Plus500 Review

Founded in 2008, Plus500 is a multi-regulated and leading online trading broker providing a large range of 2,000+ Forex and CFD instruments for trading on an easy to use proprietary trading platforms. They offer commission free trading with tight spreads, a choice of convenient account funding options and highly rated 24/7 customer support.

Pros / Cons
  • Plus500’s subsidiaries are fully authorised & regulated in the jurisdictions in which they operate
  • User-friendly trading platform
  • Commission-free trading
  • Variety of account funding options
  • No deposit & withdrawal fees
  • Large range of 2,000+ trading instruments
  • Excellent customer support 24/7
  • Trading guides
  • Market news & insights
  • Innovative products offered
  • No US clients
  • No fixed spread accounts
  • Inactivity fee

In this detailed Plus500 review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Plus500 Overview

Plus500 is a leading online broker offering trading services to clients across the globe on over 2,000+ instruments in multiple asset classes including CFDs on Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options & ETFs.

Plus500 Features

Plus500 Features

Plus500 was founded in 2008 and is headquartered in Haifa, Israel with subsidiaries in the United Kingdom, Cyprus, Australia, Singapore and Bulgaria. Plus500 Ltd is listed on the London Stock Exchange’s Main Market for Listed Companies, as part of the FTSE 250 Index. They are regulated in multiple jurisdictions by some of the most respected regulatory authorities in the world.

Plus500 History Key Milestones

Plus500 History Key Milestones

Plus500 are one of the largest online brokers and consistently continue to expand their geographic reach with investment in and the development of their marketing machine to efficiently attract new clients. Due to the online technology deployed, they can expand into new regions without needing a physical presence there. In 2018 alone, they had 39+ million positions opened, 304,000+ active clients and 1849+ billion in traded value.

Plus500 incorporate the latest innovative trading technologies to provide clients with free real time quotes, tight spreads, no commission fees, maximum leverage of 1:30 for EU/UK traders, fast and reliable order execution, flexible platforms and 24/7 global customer support. They charge zero fees for deposits, rolling your trades and opening / closing positions.

Plus500 Zero Fee Charges

Plus500 Zero Fee Charges

Plus500 have their very own proprietary trading platform available for desktop, web and mobile. Their simple and intuitive trading platform is amongst the highest rated trading apps on the Apple App Store and Google Play with its user-friendly interface and advanced features enabling users to trade whilst they are on the go from within the palm of their hands.

Plus500 Trading Platform

Plus500 Trading Platform *Illustrative Prices

Plus500 put great emphasis on innovation, being among the first to launch new trading instruments to meet customers desires, engage them and gain their loyalty, evident when they were the first online broker to offer Crypto CFDs and Cannabis Stocks.

Pros / Cons
  • Plus500’s subsidiaries are fully authorised & regulated in the jurisdictions in which they operate
  • User-friendly trading platform
  • Commission-free trading
  • Variety of account funding options
  • No deposit & withdrawal fees
  • Large range of 2,000+ trading instruments
  • Excellent customer support 24/7
  • Trading guides
  • Market news & insights
  • Innovative products offered
  • No US clients
  • No fixed spread accounts
  • Inactivity fee

Plus500 Regulation

Plus500 is a trademark of Plus500 Ltd. Plus500’s subsidiaries are fully authorised and regulated in the jurisdictions in which they operate. You can compare the different features of each and choose which is the most suitable for your needs.

Plus500 Global Offices

Plus500 Global Offices

Plus500 Ltd operates through the following subsidiaries:

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/2018).
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. Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).

Plus500 Regulators

Plus500 Regulators

You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

Due to ESMA restrictions, leverage is limited to 1:30 for UK/EU clients. ESMA restrictions only apply to customers of Plus500UK Ltd and Plus500CY Ltd.

Plus500UK hold client funds in segregated bank accounts according to the Financial Conduct Authority’s client money protection rules. These means that funds cannot be used for any other purpose by the company such as hedging, speculation or running costs.

Clients of Plus500UK Ltd could be eligible for up to £85,000 in compensation from the Financial Services Compensation Scheme (FSCS) if Plus500UK Ltd become insolvent or ceased trading. Clients who had funds held in segregated accounts could have their share of the pool returned minus administrative and handling costs.

One of the benefits of trading with a regulated firm is that you are more likely to be trading with a reliable and reputable broker in a regulated environment, which has stringent rules and regulations to help protect the interests of retail clients.

