Plus500

Details

BrokerPlus500
Website URLhttps://www.plus500.com
Founded2008
HeadquartersUnited Kingdom
Support Numbernone
Support Typesemail , live chat
Languages31 different languages
Trading Platformproprietary trading platform
Minimum 1st Deposit100$
BonusNo bonus
Leverage1:300
Spreadfixed
Free Demo Account Open Demo
Regulated Yes
RegulationRegulated By: ASIC, CySEC, FCA
Fees Yes
Account Typesreal account , demo account
Deposit MethodsCredit Card , PayPal , Skrill , Moneybookers , Wire Transfer
Withdrawal MethodsCredit Card , PayPal , Skrill , Moneybookers , Wire Transfer
Number of Assets2000+
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Brief Description

Plus500 is a leading online broker for CFD, offering a variety of instruments available, such as Forex, ETFs, stocks, commodities and market indices. It is also a public listed company on the London Stock Exchange.

It is regulated by the UK’s Financial Conduct Authority (FCA, FRN 509909) and it also operates under Plus500CY which comes under the Cyprus Securities Exchange Commission.

Since it has been operating for almost 10 years, it had managed to become a trustful and reliable broker. It had become reliable due to some features it offers to clients:

  • All client money is held in segregated bank accounts, in accordance with the FCA client money rules.
  • Plus500 uses its own money for hedging.
  • It does not initiate speculative positions in the market.

Trading Platforms

In terms of the trading platform, Plus500 provides their clients with a proprietary trading platform. It is both web based and downloadable client application. The web based version requires no download or software installation. Plus500 platform is also available for Android or iOS devices, meaning customers can trade even when they are not at their trading desk.

With regards to trading platforms, it is a big disadvantage if you are used to metatrader 4. Unfortunately, Plus500 offers just it’s own proprietary trading platform. However, you have version compatible with android and iOS as well, meaning you will be able to monitor your trades or even make trading decisions when you are not at your desk.

In terms of customer support, Plus500 is available on a 24/7 basis. Plus500 customers can get in touch with the company’s representatives through email or live chat.

To make it easier for customers that do not know English, Plus500 had made the platform and website available in 31 different languages, some of them being: Chinese, French, Dutch, Italian, Polish, Russian Arabic and German.

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