Plus500 Review

Overview

Plus500 broker provides its service through CFD, and as a UK based broker it is regulated by the FCA (Financial Conduct Authority) and ASIC. Plus500 has authorization in offerings trades in Stocks, CFD (Contracts for Difference), Commodities, Indices, and ETF (Exchange Traded Fund). With millions of clients worldwide, Plus500 broker is known to be among the largest and fastest prospering brokers in European and Asian countries. A major advantage of Plus500 is the available low spreads which start from only 2 pips.

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Details

Broker Plus500
Website URL http://www.plus500.com/
Free Demo Account Open Demo
US Traders Allowed No
Overall Score 3.5

Full Review

Plus500

Minimum Account Deposit: $100
Maximum Leverage: 50:1
Regulation:FCA, ASIC
Number of Currency Pairs: 51
Spread: 2.0 pips
Overnight Interest Rates
Pending Orders
Mobile Trading
Trailing Stop
Browser-based Platform

Average Rating 3.5

 

Company Details

Broker

Plus500

Website

http://www.plus500.com/

Headquartered, Founded

London, 2008

Regulation

FCA, ASIC

Account Information

Deposit Methods

Credit Card, PayPal, Wire, Moneybookers

Withdrawal Methods

Credit Card, PayPal, Wire, Moneybookers

Account

Features

Mini AccountDemo Available

Trading Information

Assets

Stocks, Metals, Gold, Oil, Indices, Commodities, CFDs, ETFs

Type

of

Platform

Trading Platform by Plus500

Languages

English, Arabic, Bulgarian, Chinese, Croatian, Czech, Hebrew, Danish, Dutch, Estonian, Japanese, Finnish, French, German, Hungarian, Italian, Korean, Latvian, Lithuanian, Norwegian, Malay, Polish, Greek

Trading

Features

Phone and Email Messaging, Charting, Trailing, Fills,Stops on Loss, Mobile and Web-based TradesCompatible with Windows, Web, MAC, Mobile, iPad, iPhone

Trading

Accounts

Only One Trading Account Offered

Trading

Advantages

Low Spreads
Financial Conduct Authority Regulation
Based in The United Kingdom
2 Pips Spreads
Free Sign-up Bonus
User-Friendly Platform
Marginal Level Is Small
Professional Charts
No Commission Charges
Vast Amount of Tradable Instruments
Profits Could Be Withdrawn Easily

Full Review

Plus500 Forex Broker Review

Plus500 broker provides its service through CFD, and as a UK based broker it is regulated by the FCA (Financial Conduct Authority) and ASIC. Plus500 has authorization in offerings trades in Stocks, CFD (Contracts for Difference), Commodities, Indices, and ETF (Exchange Traded Fund). With millions of clients worldwide, Plus500 broker is known to be among the largest and fastest prospering brokers in European and Asian countries. A major advantage of Plus500 is the available low spreads which start from only 2 pips.

Plus500 Broker Review

Trading Platforms

A notable Plus500 difference from other popular Forex brokers is that Plus500 offers only one trading platform to its clients. The platform is offered through 3 different versions:

Downloadable package
Web-based trading platform
Mobile trading platform

The platform systematically functions between all of the varying versions which makes changing between the versions easy and convenient. Although MetaTrader 4 is one of the notable trading softwares for Forex, Plus500 is yet able to acquire a sizeable market through its focus on no frills type of trading. Many of the traders enjoy trading without being subjected to overload of information. The trading platform simply provides all of the necessary informative tools for performing desired trade in just one screen. Furthermore, traders are not required to change from one window to another browsing for searched information. Undoubtedly, this feature is of a significant aid to traders new to trading in Forex.

Spread and Fees

Plus500 does not charge any commissions on executed by them trades. Instead, what is charged are limited spreads starting from as little as 2 pips for trades executed for their customers

Trading Accounts

Plus500 only offers one type of trading account. Yet, a €100 minimum deposit is required for traders to sign up with Plus500. But, a free unlimited demo account is provided to members who signed up to Plus500 to practice trading before dealing with real money. Not every major Forex broker offers an unlimited free trading demo account

Customer Service and Reliability

Plus500 provides Customer Support through an email system, which is available 24/7. Customer inquiries are usually answered within 30 minute timeframe.

To determine whether a Forex broker is reliable or not, it is essential to check the aspect of the broker’s regulation aspect. In such framework, it is apparent that the Plus500 broker is regulated by the FCA in London, UK. FCA is amongst the most respected and notable regulatory bodies of financial institutions in the United Kingdom as well as within the European Union.
To fund a live trading account, Plus500 offers multiple methods to deposit funds. Transferring of funds could be performed by Credit Card, Wire, and Moneybooker.

Concluding Remarks

A vast amount of Forex brokers today are still not regulated by proper financial authorities. Not to become victims of Forex-related scam sites which are plenty in numbers, traders are advised to open a live trading account with a trustful and adequately regulated Forex broker. Because of numerous positive comments were said about Plus500, this broker is recommended by BESTradingBrokers for those Forex traders who are searching for a reliable broker with low spreads starting from 2 pips, secure trading platform, and efficient customer support.

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Broker Performance
Reliability
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Payout Percentage
Customer Service
Average

 

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