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Plus500 Countries

Plus500 is available in more than 50 countries and in more than 30 languages. There are some countries where they cannot offer trading services due to strict regulatory requirements, this includes the United States.

Some Plus500 broker features and products mentioned within this Plus500 review may not be available to traders from specific countries due to legal restrictions.

Plus500 Platforms

Plus500 offer their own proprietary trading platform which is available for Apple iOS devices, Android devices, Windows Phone, Windows 10 (as a downloadable app), and as a web version that can run in most popular browsers. Each platform has the same functionality without any limitations. The mobile platform is beneficial for those who need to access their account and trade whilst on the go.

Plus500 Trading Platform Types

Plus500 Trading Platform Types

The Plus500 trading platform is a simple and intuitive platform, which enables clients to trade on over 2,000+ instruments across multiple markets with competitive spreads and no commission charged. It has a clean look and feel to it whilst it is also very user friendly making it suitable for traders of all skill levels.

Plus500 WebTrader

Plus500 WebTrader *Illustrative Prices

You can search for instruments by name and load charts of those that that you wish to view. There are buy and sell buttons for entering positions with prices updated in real time. Order types supported are market orders, limit orders, stop loss, trailing stop and a guaranteed stop facility. Users can set email, SMS and push notifications to receive alerts based on specified market events such as a price movements and sentiment changing. The upper bar of the platform gives an overview of the status of your current portfolio.

Plus500 WebTrader Account Snapshot

Plus500 WebTrader Account Snapshot

The Plus500 platform has a good variety of charting tools. It can display charts in multiple timeframes from tick to weekly and in multiple chart styles from candles to bars and lines. Most of the common technical indictors are available such as Bollinger Bands, moving averages, MACD, RSI, etc. There are drawing tools for marking support and resistance levels, plotting Fibonacci retracements and more. You can save chart templates to conveniently load for using again later.

Plus500 WebTrader Chart Tools

Plus500 WebTrader Chart Tools *Illustrative Prices

There is a built-in economic calendar that displays news events and the expected impact they can have on the markets along with actual, previous and forecasted results. News can be filtered by date and impact. This calendar is very useful as part of a fundamental analysis.

Plus500 WebTrader Economic Calendar

Plus500 WebTrader Economic Calendar *Illustrative Prices

Logging into the platform is secured with two-step authentication. They also offer Google and Facebook authentication which can prove to be more convenient for some users.

Whilst most brokers tend to offer the popular MetaTrader trading platform, the Plus500 platform is very modern and polished, with all of the functions most traders will ever need all from one clean and easy to use interface.

The trading platform is available to clients across the globe in 32 languages including English, Chinese, Russian, Spanish, French, German and more.

Plus500 Trading Tools

Plus500 have a good selection of trading tools built into the platform alongside the commonly used charting tools such as technical indicators and drawing objects. These tools can help with trading efficiency.

Economic Calendar

With data powered by Dow Jones, the economic calendar can be used as part of a fundamental analysis. It keeps you up to date with the latest market news events with a rating on the impact each event can have from low, medium to high. You can see the name of the release, country, related instruments, date and time, level of impact and the actual/previous/forecasted result. The calendar can also be switched to display corporate events which is a useful feature not offered by many other brokers.

Plus500 Economic Calendar Financial Events

Plus500 Economic Calendar Financial Events *Illustrative Prices

Risk Management Tools

There are some simple yet powerful free tools that can be used for risk management.

Plus500 Risk Management Tools

Plus500 Risk Management Tools *Illustrative Prices

Set Price Levels

You can add to your new or existing trades a close at profit (limit) and close at loss (stop loss) order that allows you to specify price levels for closing trades in profit or loss. This price level may not be exact if slippage occurs.

Plus500 Set Price Levels

Plus500 Set Price Levels *Illustrative Prices

Guaranteed Stop

A guaranteed stop order can be placed on your position to specify the limit on your potential loss. This is not affected by slippage and is only available on some instruments. It can only be placed on a new position or pending order. There is a non-refundable additional spread charge for using a guaranteed stop.

Plus500 Guaranteed Stop

Plus500 Guaranteed Stop *Illustrative Prices

Trailing Stop

Trailing stops can be placed to automatically limit a positions loss whilst locking in profits. The position will remain open if price keeps moving away from the trailing stop loss but will close when it turns around and triggers the stop loss. Slippage may cause it to not close exactly at the trailing stop price. Trailing stops are often used as a way to ride a market move whilst trying to maximise the potential of a position. They can also be useful for those who are not able to constantly check a positions status.

