Plus500 Review

Details

BrokerPlus500
Website URLwww.plus500.co.uk
Founded2008
HeadquartersCity of London, UK
Support TypesEmail , Phone , Live Chat
LanguagesEnglish UK , English Australia , French , Italian , German , Portuguese , Spanish , Polish , Russian , Chinese , Finish , Swedish , Norwegian , Japanese , Arabic , Hungarian
Trading PlatformPlus500™ Trading Software
Minimum 1st Deposit£100
Minimum Account Size£100
Minimum Trade Amount$5,000 Units
Leverage1:294
Spread2 pips
Free Demo Account Open Demo
Regulated Yes
RegulationFinancial Conduct Authority ( UK ) Number 509909 / ASIC ( Australia )
Commissions Yes
Commission InfoNo commissions
Account TypesReal trading account , Demo Account
Deposit MethodsCredit Card , PayPal , Wire BankDraft , MoneyBookers,
Number of Assets51
Types of Assets Only CFDs with over 2,000 instruments (Shares, Indices, Commodities, Forex, and ETFs) across over 20 different markets around the world.
Trading CurrencyUSD
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score4.5

Pros

  • Only £100 minimum deposit
  • No Commissions
  • £20 Welcome bonus no deposit required ( * T&Cs apply )
  • Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909)
  • Free Demo Account
  • Mobile Friendly
  • Trade Up to 1/ 294 Leverage.

Cons

  • You can only trade CFD's on their platform
  • $5 fee after 3 months inactivity

Last Plus500 review update: 21th July 2017
Plus500 Review - Homepage

Plus 500 UK – Homepage

About Plus500

Plus500 was founded in 2008 and allows you to trade on CFDs with about 2,000 instruments ( Shares, Indices, Commodities,Forex.,..). There are no commissions and you can have a fixed spread. Plus500.co.uk uses Contracts for Difference (CFD’s) and offer trading facilities for shares, indices and commodities and Forex. It uses a PC-based online trading platform and only contacts clients by emails. In 2010 the first Smartphone users were able to trade online. In 2012 the first Android app was introduced.

They are the main sponsor of Atletico de Madrid, one of the biggest football teams in the spanish “La Liga”.

Trading Platform

Plus500 allows you to choose from four platforms, Desktop, WebTrader, iPhone and iPad applications and Android applications. It does not matter what you have they will help you get what platform that you need to trade fast.

Plus500 Trading Platform: Desktop

Plus500 Trading Platform: Desktop

Trades

They offers you a demo account where you can learn about trading CFDs. You can trade CFDs with over 2,000 instruments ( shares, commodities, Forex and indices of your choice ) . You can also trade short or long.

Commissions and spreads

Plus500 does not charge commission on all trades or charge any dealing commissions. Their compensation is from the spreads. This will give traders more money to do more trading.

Customer service

There are no exchange charges and they don’t charge a stamp duty on transactions. The demo account shows you how to trade with no time limit applied. Their outstanding customer support is offered 24 hours a day and seven days a week though phone, email and live chat.

Deposit Options

They offers you a choice of deposit options including credit card, PayPal, wire transfer and MoneyBrokers so you can choose the one that you are the happiest using.

Current Promotion

£20 Welcome Bonus No Deposit Required *T&Cs apply

Regulations

Plus500 is licensed to trade in the UK , Europe and Australia.  Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909), ASIC ( Australia ), and also is listed on AIM section of the London Stock Exchange.

Plus500 Review: Summary

Plus 500 is a cheaper way to trade CFDs across 20 diferent markets around the world and charge no commissions on trading and dealing. There is a range of platforms to choose from so you can trade from just about anywhere. There are also a lot of deposit options allowing you to choose the one right for you. They offer you arrange of platforms for trading. All you will have to do is go there and see it for yourself to see if this is something for you. It does not take long to do just need to go and check it out.

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John Walker

John Walker

Editor at Tradingbroker.co.uk
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as editor at Tradingbroker.co.uk.
John Walker

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