Reviews of the best Forex brokers on the market.

Plus500

Plus500 Review

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Review of: Plus500

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Rating:
5

Summary:

Plus500 provides its own trading software, which can be very useful and easily-understandable by a beginner in trading. The set of tools provided by plus500 software is quite enough to make a decent analysis and profit out of your trading strategy, however it lacks multi-window support for trading numerous financial instruments simultaneously.

Your capital may be at risk. Plus500 is a CFD service only.

Plus500 is one of the most interesting brokers on the market of the FX and CFD services. Located in London, the financial heart of Europe, Plus500 is not only a company that serves traders, but is also a publicly traded company at London Stock Exchange. Founded in 2008 Plus500 has managed to grow substantially in the amount of the trading products, security and trading platform development. Plus500 is authorized and regulated by the Financial Conduct Authority. in United Kingdom and on top of security it provides the greatest trading experience via its own trading platform, which has been evolving over the last 5 years. In Australia Plus500 is regulated by ASiC.

  • WebTrader
  • Mobile Apps
  • 25€ No Deposit Bonus
  • US Traders

Full Plus500 Review

Plus500 Bonus

The most amazing feature about Plus500 is its sign bonus of 25 EUR. Yes, you got it right, it is a no deposit bonus, this means that once you open an account with Plus500 it will be preloaded with 25 EUR and you will be able to start trading live without any deposit. Find detailed information on how to get your 25 EUR now and preview the services of Plus500 right now in our full review.

Key Plus500 Features

The main benefit of Plus500 is its tailor made platform that can be accessed via almost any modern device, from a powerful desktop to a simple android phone. In addition to the trading software Plus500 main competitive advantage is located in the range of the trading instruments it has got to offer. There are over 1,000 items that can be traded with this CFD broker. Except of these 2 main points there are many other items that make Plus500 a leading broker on the market.

  • Extensive amount of CFDs for currency pairs, share, indicies commodities and more
  • Unique Web Trading Application
  • ETFs trading
  • PayPal fundings
  • Welcome bonus of 25 EUR. Doesn’t require a deposit.
  • Competitive spreads
  • Support in over 30 languages
  • Unlimited demo account

Being one of the best CFDs brokers online, Plus500 has a lot to offer to the investors of any kind. If you are not sure whether the trading is right for you, need to get more practical experience or just want to try trading every available instrument, get Plus500 no-deposit bonus (below) and see if this brokers is right for you while having a chance to make some real funds too.

Plus500 Weak Points

Even though Plus500 tries to match the needs of every trader, it targets more professionals than the gamblers. For this reason leverage up to 1:200 is provided, while many brokers in the industry would leverage your trades up to 1:500. While some traders can find it as a disadvantage, we would still recommend you to try Plus500 because to trade safe you would not require a larger leverage.

Plus500 25 EUR (or 20 GBP) Sign Up Bonus

Upon opening a live account with Plus500 and verifying your phone number you are granted a superior opportunity to make your trading and testing experience risk free! Plus500 pre-loads your trading account with free 25 EUR of the balance, which are available for the withdraw after a fair amount of operations has been made. Getting such a bonus is rather easy and takes only a couple of minutes:

Start Trading Now with Plus500

1. Click here to register with Plus500
You will need to fill in your e-mail and password

2. After you have provided you email and selected a password to you account, you will be directed to the web trading platform.

Verify phone to get 25 EUR with Plus500

Here you will need to click on “Verify your phone and get 25 EUR” in the right upper corner of the screen.
3. At this window you will need to provide slightly more details.

Plus500 Account Registration

Providing your correct first and second names, dates of birth, correct phone number (because it will verified by SMS) and placing your residential credentials is needed to get a bonus of 25 EUR.
4. The next step in getting a bonus is answering 5 questions about your trading experience.

Plus500 Financial Information

Once these questions are answered, you will be sent to phone verification screen.
4. To verify your phone you need to type in the 3 digit code that was sent to you via SMS in the following window:

Plus500 Phone Validation

Once this has been completed, you are completely ready to trade real funds! Even though the initial balance can be taken out only after a certain amount of operations is completed, the profit can be taken out anytime!

Click here to get started with Plus500 and get FREE 25 EUR now!

Plus500 Trading Accounts

As Plus500 is an exceptional broker, it provides only demo and live accounts without separating live accounts . Should you want to trade live with Plus500, there is no decision making about the account type,. This way Plus500 can provide truly

  • Demo Account

Demo Account availability shouldn’t surprise anyone now, however what makes Plus500 special is that there is no time restriction for your demo account. Unlike most of the brokers that offer you a live account for 15 or 30 days, Plus500 gives you unlimited access to your paper trading.
  • Live Account

Plus500 Live account is a great choice even if you are an absolute beginner in trading. When opening a live you can get 25 EUR bonus without many any deposit. Once you have traded and made sure that Plus500 is a right broker for you, you will also get an extra bonus on your first deposit. The trading conditions are great, the amount of financial instruments is wide and deposit/withdrawal methods consist of the most common once. The minimum deposit starts as low as 100 EUR or GBP and the whole application process is rather fast. Sign up for a Live Account now with Plus500 and get free 25 EUR bonus.