Plus500 Trailing Stop

Plus500 Trailing Stop

Real Time Alerts

With Plus500 you can get real time alerts via email, SMS and push notifications. Alerts are freely available on all devices and easy to set. You simply click the alert icon on the trading screen. Alerts can be viewed, edited and removed from accessing the alerts tab.

Plus500 Real Time Alerts

Plus500 Real Time Alerts *Illustrative Prices

Price Alerts

You can set price alerts to get notified when an instrument reaches a specific price. This helps to react to price changes as and when they happen.

Plus500 Price Alerts

Plus500 Price Alerts *Illustrative Prices

Change % (Daily or Hourly)

This gives an instant alert when an instruments price increases or decreases by a set percentage amount over a daily or hourly basis.

Plus500 Change % Alerts

Plus500 Change % Alerts

Traders Sentiment (Buyers % vs. Sellers %)

This will send an automatic alert when the percentage of Plus500 buyers and sellers of a certain instrument reach a specified amount. Sentiment analysis is often used as part of a contrarian trading strategy.

Plus500 Traders Sentiment Alerts

Plus500 Traders Sentiment Alerts

Plus500 Education

Plus500 have some videos and articles to help you expand your trading knowledge. There is also a series of FAQs, explaining the various markets and services that they offer.

Trader Guides

You will find a good selection of trading guides on the Plus500 website. There are ‘how-to’ videos which are useful to learn more about online trading with Plus500’s intuitive platform. They cover a range of different topics such as an introduction to CFD trading, trading strategies and more.

Plus500 Trader's Guide

Plus500 Trader’s Guide

News & Market Insights

There is also a really insightful news and insight section on the Plus500 website. Here you will find some interesting articles that can help keep you informed with some of the latest market news and the impact that it can have on various instruments.

Plus500 Instruments

Plus500 have a huge selection of more than 2,000+ trading instruments in multiple markets including CFDs on Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options & ETFs.

Forex CFD Trading

Forex (foreign exchange) is a global market for trading different countries currencies. It is very important for international trade and investment which requires the use of capital in the form of swapping one currency for a certain amount of another currency.

When trading with Forex CFDs, traders speculate on the price changes between the exchange rate of currency pairs. For example, in the EUR/USD pair the value of one Euro (EUR) is determined in comparison to the US dollar (USD), and in the GBP/JPY pair the value of one British pound sterling (GBP) is quoted against the Japanese yen (JPY).

Plus500 offer leveraged trading on 70+ major, minor and exotic forex currency pairs. These include the EUR/USD, GBP/USD and EUR/GBP.

Plus500 Forex CFD Trading

Plus500 Forex CFD Trading *Illustrative Prices

Index CFD Trading

The majority of indices are based on a basket of company shares and a performance indicator of a countries economy or industry sector. E.g. The Nasdaq 100 represent the top 100 companies on the Nasdaq Stock Exchange. When you take a position on an index, you are speculating on if the cumulative share prices of those companies will rise or fall.

Plus500 offer leveraged trading on the most popular global indices including USA 500, US-TECH 100, UK 100, Europe 50 and France 40.

Plus500 Index CFD Trading

Plus500 Index CFD Trading *Illustrative Prices

Cryptocurrency CFD Trading

Cryptocurrencies are decentralised virtual currencies based on complex mathematical algorithms. With Plus500’s trading platform you can trade Cryptos as contract for differences (CFDs) by speculating on their price movements, without actually owning them.

Plus500 were the first online broker to offer Bitcoin CFD trading and have since expanded their offering to over 10 Cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple XRP. Cryptos are available to trade 24/7 with up to 1:2 leverage.

Plus500 Cryptocurrency CFD Trading

Plus500 Cryptocurrency CFD Trading *Illustrative Prices

Commodity CFD Trading

Plus500 offer a range of popular commodities as CFDs to buy or sell without needing to own the underlying asset. This includes gold, oil and silver. The world’s major exchanges for trading commodities are mainly located in the United States:

  • Chicago Board of Trade (CBOT) – a commodity futures exchange based in Chicago and operated by CME.
  • Intercontinental Exchange (ICE) – an exchange based in Atlanta, focused on energy commodities.
  • New York Mercantile Exchange (NYMEX) – an exchange located in New York City and operated by CME.
Plus500 Commodities CFD Trading

Plus500 Commodities CFD Trading *Illustrative Prices

Stocks CFD Trading

Plus500 offers CFD shares trading with leverage and competitive spreads, from all of the popular markets such as USA, UK, Germany and more.

