Plus500 Review

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*Your Capital Is At Risk

ZAR 1500
Minimum Deposit
300:1
Maximum Leverage
0.0
Minimum Spread
8.1 TradeForexSA
Pros
  • Free demo account
  • An authorized Financial Services Provider in South Africa, Plus500AU Pty Ltd FSP 47546
  • Trade your welcome deposit before depositing
  • Mobile & Tablet Friendly
Cons
  • Only one type of real money trading account.
Summary
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
Account Types7.5
Client Support & Onboarding8.5
Free Services8.5
Deposit & Withdrawal8

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

  • CFD service – this includes Stocks, ETFs, Indices, Commodities, etc.

Bonus structure

Plus500 does not offer bonuses due to the restrictions placed on them by their regulators.

Plus500

Account types

Demo account – This gives you the practice you need before you put up any money.  The Plus500 platform is a different platform other brokers, so I would strongly advise you to have a good look around before you commit with a deposit.  It is one of those platforms that some traders will really enjoy, but others will rather a more traditional layout.
The main account – Besides the demo account, Plus500 only offers one other type of account and there is a minimum 1500 ZAR deposit amount.  Nothing really with this account – very cut and dry with standard technical charts and fundamentals available.

Unique selling points

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

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 platform is reliable.

*Your Capital Is At Risk