Plus500 no deposit bonus 2021

Offer is applicable: new trader, for certain countries this no-deposit credit might not be applicable to the traders of some countries.

Get 25 EUR/$30 plus500 no deposit PROMO CFD promotion to find the easiest way to start your trading. Register with a premium broker to test your trading skill, technique, and strategies without such risk and fear. The promotion is ended!

Promotions are offered by plus500uk ltd and plus500au pty ltd. And are offered only to clients of those subsidiaries

Withdrawal terms are simple; all it needed to complete the 100 tpoint & minimum trading require. Take note; if you can’t access their website, then you can’t apply for this NON-deposit promotion. For any further queries, please contact with their live support. Note that – your capital at risk.

25 EUR/$30 plus500 NO DEPOSIT CFD, T&cs apply

Joining link: NO-deposit

Ending date: EXPIRED

Offer is applicable: new trader, for certain countries

How to apply:

Validate phone no.

Get NO-deposit credit

Minimum trading require

Collect 100 trader points (T-points) to withdraw.

Terms & condition apply

Terms & conditions – PLUS500 25 eur / $30 AUD no-deposit

Trade with the web-platform was no hassle on downloading any trading terminal software.

This no-deposit credit might not be applicable to the traders of some countries.

If you can access their promotion page, then you can apply for their promo

This can be terminated anytime without such notice.

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This bonus is non-withdrawable although the profits thereof can be withdrawn, and demo account holders will not be considered eligible unless they register for a real account.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

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.

Home » forex » �� plus500 sign-up bonus – forex no deposit bonus ( 2020 )

Top 10 forex brokers with no deposit bonus – A synopsis

Introduction

What is a forex bonus?

Forex bonuses - different types

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How to find the best forex bonus?

The best forex bonuses

Pax forex - recommended for US traders - 100% bonus

Avatrade | 2 x $200 forex welcome bonuses

Markets.Com | £25 forex no-deposit bonus

Plus-500 | £20 no-deposit forex

FBS | best forex no-deposit bonus - $100 bonus

XM | multiple forex options offered

CMC markets | 2 x $200 forex welcome bonuses

HYCM | 10% deposit bonus up to $5,000

Tick mill | $30 sign-up deposit bonus

Templerfx | $30 no-deposit bonus

A quick overview

Factors considered

Conclusion

Introduction

The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.

To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.

What is a forex bonus?

A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.

Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.

Forex bonuses – different types

There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.

Forex no-deposit bonus

It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.

Initial deposit bonus

A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.

This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.

Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How forex brokers bonus work?

To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:

Deposit bonus:

The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.

Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.

No-deposit bonus:

Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.

Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.

Terms and conditions for bonus:

The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.

Minimum trade amount to withdraw:

There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.

This is suitable for people who are:

Regular traders who place dozens of trades per day.

Often play through the set amount of the trades.

People with typically large trade sizes.

Time limit:

Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.

Eligible pairs:

In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.

Supported nationalities:

Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.

Minimum deposit:

Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.

How to find the best forex bonus?

The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.

Research

Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.

Reading reviews

For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.

Payment methods

Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.

Broker’s background

The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.

Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.

The best forex bonuses

There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.

Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.

FXTM

Avatrade

Octafx

FOREX NO DEPOSIT BONUS

A forex no deposit bonus is “free money” that brokers offer new traders to encourage them to start trading forex on a live account. It’s given solely to new traders as a ‘welcome bonus’.

A no deposit bonus is regarded as a powerful leverage available to new traders and allows them to start trading forex almost instantly without an initial investment. It does come with rules and restrictions and new traders qualify for the bonus based on certain criteria.

Forex no deposit bonus is common practice in south africa, malaysia and indonesia but isn’t available to residents in the eurozone and united states. It incentivises new traders to switch over to a real forex live account from a demo account without massive financial risk.

This type of forex trading promotion is available to new traders who meet certain requirements to open a real forex account and the free money can only be used under certain trading conditions, as specified by the broker. Forex traders cannot withdraw the free bonus money that’s put into their account by the broker.

10 best forex no deposit bonuses in south africa ( updated 2021 )

What does a no deposit bonus entail?

The forex no deposit bonus means a new trader does not need to make a deposit to activate a real live account and in effect, gets ‘free money’ to begin trading. The bonus amount is usually small, ranging from $10 to $50.

