Plus 500 bonus 2021

Plus500au pty ltd, ACN 153 301 681, AFSL # 417727, issued by the australian securities and investments commission is authorized to issue these products to australian residents.

Huge forex bonuses

Plus 500 bonus 2021, plus 500 bonus 2021.

Derivatives issuer licence in new zealand, FSP #. 486026 authorises us to issue these products to new zealand residents. Plus500au pty ltd, is also an authorized financial services provider in south africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the disclosure documents available on plus500’s official websites. Our verdict is NO. The complaints that we have researched appear to be unfounded or very vague in the best cases.

Plus500

Quick summary

A broker at the top of our list for credibility as they are listed on the AIM (alternative investment market) of the london stock exchange. In addition to this, they also sponsor one of the biggest teams in world football, atletico madrid. In 2017, they also signed up super rugby powerhouse the ACT brumbies.

If you prioritise safety and credibility over bonuses, this broker is the standout choice for you.

Plus500 provides a CFD (contract for difference) service.

Licenses

Plus500 UK ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Plus500 CY LTD is authorised and regulated by the cyprus securities and exchange commission (licence no. 250/14).

Plus500 AU pty ltd, AFSL #417727 issued by the australian securities and investments commission is authorized to issue these products to australian residents. You do not own or have any rights to the underlying assets. Please consider our disclosure documents available on our website.

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Where is plus500 regulated?

Plus500 is authorised and regulated in 3 countries: australia (ASIC), cyprus (cysec) and the united kingdon (FCA).

With australia and the UK both having very strong reputations as stable, first world countries, you can be assured that your dealings with plus500 are safe and secure.

Licenses

Plus500 UK ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Plus500 CY LTD is authorised and regulated by the cyprus securities and exchange commission (licence no. 250/14).

Plus500au pty ltd, ACN 153 301 681, AFSL # 417727, issued by the australian securities and investments commission is authorized to issue these products to australian residents. Derivatives issuer licence in new zealand, FSP #. 486026 authorises us to issue these products to new zealand residents. Plus500au pty ltd, is also an authorized financial services provider in south africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the disclosure documents available on plus500’s official websites.

Plus500 bonus code & deposit bonus 2020

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

All plus500 bonuses and promotions are subject to terms and conditions, including different bonus amounts and limited availability in some countries. Please check the eligibility rules on the website for more information.

All plus500 bonus codes are first deposit bonuses. This means that you will be awarded a bonus amount for making a deposit for the first time according to the table below. Bonus codes are a handy way to start your trading account with a little bit extra.

The following table lists the current bonuses available. Depending on what country you are in, the same bonuses or no bonuses may be available (in the latter case, due to law). We recommend checking the website by clicking here as it will automatically redirect you to the website for your country. If a bonus is available, you will see it on the homepage.

Minimum deposit	bonus amount	required tpoints	bonus code
£100	£20	50	FIRST100
£400	£100	150	FIRST500
£750	£150	200	FIRST1000
£4,000	£500	1000	FIRST5000
£7,500	£1,200	2500	FIRST10000
£40,000	£6,000	10000	FIRST50000

It’s important to note that the plus500 bonuses are subject to terms and conditions. This is normal for any forex broker so that they can protect themselves from people who are not genuine about trading and only want to use the bonuses. The plus500 bonuses come with rules on how and when you can withdraw the bonus money, as determined by something they call “tpoints”.

Tpoints are earned through placing trades. In order to withdraw any bonuses, you must accumulate the required number of tpoints. This prevents people from depositing money then withdrawing everything including the bonus without placing a trade. Bonuses will be adjusted to the currency you choose to open your account in.

Plus500 no deposit bonus

In some countries, plus500 do have a no deposit bonus which can be obtained by verifying your account. This may not be available to all countries so please check by clicking here. If your country is eligible for a no deposit bonus, you should see it as a promotion on the homepage, such as the example below which is from the plus500 australia website:

Minimum & maximum deposits / withdrawals

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Plus500 minimum deposit

The minimum deposit at plus500 is 100 units of the local currency, e.G. $100 USD, $100 AUD, £100 GBP.

Plus500 maximum deposit

The maximum deposit will generally be limited by your deposit source. Bank transfers are the best option if you wish to deposit a large sum of money for your trading account.

Your deposit options include: paypal, skrill, credit card or bank transfer.

Plus500 minimum withdrawal

The minimum withdrawal depends on your withdrawal method.

The minimum withdrawal amount for paypal and skrill is the lesser of $50USD (or equivalent in the base currency), or your available balance.

The minimum withdrawal amount for bank transfers and credit cards is the lesser of $100USD (or equivalent in the base currency), or your available balance.

Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency).

Plus500 maximum withdrawal

At this time, there is nothing in the user agreement that mentions a maximum withdrawal amount. Therefore we assume that there is no upper limit to withdrawing your balance.

Plus500 bad reviews

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

It should be accepted that people by nature are more likely to complain than to praise. Therefore, rather than simply look at the weight of bad reviews vs good ones, our job here is to conduct thorough research and form an opinion on how well plus500 handle customer complaints when they appear to be legitimate.

Is plus500 a scam?

Our verdict is NO. The complaints that we have researched appear to be unfounded or very vague in the best cases.

A lot of them appeared to revolve around the $30 bonus which has clear terms and conditions yet the customers hadn’t read them properly.

Other bad reviews spoke of withdrawals not being processed, but nobody uploaded real screenshots or evidence of any kind to support their case.

Forum posts by users with just the 1 post which is the bad review, minimal information, no continuity in the threads etc. Can’t be considered sufficient evidence in our opinion to call plus500 a scam broker.

