80/100
Rating
Plus500 Crypto
*****
Go to Plus500 Crypto
Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available

Crypto Trading Plus500 Review New Zealand 2021

Plus500 LTD is a UK FTSE 250 company. It is listed on the London Stock Market and trades internationally. It operates in Australia and New Zealand through the subsidiary Plus500AU Pty Ltd, offering Contracts for Difference (CFDs). Plus500 delivers and executes financial transactions on behalf of you, the client. With over 2000 instruments, it specialises in trading different assets including forex, commodities, shares and cryptocurrencies.

Since Plus500 is available to use in New Zealand, we conducted this Plus500 review 2021 to determine if they deliver a reliable and innovative service they claim. Our review found that this is a simplistic and intuitive platform. Whether you want to use Plus500 crypto trading or trade another asset, this platform gives a disclaimer that there is a risk of losing your capital due to the volatility of CFDs. But it can also be lucrative and support financial freedom.

plus500 broker
Pros & Cons of Plus500
  • Easy to use tools
  • 24/7 online support team
  • No commissions
  • Massive range of markets
  • Could do with some more educational tools

Security, Usability, Look & Feel - Our Plus500 review of security

To our knowledge, Plus500 has never experienced a major or minor security breach in its existence. We tried out the different lighting settings in our Plus500 review. It has a light/day mode and a dark/night mode.

The layout of Plus500 is landscape on the computer. The instruments are at the top of the page, the menu is on the left-hand side, and at the bottom, we see the charts for the instrument you click. We looked at the layout of Plus500 on a mobile device, and you have the option to use it as portrait or landscape if you want to zoom in on the charts.

80/100
Rating
Plus500 Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available
Go to Plus500

There is excellent usability when trading Plus500 Crypto. The instruments are put into different categories, which can be found to the left of the screen on the computer—making it easier for you to navigate between assets and find what you want to trade. Plus500 is a user-friendly platform with good visibility of information throughout the site.

Its performance is slightly slower on a mobile device than the computer, as we noticed trying to switch from a demo account to the real money account. But the demo account is free to use if you need to trial a trade before using your funds.

How To Trade – Our tips for trading at Plus500

To open an account, you choose an email address and password and fill in your details.

Plus500 will need proof of your identity and bank details to withdraw or deposit funds. Once verified, you can manage your funds by choosing the payment method like PayPal or bank transfer. You can search and choose which instrument you wish to trade or select it from the drop down list to open a position.

If you want to, you can add the instruments to a favourite list by clicking on the ‘star’, so it is easy to find for next time. You can look at the chart for each instrument to check and monitor its past performance.  You can click on the bell and create alerts to be notified on price and percentage changes also.

There are two options, ‘Buy’ or ‘Sell’ for each instrument that you should click on to change your position’s size – so how much of your funds you want to use to trade that instrument.

Plus500 does not actually buy or sell the asset but trades with Contracts for Difference (CFDs). You can include ‘Stop Orders’ to close the position when a certain profit or loss is reached, or a ‘Guaranteed Stop’ to insure the potential loss is stopped at an absolute limit.

There is also the option to choose to buy when the rates are at a specific price. Once that is done, you click ‘Buy’ and view your position on the ‘Open Positions’ tab.

You can edit your position and when you want to finish that trade, click the ‘Close’ option.

Company
CompanyPlus500 Ltd
HeadquarterArch. Makarios III Avenue ,Cedars Oasis Tower, Floor 1 ,3027 Limassol ,Cyprus
Year of Founding2008
CEODavid Zruia
Web Sitewww.plus500.com
Available LanguagesGerman, French, English, Italian, Spanish, Russian, Polish, Dutch, Swedish, Portugese, Norwegian
Customer SupportLive Chat, Email Support
Email[email protected]
Phone+972-4-824-1220
Licence
CySEC - Cyprus Securities and Exchange Commission
Verified by-
Payment Methods
PayPal
Klarna
Credit Card
Bank Transfer
Skrill
Giropay
+
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Payments - Deposit options at Plus500 New Zealand

We took a closer look at Plus500 New Zealand’s payment methods and found zero deposit fees. If you want to deposit your funds, you can do this through several methods including PayPal, a debit/ credit card, Apple Pay, electronic wallets, or bank transfer.