The ‘welcome bonus’ encourages new traders to open a live account with a broker and place more trades in a short period of time, while limiting their risk of losing their own money at the start.

After providing your name and email address to a broker, a real live trading account is opened. Some brokers require documents such as utility bills, ID or proof of residence to verify a live account. Some open an account with a no deposit bonus without verification.

Thereafter, ‘free money’ in the form of a no deposit bonus is deposited into the account. How much you receive depends on the broker’s promotional offering. It can be as high as $50.

Who qualifies for a no deposit bonus?

The no deposit bonus is only offered to first-time forex traders who sign up and register an account with a broker who offers the promotion. If you’ve been given a no deposit bonus before by a broker, you are not entitled to it again.

Trading with a no deposit bonus

Once the deposit is in your account, you can start trading live and in real time on the forex market. Continuing on from trading through a demo account, a new trader can experience real live trading without risk until the bonus period ends. Mistakes made don’t cost the new trader money out of his or her pocket but it is a loss to the broker.

Why do brokers offer a no deposit bonus? Well, it’s part of a broker’s long-term relationship to build a client’s confidence and experience live trading on multiple financial instruments while minimising risk in the early days of trading. New traders are more inclined to trade more often with ‘free money’ and gain invaluable experience before making a deposit with their own money.

Why do brokers offer a no deposit bonus?

A no deposit bonus is also known as a ‘welcome bonus’ and is a popular method used by brokers to attract beginner traders and encourage them to trade multiple financial instruments using a real live account.

Most new traders begin their forex trading journey using a demo account. A no deposit bonus is the perfect incentive for beginners who want to practice trading forex with a real live account but are wary of using their own money.

New traders get the opportunity to actively engage in the forex market for a period of time and keep any profits made at the end. The no deposit bonus expires after 30 or 60 days, depending on the broker’s bonus conditions. This puts new traders under pressure to make full use of the ‘welcome bonus’ before it ceases to exist.

Restrictions on forex trading with a no deposit bonus

Having given you ‘free money’, the brokers are entitled to apply certain restrictions on trading with live account. They’re no onerous restrictions and are designed as much to protect you as themselves.

Brokers offering no deposit bonuses to first-time traders restrict their clients from opening orders with a large lot size. Typically, the maximum limit for a lot size is 0.01 lot.

The downside of a limit on the size of a lot is it makes it harder to make a profit.

Maximum active positions

Certain brokers who offer no deposit bonuses set a limit on the number of active positions that a new trader is allowed to open. This may include pending orders.

This limit does affect a trader’s trading strategy and can somewhat spoil the trading experience when a new trader cannot open more positions, particularly if he or she is using the trend-following method.

Limit on assets traded

Certain brokers who offer no deposit bonuses specify which trading currencies may be traded, particularly in a volatile market situation. Typically, new traders are restricted to the mainstream trading pairs and can’t trade on exotic pairs.

Time limit on no deposit bonus

A no deposit bonus usually has a time limit and will expire after a certain period of time. It’s important to find out what this time limit is because you need to get in as much trading time as possible with the ‘free money’ before you need to commit your own money.

Typically, the time limit on a no deposit bonus is between 30 to 60 days. The longer, the better so shop around for a broker who offers a ‘welcome bonus’ for a 60-day period. This gives you ample time to practices forex trading on a real live account.

Hedging is not allowed

As a general rule, hedging is not allowed when trading on an account with a no deposit bonus. Hedging involves having two trades open at the same time but in different directions.

Hedging is used in certain trading strategies and generally provides short-term relief for forex traders. Hedging helps to temporarily eliminate or minimise risk in the forex market.

Scalping is not allowed

As a general rule, scalping is not allowed when trading on an account with a no deposit bonus. Scalping is a popular trading strategy that allows traders to potentially earn small amounts of profit many times a day. The profit is usually between 5 to 10 pips.

Scalpers hold an open position for a very short time which is a good strategy to use in volatile market conditions. Many small pips can add up to a comfortable profit. The reason why brokers do not encourage scalping on a no deposit bonus account is because it can very quickly deplete the funds in the account.

Leverage is limited

Leverage is usually limited on an real live account with a no deposit bonus. Leverage is where a small amount of money is borrowed from the broker to trade a larger forex position. Leverage is key to trading forex.

