Plus500 actual review
£20 No Deposit Bonus (T&Cs apply)Standard and Demo AccountsCFD serviceTrade Now!
Plus500 Ltd. is an Israeli company which operates through its subsidiaries – Plus500UK Ltd. , Plus500CY Ltd. and Plus500AU Ltd.
Plus500CY has its base in Cyprus and offices in Limassol. It runs its business and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC licence no. 250/14). Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). It was first started in 2008 and allows its customers to trade CFDs on a variety of commodities, shares, indices, foreign currencies. Plus500 has over 1 million customers and is a fast growing and large trading community today. Plus500 has done things a little differently than other popular brokers in that it has developed its own platform which is extremely user-friendly. A further attraction for traders is their dynamic spreads. Another valuable feature, especially for the experienced trader, is that their demo account has no time limit whereas others usually limit theirs to one month. In this Plus500 review we’ll look at the platform on offer, how to start trading, different account types and what Plus500 bonus is available and a few other things useful to know when you’re looking for the best Forex broker.
In 2010 they introduced their web based platform, enabling Mac, Linus and smartphone users the opportunity to use their trading service. In 2011 they launched an iPhone and iPad app if you needed to trade on the move. And in 2013 they invited Android users to join their customer base with their Android app.
Plus500 Trading Platform
Plus500 has managed to stand out from other brokers by developing their very own trading platform rather than using platforms such as MetaTrader 4. It was developed in-house and is available in 3 different forms: downloadable, web-based or mobile. If you’re looking for a specific platform then Plus500 may not be the one for you but they are definitely worth considering as their own platform is simple and easy to use. And it’s the same however you choose to use it, allowing you to switch seamlessly between each one.
All the information you need is there in one screen, so you don’t need to be constantly scrolling up and down to find what you need. There are 4 clearly marked tabs at the top making it easy to get the details of past trades and current positions. It doesn’t allow you to view multiple charts and graphs at the same time but not all traders need or want this option.
As with their platform, Plus500 only offers one type of account. However you only need 100 Euros as your first deposit and their Demo account is unlimited and free. When you choose to trade with Plus500 you are guaranteed peace of mind as it is an FCA authorized broker but they also offer new customers attractive rewards. Sign up for one of their accounts and you’ll receive £20, T&Cs apply. No deposit is asked for. If you decide you want to make a deposit you can earn a Plus500 bonus as big as £6 000, depending in the size of your initial deposit of course (minimum trading is required and T&Cs apply).
In order to receive your bonus you have to register and download the trading software. But don’t worry as it’s not complicated at all. In fact the mobile app is considered to be one of the most user friendly platforms currently available. Your welcome bonus is only credited once you have verified your phone and you can get a further bonus if you deposit a minimum of £100. When you register and receive your bonus you will be trading in real terms and not via a demo account. You might be advised to first hone your skills before risking any of your own money. If you want to withdraw any funds you first have to accumulate 100 trader points.
Plus500 is a very reliable and trusted broker because they have gone to the trouble of registering themselves with the FCA, one of the most recognised regulators in the financial markets across the globe.
Advantages of Plus500
- They offer a trading platform that is nice, particularly useful for experienced traders
- Many of their spreads are dynamic and all are very competitive
- Profits can be withdrawn easily
- You can trade in a range of instruments
- A low deposit is required to open a trading account
- Its trading platform is very user-friendly
So to sum up, Plus500 is certainly worth a try. It offers secure platforms, is very user-friendly, particularly for the experienced traders, and has been able to reach the heights of success it enjoys due to the nice welcome bonus and attractive bonuses. Тhey offer customer support via email and Live Chat. An email reply will be received relatively quickly. You can deposit money via your credit card, wire transfer or money booker.
Start your forex trading experience with Plus500 and claim £20 welcome bonus no deposit!
T&Cs apply; Your capital is at risk