|Company:||Plus500 UK Ltd|
|Offices in:||United Kingdom|
|Payment options:||Credit/debit cards, Moneybookers, PayPal, Wire transfer|
|Demo Platforms:||Plus500 Windows Trader, Plus500 WebTrader|
|Account currencies:||United States Dollar|
|Regulated by:||authorized and regulated by the Financial Conduct Authority|
|US Traders welcome?:|
|Bonus? (detailed):||$20 for new accounts and 30% on initial deposit amounting to $2000.|
|Website available in (languages):||Arabic, Bulgarian,Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Japanese, Korean, Latvian/Lettish, Lithuanian, Malay, Maltese,
Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Turkish
|Support available in:||English|
|Support methods:||Email, Office Phone|
|Account Types (micro standard executive islamic):||Standard|
|Minimum account size:||$100|
|Minimum position size:||0.005 lot|
|Minimum spread on EUR/USD, pips:||2 Pips|
Forex up to 1:200
Commodities up to 1:100
Indices up to 1:200
Shares up to 1:20
ETFs up to 1:20
|Number of currency pairs:||4|
|Digits after the dot:||51|
|Trading platforms:||Plus500 Windows Trader, Plus500 WebTrader|
|Trading by telephone:|
|Islamic accounts available:|
|Overnight interest rates (swaps):||Yes|
Important: Your capital may be at risk. Plus500 is a CFD service. Plus 500 offers trading on CFDs on Forex, Commodities,Indices, Shares, ETFs and was established in year 2008 but got online only in the year 2009 and has office in United Kingdom. The trading platform offered by Plus500 is their proprietary and is very fast and hence allows successful trading. The trading platform offered by them is the Plus500 Windows Trader and Plus500 Web Trader and they also offer mobile trading. They are authorized and regulated by the Financial Conduct Authority. They for the time being do not accept US traders. There are many advantages of trading with Plus500.com as they offer 20 U.K pound as welcome bonus to all the new accounts that are opened and also a 30% welcome bonus on initial deposit which may be as high as 2000 pounds.
The minimum deposit required to open an account with Plus500.com is $100 and the deposit and withdrawal can be made using credit card, debit card, MoneyBookers or through wire transfer. The maximum leverage offered by Plus500.com is 1:50. They only work with two types of account that is live funded account and the demo account which allows it for unlimited time before they move to the live account. The commission is mostly made by the company through the spreads and the spread on EUR/USD is 2 pips. Plus500 has a very responsive customer support service and is available in many languages but the support is only through email, phone and office. They do not have live chat support. They allow trading in various CFDs on Stocks, Forex, Commodities, gold and silver. The ETF execution for the non US traders is perfect. All the above features show that Plus500 is an excellent choice as a CFD trading service for professionals. The disadvantage is that it is not open to US traders and the leverage is very low.
To find about the performance of a company the best way is to go through its online review. Though it is very difficult to assess the reliability looking at the review but it does give an insight into its working and reputation. Most of the reviews have traders speaking about the simple and easy to work trading platform. According to them the platform is simple, informative and also have very clear screen. The traders who like scalping must feel disappointed as it is prohibited by the company. Many traders are satisfied with their service and feel relaxed as it is authorized and regulated by the Financial Conduct Authority and feel that their money is safe with them. Many like the fact that they allow mobile trading and especially those who love trading while on the move. Many traders love to trade with them as they allow CFDs on commodities, along with CFDs on forex to trade in. They do not take any commission and earn profit through the spreads. Some of the cons is that they do not have phone trading and online chat. They also do not provide any analysis whether fundamental or technical. However, their overall rating stands at 4.8 out of 10.
Your capital may be at risk. Plus500 is a CFD service.