CFD trading on shares is a form of trading that allows traders to speculate on the prices of publicly-listed companies from exchanges including the New York Stock Exchange, London Stock Exchange, NASDAQ and Tokyo Stock Exchange without needing to own each underlying stock.

Plus500 Stocks CFD Trading

Plus500 Stocks CFD Trading *Illustrative Prices

Options CFD Trading

Plus500 offer flexible call and put options trading with leverage on Germany 30, Oil and Facebook.

When trading options, traders speculate on the future price (strike price) of an underlying instrument such as a stock, index or commodity. If you enter a position on a call or put option, you are entering a contract on the price you believe the underlying instrument will reach (or surpass) at the expiry date.

Plus500 Options CFD Trading

Plus500 Options CFD Trading *Illustrative Prices

ETFs CFD Trading

Plus500 offer leveraged trading on the most popular Exchange Traded Funds (ETFs) like VXX Volatility and SPDRUSA500.

ETF CFDs traders can diversify and trade an entire market as though it were a single stock or commodity.

Plus500 ETFs CFD Trading

Plus500 ETFs CFD Trading *Illustrative Prices

Plus500 Accounts & Fees

Plus500 offers a demo trading account and standard or professional real trading accounts.

Standard Account

There is only one standard account type for all clients compared to other brokers who offer different flexible account types to suit various different needs of traders. The standard account requires a $100 minimum deposit and gives clients access to all platforms, tools and trading instruments. There is a $10 monthly inactivity fee if you do not login to your trading account for 3 months.

Demo Account

The demo account is quick to get started with and enables you to test the Plus500 trading platforms and features before opening a real account. This can be a great way to practice your trading strategies risk free and make sure the broker has products and services that meet your individual needs.

Plus500 Professional Account

There is the Plus500 professional account which eligible clients can apply for. To qualify you must have had sufficient trading activity in the past 12 months, a financial portfolio of over half a million and relevant financial sector experience.

As broker fees can vary and change, there may be additional fees that are not listed in this Plus500 review. It is imperative to ensure that you check and understand all of the latest information before you open a Plus500 broker account for online trading.

Plus500 Support

Plus500 offer 24/7 customer service via online chat and email. Their customer service is rated excellent with 91% of customers happy with the service as verified by live chat. This is above the global benchmark of 86% with hundreds of thousands of ratings and a typical response time of just 34 seconds.

Plus500 Excellent Customer Service Quality

Plus500 Excellent Customer Service Quality

Plus500 Deposit & Withdrawal

Plus500 have a selection of quick and easy funding methods including credit cards, bank transfer, PayPal or Skrill. The method you choose may depend on how long it takes to process. They cover most payment processing fees although third party charges such as bank fees are not covered.

Bank transfers may take a few business days to clear whilst some methods such as card payments and online payment processors can be instant. Please note that some methods may only be available to specific countries.

Accounts can be opened in GBP, EUR, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Plus500 Account Opening

Applying for a Plus500 account only takes a few minutes. There is a short online form to complete that will give you instant access to the Plus500 trading platform and your account. From within your account you can upload documentation for KYC procedures. This can be a passport scan for identification and utility bill as proof of address. Once verified, you can choose from any of the convenient funding methods to fund your account and commence trading.

Plus500 Account Registration

Plus500 Account Registration

Plus500 FAQ

What is the Plus500 minimum deposit?

The Plus500 minimum deposit starts from just $100 and varies depending on the deposit method that you choose. If you are depositing via credit/debit cards or e-Wallets, the minimum deposit is $100, whereas it is $300 for bank wire transfers.

In order to start trading online with Plus500, you will need to at least transfer the minimum deposit amount into your trading account. They have a relatively low deposit requirement compared to some brokers who require a deposit of $500 or even more in some cases.

How do I deposit money into Plus500?

In order to make a deposit and begin trading with Plus500, you can login to your account and click on “Funds Management” then “Deposit” and select your preferred deposit method from the available options. You can then fill in the fields and click the “Submit” button (on mobile devices, you can access the “Funds Management” screen from the menu button).

