Overview of Plus500
Plus500JP Securities Co., Ltd. is a regulated institution in Japan with a Retail Forex License issued by the Financial Services Agency (FSA). It has been operating for 15-20 years and holds a good WikiFX Score of 8.08/10. The company's capital ratio is perfect, and it is regulated by the FSA. Plus500JP offers a wide range of market instruments for trading, including currency pairs, indices, stocks, commodities, options, ETFs, and risers & fallers.
Opening an account with Plus500 is a straightforward process. By visiting the Plus500 website, users can click on the “Start Trading” button and provide their email address and a strong password. They can then create an account and access the trading platform. Plus500 offers different account types, including a demo account for practice trading and a real money account for actual trading with financial risk.
Plus500 provides a leverage of up to 1:30 and offers various payment methods for depositing and withdrawing funds, such as Visa, MasterCard, PayPal, bank transfer, Apple Pay, and Trustly. The trading platform, called +INSIGHTS, allows traders to gain valuable insights and access market analysis based on the activity of millions of Plus500 customers in real-time.
Customers can seek support from Plus500 through email (support@ezinvest-sec.jp) and WhatsApp. The support team is available to address inquiries and provide assistance promptly. Overall, Plus500JP Securities Co., Ltd. is a regulated institution in Japan that offers a range of market instruments for trading and provides customer support through multiple channels.
Pros and Cons
Plus500 is a regulated institution in Japan, holding a Retail Forex License issued by the Financial Services Agency (FSA). It offers a range of market instruments, including currency pairs, indices, stocks, commodities, options, ETFs, and risers & fallers. The platform provides different account types, including demo and real money accounts, as well as a professional account for eligible traders. Opening an account is a straightforward process that can be done through the website. Plus500 offers leverage of up to 1:30 and various payment methods for deposits and withdrawals. The trading platform includes features like +INSIGHTS, educational resources, an economic calendar, and risk management tools. Customer support is available through email and WhatsApp.
Is Plus500 Legit？
Based on the information provided, Plus500JP証券株式会社 (Plus500JP Securities Co., Ltd.) is a regulated institution in Japan. It holds a Retail Forex License issued by the Financial Services Agency (FSA) of Japan. The license number is 関東財務局長（金商）第156号 (Kanto Finance Bureau Director (Kinsho) No. 156), and it became effective on September 30, 2007.
The address of Plus500JP証券株式会社 is 東京都港区東新橋１－５－２ 汐留シティセンター３３階 (33rd floor, Shiodome City Center, 1-5-2 Higashi-Shinbashi, Minato-ku, Tokyo), and their phone number is 03-6263-8170.
Market Instruments
EZ platform provides thousands of market instruments for investors to trade and speculate on various financial assets.
Currency Pairs (Forex): Investors on the EZ platform can trade popular currency pairs in the foreign exchange market. Some examples include GBP/USD, GBP/JPY, EUR/USD, EUR/GBP, EUR/AUD, EUR/NZD, EUR/CAD, and EUR/CHF.
Indices: EZ platform offers trading on various stock market indices, allowing investors to speculate on the performance of specific markets. Examples of indices available for trading include UK 100, Australia 200, Germany 40, Spain 35, USA 30 (Wall Street), and Netherlands 25.
Stocks: Investors can trade individual stocks of various companies. Some popular stocks available for trading on EZ platform include Tesla, Virgin Galactic, Nikola Corporation, NVIDIA, NIO, Meta, and C3.ai.
Commodities: EZ platform provides trading opportunities in commodities such as oil, natural gas, gold, silver, coffee, low sulfur gasoil, heating oil, and Brent oil. Investors can speculate on the price movements of these commodities.
Options: EZ platform offers options trading on various financial instruments. Investors can trade options contracts on gold, oil, EUR/USD, NASDAQ 100, and USA 500, among others. Options allow investors to speculate on the future price movements of the underlying assets.
ETFs: Exchange-traded funds (ETFs) are also available for trading on EZ platform. Some examples include USO-Oil Fund, iShares Silver, UNG-Gas Fund, OIH-Oil Service, GLD Gold, and Commodity Index Fund. ETFs represent a basket of securities and provide exposure to specific sectors or markets.
Risers & Fallers: EZ platform allows investors to identify and trade on instruments that are experiencing significant price movements. Examples include Hong Kong 50, iRobot, Virgin Galactic, Low Sulphur Gasoil, Natural Gas, and Nikola Corporation (Weekly Contract).
Account Types
DEMO ACCOUNT: The Demo account provided by Plus500 allows users to practice trading in real market conditions without using real money. It offers a simulated trading environment where traders can learn and familiarize themselves with the platform and various trading instruments. Although the trades are executed with virtual funds, the market conditions reflect real-time data, enabling users to gain experience and test different strategies before trading with real money.
