OPINIONS AND REVIEW OF EVERYTHING WHAT YOU WANTED TO KNOW ABOUT A POPULAR BROKER PLUS500
- Fewer possibilities of automation
- Limiting for professionals
- Social trading does not exist
- Inconvenient for scalping
Nowadays Plus500 belongs to the most popular brokers. Deliberate operation, when even a trader-beginner knows in half of a minute how to start trading, has a lion´s share on its popularity, as well as risk free welcome bonus * which is credited to the client for verifying the telephone number. We recommend trying Plus500 without any obligations and getting a sign up bonus of £20 * without any necessity of deposit right now.
*terms and conditions apply
Click on the icon “Get £20” and a trading interface Plus 500 will appear in a new window. Select “Real money” and after inserting an email address and password you are registered. Then it is enough to fill in some data including your telephone number and you will get an sms with your verification code which you will insert and you will get the welcome bonus * of £20. From this moment on you can start trying Plus 500 with real money and make your first profits.
Before starting to describe a CFD broker Plus500, I recommend you to look at a short video introducing Plus 500.
Remember that CFDs are risky financial derivatives, where financial leverage is used for trading. Plus500 is suitable for experienced traders, not for beginners. You should not trade with CFDs unless you have enough experience, since you might lose your capital. Never deposit more money than you can afford to lose.
Brief description of Plus500
Plus500 is a worldwide CFD broker, providing trading services with forex instruments, shares, electronically tradable funds, crypto-currencies, commodities and indices. Simply said, it is a trading platform in which with only one click you can buy more than two thousand financial instruments from all over the world at current market prices.
Opening of a trade account is free of charge and you can start trading immediately thanks to a bonus of £20 * from Plus500. However, sound trading starts only after depositing your own money, the minimum of which is £100. Plus500 rewards its traders with a generous bonus * of up to £6,000 for the first deposit, which works as real money and after achieving a set turnover can be even withdrawn.
Plus500 belongs to the most profitable CFD brokers of our days offering a fixed spread of only 2 pips on major currency pairs and only 5 pips on oil. Together with a financial leverage of up to 1:294 and simplicity of operation it belongs to the best on-line brokers of today.
*terms and conditions apply
How I enjoy trading in Plus500
I started trading in Plus500 in 2009 when the market of on-line brokers was only developing and I did not belong to the most experienced traders. I was immediately enchanted by its clearly organised application and user friendliness.
I like that immediately after logging-in I can see a list of instruments I can buy or sell with only one click. I choose the amount and immediately see how much I will pay for opening the position. I confirm it with one click and trade. Regarding the fact that one can trade with more than two thousand instruments in Plus500, operation of the trading terminal Plus500 is exemplary. I also appreciate it that there is not a big difference in versions of trading environments for a computer, telephone or web browser.
Today I take for granted that in Plus500 one can trade with financial leverage, however, when I started, I did not know the concept of financial leverage. Advantage of a financial leverage is, that it is possible to buy and sell instruments for many times more money than how much is deposited. For example if I sent £500 to my account and wanted to buy oil, thanks to a financial leverage 1:100 I could buy oil for £50,000! Then even a small increase in the price by 1% would earn £500. However, if I traded without a financial leverage, a 1% increase in the price of oil would earn me only £5 from the £500 deposited. Thanks to a financial leverage from Plus500 I can make many times more money on my successful trading and the best thing is that there is no fee for using the financial leverage.
Although I do not belong to great lovers of financial analysis and I rather try to trade based on short-term shocks in the supply/demand, experts of technical analysis can really enjoy Plus500. Besides classical indicators such as floating averages, RSI, Stochastic, MACD, Bollinger bands, etc. there are tens of other settings and indicators in Plus500. Price graphs in Plus500 are very well readable and their operation is easy.
Why I also like Plus500 very much are the possibilities how I can watch my open positions from a financial view. I mean either automatic closure of the position when the defined loss is achieved, or automatic collection of profits and closing of the position, if the market goes in my direction. Plus500 also offers an intelligent tool for protection of open positions, so-called Trailing stop, thanks to which profitable positions are automatically protected against loss if the trend turns. Thanks to these protective tools I don´t have “to sit at the markets” all the time and I still know that I will not suffer any surprising losses.
Another pleasant thing in Plus500 is very fast and cheap trading. It is no secret that Plus500 does not charge any fees for its services, it is only compensated from the difference between purchasing and selling price of the instrument. Professionals call this difference spread and it is measured in pips. Plus500 offers one of the lowest spreads in the market. Plus500 has spread of only one pip for many forex pairs such as GBP/USD, EUR/USD etc, so you buy e.g. for 1.2345 and can immediately sell for 1.2343. A number of competing brokers start with the spread of 3 pips, which is by 50% more expensive than in Plus500. And believe me that for long-term trading the height of spread is just the main difference, if the money appears on your account or on the account of your broker.
