Plus500 Review

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Contents

Plus500 Review

Review

Plus500 is a CFD broker operating out of the United Kingdom. A huge accomplishment for this company is that it is a FTSE 250 listed brokerage, which brings with it the respect and prestige that many smaller brokers have not earned.

The background of the founding team is in technology, and the broker’s proprietary platform is the crowning accomplishment of this team. In addition to the pride it has about its trading platform, Plus500 is proud to display its impressive ratings at Google Play and in Apple’s App Store, which they trumpet as a measure of their popularity. The broker does not provide research or education, but they attempt to compensate by offering a trading platform that is extremely easy to use.

Regulation and Security

Plus500 is among the most highly-regulated brokers in the world, which is a huge advantage for traders wishing to trade with a reliable broker that is based locally. The primary regulator of Plus500 is the Financial Conduct Authority (FCA) in the UK which is counted among the strictest and most reliable Forex brokers in the world. Traders are protected under the Financial Services Compensation Scheme (FSCS), up to £85,000, as per regulatory requirements. This brokerage also operates a subsidiary regulated by the Cyprus Securities and Exchange Commission (CySEC). Plus500 is, therefore, under the Financial Instruments Directive 2020/65/EU or MiFID II and the EU’s 4th Anti-Money Laundering Directive. Traders are protected by the Investor Compensation Fund (CIF) with maximum coverage of €20,000, as stipulated by the EU Directive 2020/49/EU.

Plus500 also serves traders through regulated entities in Australia, regulated by the Australian Securities and Investments Commission (ASIC), in New Zealand under supervision of the Financial Markets Authority (FMA), in South Africa authorized by the Financial Services Board (FSB), and in Singapore regulated by the Monetary Authority of Singapore (MAS). The brokerage also has an Israeli branch regulated by the Israel Securities Administration. Per regulatory requirements, client funds remain segregated from company funds. Plus500 is serving traders from a proper regulatory framework (or, more precisely, several regulatory frameworks), and traders may trust this broker with deposits.

The FCA is the primary regulator of Plus500 in the UK.

Additional entities are managed across several regulatory environments.

Plus500 derives the majority of its revenues from spreads charged on over 2,000 assets. Trading costs for currency pairs are competitive, with the EUR/USD listed at 0.6 pips, and no commissions are charged by this broker. Some asset classes are priced higher than other brokers, so it’s a good idea to check before placing your trades, if you maintain multiple brokerage accounts. If not, you can rest assured that Plus500’s fees aren’t among the highest in the industry, and that some super-low fees will balance out the more expensive ones.

Swap rates on overnight leveraged positions apply. Traders can access the precise amount from inside the proprietary trading platform by clicking on “Details” next to the asset. Some traders have complained that swap rates at Plus500 are higher than those at other brokers, but we could not verify these claims during this Plus500 review. Corporate actions, like dividends, splits, and mergers, are passed on to traders. An inactivity fee of $10 per month applies if the account has been dormant for three months. While this may sound like an annoying fee, other brokers charge as much as $50/month as an inactivity fee, so Plus500’s fee is considered on the low side. A 0.3% currency conversion fee, as well as third-party payment processing fees, complete the fee structure at Plus500.

Trading costs are competitive for pure Forex trader, though fees on other assets may be higher. Plus500 does provide good transparency regarding trading fees.

What Can I Trade

Asset selection at Plus500 is excellent for retail traders through small portfolio management operations. Over 2,000 CFDs are provided across the Forex market, cryptocurrencies, commodities, equities and indices, ETFs, and options markets. Traders can properly diversify portfolios and take advantage of trading opportunities across the global financial spectrum.

Forex traders can suitably manage currency-only portfolios in a cost-effective trading environment through more than fifty currency pairs.

Cryptocurrency selection is sound and exceeds essential names, an area where Plus500 outperforms many retail brokerages.

Commodities are effectively presented and offer proper hedging capabilities for traders.

Index CFDs provide traders with a useful diversification tool and complements the equity CFD selection.

ETF CFDs support passive trading, a growing trend across portfolios.

Options complete the cross-asset trading environment at Plus500.

Account Types

Plus500 provides the same CFD account to all traders, while a professional account is available if two of three requirements are fulfilled. Different services are offered for traders with a pro account, as is common in today’s industry, and required by many regulators. Leverage for the standard account is limited to 1:30, but professional portfolios enjoy an upgrade to 1:300. The Australian entity regulated by ASIC grants leverage of 1:300 for standard accounts and presents the best choice for relevant traders.

Qualified traders may ask for an upgrade to a professional account.

Trading Platforms

Plus500 provides traders with only its proprietary trading platform, which is a surprising strategy considering the popularity of the MetaTrader suite of platforms. The platform was designed with novice traders in mind, and is touted as one of the most user-friendly platforms in the industry. The plus side (no pun intended!) is that new traders can place trades easily and navigate through different assets smoothly. The downside is that automated trading is not supported, third-party plugins are unavailable, and critical trading functions for advanced traders are largely absent.

While it would be nice for Plus500 to offer the MetaTrader 4 platform, that platform is available at most brokers, and it’s somewhat refreshing to see Plus500 stand by its principles to offer something unique and solid.

Unique Features

As mentioned earlier, the most unique offering of Plus500 is its trading platform and impressive choice of tradable assets.

Though 2020 numbers weren’t yet available at the time of this Plus500 review, the 2020 numbers published by the company are in fact impressive.

Research and Education

Unfortunately, there is no research offered by Plus500. The company does offer a limited education section called the Trader’s Guide, which has a few videos that can help traders get started. They also have a fairly comprehensive Risk Management section which explains to traders how to best mitigate their risks while trading. Some brokers have made the case that advanced traders don’t need education, as they already know how to trade, and there is some validity to this claim. However, since Plus500’s platform is relevant to traders at all levels, it would be nice if the company would expand their educational offerings.

Customer Support

Clients have access to customer support 24/7 via live chat or e-mail, which is nice, as most brokers only offer support 24/5. An FAQ section covers the most basic questions. The website covers thirty-two languages, and customer support is equally multi-lingual. Broadly speaking, most traders never require assistance from a broker’s support team. In case the need arises, Plus500 provides adequate support capabilities, highly rated by over 8,100 ratings.

Bonuses and Promotions

Plus500 does not offer bonuses or promotions to its traders, in keeping with regulatory requirements.

Opening an Account

Account openings are processed through online applications, as is the standard operating procedure across the brokerage industry. Plus500 requires an e-mail address and password for the first step of the account opening process. Traders may login with their Google or Facebook accounts, which is a nice, easy touch. New traders need to submit a copy of their ID and one proof of residency document to complete the AML/KYC verification process, as stipulated by regulators. With high regulation and connections to some of the most trustworthy apps and services on the internet, traders may trust this broker with their information.

Deposits and Withdrawals

Plus500 supports bank wires, credit/debit cards, Skrill, and PayPal. Regional payment methods may be available, but full details can be seen only from inside the trading platform, due to geotargeting efforts (so that traders aren’t bothered by irrelevant information). Processing times and potential fees are not provided. In compliance with AML requirements, the name on the trading account and payment processor need to be the same. Withdrawals are processed the same route as deposits. The deposit and withdrawal procedures mirror those at other brokerages, and appear to be in keeping with industry standards.

General Information

Company Information

  • Broker’s Name : Plus500
  • Headquarter : United Kingdom
  • Regulation : CySEC, FCA, ASIC, FMA, FSB, MAS

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:300
  • Commissions / Spreads : Spread
  • Account 1 : CFD
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : Proprietary platform, Web-based
    • English
    • Spanish
    • Arabic
    • Italian
    • French
    • Turkish
    • German
    • Japanese
    • Chinese
    • Russian
    • Portuguese
    • Dutch
    • Greek
    • Malay
    • Thai
    • Bahasa
    • Swedish
    • Polish
    • Other
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Italian
    • French
    • Turkish
    • German
    • Japanese
    • Chinese
    • Russian
    • Portuguese
    • Dutch
    • Greek
    • Malay
    • Thai
    • Bahasa
    • Swedish
    • Polish
    • Hungarian
    • Other
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Highly regulated
    • Multi-language website
    • Demo account
    • No Swap Account

    Can you make money with Plus500?

