Plus 500 review

Please note that Plus 500 does not accept US traders

Plus 500 is a Forex broker which is characterized by ease of use and professionalism. This broker operates worldwide and has customers from almost anywhere across the globe. There are various reasons for the growing popularity of this broker which will all be covered in this Plus 500 review.

Plus 500 maintains very solid relationships with leading banks worldwide. This allows traders to benefit from favorable pricing and reliable order execution. However, there are many more advantages of Plus 500 and also some negative points. Both are listed below.

Positives

• € 20 free real money without making a deposit
• Very tight spreads and no commissions
• Reliable order execution
• Trade Forex, stocks, indices and commodities with the same broker
• Ultra user-friendly software with advanced functionality
• Instant payment methods like credit card and moneybookers
• Opening an account takes only a few minutes
• Withdraw your profits with ease

Negatives

• No support for Meta Trader 4 or other third party platforms
• No support for trading robots

Low spreads and 200:1 leverage

Plus 500 provides very tight fixed spreads (2 pips on majors) and doesn’t charge any commissions or other costs. These low spreads are available also for low volume traders which means that Plus 500’s prices are very favorable in comparison with other brokers.

You can apply a leverage of up to 200:1 to your trades. This means that you can for example enter a trade with a value of € 20.000 with a deposit of only € 100. Of course, this provides opportunities for higher gains but we always have to keep in mind that leverage comes with the risk of higher losses as well.

The Plus 500 trading platform

The Plus 500 multi asset trading platform enables traders to trade not only Forex but also stocks, indexes and commodities. We consider this a big advantage because many Forex traders do not limit themselves to Forex and highly appreciate the possibility of using the same platform and broker for various types of trades.

The interface of the software is ultra user-friendly. Plus 500 manages to make the Forex market accessible to novice traders and provide advanced functionality required by advanced traders at the same time. Many tools required for advanced technical analyses are included in the software.

Receive € 20 free when opening a (free) account

Every trader who opens a free Plus 500 account will receive € 20 free real money in his/her trading account without having to make a deposit. This means that you can generate profit here without risking your own money! U can read more about this here:
Receive € 20 free now

Plus 500 review conclusion

Plus 500 is a good choice for novice as well as advanced traders. We especially recommend this broker because of its ultra user-friendly trading platform, favorable pricing and broad options. Finally, the € 20 free for everyone who opens an account is of course a very nice and welcome gesture.