REAL MONEY ACCOUNT: The Real Money account is for traders who are ready to trade with actual funds. In this account type, users can engage in trading activities using their own money. The trading conditions and market access are the same as in the Demo account, but with the added element of financial risk and potential profits or losses.
CORPORATE/COMPANY ACCOUNTS: Plus500 does not offer corporate or company accounts. Only individual trading accounts are permitted on their platform.
PROFESSIONAL ACCOUNT: Plus500 provides a Professional Account option for experienced and eligible traders who meet specific criteria. Professional Customers receive most of the same protections offered to Retail Customers without additional costs. Eligible traders can access higher leverage levels for different instrument categories such as Forex, Indices, Commodities, Shares, Options, ETFs, and Crypto. The maximum leverage varies depending on the instrument, with lower leverage for more volatile assets. Professional Account holders may benefit from cash rebates, client money protection, negative balance protection, best execution for orders, access to the Financial Services Compensation Scheme (FSCS), and the Financial Ombudsman Service (FOS). Eligibility for a Professional Account requires meeting two out of three criteria: sufficient trading activity in the last 12 months, a financial instrument portfolio of over €500,000, and relevant experience in the financial services sector.
How to Open an Account？
To open an account with Plus500, follow these steps:
Visit the Plus500 website.
Look for the “Start Trading” or similar button on the homepage and click on it.
3. You will be directed to a registration page.
4. On the registration page, you will need to provide your email address in the designated field. Enter a valid email address that you have access to.
5. Create a strong and secure password for your account. Enter it in the password field. It is recommended to use a combination of letters, numbers, and special characters for better security.
6. After entering your email and password, click on the “Create Account” or similar button to proceed.
7. Alternatively, if you already have an account, you can choose the “Already have an account？” option and log in with your existing credentials.
8. In some cases, Plus500 may provide alternative options for creating an account, such as using social media accounts or other platforms. If available, you can choose the “or create an account with” option and select your preferred method.
Leverage
The leverage offered by Plus500 is up to 1:30. Leverage refers to the ability to control a larger position in the market with a smaller amount of capital. With a leverage of 1:30, traders can magnify their exposure to the market by up to 30 times the amount of their initial investment.
Non-trading Fees
Plus500 applies an Overnight Funding fee based on holding positions after a specific time. A Currency Conversion Fee is charged for trades in different currencies. Guaranteed Stop Orders provide risk management but come with wider spreads. An Inactivity Fee of up to USD 10 per month applies if there is no account login for three months. Please refer to Plus500's official resources for detailed information on these fees.
Deposit & Withdrawal
Plus500 provides a range of global payment methods for both depositing and withdrawing funds. These options include Visa, MasterCard, PayPal, bank transfer, Apple Pay, and Trustly, offering users opions in choosing the most suitable method for their needs.
When making a deposit, each payment method has its own minimum deposit requirement, which can be found in the Deposit screen on the Plus500 trading platform. However, it's important to note that the availability of specific methods may vary depending on the user's region.
For debit/credit card deposits, Plus500 accepts Visa and MasterCard cards, although certain limitations may apply based on the user's location. Electronic wallets such as PayPal or Skrill are also available as deposit options. Additionally, bank transfers offer a direct transfer of funds between bank accounts, allowing users to deposit and withdraw funds securely.
Trading Platforms
+INSIGHTS is a trading platform feature offered by Plus500 that allows traders to gain valuable insights and analyze data based on the activity of millions of Plus500 customers in real-time. It provides a powerful tool for traders to enhance their trading strategies. The platform is accessible on various devices, including WebTrader, iOS, and Android.
Navigation within +INSIGHTS is user-friendly. On the mobile app, traders can open the main menu to access +Insights. For desktop users, simply hovering over the side-bar menu reveals +Insights.
With +INSIGHTS, traders can explore Plus500 Traders' Trends, enabling them to see what other traders are doing. By selecting a specific trend to analyze, the platform displays the top 10 results based on the activity of Plus500 traders. The results are presented in a sorted manner, with a visual scale indicating the relative differences between them. Additionally, traders have the option of opening a Buy/Sell position directly from the same screen if they feel inclined to act on the insights they gather.
To further refine their analysis, traders can apply various filter combinations available within the platform. These filters allow traders to customize their search and obtain the specific results they need to empower their trading strategy.
+INSIGHTS provides traders with a wealth of information and data to expand their knowledge and make informed trading decisions. By uncovering trends and exploring the platform's features, traders can uncover valuable insights that may guide their trading approach. To learn more about +INSIGHTS, traders can refer to the Trader's Guide video provided by Plus500.
