Friday , December 15 2017
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Plus 500 Review

Your capital is always at risk trading the financial market. It can be very intimidating especially if you are relatively new in this industry. There are many different types of brokers offering lucrative trading bonus and excellent trading platform to the retail traders nowadays. But choosing the right broker for you can be very much tricky since it requires an extreme level of research and keen knowledge of your requirements.Plus500 is one of the most reputed brokers in today’s world and many professional traders are considering it as their prime choice when it comes to CFDs trading. This broker provides the wide range of trading instruments to it clients among different parts of the world. From the very moment they have to emerge in the market, they are exploring all the possible sectors to improve their professional service. The experts of Plus 500 team has done an excellent job in providing a user friendly trading environment to the trader. They have earned the trust of millions of traders among different parts of the world through their quality service and dedications.

plus500-logoBack in 2008, the Plus 500 group was founded by the extreme experts of the financial and technical industry. From that very moment, this team is developing with the speed of light and fueling millions of customer’s requirements in the financial industry. They have done an extraordinary job in presenting their service to their retail and commercial customers. They have a strong professional attitude which has earned them huge respect in the online finance industry. Their monthly transaction has exceeded more than 2,000,000 monthly transactions in the last year and still increasing in an exponential manner. Unlike other company their core management never let down their customer service even though they have enough popularity in the finance industry. On February 26, 2014, the Plus 500 has gained a market value of $1,000,000,000 USD which is really an amazing figure. They have gathered all the modern trading resources for successful trading and developed a unique trading environment for its traders. In 2016, the smart programmers of this team have developed a new web base trading platform compatible with desktop and mobile devices. Let’s see the key strength and weakness of this broker in more details.

Basic Information

Establishment date: 2008
Bonus: Varies depending upon promotion T&Cs apply
Minimum Deposit: $100
Max leverage: Max leverage: Shares 1;20 , Indices : up to 1:294 , Forex 1:294 , Commodities 1:151
Spread: Variable
Minimum lot size: 0.01
Scalping: No
Financial instrument: Financial instrument: CFDs on Forex , Shares , Indices , Commodities , Options , ETFs
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Language: Multilingual
Trading Platform: Plus500 Trading Software, Web Trader

Pros:

  • The minimum amount of deposit is quite reasonable compared to its offered service
  • The market feed and the spreads of the trading instrument are excellent
  • Traders can get up to an astounding 7000 euro bonus . minimu, 50000 euro as deposit bonus terms and conditions applicable minimum trading required for withdrawal
  • Though their trading platform is different but the User interface is extremely friendly and highly efficient

Cons

  • They don’t provide any telephone support which is extremely nonprofessional
  • The world most popular trading platform like MT4 is not supported by them
  • They don’t offer different types of trading account which are must have things for the traders
  • They have not set any localized support yet they are working on it
  • Due diligence should be exercised and your capital is always at risk

Binarys Rating:

5 stars

Signup procedure

Plus 500 has done a brilliant job in decorating their signup form. The form is very simple and traders among the different parts of the world can easily signup for a live trading account by using their personal data. Once the signup procedure is completed traders are asked to upload their valid photo id and utility bill so that they can verify their identity. Unlike other brokers the verification procedure is a little bit complex in the Plus 500.Experts make sure that only the legit people are their client since them quality compromises with the diverse customers of different sectors. Their main is to attract potential traders to whom they can show their brilliance in the field of financial service. Before you make your initial deposit to this broker make sure that your account verification process is completed with the right documents. An account with incomplete verification is not allowed to make a withdrawal.
Deposit and withdraw method

The plus 500 team has done a brilliant job by adding much different payment procedures for deposit and withdrawal method. Traders among the different parts of the world have the unique freedom to deposit their trading account in many different ways. The broker supports many current online payment systems and different types’ credit and debit cards for the account funding process. The most popular deposit and withdrawal method in the Plus 500 broker are stated below

  • Credit Cards
  • Skrill
  • PayPal
  • Wire Transfer

If you truly want to become a successful trader in the financial world then there is no other alternative for learning. The Platform offers a number of different trading tools for all traders..  The demo account provided by the broker also helps the traders to back test their trading strategy without losing any real money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any rights to the underlying assets. Please consider our Disclosure documents available on our website.

Summary

Plus 500 has excel in their customer service from the very begging of the time. Over the period of time, the company has grown bigger yet they evaluate each and every single customer with a great level of care. Considering all the parameters and trading environment the Plus 500 is highly recommended a broker in your trading career.

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