Plus500 Review


Plus is a broker where you can trade CFDs on Forex, Stocks, Commodities, Options and Indices which has been operating for around a decade. The company has managed to earn an excellent reputation for being reliable.

The company does not have a sales team calling clients, and no marketers are promoting the service.

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Plus is also listed on the AIM section of the London Stock Exchange. We believe regulation to be critical for any serious Forex broker and the fact that Plus has so many regulations indicates that your funds will be entirely secure when depositing and trading with Plus

The fastest way to begin trading is by depositing through a Visa or MasterCard. Funding an account through Moneybookers is just as easy. A new pop up window will open where the Moneybookers transfer can be confirmed. Plus will then email the customer with the wiring details. The Plus email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer. The minimum deposit is AUD.

Clients should allow up to 24 hours for the files to be reviewed. If the identification document cannot be scanned, the client can photograph the ID with a digital camera or a mobile phone. Nevertheless, they do not offer telephone support, which can be a disadvantage if the customer loses internet service or their computer crashes while trading.

Plus makes a good choice for non-U. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of tight dealing spreads.

Also, the Plus trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen. Visit Broker Back to top. Broker Information Company Name: See what our users say about Plus We use cookies to enhance your visit on our website. When a trailing stop is placed on a trade, it will instantly lock profits as soon as the currency pair or a stock reaches a certain new level and not a level at which it was purchased this helps to limit if not eliminate any of the downward risk associated with not being able to monitor the position.

The company happens to be one of the first brokers with Binatex , Exness, Instaforex , Options Bank and 24option to offer traders leverage on bitcoin trading which were made available as mainly CFDs in The bitcoin CFDs provided by the company expire each month. Bitcoin is given the same treatment as any other CFD which can be traded.

Plus users can also trade bitcoin via their demo account using virtual money. Plus has made sure that their website is accessible in many different languages. Currently, the website is available in 32 languages, and visitors from certain regions of the world are directed automatically to a version of the site in their native language.

Though users have the option to also switch the language manually. The goal is to make it easy for traders to use the platform and understand the business. We have to say that one of the best features of Plus is their free demo which offers traders unlimited money and time allowing them to practice for as long as they need. Plus offers clients a trading platform which gives traders direct access to financial markets via its proprietary set of tools.

This is a web-based trading platform, and so it does not require that clients download and install a piece of software. Being instantly accessible means that clients can gain access to their account from anywhere in the world. The platform is user friendly, but meant for experienced traders. The simple user interface makes the platform very easy to use.

The screen is divided into three sections with the main menus on the left of the screen. The top half of the screen lists all the trading assets with the lower part showing all the charts.

You have the option to choose between a line graph, or candlesticks. The platform also displays all the technical indicators which can be overlayed on the graph to show a much more detailed analysis of currency prices. Traders can also easily adjust the time window of the graph ranging from a minute to a week. The price management tools ensure that traders have a way of minimizing risk. Selecting this option will automatically close a trade once the price touches a predefined level of profit.

This option sets an absolute limit to how much potential losses you can incur regardless of slippage. This is the tool of choice for traders in highly volatile markets. The platform is easily used on iOS and Android. The price alert will warn traders that the price has now reached a certain level. But unlike the other options mentioned above, it will not automatically close the trade. It is important to note that the Plus platform is not just available as a web-based trading platform, but it is also for mobile devices.

The trading app can be used by traders who want to continue trading on their mobile devices. Plus strives to keep things simple and in order to achieve that they offer just two kinds of accounts. The first or basic one is their Standard Account , and the other is a demo account.

Opening an account is pretty simple and requires a handful of steps. On the page, you will need to decide between opening a demo account or a real money account. If you have never traded before or would like to get a feel for the platform, then choose the Demo account.

Also, new users should select a Demo account because they can always switch the account over to a Real Money account later on. Once you have selected the account type, you will then need to enter your registration details. When it comes to the selection of a broker, one of the key factors that have to be taken into consideration is the trading cost.

Costs can be divided into two categories, commissions, and spreads. For Plus, there are no commissions involved in any trade. Instead, traders are required to pay a slightly widened spread on the assets that they are trading. Initiating a withdrawal requires following a very similar process to depositing funds. The usual processing time is around business days. Once your withdrawal request has been approved, it takes a few days for the money to reach your account. Below are a few possible time frames:.

The WebTrader platform in addition to the proprietary trading platform by Plus can be used by traders.

However, the proprietary trading platform displays all the relevant information on the screen which makes it easy to understand.

The four boldly labeled tabs shown on the screen makes it possible to get details about previous trades as well as all present positions without searching for it.