One of the best place for a wide variety of trading options for experienced CFD traders is Plus500. There are many good things about this platform and we’ll go over them in this comprehensive review.
This CFD service on Forex offers traders a whole lot, including a trading platform that spans many, many assets, and covers not only U.S. and U.K. exchanges, but also Asian and European ones as well. When it comes to CFD trading with indices, commodities, company shares and Forex, this is one of the leading platforms out there with values like professionalism, human social interaction and complete transparency. This service began in 2008 and has become an extremely popular platform in just a few short years.
Plus500 has three different divisions which are as follows: Plus500UK Ltd., Plus500CY Ltd., and Plus 500AU Pty. Ltd,Plus500 Il Ltd. These are regulated by various authorities in the region that they are located in.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents.
Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.
There are a lot of different features that come with Plus500. One of those is how many languages the platform is available in. Most people will be able to easily trade in their own language because they offer 31 different language translations.
But there are more features than just that. The user experience is probably the best part of the entire platform. It is very easy to use the platform and the broker offers CFD´s.
There are a couple of different accounts that you can open with Plus500. If you are just wanting to try out the service, and you aren’t sure whether you want to get serious about trading just yet, Plus500 offers a demo account that will allow you to ”play trader” by making trades with virtual money and seeing real results. The nice thing is, it only takes about five minutes to open the demo account and you can start trading virtually right away. You’ll get access to everything that an actual account would have and can trade on CFD´s.
If you decide to go with a regular account, know that this is a terrific platform that has been optimized for Windows operating systems, but is still accessible with another OS. You don’t have to download anything either. You can create an account and access the system via any standard web browser. A regular account gives you access to everything that you got with the demo account, except now you are able to make a deposit, start trading with real money.
Let’s take a look at some of the terrific things about the trading platform. As mentioned, this is an online platform that you access via any standard web browser. It features some of the most advanced technology out there when it comes to online trading and is not only user friendly, it is actually effortless to glide through and make your trades.
You can access this advanced trader platform from anywhere in the world – as long as you have internet access. Both new traders and those who have been trading for a long time will be able to use the platform successfully. New traders will love the simple user interface, where everything is laid out and easily accessible, rather than hiding behind menus.
But experienced traders will love everything that is waiting within the menus, with comprehensive tools that allow them to do proper research and make the trades that make them the most money. The screen that you will see is divided into three basic sections.
The main menu is to the left of the screen. The rest of the area is divided into the top and bottom. On the top, all of the trading assets are listed and you can see the charts on the bottom, switching between candlesticks and line graph format easily. You will also be able to overlay technical indicators on the graph so that you can get a more detailed analysis and you can set the time period for anything you desire, from as little as one minute to the entire week of trading. In addition, the application offers risk-minimizing tools to manage prices including:
There are a number of other features that you want to be aware of if you are considering trying out Plus500. To demonstrate just how far advanced Plus500 is in terms of the other trading brokers out there, you should know that they were ahead of the curve when it came to bitcoin.
In 2013, Bitcoin was made available only as CFDs – and most trading platforms out there ignored bitcoin as a serious asset. But Plus500 started with a 1:4 leverage and has now increased to 1:30 because there was such a huge demand from traders, but it is subject to change. After a certain amount of time, the bitcoin CFDs that are provided by the company will expire.
You can trade bitcoin just like any other CFD that is allowed to be traded. You can even use the demo account if you want with virtual bitcoin or you can set up a real account and trade with real money. The demo software does not expire, so you can use it for as long as you want, until you feel comfortable enough to set up a real account and start trading with your own money.
The promotions that are being offered right now at Plus500 may very well change by the time that you read this review. So, we won’t go into specific feature that are being offered at Plus500.
There are some special offers for new traders based upon how much they actually deposit once they start trading for real with their own money.
You must have a specific code if you want to get the special offer. Here is how the special offer structure is set up, based upon the amount that you deposit.
The Demo Trading Account offers$50000 for demo account without funding. Tostart trading with real account, Plus500 requires traders to download the software, select real money and validate their information. There is also a First Deposit special offer available to traders.
A $100 deposit=$30 Special offer code: FIRST100
A $500 deposit=$150 Special offer code: FIRST500
A $1,000 deposit=$200 Special offer: FIRST1000
A $5,000 deposit=$1,000 Special offer: FIRST5000
A $10,000 deposit=$2,000 Special offer: FIRST10000
A $50,000 deposit=$10,000 Special offer: FIRST50000
If you want to make a deposit to start trading, or you want to withdraw your money to your bank account and spend it, you can do a wire transfer in either direction or you can use any of these services.
Depositing money with Plus500 is actually pretty easy. Once you get to the landing page and create an account, you want to click on the link that says “Funds Management.” From there you will click “Deposit.” You will be able to choose from the various deposit options, and then you can fill out the form and submit your deposit. You’ll have it fairly quickly. The processing time for Plus500 is between one and three business days, and then you’ll just have to wait for your bank or other financial organization to put the money in your account. It varies with each bank, and you probably know pretty well how fast your money gets there, but here is a guide to help you estimate:
Earlier we discussed the demo account a little bit. You might be wondering if you should start with that account or if you should just jump in with both feet and get started. That’s something that you’ll have to decide for yourself. If you are unfamiliar with trading, or you are skeptical about actually trading with Plus500, then you may want to try out the demo account. You’ll get $50 000 in virtual currency with your Plus500 demo account and there is no risk to trading with that money. Of course, since it’s not real money, there is also no reward. You can use the demo account for as long as you want to.
The wide variety of available markets is one of the things that is attracting so many people to Plus500. As previously mentioned, Plus500 offers CFD trading in a various asset like EFTs, indices, shares, commodities, and of course, Forex. Here is a short list of some of the assets that you will be able to trade in. Note that this is just a sample of what is being offered because the actual list of markets is so much bigger than we could put in this review. But this will give you some idea of what is available:
Wondering about how good the support is? By all indications they have a very fast response time when customers need help. They do not have a phone number for support, but you can get instant support by using live chat, or you can email them at firstname.lastname@example.org. They also have offices in London, Limassol (Cyprus), Tel Aviv and Sydney, Australia.
So, let’s summarize some of the important facts before we get to the conclusion. This is definitely one of the top trading sites out there. There can be no doubt of that, with so many traders using the platform, and more importantly, investing in the platform. Some of the things that make it stand out among the other trading platforms out there include the fact that they are regulated by the top authorities in each of the regions that they do business in specifically: CySEC in Cyprus, the FCA in the U.K. and the ASIC in Australia.
But there is a lot more to love about this platform. They offer a huge number of special offers that keep going on the more you deposit, as well as other offers that change regularly. They have great customer support and a huge number of markets for you to choose from. No matter if you prefer to do Forex, stocks, commodities or indices, Plus500 has you covered.
That makes it easy to highly recommend this trading platform, both for those who are experienced but looking for a good company to work with as well as for those who are new to trading but would like to get started and make some money.
Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Minimum Deposit: $100
Minimum Trade Amount: $0,01 lot
Maximum leverage: 1:300
Regulation: FCA, CySEC, ASIC
Trading Platform: Plus500
Special offer: Educational sources…
Demo account: $50 000
Live chat and Email
Your capital is at riskRating :