    It is certainly possible to make money with Plus500. At the time of updating this review, Plus500 reported according to regulatory requirements that 23.6% of their retail investor accounts were making money when trading CFDs.

    How do I withdraw money from Plus500?

    You can withdraw money from Plus500 through bank wires, credit/debit cards, Skrill, and PayPal. Click on the “Withdrawals” section when logged in for exact instructions on how to execute a withdrawal from your Plus500 account.

    How long does it take to withdraw money from Plus500?

    Plus500 is usually able to get your withdrawal paid to you within 2 or 3 days at most. Plus500 clients report that PayPal tends to be the quickest withdrawal method from Plus500.

    Does Plus500 allow scalping?

    No, Plus500 does not allow scalping.

    Is Plus500 regulated?

    The UK Financial Conduct Authority (FCA) remains the principal regulator for Plus500. This broker is additionally regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (FMA), the South Africa Financial Services Board (FSB), the Israel Securities Authority, and the Monetary Authority of Singapore (MAS).

    Is Plus500 good for beginners?

    Yes, Plus500 is good for beginner traders because it is generally reported to be a user-friendly broker by its clients.

    What is the minimum deposit on Plus500?

    The minimum deposit required to open an account with Plus500 is $100 but may be higher depending upon the payment method used to fund the account.

    Where is Plus500 based?

    Plus500 is headquartered in London, UK, per its FTSE250 listed entity. It additionally manages a global headquarters in Israel while each operating subsidiary possesses its regional one.

    How does Plus500 make money?

    Plus500 charges a spread on over 2,000 assets. As a market maker, this broker also profits from client losses.

    How can I deposit into a Plus500 account?

    Bank wires, credit and debit cards, Skrill, Neteller, and PayPal compose the main payment options supported by Plus500. Regional ones may be available, but this broker solely provides this information from inside its trading platform.

    What is the minimum lot size at Plus500?

    This information is nor provided, but since Plus500 is a CFD broker, the minimum transaction size is presumed to be 1 CFD.

    When does a margin-call take place at Plus500?

    When the account balance fails to satisfy the maintenance margin requirement, a margin call is issued. Precise requirements are provided inside the trading platform, as the maintenance margin is asset dependent.

    What is the maximum leverage offered by Plus500?

    The maximum leverage is capped at 1:30 for retail clients and 1:300 for professional clients, but retail traders under the ASIC regulated entity have access to 1:300.

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    How do I open an account with Plus500?

    Plus500 has an online application form, which is the standard operating procedure.

    What trading platforms does Plus500 offer?

    Plus500 merely provides its sub-standard proprietary trading platform.

    Summary

    Plus500 is a well-regulated broker, operational since 2008, which gives it experience and tenure that many of today’s young brokers don’t have. At first glance, this brokerage comes across as a market leader, and its operational statistics are certainly impressive. The best feature provided is the asset selection, and the broker’s weakest offering is its education and research sections.

    While this brokerage is in full compliance with its regulators, it has run into some problems in the past (though they have been resolved without the company filing for bankruptcy or insolvency, which is a strongly positive sign).

    Plus500’s only platform is its proprietary platform, which can be both an advantage and disadvantage for traders. New traders will love the easy-to-use platform, and advanced traders may appreciate the simplicity as well, at least as a secondary option for traders who want to take advantage of Plus500’s other offerings.

    Trading costs for currency pairs are competitive and make Plus500 an attractive broker. Our conclusion is that despite some flaws, Plus500 offers advantages where it really counts – with a wide asset offering, user-friendly platform, and competitive spreads.

    User Reviews

    Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

    Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

    fisherman

    Hi everyone,i just noticed this website,i see there is a lot of comments about 500+,i have been trading with them for over 3.5years,before that I looked at a lot of different platforms,each having plus and minus features,when I first looked at 500+ I could see straight away that it was a clear and simple platform.I have no connection with 500+ so I give my honest opinion.Im a self taught trader although I am in the process of doing a professional trading dip.You really have to know what you are doing with trading,no second guessing,do your research and then do more.If you have time watch Bloomberg tv,its a good way to get a feel for whats going on in the market.There are a lot of tips I could give but id be typing for hours.It is possible to make money on this platform,i made 560euro in one day,i missed a trade by 2 days which would have made me 24,000 euro in 5 days,so I know its possible,i traded blackberry successfully when almost every analyst said don’t.I also lost money,thats part of trading.

    hakiks

    I have some reservations about Plus500. First of all, why they offer £/€25,00 at the registration time! To attract you, of course and then the experience becomes boring and frustrating. Entered into their system about a month and due to the EUR set back and USD uplift lost half of my investment (though not much to other, but enough for me as an academic). The good thing is that they do not charge for each trade, but their premium is high, especially overnight. One better thing that I found is that their rates are online which is compatible to Yahoo currency. The other good thing is that they respond to your email, but there are a few things that I like to reveal.
    Now like to share about my experience. Within this one month period, every day I take a log of my preferred currencies and their rates from time to time. However, among a few things that I observed that whenever there is a big dip in the rate and you like to take the advantage of that, either your system hangs out or you are logged out of the system. When you are back to the system, either your last purchase is approved with higher price, or you lost the chance to buy the same because the rate has gone up by that time. The same thing happened to me when there is a sudden rise and I could not avail to take the opportunity. I thought and still desire to gain at most 100-200Euros from my little investment, which is not a 100% profit of course, but in reality I am very much doubtful to invest further there. Sorry, if I am wrong, or I am little unfortunate in this business (a first timer and never thought of investing in such instrument, unless much hit by this EU economic crisis), but in my believe money is not safe in to the system, unless you are very opportune. Of course, you (the Company) are in business and you have to gain money, but there should be a little flexibility from the client side too. Every time I am buying a stock from the system, I am in a tense mood, because of my feeling that I am going to lose again! Because the system does not allow you to sale without certain restriction when you are at lose (agree, but the restriction, to me seems very much confined). I hope I am wrong. Will be very happy, if someone intelligent, and more experienced may shade some light on this.

    Markmunro4

    Hi there, My name is Mark Munro, I am a 20 year old Business student in Glasgow Scotland. And i have had a very good experience with PLUS500. I deposited £150 uk pounds, i then confirmed, my e-mail, my address, and any other documentation. I know this seams abit dodgey, and i was very very weary of doing it, but i then applied to get my money withdrawn, £189 after around a week (thanks apple) it then took 5 days, and the money is back in my account. If you follow the rules youl be fine if you live in the UK. my main tip is DO NOT SCALP. or rather invest in any stock for less than 5 minutes. if you do this you will be at risk, reading the terms and coditions. I had a very good experience, although i was very nervous with all the reviews i read. If anyone has any questions, please feel free to eamil me at [email protected]
    THIS SYSTEM WORKS iffffffffffff you follow the rules, plain and simple from my experience and made £39 in one week

    Plus500 Review

    The Plus500 trading platform is a UK based broker with offices located in the City of London and is authorised and regulated by the Financial Conduct Authority (FCA).

    The company is one of the leading providers of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, ETFs, options and indices, alongside a range of trading technology. Currently the company offers a portfolio of over 2000 instruments as well as offering a range of features and trading tools to help traders better manage their trading accounts including Stop Limits, Stop Loss and Guaranteed Stops, as well as email and push notifications on market events and alerts on price movements and changes.