We looked through the following websites:

How to trade bitcoin at plus500

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

You can trade bitcoin with plus500 through their CFD (contract for difference) product. Please be aware of what CFD’s are prior to trading. In short, CFD’s are a type of transaction where you are taking up a position on the buy or sell side of an instrument which in this case is bitcoin. You enter into a contract with plus 500 for your trade and don’t actually purchase the underlying asset. Therefore, if you “buy” bitcoin via a plus 500 CFD, you aren’t actually purchasing actual bitcoins. You are just buying into an agreement that the bitcoin price will rise. As the price fluctuates, you are able to see whether you are in profit or loss.

Similary, if you think that the price of bitcoin is going to go down, you can “sell” bitcoin via the CFD. In this example of a “sell”, it becomes easier to understand the CFD product because how can you sell bitcoins that you don’t own in the first place? In other words, if you really had bitcoins of your own, then “selling” them would result in an instant transaction that takes place at whatever the price is at that time. You would simply receive whatever dollars it is worth, and future movements regardless of whether it goes up or down don’t affect what you were given for your bitcoin.

In a CFD scenario however, taking up the “sell” side means that as the prices fluctuate, your profit or losses keep changing. Here’s another easy example to understand a CFD. Suppose that the bitcoin price is currently $10,000 USD. You believe that it’s going to go down and your friend believes it’s going to go up. Neither of you actually own bitcoin, but want to bet against each other with your opposing views.

You agree with your friend that for every $1 that the bitcoin moves in price, the person who was wrong will pay $1 to the person who was right. You both agree that the bet will be decided according to the price in 12 hours time. If bitcoin ends up at $10,500 then you have to pay your friend $500. If the price ends up at $9,500 then your friend has to pay $500 to you.

This is basically a CFD. You just entered into an agreement and somebody made money and somebody lost over a commodity which neither party actually owned.

What is trust score?

This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.

Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.

Whilst trust score provides a good insight into the broker’s reputation, our overall rankings are based off our own thorough reviews plus the user reviews. Therefore, brokers with a high trust score aren’t always guaranteed to be ranked at the top.

Plus500 scorecard – 89 / 100

Extra credit: plus500 ltd is listed on the AIM section of the london stock exchange.

Major sponsorships: plus500 sponsors spanish football giants atletico madridas well as super rugby franchise the ACT brumbies in australia.

Trade with the UK's no. 1 CFD broker 1

Reliable, simple, innovative.
Trade the UK’s most popular: UK 100, GBP/USD & EUR/GBP with our CFD service.

Get more

We offer the complete package:

Tight spreads

No commissions

Fast and reliable order execution

Global offices & account features

Trade with trust

Plus500uk is authorised and regulated by the financial conduct authority (FRN 509909)

Plus500 ltd is a UK FTSE 250 company listed on the london stock exchange’s main market for listed companies

Your funds are kept in segregated bank accounts

* some of the payment methods may not be available in your country.

Take control

Use our advanced tools and features to gain control on your account:

Stop limit / stop loss / trailing stop

Guaranteed stop

FREE email & push notifications on market events

Alerts on price movements, change % & traders’ sentiments

Explore markets

Trade the world’s most popular markets and explore endless trading opportunities. We offer +2000 financial instruments, FREE real time quotes and dedicated round-the-clock customer support.

Play fair

Plus500 is proud to be the main sponsor of powerful teams across the globe, achieving more together

Trader's guide

Plus500 in 2019

Trading at your fingertips

Trade anywhere, anytime using our various platforms.

Need help?

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Plus500 is mainly compensated for its services through the bid/ask spread. Check our fees & charges

1 by total number of relationships with UK CFD traders. Investment trends 2020 UK leverage trading report.
Plus500 is a trademark of plus500 ltd. Plus500 ltd operates through the following subsidiaries:
plus500uk ltd is authorised and regulated by the financial conduct authority (FRN 509909). Cryptocurrency cfds are not available to retail clients. Office address: plus500uk ltd, 8 angel court, copthall avenue | london EC2R 7HJ.
Plus500cy ltd is authorised and regulated by the cyprus securities and exchange commission (licence no. 250/14). Cryptocurrency cfds are not available to UK retail clients.
Plus500au pty ltd holds AFSL #417727 issued by ASIC, FSP no. 486026 issued by the FMA in new zealand and authorised financial services provider #47546 issued by the FSCA in south africa.
Plus500sey ltd is authorised and regulated by the seychelles financial services authority (licence no. SD039).
Plus500sg pte ltd (UEN 201422211Z) holds a capital markets services license from the monetary authority of singapore for dealing in capital markets products (license no. CMS100648-1).

Get plus500's special €65 no deposit bonus for 2021

Get special €65 bonus for 2021 on your plus500 trading account.

2021 trades are around the corner. Special €65 bonus for 2021.

Wishing you a new year full of health, happiness, and exciting trades.

2020 proved to be a year of surprising lows and historic highs.

To celebrate 2021, plus500 offers you a € 65 trading bonus, so you can take advantage of new trading opportunities!

Bonus code: NEWYEAR21ID.

So, let’s answer some key questions:

Can I use this money to trade? Absolutely! Go to the deposit screen and enter your code along with your deposit. Upon fulfilling the bonus requirements, the funds will be applied to your account balance. What if it’s still 2020? Good job preparing early! When can I start trading? Once your registration is complete, sign in to your account and get started.

Ready to redeem your bonus?

Plus500

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Broker service review of plus500, the world's trading machine. Invest in cfds with plus500.

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Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Plus500 review 2021

Plus500 is a regulated CFD provider. They are also regulated with other top-tier regulators i.E. Cysec & FCA in UK & ASIC. They offer good trading environment, with low fees & minimum deposit from $100. Read our full plus500 review to check and compare them.

