Plus500 is a leading CFD/Forex broker that has been in business since 2008. Spreads at Plus500 are very tight, the minimum spread is different for every instrument, but for example on EUR/USD they start from from 2 pips. The trading requirements are quite small, in order to create a real account you need only $100, but you can also take advantage of an unlimited demo account which is offered for free.
The broker is regulated by 3 regulatory authorities:
• In the UK by the prestigious FCA – Plus500UK Ltd – license number 509909
• In Europe by CySEC – Plus500CY LTD – license number 250/14
• And in Australia by ASIC – Plus500AU Pty Ltd. – license number 417727.
All deposits up to $20,000 are 100% insured.
Even though the broker does not offer MT4 as one of the platforms, we still believe that the trading platform of Plus500 is more than decent and can be appreciated even by traders with limited trading experience on complex platforms. Every tool and feature that traders need for trading, are easily accessible from both desktop and mobile devices. The broker has one of the biggest portfolios of tradeable instruments, every trader has access to over 2000 instruments to trade.
Most traders will agree, risk management is very important when it comes to CFD or forex trading. To limit the risk of each of your trades, you can use risk management tools such as:
• Stop Limit / Stop Loss / Trailing Stop
• Guaranteed Stop
• FREE notifications
• Negative balance protection
Free Demo Account
Traders who would rather start trading on a practice account, may open a free unlimited demo account. This account is a perfect opportunity for people who seek a risk-free opportunity to try out the broker, their trading plan or any strategy. Once you establish your demo account, you will be given 20000 EUR demo money. With this capital, you can trade however you like.
Shares of Plus500
Plus500 is a huge company with millions of traders based all around the world. They are listed on the AIM section of the London Stock Exchange (PLUS.L). Did you know that in 2016, the combined traded volume at Plus500 was over 10 trillion dollars? Pretty fascinating, isn’t it?
International Broker That Supports 32 Languages
The fact that the broker really has traders all around the world is also indicated by the broker’s support of 32 languages. So in case you are not a native English speaker, you can choose to trade with an interface in your language.
Spread Only, No Commission Policy
Plus500 is one of few brokers that has a no commission policy. That means that it does not charge any fee for opening a position. The only money that the broker makes is thru the “spread“. Which is the difference between the ask price and the bid price. The spreads are very tight, on the currency pair EUR/USD they start from 2 pips.
We believe that Plus500 is one of the best choices when it comes to choosing a CFD/Forex broker. It is a regulated, transparent broker, that is well respected in the world of trading. It offers a wide range of trading instruments, easy to use platform and tight spreads that are appreciated by thousands of daily traders. The best way to verify our claims is to try out your own FREE unlimited demo account below.