Bonus: Up to $10,000 T&Cs apply
Regulation: FCA, CySEC, ASIC
Instruments: Shares, Forex, Indices, Commodities, ETFs, CFDs
Are you looking for a reputable provider of online trading services? Do you fancy trying your hand at CFD trading? Do you want a partner offering plenty of features, tight spreads, and a wide range of instruments? Keep reading because we may well have found one to tick many of your boxes. This Plus500 review should give you all the pertinent details to help you make the best choice.
Introducing Plus500 – Current sponsors of Spanish football champions Atletico de Madrid
Plus500 launched in 2008 with its PC-based online trading platform. The following year it added CFD on shares without commission. ETFs were added in 2010, and by 2011 it boasted of more than 2,000,000 monthly transactions. During the same year, it launched the first iPhone and iPad applications and became the highest rated CFD trading app on Apple’s AppStore. In 2013, Plus500 Ltd went public in the AIM section of the London Stock Exchange and introduced the first bitcoin CFD in the world. 2015 saw the broker signing a sponsorship deal with Spanish football champions Atletico de Madrid. Quite a run of momentous events that have led Plus500 to where it is today. Plus500â€™s subsidiaries are licensed and regulated by a number of different regulatory bodies, so you can be sure youâ€™re dealing with a reputable company and your investment will be protected as best as possible.
There are Plus500 bonuses to get you trading straight away
Plus500 currently offers two bonuses for new clients. The first requires no minimum deposit and youâ€™ll be able to start trading straight away. All you need to do is validate your phone number and enter the code which will be sent to your mobile phone. The Plus500 welcome bonus of 25 EURO will be credited to your account so you can start trading. In order to withdraw the bonus and any profits you may have made you will need to 100 trader points. The second Plus500 bonus is a first deposit bonus of up to 7000 EURO for which you will have to meet minimum deposit requirements, and as before accumulate a specific number of trader points. Full details can be found on the Plus500 website.
Plus500 offers an unlimited demo account and one real money account
We love it when we find a broker providing a demo account, and when there is no time limit attached it sends the broker to the top of our list. Plus500 has an unlimited demo account which allows you all the time in the world to try them out, test your strategies, and find your way around the trading platforms. When itâ€™s time to trade with your own hard earned cash there is one real money trading account so all types of trader can enjoy the same kind of deal. Minimum initial deposit is just $100. For major currency pairs, account spreads are as low as 2 pips, which is very competitive. There are no commission charges as company profit is made through the spread. Funding methods are various including all the usual such as credit cards, Skrill, PayPal and bank transfers. No charges are levied and no third party charges are passed on. There are, however, a number of deposit limitations depending on where you reside.
Plus500â€™s very own platform designed for ease of use
Donâ€™t be disappointed if youâ€™d have preferred to have seen MetaTrader heading up the list of available trading platforms. We happen to consider it a brave move by the broker. With Plus500â€™s proprietary platform you can trade CFDs, ETFs, Forex and stocks from a single trading screen. The platform is also blessed with a variety of technical analysis tools and price feeds in real time. Also included is comprehensive charting software to improve your trading experience. To suit a range of different traders the platform is available in a number of different versions. There is a web-based version allowing you to trade directly off the internet. For those who prefer to trade while on the move there is a Plus500 mobile version and mobile trading apps compatible with Android, iOS, and Windows devices.
Plus500 customer support is available around the clock, 7 days a week
Something which makes Plus500 a little different than many other CFD providers is the opportunity to contact a customer support professional 27 hours a day, 7 days a week. Generally, customer service tends to be limited to the normal trading week. Some of you may be disappointed this is not by telephone but instead uses the live chat option, but once youâ€™ve got your head around chatting online it really is no different. We happen to think itâ€™s much better as there is a record of the communication, and writing your comments allows you to think about and word any questions much better. Another positive feature of live chat is it is available in a number of languages other than English. So even if English isnâ€™t your native language you will still be able to communicate with ease. There is also an email but you may find a large proportion of your queries clearly answered in the FAQs section. If youâ€™re looking for a CFD broker who puts client education near the top of its list of priorities Plus500 is going to be a disappointment. We couldnâ€™t find anything in the way of trading videos, seminars, webinars, or eBooks. Guess it is expecting all its clients to be completely au fait with how online trading works. That being said, there are plenty of other places to look if you want some training or trading knowledge. So if you like the look and feel of everything else Plus500 is offering donâ€™t let this put you off. What do we think of Plus500? Itâ€™s a well regulated and therefore trustworthy broker that has made it very easy for investors to join its family. Just $100 will get you a trading account, but there is also the option of an unlimited demo account for those who would rather try the broker on for size.