Plus500 is an online Forex broker and CFD service provider established in 2008. It is a publicly listed company
on the London stock exchange AIM market. It is known as a trustworthy and reliable broker in as much as it is known as one of the forefronts in the market and trading innovation.
They provide their clients updated and new products and services as soon as they can in order to meet their needs and demands.
Basic Information of the Broker
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- Regulator – FCA, CySEC, ASIC
- Trading Platforms – Proprietary Platform
- Available since – 2008
- Minimum deposit – 200 AUD
- Leverage – Up to 1:300
- Spreads (& commission)– 0.01 pips
- Minimum trade size – 0.01 lot
- Demo account – Available
- Mobile Trading – Available
- Trade Signals – e-mail alerts, website personal page, Automated Trading
- US Clients – No
- Islamic Account – Yes
Plus500 offer their clients a proprietary trading platform known as the Plus500 trading platform. This trading platform allows clients to trade in multiple markets simultaneously. It also has the capacity to provide a real-time chart for all their products in as much as it offers clients an inclusive trading screen with tabs that are clearly detailed and advanced charting and trading tools. The trading platform is ready for download, ios, android or web-based trading.
Traders can enjoy trading in the comfort of their mobile phones as Plus500 make their trading or form available for iOS and Android devices. Traders no longer have to stay in front of their desktop or laptop just to trade as trading is made available on their mobile phones.
There is only one trading account given by Plus500 for their clients. This is known as the Standard trading account which only serves for individual account holders and not company accounts. A minimum initial deposit of 200AUD is required in order for someone to open a live trading account with Plus500. The Standard trading account offers a maximum leverage of 1:300.
A demo account is provided to Plus500 clients in order for them to try or practice trading before finally opening up a live trading account. The demo account has no time limit and does not a charge any amount before you can use it. Using the demo account will give you the option to switch into a live trading account later on.
A minimum deposit of 200AUD is needed in order for someone to open a live trading account with Plus500. With just 200AUD, a client can already start trading and earn when the account he has opened is maximized.
Payments with Plus500 is accepted through Visa or Mastercard credit card, wire transfer, or money bookers. Generally speaking, finding a Plus500 account is way easier compared with other online Forex brokers. There are no reported difficulties experienced by clients when withdrawing or depositing.
A maximum leverage of 1:300 is offered to Plus500 clients. With such leverage, traders are enabled to trade with higher gains with minimal risk when executed properly.
Spreads and Commission
Plus500 does not offer any Commission to their traders, but the average spread is 0.01 pips. This is considerably a tight spread on the asset that a client is trading with.
Regulation and License
Plus500 is under the regulation of three regulatory bodies. The first one is the Financial Conduct Authority or FCA with FRN 509909. The second one is the Cyprus Security Exchange Commission or CySEC with license number 250/14. Lastly, Plus500 is also under the regulation of the Australian Securities and Investment Commission or ASIC with AFSL #417727.
Plus50p offer their clients 24/7 customer support in multiple languages. They only offer online chat which when not available, clients can reach them via the contact us form on their website. They do not offer email or telephone support to their clients at all.
Benefits of Trading With Plus500
Clients of Plus500 enjoy a lot of benefits which include a free demo account, low minimum deposit, safe and secured trading, and a wide range of trading assets. These are only some of the wide range of benefits which Plus500 offer to their clients.
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- Low initial deposit
- Well regulated
- Excellent mobile platform
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- No trading account choice
Plus500 offer their clients an impressive number of trading instruments in addition to the impressive trading platform that they have. It has managed to cater to the needs of their clients in as much as it has stood the test of time with the number of online brokers today. It is not a surprise anymore that they have reached a great number of traders on as much as it is known as one of the most popular online brokers today.