Plus500 Broker Review 95

 

Plus500 is a CFD broker offering online trading services in Indices, Forex, Commodities, Crypto, Shares, Options and ETFs. .They’re offering a generous bonus (T&Cs apply)  for first-time deposits and a demo account with no time limit, Plus500 is a top-tier trading platform.

Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). The company offers viable spreads and provides leverage up to 300:1. The good thing is that the initial deposit is as low as $100 in order to get started. A range of payment methods is available at Plus500, which include credit cards, debit cards, Skrill, Neteller, Bank Wire etc. All you need is setting up an account with the company, providing all the essential compliance documents. Traders can get started right away once the verification process is done. Plus500 offers online trading in more than 50 forex pairs.
The company offers tight spreads on Indices, Forex, Commodities, Crypto, Shares, Options and ETFs!
Leverage of up to 300:1 is available for Forex, and with just a small, $5,000 funded account, traders can open large, $100,000 positions on various shares.
Plus 500 offers a demo account for traders. New strategies can be practiced by traders, using the virtual balance offered by the broker in demo account. This eliminates the risk of losing any real money for the novice traders.

Plus500 is fully regulated by the Financial Conduct Authority (FCA). It has also been authorized by other regulatory bodies including Cyprus Securities and Exchange Commission, (CySEC) Plus500 Ltd. is listed on the AIM section of the London Stock Exchange (PLUS.L) Please note that Plus500 does not accept traders from the US, therefore traders residing in the US are advised to look for another reliable broker.

Assets

Plus500 offers traders to trade CFDs on shares, currencies, metals, commodities and indices.

Shares: Plus500 offers traders to trade stocks from 20 different countries, offering low spread between the purchase and selling prices.
Forex: Plus500 offers you to trade on the FX market by providing you with a leverage of 300:1, allowing you to start trading for as low as $100 in order to realize the benefit of 30,000 capital.
Indices: Plus500 assists you in trading indices offering you a leverage of 300:1 by providing continuous real-time updated graphs that provide long-term analysis of exchange rates.
Commodities: In trading commodities, you can define your profit/loss limits well in advance and your position will be closed when certain values are reached.

Trading platforms

Plus500 offers two versions of trading platforms; a web-based version that can be accessed using any computer connected to the Internet, App version for Windows, androids, iOS.

 

WebTrader

Another trading platform offered by Plus500 is the web-based version. Traders are not required to download or install it onto their PCs; instead they can use it online. This application allows traders to execute trades online.

 

Mobile platform

In addition to the aforementioned platforms, the broker also offers a mobile app platform for on-the-go traders. With the Plus500 mobile trading platform, traders can log into their account, place some new trades, view their running trades and close them using a relatively low-level technical analysis.

Deposits/Withdrawals

The company keeps the funds of all clients in segregated accounts to ensure maximum protection. Plus500 offers a range of modes for deposits and withdrawals that includes credit/debit cards (Visa, MasterCard), wire transfer, web money and local payment methods.
To withdraw funds, traders need to log into their account. They can simply click the withdrawal button; the funds get transferred to their associated bank account once processed by the system.

Account Types

Plus500 offers two types of accounts, an unlimited demo account and a live account. Traders can open a demo account for free and for unlimited time to get their hands on. However opening a live account requires a minimum deposit of $100. And the best part is that you have this entire amount reflected in your account right away and is available to use for placing trades.

Promotions and Offers

Plus500 offers customers a 20£ Welcome bonus (T&Cs apply) on opening an account. The company also offers First Depost Bonus – up to 6000£ ( T&Cs apply) for initial funding. On forex accounts, Plus500 offers a leverage of 1:300.
Trading foreign exchange on margin possesses a high-risk level and it may not be suitable for all types of investors. The high degree of leverage may result in negative or positive outcomes.

Customer Support

Customer support is an important part of any organization dealing with the public. Plus500 offers the best customer support to traders. Traders can contact them 24/7 Mon- Sun. Well-behaved, sophisticated staff are available to assist you via live chat. The company however does not offer telephonic contact but traders can contact them sending emails to support@plus500.com. Traders can also reach them using an online form.

Conclusion

We investigated and reviewed Plus500 thoroughly and found that Plus500 is one of the best choices in regards to  CFD trading. The company Offers great customer support, attractive leverage, tight spreads, a demo account and  20£ promotional ( T&Cs apply ) top up all of which make the company stand out from the crowd.