Plus500 is a CFD provider that was established in 2008 and now they have more than 320,000 active customers. They offer CFD trading on forex, commodities, cryptocurrencies, and indices etc.

Plus500 is a licensed CFD provider accepting south african traders, and they are also listed on london stock exchange, and are regulated with multiple top tier regulators, that makes them a reliable CFD platform.

In south africa, plus500 has a financial services license from FSCA under company name “plus500au pty ltd” since 07/02/2017, with FSP under license number 47546. And they are also regulated with global regulators: ASIC (australia), FSP, cysec, and FCA (UK).

Plus500au pty ltd. (ACN 153301681) is licensed by: ASIC in australia, AFSL #417727, FMA in new zealand, FSP #486026; financial services provider in south africa, FSP #47546.

Here’s a transparent look into the plus500’s regulations, trading fees, platform(s), support & more.

Plus500 is regulated with ASIC (AFSL #417727).

Their trading fees is very low

Their minimum deposit starts from $100.

Their proprietary trading platform is easy to use.

They offer multiple trading instruments on their platform including cfds on forex, cryptos, commodities, shares etc.

Free demo account is available.

Plus 500 does not have have south african phone number for support.

Their education section is limited.

Plus500 – a quick look

�� broker name	PLUS500AU (pty) ltd
�� year founded	2008
�� website	www.Plus500.Co.Za
�� plus500 minimum deposit	$100 (ZAR 1500)
⚙️ maximum leverage	1:300
��️ major regulations	FCA (FRN 509909), cysec (licence no. 250/14), ASIC (AFSL N. 417727), FMA – FSP #486026, FSCA – FSP #47546
��️ trading instruments	cfds on forex, commodities, cryptocurrencies, shares, etfs & indices

Regulations and safety of funds

Plus500 is regulated with several financial market regulators including australian securities and investments commission (ASIC), UK’s financial conduct authority (FCA).

Below are plus500’s regulations:

Financial conduct authority (FCA):

Cyprus securities exchange (cysec): they are also regulated with cysec under licence number 250/14 since 2014 as plus500cy limited.

Australian securities and investments commission (ASIC): plus500 is also registered with australian securities and investments commission as PLUS500 since 2013.

For protection of south african investors, plus500 provides negative balance protection, which means that your loss cannot exceed your account balance.

Also, they offer guaranteed stop on CFD trading, so even if the price moves significantly against your position, your order will be closed at guaranteed price without any slippage.

Plus500 fees

Plus500’s trading fees is low, and they don’t charge any fees on deposits or withdrawals. But they charge some fees for inactivity; if you don’t login to your account.

Low spread:

Note: the above screenshot is for reference only. Actual spread on their live platform, would vary as per live market conditions & your trading instrument.

$10 inactivity fee: plus500 applies inactivity fees to their clients. A fee of up to $10 will be applied if you don’t login to your account; for the defined time in user agreement while signup.

Overnight charges: whenever you hold any trade position open overnight, plus500 will apply overnight charges in trading fees. This may vary depending upon the type of currency pair which you can check it on their website & their platform.

No deposit or withdrawal fee: plus500 don’t charge any fees on deposit or withdrawal to their customers. But your bank or payment gateway may apply charge(s) on your transaction; which you may need to confirm before requesting the deposit or withdrawal.

Plus500 account types

Plus500 offer 2 types of trading accounts, demo & live.

For opening a live trading account, you can start with minimum deposit of $100. While demo account is free, and can be opened without any charges.

Now I am going to explain the features of both trading account of plus 500:

Plus 500 demo account

Demo account is a good feature that is provided by plus500 for free.

Plus500 demo account is valid for unlimited time, which means you can practice using a demo account until you feel comfortable to start trading using a real amount.

Plus500 live trading account

Plus500 does not offer variety of live trading accounts like so many other CFD providers. They have 1 live account with all the features.

You can open the live account at plus500 south africa with a minimum deposit of $100 or R1500. This will give you access to their features like risk management tools, access to economic calendar, availability of all trading instruments at no extra cost.

Live trading account clients at plus500 can trade with leverage of up to 1:300.

How to open account with plus 500

Step 1) download the trading software: first of all you need to download the trading software from plus500 website. After downloading the software you need to install it on your device like PC or mobile.

Step 2) create account: now you need to create a real money account with them using the installed software. You can also start with demo account and then later switch it to real money account when required.

To complete the verification for live account, you have to submit some documents (ID, residence verification). There are also several documents to read and a questionnaire that you need to fill to prove adequecy.

Step 3) verify the phone number: once done with creating the account, you need to verify your active phone number. For this you simply need to click on verify phone number after creating your account with them.

Step 4) fund account: after verification, you will receive a notification via email on your registered email. After that you can add funds to your account to start trading.

Congratulations! Your account should be created now after following these steps. You can start your trading using your deposit funds with them. You can also ask for help in case of any issue or query regarding the trading and their trading platform.

Plus 500 trading platforms

Plus 500 proprietary trading platform: A user can download their own trading platform on their computer and can use it for trading. Moreover a web based program does not need to be downloaded and can use used using any of your device browser. If any trader want to use MT4 or MT5 version then it is not available for you.

Mobile trading app: plus 500 offer mobile trading app for all mobiles like apple, android and also for window mobiles. Mobile app have also those features that of web and downloaded version.

Plus500 deposits & withdrawals

Deposit methods

Plus 500 does not charge any fee on deposit and withdrawal with them. But your bank or payment gateway may charge you which you need to confirm it before the transaction.

