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Plus500 is currently one of the most successful forex brokers and providers of CFD trading services in the world. The company is based out of London, UK where it is regulated to the highest standards by the Financial Services Authority (FSA). It was formed in 2008 and has quickly grown to be hugely successful, especially with those that are new to forex trading, due to the no-frills, user friendly platform it employs.
Plus500 is one of the few forex brokers that offers new clients a free bonus when they sign up. This is currently worth 25 euros and does not require a deposit to be eligible to receive it. In addition to this, Plus500 also offer a deposit bonus that clients can claim when they first deposit funds in to their account. The value of this is up to £5000, depending upon how much you deposit in the first place.
As mentioned before, Plus500 offers a simple-to-use trading platform that appeals to forex newbies but probably isn’t cut out for the more serious, professional trader. It is lacking suck features as MT4 and is based around in-house developed trading technology. Having said this, just because it is simple, doesn’t mean it is bad, just that some of you might require a bit more ‘oomph’ when you are trading.
One of the major drawbacks of plus500 is the fact that it doesn’t provide telephone support. There is 24/7 email support though, and responses are normally received within a thirty minute period
Commission is not charged on any trades executed through Plus500 although there is a small spread that ranges from 2 pips.