The review of Plus 500 Forex broker
Plus 500 is basically a very simple trading platform that looks like a game. It basically targets the experienced traders and allows trading on the high amount of tools. This well-known broker is located in Israel and registered there. Its offices are located in the UK, Australia and Cyrus. They also do not accept US citizens as their clients.
Platforms and account types available
The Plus 500 trading platform Web trader can be used online and also downloaded to the operational systems Windows, to the cellphones and all the androids and IOS. Plus 500 clearly are trying to target themselves to the mainstream. Their platform can be used in 32 languages. That’s why Plus 500 is well known as the World Trading machine.
Web trader is very simple to get started. I very nice and beneficial feature that company offers is Demo account that gives you an option to learn to trade and to participate in traders challenges to get experience before starting real money account. The main feature of this account is that it is unlimited – it gives you exactly as much time as you need to learn everything and to be comfortable.
Speaking of the real account – it is only one type of real money account with a minimum of 200 $ to enter. The Plus 500 is making its goal to attract experienced traders from all over the world. Here you can find very simple and sharp platform for those, who already know what they are doing on the market.
Regulation & License
Plus 500 have regulations by various jurisdictions including the ones located in UK – the Financial Conduct Authority FCA. In Cyprus Securities and Exchange Commission (Licence No. 250/14) . These three are very strong regulatory bodies that are very stringent with the on-line brokers.
Plus 500 are offering quite a bit of tool for traders. They operate with Shares from the markets of 20 different countries. And the number of companies, they are offering shares is very impressive. They do also have a list of Commodities that are most common and well known to trade with and Indices which are represented for more experienced traders. And of course, the Forex pairs are listed here with a number of 54. You will have access to US oil and Energy for example in its EFTs.
Features and bonuses
Plus 500 offers exciting bonuses and competitions to their new clients. They receive 30% of their entry amount plus a bonus when they register their real account.
And what is the most interesting bout Plus 500 – they offer the widest range of CFDs. When it comes to trading fees – no commission is charged and broker fees are generated by spreads only. It basically means is what you – this is what you get. It makes it very easy to calculate is this trade worth taking or no. The typical spread Plus 500 offers to EUR/USD, for example, is 2 pips, which is fairly competitive for an account of a relatively small size.
The broker offers Advanced risk control tools that allow you to see at a glance what you have at risks. The leverage that is here – 100 to 1. This should be more than enough for anyone to have an eventful trading process with low risks at the same time.
The minimum deposit required is only 200$. It means that with quite high leverage and amount of CFDs – it can expose the trader to a high loss. But here comes the guaranteed stop loss – this feature Plus 500 implemented in order for the traders not to lose everything even is the Marked has experienced a dramatic fall.
In conclusion, we can say that Plus 500 is a perfect broker for you if you want to trade CFDs on a very large amount of Assets.