You can make a deposit with them using any of the below method:

Credit and debit card (minimum amount 1500 ZAR): traders can use their credit or debit card like mastercard, VISA card to make a deposit with them. There is instant activation in case of using card for making deposit.

Bank wire transfer (minimum amount 3000 ZAR): you can also transfer from your bank account to their bank account. You will get their bank account details from the trading platform panel while clicking the deposit option.

E-wallets (minimum amount 1500 ZAR): if you are using E-wallets then you can use make a deposit with them using the electronic wallets like skrill and paypal.

Withdrawal methods

Withdrawal methods are also same as of deposit methods as described below:

Credit and debit card (minimum amount $50): traders can use their credit or debit card like mastercard, VISA card to receive a withdrawal. You can send your card details to them which you used once on their website.

Bank wire transfer (minimum amount $100): users can also send their bank account details to them via email while requesting for withdrawal.

E-wallets (minimum amount $50): if you are using E-wallets then you can send your wallet details to them.

Plus 500 bonus

Plus500 has a bonus available for south african customers. The bonus amount depends on your minimum initial deposit.

Welcome bonus on deposit:

Note regarding plus500 bonus: you need to use the bonus code to avail your bonus. You can contact them before making your first deposit and ask the exact bonus amount that you will get in your trading amount.

Can you withdraw the bonus? It can be withdrawn after certain trading volume requirements are met.

Plus 500 customer support

Plus500 has good customer support available via live chat, whatsapp and email. They are very quick in responding.

Live chat support: the live chat support is available in their panel.

No local phone number: plus 500 does not have any local phone number in south africa, but they do offer support via whatsapp. For now, they don’t have any local or branch office in south africa.

Contact form or email: they normally reply within 1-2 hours to all emails & contact form requests. This is very fast when compared with some other brokers that take 24-48 hours..

Yes, plus500 is a reliable CFD platform. We recommend them for south african traders who are familiar with CFD trading & its risks.

Their trading fees is also quite low in comparison with other platforms, with no fees on deposits or withdrawals.

The minimum deposit of $100 is not very high. Their platform is also quite user friendly & easy to use, with multiple trading instruments available for trading.

The support is also quick & reliable, available 24/7 via chat, emails. Although phone support is not available, but they do have a whatsapp number.

Overall, trading with them is considered be safe.

Plus500 south africa faqs

Does plus500 offer ZAR account?

Yes, south africa traders can open ZAR base currency account at plus500 south africa. The minimum deposit is R1500.

What is the minimum deposit at plus500?

Plus500 has a minimum deposit of $100 for south african traders. In case you are opening ZAR base currency account, then the minimum is ZAR 1500.

Is plus500 regulated with FSCA?

Plus500au is authorized financial services provider in SA (FSP #486026). So, south african traders can safely choose them for CFD trading. Note that CFD trading is risk, and you must be aware of the risks before trading.

How to withdraw money from plus500?

Traders can request withdrawal by logging in to plus500 client panel & go to “funds management” > “withdrawal”. You will fund all the withdrawal methods & the time it will take.

"do you have experience with plus500? Please consider sharing your experience with a review below – good or bad – doesn’t really matter as long as it’s helpful to other traders!"

We only accept user reviews that add value to fellow south african traders. Unfortunately, not all reviews that you post with us will be published on the website. For your review to be approved, please share your detailed & honest experience with the broker – either positive or negative. Thank you for helping out other traders with your valueable feedback!

Important: we don't accept any payments or kickbacks from any forex broker(s) to delete or change any reviews. We welcome forex brokers to reply to reviews on our website & share their side of the story to keep the process honest and fair for both sides.

Submit your review

1 user reviews for plus500

My trading account is blocked (19 may 2020) and I cant take any new positions. The only customer support available is email, not whatsapp or any chats, including facebook. When you email them, you get a reply from a robot – hence nothing gets sorted out. I think when you keep on loosing money then everything is okay, but once you make a profit, technical issues start appearing out of nowhere and they stop you from trading. I’ve tried about 50 times to make contact without success.

Disclosure: we may earn a small commission if you decide to sign up with the broker through links in this review. Thanks for your support!

South african traders can trade with plus500

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Risk disclaimer

Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..

Plus500 sign up bonus

Plus500 does not offer traders a first time sign up bonus.

When registering a real account with plus500, traders do not receive a welcome bonus, but traders can, however, can become eligible for a deposit bonus with the first deposit into the trading account.

The deposit bonus offered by plus500 allows traders to earn credit which ranges from ZAR 850 to ZAR 70,000 and is subjected to the minimum deposit along with the trader points that the trader has accumulated.

This bonus is non-withdrawable although the profits thereof can be withdrawn, and demo account holders will not be considered eligible unless they register for a real account.

A welcome bonus, no deposit bonus, or deposit bonus serves as one of the best ways through which brokers can attract new clients or motivate demo account holders to register a real account.

10 best rated forex brokers

MT4, MT5, C trader, R trader

Referral bonus

Plus500 does not offer a referral bonus at the time. The referral bonus offered by numerous brokers revolves around traders referring a friend or family member in registering a real account with the broker and subsequently rewards both the trader and the referral.

There are often strict terms and conditions involved with such bonuses and both referrals and traders need to comply to strict criteria before the bonus terms can be met. Only live trading accounts qualify for such bonuses, demo accounts are not considered eligible.

Additional bonuses, promotions and rewards

Plus500 does not offer any additional rewards and although provision is not made for either a broker bonus or a trading bonus, plus500 has trading conditions that are reasonable when compared to other brokers.

Although traders who open a demo account will not be eligible bonuses, it may encourage them to register for a real account to be able to benefit from first time sign up.

