In the above table, we 'went long' on a Bitcoin CFD, which means we bought $3,000 worth of Bitcoin. If the price of Bitcoin moves by 3.33%, this will generate a return of 100% on our deposit. If the price goes up (as we expected on a long trade), we can double our funds. If the price moves against our trade, we can lose our entire deposit.

Plus500 Is Trustworthy

Plus500 is a publicly listed company traded on the AIM section of the London Stock Exchange. This means that they are regulated as a listed company and must provide full disclosure as per the rules of the stock exchange.

Plus500 has set up several offices around the world, and holds the following licenses:

Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

Plus500UK Ltd authorized & regulated by the FCA (#509909).

Plus500CY Ltd authorized & regulated by CySEC (#250/14).

Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).

The anonymity of Bitcoin is an important part of the ideology of cryptocurrency. People don't want a governing body watching over their or controlling their transactions. Unfortunately this feature has also attracted people with dishonest intentions.

In the past we have seen many cases of 'bitcoin heists'. This occurs when hackers successfully attack exchanges or mining pools. They transfer Bitcoin owned by customers to external wallets. Once the Bitcoin is in an external wallet, only the people with the correct codes can access that Bitcoin. In other words the thieves now own the your Bitcoin

As Bitcoin is not backed a government, and at this time is not regulated, clients who have their Bitcoin stolen, have very little they can do legally. This is not the case with plus500. As a fully regulated broker, your trading funds with Plus500 are protected by the same laws and insurances that cover all investments in stocks, bonds, currencies and derivatives

Can You Make Money Trading Cryptocurrencies with Plus500

Like any leveraged investment, you can lose or make money fast with plus500 cryptocurrency CFDs. On August 18th 2017, with $100 on deposit, we decided to open a long trade on Bitcoin Cash. We saw that the price had just broken a record so we decided to bet that it would keep going up.

Luck was on our side, and the price of Bitcoin Cash did indeed continue to go up. As the price went up, we opened additional long trades. We were able to do this because your available funds with Plus500 are based on the money you have deposited and the current gain/loss of all open trades. We were extremely lucky and made over $300 on the day from our $100 deposit. A screenshot of our trades is shown below: