Plus500, regulated in Cyprus and Australia, offers a simple trading
platform where you can deal with a wide variety of asset classes.

FREE DEMO SIGN UP 80.6% of retail CFD accounts lose money.

General

Broker:
Plus500
Company Name:
Plus500 Ltd
Founded:
2008
Regulator:
Plus500CY (CySec), Plus500UK (FCA), Plus500AU (ASIC & FSCA) & Plus500SG (MAS)
Platform:
Plus500
Payment Methods:
Credit card, Skrill/PayPal, Different alternative methods (relevant for some EU countries) and wire transfer
HQ:
Israel
Publicly Listed:
Yes(LSE)
Trust Score:
 
4.6/5
91/100

Features

Min. Deposit:
$100
EURUSD Spread:
Dynamic
Leverage:
Up to 1:300
US Clients:
No
Dealing Desk:
No
Web Trading:
Yes
Managed Accounts:
No
Withdrawal Process Time:
1-3 Business Days
CFDs Offered:
Yes
Fees:
There are no fees or commissions when trading at Plus500. In case the client holds a position open after the instrument’s trading hours (i.e. overnight), an overnight funding is either added to or subtracted from his trading account (depends if the overnight fee is positive or negative).

Pros:

- Negative balance (you cannot lose more than you deposited).
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.

Cons:

- No bonus offer


Plus500 Review

Plus500 is an online CFD broker that presently offers a wide range of Contracts for Difference or CFDs for its clients on over 2,000 underlying assets such as Forex, Options, Commodities, Cryptocurrencies. It is operated in Europe by Plus500CY Ltd., which has its base offices situated in Limassol, Cyprus and is regulated by the Cyprus Securities and Exchange Commission or CySEC under license number 250/14.

The exact address of the Cyprus branch of the brokerage is 1 Siafi Street | 3042 Limassol.

The Australian Securities and Investments Commission or ASIC regulates its Oceanic subsidiary called Plus500AU Pty Ltd under registration number 417727. Plus500 Ltd is listed on the Main Market of the London Stock Exchange. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 does not presently accept clients based in the United States.

In addition to the mentioned jurisdictions, Plus500 is licensed and regulated in New Zealand, South Africa and Singapore as well.

The operator possesses license #486026, issued by New Zealand’s FMA. In South Africa, the authority that has licensed the brokerage is the FSCA. Its South African license number is 47546.

The company representing the Plus500 brand in Singapore is Plus500SG Pte Ltd. It is licensed by the Monetary Authority of Singapore to deal in capital markets products. Its license number is CMS100648-1.

The official website of Plus500 is located at www.plus500.com and a screenshot of its home page is shown below:
Plus500 Website

Plus500 Features

Plus500 has a very simple trading account structure. Traders can either open a standard live trading account or a free and unlimited demo account. A live standard trading account requires a $100 minimum initial deposit.

Traders will be relieved that they cannot lose more money than they have deposited in their Plus500 trading accounts, and the company may also make margin calls when a trader’s account equity falls below the maintenance margin amount. All client money is held in segregated client bank accounts in accordance with the Financial Conduct Authority’s client money rules.

The company offers an especially wide variety of trading instruments, including CFDs on forex currency pairs, commodities on thousands of different underlying assets. Put and call options on stocks and indexes are also available.

Leverage at Plus500 is 1:30.

In terms of its support features, the company offers e-mail and live chat support around the clock 24/7 to its clients in most regions. The company is able to do business with and support clients in over 50 countries and more than 30 languages.

Deposits and Withdrawals

Making a deposit to a Plus500 account is quite simple. Clients need to enter the company’s trading platform, click on the “Funds Management” button and choose “Deposits”. They then need to select a payment method, fill in the blanks, and click “Submit”.

Live accounts opened with Plus500 can be quickly funded using credit cards like Visa, MasterCard, Maestro or Diner’s Club. The company also allows deposits from popular electronic wallet payment systems like Skrill (formerly known as MoneyBookers) and Paypal, as well as via a bank wire transfer.

Plus500 Platform
Prices are illustrative

Each type of deposit method has a minimum and maximum deposit requirement and a typical delivery time frame. Wire transfer deposits can take as many as five days to be reflected in a trading account.

Withdrawals are also performed from the trading platform. Traders just need to click the “Funds Management” button, choose “Withdrawal”, select a method of making the withdrawal, fill in blanks, and click “Submit”. The “Funds Management” screen can be accessed on mobile devices by clicking on the Menu button.

Customer Support

Plus500 makes its customer support service available 24 hours per day and 7 days a week. Unfortunately, traders can only use e-mail and live chat to contact Plus500’s support staff and not telephone. This situation can be very problematic if a client’s Internet goes down and they need to close a position quickly over the phone.

A potential benefit of dealing with Plus500 is that their customer support, website and platforms are available in numerous languages. This can be a great feature for those who are not native English speakers.

The company does not seem to provide any educational materials or market commentary for traders, although it does have an online support section on its website devoted to answering frequently asked questions about its services.

 

Platform & Tools

FeaturePlus500
Virtual Trading(Demo)
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Social Trading / Copy Trading
Proprietary
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Charting - Drawing Tools(Total)
Charting - Indicators / Studies (Total)
Watchlists
Order Type - Trailing Stop

The trading platforms offered by Plus500 are very simple to operate and seem especially suitable for those interested in dealing in multiple markets. From a single screen, traders can obtain quotes in real time for any of these asset markets and can execute transactions as well.

