Plus500

Plus500 Review

OK, we’ll say it straight out – Plus500 doesn’t offer many of the bells and whistles that other Forex brokers have. But there’s a reason they’re one of the oldest and most popular Forex brokers on the web, and we are rather certain that it’s because their technology and trading platform are top notch. If you’re looking for something different than a standard MetaTrader platform, it’s worth giving Plus500 a closer look. This broker may be suitable for experienced traders who have their own charting tools and analysis to read, and it’s uncomplicated interface makes it ideal for new traders as well. In fact, many traders find that the Plus500 platform combines just the right balance of technology and logic so that traders can focus more on their trades and less on the distractions that are prevalent on many other trading platforms. For your convenience, deposits to Plus500 can be made via credit card, MoneyBookers and wire transfer.

The research we conducted during our Plus500 review indicated that this platform is especially popular among traders who use a short-term trading strategy, rather than those who use longer-term approaches. Still, we found Plus500 to work adequately for all types of trades. 

Established in: 1999

Regulated by: FSA

US trading: No

Currency pairs offered: 8

ECN trading: No

Spreads: Fixed (2 pips and up)

Minimum deposit: $50

Maximum leverage: 1:50

Minimum lot size: 1,000

Demo account: Yes

Beginner’s trading platform: No

Platform: Downloadable only

Mobile trading: No

Chat support: No

Welcome bonus: Yes

Editor’s notes: A surprising advantage of Plus500 is in the way its straightforward platform juxtaposes with its Spartan website. There’s no question that this brokerage focuses more on fine-tuning its platform than beautifying its website. Email support is available to compensate for a lack of phone or chat support, and during our Plus500 review we found the company’s email team to be both helpful and quick to answer. The Plus500 trading platform is built for both new traders and experienced traders who are looking to break away from the pack and to enjoy straightforward Forex trading without the fluff, and we always appreciate a welcome bonus from any Forex broker willing to offer one.

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Plus500

Visit Plus500 Website

Quick Information

Name: Plus500
Country: Cyprus
Established: N/A
Website: www.plus500.com
Languages: 1
Platform: All

Advantages

  • Ample welcome bonus
  • Excellent platform for new traders
  • $50 minimum deposit
  • Great for short-term traders

Disclaimer

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