Plus 500 Broker review
- Extremely Well regulated
- Excellent for beginners
- Zero commission account
- Listed on the London Stock exchange
Losses can exceed deposit
No of Users
525,000+
Min. Deposit
0
Regulation
FCA,CMB,BaFin
Max Leverage
30:1
EUR/USD
GBP/USD
USD/JPY
USD/CAD
AUD/USD
0.9
1.6
1.1
2
1.1
Spreads
-
EUR/USD : 0.9
-
GBP/USD : 1.6
-
USD/JPY: 1.1
-
USD/CAD : 2
-
AUD/USD : 1.1
Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB
Introduction to Plus 500 Markets
Plus500 is one of the leading Brokers today offering a great platform for trading CFDs, Forex, Cryptocurrencies & Commodities. Plus500, like many other online brokers in the market, offers a demo account to practice and familiarise yourself with their platform. However, If you’re starting out you could consider opening a real live account, the minimum deposit required is £100.
Plus500 is a leading online trading provider that was established in 2008, as of 2013 Plus500 was listed on the London Stock Exchange. Since its opening Plus500 has had over 23 million + registered customers spread across the world in over 50+ countries. Its headquarters are located in Haifa, Israel. Plus500 is regulated and authorised by the Financial Conduct Authority (FCA) of the United Kingdom, the Australian Securities and Investment Commission (ASIC) of Australia, and the Cyprus Securities and Exchange Commission (CySEC) of Cyprus. This ensures that customers’ funds are safeguarded from potential consumer risk as well as money laundering schemes. Customer satisfaction remains at the forefront of PLUS500’s business mandate.
Plus500 is a secure platform that prides itself on providing an easy-to-use interface as well as reliable customer service support. With its wide selection of financial products, Plus500 offers traders an ideal platform to execute their trades.
Risk Warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk as your capital is at risk.
Spreads & Fees
A ‘Spread’ or otherwise known ‘Bid/Ask Spread’ is the measured difference between the buy and sell price quoted for any trading instrument: whether it be a Forex currency pair, Commodity (Crude Oil), precious metals (Gold), indices, Stocks and Crypto (Bitcoin). It can be interpreted as the cost of trading charged by the broker to traders.
Plus500 along with the majority of brokers charges a spread to their clients and that is the reason why the majority of traders choose a broker with low spreads. Spread is reported in PIPs or known as basis points. Spreads can be calculated by spread value in pips × traded lot size.
The graphical illustration shows the comparison of how Plus500’s spreads stack against the combined average spreads of all other established brokers featured on ekzaga.
Forex Spread is the difference between the buy and sell price of a currency pair. For example, if EUR/USD is trading at 1.1150/1.1151, then the spread is 1 pip. The eToro Forex spreads are different from the Forex industry average spreads because they are not based on commissions. When choosing a Forex broker, it is important to compare the different types of Forex spreads that they offer in order to find the best one for your trading needs.
As you can see Plus500’s spreads are fairly competitive versus its direct competitors, especially highlighting that its fixed spread has always been in a consistent range. Plus500 won’t disappoint as their fixed spreads don’t fluctuate much even during uncertain market conditions. This is an ideal broker for beginner traders. Plus500 is very competitive against other brokers when it comes to trading gold, stocks, and even Bitcoin CFD. If you’re thinking about scalping and placing multiple trades per day (Intense Intraday Trading) then this broker might not suitable for you.
Bаѕеd on thе specific account type you choose, уоu will еithеr bе рriсеd аt a fixеd оr vаriаblе ѕрrеаd. (see Plus500’s Spreads & Fees).
Risk Warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk as your capital is at risk.
Spread vs Trader
- Scalping
- Intraday Trading- <10 Trades
- Intraday Trading- 10+ Trades
- Swing Trading
- Long Term Trading
 Avatrade |
 XTB |
 Plus-500 |
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|---|---|---|---|
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Overall Trust Score
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A+
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A+
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A-
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Years Established
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16+
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20+
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14+
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Regulatory Authority
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ASiC,BVI,CBI,MiFID
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FCA
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Cysec,FCA
|
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Why Choose?
