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 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 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, leverage of up to 1:300 (not available for EU retail clients due to ESMA leverage is capped at 1:30), 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 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 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
- Strict regulation
- Financial Services Compensation Scheme (FSCS)
- Large range of 2,000+ trading instruments
- User-friendly platform
- Customer support rated excellent
- Innovative products offered
- No US clients
- No fixed spread accounts
- Limited educational material
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 Ltd operates through the following subsidiaries:
Plus500UK Ltd authorised & regulated by the FCA (#509909).
Plus500CY Ltd authorized & 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. 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 European clients who do not qualify as professional traders. 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.
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.
Plus500 Trading 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.
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.
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.
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.
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.
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.
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.
Risk Management Tools
There are some simple yet powerful free tools that can be used for risk management.
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.
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.
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.
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.
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.
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.
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 do not have a dedicated educational area but instead have a series of FAQs scattered throughout their website, explaining the various markets and services that they offer.
Plus500 Trading 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.
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.
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.
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.
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.
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.
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 Trading Accounts & Fees
Plus500 offers demo and live trading accounts. 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 fee if you do not login to your trading account for 3 months.
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.
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. The professional account can give increased leverage for EU clients who fall under ESMA regulations.
Plus500 Customer Service
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 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 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. There are some unique trading tools but a lack of educational material. 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.