You can choose between a variety of convenient funding options including:

  • Debit/credit cards – only Visa or MasterCard debit/credit cards are acceptable (there may be further limitations depending on your region).
  • Electronic wallets (PayPal or Skrill).
  • Bank transfer (direct bank to bank funds transfer).

Each deposit method has its own minimum deposit level, and further information may be found in the deposit screen on the trading platform. The deposit limitations on your account vary depending upon the country in which you are residing. You can find the maximum deposit amount per transaction outlined on the deposit page for each of the available payment methods.

You can deposit via a joint bank account although you may be required to provide supporting documentation to confirm that you are one of the named parties on the account. You cannot use a third-party or corporate credit/debit card/account as all funds must originate from a payment method registered in your own name.

As a bank transfer is a direct bank to bank transfer of funds, this type of deposit cannot be generated through the Plus500 trading platform. In order to obtain details of the relevant bank account to which funds should be sent, you can click on “Funds Management” then choose the “Deposit” tab and select “Bank Transfer” then click on “Email me the details” and an email will be sent to you with the relevant details.

All sensitive information submitted by Plus500 customers, such as credit/debit card numbers, passwords, etc. is automatically transferred by SSL to a secure environment.

What are the Plus500 deposit fees?

As part of a commitment to offering the best trading conditions available, Plus500 do not charge a deposit fee. This is beneficial as it means that the broker will cover most payment processing fees and will not deduct anything from your deposits.

Therefore, you will only have to calculate the costs charged by your bank for international credit/debit card transactions or incoming/outgoing bank transfers. Keep in mind that there may also be charges by the third-party provider that you make the deposit with and transactions using a currency that is not supported will incur a conversion fee.

How do I withdraw money from Plus500?

In order to make a withdrawal you can login to your Plus500 account and click on “Funds Management” then “Withdrawal”. From there, you can select your preferred withdrawal method and fill in the fields then click on the “Submit” button (on mobile devices, you can access the “Funds Management” screen from the menu button).

You can make a withdrawal from Plus500 using the same methods as you can to deposit, including:

  • Electronic wallets – PayPal or Skrill. Funds should be received in your e-wallet account in 3-7 business days after withdrawal has been authorised.
  • Bank transfer – direct bank to bank funds transfer. Funds should be received in your bank account within 5-7 business days from the authorisation 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.
  • Credit/debit cards – funds should be received in the respective credit/debit cards and/or bank account associated with the relevant card according to each bank’s processing time.

The time frame for processing a withdrawal request is normally 1-3 business days, in order to allow the broker to complete various security checks before initiating the payment. The time frame for receipt of the payment, is dependent upon the payment method and processing time of the third-party remitter.

All withdrawal methods have minimum amount thresholds, which can be found on the withdrawal screen on the trading platform. Processing a withdrawal request for less than the minimum withdrawal amount may result in charges to your account.

The brokers policy is to, wherever possible, make withdrawal payments to the same source that was used to make the deposit on your account. For example, if you make deposits using a Visa card, they will always first attempt to process any withdrawal thereafter to the same Visa card account. Once the withdrawal has been authorised, the funds should be credited to your Visa card account by its next monthly charge/ billing date.

Should you send funds to Plus500 from a credit/debit card, they will always attempt to refund the card in the first instance irrespective of the withdrawal method that you chose when requesting the refund. Your chosen method acts as a backup in the event that they are unable to make the refund to the depositing card.

What are the Plus500 withdrawal fees?

Plus500 do not charge a withdrawal fee. As with making deposits, you may incur a transaction fee from your bank or third-party processor.

What is the Plus500 commission fee?

Plus500 is mainly compensated for its services through the “market spread”. For example, when trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which means a market spread of 0.6 pips, in this example). Unlike many other brokerages who also charge commissions on each trade, Plus500 does not charge dealing commissions.

There is an overnight funding fee which is an amount that is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).

The overnight funding time and the daily overnight funding percentage can be found in the “Details” link next to the instrument’s name on the main screen of the platform.

As with most brokers, Plus500 charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account.

The Currency Conversion Fee will currently be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net profit and loss of an open position.

Are there any Plus500 inactivity fees?

Plus500 charge an inactivity fee of up to $10 per month (or equivalent depending on your currency), should you not log in to your trading account for a period of at least three months. This fee will be charged once a month from that moment onwards, as long as no login is made to the account. The inactivity fee will be equal to the lesser of the remaining available balance in your account or $10.