Plus500 does not offer loyal customers cash backs or other trading bonus schemes which may ensure the steady use of trading accounts and encourage trades in higher volumes, and this may deter traders from using the trading account beyond the initial deposit.

This can however be offset by the trading conditions that plus500 offers in comparison to other brokers when comparing both trading and non-trading fees.

Pros and cons

PROS	CONS
deposit bonus offered	minimum ZAR 4,000 srequired to qualify for deposit bonus
low minimum deposit required	no rewards for loyal customers
one account type offered with the option of an islamic/swap-free account along with a demo account offered	no trading bonus
no broker bonus
no welcome bonus, first time sign up bonus, no deposit bonus or referral bonus

Conclusion

Despite only offering a welcome bonus at the present time, plus500 makes up for this by providing extremely competitive trading conditions that include tight spreads, commission-free trading, numerous financial instruments that can be traded, and more.

Plus500 caters extensively for a variety of traders despite their trading needs or objectives, in addition to being suitable for an array of traders despite their level of experience, whether they are beginners or expert traders.

Plus500 coupons

How to use plus500 coupon?

People can find numerous options online to consider and shop at plus500, using online coupon codes and discounts. These coupons allow people to make the right choices and save big every time.

Below is the easy 3 step process to get your savings now! Apply your code and check whether your discount was reflected and continue your checkout. If you have any questions about using your coupons online, please contact plus500.Com customer service.

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Plus500

Quick summary

If you prioritise safety and credibility over bonuses, this broker is the standout choice for you.

Plus500 provides a CFD (contract for difference) service.

Licenses

Plus500 UK ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Plus500 CY LTD is authorised and regulated by the cyprus securities and exchange commission (licence no. 250/14).

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Where is plus500 regulated?

Plus500 is authorised and regulated in 3 countries: australia (ASIC), cyprus (cysec) and the united kingdon (FCA).

With australia and the UK both having very strong reputations as stable, first world countries, you can be assured that your dealings with plus500 are safe and secure.

Licenses

Plus500 UK ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Plus500 CY LTD is authorised and regulated by the cyprus securities and exchange commission (licence no. 250/14).

Plus500 bonus code & deposit bonus 2020

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Minimum deposit	bonus amount	required tpoints	bonus code
£100	£20	50	FIRST100
£400	£100	150	FIRST500
£750	£150	200	FIRST1000
£4,000	£500	1000	FIRST5000
£7,500	£1,200	2500	FIRST10000
£40,000	£6,000	10000	FIRST50000

Plus500 no deposit bonus

Minimum & maximum deposits / withdrawals

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Plus500 minimum deposit

The minimum deposit at plus500 is 100 units of the local currency, e.G. $100 USD, $100 AUD, £100 GBP.

Plus500 maximum deposit

The maximum deposit will generally be limited by your deposit source. Bank transfers are the best option if you wish to deposit a large sum of money for your trading account.

Your deposit options include: paypal, skrill, credit card or bank transfer.

Plus500 minimum withdrawal

The minimum withdrawal depends on your withdrawal method.

The minimum withdrawal amount for paypal and skrill is the lesser of $50USD (or equivalent in the base currency), or your available balance.

The minimum withdrawal amount for bank transfers and credit cards is the lesser of $100USD (or equivalent in the base currency), or your available balance.

Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency).

Plus500 maximum withdrawal

At this time, there is nothing in the user agreement that mentions a maximum withdrawal amount. Therefore we assume that there is no upper limit to withdrawing your balance.

Plus500 bad reviews

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

Is plus500 a scam?

Our verdict is NO. The complaints that we have researched appear to be unfounded or very vague in the best cases.

A lot of them appeared to revolve around the $30 bonus which has clear terms and conditions yet the customers hadn’t read them properly.

Other bad reviews spoke of withdrawals not being processed, but nobody uploaded real screenshots or evidence of any kind to support their case.

We looked through the following websites:

How to trade bitcoin at plus500

Forex trading, like any other form of investing does not guarantee returns. Your capital is at risk.

This is basically a CFD. You just entered into an agreement and somebody made money and somebody lost over a commodity which neither party actually owned.

What is trust score?

This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.

Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.

Plus500 scorecard – 89 / 100

Extra credit: plus500 ltd is listed on the AIM section of the london stock exchange.

Major sponsorships: plus500 sponsors spanish football giants atletico madridas well as super rugby franchise the ACT brumbies in australia.

Plus500 review – A comprehensive overview of the platform

Introduction

An international financial firm, plus500, provides online trading services for cfds (contracts for difference) across various asset classes and more than 2,000 securities. While having its headquarters in israel, plus500 has branches and subsidiaries spread globally in the UK, cyprus, australia, bulgaria, and singapore.

Its high trust factor is based on the number of regulatory bodies that authorizes its operations. These include the monetary authority of singapore, the financial conduct authority (FCA), the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC), and the israel securities and investments commission.

Plus500 is listed on the london stock exchange since june 2018 and part of the FTSE 250 index. The publicly-traded company has a market capitalization of $2.07 billion as of september 2018.

History of plus500

Plus500 was founded in 2008 by a group of alumni from technion israel institute of technology, namely elad ben-izhak, shlomi weizmann, alon gonen, gal haber, omer elazari, and shimon sofer. Gonen contributed to the initial investment of $400,000. The group started their venture on the windows OS platform but later launched an online version of their web-based system.

Chronologically, the review of plus 500 is as follows.

2010 – launch of the web-based version of its online trading platform that helped mac and linux users in online trading. In 2011, the first app for ipad and iphone users was started.

