Plus500 was established several years ago and offers traders the opportunity to trade with a broker that is authorized and regulated by the Financial Conduct Authority. The website has a clear cut design, making trading pleasant for all types of traders. Plus500 is currently one of the fastest growing forex brokers, offering its services in over 30 languages. The time is ripe to analyze the credentials of this leading online brokerage.
- Founded in:
- London, United Kingdom
- The Owner:
- Plus500 Ltd
- Authorized and regulated by the Financial Conduct Authority
- +44 020 7754 9177
- Minimum Lot Size:
- Maximum Leverage:
- Minimum Deposit:
- Minimum Trade Amount:
- Maximum Per Trade:
- Languages Available:
- English, Arabic, Malay, Czech, Danish, German, Norwegian, Hebrew, Spanish, French, Bulgarian, Chinese, Croatian, Dutch, Estonian, Finish, Hungarian, Japanese, Korean, Italian, Latvian, Lithuanian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Swedish, Turkish, Greek, Maltese, Icelandic
Plus500 offers traders easy to use trading platforms, which really are a breath of fresh air. These include the Windows Trader, WebTrader, iPhone App/iPad App and mobile trading. The skilled Plus500 team designed their platforms themselves, showing just watch a top grade broker they are. You can choose the platform that best suits your trading preferences. The Windows Trader is downloadable, the WebTrader is web-based and the mobile platform lets you trade on the go.
You can access crucial account and trading features all in one screen. This saves you the hassle of having to scroll much of the time. Freely search your past trades and current open positions via the top tabs on the platform. The negative with this platform is that you cannot view multiple charts and graphs simultaneously, as is the case with other platforms. On the plus side, the trading experience is brilliant for traders that want to trade in a simple trading environment.
Plus500 does not offer anywhere near as many features as other trading platforms. One of the most special features is the free demo which has no time limit, allowing you to practice as much as possible while you trade on any of their other trading platforms. The benefit of the demo is that you can get a good insight of trading with this broker.
Learn the basics of forex trading with the top grade learning center, which is available to all account holders. This feature provides traders with just enough information to understand the way the forex market works. Unfortunately, if you want more sophisticated educational materials, then you will need to trade with another broker.
A big plus is this broker offers great phone support, but the minus is the absence of live chat. Without these two features, it gives us second thoughts about trading with Plus500. We were pleased with the support we received via email, as our messages were answered within 10 minutes. This is the type of email support we are looking for from a top grade broker.
When looking at the industry as a whole, the Plus500 website and trading platforms are very easy to use. The reason for this is that there are few features which are on the website, which has both pluses and minuses. If you are a trader that wants to get straight into trading, then Plus500 might be just the right broker. If you are looking for an easy to use trading platform, plus500 is the place to be.
To conclude, the positives of Plus500 far outweigh the negatives. The ability to trade in over 30 languages has brought this broker much respect. It is true that there is a lack of additional features, but there are resources all over the Internet for novice and professional traders. Take a look at the Plus500 website yourself to see if this is the right broker for you.