Site: Plus500.Com
Established: 1999
Customers Accepted: All Except US Customers – US customer we recommend Etoro
Key Features: Trade Simulator unlimited demo account, Free Real Time Quotes! ZERO Percent Commission
Platform: MT4 trade via the web, downloadable trade desk, blackberry and IPHONE app mobile website for all other phones.
Bonuses: Free $20 when you open a real trading account and verify your information! No deposit necessary. Plus all of our visitors get 30% bonus if you click here when signing up!
Leverage: 1:50, 1:100, 1:200; plus special tailor-made leverage ratios. Dependent on your account type and regional restrictions, contact your personal ASM for info once you signup
Plus500.com have been around for over a decade, providing an independent forex trading platform to both experienced and novice traders. One of the most distinctive things about the plus500.com trading platform is that it only offers one option to trade from. This can deter some traders who are looking for a specific platform, for example Metatrader, but also has the benefits of being a unique, tidy platform which offers different features to the mainstream. The platform is available with mobile, downloaded or online access giving traders multiple solutions to mobile trading.
One of the major benefits of the Plus500 trading platform is that all information is contained within one screen, removing the necessity to scroll down or across the page. The downside of this is that it is not possible to view multiple charts at any one time but this features also makes it an excellent and uncomplicated platform for new traders. The tidiness of the interface makes it incredibly user-friendly, in comparison to the more complex platforms available. The four tabs within the platform allow users to tab between historical trades and open positions quickly and with the one-screen interface. This will certainly appeal to many who find that information overload often inhibits, rather than helps real-time forex trading.
Plus500 offer a free demo to a trader without time restrictions. Therefore, new users and those learning to trade can practice on a demo account before they risk real money on the markets. It also provides an educational section which explains the basics of trading as well as a guide to the markets. These guides are not extensive but provide a good basic outline which can act as foundations for further research and education.
Although Plus500 does not offer live chat or telephone support, its email-only customer support is responsive and efficient. As with much of the philosophy behind the straightforward interface this attempts to keep things as simple as possible and also supports the 24 hour trading hours that Plus500 offer. The company do not charge commissions and also offer fixed spreads which means that novice traders will be able to establish their precise entry price prior to executing the trade. In support of novice trader too, Plus500 only require an opening deposit of 100 Euros and offer competitive 2pip spreads on most major currency pairs. Funding your account is also straightforward and Plus500 supports credit card, bank transfer and Paypal funding options.
Although Plus500 may appear to be too simplistic and unsupportive of the popular Metatrader platform this really is the beauty of their service. Plus500 are obviously aimed at helping beginner traders to develop their skills, without being overloaded by complex trading platforms and offer an ideal access into trading stocks, commodities, forex and indices through its own unique platform. For experienced trader this ma also come as a breath of fresh air and reflects it popularity as one of the foremost online forex brokers.
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