Plus500 is an online trading broker headquartered in the UK. They are regulated and authorized by the British Financial Conduct Authority (FCA) registered under the name Plus500UK Ltd with registration #07024970. The FCA registration number for the firm is ID #509909. They allow clients to trade CFDs on Forex, stocks, indices, commodities and ETFs.
There are two account options available; demo account and live account.
- Demo Account
The demo account has no time limit and could be opened free of charge.
- Live Account
A live account requires a minimum deposit of $100. The maximum leverage for forex accounts is 1:100.
The Plus500 trading platform has four different versions: downloadable, web-based, app, and Apple Watch.
The downloadable version allows users to download and install the app on their computers and laptops, the web-based version can be accessed straight from the internet. For those who want to access the platform through their mobile devices and smartphones, the App version is designed for android, windows and iOS devices together with the Apple Watch platform.
Funding an account can be done through credit cards, wire transfers and Moneybookers. Same goes with withdrawals.
Commissions and Spreads
No commissions are payable on trades that are made on Plus500.com. Instead traders are liable to pay a slightly widened spread on the assets which they are trading in. The spreads vary according to the type of assets traded and start from a minimum of 2 pips.
Plus500 offers a 24/7 customer support service. They can be reached via live chat and email.
They have aggressive offers to new traders which include welcome and deposit bonuses up to 30%. They also offer optimum security since the broker is fully regulated by the Financial Services Authority in UK.
The site is also available in different languages. It automatically appears in the language and currency that matches the IP address from which the site is accessed. They also offer fully equipped technical tools and real time price feeds. They have comprehensive charting software provided together with the trading platform.