Plus500UK Ltd is a UK based company and is authorized and regulated by the Financial Conduct Authority. This broker offers Contracts for Difference - CFDs, with a total catalog of over 2,000 underlying assets. It is without doubt one of the most famous brokers in Europe and is extremely popular with traders in our country. This Plus500 review will examine the main features of this broker and provide a guide to its CFD services.
Plus500 works via 3 different proprietary platforms. The first and perhaps the most popular platform is the Plus500 Webtrader that you can use directly in your browser. If you prefer, you can also use the downloadable platform. There are also dedicated applications for Apple, Android and windows devices.
All platforms offer excellent trading, analysis and information tools, like real-time graphs, news feeds, risk management tools and much more.
The demo account is unlimited and allows traders to experience the service and test their strategies for as long as they want. It works just like the real trading account with real market conditions, only you don’t have to use real money for your activity. To use the demo account, download the software and register to the service.
Spreads start from only 2 pips.
Plus 500 offers CFDs on more than 2,000 underlying assets including commodities, indices, foreign exchange, options and ETFs. You can choose from more than 50 currency pairs, including the popular EURUSD, EURGBP, EURJPY and others, less spread currency pairs like EURPLN, USDDKK. You can also find all major indices, raw materials and EFTs and hundreds of shares.
Here is a short video explaining how to use Plus 500 CFD trading:
The minimum deposit to open an account is only 100 Euros.
Leverage is as high as 1:200 for forex & indices, 1:100 for commodities and 1:20 for shares & EFTs.
Plus500.co.uk offers a welcome bonus of 25 euros. You don’t have to deposit any money to earn the bonus, you just need to open an account and provide your mobile phone number. Be aware that minimum trading is required for withdrawal (T&Cs apply). You can receive an additional bonus when you deposit money to your trading account (T&Cs apply).
This video explains how you can receive the no deposit 25 euros bonus and additional bonuses:
Payment methods accepted are: credit cards (Visa/MasterCard), Skrill, Paypal, and bank transfers. Cash is obviously not accepted.
Customer service is available 24 hours a day, and can be reached via a contact form.