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Excellent For Beginners
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Most Exponential Grown CFD Broker
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Segregated Accounts
|
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Zero Commission Account
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Over 525,000 Customers Trust XTB
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Powerful And User-Friendly Trading App
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Listed - London Stock Exchange
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5-Star Rating On Trust Pilot
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Superior Customer Service
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Trading Platforms
Plus500 is a globally popular online trading platform offering access to financial instruments such as stocks, commodities, currencies, and indices. Plus500 allows traders to enter the market in a few easy steps with a reliable and user-friendly platform. Traders can take advantage of the mobile trading app as well as web-based trading platforms on Plus500 depending upon their preference.
Additionally, Plus500 offers several charting tools with indicators and drawing tools that provide useful insights into potential trades in order to help traders make informed decisions while investing. Trading on the Plus500 platform is incredibly easy and accessible for anyone hoping to explore the market’s many investment products.
Plus500 provides traders with a range of resources and tools to help them make informed decisions. For those curious about how easy it is to trade on Plus500, the answer is that it’s extremely simple – even first-time traders can easily create an account and start trading almost immediately. Plus500 also offers mobile trading apps that allow you to trade anywhere and anytime, as well as web trading which allows traders to go through the entire process quickly and with relative ease.
The platform is easy to use, as customers can conveniently access it through the Plus500 web trader and mobile trading apps on both Android and iOS devices. What’s more, Plus500 has some excellent charting tools that come with various indicators and drawing tools. This allows you to stay on top of market trends in real time so you can be sure to make the right decision at exactly the right time. Plus500 provides clients with detailed account management features, so they can keep track of their investments more easily.
Platforms Offered
- WebTrader
- MetaTrader 4
- MetaTrader 5
- Android App & Tablets
- cTrader
- Apple App & Tablets
Accounts Types
| Standard | |
|---|---|
|
Min. Deposit |
£100 |
|
Trading Instruments |
✓FX ✓Metals ✓Stocks ✓Indices ✓Commodities
|
|
Commission |
Zero
|
|
Base Currency |
USD |
At Plus500 many traders are starting to take full advantage of the trading possibilities available to them. Plus500 is a great option for online trading, offering demos to standard forex accounts and professional traders. With the demo account, traders are able to begin trading with simulated funds. This allows users to gain experience and learn in the live markets without risking any capital. There are also standard forex trading accounts that offer one-click trades and low-margin requirements for all major currencies.
A standard account offers access to international currency pairs with tighter spreads and bigger maximum leverage options. Plus500 also offers an Islamic account, which provides traders of the Islamic faith all the same benefits of their other offerings but without any additional fees or charges associated with rolling over trades overnight. For those who want extra perks and privileges such as higher levels of leverage, tighter spreads, and priority withdrawal, then the Premium Account is worth looking into. All accounts offered by Plus500 are regulated by strict financial authorities, providing customers confidence and reliability when trading.
Account Types Offered
Deposit & Withdrawal
Deposit Methods
| Base Currency | Fees/Commission | Processing Time | |
|---|---|---|---|
|
Credit Cards |
|
|
|
|
Visa |
USD |
zero |
Instant |
|
Mastercard |
USD |
zero
|
Instant |
|
E-Wallets |
|
|
|
|
Skrill |
USD |
zero
|
Instant |
|
Neteller |
USD |
zero |
Instant |
|
Bankwire |
USD |
zero
|
1 - 3 working days |
Withdrawal Methods
| Base Currency | Fees/Commission | Processing Time | |
|---|---|---|---|
|
Credit Cards |
|
|
|
|
Visa |
USD |
$5 |
Within 2 Business Days |
|
Mastercard |
USD |
$5 |
Within 2 Business Days |
|
E-Wallets |
|
|
|
|
Skrill |
USD |
$5 |
Within 2 Business Days
|
|
Neteller |
USD |
$5 |
Within 2 Business Days |
|
Bankwire |
USD |
$5 |
Within 2 Business Days
|
Depositing and withdrawing funds with Plus500 is extremely easy and secure. With no fees included, you can fund your account simply by using one of the many methods available; credit/debit card, bank transfer, Skrill, PayPal and various other payment methods. The account will be funded instantly when depositing funds by credit/debit card or eWallet. Bank transfers may take a little longer to process but will still get there quickly. When it comes to withdrawals, Plus500 ensures that safety protocols are put in place. By authorising withdrawals via an ID security check, they ensure personal data is not compromised when moving money out of an account into another personal account.
