PLUS 500 Review
Based in the United Kingdom, Plus500 is a large broker specialized in CFD trading. Plus500 provides an easy-to-use trading platform that seems to be ideal for easy trading. Trading assets include Forex, Commodities, and ETFs but most importantly a wide range of assets (stocks and indices) using CFD contracts. Here is the Plus500 Review & Rating Summary.
◙ PLUS 500 Review Summary
PLUS 500 BASIC FACTS & NOTES |
||
ECN / STP / MARKET MAKER FOREX BROKER |
PLUS 500 TRADING INFO |
|
Plus500 Assets |
Plus500 offers: more than 45 Forex Currency pairs, Equities, Commodity Assets, ETFs, and other financial instruments. | A wide asset index. |
Plus500 Spread / Commissions |
Plus500 Minimum Spread based on EUR/USD is 2 pips ■ GBPUSD spread is 3 pip ■ USDJPY spread is 2 pip ■ No Trading Commissions |
A minimum spread of 2 pips on EURUSD is expensive compared to other Forex brokers. Note that Plus500 doesn't charge any trading commissions. |
Plus500 Leverage |
Plus500 offers Leverage up to 1:30 | 30:1 is the maximum trading leverage according to EU regulations. |
Lot Size |
The minimum lot size is 0.005 |
The minimum lot size is suitable for beginners. |
Scalping / Hedging |
Scalping is forbidden by Plus500, -N0- Hedging is forbidden by Plus500, -N0- |
Not allowing scalping or hedging and there are delays in order execution. This means that day traders will find it difficult to trade with Plus500. |
Plus500 Platforms |
Plus500 offers: Web Traders | MT4 / Mt5 are not provided but the web platforms offered by Plus500 are easy to use. Their WebTrader must be the best in the market, but note that there are delays in order execution. |
Typical Slippage (EURUSD) |
Slippage more than 2 pip | High slippage, makes Plus500 not a good choice for intraday traders |
Automated Trading |
Automated Trading is not provided, -No- |
Traders who wish to use Expert Advisors should better choose another broker. |
| The Company |
PLUS 500 COMPANY INFO |
|
Plus500 Foundation |
Plus500 was founded in 2008 | Many years in the market and a great customer base from around the world |
Plus500 Headquarters |
Plus500 headquarters are in the UK |
Headquarters in London |
Plus500 Regulation |
Plus500 is regulated by FCA (UK) | Authorized and regulated by the Financial Conduct Authority. FCA UK is a very secure regulatory body. |
| Plus500 Accounts |
|
|
Plus500 Account Currencies |
USD, EURO, GBP, JPY | Accounts at Plus500 can be opened in 19 different currencies. |
Plus500 Deposit Money |
Wire, Cards, and Internet Wallets | Many deposit methods, plus Paypal |
US Residents |
No Plus500 forbids US Residents. -No- |
|
Plus500 Minimum Deposit |
Minimum Deposit at Plus500 is 100 USD |
A normal minimum deposit requirement. |
Rating using Rating Brokers Formula v.4.0
|
RATING FACTOR |
|
|
SCORE |
|
| 1.Plus500 Reliability Analysis | 68.9% |
| 2. Plus500 Competition Analysis | 58.9% |
| 3. Plus500 Trading Options | 88.5% |
| 4. Plus500 Technological Analysis | 32.5% |
| Plus500 Overall Rating | 63.92% |
■ Plus500 Review
> FIND MORE
| □ INFORMATION | » Compare ECN/STP Brokers | » Selecting a Forex Broker | » Basics of a Trading Account |
| □ REVIEWS | » IC Markets | » RoboForex |