2012 – the first android-based trading platform for smartphones and tablets was launched. In the same year, plus500 was fined £205,128 by the FCA for not reporting transactions accurately.

2013 – the first broker to introduce bitcoin cfds.

2014 – launch of the windows app by plus500.

2015 – the year was a roller-coaster ride for plus500. The UK financial conduct authority ordered the UK subsidiary of the company to freeze UK-based traders’ accounts, pending an inquiry into money-laundering accounts. Plus500 took a massive hit, and its stock value dipped by almost 60%. However, most customers got their accounts up and running again in 2 months. The branches in australia and cyprus, though, were not affected. In june of the same year, plus500 agreed to a $703 million bid for takeover by playtech, an online gambling company with ambitions to expand into trading. The deal fell through in november when playtech failed to get the necessary regulatory sanctions.

2016 – from here on, the fortunes of plus500 started on an upward journey. It was one of a few select companies to be granted a trading arena license by the ISA (israeli security authority). It also took a giant technological leap when it released an app for the apple watch. A trader can trade and view the account directly from the wearable.

2017 – in december, a capital markets services license was granted to plus500sg pte ltd, the singapore subsidiary of plus500, by the monetary authority of singapore.

2018 – plus500 had the distinction of its shares being listed on the london stock exchange.

Like most forex brokers, plus500 is not available for US traders.

Overall summary

A plus500 review under several aspects gives these results.

Overall – 4 stars

Trust score – 98

Investments offering – 4 stars

Commissions and fees – 4 stars

Platform and tools – 3.5 stars

Research – 3.5 stars

Mobile trading – 3.5 stars

Customer service – 3.5 stars

Education – 3 stars

Security and regulation

Plus500 review shows that it acts as principal and covers its exposure with its primary company. This assists in eliminating market risk and minimizing losses. Though it has regulatory licenses from authorities in the asia-pacific region and europe, plus500 does not offer any additional deposit insurance, being restricted to what is laid down in law.

The following are the authorizations obtained from various bodies around the world by plus500.

Plus500cy ltd is regulated and authorized by the cyprus securities and exchange commission.

Plus500uk ltd is regulated and authorized by the financial conduct authority.

Plus500sey ltd is regulated and authorized by the seychelles financial services authority.

Plus500 AU pty ltd holds a license from the ASIC and FMA in new zealand.

Plus500 is licensed by the FSCA in south africa.

Plus500sg pte ltd has a capital markets services license issued by the monetary authority of singapore.

Plus500 israeli entity is regulated by the israeli securities administration.

The security of plus500 is further fortified by its policy designed on the lines of the UK’s client money rules. Client funds are kept separate from corporate funds. If the company ever becomes insolvent, clients’ trading money will be protected. Even if plus500 defaults, a shortfall of funds to the extent of £85,000 will be compensated under the financial services compensation scheme.

In forex trading often, accounts lose money, more than what is deposited. This possibility is not applicable for plus500 as it provides negative balance protection as per ESMA rules that came into force in 2018. Assured stop-loss orders may be used on specific instruments and cfds based on market conditions, but these are subject to a broader spread.

Additional security features provided by plus500 are biometric authentication for its mobile apps and a timer that automatically logs out users from mobile and web-based applications if not used for a certain period.

Commission and fees

The bulk of the revenue earned by plus500 is from customer trading that exceeds the bid/ask spread and is very industry competitive. All trading costs are included in the spread of the instruments, and no additional commissions are levied on any customer transactions. The spread does not fluctuate with the size of the trades, but plus500 does offer an incentive discount to high-volume traders.

The broker also charges premiums, which are essentially a financing charge. These are on positions held overnight and depend on currency conversion charges, provided trades are on other currency pairs against the base currency linked to the account. Fees are also charged for GSLO (guaranteed stop-loss orders). A dormant account fee of $10 per month is charged if the account has been idle for three months. Some brokers charge fees as high as $50 per month. Costs are the same for traders having a “professional” account with the investors having the option to increase the maximum leverage from 1:30 to 1:300, a ten-fold 2quantum jump.

An advantage of plus500 is the absence of any ancillary fees on the usual withdrawals and account closing. The minimum deposit to open an account is 100 units of the selected base currency. Clients can fund an account through several options like e-wallets, bank transfers, and visa or mastercard debit or credit cards.

Spreads charged on more than 2,000 assets constitute the base of the revenues earned by plus500. Trading costs are among the best in the industry for currency pairs, with the EUR/USD being 0.6 pips only. But check the pricing before trading as some asset classes are priced higher when compared to other brokers. This is especially useful for holders of multiple brokerage accounts, and accounts lose money when this is not done.

Traders can access the exact amount of swap rates leveraged on overnight positions by clicking on “details” in the proprietary trading platform. All corporate benefits like dividends, mergers, and splits are passed on to the traders.

A plus500 review shows that the commissions and fees structure of the broker is rounded off with third-party processing fees and a 0.3% currency conversion fee. All the charges are above board, and the broker maintains a completely transparent front in this regard.

Tools and platforms

The webtrader, the web platform of plus500, is perfect for beginners and casual traders. The trading platform is easy to use, with the focus on the indispensable and essential tools only. The webtrader is the best place for those testing the forex waters before moving on to a more advanced and complex trading platform. While it is simple to use, there are a few advanced features incorporated here from the flagship platform of plus500. These include trailing-stops and GSLO, which help in high-risk management by casual traders.

The webtrader platform’s highpoint is the optimized solutions it offers for proper charting with more than 100 technical indicators and the facility to save chart templates. There are also 21 drawing tools in the charts that go a long way to assist investors in technical analysis.

