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Plus500 review

A trader with a Plus500 account can trade CFDs on Forex, Stocks, Commodities , Options and Indices. Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any right to the underlying assets. Please consider our Disclosure documents available on our website. Serving over a million clients, Plus500 is one of the fastest and largest growing brokers in Europe and Asia. Unlike most of the leading Forex brokers around, Plus500 boast of an in house developed trading which clean cut and simple to operate for those looking for no frills trading.Plus500-Web-Trader

Please note that Plus500 does not accept U.S. clients. Therefore, if you are located in the United States, we suggest choosing another top rated broker.

Types of Trading Accounts

Plus500 offers two account options, consisting of a demo account, which has no time limit and can be opened free of charge, and a live account that requires a minimum deposit of $/£100. For forex is a maximum leverage is 1:294.

Trading Software

Plus500 offers a comprehensive and easy to use proprietary trading platform and technical analysis software for their clients. The trading platform allows the trader to trade in multiple markets from the same screen and provides real time quotes for all of its products.

In addition to forex, Plus500 clients can also trade commodities, stocks, indexes, ETFs and CFDs from the same trading platform, a significant advantage to using Plus500 as a broker.

Besides its ease of use, the main advantage of the Plus500 trading platform consists in an all inclusive trading screen with clearly labeled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting software is included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.

The Plus500 trading platform comes in three different versions: Stamp

  • Downloadable version
  • Web-based trading platform
  • Mobile trading platform

Deposits and Withdrawals

Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers/Skrill or through a wire transfer. The fastest way to begin trading is by depositing through a Visa or MasterCard. The customer just has to go to the Plus500 cashier screen and fill out their credit card details to begin trading immediately.

Funding an account through MoneyBookers/Skrill is just as easy. The customer must navigate to the "Funds Management" window in the trading platform, select the MoneyBookers/Skrill option, and enter the MoneyBookers/Skrill e-mail address. A new pop up window will open where the transfer can be confirmed.

Deposits made to Plus500 through a wire transfer are generally straightforward but take up to three days to show up in the account. For a wire transfer deposit, go to the "Funds Management" window, click on "Wire" and then click on the "Send me Wire Details" option. Plus500 will then email the customer with the wiring details.

The Plus500 email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer. The minimum deposit is £300.00, while the maximum deposit amount is £100,000.

Risk disclaimer: CFD trading involves substantial risk of loss and is not suitable for all traders. You may lose more than your initial investment * Your capital is at risk.

Commissions and Spreads

As in the industry standard, Plus500 do not charge any commissions on trades executed by them. They only charge limited spreads from as low as 2 pips for the trades they execute for their clients.

Customer Support

Plus500 offers support in multiple languages 24/7.

Conclusion

Plus500 is a user-friendly platform that will suit new traders. Tight spreads make it a competitive broker that will also impress those who have previous trading experience. They cater for those who wish to avail of a cleaner, simpler trading interface from a reputable service provider. This, coupled with their competitive sign-up offers, make them a broker worth considering. To re-iterate a previous point, this type of trading exposes the trader to a high level of risk. It will not suit all traders, but the money management and chart analysis tools available will make it easier to manage an account on Plus500.

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