit is put in a segregated bank account.
The company has a detailed privacy policy on its website and those outline the protection and confidentiality of client information at all times.
If you have completed your due diligence, and are ready to get started with Plus500, visit their website and click “Start Trading Now”. You will then be prompted to follow the sign-up procedure to complete your registration.
The great thing about this CFD provider is it allows you to go for a test drive before risking actual money. Click “FREE Demo Account” on the homepage to open a practice account, where you’ll be able to hone your skills before trading real funds.