Plus500 Review

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Plus500 is a pioneering broker in many areas- it was the first CFD Broker offering Bitcoin trading, one of the first offering thousands of trading instruments in a single place, as one of the first began to offer a simple and user-friendly trading platform running directly in web browsers, and also it is one of few brokers that got listed on London Stock Exchange (LSE), in AIM sub-market without help of a middleman.

Disclaimer: Plus500 provides trading services with CFD. You may lose your capital when trading. Plus500 uses financial leverage. Live trading is intended for experienced traders. If you have no experience, begin with a demo account for no-risk trading.

Trading

Every trader who wants a wide variety of trading instruments will enjoy Plus500. This broker offers more than 2000 CFD instruments, including shares from all around the world, commodities , including oil, precious metals, stock indices , virtual currencies, foreign currencies, as well as standard options.

Plus500 is “Market Maker“ type of broker, so there are no fees for orders and all the profit comes only from the spread between the buying and selling price of instruments. For trading EUR/USD spread is 0.0002, or in another words 2 pips, which is the average value on today’s market. Another example of a good spread is oil, with spread only USD 0.05.

Platforms

Thanks to its intuitive and easy-to-use trading environment, Plus500 is very popular among all traders. It is extremely easy to grasp how to buy selected shares or how to manage oil price speculation.

Another handy feature of this platform is a function of price notifications. If the price of the selected instrument exceeds a certain limit, the trader is immediately informed. Notifications are displayed directly in the platform or sent by SMS or email. This technology helps traders to keep an eye on important markets, without having to be constantly on alert.

The trading platform has been developed by the company and therefore provides exactly those functions that traders expect. Plus500 can be easily installed on Windows, Mac, Android and iOS, and can even run in a web browser without installation.

Mobile applications

Everyone who is often on the move will appreciate the mobile version of the trading platform. All smartphones are supported, and installation is easy after finding the Plus500 app in your app store. Traders, who use the app, keep sending very positive reviews.

Accounts

There is only one standard type of account which may be upgraded to Gold Account under certain conditions. The upgrade allows traders to have better conditions and 5% cheaper premium charges, for example when holding position overnight; on the other hand it requires opening positions with higher money amount.

Traders can choose between Standard Account and Gold Account according to their needs, preferences and their style of trading. Account status can be easily changed, usually within 15 minutes, via support@Plus500.com in the language that traders prefer.

Deposits and withdrawals

All methods of deposit known from other brokers are also available in Plus500. The most convenient method of deposit for amounts up to about €2000 is a payment card, with which is the deposit for an immediate use. The same functionality offers the online payment system Skrill. Larger transactions can be made through bank wire which only takes few working days.

Withdrawals are usually approved on the same work day, regardless the method clients choose. When using the online payment system, the money is usually transferred within 24 hours, when choosing a bank transfer the process takes about 3 work days.

Bonuses *

Plus500 excels when talking about bonuses *. As a pioneer, Plus500 offers a generous €25 welcome bonus * only for signing up and phone number verification, even without obligation of depositing own money. Besides this no-deposit bonus *, there are also other deposit related bonuses available * and can reach very interesting amounts. The maximum bonus at Plus500 is €7,000 when depositing €50.000 *. Bonuses are also attractive for small depositors, from €100 deposit there is a nice €30 bonus *. Full bonus scheme and conditions, including conditions of bonus withdrawals *, can be found on the website of the broker: http://www.plus500.com/Promotions/Bonus.aspx
* Terms and Conditions apply

Education

Plus500 offers extensive reading material for a deeper understanding of the market behavior, financial derivatives, etc. on its website on the Help page. At least the less experienced trades should read this an easy-to-read text. It is very important to get fully acquainted with all the risks that can be associated with CFD trading.

Customer support

As the number of clients has overcome 1 million, also the customer support had to be adjusted accordingly. Broker offers support via email, especially because of the easy traceability / provability of the solved problems and also chat with agen within platform for quick help.

Because the email remains the main communication channel, the average response time to clients’ inquiries is usually a few minutes in peak hours and about 30 minutes in off-peak hours. Although there is only a single email address (support@Plus500.com) for all 36 supported languages, every client receives a response in the language in which he or she writes an inquiry to the broker.

Security

In today's uncertain world are often government regulation and insurance the last guarantee which can be, at least in some way, reasonably trusted. Broker Plus500 UK Ltd is aware of this and voluntarily chose Great Britain as its domicile, and therefore is a subject of regulation of the UK Financial Conduct Authority.

Plus500 are members of the Investors compensation fund which covers up to 20 000 EUR of the clients funds for Plus500 CY subsidary. Clients of Plus500 UK are under FCAs compensation scheme and have deposits insured up to £ 50,000. This fact, along with separated clients and company accounts creates a very trustworthy company at which you can deposit your money without a slightest concern.

The activity of Plus500UK LTD is controlled and regulated by the Financial Conduct Authority. The Plus500 CY LTD is regulated by the Cyprus Securities and Exchange Commission. Plus500 AU LTD is regulated by the Australian Securities and Investments Commission - only Australia.

Summary

Everyone who is looking for extremely simple, intuitive and transparent broker, Plus500 may be the suitable option. With a wide variety of instruments, it is possible to trade on many world’s markets and to find the ones that suit everyone the most. Fair bonuses *, international customer support and worldwide popularity may be the reasons why you should try Plus500. The welcome bonus without any deposit obligation * is a great opportunity for every trader to try Plus500 and to test all its features without any risk.
* Terms and Conditions apply

Trading with CFD is risky and you might lose your capital

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