To withdraw funds, you can use the same methods such as credit/debit cards, bank transfers, and various eWallets. Withdrawals usually take a day for Credit/Debit cards and up to 4 business days for most bank transfers.
Investing with Plus500 is quite simple and secure. You can deposit funds into your account using a variety of methods such as Visa, MasterCard, Wire Transfer, or PayPal. The security of your client deposits is serious business for Plus500 and they have strict protocols in place to ensure the safety of all client funds. Plus500 also guarantees that any deposits you make into your account are processed quickly so that you can get trading right away. Furthermore, there are no hidden fees associated with depositing money into your plus500 account – what you see is what you get!
The most efficient way to fabricate a deposit is via Wire Transfer through other payment methods such as PayPal may become available to customers over time. Withdrawals back to the same payment method require no additional hassle and are easy to complete in-app. Though individual withdrawal processes vary based on locale and external processing periods, generally speaking withdrawals take a matter of days which makes it safe and convenient for users to release their profits when needed
Deposit Methods
- Visa Debit
- Visa Credit
- MasterCard
- Skrill
- Bank Transfer
- Neteller
- Maestro
- Diners Club
- Switch
- Western Union
Unique Features
Plus500 is a unique online trading platform that offers a range of exclusive features to its users. From advanced charting tools to multiple markets and products, it is the ideal choice for those wanting to make well-informed investing decisions. In addition, Plus500 offers comprehensive educational resources such as webinars, videos and an in-depth trading course platform. Users can tap into these resources to build knowledge and sharpen their skillset when it comes to intuitively trading the markets. And ultimately, help them reach their financial goals more quickly.
Plus500 offers a unique and exclusive online trading platform which makes it the perfect choice for traders of all experience levels. Not only does Plus500 offer trading in CFDs, Forex, Stocks, Commodities, ETFs, and Indices but it also features a variety of advanced features like real-time quotes, free demo accounts, and guaranteed stop-loss orders. Plus500 also offers excellent customer service and 24/7 technical support to ensure that its clients receive the best possible experience. Furthermore, when it comes to education and training Plus500 provides a range of informative resources such as trading guides, video tutorials and monthly webinars.
Customer Support
Plus500 takes customer service seriously. Their customer support team is available 24/7 to answer any queries customers may have. Plus500 offers various methods of communication so that customers can receive a response as quickly as possible. This includes email, live chat and phone support. In terms of customer complaints, the customer service team will investigate the case and respond back to the customer with their solution or suggestion within hours or days depending on the complexity of the complaint. Additionally, plus500 has made sure that guests on their website are accommodated with a variety of languages available for translation in order to ensure everyone is able to access the site and the customer support team respectively. The languages vary from English, Spanish, French, German, Italian and Chinese (simplified & traditional). This ensures all customer inquiries are handled efficiently regardless of the language barrier.
Plus500’s customer service is well-rated and reliable. Plus500 strives to resolve customer complaints in a timely manner and does so by providing an effective and direct support channel. The customer support team is available 24 hours a day, 7 days a week, though their response time may vary depending on the query type. Customers can contact Plus500 through various methods such as email or live chat. Plus500’s website is translated into several languages, including French, Spanish and German, with more being added continually. Additionally, the customer service team is prepared to support customers in over 27 different languages. This allows customers from all around the world to easily and quickly access Plus500’s many products and services.
Conclusion
We at ekzaga feel Plus500 is suitable for traders that are complete novices and new to the world of trading. They have a very easy-to-use and understandable interface, making them suitable for beginners. Their education section is again targeted at beginners. Plus500 is extremely well regulated across the world, so they remain a strong secure broker platform, as well as being listed on the London stock exchange. If you as a trader have some experience in trading we recommend choosing other forex brokers, where the withdrawals are much better and faster.
Does Plus500 accept US Clients? No. Plus500 does not offer its broker services to US clients or residents
Plus500 is not available in the following countries? Belgium, Canada, China, Indonesia, Philippines, Singapore, United States