The funds are almost immediately transferred into your Plus500 account, so you can start trading straight away. A minimum deposit is NZD 100 for debit/credit cards and PayPal. When withdrawing your funds, you can do this through PayPal or Bank Transfer.

PayPal
Klarna
Credit Card
Bank Transfer
Skrill
+ 2

Plus500 does not charge a withdrawal fee unless you withdraw your funds more than the maximum monthly amount of five times.  The time it takes to receive this money varies, but through PayPal, we tested it, and it took us less than 24 hours. For a bank transfer, it took 2-3 days. We recommend PayPal if you want your funds withdrawn quicker.

Customer Service - Excellent support available 24/7

We researched customer service in our Plus500 review and discovered an incredibly supportive service. Although there is no phone support, their online service is available 24/7, not the case for other trading platforms like FPMarkets crypto who only offer 24/5 online support.

It is free to contact the customer service team. Plus500 is available in several languages, so that allows more client support internationally. You can contact their customer service via the ‘Contact Us’ section. It has two options, either the contact form where you can fill out your details to email Plus500, or live chat.

Plus500 are quick to respond in the live chat and usually get back to you via email within one hour, with relevant answers. Again this is a lot faster compared to other brokers. We think Plus500 is efficient and holds a high standard in customer service, as shown in this Plus500 New Zealand review.

License & Security - A fully licensed and regulated broker

We wanted to know if Plus500 is safe to use and found that it is licenced by the ASIC (AFSL #417727), Financial Markets Authority (FSP #486926), and FSCA (FSP #486026).

The subsidiary in New Zealand is called Plus500AU Pty Ltd.

CySEC - Cyprus Securities and Exchange Commission
FCA - Financial Conduct Authority
ASIC - Australian Securities and Investments Commission
FMA - Financial Markets Authority
FSCA - South African Financial Sector Conduct Authority
+ 2

Plus500 is mostly owned by large investment banks as of September 2020, including JP Morgan. Plus500 will not let you start trading if you are a minor. Your personal details will need to be verified to use the site, including your identity and bank information.

We know Plus500 safeguards the clients’ personal information through an SSL encryption in both the computer and mobile phone platforms. Plus500 uses an SSL security sign, a lock symbol next to the browser search bar while operating through Plus500. If you click on the lock symbol, it will show you the certification the site uses, which is by DigiCert. (DigiCert SHA2 Extended Validation Server CA).

Reputation and Customer Feedback – Excellent reviews from Plus500 customers

We searched through several review websites to gather customer feedback for our Plus500 review 2021.

The majority of Plus500 reviews were excellent. There was an emphasis on the efficiency of the website from the customer service to the actual interface.

Customers liked how simple to use Plus500 is, whether you are a beginner at CFD trading or not, it is fully adaptable to your level.

Plus500 crypto reviews were also positive as the customers like how competitive the rates are to trade cryptocurrencies and how easily accessible they are.

Although some clients wish the process of withdrawing funds were quicker, Plus500 is exceptionally reliable.

Plus500 Crypto

Cryptocurrencies - What’s available at Plus500?

Cryptocurrencies are digital or virtual currencies that use a decentralised network to carry out financial transactions. They are based on a blockchain system, a specific type of database storing information while maintaining the integrity and security of the transactional data. It is the essential component in a cryptocurrency.

We found that cryptocurrencies are impenetrable to government manipulation or interference. Various encryption algorithms safeguard your financial data, and Plus500 New Zealand reinforces that security on their platform.

80/100
Rating
Plus500 Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available
Go to Plus500

You can trade crypto on Plus500 with several cryptocurrencies. These include Bitcoin, Ethereum, Ethereum/Bitcoin, Litecoin, Crypto 10 Index, Neo, IOTA, Stellar, EOS, Bitcoin Cash ABC, Cardano, Ripple XRP, Tron and Monero. The most popular being Bitcoin. Bitcoin was the first cryptocurrency released, back in 2008. It remains the most valuable, despite the thousands of other cryptocurrencies that followed.

