Plus500 Review

Plus500 Review

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Plus500 is owned by Plus500UK Ltd, a UK based company with its main offices located in London. The company is licensed and regulated by MiFID and FCA.

The company has been a rapidly growing CFD provider in Europe and Asia and currently offers its portfolio of over 1000 instruments to over a million clients. It is also one of the highest rated CFD trading apps on Apple’s AppStore and Google Play.
Plus500 was founded in 2008. It introduced the first Trading Platform which enabled investors to trade on movements in the price of shares, indices, commodities and forex without having to buy or sell the underlying instrument. The company was listed on London Stock Exchange in 2013.

Features

Traders signing up for a Forex account receive a $100 bonus. There are over 50 currency pairs to choose from and the spread is as low as 2 pips for EUR/USD. A minimum deposit of $200 is required and leverage is 1:200. Plus500 charges no commissions or other trading fees but there is a $5.00 inactivity charge for any account not used for over three months.

One of the nicest features is the company’s free demo account which is unlimited in time and can allow traders to practice for as long as they deem necessary. Unrestricted free demos are not common among other Forex brokers.

The website is available in over 30 different languages but I found the website somewhat difficult to navigate. Some pages had too much information and when I searched for a listing of different accounts and trading platforms it took me awhile to find the MetaTrader4 platform. Customer service is available 24/7 but only a UK number was listed.