The inactivity fee is to offset the cost incurred in making the service available, even though it has not been used. However, it is worth noting that the fee is only collected from the real money trading accounts and only when there are sufficient funds available in the account.

In order to avoid the Plus500 inactivity fee, you can simply log into your trading account from time to time, as this is deemed sufficient activity to prevent a fee from being charged.

What are the Plus500 account types?

Plus500 account types are kept as simple as possible! You can choose between the standard account or professional account if you qualify.

The standard account requires a minimum $100 deposit and gives you access to all of the Plus500 platforms, tools and trading instruments. You can trade more than 70 currency pairs as well as indices, commodities, shares, options, ETFs, and 8 of the most popular cryptos (availability subject to regulation) through Plus500 cryptocurrency trading. Leverage goes up to 1:30.

The professional account has all of the same features as the standard account with some additional options, such as increased leverage. To qualify for the professional account, you must fulfil 2 of the following 3 criteria:

  • High volume of trading activity within the last 12 months.
  • €500,000 or more to invest.
  • Experience within the financial services field.

Is there a Plus500 demo account?

Yes, there is a free Plus500 demo account which you can use to practice trading online without risking real money. This is a great way to get used to the provided trading platforms whilst improving your trading skills and knowledge.

You can choose to open a Demo account during your registration process by clicking on “Demo Mode” in the “Select Account Mode” window. You can also switch back from Real Money mode to Demo mode by clicking on “Switch to Demo Mode” in the main platform screen or from the app’s menu.

There is no demo account limit. Plus500 allows you to use the Demo account for as long as you need to get familiar with the platform and plan your trading strategy.

Once the balance of your demo account drops to $200 (or equivalent amount) or below, the initial demo amount will be automatically reinstated by the system.

It is important to keep in mind that a demo trading environment can differ from trading on a live account as it cannot take into consideration the emotions involved when trading with real money such as fear, greed and anger.

What are the Plus500 spreads?

The “Spread” is defined as the difference between the “Buy” price and the “Sell” price on an instrument at a particular time. You pay the spread to the broker for each trade that you place.

Plus500 quotes prices with reference to the price of the relevant underlying financial instrument and its spread. The prices are obtained from a range of independent third-party market data providers who source their price feeds from relevant exchanges. An adjustment (i.e. the spread) is then applied automatically, to arrive at the Plus500 price. This spread is paid by you, but is incorporated into the quoted rates and is not an additional charge or fee payable by you above those quoted rates.

Plus500 offers two spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the market spread during the period a position is open vs. a Spread which does not typically change in line with general market fluctuations while a position is open, but when the market is volatile and illiquid, may change to a new level so that the underlying market conditions are better reflected.

Plus500 always aim to provide the tightest possible spreads to clients at all times. We found the Plus500 spreads to be very reasonable, especially considering they do not charge a commission fee on top (it is included within the spread). You should always check the applicable spread type and make sure you are aware of an instrument’s properties before you start trading.

What is the Plus500 leverage?

The Plus500 leverage depends on the assets you are trading and is restricted to a maximum leverage of 1:30 within the EU as a consequence of ESMA regulations and within Australia because of the ASIC regulation. Traders who qualify as professional clients can request increased leverage.

Leverage is a concept that enables you to multiply your exposure to a financial instrument, without committing the whole amount of capital necessary to own the physical instrument. When trading using leverage, you only need to put down a fraction of the total value of your position. Profits and losses are based on the total size of the position, so the end result of a trade can be much larger than the initial outlay, in terms of profits or losses. CFDs are a form of leveraged trading.

The amount needed to open and maintain a leveraged trade is called “the margin”. Trading using leverage is sometimes called “margin trading”. In general, when trading with leverage, a small change in the price of the CFD is amplified into a bigger change, resulting in increased returns/losses.

Leverage of “20%” (or 1:20) means that if the price of the underlying asset changes by 2%, it is as if the price of the CFD changed by 20%. For example: a $200 balance leveraged by 1:20 increases to $2000. This allows you to trade a position size of up to $1000 worth of instruments.

Whilst this example shows that trading with leverage can increase the potential profit, it also significantly increases the risk. Therefore, it is of the upmost importance that you have a clear understanding of leverage before trading with leveraged positions.

What are the Plus500 margin & stop-out levels?

The maintenance margin level is the amount of equity a trader needs to maintain in order to keep a position open. Should your equity fall below the maintenance margin amount, Plus500 will make a Margin Call and close any/all open positions.

