Plus500

Details

Broker Plus500.com
Website URL https://www.plus500.com/Trading/Forex.aspx?id=121861&tags=grforexbroker&pl=2
Founded 2008
Headquarters Israel
Support Types Email, Chat
Trading Platform iPhone/iPad App, Android App, Windows Phone App, Windows 10 Trader, WebTrader
Minimum 1st Deposit $100
Info 80.6% of retail CFD accounts lose money
Free Demo Account Yes
Regulated Yes
Account Currency USD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Plus500 has grown with the CFD industry after its introduction into the market in 2008. Known for its reliability and quality of service and having a long experience as a reputable service provider, they have already established a wide financial clout that reaches traders from around the globe.
So is it really worth signing-up with them or is it better for you to look for other options instead? We will cover all the most important factors on this review so you can make that final decision in the end.

Registration

Creating an account was plain easy. There were the customary fields to be filled out such as your email address and preferred password and these were just very basic.

Look

The first step is very easy but to be able to deposit and trade, you need to complete the registration and verify your account.

User Interface

Traders will appreciate the simplicity of their intuitive platforms. It is easy enough to use for new traders yet it provides advanced features useful for expert investors.

These make up for the lack of a flashy design common to other brands that have recently saturated the financial industry. As a whole, using their platforms was effortless.

Platform

What makes Plus500 different from its competitors is that they run their own platform. They have specialized apps which can be installed on the following operating systems and devices:
⦁ iPhone/iPad
⦁ Android
⦁ Windows Phone
⦁ Windows 10

Alternatively, there’s the Web Trader platform which is purely web-based and does not require downloading special software for trading to commence.

All of these platforms come with the following tools to enhance your trading experience:
⦁ Economic Calendar
⦁ Risk Management
⦁ Alerts

Deposit/Withdrawal Methods

To begin live trading, you only to make an initial minimum deposit of $100. It may not be the lowest but it’s definitely not the highest either.

Different methods for depositing money are supported including major debit and credit cards like Visa and MasterCard and other methods like Skrill, Wire Transfer and PayPal.

For withdrawals, requests are handled easily and the processing time usually takes 3 working days. The fact that they return the money of their clients is a solid indication that they are trustworthy.

Assets

Traders are treated to a wide array of CFDs on over 2000 assets choices and cover the following classes:

⦁ Forex
⦁ Commodities
⦁ Crypto
⦁ Shares
⦁ Indices
⦁ Options
⦁ ETFs

So if you’re asking for a wide spectrum of trading activities then there’s no need to look further.

If you’re looking for any particular asset, you won’t run out when you have such a wide variety. Opportunities for trading are definitely here!

Customer Service

Establishing correspondence with customer support is via live chat and email. Initiating live chat, a polite and well-informed representative greeted us and helped us with informative responses to our queries.

And although the email support was not as fast as the live chat, we were very satisfied with their detailed responses to all of our questions.

Regulation

Plus500 is operated by Plus500UK Ltd which is authorized and regulated by the FCA (#509909).

How can I actually use this?

This is a great deal for traders especially for those who are looking a broker that is transparent and honest. The fact that they have acquired a license and passed the strict regulatory guidelines increases their trustworthiness.

Conclusion

Our experience with Plus500 has been very favorable. The platform ranks highly when it comes to navigation, tools and trade execution.

That’s not all…

They are regulated. There is also a huge list of assets to choose from and a responsive customer service to boot.

Together with its very straightforward trading, they have speeded up the withdrawal process. These are the main factors that we always consider.

Overall, we can say that this broker is definitely worth looking into.

*Risk Warning: 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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