Plus500 is one of those brokers that focus primarily on novice traders. If you’re a professional trader and think about trading at Plus500 you will soon recognize that you better look for another CFD broker. But if you are new to the world of CFD trading you should definitely take a look at Plus500 as it is one of the world’s leading Forex and CFD broker and one of the few brokers that offer a $25 no deposit bonus – that means your account is credited with $25 (in real money) and you can start trading with it instantly.
Click here to grab your $25 and take a look at the innovative trading platform at Plus500!
Plus500 software
As already mentioned, Plus500 is a broker that specialises in working with novice traders and their software is the first attribute where you can recognize the kind of traders they focus on. With this in mind, the Plus500 trading platform is extremely simple and does not provide lots of features a professional trader is looking for. It is not like Metatrader, for instance, where you can use lots of different tools to analyse charts properly. The platform is straight and simple and there’s no doubt that everybody will get used to it quite quickly.
There’s also a webtrader available where you can trade directly in your browser without downloading any software. For most traders this is a great feature as you can start right away without a tedious download and installation process. But again, there are virtually no features to analyse charts.
There is also a free demo account at Plus500, which we always recommend new clients take full advantage of to get used to the software.
Background information
Plus500 is a broker with increasing popularity and there are a lot of good reasons for that. But there are also traders with bad experience (or at least they claimed so). There was a rumor that Plus500 is not even regulated but this is just not true. Plus500 is regulated by the FSA in UK and this is definitely one of the best financial authorities. So even if some traders have not been happy with this broker, there is no reason to think that Plus500 is some sort of scam. You will have no problems making withdrawals and we are sure that you will enjoy trading CFDs at Plus500.
Spreads and CFD offering at Plus500
As usual, spreads vary dramatically and you will find CFDs with spreads as low as 2 Pips and others with 10 Pips. It’s impossible to create a detailed list with spreads as the CFD offering at Plus500 is huge.
You can even trade CFDs for US companies that usually have a pretty low volume or maybe you have not even heard about like Altera, Baxter, Renren or European titles like BNP Paribas or Adecco. Generally, the spreads at Plus500 are a bit higher compared to other CFD brokers but you cannot ignore their great bonus program. For example you will receive a 105 Euro bonus with a deposit of 405 Euro. This is a great offer and boosts your trading bankroll immediately. Just take a look at your account when you login the first time and you will have a wide range of bonuses from which to choose.
Summary
Overall, Plus500 is a great CFD broker and there is little doubt that they will establish themselves as one of the market leaders. Due to their focus on novice traders they will work hard providing the best trading platform for traders that are new to CFD trading. And their CFD offering is quite impressive with hundreds of companies from which to choose. On top of all that, $25 for free is another good argument to try out Plus500 and take a closer look at this broker.
You can signup and start trading at Plus500 by clicking this link!
