Review Plus500
Established in 2008, Plus500 is a global fintech firm headquartered in Israel, with subsidiaries in the UK, Cyprus, and Australia. Plus500 provides access to CFDs on forex, commodities, cryptocurrencies, indices, and stocks, along with real shares and future contracts, each available on a separate platform. Known for its competitive fees and user-friendly interface, Plus500 offers various platforms, including Plus500 Invest for real stocks and Plus500 CFD for Contracts for Difference. Advanced trading tools, risk management features, and real-time analytics ensure a seamless and informed trading experience.
Recommended to:
Plus500 is recommended for both experienced traders and beginners. For beginners, the platform offers a demo account and a Trading Academy to help them gain experience and knowledge. Experienced traders will appreciate the user-friendly platform, access to a wide range of financial instruments, competitive fees, and advanced trading tools
Pros
- User friendly interface
- Wide range of base currencies
- Fast availability of demo acc
Cons
- Limited educational tools
- Non trading fees are complex
Review’s Keypoints
Country of regulation
Cyprus, Estonia, United Kingdom
Minimum deposit
$100
Time to open an account
1-2 days
Trading fees class
Average
Deposit with bank card
Yes
Number of base currencies supported
48
Products offered
Shares (Plus500CFD)
Indicies (Plus500CFD)
ETFs (Plus500CFD)
Forex (Plus500CFD)
Commodities (Plus500CFD)
Options (Plus500CFD)
Crypto (Plus500CFD)
Shares (Plus500Invest)
Options CFD Trading (Plus500CFD)
Indicies CFD Trading
AI Index
ESG
Impact Indicies
Depositing with electronic wallet
Yes
Demo account provided
Yes
Fees
Plus500 offers competitive and transparent fees for CFD trading, primarily charging through variable spreads. Additional fees include overnight funding for positions held overnight, currency conversion fees for trades in different currencies, and an inactivity fee after three months of inactivity.
Fees for other accounts, like Plus500 Invest and Plus500Futures, are different and may include trade commissions.
Pros
- Competitive trading fees
Cons
- Inactivity fees for Plus500CFD acc
- Currency conversion fees
Account
Plus500, regulated in multiple jurisdictions, caters to a worldwide client base with over 60 eligible countries. The online account opening process is relatively straightforward and quick, typically taking about 15 minutes to complete, with an identity verification period that follows. Plus500 provides various account types, each differing in ownership structures and the scope of available services. Plus500Invest is available in specific countries only. Plus500Futures is available in the US only. To open an account on Plus500, whether for CFD or Futures trading, clients must provide a set of documents and complete necessary questionnaires.
Plus500CFD
Plus500CFD
Demo, Real, Professional (individual only) Trading on various assets with leverage, competitive spreads, and an advanced trading platform.
Plus500Futures
Plus500Futures
Account on this platform enables futures trading with competitive margins, real-time data, and an easy-to-use platform.
Plus500Invest
Plus500Invest
Account on this platform offers direct stock investments with competitive commissions, real-time data, and a user-friendly interface.
Click on the card to see details
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01For +500CFD: Submit personal details
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02For +500CFD: Fill out a MiFID-compliant questionnaire
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03For +500CFD: Residence verification
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04For +500CFD: Bank statement or similar document to verify deposit/withdrawal.
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05For +500Futures: Personal details
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06For +500Futures: Financial details, employment status
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07For +500Futures: Choose level of trading
Transfers
With Plus500, deposits are processed efficiently and can be made through various methods, including bank transfer, credit/debit cards, and e-wallets. Withdrawals, made directly from the Plus500 platform, are free of fees and typically processed smoothly and relatively quickly from the broker’s side, though times can vary depending on the method and banking procedures involved.
Pros
- Unlimited withdrawals with no fee
- Deposits are free of charge
Cons
- Currency Conversion Fees
Trading Platforms
Web Trading Platform
The Plus500 proprietary web trading platform is user-friendly, with secure two-step verification and automatic logout when idle. Available in 30+ languages, it offers clear fee reports and various order types, including Buy & Sell for Plus500CFD and Limit and Stop Orders for Plus500Futures. Features include 110 indicators, 13 chart types, real-time price and sentiment alerts, and multiple watchlists. Users benefit from free rollover adjustments for Commodities and Indices CFDs and a 'Portfolio' tab for performance overview and profit/loss balances.
Mobile Trading Platform
Available for iOS and Android, the Plus500 mobile trading platform offers a user-friendly, similar to its web counterpart. The Plus500 mobile app supports over 30 languages and features an intuitive design with two-step verification and biometric login. It offers the same order types as the web platform, including Buy & Sell for Plus500CFD and Limit/Stop Orders for Plus500Futures. The app also provides real-time trading alerts, advanced charting tools, and efficient search functionality for convenient on-the-go trading.
Desktop Trading Platform
The Plus500 desktop trading platform mirrors the web platform's functionality, supporting over 30 languages and featuring an intuitive design. It offers two-step verification for secure access. Users can access the same order types, including Buy & Sell for Plus500CFD and Limit/Stop Orders for Plus500Futures. The platform also includes real-time trading alerts, advanced charting tools, and efficient search functionality, providing a seamless trading experience.
Offering
Tools
The trading tools on the Plus500 platform are comprehensive and user-friendly, including an economic calendar, real-time charts, technical indicators, multiple order types, and price alerts, enhancing market analysis and trade execution.
Charting
Plus500 offers real-time charts with 13 types and over 110 technical indicators. It supports multiple timeframes and drawing tools, aiding detailed technical analysis and informed trading decisions.
News Feed
Plus500 offers real-time market updates, economic events, and company news, helping traders stay informed and make timely decisions. It's integrated into the platform for easy access.
Plus500 +Insights Suite
Plus500 offers a new feature that uses internal data to provide actionable insights and market trends. Users can explore trends like "most bought," "most sold," and "most profitable positions," and see how popular each instrument is. The +Me tool helps traders understand their preferences and risk management, and compare them to other Plus500 traders. This feature is available only for desktop and mobile.
Regulation
Plus500 is a highly regulated trading platform, ensuring a secure and trustworthy environment for traders. It is licensed and overseen by multiple regulatory authorities globally, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) under license number #250/14, and others. This multi-jurisdictional regulation guarantees adherence to strict financial standards and investor protections. However, it is important to note that CFD trading involves significant risk and may not be suitable for all investors. Traders should fully understand the risks before engaging in CFD trading.
Bottom Line
Plus500 is a versatile trading platform recommended for traders who are comfortable with CFD trading. It offers a user-friendly interface, low-cost trades, and a variety of markets and products, including forex, cryptocurrencies, options, and more. The platform features advanced trading tools and a comprehensive market range. It also offers a variety of platforms, including Plus500Invest and Plus500Futures. However, it has limited customization options and research tools, which may be less intuitive for beginners. Additionally, the withdrawal process can sometimes be slower compared to other platforms. Overall, Plus500 is suitable for those seeking efficient trading tools and a variety of trading options. Plus, its robust mobile app ensures that you can trade seamlessly on the go.
- 82% of retail CFD accounts lose money