Plus500 Forex Broker
| Company | Plus500 UK Ltd |
|---|---|
| Established in | 2008 |
| Online since | 2009 |
| International Offices | United Kingdom |
| Payment Methods | Credit/debit cards, Moneybookers, PayPal, Wire transfer |
| Demo Accounts & Platforms | Plus500 Windows Trader, Plus500 WebTrader |
| Account currencies | United States Dollar |
| Regulated & Registered by | FSA U.K |
| Are US Traders allowed? | No |
| Bonus? (detailed) | $20 for new accounts and 30% on initial deposit amounting to $2000. |
| Languages in which website is available? | Arabic, Bulgarian,Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Japanese, Korean, Latvian/Lettish, Lithuanian, Malay, Maltese, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Turkish |
| Languages in which Support is available? | English |
| Different Support methods? | Email, Office Phone |
| Types of Account (micro standard executive islamic) | Standard |
| Minimum deposit in accounts | $100 |
| Minimum position size | 0.005 lot |
| Type of Spread? | Fixed |
| Minimum spread on EUR/USD, pips | 2 Pips |
| Is Scalping Allowed? | Forbidden |
| Types of Trading Instruments (GOLD; CFD, etc. and the leverage) | Forex= 1:50, Gold & Silver = 1:20, CFD= 1:20, Oil= 1:20, Stocks= 1:20, Indexes= 1:20, Metals = 1:20, Energies = 1:20 |
| Real Trading platforms | Plus500 Windows Trader, Plus500 WebTrader |
| Digits after the dot in quotes | 4 |
| Margin call level | 40% |
| Stop-out level | 40% |
| Total Number of currency pairs | 51 |
| Any Bonus offers | Yes |
| Affiliate program Available? | Yes |
| Facility of Overnight interest rates (swaps) | Yes |
| Do they have Trailing stop? | Yes |
| Do they have Pending orders? | Yes |
| Mobile trading allowed? | Yes |
| Browser-based platform present? |
Plus500 forex broker has its office in United Kingdom and was founded in the year 2008. They started their online internet based trading service in the year 2009. The company has all the lucrative offers to attract customers all over the world. They have bonus offers which traders love as it is an added benefit. They offer $20 for any new account opened and have about 30% bonus amount on deposit worth $2000. The affiliate program offered by the company allows you to gain money by referring their friends, family and other acquaintances. They also offer services like trailing stops, pending orders, mobile trading and browser based platform. The company is well regulated by FSA in United Kingdom. They have payment options include credit cards, debit cards, MoneyBookers, PayPal and wire transfers which makes the deposit and withdrawal of fund an easy affair. The account currency allowed in the trader’s account is United States Dollar. Their website is the one of the best in the world and is available in 34 languages and contains all the details needed for trading.
The demo account is also available to the customers and the trading platform offered to them is an in house platform named Plus500 Windows Trader and Plus500 WebTrader which is very fast and helps in successful trading. They offer standard account to their client and the minimum deposit required to open an account with them is $100 and the minimum position size is 0.005 lots. Their customer support service is available only in English but is very friendly and supportive. The spread on the trade is fixed and it allows the traders know about the cost of the trade before placing the order. However, they forbid the use of scalping. They allow many trading instruments like CFD, Oil, Stocks, Indexes, Metals and Energies along with forex and have leverage up to 1:50.
The reviews for Plus500 forex broker is very good and shows that it is liked by its clients. The most loved feature of the company is its in house trading platform Plus500 Windows Trader and Plus500 Web Trader which is loaded with many features and helps in doing successful trading. Their website is available in 34 languages which is very rare. They also have very lucrative bonus offers which are liked by many traders. The minimum deposit required to open an account with them is only $100 and the minimum position size is also 0.005 lots. They offer a large number of trading instruments other than forex but the leverage is up to a maximum of 1:50. It being regulated by FSA in UK is also liked by many traders. The cons associated with the company are that the payment options are very limited and need to be increased, the account currency allowed is only United States Dollar and that the customer support service is available only in English. The overall review is good and the average rating given to the company by its users is 4.8 out of 10.