The website desktop platform is not available now on windows 10. During a plus500 review and testing, it was seen that the website version meets the needs of an advanced web app, which can, in turn, be installed as a chrome app. This proves that in the future, the plus500 trading platform will be more inclined towards the web browser than direct desktop trading. Further, algorithm trading and social copy-trading are not available on plus500, and metatrader is not provided as the broker has a separate proprietary trading platform.

The mobile trading platform and the webtrader platform provide a quick and seamless transition between the two, and the looks, feel, and functionalities are also the same.

However, there are some drawbacks. Both do not have the essential cutting-edge features and optimized tools to take on the industry leaders head-on. For example, the website charts do not sync with those on the mobile app, as seen with some of the leading brokers like saxo bank and TD ameritrade, which is exclusive for the USA residents.

Therefore, the forex broker reviews of plus500 concludes that though there is a significant improvement in charting with over 20 drawing tools and 109 indicators on the website platform, there is much scope for developing the mobile app. Critical aspects like news, research, and other advanced tools are all absent on the mobile app, and traders are denied the benefit of trading on the go to their satisfaction.

The trading experience

The proprietary platform of plus500, webtrader, overall provides a rich and user-friendly trading experience. The platform can be accessed from various devices such as a tablet, website, windows PC, smartphone, and web browser. The platform has an easy-to-use interface where a trader can analyze charts, create watchlists, and monitor trades.

The charts provide more than 100 technical indicators applicable in different time frames, starting from tick charts to weekly charts. However, unlike its peers, the plus500 services provider does not have a popular metatrader4 platform with more options for customization and functionalities.

Review plus500 of webtrader throws up certain cutting-edge features. Clients can select from 2,000 instruments, scrutinize their selection on a tailor-made technical analysis chart, and place their trades with just a few clicks from the same window.

Regrettably, webtrader is not an open system, and professional traders cannot integrate third-party automated analytical tools directly on the platform. Also, some of the common features that are available on other platforms are missing on webtrader. Some of them are the absence of automated trading through experts or trading algorithms, lack of back-testing functions, and not allowing clients to use third-party funds through MAM or PAMM platforms. In some markets, guaranteed stops are provided, but this is with an increased spread and cannot be linked to trades opened before.

Webtrader, being a platform of plus500, is regulated by the financial authorities of new zealand, south africa, and all other countries it operates in. There are primarily three basic order types, and clients can link “take profit” and/or “stop-loss” orders to them. These are as follows.

Market – this is the basic order where a trader enters a specific trade request that should be taken through at the prevailing market rate.

Stop – this is a pending order where the entry is at a pre-fixed level, which might be above or below the current market rate, depending on whether the intention is to buy or sell. The expiration time of the order can also be selected by the trader.

Limit – in this order type, a limit is set on the volume of trades performed within a predetermined trading level and avail guaranteed stop loss.

The mobile application, too, offers these functionalities, and to avoid accounts lose money, traders can analyze orders through the product catalog, see account details and check details of conditional orders and charting from their android or IOS mobile apps. These dynamic charts can be seen as full-screen for greater clarity during the analyzing process. Clients can open an account and deposit and withdraw money from the mobile app. There is a concern of security, though, more so, when the apps provide a direct link to funded accounts.

Opening an account, deposits, and withdrawals

As is with most brokers across the industry, plus500 pty ltd offers an online account opening procedure where the minimum requirements are an email address and password only in the first step. Traders have the option to login through their facebook or google accounts. A copy of their ID and proof of residence is required to complete KYC norms as regulated by the financial authorities. With high control and monitoring by the central financial agencies, plus500au pty, plus500uk ltd, and other subsidiaries in new zealand, south africa, europe, singapore, and elsewhere of plus500 can be trusted with personal information.

Before trading cfds, the account opened must be funded with a minimum deposit through bank wires, credit or debit cards, and paypal as per the trading platform’s details. The minimum deposit required is 100 units of the currency that the account is linked with. The processing time and potential fees are not listed on the platform, but as per the financial services authority norms, the name of the trading account and that of the payment processor has to be the same. The same method is followed for withdrawals, too, and is in tune with the industry standards set by other brokers.

Promotions and bonuses

Plus500 – one of the best forex brokers in australia offers a deposit bonus for first-time traders on the platform. This scheme is valid in select jurisdictions, only like australia (plus500au pty), singapore, and south africa. The bonus is flexible, and plus500 informs those trading cfds and other instruments of the concurrent bonus plan by a plus500 bonus code on their trading platform or via email or both. There are 6 tiers of trading cfds, with the seventh being a special bonus with the code that is valid only for the relevant section of the trading platform. Traders should thoroughly read the fine print of the plus500 pty ltd offer before opting for it.

Even though the bonus is not offered in new zealand, the UK (plus500uk ltd), and certain other locations, the bonus plan is valid and legit as per the laws of the country. Plus500 offers this incentive to lure in more first-time deposits. This is when investors usually go for the highest amount even though many fail to build their regular trading cfds account schedule. This is also when accounts lose money, and the bonus plan is an effort to balance things out and help the traders be active on the platform.

At the time of this review plus500, it is seen that most traders fall into the first three categories called WELCOME, BRONZE, and SILVER. A minimum deposit of A$300, A$750, and A$1,500 for australia, and the same amount in singapore currency is required at that location. South africa traders have to deposit R4,000, R10,000, and R20,000.

Plus500 reviews show that every bonus code grants more capital linked to traderpoints (tpoints), which can be converted into cash that can be withdrawn. The amount of tpoints earned for trading cfds or others depends on the asset and the volume traded. A chart is available on the website showing details of the table taking part in the promotion. The other three tiers are GOLD, PLATINUM, and DIAMOND, and the basic deposits required are A$/S$7,500, A$/S$15,000, and A$/S$75,000, respectively.