The last thing I would like to point out when speaking about Plus500 is a bonus * for new clients. In Plus500 they like new clients and are ready to thank them for their trust in the form of a bonus *. Everybody who decides to try Plus500 today, will get a welcome bonus of £20 *. This is real money with which one can trade in the real market and earn further real money, not only some virtual “demo money”. This is also the first step if you want to test the platform before your deposit of the real money. Plus500 gives you a bonus * of up to £6,000 for the first deposit of your money.
Register to Plus500 now. It takes only 30 seconds. While you are reading the rest of the review, you can open your first position, e.g. at oil and thanks to a financial leverage you can earn further several tens of Pounds from initial £20. In the discussion at the end of the review you can share with us your results, i.e. how much you managed to earn from your first £20.
*terms and conditions apply
Main characteristics of Plus500
|Financial leverage||up to 1:294|
|Spread||from 2 pips|
|CFD types for trading||shares, forex, commodities, indices, funds, bitcoins|
|Number of instruments for trading||more than 2 000|
|Type of the broker||CFD|
|First deposit bonus *||£20 – £6,000|
|Options for money deposit and withdrawal||Visa, MasterCard, PayPal, Skrill, bank transfer|
|Length of money withdrawal||1-3 working days, depending on the method of withdrawal|
|Application proposed for systems||Windows, Mac, iOS, Linux, Android, Web|
|Licence and regulation||Financial Conduct Authority, CySEC, ASIC|
|Number of clients||more than 1 300 000|
|Separation of clients´ money from company´s money||YES|
|Value of Plus500 according to market capitalization||more than £500 millions|
|Date of set-up||2008|
* Terms and conditions apply
Strengths of Plus500
Straightforward design of trading environment focused on speed and simplicity is typical for Plus500. As can be seen from the slides even a trader-beginner can find out how to buy or sell instruments, where to control open positions and where to check the balance of the account. A big advantage is also a good quality and fast application for smart phones, so one can be at the market almost anywhere and anytime.
Speed is generally a strength of Plus500. Opening of a trading account is fast. Money depositing is fast. Display of current market prices of instruments is fast. Execution of placed orders is fast. Even a client´s support communicating is fast and even money withdrawals are fast, they take 1-3 working days.
Regulation of and supervision over Plus500 is another reason, why to send your money just to Plus500. Plus500 is mothers company seated in Israel. For UK traders there is subsidiary Plus500 UK regulated by a British supervisory authority FCA (Financial Conduct Authority). Plus 500 also have another branches like Plus500 CY Ltd. for European traders and Plus500 AU PTY Ltd. for Australian traders. Moreover, money of the clients are held absolutely separately from the money of the company; according to the last statement of account of June 2014 it was more than £50 millions which shows financial strength of Plus500. The total value of the company Plus500 calculated as market capitalization fluctuates over £500 millions.
When speaking about the strengths of Plus500 it is necessary to mention also one of the lowest spreads, ones of the highest welcome bonuses and a gorgeous financial leverage. These aspects make Plus500 a really exceptional broker who has trust of more than 1,300,000 clients. So many clients can´t be wrong.
Start trading in Plus500 today and get the first deposit bonus up to £6,000 *.
Weaknesses of Plus500
Nothing is perfect and that is true in case of Plus500, too.
Plus500 is not the best choice for expert traders who are able to program their own trading robots. It is a pity. Spreads at Plus500 are extremely low, often only 2 pip and a well-designed trading automat might profit well at such a market. Therefore, if you are looking for a broker at whom you will use your automated trading system, you are unlikely to succeed with Plus500. Plus500 is for ordinary traders of “flesh and blood”.
I would consider another weakness the fact that there is no possibility to connect more computers to control more markets at the same time as it is possible with some competing brokers. On the other hand only professional traders trading 8 hours a day in expensive software such as Reuters Xtra3000 or Bloomberg will miss this possibility.
Plus500 bonus *
As it was mentioned above Plus500 is a generous broker, giving its clients not only a welcome bonus* of £20, but also a bonus* to their first deposit. To get this bonus*, it is important to state the adequate bonus code together with the first deposit. The bonus * can be withdrawn only after collecting a given number of trading points shown in the table bellow.
*terms and conditions apply
|Minimum Deposit||Bonus Amount||Required TPoints||Bonus Code|
One trading point corresponds to approx. £0.5 paid on the difference between the purchasing and selling prices.
Experience with Plus500
In this part of the review I publish selected e-mails and comments from the discussion of Plus500-Review.net readers. It is done so always with author´s agreement.
Strength is in simplicity and this is absolutely true with Plus500. This simple and clear trading platform is popular worldwide as it brings its clients exactly what they expect from it. Fast and cheap trading, gorgeous financial leverage, high first deposit bonus * and reputation of a creditable broker.
Although I would like to give Plus500 the highest evaluation, as I am convinced that perfect things do not exist, I cannot. There is always something to improve and several things could surely be found even with Plus500. Therefore I give 9 stars out of 10 and I would add the 10th star only provided that Plus500 itself was able to earn money : ).
Do you want to trade with one of the biggest global broker? Get a £20 welcome bonus * and start right now!
Discussion about Plus500