Plus500 Review

Sign up to Plus500.com and Claim $100 up to $30,000 in Special Deposit Bonuses and Offers!

About Plus500

Plus 500 is a UK based online broker that has been around for more than 10 years. They have recently achieved full compliance with the Financial Services Authority (FSA) for all their financial services. They’re building up a very solid reputation in the Forex community as one of the top brokers around, so you should certainly check out what they have to offer if you’re looking to open a new account.

Range of Markets Offered

You can trade a very wide range of markets with Plus 500. They offer all the major currency pairs, as well as a number of minor pairs and exotic crosses. You will be able to trade the EUR/USD, USD/JPY, USD/CHF, USD/CAD, EUR/JPY, GBP/USD and AUD/USD, just to name a few. You will also be able to trade all the major stock indices, energies, metals, commodities and even a wide range of international stocks through them.

Spreads and Margins Offered

Plus 500 will allow you to have leverage of up to 50:1 on your positions, and their spreads are certainly competitive compared to other major brokers. You will enjoy a fixed 2 pip spread on the EUR/USD and USD/JPY, and a 5 pip spread on the USD/CAD and USD/CHF. While the leverage offered by Plus 500 is not as high as some foreign brokers, it’s actually a positive move to ensure that you are adequately funded before you enter any trades.

Plus 500 Special Offers or Bonuses for New Traders

Plus 500 are very generous in providing a free $50 bonus for anyone opening an account with them in addition to their first deposit bonus. Once you have accumulated 60 trader points with them, you will be able to withdraw this amount in full. In addition to this bonus, there’s also the first deposit bonus which is paid based on a sliding scale.

The first deposit bonus as offered by Plus 500 is as follows. If you deposit at least $500, you will get a $100 first deposit bonus which can be withdrawn after you accumulate 50 trader points. If you deposit at least $2,000, you will get a $450 first deposit bonus which can be withdrawn after you accumulate 150 trader points. If you deposit at least $5,000, you will get a $600 first deposit bonus which can be withdrawn after you accumulate 200 trader points.

If you deposit at least $20,000, you will get a $3,000 first deposit bonus which can be withdrawn after you accumulate 1,000 trader points. If you deposit at least $50,000, you will get a $6,000 first deposit bonus which can be withdrawn after you accumulate 2,500 trader points. And if you deposit $200,000 or more, you will get a $30,000 first deposit bonus which can be withdrawn after you accumulate 10,000 trader points.

Sign up to Plus500.com and Claim $100 up to $30,000 in Special Deposit Bonuses and Offers!

Features Of Plus 500’s Online Trading Platform & Mobile Trading

Previously, it was quite disadvantageous to trade with Plus 500 because they did not have a web based trading platform, but now that they have rolled out their online trading support they are a very attractive option to many new and experienced Forex traders alike. They also offer you the option to trade on your smart phone device, whether you’re using an iPhone, iPad or Android. You can simply head to the app store and download their trading app, it’s free!

Trading Tools, Online Charts & Education Resources

With Plus 500, you will get full access to their online professional charting platform as well as the ability to use sophisticated trading tools like stop and limit orders to manage your trades. They also provide a free unlimited demo account for you to trade on, which is better than the time limit of 30 days that most other brokers would place on their demos. One weakness that Plus 500 does have is that they aren’t specifically focused on Forex trading, so their range of courses and training for Forex trading is quite sparse.

Minimum Deposit Requirements

All you need is a minimum deposit of $100 to open an account with Plus 500, and enjoy their full range of trading features at your disposal. Why not check out their site if you like what they have to offer?