Plus500 is considered to be one of the easiest, most reliable, and trustworthy online trading companies for retail customers trading with CFD’s.
Founded back in 2008 and based in Israel, Plus500 is regulated in countries like the United Kingdom, Cyprus, Bulgaria, and Australia. It’s parent company is Plus500 LTD, and Plus500 is publicly listed on London Stock Exchange.
As one of the most popular Forex brokers out there, Plus500 offers up to 200 trading instruments, Options, Virtual Currencies, ETFs, Stocks, Indices, Forex Pairs, and more.
Plus500 is certainly great for everyone, but it is best for those who are just getting their feet wet in the Foreign Exchange world. That said, let’s take a tour of some of the benefits of brokering with Plus500.
What type of Accounts do they offer?
Plus500 offers only two types of accounts. One, is what they call the “Live Account,” which you can open up for $100.00, and the second, which is free of charge, is called, “Demo Account.”
Plus500 isn’t going to overwhelm you with all of the fancy features some of these clients exude today. They keep it fairly simple, and straightforward on purpose. Beginners, and other clients, who aren’t swayed by all of the dazzling options, appreciate a simple design because it’s easier for them to bring clarity to their trade.
Using Webtrader and the Plus500 Forex trading platform, you can easily navigate the page to get easy access to information. From there you can see your history of trades and your current position.
As noted above, what makes Plus500 so popular with beginners is this account. It’s free of charge for one, but the more incredible part of the account is that it is unlimited. Meaning until you are comfortable, until you feel secure enough to start pulling real money out and putting it into Plus500’s Live Account—you can remain under the safety net of the demo.
The menu bars, option tabs, and all the information you need is right at your fingertips with the Plus500 mobile platforms enabled for Ipad, iPhone, Android, Apple Watch app, Windows Phone app, Windows trader, windows 10 trader, and Web Trader.
While you are trading you can set up a fixed spread at 2 pips, give yourself a guaranteed stop, making it easy for you to limit what you are able to lose on a trade.
With Plus500, there is no commission collection during a deal.
- Plus500 offers many instrument types and pricing. You can even trade Google, Vodaphone, Barclays, Nokia, BMW.
- For Equity CFDs, they let you trade the CFDs over the most actively trades shares in the world. In the UK and Germany, Plus500 offers index CFD trading- S&P 500.
- For Commodities, you can trade Crude Oil, Oil, Gold, and Silver as the contract value of one commodity CFD equals the price quote in the currency of the commodity.
Bonus And Promos
Bonuses vary on the size of your deposit, so let’s say you throw in a $5,000 deposit, you get a $1,000 bonus into your account. That’s rather handsome of an amount for a bonus return. Working our way down, a $750 deposit gets you $200, receive $150 for a $500 deposit, and the initial $100 deposit to open the account will get you $30 bonus return.
Plus500 just announced becoming the main sponsor of Atletico De Madrid Futbol.
Withdrawals and Payments
You can pull your money out using Paypal, Skrill, Visa, Mastercard, or using a bank transfer.
Are They Trustworthy?
While Plus500 has had some legal issues in the past, it is quite clear that people put their trust in their hands. Yes, they are accredited, and they are licensed by legal entities like ASIC, FCA, CySec. Plus500 holds your money into segregated client bank accounts. Know for its reliability and trustworthiness, Plus500 uses its own money for hedging, doesn’t participate in the speculative position market, and has a customer service department available at all time 24.7.
- Reliable and trustworthy
- Services in 31 different languages
- 24/7 customer service
- Low fees, low deposits
- Bonus returns of up to $1000 upon deposits
- Clean trading interfaces
- Simple and easy to user
- Demo unlimited time of user
- Fixed spreads
- Guaranteed stops
- Doesn’t have much of an information/education features
- No meta-data trading platform.
- Not serving U.S. clients (but doesn’t matter since we are south africans!)
While some may appreciate the intricacies of a company like IronFx, most of the clients I talk to say they prefer the simplicity of the Plus500 design.
You can trade with everything clear on the screen or on your phone, organized neatly, with past trades and current activity right there not layered behind a thousand features.
Their low fee and easy setup, easy to use interface, is really what makes the world go around about them. If you are starting out in the Forex trading biz, then I couldn’t recommend a better company than Plus500 for you!