It is your responsibility to monitor your open position(s) at all times and ensure that you have sufficient funds on your account or take a decision to close any or all of your open position(s).

To view the maintenance margin requirement for a specific instrument, go to the main screen of the Plus500 trading platform, select the financial instrument and click on the “Details” link next to it.

Do Plus500 allow hedging, scalping & expert advisors?

Any trading method which is prohibited under the Plus500 terms such as scalping, automated data entry system and hedging, or which falls under the definition of market abuse such as insider trading, as well as any prohibited activity such as an abuse of the bonus system, is not allowed on the Plus500 trading platform.

Is there a Plus500 Islamic account?

Yes, Plus500 do offer Islamic accounts for citizens of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. These are swap-free accounts that comply with Sharia law and make them a Muslim friendly broker.

What are the Plus500 trading instruments?

Plus500 have a very large range of trading instruments, offering CFDs on over 2,000 financial instruments, including Shares, Forex, Indices, Cryptocurrencies, Commodities, ETFs and Options.

How do I open a Plus500 live account?

It is quick and easy to open a Plus500 account. You simply click the “start trading” button on the brokers website and complete a short application. The broker will email your login details and you will be able to access the Plus500 platform to start trading online.

How do I verify my Plus500 account?

Plus500 clients are required to verify their accounts for identification and security purposes in accordance with the customer due diligence process, for example the verification of your name, date of birth, residential address, phone number, email address and payment method, etc.

The documents that you can use for identity verification may include the following:

  • A government-issued identification document (ID).
  • A residential verification document, displaying your full name and address. The residential verification document should be issued by a financial institution, utility company, government agency or a judicial authority.

You can verify your account by uploading documents for the broker to review. In order to upload your documents, you can go to the main trading screen and click “Menu” then “Account” then “Upload Documents” / “Verify Account”. For your convenience, you can also use the Plus500 mobile apps to upload your documents.

What is the Plus500 trading platform?

The Plus500 Trading Platform is an easy to use platform, which allows customers to trade on a large variety of instruments. Plus500 is a leading provider of Contracts for Difference (CFDs), delivering trading facilities on Shares, Forex, Commodities, ETFs, Options and Indices, alongside innovative trading technology.

Where can I download the Plus500 platform?

You can download the Plus500 platform directly from the brokers website or from the relevant app store on your mobile device. There is also the Plus500 web platform that runs directly in most modern web browsers without you needing to download or install any additional software.

Where is Plus500 located?

Plus500 is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore, and Bulgaria.

Is Plus500 regulated?

Yes, Plus500’s subsidiaries are fully authorised & regulated in the jurisdictions in which they operate. Plus500 is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), Financial Markets Authority (FMA), Seychelles Financial Services Authority (FSA) and the Israel Securities Authority (ISA).

This is one of the most impressive regulations that we have seen from any online broker and emphasises the fact that as a regulated firm, the broker must stick to a strict set of rules and regulations that are put in place to protect investors all over the globe. It can give great peace of mind knowing that you are trading on a reliable and reputable platform in a regulated environment.

What countries do Plus500 accept?

Plus500 trading platform is available in more than 50 countries via a number of authorised and regulated entities around the world. Countries they cannot accept clients from include Canada, Cuba, Iran, North Korea, Sudan, Syria, USA.

Is Plus500 a scam?

No, Plus500 is not a scam. They are regulated in multiple jurisdictions and are one of the most well-known and respected brokerages who have been operating since 2008.

How can I contact Plus500 support?

Plus500 support is available 24/7 via live chat on the brokers website, telephone and email. We found them to be extremely prompt and efficient with responses to a variety of different questions. Most brokers only operate during weekdays, so it is good to see Plus500 offer support during weekends.

Plus500 Summary

Plus500 is a regulated and established online trading broker offering a huge range of trading instruments across different markets. They have a clean and user-friendly trading platform that can be used on desktop, web and mobile.  The practice account is very useful to familiarise yourself with their offering whilst support is on hand to help with all general and technical questions. Spreads offered are competitive and no commission fees are charged. Funding methods are flexible and they have one trading account to fit all.

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 of losing your money.

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Min $100 Deposit

Founded in 2008, Plus500 is a regulated & leading online trading broker providing a large range of 2,000+ Forex & CFD instruments for trading on their simple & clean proprietary trading platforms.