Plus500UK Ltd authorized & regulated by the FCA (#509909). Trading with Plus500 invloves a high risk and may not be suitable for everyone. Check out Plus500 Review to find out more about CFD Services of Plus500 and see if this broker is right for you.
Leverage: 1:30 Licences: FCA, ASiC, CySEC
Min.Deposit: 100 USD Bonus: N/A
Spreads: Variable US Clients: NoLike Plus500? Click to register!
*76.4% of retail CFD accounts lose money
Plus500 Forex Broker at a Glance
Plus500 is an identifiable presence on the Forex market by offering contracts for difference. From its founding in 2008, Plus500 has had an impressive growth with regard to the products it offers, to the safety of its users and also to the improvements and functionalities made to the online trading platforms.
Plus500 Reviews of Accounts
Plus500 really strives for simplicity, and it shows it by only offering one type of trading account. You have to deposit at least 100 EUR to sign up with Plus500. If you are not yet ready to deposit funds, you can enjoy an unlimited demo account that is also provided for free to those who signed up with Plus500. An unlimited free demo account is quite rare even among Forex brokers.
It has the advantage that it doesn’t charge commissions on trades. Plus500 only takes limited spreads from as low as 1 pis for the trades they execute for their clients.
76.4% of retail CFD accounts lose money
Plus500 CFD Trading Broker Platforms
Although extremely popular in Asia and Europe, this broker is distinct from the rest of the leading Forex brokers in the sense that Plus500 offer just one trading platform to their clients. Unlike most of the brokers, Plus500 is a broker that spends time and resources on the development of its own tailor made trading platform, which is quite great especially for the starters. This software is supported on almost any device you can imagine; it comes as an Android, iPhone, iPad apps, Desktop Application and Browser version.
As we have mentioned before, Plus500 likes simplicity, but it isn’t the kind of simplicity where the lack of features is apparent. It is more an elegant simplicity that provides the traders only the necessary information, in order not to clutter the screen and to make the trading process as efficient as possible. This is one way of trading that is appreciated by many people, either new traders who find MetaTrader’s features daunting at first or experienced traders who have an opinion about the indicators that are useful for them and want to use only those. This is observable by the fact that only one trading platform is available. This trading platform comes in the following versions: Desktop program, Browser version, iOS and Android apps. Not enough info about platforms at this Plus500 review? Check Plus500 Trading Platform Review.
Plus500 Reviews of Customer Support
Live chat and email support in many languages is available with this broker. The customer support officers are quite friendly and helpful, so you will get your issues sorted out in a fast and friendly manner. During this Plus500 Review, Forex Bonus Lab managed to get quick and helpful responses.
Another important advantage of Plus500 is the availability of alerts about the price, important announcements and margin calls. On top of this Plus500 provides signals for opening and closing positions. It took at most half an hour for the replies to be answered during our Plus500 review.
Plus500 Forex Broker Deposits and Withdrawals
Deposits can be done by Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), or Bank Transfer. Same goes for the withdrawals. This is valid for early 2019, the date of this Plus500 Review.
Plus500 Review Conclusion
To sum up, we see that trading with Plus500 has a number of advantages: the simplicity of the interface, low variable spreads, easy funding, low minimum deposit required to open a trading account, a large number of tradable instruments and the fact that it’s licensed by the FCA.
76.4% of retail CFD accounts lose money
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.