Opening an account was completely painless and so was withdrawing and depositing money. I could choose between credit cards, money transfer or e-money such as moneybookers or paypal.With Plus500 you can trade with as little as $100 with 1:10 - 294 leverage.Plus500 – Online trading platform
The Platform accesses real time quotes from the world’s major financial markets and is very responsive. Dealing limits available include standard entry limits, stop loss limits, profit limit, trailing stop, and market orders. All limits are guaranteed too unlike some of their competitors.Trading was very straightforward
with the option to choose either the desktop application or the web-based platform (which I can use with my i-Pad and smart-phone). Their service has 32 different languages, a sign of Plus500’s global reach.The unlimited demo account is free
and they encourage every trader to use it. 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 demo account is not limited by time, something that is quite unusual in the Forex market.Plus500UK Ltd
is authorized and regulated by the Financial Conduct Authority – I felt confident opening an account and trading due to the strength of the regulatory base, regulation by FCA means that my money is protected.I was really surprised by the bonuses.
For example, they gave me a 30% bonus on my first deposit, as well as a £20 gift toward my trading account, that was even before I deposited money!Overall, I was impressed by Plus500, they give you the feeling they really want your business, especially with the bonuses they offer. The main advantages are the unlimited demo account, easy to use yet powerful trading software, the wide variety of instruments and markets available for trading, welcome bonuses, guaranteed stops, and finally, high reliability as it is authorized and regulated by the Financial Conduct Authority. Deposits and Withdrawals
Funding an account at Plus500 can be accomplished through a Visa or MasterCard credit card, MoneyBookers or through a wire transfer. The fastest way to begin trading is by depositing through a Visa or MasterCard. To complete a deposit, the customer need to click on "Funds Management" -> Deposits" and follow the instruction accordingly
Funding an account through Moneybookers is just as easy. The customer must navigate to the "Funds Management" window in the trading platform, select the Moneybookers option, and enter the Moneybookers e-mail address. A new pop up window will open where the Moneybookers transfer can be confirmed.
Deposits made to Plus500 through a wire transfer are generally straightforward but take up to ***five days** to show up in the account. For a wire transfer deposit, go to the "Funds Management" window, click on "Deposit" and choose "Wire", then click on the "Send me Wire Details" option. Plus500 will then email the customer with the wiring details.
The Plus500 email will give the customer the details for wiring funds to their bank and also state the minimum and maximum deposit amounts allowed through a wire transfer. The minimum deposit is £100.00, while the maximum deposit amount is £100,000.
Due to regulation requirements, each customer is required to provide a photo ID (passport, driver's license or other official document) and verify his registered address, before being allowed to make a withdrawal.
This information can be sent via *the Plus500 Contact Us form or by uploading a pdf, tif, jpeg or doc type file with the upload function provided on the Plus500 trading platform. Clients should allow up to 24 hours for the files to be reviewed. If the identification document cannot be scanned, the client can photograph the ID with a digital camera or a mobile phone.
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