Plus500 crypto trading allows the consumer to watch and monitor the cryptocurrencies’ price movements without owning them. Due to the nature of the platform, we found out Plus500 operates online and cannot give you a physical copy of what you are trading. Either in crypto trading or other assets. Plus500 crypto New Zealand is now a popular choice for traders on all levels.

Fees - Associated fees at Plus500 New Zealand

Plus500 New Zealand offers most of its service free of charge. They do not charge deposit fees and guarantee you will not have to pay to open or close a trade or roll your position.

In comparison to other trading websites like XTB crypto, Plus500 fees are low.

We researched the additional fees for this Plus500 review New Zealand here:

  • Withdrawal fees: Suppose you exceed the maximum number of monthly withdrawals (five). Or, if the payment method you are using, is with a currency that is not supported on Plus500.
  • Overnight Funding: If you are holding a position overnight, an amount can be added or subtracted to your account.
  • Inactivity fee: If you do not log on to your account for three months.
  • Currency conversion fee: Is added if you trade on instruments in a different currency to the one in your account.
  • Guaranteed Stop Order: Which helps you manage the level to stop your trading if you are at a loss.

Jurisdictions and Limits - Limits at Plus500

Plus500AU Pty Ltd operates in Australia, New Zealand, and South Africa. It is licenced by the ASIC (AFSL #417727), Financial Markets Authority (FSP #486926), and FSCA (FSP #486026).

Following the relevant regulatory requirements, Plus500 New Zealand holds the clients’ money in segregated, secure accounts. Meaning they do not use the client money for other purposes like hedging. Plus500 New Zealand uses its own funds for this.

80/100
Rating
Plus500 Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available
Go to Plus500

They also do not use the clients’ funds for any investments or business purposes.

Plus500 New Zealand does not initiate speculative positions in the market. Meaning they will not try and make your trade on a more likely position to lose a significant amount of money.

If under any circumstances Plus500 New Zealand were to go into liquidation, the clients’ deposits are held for you in a segregated trust account. With the legal protection over those funds.

Other Trading - Not just cryptocurrency at Plus500

In addition to Plus500 crypto, this broker trades other assets. These include forex, shares, stocks, and commodities. There are more than 2000 instruments for you to choose from that use CFDs. Some commodities include Oil, Brent Oil, Gold, Silver and Cocoa.

If you wanted to trade stocks, you could do so whenever the relevant stock exchange is open like in London, New York, or Hong Kong, for example.

Trading forex is also quite popular in New Zealand as we discovered in our Plus500 review. It is open 24/7, allowing you the client to have the flexibility to trade during the day or night, giving you more opportunities to make money.

It is a highly volatile market which includes EUR/USD, EUR/GBP, EUR/AUD, and AUD/USD. The more volatile the market, the more chances to buy and or sell the assets you have. In addition to Plus500 crypto trading, when trading other assets, the more movement the market has, the better it is for your capital.

These assets are also highly accessible. The bonus of trading online is the ability to choose from several instruments, and if you are new to the platform, you can always try a demo account provided by Plus500.

80/100
Rating
Plus500 Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available
Go to Plus500

Overall Conclusion - One of the best brokers for crypto and more!

We recommend Plus500 as a good CFD trading platform. From the points outlined in this Plus500 review 2021, we believe this broker is extremely reliable.

We mentioned the volatility of trading CFDs and the risk of losing your capital on Plus500, but this broker reassures its clients it does not initiate speculative positions.

You have the option to trade many assets, ranging from cryptocurrencies to shares, to commodities or forex. These assets are in high demand and always moving on the market, so the client’s opportunities are greater.

When we researched specifically into the Plus500 crypto review, we recognised the popularity of Plus500 bitcoin. Among the other cryptocurrencies, Bitcoin has a lot of attention on the market and a reason for Plus500 being as profitable as it is.

Although there is a limited amount of research and educational features on the platform, Plus500 is easy to use and worth trying.

80/100
Rating
Plus500 Crypto
*****
Go to Plus500 Crypto
Highlights
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available

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