Plus500 review – real forex broker or just a scam?

Plus500 stamp

Plus500 review

Plus500 with headquarters in the UK is one of the leading forex brokers online and is authorized and regulated by FCA (British Financial Conduct Authority – registration number 509909).

Account Types

Plus500 offers two account types, demo and real. You can open demo free of charge and with no limits to test trading platform or improve your trading strategy. To open real account you must deposit at least £100, which is mimum deposit. Plus500 also offers their traders £20 to trade (T&Cs Apply)  and big bonuses of up to £6,000 for first deposit (T&Cs Apply). Maximum leverage for forex accounts is a 1:200 and 1:294 for indices.

plus500 webtrader1

‘Your capital is at risk’

 

Trading platform

Plus500 offers a simple and easy to use trading platform and technical analysis software for their traders. Plus500’s trading platform allows tarders to trade in multiple markets from same screen with quotes, provides in real time. Clients can trade with CFDs on forex, commodities, stocks, indexes, ETFs and CFDs from the same trading platform. Traders can choose from downloadable version, which can be downloaded to your laptop or desktop, a web trader, which allows traders to trade from any computer, application for iOs, Windows and Android smartphones and also Apple Watch. Plus500 also offers their traders help page with guides how to trade.

plus500 website

Deposits and Withdrawals

Traders can deposit money at Plus500 through many different payment methods; Visa or MasterCard credit cards, Skrill (ex. MoneyBookers) or through bank transfer. Due to regulation requirements, customers may need to provide further documentation, depending on the circumstances, before make a withdraw.
Documents can be sent via their contact form or by uploading trough backoffice. Clients should allow up to 24 hours for the verifiaction.

‘Your capital is at risk’

 

Customer Support

Plus500’s customer service can be reached trough e-mail or online chat and is availible in multiple languages 24/7.

Conclusion

Plus500 is a good choice for all traders with an simple and easy to use trading platform which offers traders to trade many assets at the same time. If you are new trader, you can use their demo account without deposit and test your trading strategy first, while profesional traders can enjoy in low dealing spreads and the big bonuses offered when funding the real account. Overall, Plus500 makes an excellent choice for an online broker no matter if you are new trader or profesional trader.

Plus500 UK LTD is authorised and regulated by the Financial Conduct Authority.
Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission.
Plus500 AU LTD is regulated by Australian Securities and investments Commission – Australia only

‘Your capital is at risk’

Risk disclaimer: Forex trading involves substantial risk of loss and is not suitable for all investors. You may lose more than your initial investment. Please note, that CFDs are the only products that Plus500 offer!

Mobile App iOs, Android, windows
Min. Deposit £100
Mx. Leverage 1:294
Trading platforms Own
Payment methods
  • Credit Card
  • Bank Wire
  • Skrill
Max. Spread 2 pips (tight)
Languages 32
Regulation
Company name Plus500UK ltd