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Trade many different cryptocurrencies without a wallet with our CFD broker test winner Plus500 - 7 days a week.
Payment options
Pro
- Transparent and customer-friendly trading conditions
Mobile Trading - Traders can trade with leverage and 24/7 availability
- Comprehensive selection of tradable cryptocurrency CFDs
- Free and comprehensive demo account
Contra
- Limited selection of currencies
97%
5.0 out of 5.0 stars5.0
Sehr gut
Verified provider
Long-standing expertise
Transparent selection
Regulated platform
Is Plus500 well suited to invest in crypto CFDs? This question is certainly asked by numerous investors who want to trade digital currencies. Before you perform a Plus500 test, it is worth viewing the experiences of other users. In order to answer the most important questions about Plus50, we report on our Plus500 experiences in this review. What are the advantages and disadvantages of Plus500 – especially for the purchase/sale of cryptocurrency CFDs?
What is Plus500?
Plus500 is one of the oldest and best-known CFD brokers. Plus500 was founded in 2008 and therefore exists a little longer than the Bitcoin protocol. Plus500 Ltd. is located in Haifa, Israel. Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (License No. SD039).
Although numerous new CFD brokers have come onto the market in recent years, Plus500 is still one of the most popular providers in 2023 for speculating on cryptocurrencies, stocks and other assets.
Plus500 User Interface: Available via App and Website
Anyone who takes a first look at the website of the broker Plus500 will recognise a simple design. This is not meant negatively, but simply means that the homepage is extremely clear with only a few menu items and windows. It is extremely positive that both the website and the usable trading platform are available in over 32 languages, including German, Italian and French, which is certainly an advantage for Swiss traders.
A special feature is that the broker does not rely on the widespread MetaTrader software, but has opted for its own developed trading platform. However, this has numerous tools and features. The CFD platform exists in two variants with regard to access, namely as a WebTrader and as a trading platform that is available for download. In addition, Plus500 also offers its customers a mobile version that can be used via app on Android and iOS devices. In the overview, customers can therefore choose one of the following three, but of course also use all variants:
- WebTrader
- Trading platform via download
- Mobile version via Android or iOS app
By the way, if you want to register with the broker, you will find the button “Open account now” on the top right and can then enter some information that is already sufficient for registration.
Plus500 Security: is the CFD Broker Reputable?
With regard to regulation and security, the CFD broker Plus500 is definitely to be rated positively. First of all, the parent company, Plus500 Ltd., is based in Haifa, Israel. The offices in the United Kingdom, Australia, Singapore and Cyprus are subsidiaries.
Furthermore, Plus500 is authorised and regulated worldwide by the following institutions:
– Plus500UK Ltd authorised and regulated by the FCA (#509909).
– Plus500CY Ltd authorised and regulated by CySEC (#250/14).
– Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and the IE Singapore (#PLUS/CBL/2018).
– Plus500AU Pty Ltd (ACN 153301681), licensed by the
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; “Authorised Financial Services Provider” in South Africa, FSP #47546.
Further elements contribute to security, such as the encryption of all data (SSL security). In addition, it is the following facts that also lead to the fact that you can trust the broker Plus500:
- Listing of Plus500 Ltd. on the Main Market of the London Stock Exchange
- Client funds are kept separate in bank accounts
Plus500 Offer: Stocks, Commodities and Indices
Traders at Plus500 have the opportunity to trade over 30 crypto-CFD currency pairs via the broker. On the other hand, a large selection of underlying assets for CFD trading is provided, including:
- Shares
- Indices
- Raw materials
- Currencies
In total, there are over 2,000 underlying assets available for CFD trading, with shares accounting for the largest share with over 600 underlying assets.
Plus500 Cryptocurrencies: our Crypto Experiences
Plus500 is one of the CFD brokers where customers have been able to speculate on the price development of the most important cryptocurrencies for some time via CFD trading. The selection of underlying assets is particularly large at Plus500 and some particularly interesting digital currencies can also be traded via the corresponding Crypto-CFDs. Currently, customers can choose between the following digital currencies:
All these cryptocurrencies can be traded against the US dollar using Crypto-CFDs. The spreads are variable and depend on the type of investment. Very interesting for speculative investors is that Crypto-CFDs can be traded via Plus500 at a relatively high leverage for cryptocurrencies. The trading of Crypto-CFDs is already possible from 100 euros, so that with the inclusion of leverage, volumes of 2,000 euros can ultimately be traded with this minimum stake.
Fees: Transparent and Customer-Friendly
The broker Plus500 can collect another plus point within our review in the area of trading conditions. We would like to describe these as customer-friendly and, above all, transparent, as they are published on the broker’s website for every customer to view. The most important trading conditions are:
- Minimum deposit: 100 euros
- Switzerland: Maximum leverage: 300:1
- EU / UK / Countries under Australian regulation: Maximum leverage: 30:1
- Minimum transaction size varies: Each instrument has a defined unit amount
- Spreads Forex trading: very variable
- Further fees for: Overnight financing, currency conversion, guaranteed stop order and inactivity fee (more about this here)
The spread for cryptocurrencies is also very variable depending on the cryptocurrency. Above all, the spread for Bitcoin is very competitive and is significantly lower compared to other CFD brokers.
Customer Service Available in Numerous Languages
As mentioned at the beginning, the website and trading platform at the broker Plus500 are available in over 32 languages. The customer service can also distinguish itself in this regard, because there are also numerous employees who can be contacted in 16 languages. Most customer service staff speak at least English, but languages such as German and French can also be used. Plus500 customer service can be reached 24 hours a day, and you can choose between contacting them by email or live chat.
In addition, trading in cryptocurrencies is possible 7 days a week. Not all brokers offer this. It is important that, especially with shares, trading outside the regular trading hours of the stock exchanges can take a few hours until the trade is carried out.
Conclusion of our Plus500 Test
Our conclusion on the CFD broker Plus500 is consistently positive. In terms of security, traders do not have to worry in our opinion, because Plus500 is regulated and authorised by several financial supervisory authorities. The website is available in numerous languages, convinces with a simple design and high functionality. The customer service staff are easily accessible, the trading conditions are customer-friendly and, especially in CFD trading, traders will find a very large selection of over 2,000 underlying assets, with even five different cryptocurrencies being traded via the corresponding Crypto-CFDs. Nevertheless, Plus500 cannot be compared with a crypto exchange, as you cannot buy real cryptocurrencies.
Trade many different cryptocurrencies without a wallet with our CFD broker test winner Plus500 - 7 days a week.
Payment options
Pro
- Transparent and customer-friendly trading conditions
Mobile Trading - Traders can trade with leverage and 24/7 availability
- Comprehensive selection of tradable cryptocurrency CFDs
- Free and comprehensive demo account
Contra
- Limited selection of currencies
97%
5.0 out of 5.0 stars5.0
Sehr gut
Verified provider
Long-standing expertise
Transparent selection
Regulated platform
Remember that CFDs are leveraged products and can result in the loss of your entire capital. Trading CFDs may not be suitable. Please ensure that you fully understand the risks involved. Please refer to the Risk Disclosure Notice and User Agreement before using the Services.
