Plus500 Review

Plus500
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Overview

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should… more

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Details

Broker Plus500
Website URL www.plus500.com
Founded 2008
Headquarters Israel
Support Types Live Chat, Email: [email protected]
Languages English, French, Dutch, Finish, Bahasa Malai, Norwegian, Swedish, Polish, Turkish, Danish, Italian, Portuguese, Russian, German, Lavian, Russian, Thai, Romanian, Arabic, Maltese, Slovenish, Chinese Simplified, Chinese Traditional, Greek
Trading Platform Plus500 webtrader
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount Variable
Bonus Free Demo Account
Payout within 7 business days
Leverage 1:1 up to 1:30
Spread fixed and variable spreads
Free Demo Account Open Demo
Regulated Yes
Regulation Plus500UK Ltd authorized & regulated by the FCA (#509909). Plus500CY Ltd authorized & regulated by CySEC (#250/14). Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546
Fees Yes
Fee Info Plus500 charges overnight fees for open positions
Account Types demo account, real account
Deposit Methods wire transfer, credit cards, Skrill/Moneybookers, Paypal
Withdrawal Methods wire transfer, credit card refund, Skrill/Moneybookers, Paypal
Number of Assets 2,000+
Types of Assets CFDs on Forex, Cryptocurrencies, Stocks, Commodities, Options and Indices
Account Currency You can fund your account with any major currency
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7

Full Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Plus500 company information

Plus500 is a company based in Israel, with an operating subsidiary in London – Plus500UK Ltd., already 10+ years old and well established. Plus500 Ltd is a UK FTSE 250 company listed on main market of the London Stock Exchange for Listed Companies in London catering clients and investors all over the world. Plus500 is one of the most known and reputable brands with over million customers in Europe and Asia. Plus500 is regulated by the Financial Conduct Authority (FCA) and also regulated in Australia by ASIC.

To be more specific, Plus500 is  a easy to use trading platform where users can trade CFDs (contracts for difference) on forex, commodities, shares ETFs, indices and cryptos. So on Plus500 there’s only CFD trading and no pure trading on forex or cryptos.

Traders can trade the financial markets with up to 1:30 leverage against low competitive spreads. With downloadable software, a webtrader and smartphone and tablet app, traders can trade anytime they want, anywhere they want.

Plus500 platform information

Plus500 in-house user interface and trading platform is sleekly designed in a light blue and white Apple-a-like style. The trading platform is easy to use and slick designed. Please note that Plus500 is not suitable for beginners unless they have been referred to the demo account. CFD trading with real money is risky and could lead to a potential loss. The fixed low and variable spreads and no-frills trading are key aspects and unique selling points of Plus500.

Although Plus500 has no MetaTrader 4 (the forex industry standard) they managed to capture sizable market due to their great and easy-to-use own developed trading platform. Although there is no market information, economic data or technical analysis, traders can see all asset information in one screen without the need to switch windows all the time. This is a really great feature of the trading platform.

Plus500 types of trading accounts

Plus500 has no VIP or special accounts, just one type of real money trading account. With a minimum required deposit of just $100 or equivalent traders don’t need thousands of dollars to get started as a day trader.

All people who sign up with Plus500 get access to a unlimited free demo account to practice different strategies and get to know the trading platform before depositing any amount. Deposits and withdrawals can be made by Paypal, Skrill/Moneybookers, major credit cards, iDEAL and instant bank transfer.

As normal in the online forex world, Plus500 doesn’t charge any commissions on opened positions or trades. Plus500 Plus500 earns by placing a spread on your transactions which depends on the instrument selected. There are no withdrawal fees when traders want to withdraw their profits or balance, most other brokers ask around $30 per withdrawal. Please note that  per their User Agreement they do reserve the right to charge withdrawal fees in certain cases.

Plus500 customer service

Plus500 offers email and chat support 24/7.

Plus500 reliability

One of the most important aspects of a broker is whether the broker is reliable or not. Checking if a broker is regulated and if the broker has any scam history are the two most important things new traders can do. Plus500 is regulated by many different regulators: Plus500UK Ltd authorized & regulated by the FCA (#509909). Plus500CY Ltd authorized & regulated by CySEC (#250/14). Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546.

Plus500 review conclusion

As there are many scam brokers online it’s always difficult to find a reliable internet broker. Plus500 has achieved the status of Europe’s number one online broker and even is publicly enlisted on the FTSE100 London stock exchange. With no scam history, no hidden fees and quick and friendly customer support, Plus500 is considered a good broker for both new and seasoned traders. please note that when outlining ”new brokers” I refer to traders practicing with the Plus500 demo account.

✓ Trade CFDs on crypto and forex on a single trading platform
✓ Free demo account for beginner traders
✓ WebTrader, smartphone and tablet app to trade anywhere, anytime
✓ Low minimum first deposit required for real money accounts of just $100
✓ No hidden commissions or fees

Try Trading CFDs on Cryptos and Forex with Demo Account

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Very stylish, easy to use trading platform and app

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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