PLUS 500

Plus500 Review

Plus500 Review

Established in 2008, Plus500 has quickly grown into one of the most popular and largest of the online financial trading platforms which provide a downloadable software on which research can be conducted and orders placed. The software communicates with the online platform making real time and delayed orders possible on all types of financial markets including forex, stocks, commodities, indices, CFDs, ETFs and other financial instruments.

Once you open a free account with Plus500 you get full access to Plus500’s suite of services, research and training tools.

 

1. Opening An Account

Opening a Plu500 account was quick and easy. Additionally, I was able to connect my bank account to the Plus500 system without any problems and my first $100 deposit was in and ready to use within 24 hours. Additionally, I was immediately approved to trade with leverage, making my working capital go much further. Withdrawing funds is just as easy once the account is set up and verified.

Plus500 also accept withdrawals and deposits using credit cards, Moneybookers and PayPal. This makes further funding of the account a breeze for full time forex traders. I have often found taking money out of my account full of hurdles with many of these trading platforms, not so with Plus500. Yes, there are security checks in place but I’m glad they are there considering what today’s hackers are capable of, and anyway, once you’ve made a couple of withdrawals and the ‘system’ is in place then further withdrawals are quick and easy.

 

2. Platform Interface

The interfaces are clean and easy to use with tabs separating each CFD category. This really takes out the complicated navigation which plagues most platforms, particularly when you need access to all the types of order types one would expect from a full service broker such as standard entry limits, stop loss limits, trailing stops, and market orders. Oh, and with Plus500 the order limits are guaranteed, unlike most other forex trading platforms.

 

3. Platform Testing

When testing trading platforms one of the most important aspects I look for is response speed and stability. If you are being offered real time quotes in all the major international markets (as you are with Plus500) then there is little point in trusting the numbers if the system response time is slow or hangs. I did not experience any of this and I travel internationally constantly. One thing I would recommend however, is having access to broadband if you are going to trade from wherever you are in the world.

We tried all three interfaces to make trades, namely the desktop software and the web-based platform using a browser as well as an iPad and smartphone. It felt pretty good when I was in Hong Kong airport the other day waiting for my flight home. I had about an hour in lounge and made more from a quick couple of trades using my iPhone than the cost of my flight – and I always sit in the sharp end.

By the way, for our international readers there are versions of the software and web platforms in just about all languages of the world, showing without doubt the international scope in which Plus500 operates. Again something which no other online trading platforms can match.

 

4. Training Section

If you are new to trading (or even if you’re an old hand looking for ways to test and trial your methods) then I would highly recommend you make full use of the demo account. In fact, once you have registered for an account you not only get access to the demo, you also get access to hours of training videos which teach you everything from the fundamentals of forex trading to how to use the platform, to some of the more advanced trading techniques you can use to give yourself an edge.

A word of warning if you are new to forex trading and you’re here to find out how to get started, then please bear in mind that over 95% of forex traders consistently lose when they trade. Most do this because they are too impatient or lazy to learn first and have a few practice (no real money) trades before they try it for real. Most jump in feet first and wonder why they get scalped so quickly.

Don’t let that be you. Plus500 has a superb training set up in all the languages, you would be very wise to make full use of it. And don’t worry, you can use the demo account for as long as you like. Unlike other trading platforms you are not pressurized to move over to real money trades before you are ready, by putting a time limitation on the demo account. With Plus500 it lasts forever.

 

5. Customer Service and Support

Support is available at all times which is important if you’re on the road a lot like I am, although at time of writing it was only available through email. The response was very fast though, I received a reply within five minutes, although my ‘problem’ was only a simple one, and was in fact fictitious.

 

6. Trading License

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority.

 

Plus500 Details

Name of the Broker Plus500
Website Url http://www.plus500.com/
Headquarter’s Location London, England
Founded in Year 2008
Regulation(s): Financial Conduct Authority, ASIC in Austraila
US Clients Accepted No
Telephone Number
Fax Number 44 203 002 7290
E-mail Address support@plus500.com
Account Options  
Type of Broker No dealing desk
Takes Commission
Mini Account Yes
VIP Account No
Segregated Account No
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Leverage options: Shares Up to 1:20
Forex Up to 1:200
Indices Up to 1:200
Commodities Up to 1:100
ETFs Up to 1:20
Minimum Deposit € 100
Deposit Options: Credit Cards, Money bookers, Wire Transfer, PayPal
Withdrawal Options: Credit Cards, Moneybookers, Wire Transfer
Additional Instruments  
Metals Yes
Oil Yes
Gold Yes
Indices Yes
Stocks Yes
Commodities Yes
ETFs Yes
CFDs Yes
Trading Platform  
Platform Type Plus500 Trading Platform
Platform Languages Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Norwegian, Polis
OS Compatibility Microsoft Windows, Mac OS, Web Based, Android, iPhone, iPad
Automated Trading No
Trade From Charts No
Web-Based Trading Yes
One-Click Execution No
Scalping No
Hedging No
E-mail Alerts Yes
Mobile Alerts Yes
Mobile Trading Yes
Trailing Stops Yes
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills Yes
Interest on Margin No
OCO Orders No
Streaming News Feed No
Charting Package Yes
Trading Signals No
Market Commentary No
Customer Service  
Customer Support Languages Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Norwegian, Polish
Customer Service Hours 24/7 by email
Place Trades Over the Phone? No
Bonuses & Rewards  
No Deposit Bonus Yes
Bonus for First Deposit (FTD Bonus) Yes
Is the Bonus a % of the total deposited amount? No

