Plus500 – Forex Broker Review
| Leverage | 200:1 |
| Minimum Deposit | $100/100€ |
| Minimum Lot Size | 2500 |
| Instruments | Forex/CFD |
| Deposit methods | Bank WIRE, Credit Card, Alertpay, Moneybookers |
| Spread | 0.3 pips |
| Regulation | FSA, UK |
| Trading Platform | Webtrader |
Plus500 offers round-the-clock trading on a wide range of markets: equities, commodities, indices, forex, etc. Mobile and online trading platform ensures that you are never more than two clicks away from making another trade. Plus500 has a very organized way of displaying their offering and all its features. Each category is displayed in its own tab, including Forex, commodities, indices, stocks, and CFDs.
Plus500 was established over a few years ago and is regulated by the Financial Services Authority (FSA) in the UK. Plus500 offers a no nonsense, to the point forex trading experience and the same philosophy is reflected in the Plus500 forex trading platform. The uncluttered design from Plus500 makes for a very pleasant trading experience that is beginner friendly as well. This fact is best supported by the promotion Plus500 offers, which is a free $25 (equivalent to the local currency) to experience the Plus500 trading platform. Traders must verify their phone number in order to claim this forex bonus.
With years of expertise and industry knowledge, backed by and confirmed credentials, Plus500 is growing rapidly as one of the top Forex brokers in the market.
In terms of funding, Plus 500 offers a mini account enabling you to trade with as little as $100 and a 200:1 leverage. When trading, you have access to the world’s financial markets and real time quotes. The platform is very responsive and includes the standard Entry Limit, Stop Loss, Profit Limit, Trailing Stop, and Market Orders. They also offer an unlimited free demo account, which should be taken advantage of by every Forex trader interested in opening an account with Plus500.
Plus500 strives to give every trader the ability to easily and efficiently trade any financial product around the globe including: Stocks, Indices, Metals, Commodities and Currencies. It is a multi-asset trading platform. Our wide coverage includes UK, US, European and Asian exchanges; plus trading on Forex, Indices and Commodities.
Plus500 Trading Platform
Any individual can download the Plus500 trading platform, which is compatible with Windows XP, Windows Vista and Windows 7. With its multi-asset trading capabilities, the Plus500 platform allows trading in stocks, forex, commodities and indexes. This feature is particularly important for users who do not want to confine their trading to forex.
The biggest advantage of the Plus500 trading platform is its user-friendly interface. It can be used as easily by new users. The company website provides tutorials to help new users develop expertise in handling the software.
Plus500 Forex trading platform gives access to all the trading news, information and analysis within the same screen thus eliminating the need of having to ‘look for’ the necessary information. Four clearly-labeled tabs on the top of the trading platform makes up for all the details required by a forex trader that include previous trading history as well as current positions.
For a high-end trading experience, the platform offers real time updates from across the world, which makes it a smart choice for even experienced traders. Tools to analyze trends and compare rates are also inbuilt into the system. Thus, it acts as a one-stop solution for online trading.
Plus500 Customer support
The company offers 24 X 7 customer support to users worldwide in multiple languages. A user can seek customer support through fax or email. However, online chat support is missing, which is one of the drawbacks of the company. Most of the users prefer live chat support as it a one of the fastest and cheapest mode of communication.
Managing deposits and withdrawals with Plus500
Depositing funds with Plus500.com is a seamless operation. The Plus500 website supports money transfers from all major credit card service providers, such as Visa, MasterCard, Maestro, Diner’s Club, JCB and American Express. The same is true for money withdrawal as well. A registered user can transfer money to their banking account through the online services provided by Plus500.
Why trade forex with Plus500
Easy to navigate website that offers traders the right access to information and trading resources. A trading platform that is ideal for both experienced as well as beginner forex traders, Plus500 offers free $25 bonus to test their trading platform.