The Plus500 platform is available in a desktop version called Windows Trader and a web-based version called Web-Trader. In addition, a popular mobile version of the Plus500 platform is available that works on Apple devices like the iPhone, iPad, iPod Touch and Apple Watch. Plus500 apps also exist for mobile devices using the Android and Windows Phone operating systems.

The screenshot shown below displays the functionality of the Plus500 CFD trading platform, which includes trade execution, market pricing overview, a basic chart, position and account balance reports. The platform also has fund management capabilities, which give traders the ability to make deposits and withdrawals from their trading account.

In addition to being able to watch various markets and execute trades, Plus500’s platform lets traders easily review past transactions and keep track of current positions. The software also includes a rather basic charting facility with multiple time periods available. Unfortunately, only one chart can be displayed at a time since the system does not support the simultaneous display of multiple charts.

In addition to the functionality provided by different versions of the Plus500 trading platform, the broker has made a few extra tools available to its clients.

One such tool is the Economic Calendar. The broker also offers a Trade Alerts service, as well as a Trader's Guide.

Several tools are available for risk management. Plus500 supports Guaranteed Stops and Trailing Stops, as well as Close at Profit and Close at Loss rates. These tools and their peculiarities are thoroughly explained at the broker's website.

Asset Classes

Plus500 supports a staggering array of tradable assets. From Indices and Cryptocurrencies, to Options, ETFs, Shares, Commodities and Forex, its selection is quite possibly the best in the industry.

Every one of the above categories contains scores of tradable assets. The crypto section for instance does not settle for various crypto/fiat pairs. It also features at least one crypto/crypto pair (ETH/BTC), and a crypto index: the Crypto 10 Index. This index tracks the performance of the top 10 cryptocurrencies, giving traders the ability to bet on the performance of the sector as a whole.

Index-wise, the site defines a couple of different taxonomies: by country and by sector. In total, close to 50 indices can be traded.

The Forex category consists of around 100 major, minor and exotic currency pairs.

Commodities are plentiful as well. Besides the usual ones, such as oil, gas and precious metals, the broker supports various agricultural commodities, such as feeder cattle. In addition to just listing the mentioned assets, the broker offers detailed information on each one, together with trader sentiment updated in real time.

Literally hundreds of shares are supported, with some exotics among them, such as cannabis shares. The same goes for options and ETFs.

Needless to say, most of the mentioned assets are traded via CFDs. Traders will not be able to buy and hold commodities and cryptocurrencies through the broker.

Commission & Fees

Plus500 runs a transparent fees/commissions model. It does not charge anything for withdrawals and deposits, charts and graphs, real time FX quotes, actual trading, CFD pricing, position rolling, etc.

The expenses traders incur are due to:

- Spreads. These can be fixed or floating. They are displayed separately for every tradable instrument.

- Overnight funding.

- Guaranteed stop orders. These orders are usually subject to wider spreads, due to the guarantees they present.

- Inactivity fees. Traders who fail to log into their trading accounts for three months, will pay an inactivity fee of $10 per month.

Research & Education

FeaturePlus500
Daily Market Commentary
Forex News
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forexcasts
Economic News Sentiment
Trade Ideas - Backtesting

The education offered by Plus500 seems to be limited to the mentioned Traders' Guide. This section of the official site is host to a series of videos on trading, covering the basics. CFD trading is discussed, together with slippage. A separate video acts as a platform tutorial.

As of 2019, there seem to be only three such videos available, which is too little by every measure.

Customer Service

Plus500 makes its customer support service available 24 hours per day and 7 days a week. Unfortunately, traders can only use e-mail and live chat to contact Plus500’s support staff and not telephone. This situation can be very problematic if a client’s Internet goes down and they need to close a position quickly over the phone.

A potential benefit of dealing with Plus500 is that their customer support, website and platforms are available in numerous languages. This can be a great feature for those who are not native English speakers.

The company does not seem to provide any educational materials or market commentary for traders, although it does have an online support section on its website devoted to answering frequently asked questions about its services.

Mobile Trading

FeaturePlus500
Android App
Apple App
Charting - Draw Trend Lines
Charting - Can Turn Horizontally
Charting - Technical Studies/Indicators
Watchlist - Syncing
Trading - Forex
Trading - CFDs
Alerts - Basic Fields

The Android and iOS apps offered by the broker are available for download directly through Google Play and the App Store. There is a Windows Phone application available as well.

The iOS and Android apps have earned ratings of 4-4.2 out of 5 on the two platforms. They all offer excellent charting, time frames and access to most of the asset classes supported by the broker.

Conclusion

Plus500 offers a very extensive broking service that allows clients to trade CFDs on currencies, commodities, equities, options and ETFs. Their simple trading platform will be easy for just about anyone to trade multiple assets from, and it has desktop, web and mobile versions.

Those who want to deal in a variety of asset classes using a simple trading platform might find Plus500 suitable for their needs. Nevertheless, this broker’s lack of phone support and educational materials might be negatives, especially for novice traders. Its trading platform’s inability to display multiple charts at once may be another negative for technical traders.

"Plus500 - 80.6% of retail CFD accounts lose money."

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