When leverage is limited, it means a new trader cannot open a large position. It lowers the trading volume and increases the amount of trades a new forex broker must make to realise a decent profit, if only using the no deposit bonus amount in the account.

Expert advisors are not allowed

Expert advisors (eas) may not be used on a real live account that’s been set up with a no deposit bonus. Eas can be likened to robot trading, where forex trading is automated.

Eas are very useful for beginner forex traders because they simplify the trading process, which includes opening and closing a trade and analysing forex market conditions using indicators.

What happens to profits made trading with a no deposit bonus?

One would think that the brokers would take any profits made on a new account with a no deposit bonus, but here’s the good news; you pocket any profit made. Further proof that brokers are committed to supporting new traders on their forex trading journey as they switch from a demo account to a live account.

You are welcome to withdraw the profit you make but the idea is to reinvest it back into your account and continue trading. You’ll have had enough time to decide if you have an appetite for the risk involved in forex trading and can either continue to trade or you can withdraw the money and call it quits.

As a note of warning, some new forex traders find it difficult to withdraw profits from an account set up with a no deposit bonus. You may be asked to deposit a certain amount of money into the account before you can withdraw profits. The reason for this is simple; brokers want to encourage you to continue trading, not to give up and cash out.

Top 10 forex brokers in south africa : who offers a no deposit bonus

Get a free $10 (1000¢) bonus without making a deposit

Disclaimer

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Forex trading involves a high degree of leverage which increases the risk associated with forex trading.

Bonuses

What are rebates?

Rebates are rewards that you get based on your trading activity and according to the rebates terms and conditions. You are automatically added to the rebates programme within 12 days of your first deposit - no additional effort is required from you. Once in the programme, you start accumulating rebates for every trade you make! At the end of each week, you may collect the rebates that you have accumulated by clicking the ‘collect’ button under ‘rebates’ (menu → funds management → rebates) , and the amount will be added to your account as a bonus. You can also check your accumulated rebates, as well as the terms for their collection and expiry dates in your rebates account. Full T&cs can be found in the trading platform under funds → rebates → learn more.

What are trader points?

In order to withdraw a bonus, the predefined bonus terms must be completed. This means that the entire amount of trader points required to fulfill the bonus’ conditions, must be accumulated within the bonus validity period. Each time you open a position, you collect trader points according to the difference between the buy and sell rates of the instrument. In order to view and calculate the amount of trader points collected for each position you open, please review the examples table by clicking on the “trader points” link here. You can also verify the amount of trader points collected with regards to each bonus in “funds management” → “bonus account”. We strive to use promotional tools (i.E. Bonus offers) in the clearest and fairest manner possible, however, we reserve the right to make changes to any or all of the offered terms at our sole discretion.

Where can I find information regarding my bonuses?

After receiving a bonus, you can access the bonus account (through “funds management” → “bonus account" ) for further details about the bonus, such as: the bonus amount, the amount of accumulated trader points, the bonus issuing date, etc.

Which bonuses do you offer?

We offer a number of bonuses such as bonuses for your “initial deposit”. Each bonus has conditions for eligibility and availability for trading and/or withdrawal, such as certain minimum trading volumes (represented by trader points), within a specified time period. From time to time, plus500 may offer additional bonus promotions, which will be offered to you based on certain pre-defined criteria and at plus500’s sole discretion. If you are eligible to receive such a bonus, a message with the bonus details will appear in your plus500 account.

Why didn’t I receive my first deposit bonus?

All bonuses have conditions for eligibility, and occasionally a limited promotion period after which the bonus expires if the required minimum trading volumes are not satisfied.
If the deposited amount is less than 100 EUR (or the equivalent amount in your currency), or if the bonus code wasn’t inserted during the depositing process, a bonus will not be added to your trading account. Please contact us for further assistance on this matter by clicking on the “email us” link. In relation to the first deposit bonus, you provide your consent to the terms and conditions associated with this bonus by entering the relevant bonus code in the deposit field.

Didn’t find an answer to your question? Contact us!

Remember that cfds are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Remember that cfds are a leveraged product and can result in the loss of your entire capital. Trading cfds may not be suitable for you. Please ensure you fully understand the risks involved. Please consider our PDS, FSG, risk disclosure notice and our terms and conditions before using our services. CFD traders do not own or have any rights to the underlying assets.

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

This website contains general information which doesn't take into account your personal circumstances.

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.

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