Plus500 Review

Plus500 Logo

Plus500 is a popular online CFD only broker that is headquartered in Israel and regulated in multiple jurisdictions through its subsidiaries. The brokerage firm was established in 2008, and they offer CFDs on Forex, Cryptocurrencies, Stocks, Commodities, ETFs, Options and Indices, on their easy-to-use proprietary trading platforms, which is equipped with many useful tools. They provide favorable trading conditions, with tight spreads, no commission fees, fast and reliable order execution, and prompt customer support to their 304,000+ active clients.

Plus500 Review - Trading Platform *Illustrative prices only
Plus500 Review – Trading Platform *Illustrative prices only

Plus500 Review Introduction

In this Plus500 review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Plus500.

Plus500 Platforms & Tools

The broker provides their clients with their proprietary trading platform, Plus500 Trading Platform, which is simple, intuitive, and user-friendly, with a good variety of charting tools and a built-in economic calendar. Plus500 Trading Platform is available as an installable desktop application for Windows 10, a non-installable web version that can run in most popular browsers, and mobile apps for iOS and Android devices, as well as Windows Phone. The broker also provides other useful trading tools, such as Risk Management Tool, Real-Time Alerts, Price Alerts, Traders Sentiment, and more.

Plus500 Review - Real Time Alerts *Illustrative prices only
Plus500 Review – Real Time Alerts *Illustrative prices only

Plus500 Research & Education

Plus500’s website has several sections with FAQs that explain the various markets, how their platform works, and the services they offer. But apart from these FAQs, the broker does not provide any other educational material, as their website has no dedicated educational area.

Plus500 Review - Risk Management Tools *Illustrative prices only
Plus500 Review – Risk Management Tools *Illustrative prices only

Plus500 Trading Accounts

The broker offers only one standard account type for regular retail traders and a professional account for qualified professional traders who apply for it. The standard account requires a minimum deposit of $100 and carries a maximum leverage of 1:300 (1:30 for EU clients). But there is a $10 monthly fee on accounts that are inactive for more than 3 months. Plus500 Professional Account is available for professional traders — those who have had sufficient trading activity in the past 12 months, a financial portfolio of over half a million, and relevant financial sector experience. The account offers greater leverage for qualified EU clients.

Plus500 Account Funding

Plus500 accepts a selection of account funding and withdrawal methods, including bank transfer, credit cards, PayPal, and Skrill. Payment processing time and transactional charges depend on the payment method used. Bank transfers may take a few days to clear, but others may be instant.

Plus500 Customer Service

The broker provide a prompt customer support service via online chat, and email, and the customer support team is available 24/7.

Plus500 Regulation

Plus500 is brand of Plus500 Ltd, and Israel-based firm with subsidiaries in the UK, Singapore, Australia, and Cyprus. Each of those subsidiaries are fully regulated in those countries as follows:

  • Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
  • Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
  • Plus500AU Pty Ltd holds AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa.
  • Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
  • Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).

Plus500 Review Summary

Plus500 is a well-established CFD only broker that is regulated in multiple jurisdictions. They offer a wide range of tradable CFD instruments, with quality trading conditions. The broker provides a proprietary trading platform with unique tools but does not provide educational resources.

It is worth mentioning that some of the trading products and services in this Plus500 review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Plus500 broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500

8.6

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.5/10

Support

8.5/10

Regulation

9.0/10

Features

  • 0ver 2000 tradable instruments
  • A simple and user-friendly proprietary trading platform
  • Risk management tools and traders’ sentiment