    For traders interested in cryptocurrencies like Bitcoin, Plus500 is one of the few brokers that also offer cryptocurrency CFDs.

    When traders open an account, Plus500 hold their funds on a segregated basis, in accordance with the Financial Conduct Authority’s client money rules.

    • Used by 300,000+ traders
    • Established in 2008
    • Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). 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
    • Min. deposit from €100
    • Doesn’t allow scalping (See alternatives)
    • Inactivity Fee
    • Limited range of instruments

    To open a live account, you’ll need a minimum deposit of at least €100. Alternatively, Plus500 offers a demo account that you can use to practice and familiarise yourself with their platform.

    Regulated by the Financial Conduct Authority, UK (FRN: 509909), CySEC (Licence: 250/14), ASIC (AFSL #417727), and FMA in New Zealand (FSP 486026). Plus500 puts all client funds in a segregated bank account and uses tier-1 banks for this. Plus500 has been established since 2008, and have a head office in Israel.

    Before we dive into some of the more detailed aspects of Plus500’s spreads, fees, platforms and trading features, you may want to open Plus500’s website in a new tab by clicking the button below in order to see the latest information directly from Plus500.

    Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

    76.4% of retail CFD accounts lose money

    What are Plus500’s spreads & fees?

    Like most brokers, Plus500 takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

    The commisions and spreads displayed below are based on the minimum spreads listed on Plus500’s website. The colour bars show how competitive Plus500’s spreads are in comparison to other popular brokers featured on BrokerNotes.

    Plus500
    EUR/USD (Average: 0.7 pips) 0.01% 3.0 pips 0.9 pips
    GBP/USD (Average: 1.1 pips) 0.01% 4.0 pips 1.6 pips
    USD/JPY (Average: 1.1 pips) 0.02% 2.0 pips 1.1 pips
    AUD/USD (Average: 0.8 pips) 0.01% 1.0 pips 1.1 pips
    USD/CHF (Average: 2.3 pips) 0.02% 3.0 pips 1.6 pips
    USD/CAD (Average: 2.9 pips) 0.02% 3.0 pips 2.0 pips
    NZD/USD (Average: 3.6 pips) 0.05% 5.0 pips 1.8 pips
    EUR/GBP (Average: 2.4 pips) 0.02% 4.0 pips 1.5 pips

    Spreads are dynamic and are for informational purposes only.

    As you can see, Plus500’s minimum spread for trading EUR/USD is 0.01% pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Plus500 vs. similar brokers.

    How much does Plus500 charge to trade 1 lot of EUR/USD?

    If you were to buy one standard lot of EUR/USD (100k units) with Plus500 at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $15.4. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

    Plus500 XTB AvaTrade
    Spread from : $ 6.00 $ 2.00 $ 7.00
    Commission : $0.00 $0.00 $0.00
    Total cost of a 100k trade: $ 6.00 $ 2.00 $ 7.00
    $4 less $1 more
    Visit Plus500 Visit XTB Visit AvaTrade

    All fees/prices are for informational purposes and are subject to change.

    What can you trade with Plus500?

    Plus500 offers over 2,000 different instruments to trade, including over 61 currency pairs. We’ve summarised all of the different types of instruments offered by Plus500 below, along with the instruments offered by XTB and AvaTrade for comparison.

    FX / Currencies Plus500 XTB AvaTrade
    # of forex pairs offered 61 48 59
    Major forex pairs Yes Yes Yes
    Minor forex pairs Yes Yes Yes
    Exotic forex pairs Yes Yes Yes
    Cryptocurrencies Yes Yes Yes
    Commodity CFDs Plus500 XTB AvaTrade
    # of commodities offered 17 21 16
    Metals Yes Yes Yes
    Energies Yes Yes Yes
    Agricultural Yes Yes Yes
    Index & Stock CFDs Plus500 XTB AvaTrade
    # of stocks offered 1816 1606 99
    UK shares Yes Yes Yes
    US shares Yes Yes Yes
    German shares Yes Yes Yes
    Japanese shares Yes Yes Yes
    See Plus500’s Instruments See XTB’s Instruments See AvaTrade’s Instruments

    What’s the Plus500 trading experience like?

    1) Platforms and apps

    Plus500 offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here

    Plus500 also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

    Still not sure?

    2) Executing Trades

    With Plus500, the minimum and maximum trade requirements vary depending on the trader and the instrument.

    As a market maker, Plus500 may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

    As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

    Plus500 also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by Plus500 here.

    Finally, we’ve listed some of the popular funding methods that Plus500 offers its traders below.

    Trading Features:

    • Low min deposit
    • Guaranteed stop loss
    • Offers Negative Balance Protection

    Accounts offered:

    • Demo account
    • Standard account
    • Islamic account

    Funding methods:

    • Credit cards
    • Bank Transfer
    • PayPal
    • Skrill

    3) Client support

    Plus500 support a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese.

    Plus500 has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

    4) What you’ll need to open an account with Plus500

    As Plus500 is regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). 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 , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

    • A scanned colour copy of your passport, driving license or national ID
    • A utility bill or bank statement from the past three months showing your address

    You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

    While you might be able to explore Plus500’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

    To start the process of opening an account with Plus500 you can visit their website here.

    What trading platforms do Plus500 offer?

    Plus500 offers its clients access to several trading platform applications, compatible with different dekstop, smartphone and tablet devices. These are as follows:

    • Plus500 Webtrader (web-based trading application). This can run on Google Chrome, Internet Explorer and Mozilla Firefox.
    • iOS Trading application for iPhones and iPads
    • Android Trader for Android-based devices
    • Windows trader, which is the desktop application that can be downloaded onto computers that run on Microsoft Windows.
    • Windows 10 Trader, specifically built to run on Windows computers that run on Windows 10 software.
    • Windows phone app.

    Plus500 WebTrader Interface

    The Plus500 Webtrader has a simplified interface which features the asset groups, which can be accessed by the Trade button on the top of the page. It is also possible to view active and closed positions on the navigation bar, just to the right of the Trade button.

    The assets that the trader can trade are listed, with each listing showing the Bid and Ask prices as well as the highest and lowest prices for the day. Traders can choose to Buy or Sell an asset by clicking the respective buttons located beside the Bid and Ask prices. The chart for the selected asset is shown below the asset prices. Traders can switch between line charts, bar charts or candlestick charts using the appropriate buttons just located above the chart window.

    How to trade on Plus500

    To trade an asset, simply click Buy next to the ask price, or Sell next to the bid price (the prices listed to the left). When these buttons are clicked, a small window opens which shows the asset, the current price, the amount to be invested in the trade, the required margin as well as the stop loss and take profit prices.

    Each of these settings can be adjusted, after which the trader can click the trade execution button (which in this snapshot is SELL).

    What risk management tools do Plus500 offer?

    The following are the risk management tools available on the platforms of Plus500.

    ‘Close at Profit’ [Limit] or ‘Close at Loss’ [Stop loss] rates

    These are basically instructions to close out trades at the stop loss or take profit levels which have been pre-defined during trade setup.

    Guaranteed Stop

    A guaranteed stop loss protects the trader’s capital in the event of a large market gap or a massive slippage. On Plus500, you can use a guaranteed stop only for certain assets. A checkbox will be displayed beside any instrument that supports this facility. A Guaranteed Stop must be selected while setting up a new trade. It cannot be used for active positions.

    Price alerts

    It is possible to set price alerts to provide notifications when the asset has hit a certain buy or sell price. This function can be seen in the instrument list as a bell icon. Click on this bell open a “Price Alert” screen. The price alert is given to the trader in the form of an SMS, email or push notification.

    For instance, if gold is trading at $1205 an ounce, and you think there will be a trade re-entry opportunity at a price of $1,050, you can set a price alert for this price. If the price of gold retreats to this level, you get a notification on the new price. This can be a useful facility for those trading with limit orders.

