Plus500 Review

Plus500
Plus500
Get €25 to start trading. T&Cs Apply
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Overview

Plus500 UK LTD is authorised and regulated by the Financial Conduct Authority. With Plus500 you can trade Contracts for Difference (CFD) only ! Your capital is at risk !

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Details

Broker Plus500
Website URL www.plus500.com
Founded 2008
Support Types support@plus500.com
Languages Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Norwegian, Polis
Trading Platform Plus500 Trading Platform
Minimum 1st Deposit €100
Bonus Get €25 to start trading. T&Cs Apply
Leverage 1:294
Spread 2 pips
Free Demo Account Yes
Regulated Yes
Regulation Plus500UK LTD is authorised and regulated by the Financial Conduct Authority. Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission. Plus500 AU LTD is regulated by Australian Securities and investments Commission - Australia only.
Deposit Methods Credit Cards, Money bookers, Wire Transfer, PayPal
Withdrawal Methods Credit Cards, Money bookers, Wire Transfer, PayPal
US Traders Allowed No
Overall Score 5.0

Screenshots

Screenshot 1 Screenshot 2

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Plus500 History and Background

Plus500 serves as an online broker providing services to the ones primarily interested in the forex market. Its main offices are located in the United Kingdom, Sydney, Australia and Limassol, Cyprus. But the firm also falls under the necessary authorization and regulation of the  Financial Conduct Authority (FCA). The firm is registered under the
Plus500 UK Ltd (registration #07024970). The FCA registration number of the company is ISD #509909.

At the moment, U.S. clients are not accepted.

Your capital is at risk

Types Of Accounts

Plus500 provides its customers with two different account options, featuring a demo account, which does not have any time limit and may be opened without the charging of any fees, as well as a live account with a minimum deposit requirement for USD 100.All newcomers are offered a €25 bonus, validate phone to qualify for bonus, and specified minimum volume of trading prior to being able to withdraw it. T&Cs apply/ general bonus requirements apply. Plus500 also offer a deposit bonus, deposit from €100 to €50,000 and receive bonuses from €30 to €7,000, after specified minimum volume of trading. T&Cs apply/ general bonus requirements apply.Forex account leverage levels are at a maximum of 50:1. Trading operations centering on margin come with a high dose of risk and may not be suitable for all types of traders. The leverage’s elevated degree can contribute for positive as well as negative effects.

Trading Software

Plus500 provides you with an easy-to-use and intuitive proprietary trading platform along with technical analysis software. It allows you to trade in a number of markets from the same screen and gives you real time quotes regarding all of its products.

Along with forex, users of the platform can embark in trading commodities, indexes, stocks, CFDs from the very same trading platform, which is a significant advantage over other brokers.

The Plus500 trading platform’s main advantage is its all inclusive trading screen which has clearly labeled tabs on top in order to for one to check out information regarding past trades as well as current positions. Although charting software is featured alongside the trading platform, charts appear individually, due to the fact that the software doesn’t allow for multiple graphics to be displayed on the same screen.

The platform is available in three versions: a downloadable version, that you can copy to your laptop or desktop PC; a web-based version, which you can easily access via the Internet and from any computer device you choose; and a mobile version you can use on your tablet or cell phone.

Deposits and Withdrawals

Plus500 allows you to fund you account via the use of a MasterCard or Visa credit card, MoneyBookers or via a wire transfer. In order to begin trading as quickly as possible it is advisable for you to carry out deposits via Visa or MasterCard. You simply have to go to the Plus500 cashier screen and submit your credit card details and you will be ready to go.

Funding your account via Moneybookers is also quite easy. You must go to the Funds and Management section, then select the Moneybookers option and enter your Moneybookers e-mail. Then you will be faced with a pop-up window for you to confirm the transfer.

Making deposits via wire transfer is typically a straightforward procedure but may require for you to wait three days while the data is being processed. In order to conduct a wire transfer deposit, check the Funds Management window, then click on the Wire button and on the Send Me Wire Details one. The platform will then automatically e-mail you the wiring details.

The e-mail is going to provide you with all of the necessary details regarding the wiring procedures to the company’s bank and also features a minimum and a maximum deposit amount. The minimum deposit for wire transfers is USD 300 and the maximum is USD 100,000. For first deposit and no depost T&Cs apply !

The required info can be sent to the company via e-mail or via the upload of a pdf, jpeg, tif or doc type file with the platform’s upload function. It typically takes 24 hours for the files to be properly reviewed. If a customer is unable to scan the document, he/or she can photograph the ID via the use of a digital camera or mobile device.

Customer Support

Plus500 provides traders with e-mail support in a number of languages on a 24/7 basis but it does not offer any form of online chat or phone support which can turn out to be quite a disadvantage if the client is to lose internet service or his/or hers computer crashes while conducting trading operations.

Safety

Plus500 UK LTD is authorised and regulated by the Financial Conduct Authority.
Plus500 is suitable for experienced traders and not beginners.  Your capital is at risk

Conclusion

This platform is a good option for traders outside the U.S. given its easy-to-use interface and Stamp Examplemulti asset trading capabilities. New customers may take their time using the free demo version for an unlimited time period, while pros can rip the benefits of the tight dealing spreads and generous bonuses that are offered with the initial funding of their account. The Plus500 trading platform also provides traders with the option of integrating their trades in other various financial markets on one screen. Simply put, Plus500 is a proper choice for an online broker.

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