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Plus500 Forex Broker Review

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Basic Info

Company Name: Plus500 Ltd
Founded: 2009
Regulators: ASIC, FCA, CySEC
Funding Methods: Credit card, Debit Card, Bank Wire transfer, Neteller, Moneybooker Skrill
Support Options: Email, Live Chat
Platforms: Plus500, WebTrader
Minimum Deposit: 200A$
Signup Bonus: $10000
Signup Bonus Code: FIRST50000

Screenshot

Screenshot

Funding Methods

Deposit Options: bank wire transfer, credit card, Debit card, Moneybooker Skrill, Neteller
Withdrawal Options: bank wire transfer, Moneybooker Skrill, Neteller

Hits and Misses

  • Over 300,000 Customers
  • Easy to use platform
  • 24/7 Support
  • No U.S. Customers

Plus 500

Plus500 Background

Plus500 UK Ltd, which is a UK based company, with the main office located in London. The broker is a fast-growing CFD provider in Europe and Asia. Currently, they offer their portfolio of over 1000 instruments to over a million clients.

Plus500’s strategic objectives are to be distinctive in serving clients, by providing a professional trading environment, that enables them to compete strongly and continue to succeed in the future. The broker focuses on their existing clients and makes a great effort to provide them with the best services. At the same time, they are implementing effective marketing campaigns to increase their market share and attract new clients.

Plus500 give great importance to investment in technology and focus on continuous improvement. This is clearly reflected in the trading platforms, and the innovative financial instruments that they provide to their clients. Plus500 have a vision of becoming the first global CFD provider, while continuing to lead in innovation and technology and attracting existing and new customers.

Since its establishment in 2009, the company have accomplished many achievements. They have been able to make a distinguished name for themselves in the world of financial markets. According to the company’s statistics in 2017, the total traded value has reached up to $1270 billion, while the number of open positions has reached 37 million. Today, the company has over 317,000 active clients. In addition, they are proud to have received many international awards as a result of their outstanding services.

Plus500 Unique Features – Lots of Financial Instruments to Trade

One of the most important features of Plus500 is their continued investment in technology, and this is clearly shown in the innovative financial instruments and high-quality trading platforms that they provide to traders. Their trading platforms are characterised by rapid execution of orders without any delay or price slippage. In addition, they provide many tools that are used to analyse the market and make the best trading decisions.

Another feature is that they offer more than 1000 trading tools including Forex and cryptocurrencies. This gives traders a lot of freedom during trading and expands the available investment opportunities for them. Moreover, their spreads are tight and they do not charge any additional commissions.
They have a strong board of directors and a team of managers, analysts and experts who have long experience of working in this field. These teams work continuously to improve the company, and follow-up requests and clients’ needs.

Plus500 distinguish themselves by supporting a wide range of philanthropic and charitable activities. They put pride into following all ethical standards, to engage constructively with local communities, and to assist in medical research and education. Plus500 is the official sponsor of Atletico Madrid Club in the Champions European League.

Trusted and regulated

Transparency and integrity are two of the broker’s main objectives. Therefore, they have obtained a number of licenses to conduct their business in a legally organised environment. The company is subject to supervision and controls by a number of international financial institutions including:

  • The Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Australian Securities and Investments Commission (ASIC)

Reliability and Safety

Plus500 are committed to strict clients’ funds’ protection standards. In order to provide a safe trading environment, in which the trader is comfortable, the client’s money is separated and kept in a number of top-tier banks, where the broker cannot use it under any condition.

They also protect their clients from a negative balance, so the customer will not be responsible for any negative balance that occurs in times of large fluctuations. Plus500 have agreements with a number of insurance companies to protect traders’ funds when exposed to risky situations.

Withdrawals and Deposits – Easy and Safe

Plus500 offer their clients a group of withdrawal and deposit options to suit their needs and desires. These options include bank transfers, credit cards and a number of famous e-Wallets. The process of withdrawal and deposit requires 24 hours for all methods.

The broker does not take any commission on withdrawals and deposits, and they accept small deposits where the minimum is $100. In order to make the process of deposit and withdrawal more secure, the broker imposes traders to withdraw money through the same method of deposit. They also do not accept deposits through third parties, they only accept payment if it carries the same person’s name as it is shown in their legal documents.

More Than 1000 Financial Instruments to Trade

Plus500 is among the best brokers in terms of the number of financial instruments provided to their clients through their various financial platforms. They allow trading of more than 1000 different instruments, divided into 6 groups including Forex. They offer their clients the ability to trade more than 50 pairs of major and minor currency pairs with very tight spreads start from 1 pip, and leverage up to 1:300.

The broker allows trading shares, commodities, energy, metals and indices also with tight spreads and a leverage of up to 1:300. Recently, they listed many of the most popular cryptocurrencies to trade through the platform, including Bitcoin, Ethereum, Litecoin and Ripple.

Excellent Customer Support

Plus500 aspires to be a leader in the field of customer service. The broker’s technical support is available 24/7, and in a variety of 31 languages, to serve customers from all over the world. They use many ways in customer support services including live chat and e-mail communication.

Plus500 provide their clients with technical and fundamental analyses that help them get a closer look at developments in the financial markets, and enhance their chances of making more profits. These analyses are provided by a group of professionals and market experts.

The broker allows their customers to open demo accounts for unlimited periods, and this is an important feature compared to other Forex brokers, who allow opening demo accounts for limited periods. They ensure complete transparency and integrity with a guarantee of privacy and security of the clients’ account under market-leading encryption systems.

Plus500 offers their services with tight spreads through professional platforms. The website of the broker is organised, easy to handle, and is available in 31 different languages to serve customers from different parts of the world.

Trading Software

Plus500 considers innovation one of their most important values. So, they focus on investing in financial technology continuously, and this is shown in the trading platforms they offer to their clients. They have their platform, Plus500 platform, which is among the best in the Forex market.

The platform is easy to use and transactions are quick to execute through it. In addition, it contains a group of smart financial instruments that help in making the best trading decisions. The platform is available on the web so that traders do not need to download it to their devices.

Mobile trading

Plus500 also offer the possibility of trading through smartphones depending on their special platforms, Plus500 mobile platform, which allows traders to be able to trade anytime, anywhere. Through smartphones trading, the trader can execute orders, modify them, control charts and use technical indicators, as well as follow up on all the latest market developments at any time.

Other Services:

They offer the clients a group of services that made them among the most preferred for thousands of traders, these services include:

  • Risk Management Tools: Plus500 offers a group of risk management tools such as stop loss, trailing stop loss, and another tool to calculate the financial leverage in accordance with capital. Such tools do not exist in other brokerage firms and are characterised by enabling clients to trade with confidence and comfort.
  • Trading signals: they offer their traders the trading signals service, which provides them with a set of strong recommendations that help in making a significant profit.

Things to Improve

Plus500 are considered one of the best Forex brokers with many achievements, and they have won many awards during their career. There were some suggestions and improvements demanded by a number of company clients, which include:

  1. They do not provide offers and bonus to their clients as do many other brokerage firms.
  2. They do not provide educational tools to their clients as do many other brokerage firms.
  3. There are no Islamic accounts.

Plus500 said that they are very happy to hear these suggestions from their clients and they will do everything possible to provide all that customers’ needs.

Final Thoughts

Plus500 is considered a reliable broker, which provide the clients with many features. They also support a highly efficient trading environment and offer many unique services that make trading easier.
For any additional information, you can visit their website. If you want to trade in the Forex markets, you can open a demo account with them and get a close look at all the services they offer.

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