    Trailing Stop

    A trailing stop is a trade protection facility that automatically protects a position from reverse movements while locking in profits when the price moves in the direction of the trade. It is not guaranteed.

    A trailing stop moves with the trade when it is in profit territory. In other words, it chases the trade. If the market reverses against the position, it freezes and can also close out the position when the market price hits the trailing stop level.

    • Written by Marcus Taylor
    • Founder & CEO

    Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.

    CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
    This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.plus500.co.uk/ on 01/04/2020.

    Plus500 not quite right?

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    Plus500 Broker Review: Safe Or Scam? We Uncover The Pros & Cons

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    Last Updated on March 24, 2020

    Overview

    Risk Warning: 76.4% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Plus500 is a leading global Contract for Difference (CFD) brokerage firm and online trading platform. CFDs are derivative instruments that allow customers to buy and sell financial instruments without actually holding them in their account. Plus500 offers CFD trading in a variety of financial markets including commodities, cryptocurrencies forex, stocks, ETFs and market indices. Its trading platform is known for its simple design and ease of use.

    Plus500 has received awards and recognition from industry watchers for its excellent service. Plus500 also has one of the highest rated CFD apps on the App Store and Google Play.

    We think the Plus500 trading platform is incredibly slick and one of the best on the market. Traders seeking a first-rate, professional online trading experience and access to a large number of CFDs in a variety of different asset classes should check out Plus500. Always remember that your capital is at risk and whilst Plus500 is a responsible broker and won’t allow you to lose more than your account balance, trading CFDs is for experienced traders.

    This Plus500 review will cover all of the relevant details of the company and discuss the broker’s major advantages and disadvantages.

    Why Choose Plus500?

    Plus500 – Essential Information

    What’s Good About Plus500? What Could Plus500 Do Better?
    Plus500 www.plus500.com (76.4% of retail CFD accounts lose money)
    Overview The World’s Trading Machine
    Our Overall Rating
    Broker Trust Rating 90/100
    Founded 2008
    Number of Customers 200,000+ worldwide
    Product CFDs
    Markets Commodities
    Cryptocurrencies
    Stocks
    Indices
    ETFs
    Countries Served 50+ (Full list below)
    Minimum Deposit Minimum deposit varies according to payment method and the country where you are based.
    Fees Plus500 is a no-commission broker. Plus500 makes money through the market bid/ask spread (See below). Plus500 charge an inactivity fee of $10 and some overnight and premium fees may apply. See here for full list of fees.
    Regulator(s) UK Financial Conduct Authority, Australian Securities and Investment Commission and The Cyprus Securities Exchange
    Customer Support Email & Live Chat
    Awards Plus500 is one of the highest rated CFD trading apps on Apple’s AppStore and Google Play
    Demo Account Yes – a free demo account is offered and available even after opening a real account.

    History of Plus500

    Plus500 was founded in Israel in 2008 by six individuals who were alumni of the Technion Institute of Technology. One of the founders seeded the company with $400,000 of his own money. In 2020 the company raised $75 million through an IPO on the AIM market of the London Stock Exchange. By 2020 the company had a market cap of over $1 billion.

    Plus500 is registered and located in Israel and has subsidiaries in the UK, Cyprus and Australia. Its subsidiaries are regulated 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 (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

    Plus500 provides 24/7 email and live chat support in 15 languages. The firm also offers chat support in English 24/7 in most jurisdictions where it operates. In addition, traders can view the Plus500 website and mobile apps in 30 different languages. The company does not offer customer support by phone, which may be a problem if you lose your internet connection.

    In June 2020, Plus500 started trading on the main London market as a constituent of the FTSE250.

    Which Countries Does Plus500 Operate In?

    Plus500 is available in 50+ countries and in more than 30 languages.

    IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

    1. Andorra
    2. Argentina
    3. Australia
    4. Austria
    5. Bahrain
    6. Bulgaria
    7. Chile
    8. Costa Rica
    9. Croatia
    10. Cyprus
    11. Czech Republic
    12. Denmark
    13. Estonia
    14. Finland
    15. France
    16. Germany
    17. Gibraltar
    18. Greece
    19. Hungary
    20. Iceland
    21. Ireland
    22. Isle of Man
    23. Israel
    24. Italy
    25. Kuwait
    26. Latvia
    27. Liechtenstein
    28. Lithuania
    29. Luxembourg
    30. Malaysia
    31. Malta
    32. Mexico
    33. Monaco
    34. Netherlands
    35. New Zealand
    36. Norway
    37. Oman
    38. Poland
    39. Portugal
    40. Qatar
    41. Romania
    42. Saudi Arabia
    43. Slovakia
    44. Slovenia
    45. South Africa
    46. Spain
    47. Sweden
    48. Switzerland
    49. United Arab Emirates
    50. United Kingdom
    51. Uruguay
    1. English
    2. Arabic
    3. Bulgarian
    4. Croatian
    5. Czech
    6. Danish
    7. Dutch
    8. Estonian
    9. Finnish
    10. French
    11. German
    12. Greek
    13. Hebrew
    14. Hungarian
    15. Icelandic
    16. Indonesian
    17. Italian
    18. Japanese
    19. Korean
    20. Latvian
    21. Lithuanian
    22. Malay
    23. Maltese
    24. Norwegian
    25. Polish
    26. Portuguese
    27. Romanian
    28. Russian
    29. Serbian
    30. Simplified Chinese
    31. Slovak
    32. Slovenian
    33. Spanish
    34. Swedish
    35. Traditional Chinese
    36. Turkish

    It is worth remembering that although the trading platform is available in over 30 languages, customer support is actually only offered in Arabic, Dutch, English, French, German, Hebrew, Italian, Polish and Spanish.

    Can I Trust Plus500?

    Plus500 lists on the London Stock Exchange

    Yes, Plus500 is a trustworthy, publicly traded company regulated in multiple jurisdictions.

    Plus500 is a safe and secure way to trade CFDs. Plus500 subsidiaries are individually regulated by the following agencies; Financial Conduct Authority (FCA), Cyprus Securities Exchange (CySEC), Australian Securities and Investments Commission (ASIC).

    See the table below for exactly which regulator covers you in your country and what protection is offered.

    Regulator Countries Covered Protection Offered Additional Protection Offered
    Financial Conduct Authority (FCA) UK, Ireland and Germany All client funds are held in a segregated client bank account Clients of Plus500UK Ltd would fall under the ‘investments’ claim category, whereby the cover is £85,000 per person per firm.
    Cyprus Securities Exchange (CySEC) Andorra, Argentina, Austria, Bahrain, Belgium, Bulgaria, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gibraltar, Greece, Hungary, Iceland, Isle of Man, Israel, Italy, Kuwait, Latvia, Liechenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Monaco, The Netherlands, Norway, Oman, Poland, Portugal, Qatar, Romania, Saudi Arabia, Slovakia, Slovenia, Spain, South Africa, Sweden, Switzerland, United Arab Emirates and Uruguay. All client funds are held in a segregated client bank account
    Australian Securities & Investments Commission (ASIC) Australia, New Zealand and South Africa All client funds are held in a segregated client bank account

    76.4% of retail CFD accounts lose money.

    Financial Conduct Authority (FCA)

    The UK’s Financial Conduct Agency regulates Plus500’s activities in the UK, but through the FCA’s “passport out” system ( which enables an authorised firm to provide financial products or services, set up a base, or run its permitted activities in another country in the

    ” data-original-title=””>European Economic Area (EEA)) the FCA also covers their activities in Ireland and Germany.

    The fact that Plus500 is regulated by the FCA is a huge positive. The FCA and the UK is widely respected as a leader in financial regulation and in fact the UK scores highly in Transparency International‘s rankings of countries based on their corruption perceptions index meaning the UK is a pillar of anti-corruption.

