Regulation: Financial Conduct Authority, ASIC in Austraila Accepts US Clients: No Min. Deposit: €100 Leverage:

Shares Up to 1:20

Forex Up to 1:200

Indices Up to 1:200

Commodities Up to 1:100

ETFs Up to 1:20

 Platforms: Plus500 Trading Platform  Overall Rating: 3.7 / 5   (Based on 41 User Reviews)
 

Plus500 Review

 

*Your capital may be at risk

Plus500 Video Review:

 

Visit Plus500′s Official Site

 

Plus500 is a CFD service, and  a UK based broker that is authorized and regulated by the Financial Conduct Authority (FCA), and also regulated in Australia by ASIC. Plus500 is authorized to offer trading in Contracts for Difference (CFD), Indices, Commodities, Stocks and Exchange Traded Fund (ETF). 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. In fact, one of the main key attractions about Plus500 is the low spreads that they offer to their clients (starting from 2 pips).

Trading Platform

Plus500 Broker Review

Plus500 Broker Review

 

Visit Plus500′s Official Site

 

Although extremely popular in Europe and Asia, Plus500 differs from the other leading Forex brokers in the sense that Plus500 offer just one trading platform to their clients. The platform is in-house developed and comes in 3 different versions:

  • As a downloadable package
  • As web-based trading platform
  • As a Mobile trading platform

The platform works seamlessly between all the different versions and thus making the switch from one version to another version effortless. Despite the fact that MetaTrader 4 is the leading trading software for Forex, Plus500 is still able to capture a sizeable market due to the fact that they focus on ‘no frills’ trading. Many traders prefer to trade without the headache of suffering from informational overload. The trading platform just provides the essential information needed for a trade in one screen. Traders don’t have to switch from one window to another searching for critical information. No doubt this is a great help to those who are new to Forex trading.

Types of Trading Accounts

As with the philosophy behind their trading platform, Plus500 offers just one type of trading account. However, a minimum deposit of 100 EUR is required for traders who want to sign up with Plus500. An unlimited free demo account is also provided to those who signed up with Plus500. An unlimited free demo account is actually quite a rarity even among the leading Forex brokers.

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 Service

Although Plus500 only provide Customer Support with email, it is available 24/7. Replies are normally answered within 30 minutes.

 

Visit Plus500′s Official Site

 

Reliability

When considering the reliability of a broker, one of the most important things is to check if they are regulated or not. In this respect, it is reassuring to see that Plus500 is regulated by the FCA in London. The FCA is one of the most important financial regulatory bodies not only in the City of London but also within the European Union (EU).

As for funding the trading account, Plus500 make things easy by providing several methods of depositing funds. Fund transfer can be done with major credit cards, wire transfer and money booker.  Paypal is not supported although one might suspect that this has to do with the high service fees charged by Paypal. 

Pros:

Some of the highlights of Plus500 include:

  • Clutter free interface for the trading platform
  • Competitive low fixed spreads
  • Easy withdrawal of profits
  • Large number of tradable instruments
  • Low minimum deposit required to open a trading account
  • Regulated by the FCA
  • User Friendly trading platform

 

Cons:

Although Plus500 do have many plus points going for it, it does have one major disadvantage notably the lack of Live Chat for their customer support. Live chat is the preferred mode of communicating with the customer support team if you want a quick interactive response.

Conclusion

With so many Forex brokers around today, it is quite surprising to see that many of them still do not attempt to get themselves regulated by the proper financial authorities. With the number of scam sites existing on the internet, it never hurts to deal with a broker that is properly regulated like Plus500. 

Ready to start trading with Plus500? Get your €25 no deposit bonus Here!

Plus500 User Reviews


very happy

easy to use early bonus’s paid out straight away I practised on the demo account first, have made a few small errors when buying and selling but so far its a learning curve and im well in profit easy to pay in and cash out. thanks use on my iphone 5 so always able to keep an eye on what rising or falling.



Pros:Easy to use

Cons: None

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

Plus500; one and a half years of experience

I joined after having terrible experiences elsewhere. I liked the demo and the real version is just like it. I’m enjoying and making money.  Those unregulated places drive me mad. Also, their platform is easy to understand and work with.



Pros:FSA regulated! Based in London Good trading platform and quick responses No commissions

Cons: No phone trading

Ease of Access
 
4
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
4.8
 

Plus500. Finally a broker, not a scam.

I refused to invest in a non-UK based company ever again. I had made a lot of money before but withdrawing it led to problems with bad brokers. Now I’ve been at Plus500 for a year and I’m regaining trust in the market through the broker. Flexibility in trading on the go is the most important factor to me, behind reliability that is.

 



Pros:London Based, FSA regulated Mobile Trading Web Trader

Cons: No phone trades Leverage 50:1

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
4
4.8
 

Free Bonus and nice people

I just joined the Plus500 community and I’m very happy. There was a free bonus and the customer support people are very nice. Best of all, the platform was by far the easiest I’ve ever found.



Pros:EUR/USD 2 pips FSA regulated Good spread and no commissions

Cons: No fundamental analysis No technical analysis

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
4
4.8
 

very easy to use platform

I started using it only few days ago but practised on demo for long time which is very good.Very easy and user friendly. Charts should be upgraded and must include mountain version. Must provide technical analysis and reserch and forcast for each stock.That is badly needed



Pros:very easy to use

Cons: Should provide mountain charts, tecnical analysis and stock research and news

Ease of Access
 
5
Platform Performance
 
4
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
4.8
 
See all 41 user reviews

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