Plus500 Overview
| Website | plus500.com |
| Year Founded | 2008 |
| Countries of Registration | Cyprus, United Kingdom, Australia, New Zealand, Seychelles, Estonia, Singapore, United States |
| Website Languages | Arabic, Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Latvian, Lithuanian, Malay, Maltese, Norwegian, Polish, Portuguese, Romanian, Russian, Simplified Chinese, Slovak, Slovenian, Spanish, Traditional Chinese, Turkish |
| Regulators | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA |
| Broker Type | MM |
| Dealing | B-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR, GBP, AUD, CAD, CHF, JPY, SEK, NOK, CZK, PLN, HUF, TRY, SGD |
| Spread | average |
| Trading Platforms | Plus500 |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities |
Brief look at Plus500
Plus500 is a leading CFD broker known for its simple and intuitive trading platform, designed to cater to both beginner and experienced traders. Founded in 2008 and regulated by top-tier authorities such as the FCA (UK), CySEC (Cyprus), and ASIC (Australia), Plus500 provides a secure trading environment with access to a wide range of instruments, including forex, indices, commodities, shares, and ETFs. The broker is particularly praised for its user-friendly web and mobile platforms, which offer a streamlined trading experience without unnecessary complexity. While Plus500 excels in providing competitive spreads and no commission fees, it does not support third-party platforms like MetaTrader 4 or MetaTrader 5, which may deter traders who rely on advanced charting and automated trading tools. Additionally, educational resources are somewhat limited compared to competitors, making it less ideal for traders seeking in-depth learning materials. Despite these drawbacks, Plus500 remains a popular choice for traders who prioritize ease of use and access to diverse trading instruments.
Pros
- Regulated by top-tier authorities (FCA, CySEC, ASIC)
- Simple and intuitive proprietary trading platform
- Wide range of tradable instruments, including forex, stocks, and commodities
- Competitive spreads and no commission on trades
- User-friendly mobile app with real-time notifications
- Free and unlimited demo account for practice
Cons
- No support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5)
- Limited educational resources for beginner traders
- Inactivity fees for dormant accounts
- No phone-based customer support; only live chat and email
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Plus500 Reviews
Plus500 is an excellent broker with a very intuitive app. The sign-up process was quick, and the demo account helped me get started with confidence.
3/12/2024Great broker for trading forex and crypto, but I miss having access to MT4 or MT5. Their spreads are competitive, and the withdrawal time is reasonable.
2/28/2024The platform is user-friendly, but the minimum deposit is a bit high for beginners. I also wish there were more account types to choose from.
1/10/2024I love the simplicity of the app and the fast login process. However, the lack of advanced trading tools like MT5 is disappointing for experienced traders.
4/5/2024Fantastic broker with excellent spread rates and a seamless app experience. The download and installation were fast, and trading forex has been smooth.
5/20/2024Leave a Review
Is Plus500 regulated?
| Companies | Plus500CY Ltd, Plus500UK Ltd, Plus500AU Pty Ltd, Plus500SEY Ltd, Plus500EE, Plus500SG Pte Ltd, Plus500US Ltd |
| Countries | Cyprus, United Kingdom, Australia, New Zealand, Seychelles, Estonia, Singapore, United States |
| Regulators | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Plus500 Account Types
| Property | CFD |
|---|---|
| Deposit | $100 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Instant |
| Min Spread | 0.6 pips |
| Fee | No |
| Max Leverage | 1:30 |
| Stop Out | 100% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Plus500 Funding and Fees
| Base currencies | USD, EUR, GBP, AUD, CAD, CHF, JPY, SEK, NOK, CZK, PLN, HUF, TRY, SGD |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill |
| Inactivity fee | $10 per month after 3 months |
| Interest on margin | |
| Withdrawal Fee |
Plus500 Trading Platforms and Conditions
| Trading Platforms | Plus500 |
| Execution Speed | 0 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
Plus500 Trading Assets
| Currencies | 65 |
| Indices | 36 |
| Stocks | 1550 |
| Cryptocurrencies | 0 |
| Bonds | 0 |
| Metals | 5 |
| Energies | 7 |
| Soft Commodities | 10 |
| ETFs | 96 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Plus500 Support
| [email protected] | |
Plus500 vs Competitors
| Features | Plus500 | eToro | AvaTrade | Trading 212 | IG | XTB |
|---|---|---|---|---|---|---|
| Type | MM | MM | MM | MM | MM, DMA | MM |
| Minimum Deposit | $100 | $200 | $100 | $10 | $1 | $1 |
| Regulators | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA | SFSA, FCA, CySEC, ASIC, SEC | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | FCA, FSC, CySEC | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin |
| Platforms | Plus500 | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | Trading 212 | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer | xStation |
| Spread | average | high | low | average | average | average |
| Leverage | 1:30 | 1:30 | 1:400 | 1:30 | 1:200 | 1:500 |
| Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
