Plus500 Review

Overview

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

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Details

BrokerPlus500
Website URLwww.plus500.com
Founded2008
LanguagesRussian, English, Portuguese, Spanish, Thai, Indonesian, Turkish
Minimum 1st Deposit100$ (100€)
Leverage1:30
Spreadfrom 0.1 points
Free Demo Account Open Demo
Regulated Yes
RegulationFinancial Conduct Authority (FRN 509909)
Deposit MethodsCredit/debit card (Visa/MasterCard), PayPal, Skrill (Moneybookers), bank transfer
Withdrawal MethodsCredit/debit card (Visa/MasterCard), PayPal, Skrill (Moneybookers), bank transfer
Number of Assets1000+
Types of AssetsIndices, Commodities, Currency Pairs, Stocks, Forex, ETF, CFD
Account CurrencyUSD, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score9.5/10

Full Review

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 – is a respectable brokerage firm for trading CFDs on the Forex market. It is registered in the UK as a public company. Trading services provided by Plus500 are ideal for experienced traders. For newcomers, there is the possibility to open an unlimited demo account to broaden your knowledge about the exciting Forex market and trading practice without any risk to yourself. Advanced traders pick Plus500 for the simple reason that their trading platform allows you to trade CFDs on basically any financial instrument, including currency, indices, shares, commodities, ETFs, and options.

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

 

Features

This brokerage firm allows the client, with the help of the Plus500 terminal, trade on Forex via a downloadable application, as well as a web-based terminal running through a web browser. Both types of terminals allow you to run 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 quick and convenient access to trading operations for Plus500 users. Another version of the program, the Plus500 Web terminal, works with all devices with 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!

 

Deposits and withdrawals

The Plus500 broker accepts the following methods of payment: credit cards (mastercard, Visa, and Amex), bank transfer, and 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: 1:300,
  • 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 Plus500

The user reviews and the company’s reputation are the main goals for this broker to maintain good ratings. So, to put it briefly, we were pleased with the good standing that this brokerage firm maintains.

If we find complaints about Plus500, we will post it on social media. Follow us to be well informed:

 

Regulator

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

 

Conclusion

The Plus500 trading terminal is an excellent choice for trading in the Forex market. It features a few valuable things such as a demo account, letting you to hone the skills of trading for an unlimited time, risk-free. In addition to this, you must start with at least 25 euros when you open a trading account. Later, when you are ready to move to trading in large volumes, you can deposit a larger amount. The Plus500 broker is particularly attractive because of the availability of a web terminal, allowing access to the trading session with mobile devices based on Android and iOS. An extensive set of trading instruments and good customer service makes this broker a great choice when it is time to find a reliable trading firm.

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Reviews

  • http://twitter.com/Elexonic Elexonic

    plus500 is a scam! there are a lot of complaints

iq

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