    Plus500 customers in the countries listed above are protected by the UK based scheme Financial Services Compensation Scheme (FSCS) which was established to protect consumers when authorised financial services firms fail. In short, it steps in and pays compensation up to certain levels if a regulated firm is unable to pay. Up to £50k of funds deposited into Plus500 are protected by the FSCS if you are in one of countries that fall under the FCA jurisdiction.

    For more information, Plus500’s Financial Services Register reference number is FRN 509909.

    Cyprus Securities Exchange (CySEC)

    The Cyprus Securities and Exchange Commission is the financial regulatory agency of Cyprus. Cyprus is a European Union member and is a financial services industry hub. The country ranks well in the Transparency International league table of countries based on their corruption perception index.

    This is reassuring if you’re in a country where your Plus500 activities are regulated by CySEC, although obviously it is worth remembering that the level of compensation available (up to €30,000 if Plus500 fails) is less than if you are in a country that falls under the jurisdiction of the FCA.

    Australian Securities and Investments Commission (ASIC)

    The Australian Securities and Investments Commission or ASIC covers Plus500’s activities in Australia, New Zealand and South Africa.

    ASIC’s oversight of Plus500 means that client money is held in a trust and completely separate from Plus500’s own money. Unlike other jurisdictions however, if you are based in Australia or South Africa, there is no additional compensation scheme in place to cover your deposit.

    That doesn’t mean it isn’t safe to deposit with Plus500 if you’re in Australia or South Africa it just means you are offered only the legal protection afforded by the Australian legal system. That being said, money held in trust in Australia is highly regulated covered by the Corporations Act, and given Plus500’s failure seems unlikely anyway we still feel happy recommending Plus500 in these countries.

    Inside the Plus500 Offices

    Plus500 Office Reception. Plus500 Careers

    Plus500 team members chatting in common area. Plus500 Careers

    Some of the Plus500 team. Plus500 Careers

    Who Runs Plus500?

    The Plus500 board currently consists of 7 directors. We have listed the main management team and their responsibilities below:

    www.plus500.com 76.4% of retail CFD accounts lose money.
    Mr. Elimelech holds a B.A. in Accounting and Economics from Haifa University and is a certified accountant in Israel.
    Mr. Haber holds a B.Sc. in Computer Science from the Technion, Israel. Before founding Plus500, Mr. Haber served as chief operating officer of InterLogic Ltd, a ‘skilled games’ programme provider for the internet, and mobile devices, which he co-founded in 2004.
    Mr. Even-Chen holds a B.A. in Accounting and Economics from Tel-Aviv University, an LL.B Degree from the College of Management and an MBA (specialising in Financial Management) from Tel-Aviv University.
    Ms. Judd is a chartered accountant with over 30 years of experience in Compliance, Regulation, Corporate Finance and Audit.

    Asaf Elimelech signs shirt sponsorship deal. EFE/ Rodrigo Jiménez

    Plus500 Trading Products

    Plus500 offers customers access to trading seven categories of financial instruments through the use of CFDs: indices, commodities, forex, cryptocurrencies shares, options and ETFs:

    1) Indices

    Trade the most popular Indices around the world like USA 500, NASDAQ 100 and France 40 with leverage.

    2) Commodities

    1. Oil
    2. Gold
    3. Natural Gas
    4. Silver
    5. Cocoa
    6. Coffee
    7. Sugar

    3) Forex

    Plus500 cover all the major currency pairs including EUR/USD, GBP/USD and EUR/GBP.

    4) Cryptocurrencies

    1. Bitcoin
    2. Bitcoin Cash
    3. Ethereum
    4. NEO
    5. Monero
    6. Ripple
    7. Litecoin
    8. IOTA

    5) Shares

    Trade CFDs of popular shares from the UK, USA, Germany and more.

    6) Options

    Plus500 offers options contracts on the following stocks and indices:

    1. Germany 30
    2. France 40
    3. UK 100
    4. Netherlands 25
    5. USA 500
    6. Italy 40
    7. Alphabet
    8. Facebook
    9. Apple
    10. Hong Kong 50
    11. Deutsche Bank
    12. Snap
    13. Europe 50

    7) ETFs

    Plus500 offers contracts on the following ETFs:

    Symbol Name
    SLV iShares Silver
    USO USO-Oil Fund
    UNG UNG-Gas Fund
    OIH OIH-Oil Service
    GLD GLD Gold
    DBC Commodity Index Fund
    GOLD.AX ETFS Gold
    VXX VXX Volatility (ETF)
    QQQ QQQ
    ISF-L iShares UK 100
    SPY SPY
    DVY DVY
    IAEX.AS iShares AEX
    FAS FAS
    EWJ iShares Japan
    ACWI ACWI
    EWY iShares Korea
    SDS SDS
    GDX GDX
    EWZ EWZ
    EFA EFA
    IWM iShares R2000
    IWO IWO
    XLI XLI
    IWF IWF
    VTI VTI
    XLK XLK
    XHB XHB
    XLV XLV
    IYR IYR
    EXW1.DE iShares EU50
    DIA DIA
    EEM iShares EEM
    FAZ FAZ
    SPXU SPXU
    EDC EDC
    IJR IJR
    IWN IWN
    EXS1.DE iShares DAX
    AGQ AGQ
    ERX ERX
    QID QID
    FEZ SPDR EURO 50
    QLD QLD
    TLT TLT
    XME XME
    XLP XLP
    EWT EWT
    EWH EWH
    RSX RSX
    TNA TNA
    SPXL SPXL
    XLU XLU
    XLF XLF
    UPRO UPRO
    CAC.PA Lyxor CAC
    BND BND
    EWW EWW
    VNQ VNQ
    FXI iShares China
    HYG HYG
    TBT TBT
    VWO VWO
    FXE FXE
    VGK VGK
    SSO SSO
    MDY MDY
    STW.AX SPDR S&P/ASX 200
    XLB XLB
    XLY XLY
    SH SH
    TZA TZA
    XRT XRT
    XLE XLE
    TWM TWM
    XOP XOP
    SFY.AX SPDR S&P/ASX 50
    LQD LQD
    JNK JNK
    IAU IAU

    Plus500 Account Types

    Plus500 aims to keep things simple and, therefore, only offers two types of trading accounts – a standard live trading account and a demo account. Opening an account is simple and straightforward. The signup page asks traders to choose between the live and the demo account. After making this selection, traders are taken to the registration page where they fill in some basic information and click the “Create Account” button.

    Illustrative prices only. (76.4% of retail CFD accounts lose money).

    It is worth remembering though that once you have an account, you will need to complete the Plus500 verification process (described in detail below) before you can place your first real trade.

    There is no time limit for using the demo account. Traders in demo mode can easily toggle between the real account and demo account by clicking on the desired account in the main screen menu.

    What is a Gold Account?

    Plus500 has enhanced and upgraded its systems. As a result, Plus500 has upgraded most trading accounts to “Gold accounts.” These accounts have different units of trade size and a 5% discount on all overnight funding charges. Each instrument has a different unit of trade size. Traders can choose the ones that best fit their trading goals.

    Plus500 Pro Account

    Plus500 now offers a Professional Client Account (Pro Account) to traders who meet certain criteria. This special premium account offers the following features:

    • Higher leverage amounts on some instruments
    • The same client money protection advantages offered with a Retail Account
    • The same negative balance protection offered with a Retail Account
    • Traders can revert back to a Retail Account at any time

    Traders who opt for a Pro Account lose access to the Financial Ombudsman Service (FOS). The FOS is an independent organization that was established to resolve disputes between financial institutions and their customers.

    Traders must request consideration from Plus500 for a Pro Account. Plus500 will then assess your expertise, knowledge of financial markets and experience to determine if the account is right for you. In addition, Plus500 must establish that you are capable of making your own investment decisions and understand the risks involved in those decisions.