 

 

Bonuses & Promotions

How To Get A Plus500 Bonus

Limited time promotions

How to receive your FREE 25 € Bonus

  1. Download the Plus500 trading software by CLICKING HERE
  2. Click on ‘Real Money’
  3. A New Account window will open. Enter your new account details and click ‘Submit’
  4. In the drop down menu at the top of the page, click on ‘Account’ -> ‘Validate Phone’
  5. Enter your personal details and click ‘ok’
  6. Enter your mobile number WITHOUT the country code and click on ‘Send me a SMS’
  7. You will receive a 3 digit code via an SMS message. Enter this code in the ‘3 digit code’ field
  8. 25 € will be added to your account and you can start trading

 

Bonus Requirements:

  1. To withdraw your free bonus you need 60 TPoints (trader points)
  2. One bonus per household/IP address.
  3. The bonus expires in 3 months.

How to receive your First Deposit Bonus

  1. Download the Plus500 trading software by CLICKING HERE
  2. Click on ‘Trade for Real’
  3. Click on ‘Open a new account’
  4. Click on ‘Funds Management’ in the lower left hand corner
  5. Select a deposit method
  6. Enter the bonus code (from the table below) in the deposit field
  7. The bonus amount will be added to your account once you have traded the required number of trader points

 

Minimum Deposit: 100 €

Bonus Amount: 30 €

Required TPoints: 50

Bonus Code: FIRST100

 

Minimum Deposit: 500 €

Bonus Amount: 150 €

Required TPoints: 150

Bonus Code: FIRST500

 

Minimum Deposit: 1.000 €

Bonus Amount: 200 €

Required TPoints: 200

Bonus Code: FIRST1000

 

Minimum Deposit: 5.000 €

Bonus Amount: 1.000 €

Required TPoints: 1000

Bonus Code: FIRST5000

 

Minimum Deposit: 10.000 €

Bonus Amount: 1.500 €

Required TPoints: 2500

Bonus Code: FIRST10000

 

Minimum Deposit: 50.000 €

Bonus Amount: 7.000 €

Required TPoints: 10000

Bonus Code: FIRST50000

 

*Every instrument gives different TPoints (trader points) per amount traded –

*One bonus per household/IP address.

*The bonus expires in 3 months.

 

 

 

Assets

 

With over 1200 different assets to trade there are simply too many to mention.

But it stand for itself that with that number you probably will find the assets you want to trade among the offering of plus500

 

Currencies EURUSD Commodities Oil
Currencies EURCAD Commodities Gold
Currencies EURJPY Commodities Natural Gas
Currencies USDJPY Commodities Silver
Currencies USDCHF Commodities Coffee
Currencies EURAUD Commodities Sugar
Currencies USDNOK Commodities Copper
Currencies USDCAD Commodities Wheat
Currencies EURGBP Commodities Corn
Currencies EURSGD Commodities Brent Oil
Currencies EURCHF Commodities Platinum
Currencies EURNOK Commodities Heating Oil
Currencies EURNZD Commodities Cocoa
Currencies GBPUSD Commodities Soybeans
Currencies GBPJPY Commodities Palladium
Currencies GBPCAD Commodities Cotton
Currencies GBPAUD Indices YM
Currencies NZDUSD Indices UK100
Currencies AUDNZD Indices IBX
Currencies AUDUSD Indices NIY
Currencies GBPCHF Indices FDAX
Currencies GBPNZD Indices FCE
Currencies GBPSEK Indices FT
Currencies GBPDKK Indices SPI200
Currencies GBPNOK Indices FIBi
Currencies AUDJPY Indices ES
Currencies AUDCHF Indices NQ
Currencies AUDCAD Indices F2MX
Currencies AUDSGD Indices OMXS30
Currencies CHFDKK Indices FESX
Currencies CHFSEK Indices FSM
Currencies CHFJPY Indices FTASE
Currencies CHFNOK Indices OBX
Currencies CADJPY Indices ATX
Currencies CADCHF Indices HSI
Currencies NZDCHF Indices WIG20
Currencies NZDJPY Indices OMXC20CAP
Currencies DKKNOK Most Popular stocks ABN.AS
Currencies SEKNOK Most Popular stocks VOW.DE
Currencies BTCUSD Most Popular stocks UCG-I
Currencies EURSEK Most Popular stocks AF.PA
Currencies EURTRY Most Popular stocks SPM-I
Currencies EURMXN Most Popular stocks DL.AS
Currencies USDPLN Most Popular stocks HEIA.AS
Currencies USDTRY Most Popular stocks WEIR-L
Currencies USDCNH Most Popular stocks SPWR
Currencies USDRUB Most Popular stocks DBK.DE
Currencies USDHKD Most Popular stocks AAPL
Currencies USDSEK Most Popular stocks TWTR
Currencies EURPLN Most Popular stocks SDRL
Currencies USDDKK Most Popular stocks FB
Currencies EURCZK other stocks from USA
Currencies USDHRK other stocks from UK
Currencies USDZAR other stocks from Germany
Currencies USDMXN other stocks from France
other stocks from Italy
other stocks from Holland
other stocks from Australia
other stocks from Spain
other stocks from Poland
other stocks from Hong Kong
other stocks from Portugal
Ireland

 

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