Plus500 Review
Regulated by: FCA, CySEC, ASiC
Headquarters: United Kingdom
Ranking: 28
Spread: 0.6 pips (EURUSD)
Leverage: 300:1
Minimum Deposit: $100
Plus500 Review & Author's Comment
Plus500 Review & Author's Comment
Being one of the biggest CFD and forex brokers in the United Kingdom, Plus500 is not only regulated by FCA but also by CySEC and ASiC. In addition to be authorized and regulated by three regulative watchdogs, very wide range of instruments offered by the firm is what distinguishes Plus500 from other forex brokers. If you like to have the opportunity to trade ETFs, options and shares besides standard instruments such as forex, commodities and indices, Plus500 would meet the requirements.
There is a notable drawback for traders who are very used to and fan of MetaTrader though. Plus500 has developed its own trading platform and doesn’t offer any other option in terms of trading platform. Their platform is easy to learn and use however if your trading strategy is based on an automated system (EA), you wont able to run it on Plus500’s platform.
| Broker Detail | |
|---|---|
| Adress: | South Quay Plaza 183, Marsh Wall London E14 9SR, United Kingdom |
| Phone: | None |
| Web: | |
| E-Mail: | [email protected] |
| Regulator: | FCA (Registration number 509909), CySEC (License No. 250/14), ASiC (AFSL #417727) |
| Year Founded: | 2008 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin, Bitcoin Cash, Ethereum, Litecoin, NEO, Ripple, IOTA |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, PayPal, Skrill, Moneybookers |
| Withdrawal Methods: | Wire Transfer, Credit Card, PayPal, Skrill, Moneybookers |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Dutch, English, French, German, Hebrew, Italian, Polish, Spanish |
| Platforms | |
|---|---|
| Supported Platforms: | Plus500 Platform |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 300:1 |
| Spreads: | As low as 0.6 pips for EURUSD |
| Minimum Deposit: | $100 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: |
Plus500 Review
Plus500 Review
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Reliability - 8.7/108.7/10
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Deposit & Withdrawal - 8.2/108.2/10
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Bonus - 5/105/10
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Customer Support - 6.9/106.9/10
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Overall Trading Conditions - 8.2/108.2/10
Summary
Regulation by three strict regulators FCA, ASIC, CySEC. Very wide range of trading instruments including ETFs, shares and options. No bonus, no MetaTrader.
Do you have brokers for beginner,i mean some1 who wil manage my account
Hi Patrick. you can try brokers that offer managed (PAMM / MAM) accounts. FXTM is a good one for this purpose
Apart Forex, it’s nice to know that they also deal with other financial instruments like CFDs, indices, commodities and stocks.
I started trading with P500 from March 2017. I have had losses and successful withdrawals. Both their deposit and withdrawals are seamless. I just loove them !