- Established in :
- Maximum leverage:
- Minimum Deposit:
- Minimum Deal :
- Languages available:
- English, Arabic
Plus500, based in the United Kingdom, is a broker and CFD service offering clients a simple and efficient trading platform without any unnecessary frills. Before committing to any trading company, however, it is advised that potential clients read though the following Plus 500 review for a thorough look into the ins and outs of what the company has to offer.
Rather than offer a single trading platform, Plus500 is a little more flexible than other companies. Traders can choose from an online platform as well as a downloadable option. Mobile trading applications are also available for people who are constantly on the move. Additionally, this company caters for Max and Linux users who are limited by the Windows-based trading platforms offered by other companies.
Customer support is offered 24 hours a day, 7 days a week. Clients can contact the company via email, fax and phone. Generally speaking, emails receive a response within 30 minutes, which is infinitely better than the 24-hour benchmark set by most other companies. Although there is no live chat facility available, the company more than makes up for that by ensuring prompt responses at all times.
Plus500 offers trading platforms in more than 20 languages. This makes it suitable for users across the globe, and explains just way the company has such a large client base in Europe and Asia. Being able to bridge the language barrier without translation software is a major perk, especially in the case of novice traders.
Unlike many other companies offering floating spreads, Plus500 offers fixed spreads as low as 2 pips. This applies to the USD/EURO pairing, which is one of the most lucrative fixed spread pairs on the current market. This low spread makes Plus500 one of the most competitive trading companies around.
Plus500 often offers clients bonus deals, the most frequent and popular of which includes a €25bonus without having to make an initial deposit. Plus500 also offers an unlimited demo account, which is a true rarity even among the most well-known trading firms. Potential clients are urged to keep an eye on any new bonus offerings that may pop up in the near future.
Credit and debit card deposits are the fastest way to begin trading, as transactions are processed instantly. Other banking options include Moneybookers, Skrill or Wire Transfer, though these transactions take between 24 and 72 hours to complete. Withdrawals take a minimum of 24 hours to process, due to the fact that an official photo I.D. needs to be uploaded and reviewed.
Plus500 is regulated by the FCA (Financial Conduct Authorities) located in the United Kingdom. The FCA is well-known to be one of the most reliable financial authorities around, offering all traders true peace of mind on every transaction. The guarantee of 100% investor protection on the first £50,000 of processed claims, ensures that clients are covered in the event of any fall-through. It is also comforting to note that every client's money is held separately, further reducing the threat of anything going wrong.