Plus500
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- Reviews (23)
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4.5
23 reviews
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This product has not been claimed by the company yet.
Summary
Plus500 Online Brokerage Review 2021
Plus500SG, a subsidiary of Plus500 Ltd, is a Contract For Difference (CFDs) focused online brokerage. With Plus500SG you can trade Shares, Forex, Indices, Commodities and Options via CFDs.
Popular Products
Plus500
None
MINIMUM FEE
Market Spread
TRADING FEES
Market Maker
STOCK HOLDING TYPE
Plus500
None
MINIMUM FEE
Market Spread
TRADING FEES
Market Maker
STOCK HOLDING TYPE
Reviews (23)
4.5
23 Reviews
5
19
4
1
3
0
2
1
1
2
Service Rating
Customer Support
4.6
User Experience
4.5
Most HelpfulMost RecentLow to HighHigh to Low
- Although the company had been claiming they do not charge deposit or withdrawal fees, i realized there were numerous occasions esp for big amounts, they charge 1% on my deposit and withdrawals. They capped withdrawal limit to $100k and took longer than usual to return the proceeds. Their bid offer for most if not all of their products are wider than other platforms like Saxo or IG which I am using. Customer services are almost non existent and they merely just forward your msges to payment/financial department who don’t bother to explain or investigate when there are issues/errors from plus500. I will seriously recommend you to give this provider a miss especially if you are trading big volume. My worst experience with any brokers over past 15 years!
0
What are your thoughts? - Posted 20 Oct 2021
Purchased
Plus500
I am currently trading with CFDs and definitely would recommend to a friend! The platform is easy-to-undefstand and if you are not familiar with it, you can practice on it with the unlimited Demo account. You are able to change to Real account anytime you want and also switch between the two accounts. The customer support is high level, it provides fast replies via Chat, Email and WhatsApp as well. However, if you’d like to call you won’t be able to. But they are very competent and they always resolve my issues. There are more that 2 thousand asset available for us to choose from which are devided in different categories - Forex, Shares, Indices, Commodities, Options, ETFs and Crypto. And they are traded via CFDs which allows me to speculate if the price will go up or down. Overall, my experience is incredible!0
What are your thoughts? - I highly recommend it! When I was just starting to trade with CFDs, the demo on Plus500 turned really useful. It's unlimited, so you could lose there as much as you want while testing the soil. And whenever I didn't understand anything, the support was always quick to explain. Now I'm a bit more comfortable in my trading habits and so used to the Plus500 platform, I can't think of changing it.
0
What are your thoughts? - Very good experience! Big variety of products to trade. Customer support have also been fantastic throughout, and they seem knowledgeable about the workings of the site and also have a grasp of trading concepts so they are definitely there to help when you need them.
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Popular Products
Types of Products Plus500 SG provides
You can trade the following through Plus500 Singapore:
- Shares
- Forex
- Indices
- Cryptocurrencies
- Options
- Leveraged Exchange-Traded Funds (ETFs)
Types of Services Plus500 SG provides
- Simple and intuitive platform, which allows customers to trade on a large variety of instruments
- Economic Calendar tool to view upcoming market events – including national interest rates, inflation levels, trade balances, oil and natural gas stockpiles etc
- Transparent and competitive pricing - no hidden fees and most of their services are free of charge.
- 24 hour trading and customer service support
- Real time alerts via email, SMS and push notifications
- Risk Management support through options like stop loss, guaranteed stop and trailing stop.
Brokerage fees and charges of Plus500 SG
- Plus500 is compensated for its services through the Buy/Sell (Bid/Ask) spread
- Opening your position essentially pays the spread.
- This spread is incorporated into the Plus500 quoted rates and is not an additional charge or fee payable by you above the quoted rates.
- e.g. trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which means a market spread of 0.6 pips)
- More on Plus 500 Singapore's fees and pricing on their website
For more info, you can check out Seedly’s Ultimate Cheatsheet for Cheapest Stock Trading/ Brokerage House in Singapore!
Contact Plus500 Singapore
- Reach out to Plus500 via Online Chat, Telephone, Whatsapp or their Contact Form
- Tel:+65 31389075
- Address: Plus500SG Pte Ltd, 1 Temasek Avenue, Millenia Tower #18-07, Singapore 039192
Contact us at [email protected]should you require any assistance or spot any inaccuracies.
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