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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

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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 – Distinctive, Professional and Fast-Growing

Plus500 was established in 2009 and is a UK based company whose principal office is located in London. They also have a head office for Australian traders situated in Sydney. They are a fast growing CFD (contract for difference) provider throughout Europe and Asia who offer a portfolio of over 2000 instruments to a vast number of clients throughout the world. Plus500 is listed on the London Stock Exchange’s Main Market for Listed Companies.

The main priority for this broker is to stand out above the crowd when it comes to serving clients. Plus500 is able to achieve this through their professional trading environment that is competitive in a crowded marketplace. Having an extensive portfolio that serves over one million clients to date, Plus500 make it their mission to focus on existing client happiness by offering the best services and educational programs. However, that is not to understate their marketing efforts that focus on bringing new clients and increase their share in the market.

Plus500 also place great importance on the development of technological improvement, and this is definitely reflected in their platform which is not only user-friendly but highly innovative too. They aim to become the first global CFD provider, and they hope to achieve this while still continuing to lead the race in innovation and technological advancement for existing and new customers.

Already stacking up achievements and accomplishments since 2009, Plus500 have their sights set on even loftier goals. In 2017 the total traded value reached $1270 billion, and today the platform hosts 317,000 active clients.

Trader With A Focus On Technological Advancement

In such a crowded marketplace it is essential for a broker to offer certain unique features to attract and retain clients. Plus500 secure their position as one of the best brokers worldwide through their continued approach to technological advancement, innovative financial instruments and quality trading platforms.

As well as the many tools Plus500 provide clients to analyse the market and make educated decisions, a stand out feature for Plus500 is the rapid execution of orders, ensuring that delay and price slippage are not an issue.

Offering more than 1000 trading tools, including cryptocurrencies, and Forex ensures traders have freedom when choosing their trade and are able to expand their knowledge and portfolio as they see fit.

Plus500 have a distinguished board of directors and team managers that are continuously working to improve the platform, company and respond to client needs. Furthermore, Plus500 are able to offer tight spreads and do not charge any additional commissions. Working within tight ethical regulations already, Plus500 pride themselves on their philanthropic and charitable activities within local communities, medical research and education.

Plus500 Platform – Unique Trading Software

As previously stated technological advancement and innovation are the highest priority for Plus500, which is why it is no surprise that they are continually investing in their own financial technology. Highlighted through all of their trading platforms offered to clients, technological advancement and continued development is in their own platform, Plus500 platform is among the best in the Forex marketplace to date.

Features of the Plus500 platform include:

  • Easy to use interface
  • Quick and secure transactions
  • Financial instruments that help make trading decisions
  • Available on the web (no need to download to a device)

Withdrawals and Deposits – Easy and Safe

Plus500 realise that depositing and withdrawing your money safely and securely is critically important to traders, which is why they offer clients a host of different methods to both withdraw and deposit money. Options include:

  • Bank Transfer
  • Credit Cards
  • E-Wallets

The process (using any method) takes 24 hours to complete.

A further point of difference that Plus500 boast is that the broker does not take any commission on withdrawals or deposits. And Plus500 also accept smaller deposits of $100 (min).

To process your deposit or withdrawal request successfully, a broker will need to ensure that the same method is used for both. For example, if you deposit with an e-wallet your withdrawal needs to be made with the same e-wallet. This is a criterion that can sometimes be inconvenient; however, it is in place for your own security. The broker will also not accept deposits through third parties, and the trader’s name (as shown on legal ID) will need to be on all methods of deposit and withdrawal.

Excellent Customer Support

Plus500 not only aspires to technological advancement and innovation but at the forefront of everything they do is customer service. Technical support is available to clients 24 hours per day 7 days a week, in 31 languages to serve their customers all over the world. Additionally, customer support is available through live chat, and email communication for those not wanting to speak directly with a representative.

Plus500 also provide all clients with fundamental and technical analyses to support the development of their portfolio in the financial market and increase the client’s chances of making a profit from their trades. All of these analyses are provided by professionals and market experts, which is excellent for both new and experienced traders to use.

Customer support also includes the ability to open a demo account (for a limited period) which is an important aspect to consider if you are looking for the perfect platform to try out your trading strategies. Using market leading encryption systems means that complete security and integrity of your information is paramount. Plus500 offers a professional platform, with tight spreads, educational resources, and a user-friendly environment for clients. Plus500 has taken all of the necessary steps to ensure that customer service is a drawcard for existing and new clients.

Mobile Trading For The Modern Day Trader

It wouldn’t be 2018 and Plus500 wouldn’t be on the cutting edge of technological development and advancement if they didn’t offer the possibility of trading through a variety of devices including PC, Mac, Tablet and smartphone. The unique platform Plus500 Mobile Platform allows traders to trade anytime, anywhere. Using the mobile platform traders can execute and modify orders, control charts, use technical indicators and follow up on the most current market developments anytime they need or want.

Trusted And Regulated Broker

Integrity is at the core of Plus500 and one of the main objectives for this broker. Due to this fact, they have gained a number of licenses which allow them to conduct business in different countries in a legally organised and transparent environment. Plus500 is supervised and controlled by several international financial institutions including:

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

More Than 1000 Financial Instruments to Trade

When it comes to the number of financial instruments provided to clients through financial platforms Plus500 overshadow their competition. With more than 1000 different instruments to trade, if you can trade it, you will probably find it on Plus500.

The financial instruments are divided into 6 categories including Forex, that provide the ability to trade over 50 pairs of major and minor currency pairs with tight spreads. Starting from 1 pip and leverage up to 1:300, Plus500 is by far the leading broker for both novice and experienced traders.

This broker also allows trading:

  • Shares
  • Commodities
  • Energy
  • Metal
  • And Indices

They offer tight spreads on all of these instruments and a leverage of 1:300. Plus500 also list some of the most popular cryptocurrencies to trade through the platform including,

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple

Other Services Offered By Plus500

Plus500 wouldn’t be recognised as the leader they are without offering some significantly powerful additional services. Services that have made them the most preferred broker for literally thousands of traders around the world include:

  • Risk Management Tools: Plus500 offers a group of risk management tools such as stop loss, trailing stop loss, and a 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 robust recommendations that help in making a significant profit.

Reliability and Safety You Can Bank On

Plus500 are also committed to comprehensive “client funds protection” standards. To ensure they keep a strict trading environment, where a trader can feel safe. A clients money is always separated from company funds and held in a number of top-tier banks in which the broker cannot access for any reason.

Plus500 also protect clients from a negative balance, which means the client will not be responsible for large fluctuations. Clients are also protected by Plus500 and the agreements they have with several insurance companies around the world.

Final Thoughts On Plus500

As you can see from the review, Plus500 is respected as an innovative and reliable broker around the world. They offer clients a highly efficient and easy to use platform to conduct their trading, alongside as many other unique services that make trading easier and more profitable.

Plus500 also offer Australian traders some bonuses including a bonus for your initial deposit. Each bonus that you can claim has particular conditions for eligibility and availability. From time to time Plus500 will also offer additional bonuses and promotions to their clients. These promotions will be based on specific criteria and at Plus500’s discretion. If you are eligible to receive one such bonus or promotion in Australia, you will be notified through a message.

For legal reasons and regulatory obligations, promotions may differ or be unavailable to you depending on which country you are in. For this reason, it is essential to check out the website in your country and see what services, promotions and regulations they describe.

For any and all other information visit their website and read through the information detailed, and the FAQ section. If you would like to start trading in the Forex market, open a Plus500 demo account and get to know the platform and tools on offer.

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