Plus500 Review

Overview

Plus500 – is a respectable brokerage firm in the CFD market. Plus500 UK LTD is registered in UK as a public company. Your capital is at risk

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Details

Broker Plus500
Website URL www.plus500.com
Free Demo Account Open Demo
US Traders Allowed No
Overall Score 9.5/10

Full Review

Plus500 – is a respectable brokerage firm for trading CFDs on the Forex market, which is registered in UK as a public company. Trading services, provided by Plus500 are ideal for experienced traders. For newcomers, there is a possibility to open a unlimited demo account to broad the knowledge about the exciting Forex market and trading practice without any risk to themselves. The advanced traders pick Plus500, for a simple reason that their trading platform allows you to trade CFDs on basically any financial instrument, including currency, indices, shares, commodities, ETFs and options. For new customers, the company gives a 30% bonus (T&Cs apply) with your first deposit and a wonderful start of your career as a trader in the CFD market.

Risk warning: Your capital is at risk

 

Features

This brokerage firm lets the client with a help of Plus500 terminal to trade on Forex via downloadable application, as well as a web-based terminal running through a web browser. Both types of terminals allow you to put the following types of applications:

  • Limit entry order
  • Stop Loss order
  • Stop limit order
  • Trailing Stop
  • Buying and selling at market prices

A free version of the program runs on Windows and does not require installation on the user’s computer. The program is available free of charge and gives a quick and convenient access to trading operations for Plus500 users. Another version of the program, the Plus500 Web terminal, works with all devices with an Internet access. It is supported by and works across browsers, such as Internet Explorer, Safari, Chrome, Firefox and others. The web terminal does not require separate installation procedures and runs in the browser. The terminal is also available on mobile devices, such as smart phones and tablets. Because of this, Forex trading can be done from virtually anywhere!

 

Bonuses

Plus500 is one of the few brokers that provides bonus (25 euros) without making a deposit. This means that you simply can start trading for real money without using personal capital. 25 euros is charged automatically at time of the account opening at Plus500. A loyalty program at Plus500 also allows a bonus when making your first deposit for new customers. The bonus will depend on the amount of your initial deposit (minimum trading is required for withdrawal). You can combine your deposit bonus and a bonus when opening an account (€ 25), but this will need to be acquainted with the bonus program.

T&Cs apply

 

Deposits and withdrawals

The Plus500 brokers accepts the following methods of payment: credit cards (MasterCard, Visa and Amex), bank transfer, Money Bookers. The minimum deposit is only 100 euros. The minimum sum of funds withdrawn from accounts at Plus500 depends on the selected transfer method and consists of popular payment methods, including bank cards and bank wire options.

 

Trading conditions on Plus500

  • Maximum Leverage: 1:294
  • Minimum margin: 1.0%
  • The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
  • Available currency pairs: 59
  • CFD: Yes
  • ETF: Yes (includes funds Shares CAC, iShares FTSE, EU50, iShares Japan)
  • Commodities / Resources: Yes (includes gold, natural gas, oil)
  • Stock Indexes: Yes (includes indexes in North America, Japan, Germany, UK)
  • Securities: Yes (including Deutsche Bank, Novartis, Telefonica and many others)

 

Complaints about Plus 500

The user reviews, and the company’s reputation are the main goals for this broker to keep on good ratings. Searching online for the info on this broker, we could not find any significant negativity related to Plus500, except for a few really nonsense reviews that were apparently from the competitors of theirs. So, to say briefly, we were pleased with a good standing that this brokerage firm holds and we have noticed that.

 

Regulator

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

 

Conclusion

Plus500 trading terminal is an excellent choice for trading in the Forex market. It features a few valuable things as a demo account, letting you to hone the skills of trading for an unlimited time, risk-free. In addition to this, you get to start from 25 euros at the opening of the trading account. Later, whenever you make a deposit, or perhaps you are ready to move to trading on large volumes, you can always use the deposit bonus, that can be up to 7000 euros. The Plus500 broker is particularly attractive for the availability of a web terminal, allowing access to the trading session with mobile devices based on Android and OS. Extensive set of trading instruments and good customer service makes this broker as a great choice when it is time to find a reliable trading firm.

Your capital is at risk

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