Plus500 Review

  • An authorized Financial Services Provider with FSB in South Africa
  • Trade your welcome deposit before depositing
  • Generous Bonuses
  • Mobile & Tablet Friendly
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Plus500 AU Pty Ltd (AFSL #417727) is based in the Australia and operates an online trading platform that you can use to invest in over 2,000 global financial instruments.  Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546  These include:

  • Stocks
  • ETFs
  • Forex Trading
  • Indices
  • Commodities
  • CFDs
  • CFD service

Plus500 welcome traders from over 50 countries around the globe and you can access their platform on your desktop, smartphone or tablet.  As with all other trading that involves the investment of your money, you must understand that your capital is at risk when using Plus500.

Bonus structure

25€ Welcome Bonus: You can get this bonus without depositing any funds allowing you to trade with real money right away.

30€ – 7000€ First Deposit Bonus:  This is for those that do deposit money and is offered on top of the welcome bonus.  Minimum deposit for up to €7000 is €50000 deposit.

Please note that there are terms and conditions that apply to all of these bonuses.

Account types

Demo account – This gives you the practice you need before you put up any money.

Main account – Besides the demo account, Plus500 only offers one other type of account and there is a minimum $100 deposit amount.

Unique selling points

  • More than 2000 CFD instruments to trade
  • Can be used on desktop, WebTrader or iPhone & iPad, Android smartphones and Windows tablets

Pros

  • You can start trading with your welcome bonus before you deposit money
  • Free demo account

Cons

  • Not regulated by the FSB
  • Only one type of real money trading account.

Breakdown

This is a big site with a lot going on. It is more for the seasoned traders as it does not have as much teaching material as some of the other broker sites on the web. That said, if you already know what you are doing, there is plenty to trade and the bonuses are good.

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