Plus500 – Trading Platform’s Simplicity
Plus500 is a CFD and spread betting service established in 2008 which has grown to become one of the leading providers of online trading platforms. The company is authorized and regulated by the Financial Conduct Authority and has grown its range of services to offer contracts for difference trading in shares, indices such as the FTSE100, commodities and Forex.
Plus500 has become known as one of the best spread betting and CFD brokers around because no commissions are taken for a transaction. Brokers earn money on the spread for each product but many charge additional commissions for each transaction. By also maintaining a competitive spread, customers are attracted to Plus500 for their ability to structure deals and also due to their status as a top ten broker.
Trading Markets
Plus500 clients have a wide range of markets to choose from when carrying out their CFD or spread betting trades. Account holders can trade shares across 20 global financial markets and also have access to over 50 Forex pairs (such as GBP/USD, EUR/USD and more). Plus500’s clients can also trade Indices with up to 1:294 leverage and low margin as well as spread bet on a long list of commodities with no commission.
Platform Offers
In addition to a user-friendly trading platform and already low spreads, Plus 500 are currently offering customers the chance to register and receive a twenty pound credit to enable them to trade without a cash deposit. It is therefore possible to build a fund with no initial capital as long as a series of successful trades is maintained. The trade in contracts for difference enables individuals to speculate on the future value of currencies but traders do not have to risk the entire capital related to the leveraged deposit.
The Plus500 trading platform is available as a software download for Windows or a web-based platform, as well as a mobile app for Apple, Android and Windows Phone devices. A free demo account is also available on the Plus500 platform.
Special Offers
In addition to the initial £20 Welcome Bonus, Plus500 is offering traders the opportunity to reward their customer loyalty by accumulating trader points which can then be used towards other promotions. A comprehensive list is available so traders can see how their current trades can help them accumulate loyalty points. At the moment, Plus500 offers new account holders a first deposit bonus that requires a minimum deposit and minimum trading points to qualify. Depending on the deposit size and number of points, the bonus can range from £20 to £6,000.
Site Strengths
Trading platform which offers transparency and simplicity.
Good education centre to enable traders to develop different strategies.
Advanced trading tools
Low spreads.
Site Weaknesses
Introductory bonus appears to be a relatively low sum.
Conclusions
Plus500 is an excellent site which offers traders the tools they need to develop a successful trading business. Costs are low and charges do not favour one style of trading over another making Plus500 an excellent choice for anyone looking for a strong forex platform or to conduct other trading.