    In order to be granted a Pro Account, traders must meet at least two (2) of the following criteria:

    1. Sufficient Trading Activity: Traders must have executed an average of 10 transactions per quarter (of significant size) over the previous four quarters with Plus500 or another CFD broker.
    2. Portfolio Size: Traders must have a financial instrument portfolio of at least €500,000. This includes both cash deposits and financial instruments.
    3. Relevant Work Experience: Traders must have worked in the financial sector for at least one year in a position which requires knowledge of the related products and services (e.g., OTC derivatives such as leveraged CFDs, forex or spread betting).

    Plus500 Spreads and Fees

    The relevant underlying financial instruments determine the Plus500 spreads offered to traders. Plus500 obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds.

    Plus500 receives its compensation through the market bid/ask spread. In addition to this spread (detailed below), customers may, however, incur the following Plus 500 fees:

    Overnight Funding: This overnight Plus500 fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time.

    Inactivity Fee: Plus 500 charges traders a $10 inactivity fee if they don’t use the platform for a period of three months. This Plus500 fee only applies to real money accounts and only if the trader has sufficient funds in the account. Traders simply need to log in to their accounts periodically to avoid these fees.

    Guaranteed Stop Order: Traders who want to guarantee that their position closes at a specified price may pay wider Plus500 spreads to execute these trades.

    Traders pay the spreads on trades. The spreads are shown as a percentage of the underlying instrument’s price and vary according to liquidity, volatility and other factors. The following are recent Plus500 spreads for indices, forex, commodities, cryptocurrencies, shares and ETFs but it’s important to note that these are variable . Options strikes available for trading vary with the price of the underlying asset and time, so traders should consult the Plus500 website for those spreads.

    Account Requirements

    Plus500 serves 50 countries worldwide. The process of opening an account is largely the same in each jurisdiction. Before you can trade with Plus500 for the first time, you need to pass an identity and residential address verification as well as verifying the source of the funds. Don’t worry, the process is quite simple and we’ve found Plus500 to verify files quickly so there isn’t typically a long delay between signing up and being able to trade.

    To pass their identity verification, you will need a Government issued form of identification e.g. a passport which contains the following:

    1. Photo
    2. Identity number
    3. Full name
    4. Date of birth
    5. Date of expiry

    To pass their residential address verification, you will need to provide one of the following:

    1. Bank statement
    2. Credit card statement
    3. Electricity bill
    4. Water or gas bill
    5. Council tax bill
    6. Tax letter
    7. Phone bill
    8. Television services bill
    9. Internet bill

    To verify the source of your funds i.e. to prove you are the legitimate owner of those funds, you may need to provide a scan of one of the following:

    • The front of your debit/credit card
    • A bank/credit card statement.

    Traders can make deposits and withdrawals by major credit cards such as Visa or MasterCard, bank wire transfer, PayPal or Skrill. Deposits by wire transfer may take up to five days for funds availability, while deposits through Visa and MasterCard are the fastest.

    Depositing money in an account is fast and simple. Traders click on the Funds Management tab on the main screen and select “Deposit.” Traders then select the deposit method of their choice, fill in the required information and click “Submit.” The minimum amount required to make a deposit starts at $100 but depends on where you are based and the method of funding.

    Plus500 offers different amounts of leverage depending on the CFD product and the type of account being used (retail or professional).

    Each CFD also has specific Plus500 margin requirements that traders must maintain. Traders who fall below the Plus500 margin requirements will have their positions closed with no option to keep their positions open.

    Plus500 Withdrawal

    All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in your currency).

    The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in your currency). All withdrawal requests are processed by Plus500 within 1-3 business days.

    Withdrawl Limitations

    All withdrawal methods have minimum amount thresholds, which can be found on the withdrawal screen on the trading platform.
    Plus500’s stated policy, wherever possible, is to only return funds to the same payment method from which they originated.

    Withdrawal Times

    Listed below are the withdrawal methods Plus500 offers. Please note that some of the methods may not be available in your country:

    Electronic wallets – PayPal or Skrill. Funds should be received in your e-wallet account in 3-7 business days after withdrawal has been authorized.
    Bank transfer – direct bank to bank funds transfer. Funds should be received in your bank account within 5 business days from the authorization of the withdrawal. Withdrawals to a bank account may be subject to further delays sometimes depending on the banking institution and the jurisdiction in question.
    Debit/Credit cards – funds should be received according to each issuer or bank’s refund processing time.

    Plus500 WebTrader Review

    The Plus500 platform is a well-designed platform with excellent features for a variety of traders. The platform seems particularly well-suited to traders who want to navigate quickly between many different trading instruments. In fact, the platform’s main screen gives traders access to hundreds of different instruments without the need to pull up additional windows.

    The main screen gives traders access to trade execution, pricing information, charting, positions and fund and balance information. The main screen is organized with a logical and intuitive structure:

    Example Trade

    For illustrative purposes only – not a recommendation.

    For illustrative purposes only

    Trade: On the very left side of the screen is the trade tab. Traders can click on each category and get a drop-down menu of items to trade. These drop-down folders contain all of the products on the platform and eliminate the need for traders to use a search engine or navigate to another page to find trading instruments. Traders can also set up a “favorites” or “most popular” section so they can quickly locate instruments to trade.

    Clicking on an instrument creates the trade ticket shown above. The ticket offers a litany of sophisticated options for more advanced traders. Traders can choose the size of the trade and can add provisions to lock in profits or stop losses. Plus500 traders can also add trailing stops to orders and calculate leverage used and margin required for trades. The ticket is one of the features of the Plus500 platform that sophisticated traders will find very appealing.

    Instruments Section: The top part of the screen allows the trader to populate a window with instruments they want to track or frequently trade. This section has a lot of attractive features that should appeal to active traders. The big buy and sell buttons next to each market allow for quick execution.

    More importantly, however, this section integrates the trader’s existing positions into the list. For example, a trader can see his open positions and P&Ls. Plus500 traders can click “Close Position” to send a closing order. Unlike many trading systems that separate open positions from watch lists, this integrating feature is a nice time saver and an easy way to track open positions alongside other securities.

    For illustrative purposes only

    Open and Closed Positions: Traders can navigate to these tabs to keep track of their trading activity. The Plus500 platform allows the trader to search for activity by dates. In the closed position tab, traders can see reasons positions were closed, time of opening and closing, and P&L.

    Example Trade

    Illustrative purposes only – not a recommendation.

    For illustrative purposes only

    Charts: The charting functions offered by Plus500 are the most limiting and disappointing features of the platform:

    For illustrative purposes only

    The charts appear in the main window of the trading platform and graphically represent price movements for trading instruments. The platform allows traders to apply various technical indicators to the charts. However, the number of indicators and time frames that Plus500 offers pales in comparison to other more sophisticated trading platforms such as MetaTrader4. Traders have access to only about a dozen time frames and indicators.

    The Plus500 platform does not support integration with MetaTrader4 or with any type of algorithmic trading. Also, traders can only pull up one chart at a time, which is a seriously limiting factor for active traders who want to compare multiple instruments or the same instrument using different charting tools. In sum, the chart function may be useful for traders who want a general idea of price movements in a financial instrument, but would likely be disappointing to sophisticated traders who need robust charting capabilities.

    Funds: The bottom section of the Plus500 main trading screen shows available funds, equity and profits (or losses) for the account. The best part of this section is the ease with which traders can navigate to the deposit page to add funds to the account. Also, traders can toggle between their real money and their demo account easily, which allows them to test out practice ideas and, if successful, quickly implement them with live trades.

    Plus500 Demo Account

    Plus500 really stands apart from other brokers when it comes to their free demo account, even after you open your real account you can continue to use your demo account to test trading ideas you might have in future. Many other brokers will charge you for a demo account after an initial free period.