Plus500 Trading Software

When it comes to the trading platform, Plus500 provides a solid choice, while we have to admit that the regular MetaTrader 4 is not present in this brokerage armory. Unlike most of the brokers, Plus500 is a broker that spends time and resources on the development of its own platforms, which has quite many advantages especially for the beginners. What is even better is that Plus500 trading platforms comes in Android, iPhone, iPad apps, Desktop Application and most importantly – Web Version.

Let’s have a good look at the software below and discuss its great features below:

  • Clean

Some of the traders experience issues with MT4 while they are starting their career.  What we find especially interesting for the beginners is that Plus500 trading platform has very clean and yet quite useful interface.

Plus500 WebTrader Platform

As you can see, Web Trader consists out of 5 main elements.

  1. Main Menu – located right below the logo Menu allows you to access trading platform main screen, monitor open positions, orders and see the trading history by checking the closed positions.
  2. Quotes – the magic happens here. At this part of the platform a trader monitors the price movements and executes to the orders. The instrument specifications can also be accessed at this part by clicking the details.
  3. Instruments list – a place where a trader can choose the trading instruments that are shown at the quotes. As Plus500 offers an enormous amount of the trading instruments, a trader is provided with a clean list, which is also separated into categories. To build up your trading portfolio and have a quick access to it, you can use the favorites category of the Instruments list.
  4. Chart – graphical illustration of the price movements. This is the most important part for any trader, especially when it comes to applying indicators. Even though advanced traders will find the Chart as rather basic, it still offers over 15 indicators and 10 time frames.
  5. Account info – the last part that is located in the left bottom corner provides a quick overview about your trading account funds, equity and profit/loss. Also it allows a quick access to fund management, deposits, withdrawals and bonus information.

It is important to notice the level of integration between the trading platform and the trading room at plus500. Although most of the brokers make you create 2 accounts, one for trading platform and another for the trading room, at plus500 these 2 places are actually located at one. This makes trading especially comfortable for the beginners, since the rookie trader can focus on the trading itself instead of being busy with installation of the platforms and account management.

What is even more important for beginners is that the switch between demo and live accounts is done incredibly easy with plus500. You literally need to click once only to switch between demo money trading to trading for real money.

Even though Plus500 doesn’t offer the most common platform – MetaTrader 4, we still encourage you to try Plus500 and see if it is suitable for you, since the amount of instruments is enormous and the platform is neat.

Plus500 Trading Conditions

  • CFDs for Currency Pairs

There are over 60 currency pairs offered by Plus500. You can trade almost any currency you can imagine with this broker, although if you are looking to trade very exotic pair, the spread may not be very attractive. However, when it comes to trading all of the major currency pairs Plus500 does a superb job.

EUR/USD generally spreads at 2 pips, EUR/GBP at 5 pips and USD/JPY at 2 pips too. The speed of execution is excellent and there are no requites involved.

  • CFDs for Commodities

If Forex is not your only interest or you just want to trade something different every now and then, Plus500 is a great choice. Commodities are very interesting trading instruments and you can find Oil, Gold, Gas, Silver, Coffee, Sugar, Corn, Wheat, Soybeans and many more at the list of commodities offered at Plus500. The spreads are attractive as well, Oil spreads at 5 pips, Gold at 1 and most of commodities are offered at fairly good prices.
  • CFDs for ETFs

Plus500 is one of the few brokers that offer access to ETFs trading. The amount of ETFs present at Plus500 list of instruments is rather large, What makes trading ETFs super with Plus500 is the spread, which is incredibly low for this kind of asset classes.
  • CFDs for Shares

Now you do not need to choose between trading Forex or stocks, because you have access to both with Plus500 CFDs services. While most of the brokers would offer you the access to US shares, you can also trade almost any share from the UK and Australia. Besides that, the local stocks from 16 more countries are present. The spread is very attractive, especially for UK shares.

Plus500 Deposits and Withdrawals Methods

Depositing and Withdrawing is very efficient with Plus500 since this is almost the only broker that accepts PayPal deposits. Skrill (Moneybookers) is also accepted, while the regular debit/credit card payments and wire transfers are available too. The same methods are available for withdrawal, although deposits made via card can only be taken out to the same card only.

Plus500 NotificationsPlus500 Support

Even though Plus500 is an exceptional broker with the widest trading instrument selection and one of the tightest spreads in the industry, it fails to deliver Live Chat support, while it still has a very effective e-mail support in numerous languages.

Another important advantage of Plus500 is the availability of alerts. Do not miss any price alert, important announcement and margin call warning, even if you are away from the keyboard. On top of this Plus500 provides signals for opening and closing positions.

Plus500 Review Summary

If you are new to trading, do not hesitate and sign up with Plus500 already now. By registering at Plus500 you will automatically receive 25 EUR upon verifying your phone number. This way you will get a perfect opportunity to test this broker, see if Forex is right for you and get a chance to profit from trading. Additionally, Plus500 is not only a regulated company, but is also listed on the London Stock Exchange. This definitely means that it is a safe place to put your money in. the trading software is very intuitive and powerful while the trading conditions are truly superior. Sign up with Plus500 and claim your free 25 EUR trading account now.

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