Plus500 Review

sign-up-green1
ZAR 1000
Minimum Deposit
300:1
Maximum Leverage
0.0
Mininum Spread
7.3 TradeForexSA
Pros
  • Free demo account
  • An authorized Financial Services Provider in South Africa, Plus500AU Pty Ltd FSP 47546
  • Trade your welcome deposit before depositing
  • Generous Bonuses
  • 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
Free Services7
Support8.5
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

  • 400 ZAR Welcome Bonus: You can get this bonus without depositing any funds allowing you to trade with real money right away.
  • 200 ZAR – 70,000 ZAR First Deposit Bonus:  This is for those that do deposit money and is offered on top of the welcome bonus.  Minimum deposits to get these bonuses range from 1500 ZAR to 750,000 ZAR, and remember that conditions do apply to get the bonuses and they are not released immediately.

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 1000 ZAR 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

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.