Plus500 Review | Scam or Legit Broker?
Plus500 has been around since 2008 and they offer binary options to a range of different customers. Trading is simple with the web-based trading platform.
In the money can pay up to 95% return, and out of the money can give traders 10% return. This is one of Plus500 benefits.
They have grown a lot since their founding due to the many advantages they provide traders compared to other trading platforms.
You can find your way on the website easily and there are user-friendly menu tabs that you will enjoy using. There is a great looking FAQ section which has the answers to any of your trading related questions.
The Learn More link on top of the homepage is the chance for you to learn the most important binary options terms.
Go to the Trading Area to trade all the different assets that this broker has on offer. If you ever have the need, the My Account section has all your personal information which you can update whenever you want.
No. of Assets 10/10
Our team as impressed, as there is over 60 assets to trade on this platform. This includes the leading stocks, forex, indices and commodities.
Expiry Range of Options 7/10
There is a poor choice of expiries with just 1 hour and 1 day.
Effective Return 10/10
The effective return is impressive, because you can earn up to 95% if your option expires in the money. An out of the money outcome can pay up to 10%.
There is a choice of seven languages: English, Turkish, Spanish, German, French, Italian and Portuguese.
There are no fees with trading on this platform and the withdrawal via card is free. If you decide to withdraw money with wire this is $30 and check withdrawal is $20.
Loyalty Offers 10/10
The loyalty offers are top quality. For $500 you get $100 bonus and for $1000 you get $1000 bonus.
Payment Methods 8/10
Deposit to your account through Money Bookers, check, credit card and wire transfer.
Support Quality 8/10
The customer service team is quite helpful. You can get in contact with the team via live chat, email or by phone.
Website Extras 6/10
This broker gets low marks for website extras. The Past Expiries include data about the past expiry times and prices of underlying assets. The How To Start window on the homepage is something to look at.
The FAQ section is top grade, and you should take a detailed look at it if you are serious about trading binary options.
There are a few feeds providing you with market news and quotes which you ahold stay on top of. Apart, from all of this there is not many other features at Plus500.