Top Options
94%/ 100
Type of Broker: Forex & Binary Options
Regulated: FCA, CySec, ASIC
Payout: Average 80%
Min Deposit: $100
Min Trade Amount: $5
US Clients:
Bonus: $30 No Deposit Bonus
Number of Assets: 50+
Leverage: 1:294
Free Demo Account:
Trading Platform: In-House Developed Platform
Types of assets: Currencies, Metals, CFDs, ETFs
Payment METHOD NAME Charge Time

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Full Review

Plus500 is a forex and binary options broker offering trading services in a wide range of markets including in currencies, commodities, stocks and indices. Founded in 2009, the broker has multiple licenses and regulations. The company has its headquarter located in the United Kingdom. It is one of rare brokers where you can trade forex and binary options simultaneously, this is particularly useful for those who like to hedge their forex positions with binary options trading. Clients of Plus500 can trade with multiple platforms that offer advanced charting, real-time news coverage, mobile & tablet versions and a lot more.  In addition the broker offers 24/7 customer support via email and live chat.

Regulation

Plus500 is authorized and licensed by a number of regulatory authorities.

Plus500UK Ltd (www.plus500.co.uk) is authorized and regulated by the Financial Conduct Authority under license number FRN 509909.

Plus500CY Ltd (www.plus500.com.cy) is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 250/14).

Plus500AU Pty Ltd (www.plus500.com.au) is authorized and operated under license number AFSL #417727 issued by Australian Securities and Investments Commission

In addition to authorization from multiple authorities, the broker also ensures that all funds of its clients are deposited in segregated accounts being maintained with AAA rating banks.

Plus500 Trading Conditions

Plus500 offers great trading conditions as summarized below;

  • Low spreads with no commission or fees, the typical spread in EUR/USD is less than 2 pips
  • The broker offers guaranteed stop loss execution
  • Low latency which allows speedy execution of orders
  • Maximum available leverage is up to 1:294
  • Zero margin used in hedged positions
  • All strategies allowed
  • Offering great trading environment for robots and EAs

In addition to great trading conditions, Plus500 offers various promotions as well. Traders can test the broker’s platform and services with a $30 No Deposit Bonus account. A real trading account can be opened with investment as low as $100. Multiple methods including PayPal, Skrill, credit/debit cards and bank wire are available for deposit and withdrawal.

Markets

Traders at Plus500 can participate in a wide range of markets including shares, forex, Exchange Traded Funds (ETFs), CFDs, metals and binary options. Plus500 is one of only few brokers where traders can participate in both forex and binary options trading simultaneously.

Platforms

Unlike other brokers who offer third-party platforms such as Mt4, ActTrader etc., Plus500 has its own in-house developed trading platform that offers advanced level charting experience, multiple timeframes, some built-in indicators, ease of placing pending orders and much more. The trading platform can be installed on all devices including mobile and tablet. The broker also offers a web version of its trading software which is particularly useful if you access your trading account from a new PC and don’t want to indulge in hassle of installing software.

Deposits and Withdrawals

The broker offers multiple payment methods including Skrill, PayPal, Debit/Credit cards and bank transfers for deposits and withdrawals. To comply with anti-money laundering laws, the company allows withdrawal of money via the same method which was used for making deposit. The name of client on payment method must match with the name of trading account opened with the broker. Withdrawals to electronic money methods such as PayPal and Skrill are processed within 1 business day while withdrawals via credit/debit cards and bank wire may take 3 to 5 business days.

Support

Customer support staff at Plus500 is very cooperative and friendly. The broker offers 24/7 support via email and live chat in multiple languages.

Conclusion

Plus500 is one of the best forex and binary options brokers. It is authorized and licensed by multiple regulatory authorities. Clients of Plus500 can participate in a wide range of markets including shares, forex, CFDs, ETFs and options. The broker offers advanced trading platform for PC as well as mobile devices.