    Plus500 doesn’t offer any educational courses, videos or market commentary on its website, which may be a problem for inexperienced traders. However, Plus500 offers traders a demo account where they can test ideas with virtual funds. The demo account is permanent, so traders have access to it even after trading in their real account. In fact, traders can easily and seamlessly switch back and forth between the demo and real money account.

    When traders first sign up for an account, they see the following screen:

    A trader can create an account in the demo mode and then see the same layout that a real money trader sees.

    The demo account has all of the securities available to real money traders. A nice feature of this account is that traders can easily switch to real money trading by clicking the blue button at the bottom of the screen. Also, Plus500 replenishes funds in the demo account when traders fall below certain levels.

    Plus500 App

    In addition to accessing Web Trader via a PC, traders have several other ways to access the Plus500 trading platform:

    iPhone/iPad/Apple Watch App:

    • The app is available from the Apple app store and requires iOS 8.0 or later
    • Compatible with iPhone, iPad and iPod touch
    • Languages supported are English, Arabic, Bulgarian, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Maltese, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Simplified Chinese, Slovak, Slovenian, Spanish, Swedish, Traditional Chinese and Turkish

    Android App:

    • The app is available from Google Play
    • Multi-language 24/7 professional support

    Windows Phone App:

    • The app is available from the Microsoft store
    • Multi-language support
    • Minimum operating system requirements: Windows 10, Windows 8.1, Windows 10 Mobile, Windows Phone 8.1
    • Architecture: ARM, x86, x64

    Plus500 Review 2020 and Technical Opinions

    by filippo | Mar 15, 2020

    Did you search Plus500 review to figure out Plus500’s real value?

    Would you like to fully understand if Plus500 is reliable or if it’s a scam?

    Do you want to find out everything you can do with Plus500, expert opinions, and user reviews?

    In this Plus500 review, you’ll find everything you need to dispel any doubt, including our feedback on Plus500, both practical and technical, after years of experience on the platform.

    The best thing you could is to open a free demo account to try out first-hand the Plus500 platforms, to be able to fully follow this review.

    The most important point to establish when you are beginning to trade with a forex broker, either as an experienced or a new trader, is that they are fully regulated, compliant with all laws and operate in a completely secure and transparent manner.

    These are point which we will clarify from the outset in this review of Plus500.

    Is Plus500 a scam? Is Plus500 reliable? Plus500 review and legal opinions

    From the very beginning of this Plus500 review, we hope to make it abundantly clear that the Plus500 trading platform and company are not a scam in any way.

    In terms of reliability, the company was founded in 2008 and has established itself as one of the most consistent and recognizable brand names within the Forex and CFD trading sector.

    Throughout this Plus500 broker review, you will see demonstrated features and legal oversights which support this stance on the reliability of the companies operation.

    The company has been publically traded on the London Stock Exchange since 2020.

    When I make a deposit to Plus500, where does my money go?

    When you make a deposit with Plus500, the money is deposited into segregated bank accounts held within top-tier financial institutions.

    This is in full compliance with the UK FCA regulatory requirements among others. These regulatory bodies periodically conduct reviews of Plus500 and other major forex brokers to ensure they are remaining fully compliant with these regulations.

    Is Plus500 regulated? Plus500 Regulations – Plus500 license opinions

    One of the most important elements within any review of Plus500 or another broker is regulation. Plus500 is regulated in three key locations which have complete oversight and regulatory authority over the company operations around the globe.

    In the UK, the company falls under the regulatory jurisdiction of the UK Financial Conduct Authority (FCA).

    In Cyprus, the company is regulated by the Cyprus Securities Exchange Commission (CySEC), and in Australia under the Australian Securities and Investments Commission (ASIC). The company also holds a Capital Money Services License and a commodity broker’s license in Singapore.

    These represent three of the most respected and stringent regulatory bodies in global finance and trade. It can therefore be surmised that Plus500 are operating well within regulatory boundaries on a global scale.

    How to check the Plus500 licenses

    For further information on the licensing of Plus500 as mentioned in the previous section, we have prepared this collection including regulatory licenses under each organization and the company registration information in each of those areas.

    • UK Financial Conduct Authority License
    • Cyprus Securities Exchange Commission License
    • Australia Securities and Investments Commission License

    What type of broker is Plus500? Plus500 technical opinions

    Plus500 is essentially a Market Maker broker type who deal specifically in CFDs.

    Through this extensive Plus500 review, we can see from the wealth of features the broker operates as well as the breadth of their customer base, that they are offering top quality services.

    In many cases we are taught to be wary of reluctant of Market Makers, however, in the case of Plus500, they have amassed enough trading volume to possess some excellent rates in regard to trading CFDs.

    How does Plus500 profit?

    Plus500 profit by charging marginal spreads to the users on the markets in which they are trading.

    Thanks to the volume of traders using the platform and the global reputation of the company, they are able to keep these spreads at a minimal level to create the best trading conditions for users relative to other trading brokers.

    These spreads typically range from 0.01% in the most traded markets up to a high of 0.25%.

    Plus500 have legally registered offices in several countries, these are namely connected to the countries where they are licensed by regulators. The legal office locations are as follows:

    United Kingdom
    78 Cornhill
    London
    EC3V 3QQ

    Australia
    Plus500AU Pty Ltd
    P.O. Box H339
    Australia Square
    Sydney NSW

    Cyprus
    1 Siafi Street
    Porto Bello Business & Cultural Centre
    Business Suites 1 – 4 Office 104
    CY-3042 Limassol

    Singapore
    Plus500SG Pte Ltd
    1 Temasek Avenue
    Millenia Tower #18-07
    Singapore 039192

    Plus500
    • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
    • Platforms: Proprietary
    • Min. Deposit: $100
    • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
    • Platforms: Proprietary
    • Min. Deposit: $100
    Open Your Account!
    (76.4% of retail CFD accounts lose money)
    • Regulations: Plus500UK Ltd authorised & regulated by the FCA (509909); Plus500CY Ltd authorised & regulated by CySEC (250/14); Plus500SG Pte Ltd licensed by the MAS (CMS100648-1) and IE Singapore (PLUS/CBL/2020); Plus500AU Pty Ltd licensed by ASIC (417727), the FMA (486026), and authorised by the South African FSP (47546).
    • Type: Market Maker
    • Leverage: 1:30
    • Minimum Deposit: € 100
    • Platforms: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)
    • Headquarters: Plus500 Ltd. is headquartered in Haifa, Israel
    • US Customers: No
    • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs

    PART 2 – Plus500 Account Opening

    This is the section of the Plus500 review where we will essentially go “under the hood” to examine everything you can do in terms of trading with Plus500.

    This will include a complete Plus500 account review, what you need to get one started, and a review of their proprietary trading platforms to help you perform at your optimal levels.

    What can you do with Plus500? Plus500 features opinions

    As we quickly established from the outset of this Plus500 Review, the company established themselves as a dominant force within the CFD brokerage field since inception in 2008.

    This rise continued to public listing in 2020 and has shown no signs of abating. The company currently offers in excess of 2,000 trading instruments through its own proprietary trading platform.

    Plus500 demo: how to open a free virtual account

    The Plus500 demo account review is one which has resonated positively with the broker’s user base and acted as a positive stepping stone toward real live trading.

    The demo account is free to open and can easily be obtained in a few easy steps which Plus500 say only take users approximately 5 minutes to complete.

    Once you have opened your demo account, it can be used for an unlimited time period. This is unlike many other major brokers. When the balance of your demo account reaches below 200 EUR, the amount will be reinstated.

    Plus500 Live: how to open a Live Plus500 account

    The functionality of a live account with Plus500 is exactly the same as your demo account.

    The only difference being that real money is at stake. Opening the account is still easy and convenient, requiring little time and just a few additional documents to have your account fully functional.

    You can register your live account right here in a few easy steps.

