Plus500 is an online trading platform for trading CFDs in forex, stocks, indices, ETFs and commodities. By having a very user-friendly interface and easy to use platform, it manages to make share markets accessible to novice traders and at the same time provide advanced functionality required by advanced traders.
Features:
- Free £20 bonus upon account opening.
- Multiple funding methods: credit card, wire transfer or online payment services such as Moneybookers or Paypal.
- Receive up to a 30% bonus on first deposit.
- Trade with as little as £100 with 1:50 leverage.
- No commissions – fixed spreads.
- The Platform accesses real time quotes from the world’s major financial markets and is very responsive.
- Advanced technical analysis tools.
- Each CFD category has its own easy to use tab.
- Dealing limits available include standard entry limits, stop loss limits, profit limit, trailing stop, and market orders. All limits are guaranteed.
The trading environment has been designed to be as straightforward as possible, with no hidden fees or commissions charged. You can trade online by using either a desktop or mobile-based version of the platform.
The Plus500 trading platform is easy to use and has a very intuitive interface. You can quickly access any investment option you want to trade from the categories on the left panel. Information on that item is displayed in a clear manner in the chart panel. Buying or selling is fast and have several options like ‘Close at profit’, ‘Close at loss’ and ‘Trailing stop’. Additional information like when the market for that item will close can be accessed in the ‘Details’ section. All the tools are close at hand without having to go through a bunch of menus.
The time frames in the chart are easily modifiable by dragging and they range from one tick to one week. There are 18 analysis tools available that are either applied straight on the chart or put on their own separate chart below the main chart. Plus500 also offers a price alert feature that sends you an email or SMS when an item of your choice hits the price you define.
There are training videos explaining how to use the trading platform and exactly how to trade. I picked up some useful tips and the demo account should definitely be used before trading. The unlimited demo account is free and I encourage every trader to open an account and try out the trading platform.
Customer service is available 24/7 through email and fax, although live chat is not there yet. The service is responsive, efficient and friendly.
Plus500UK Ltd is authorized across the EU and regulated by the British Financial Services Authority (FSA). Personally, I felt confident opening an account and trading due to the strength of the regulatory base, regulation by FSA means that my money is protected.
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