Customer service and support

Customer service and support

It is seen from a plus500 review that this financial services provider offers customer support 24/7. This is exceptional, as most brokers offer 24/5 services. The UK subsidiary plus500uk ltd and the australian branch plus500au pty and those in other locations also provide around-the-clock service without a break. The website of plus500 covers thirty-two languages, and customer support through live chat and email is equally multi-lingual. This adequate customer support has received high ratings and helps prevent traders’ accounts lose money whenever a problem arises, regardless of whether the client is operating from a web browser or a mobile trading platform.

Customer service and support live chat

Despite the general approval of the customer service from traders, a conspicuous omission is the absence of a telephone number of the services provider. Apart from issues in trading cfds, a telephone number comes in handy for sales queries too. Hence, customer service is restricted to live chats and emails, but while the options for a client are limited, the reaction to customer queries is swift. Resolutions are offered within a few minutes only. This standard is as per the benchmarks followed by industry-leading brokers who are regulated by the financial authorities.

Research and education facilities

If traders have to avoid high-risk transactions and prevent a scenario where accounts lose money on any brokerage platform, the site must have ample research and education amenities. Trading in cfds and other instruments becomes easier as more information about the various techniques on the site helps traders avoid high-risk trades. It is necessary to know more about the cfds and instruments markets where investments are being made. Unfortunately, what plus500 offers on this score is not adequate.

Plus500 does not provide trading courses, e-books, videos, and similar material where traders can pick up the intricate aspects about guaranteed stop loss and other techniques to prevent accounts lose money in high-risk transactions. The broker has one “key information document” (KID) that is legally required. It contains basics of cfds and various instruments, handling high-risk trades, and how to avoid accounts lose money. It also includes details of available instruments and the low or high risk associated with each of them and information in a nutshell on commodities, etfs, forex, options, indexes, equities, and cryptocurrencies.

Research and education facilities

Further, plus500 provides useful economic and earnings calendars and customizable charts to enable traders to carry out technical analysis of cfds and instruments that are high risk before trading in them. A “traders’ sentiment” indicator is also offered by plus500 to show the percentage of the broker’s clients that are trading in specific instruments. Additionally, the site of plus500 also has a “live statistics” section to indicate the performance of instruments and cfds in time frames of 5 minutes, 60 minutes, and 1-day.

Types of accounts

Plus500 provides the same cfds trading account to all traders. However, a professional account is on offer if certain requirements are met. As is prevalent in today’s broking industry and mandated by regulators, different cutting-edge services are given to a holder of a pro account trading in large sums of money. The leverage for a standard account is limited to 1:30, but professional portfolio holders get an upgrade to 1:300. The australian subsidiary of plus500 under the control of the ASIC grants a 1:300 leverage for standard accounts, too, with more options for a pro account. Qualified traders on plus500 can request for an upgrade to a professional account.

Trading possibilities

Plus500 has excellent opportunities in asset selection through small portfolio management operations for retail traders. Traders can make money from a wide selection of over 2,000 cfds across commodities, equities, indices, forex, etfs, options, and cryptocurrencies. Trading can be carried out in diverse portfolios to benefit the large spectrum of possibilities across the many subsidiaries of plus500 worldwide.

A breakup of the portfolios is as follows.

Commodities are well presented and present good hedging capabilities for trading to make money.

Forex traders on plus500 can effectively manage currency-only portfolios in a trading environment that offers more than 50 currency pairs. It is a great opportunity for increasing money in the accounts of traders.

Index cfds assist traders with a much-optimized diversification tool that matches the equity cfds choice.

ETF cfds prop up passive trading, which is now an increasing trend across portfolios.

Options are the final highlight of the cross-asset trading ecosystem at plus500.

Overall, the asset portfolio options of plus500 are quite impressive and a good route to make money.

Conclusion

Apart from a lack of educational material and some other minor glitches, plus500 is the clear winner in options for beginners and less-experienced traders wanting to try their hand to make money. It is because plus500 is user-friendly and has a high degree of simplicity. In 2020 alone, plus500 has emerged as the best in class in three sections – ease of use, trust score, and beginners, where it has bagged the 1 st place.

On the flip side, plus500 can do with more research and educational capabilities. Further, the presence of advanced tools on plus500 is sorely missed. But beginners have plenty of scope at making money on the 2,000 cfds and 70 forex pairs on plus500.

1. Can you make money on plus500?

Yes, it is possible to make money with plus500. A regulatory finding shows that 23.36% of retail investor accounts on plus500 were making money while trading in cfds and other instruments. Additionally, plus500 is an excellent chance for beginners to get into trading as plus500 has been ranked 1st in this class.

2. Is plus500 suitable for beginners?

Yes, plus500 is especially recommended for beginners. It has a user-friendly trading platform and is simple to use. In 2020, plus500 bagged first place in the beginners category for best in class awards among brokers. Another section where it has also ranked high is the ease of use and trust score. The deposit required for opening an account is 100 units of the chosen currency, a good move for beginners.

3. Is plus500 suitable for day trading?

Without a doubt, plus500 is good for day trading. It is because plus500 has a high degree of operating efficiency, has a wide choice of trading options, and is very simple to use. There are also many trading opportunities in cfds and other instruments on the plus500 platform.

4. What is the minimum deposit on plus500?

The deposit for opening an account on plus500 is 100 units of the linked currency, with account opening being a fast and simple activity.

So, let's see, what we have: plus500 quick summary A broker at the top of our list for credibility as they are listed on the AIM (alternative investment market) of the london stock exchange . In addition to this, they at plus 500 bonus 2021