    Plus500 Deposits and Withdrawals – All the options

    Deposits and withdrawals within the Plus500 system are fast and convenient. The company is also proud of its efforts to limit the amount of fees or charges which they apply.

    In the case of deposits, most deposit methods are fee free and instant, whilst a review of Plus500 withdrawal methods shows minimal of no fees in most cases.

    Deposit Methods

    • Major Global credit cards such as Visa and Mastercard are supported
    • Bank Wire Transfer
    • Paypal
    • Skrill

    The deposit process within the platform is very intuitive and user friendly.

    Withdrawal Methods

    • Credit Cards
    • Bank Wire Transfer
    • eWallets such as Paypal

    Typical withdrawal processing time for Plus500 is between 1-3 days depending on the chosen method. From that point, it will usually take a few additional days to appear in your account. This will vary depending on the policy of you financial institution.

    Whilst Plus500 do their best to ensure traders do not encounter fees, they are not responsible for fees which may be levied by your financial institution.

    Plus500 minimum deposit

    The minimum deposit required in order to open a live account with Plus500 is $100 using a Credit Card, or 500$ via wire transfer.

    This is standard practice throughout the industry and is in fact lower than many other major brokers in the sector.

    Plus500 Bonus and Offers

    Due to stringent regulatory requirements which the company adhere to, they are not currently permitted to offer any additional bonuses or incentives.

    What type of trader are you?

    76.4% of retail CFD accounts lose money

    PART 3 – Plus500 Review – Accounts, Conditions, and Fees

    Plus500 Account Types

    Plus500 sticks to the basic model when it comes to account types. They simply offer standard live accounts and demo accounts. This level of simplicity is something which is often reflected upon in a positive manner within user reviews.

    A simple account set-up and management allows for more time and energy to be focused on trading. This is pivotal to the business model and something which Plus500 review on a regular basis.

    The fact that there are no premium account options for loyal or high-grade customers may be something which seems uncomfortable to more frequent users, but this does set a positive tone of equality among the traders.

    Commissions, Fees, Spread and Market Trading Hours on Plus500

    A factor that resonates positively from many Plus500 customer reviews is the fact that they are commission free on all trades. This is common among several of the major brokers and a very positive attribute for all traders, especially those who trade more frequently.

    Plus500 do a good job of trying to limit fees across the board, including in deposits and withdrawals and many of their markets are tradable around the clock.

    As expected, they do apply a marginal spread to the markets. These are generally kept as low as possible thanks to a high trading volume and typically range from 0.01% to 0.04% with a full list of spreads.

    Plus500 Islamic Account

    Plus500 does offer an Islamic account option for those who desire it.

    This can represent quite the positive selling point for the company since, surprisingly, among top brokers, many still do not offer accounts which are suitable for Islamic users.

    Plus500 Leverage – What it the highest leverage Plus500 offers?

    The leverage available through Plus500 varies depending on the trading instruments you are using, such as the cryptocurrency CFDs which offer up to 1:2 leverage, however the maximum available leverage within any market is 1:30.

    This amount may not be as high as some brokers, but it is an ample amount of risk for any trader and for the platform especially considering the riskier nature of CFDs and the amount of regulatory bodies whom have some form of oversight.

    Plus500 Cryptocurrencies

    Plus500 offers a range of Crypto CFDs, these include Ethereum against Bitcoin as well as USD pairings with Bitcoin, Bitcoin Cash, Ethereum, Neo, Litecoin, Ripple, and Monero.

    Leverage is available within the Plus500 crypto CFDs at a rate of 1:2 with trading available in these markets around the clock.

    Plus500 CFD

    Throughout this Plus500 review, you will have noted that they are exclusively known as a broker of CFDs. It stands to reason then that their offerings in this market are widely varied to cater for an entire range of users.

    The company offers over 2,000 trading instruments through CFDs across a wide range of markets. These include indices, forex, commodities, cryptocurrencies, shares, options, and ETFs. We can safely say that no matter which CFD markets you are in search of, you will likely find them here.

    Plus500 Privacy Policy

    As well as a highly comprehensive privacy policy which is expected from Plus500 and the range of regulatory bodies which monitor their operations, the company also have a broad range of additional policies aimed at protecting and benefiting traders.

    Did you know that thanks to Social Trading you don’t have to be a Trader to earn like one? OPEN AN PLUS500 ACCOUNT AND TRY!

    (76.4% of retail CFD accounts lose money)

    PART 4 – Plus500 Trading Platforms Review

    Becoming more informed about the platforms which will act as your trading vehicle with a broker is vital in your decision making process.

    Therefore, let’s take a look under the covers and see what Plus500 has to offer in terms of trading platforms.

    Plus500 Trading Platform Review

    The Plus500 platform review differs from that of many other major brokers in that they do not offer some of the traditional trading platforms which many may have come to expect. What they do offer though is their own proprietary trading platforms which are varied between being client-based, web-based, and mobile.

    Being such a large and profitable company has allowed Plus500 to invest extensively in making the most user-intuitive and professional trading platform which it can for traders. This is clearly exemplified in the results.

    A quick Plus500 trading software review shows that they offer a downloadable client-based platform, but also a trading platform which is instantly accessible from the web. The platforms themselves are neatly packed with useful features and professional trading tools. These features include prices alerts, a guaranteed stop and the ability to close on profit or losses.

    These features work well in-tandem with a platform interface which is welcoming and well organized. The timeframe of the charts displayed within the trade platform can be toggled between 1-minute and 1-week intervals.

    Web Platforms

    In terms of trading with your computer, Plus500, although not featuring a MetaTrader platform as we often see with major brokers, does feature their own WebTrader. This enables fast and efficient trading directly from your web browser. The process is quite literally instantaneous from clicking the link to opening the WebTrader within your browser.

    This platform immediately stands out as being very user friendly in both layout and process. As noted from the screenshots, the WebTrader opens in 3 easy to view windows within trade mode. This allows you to find all major markets from a scrolling list on the left which will concisely display the top instruments in the center top window when clicked. This means you can quickly and easily access any of the major markets provided by Plus500. The fast search bar which is incorporated also added to the expedient nature of trading through Web trader.

    There are a number of basic and advanced charting tools available with a customizable chart clearly displayed in the center bottom window. This can be easily expanded to full-screen and again provides a high degree of clarity useful for both new and experienced traders.

    Placing orders is concise and fast with the window popping out from the right side of the screen. Here you can easily access all of the basic pricing information as well as more detail on the instrument, available leverage, and ability to set buying levels and stop loss positions.

    On the whole, the WebTrader functions both quickly and efficiently. It is particularly suitable for new traders of those who do not want to be confused by an endless degree of charts and graphs. With that said, these options are still readily available through the platform in a compact fashion.

    Mobile Platforms

    Mobile trading is becoming an increasing important facet within the industry. This is not lost on plus500. A review of the Plus500 app reveals that it is available on both Android and iOS and is well rated and respected within both communities.

    The Mobile Trading platform from Plus500 is also highly user friendly as the web-trading platform. It is visually appealing and compact with all of the necessary trading functions to operate on the move. You can easily log-in using your touch ID, and the mobile platform displays each market and instrument in the same easy to read manner as the Web platform.

    Again with the mobile platform, you can set up multiple indicators on your charts if required, and these will display as nicely and concisely as possible within your screen. When buying and selling you are taken to the next screen where you can easily set you basic parameters such as trade price and also stop/loss positions.

    Each operation window is clearly marked through a taskbar at the bottom of the screen through which you can easily navigate the app and its main features. As with the WebTrader, the mobile app demonstrates itself to be both efficient, attractive, and easy to use for all levels of trader. It is also worth noting that the mobile platform is available in multiple languages on both iOS, and Android.

    Plus500 tutorial: Where to find the best Plus500 Guides

    There is no official educational resource attached to the company website directly, and in a sense, this is a negative point.

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