Trading Tools & Educational Resources
Education & Insights: Plus500 offers a range of educational resources to help traders enhance their knowledge and skills. Insights provide valuable market analysis and news to keep traders informed. The Trading Academy offers comprehensive educational materials, including how-to videos, an eBook, and an FAQ section, allowing traders to learn at their own pace and explore different topics.
Economic Calendar: Plus500 provides an economic calendar that displays important events, including data releases and economic indicators. Traders can view past, present, and upcoming events, along with expected impacts. The calendar is customizable and allows users to filter events based on instruments, countries, and timeframes, providing valuable information for trading decisions.
Risk Management Tools: Plus500 offers simple yet powerful risk management tools to help traders manage their risk. Features like 'Close at Profit' (Stop Limit) and 'Close at Loss' (Stop Loss) rates allow traders to set predefined levels at which their positions will be closed automatically. Additionally, the platform offers a Guaranteed Stop feature and Trailing Stop functionality to further control and protect trades.
News & Market Insights: Plus500 provides news and market insights to keep traders updated on important developments. This includes coverage of major events such as central bank meetings and their potential impact on the economy. The platform offers informative articles that analyze market trends and provide insights into specific instruments, helping traders make more informed trading decisions.
ESG Trading: Plus500 offers a user-friendly ESG scoring system that evaluates companies based on environmental, social, and governance factors. Traders can access a variety of CFDs on equities and exclusive ESG indices, allowing them to make more sustainable and responsible investment choices. The platform's ESG and Impact Index CFDs focus on areas such as global warming reduction, quality of life, poverty reduction, diversity and inclusion, and sustainable resources.
Pros and Cons
Customer Support
Users can reach out to Plus500's support team through various channels, including email and WhatsApp.
For email support, customers can send their inquiries or issues to the provided email address: support@ezinvest-sec.jp. The email support allows users to describe their concerns in detail and receive a written response from the support team. This method provides a way for users to seek assistance and clarification.
Additionally, Plus500 offers support through WhatsApp. Users can use this popular messaging platform to communicate with the support team and get real-time responses to their queries. By utilizing WhatsApp, customers can have a more interactive and immediate exchange with the support staff.
Conclusion
Plus500 is a regulated institution in Japan, holding a Retail Forex License issued by the Financial Services Agency (FSA). The company provides a range of market instruments, including currency pairs, indices, stocks, commodities, options, ETFs, and risers & fallers, allowing investors to trade and speculate on various financial assets. The platform offers different account types, including Demo and Real Money accounts, and a Professional Account option for eligible traders. Plus500's trading platform, +INSIGHTS, provides valuable insights and analysis based on real-time data from millions of customers. The company offers educational resources, risk management tools, and news updates to assist traders. Customer support is available through email and WhatsApp, providing users with channels to seek assistance and clarification. It is important for traders to carefully review the terms, leverage, fees, and available payment methods before opening an account with Plus500.
FAQs
Q: Is Plus500 a regulated institution？
A: Yes, Plus500JP証券株式会社 (Plus500JP Securities Co., Ltd.) is a regulated institution in Japan. It holds a Retail Forex License issued by the Financial Services Agency (FSA) of Japan.
Q: What are the market instruments available on the Plus500 platform？
A: Plus500 offers a wide range of market instruments for trading, including currency pairs (Forex), indices, stocks, commodities, options, ETFs, and risers & fallers.
Q: What are the different account types offered by Plus500？
A: Plus500 provides demo accounts for practice trading, real money accounts for trading with actual funds, and professional accounts for experienced traders who meet specific criteria.
Q: What is the leverage offered by Plus500？
A: Plus500 offers leverage up to 1:30, allowing traders to control larger positions in the market with a smaller amount of capital.
Q: What are the deposit and withdrawal methods available on Plus500？
A: Plus500 supports a range of global payment methods, including Visa, MasterCard, PayPal, bank transfer, Apple Pay, and Trustly, among others.
Q: What trading platforms does Plus500 offer？
A: Plus500 offers the +INSIGHTS trading platform, which provides valuable insights and analysis based on the activity of millions of Plus500 customers. The platform is accessible via WebTrader, iOS, and Android devices.
Q: What trading tools and educational resources are available on Plus500？
A: Plus500 offers educational resources such as Insights, Trading Academy, economic calendar, risk management tools, news and market insights, and ESG trading options.
Q: How can I contact Plus500's customer support？
A: You can contact Plus500's customer support team via email at support@ezinvest-sec.jp or through WhatsApp for real-time assistance.
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