* Your capital may be at risk
Established over ten years ago, is authorized and regulated by the Financial Conduct Authority (FCA). Plus 500 offers CFD trading only in the following spheres: Forex, commodities, indices, shares and ETFs. The company displays an uncluttered design both on their website and in their trading platform, which makes a pleasant trading experience for experienced traders. With years of experience and confirmed credentials, it’s no surprise that Plus500 is growing rapidly as one of the top CFD services on the market.
Founded in: 1999
Headquarters: London, UK
Maximum leverage: 1:50
Minimum deposit: 100 EUR
Minimum deal size: 5,000/limited by margin
Languages available: English, Arabic
Regulation: Authorised and regulated by the Financial Conduct Authority - FCA (Plus500 regulation)
By now you’re probably aware that most of the bigger Forex brokers such as eToro and Forex Club offer multiple trading platforms to choose from - but you’ll quickly see that Plus500 offers a solitary trading platform. While this can be a deterrent for traders who are looking for a very specific platform (MetaTrader 4, for example), a quick look at Plus500’s platform will make it obvious why we’ve ranked this company among the top Forex brokers. Developed in-house, Plus500’s trading platform is available in 3 versions – a downloadable version, a web-based platform and a mobile trading interface. What makes this platform unique is that unlike those offered by most other brokers, Plus500’s platform remains constant in all version, which makes it possible to switch seamlessly between the platforms without having to regroup.
Plus500’s Forex trading platform provides all necessary information within one screen so that there is no scrolling required to find necessary information. Four clearly-labeled top tabs make it possible to receive details about past trades and current positions without having to search for it. Plus500’s trading platform lacks the ability to view multiple charts and graphs at once which is possible in other platforms such as those offered by Ava FX. Still not all traders demand this feature when choosing a platform.
Although Plus500 doesn’t offer the breadth of features offered by most other top Forex brokers, it’s worth mentioning some of the features that caught our attention. One of the most valuable features that we noted nearly immediately when beginning our Plus500 review is the company’s free demo which is unlimited in time and can allow traders to practice for as long as they deem necessary. While an unlimited free demo is not entirely uncommon, it’s always welcome and appreciated.
Plus500 also offers a small learning center that offers traders basic information about how trading Forex works. The primary advantage of this abridged educational center is that Plus500 offers practical examples to substantiate their information, and they get directly to the point. On the other hand, traders looking for more comprehensive educational resources will have to look elsewhere to find more extensive information.
Plus500 offers customer service via email only. We emailed the company in the evening and received a response within 30 minutes. There is no search function on the site so there is no way for traders to search for their own information independently. Chat and phone support are also unavailable.
Ease of Use
As compared with other Forex brokers and CFD services, the website and platform offered by Plus500 are among the most straightforward, largely owing to the fact that they are lacking many of the resources offered by other brokers. Nevertheless, this can be an advantage for traders who are looking to jump right in without the distraction of peripheral information.
Payment can be made to Plus500 via credit card, MoneyBookers and wire transfer, all of which are easy ways to get your account set up quickly. Overall, we found Plus500 extremely easy to use, if not a bit too over-simplified. As most Forex and CFD services do, Plus500 does not promise any profits and your capital may be at risk.
I have some reservations about Plus500. First of all, why they offer £/€25,00 at the registration time! To attract you, of course and then the experience becomes boring and frustrating. Entered into their system about a month and due to the EUR set back and USD uplift lost half of my investment (though not much to other, but enough for me as an academic). The good thing is that they do not charge for each trade, but their premium is high, especially overnight. One better thing that I found is that their rates are online which is compatible to Yahoo currency. The other good thing is that they respond to your email, but there are a few things that I like to reveal.
Now like to share about my experience. Within this one month period, every day I take a log of my preferred currencies and their rates from time to time. However, among a few things that I observed that whenever there is a big dip in the rate and you like to take the advantage of that, either your system hangs out or you are logged out of the system. When you are back to the system, either your last purchase is approved with higher price, or you lost the chance to buy the same because the rate has gone up by that time. The same thing happened to me when there is a sudden rise and I could not avail to take the opportunity. I thought and still desire to gain at most 100-200Euros from my little investment, which is not a 100% profit of course, but in reality I am very much doubtful to invest further there. Sorry, if I am wrong, or I am little unfortunate in this business (a first timer and never thought of investing in such instrument, unless much hit by this EU economic crisis), but in my believe money is not safe in to the system, unless you are very opportune. Of course, you (the Company) are in business and you have to gain money, but there should be a little flexibility from the client side too. Every time I am buying a stock from the system, I am in a tense mood, because of my feeling that I am going to lose again! Because the system does not allow you to sale without certain restriction when you are at lose (agree, but the restriction, to me seems very much confined). I hope I am wrong. Will be very happy, if someone intelligent, and more experienced may shade some light on this.
Hi there, My name is Mark Munro, I am a 20 year old Business student in Glasgow Scotland. And i have had a very good experience with PLUS500. I deposited £150 uk pounds, i then confirmed, my e-mail, my address, and any other documentation. I know this seams abit dodgey, and i was very very weary of doing it, but i then applied to get my money withdrawn, £189 after around a week (thanks apple) it then took 5 days, and the money is back in my account. If you follow the rules youl be fine if you live in the UK!!!!!! my main tip is DO NOT SCALP!!!!! or rather invest in any stock for less than 5 minutes!!!! if you do this you will be at risk, reading the terms and coditions. I had a very good experience, although i was very nervous with all the reviews i read. If anyone has any questions, please feel free to eamil me at [email protected]
THIS SYSTEM WORKS iffffffffffff you follow the rules, plain and simple from my experience and made £39 in one week