Brokers

Plus500 Video Review

Plus500.com is an international online CFD broker In the UK, the brand operates under the holding company of Plus500 UK Ltd and is regulated by the UK’s Financial Conduct Authority (FCA) under the FCA registration number #509909. In Europe, the brand operates through Plus500CY Ltd and is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence No. 250/14. Plus 500 AU 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 rights to the underlying assets. Please consider our Disclosure documents available on our website.

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FX Empire’s Awards Received

 

Plus500 - Most Innovative Broker 2015
Plus500 – Most Innovative Broker 2015

Trading Platform

Trading access at Plus500.com is provided through a proprietary platform. Designed for ease of use, Plus500’s traders can use the platform to trade multiple markets from a single trading screen. To enhance the trading abilities of traders, the platform also comes fully equipped with various technical analysis tools and real time price feeds. A comprehensive charting software is also provided together with the trading platform. For the traders’ added convenience, Plus500.com has also provided several versions of their trading platform. A web based version allows traders to trade the markets directly off the internet. For those who want to trade with their mobile devices or smartphones, Plus500 has also made available mobile trading apps which are compatible with iOS, Android and Window powered mobile devices. With Plus500 proprietary trading platform, Plus500’s traders not only can trade CFDs but also stocks, ETFs and Forex.

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Account Types

To keep things simple, Plus500.com only offers 2 types of trading account, a standard trading account and a free unlimited demo account. Opening a live standard trading account only require a minimum initial deposit of €100. At present, Plus500.com is running a no deposit bonus of 25 euros for new account openings. This bonus offer is in addition to the normal welcome deposit bonus which starts from a minimum amount of 30 euros and goes up to a maximum of 7000 euros, upon deposit bonus of 50,000 euros, T&Cs apply.

Commissions and Spreads

No commissions are payable on trades that are made on Plus500.com. Instead traders are liable to pay a slightly widened spread on the assets which they are trading in. The spreads vary according to the type of assets traded and start from a minimum of 2 pips.

Customer Support

The customer support services are available on a 24 hours a day 7 days a week. Traders can contact the support team through email or live chat. One major plus point about Plus500.com customer support is the fact that the support services are available in multiple languages. So for traders’ whose mother tongue is not the English language, they can still communicate effectively with the support team. Nevertheless, it is disappointing to note that there is no telephone support provided by Plus500. This means if a trader was to lose his internet connection, he is effectively cut off from Plus500.

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Pros

  • Low minimum deposit requirement
  • Low spreads
  • Up to 7000 euros in deposit bonus, upon deposit bonus of 50,000 euros, T&Cs apply.
  • User friendly and Intuitive Trading platform

Cons

  • No telephone support
  • MT4 trading platform not supported
  • No choices of trading accounts
  • No localized support

Conclusion

As a broker that is regulated in several jurisdictions, traders can rest assured that Plus 500 is a trusted broker.  They also make it easy for anyone to open a trading account with them with their low minimum deposit requirement of $100. On top of that, their generous bonus offers ensure that you get maximum value for your money when you trade the markets on the Plus500 trading platform, T&Cs apply.

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