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Plus 500 Review

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Up to $2,000 first time deposit bonus
June 08, 2011     Favorites0 Add to favorites
 
Editor rating
 
 4.5 User rating
 
 4.8 (2)
About Plus 500 Review

Offering a range of trading instruments, Plus 500 is one of the largest online trading companies. The company has developed easy-to-use software, which can be downloaded to trade online. The software allows trading of stocks, forex, index and commodities.

An individual can register on the company’s website as a free demo user or a trading user. The free demo version of the software allows new users to practice trading in a virtual environment. Trading users have to purchase an account with the company, which allows them to trade across international markets in different currencies. They are also entitled to exclusive bonus rewards on trading.
Details

Broker Info

Foundation Year 2007
Location Cyprus

Trading Info

Platforms Plus500 platform
OS Windows
Max Leverage 200:1
Currency Pairs 12
Spreads 2 pips on EUR/USD
Markets other than Forex Oil • Stocks • Commodities • Indices • CFD
Minimum Deposit $ 50
Minimum Transaction $ 25
Stop Order Yes
Limit Order Yes
Trailing Stop Order Yes
24hr Trading Yes
Free Demo Account Yes
Islamic Account No
Scalping No
Hedging Yes
Bonus Up to $2,000 first time deposit bonus

Contact Info

Plus 500 Review Website
Supported Languages English • Spanish
E-Mail support@Plus500.com
Online Form No
Online Chat No
Address Larnaca, Cyprus
Users reviews

User reviews

Average user rating from: 2 user(s)

Overall rating: 
 
 4.8
Account opening procedure:
 
 5.0   (2)
Trading platform:
 
 5.0   (2)
Money transactions issues:
 
 4.0   (2)
Customer support:
 
 5.0   (2)
Reliability:
 
 5.0   (2)
 
Ratings (the higher the better)
Account opening procedure*
Trading platform*
Money transactions issues*
Customer support*
Reliability*
Pros and Cons
Comments*
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Overall rating: 
 
 4.8
Account opening procedure:
 
 5.0
Trading platform:
 
 5.0
Money transactions issues:
 
 4.0
Customer support:
 
 5.0
Reliability:
 
 5.0
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Reviewed by Sabastian
April 30, 2010
Top 10 Reviewer
Comments (0)
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1 of 1 people found the following review helpful

My last three months with Plus500 has been superb. I have earned a lot of profit by following trading suggestions from their experts. More importantly, I have started feeling more confident when closing a deal. And it is always a great feeling when a good amount of money hits your account.

Initially I chose Plus500 on the recommendation of one of my friends who has been trading for the past 6 years. So, I trusted his experience and opened a demo account with Plus500. I was surprised to see that a novice trader like me was very much comfortable with the trading platform. It offers an easy-to-use interface, news alerts, charting options and detailed analytics. In just 20 days time, I converted to the real trading account. I also appreciate Plus500’s customer support. Initially, I called their customer service many times and they helped me understand the trading platform in a better way. Although there are many other renowned brokers, I will stick to Plus500 for an excellent platform and easy processing.

 
Overall rating: 
 
 4.8
Account opening procedure:
 
 5.0
Trading platform:
 
 5.0
Money transactions issues:
 
 4.0
Customer support:
 
 5.0
Reliability:
 
 5.0
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Reviewed by Peter
April 30, 2010
Top 10 Reviewer
Comments (0)
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3 of 3 people found the following review helpful

Plus500 offers good leverage, which makes it an attractive platform for participating in the forex market. I personally like this broker because it offers a range of trading instruments, such as forex, commodities, CFD and indices. This allows multi-trading on a single platform. The platform interface is very simple and accessible. Trading tutorials available on the company website also helped me a lot in increasing my knowledge of trading strategies.

Trailing stops and orders function well. Withdrawing money is also easy as the order is accepted by the broker without any delay. However, I have found that the real-time information available on the Plus500 platform is not always accurate.

My personal experience with customer care has been excellent. They helped me with the withdrawal of money when I had incurred a significant loss by trading in one stock that was temporarily down. Finally, Plus500 is all about simplicity. It is particularly good for people like me who have less experience in trading.

 
 

Editor review

Plus500 review

Overall rating: 
 
 4.5
Account opening procedure:
 
 5.0
Trading platform:
 
 4.0
Money transactions issues:
 
 5.0
Customer support:
 
 4.0
Reliability:
 
 4.5
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Reviewed by Forex Rate It!
April 22, 2010
#1 Reviewer
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Last updated: June 27, 2011
16 of 20 people found the following review helpful
With operations across the world, Plus500 plays a dominant role in the online forex trading broker market. The company strives to provide high quality trading assistance to its customers through a user-friendly software interface and customer support.

Registration and Account Opening Process
Registering with Plus500 is a simple task. For online registration, a user has to fill an application form, which is similar to filing an email account form. The company allows a free demo account as well. Users can take advantage of this feature to understand the software platform and practice forex trading skills before jumping into live trading. For live trading, users need to purchase a standard account. Plus500 offers mini account services at a deposit as low as $100. Every user receives $20 as a welcome offer. The company also offers a 30% discount on the first deposit.

Trading Platform
Any individual can download the Plus500 platform, which is compatible with Windows XP, Windows Vista and Windows 7. With its multi-asset trading capabilities, the Plus500 platform allows trading in stocks, forex, commodities and indexes. This feature is particularly important for users who do not want to confine their trading to forex.
The biggest advantage of the Plus500 trading platform is its user-friendly interface. It can be used as easily by new users. The company website provides tutorials to help new users develop expertise in handling the software. For a high-end trading experience, the platform offers real time updates from across the world, which makes it a smart choice for even experienced traders. Tools to analyze trends and compare rates are also inbuilt into the system. Thus, it acts as a one-stop solution for online trading.

Money Transactions
Depositing money with Plus500.com is a seamless operation. The website supports money transfer from all major credit card service providers, such as Visa, MasterCard, Maestro, Diner’s Club, JCB and American Express. The same is true for money withdrawal as well. A registered user can transfer money to his banking account through the online services.

Customer Support
The company offers 24 X 7 customer support to users worldwide in multiple languages. A user can seek customer support through fax or email. However, online chat support is missing, which is one of the drawbacks of the company. Most of the users prefer live chat support as it a one of the fastest and cheapest mode of communication.

With several bonus offerings, Plus500 is a lucrative option. Despite a few odds, such as the absence of live chat facilities, Plus500’s user-friendly interface and multi-asset trading capability makes it score high above its competitors.

Pros and Cons

Pros: - Multiple trading opportunities through a single platform, including Forex, CFD, commodities and index.
- Exciting bonuses on registration and first time deposit.
Cons: - Web-based platform not available
- No live chat support
- No MetaTrader 4 platform
 
 


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