Plus500 Review

Edited by: Louis Schoeman

Plus500 Review

 

Overall, Plus500 is regarded as a low-risk broker, boasting an impressive Trust Score of 99 out of 100. It is licensed by four Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), has no Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Plus500 offers a single live trading account and recently expanded its services by launching futures trading in the USA.

 

🛡️Regulated and trusted by top-tier authorities such as the FCA, ASIC, and, CySEC
🛡️2508 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

 

🔎 Broker🥇 Plus500
📌 Year Founded2008
👤 Amount of staff1,000+
👥 Amount of active tradersOver 400,000 active
traders (as of the
latest reports)
📍 Publicly TradedYes, listed on the
London Stock
Exchange (LSE: PLUS)
🛡️ Regulation and SecurityVery High
⭐ RegulationFCA
CySEC
ASIC
MAS
FSA
EFSA
DFSA
CFTC
🌎 Country of regulationUK
Australia
Cyprus
New Zealand
1️⃣ Suited to Professionals✅Yes
2️⃣ Suited to Active Traders✅Yes
3️⃣ Suited to Beginners✅Yes
🥰 Most notable BenefitWide range of
tradable instruments
(CFDs on forex, stocks,
commodities, indices,
etc.), user-friendly
platform
🥺 Most Notable DisadvantageLimited educational
resources for
beginners, lack of
fundamental analysis
tools
🔃 Account SegregationClient funds are
kept in segregated
accounts
🪫 Negative balance protection✅Yes
🔋 Investor Protection SchemesClient funds are
protected under the
Financial Services
Compensation
Scheme (FSCS) in the
UK, and other local
protection schemes
⚙️ Account Types and FeaturesReal Account
Demo Account
💴 Minor account currenciesUSD, EUR, GBP, and
other major currencies
available for trading;
minor currencies not
as widespread
💶 Minimum Deposit$100 (or equivalent in
other currencies)
⏰ Average deposit processing timeInstant (depending on
payment method)
⏲️ Average withdrawal processing time1-3 business days
💵 Fund Withdrawal FeeNo withdrawal fees
for most methods
💳 CommissionsNo commissions
🪙 Number of base currencies7 (USD, EUR, GBP,
AUD, JPY, CHF, and
CAD)
💰 Swap FeesApplicable swap
fees/overnight
financing
↪️ LeverageUp to 1:30 for retail
clients (varies by
region)
➡️ Margin requirementsVaries by asset class
typically between 2%
to 5%
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
⌚ Order Execution Time1-2 seconds
📈 Total CFDs OfferedOver 2,000+
📉 CFD Stock Indices✅Yes
🌽 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💹 Deposit OptionsCredit/debit cards
bank transfer
PayPal
Skrill
Neteller
e-wallets
💱 Withdrawal OptionsCredit/debit cards
bank transfer
PayPal
Skrill
Neteller
e-wallets
🖥️ Trading PlatformsPlus500 WebTrader, Plus500 Mobile App
+INSIGHTS
💻 OS CompatibilityWebTrader (browser
based), iOS, Android
🖱️ Forex trading toolsBasic charting tools,
risk management
tools (stop-loss, take
profit), no advanced
trading tools like
MetaTrader4/5
🩷 Customer SupportResponsive
🐦 Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
🗯️ Languages supportedEnglish, Spanish,
German, French,
Italian, Portuguese,
Dutch, Chinese, and
other languages
🎓 Forex courseNo comprehensive
course; limited
resources
✏️ WebinarsLimited availability
📔 Educational ResourcesBasic tutorials
and guides
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersHundreds of affiliate
partners globally
🤝 IB Program✅Yes
🎉 SponsorLegia Warsaw
Chicago Bulls
BSC Young Boys
🚀Open an Account👉 Click Here (82% of retail CFD accounts lose money.)

 

Overview

Plus500™ is a global fintech trading platform that offers an advanced yet user-friendly experience for traders of various levels. With a premium listing on the London Stock Exchange and over 26 million customers worldwide, it provides access to a diverse range of trading instruments, including Contracts for Difference (CFDs), share dealing, and futures. Headquartered in Sydney, Australia, Plus500AU Pty Ltd operates under licenses from key regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand.

In addition to its cutting-edge technology and financial instruments, it enjoys high customer satisfaction ratings, especially on mobile platforms. The company’s mission is to offer intuitive and reliable trading experiences while continuing to expand its product offerings and global market presence.

 

Frequently Asked Questions

 

What types of trading products does Plus500 offer?

Plus500 offers CFDs, share dealing, and futures trading across a variety of global financial markets.

 

Is Plus500 available in my country?

Yes, the broker operates in numerous countries including Australia, New Zealand, South Africa, and the UK, among others.

 

Can I trade using mobile apps?

Yes, Plus500 offers highly-rated trading apps for both iOS and Android, available on the Apple App Store and Google Play.

 

How can I start trading with Plus500?

Simply open an account, deposit funds, and start trading. It also offers a free demo account for beginners.

 

Our Insights

Plus500 is a reliable and secure platform for both novice and experienced traders. With its advanced technology, user-friendly mobile apps, and diverse trading options, it is an excellent choice for anyone looking to access global financial markets.

 

Overview

 

Detailed Summary

 

🔎 Broker🥇 Plus500
📌 Year Founded2008
👤 Amount of staff1,000+
👥 Amount of active tradersOver 400,000 active
traders (as of the
latest reports)
📍 Publicly TradedYes, listed on the
London Stock
Exchange (LSE: PLUS)
🛡️ Regulation and SecurityVery High
⭐ RegulationFCA
CySEC
ASIC
MAS
FSA
EFSA
DFSA
CFTC
🌎 Country of regulationUK
Australia
Cyprus
New Zealand
1️⃣ Suited to Professionals✅Yes
2️⃣ Suited to Active Traders✅Yes
3️⃣ Suited to Beginners✅Yes
🥰 Most notable BenefitWide range of
tradable instruments
(CFDs on forex, stocks,
commodities, indices,
etc.), user-friendly
platform
🥺 Most Notable DisadvantageLimited educational
resources for
beginners, lack of
fundamental analysis
tools
🔃 Account SegregationClient funds are
kept in segregated
accounts
🪫 Negative balance protection✅Yes
🔋 Investor Protection SchemesClient funds are
protected under the
Financial Services
Compensation
Scheme (FSCS) in the
UK, and other local
protection schemes
⚙️ Account Types and FeaturesReal Account
Demo Account
💴 Minor account currenciesUSD, EUR, GBP, and
other major currencies
available for trading;
minor currencies not
as widespread
💶 Minimum Deposit$100 (or equivalent in
other currencies)
⏰ Average deposit processing timeInstant (depending on
payment method)
⏲️ Average withdrawal processing time1-3 business days
💵 Fund Withdrawal FeeNo withdrawal fees
for most methods
💳 CommissionsNo commissions
🪙 Number of base currencies7 (USD, EUR, GBP,
AUD, JPY, CHF, and
CAD)
💰 Swap FeesApplicable swap
fees/overnight
financing
↪️ LeverageUp to 1:30 for retail
clients (varies by
region)
➡️ Margin requirementsVaries by asset class
typically between 2%
to 5%
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
⌚ Order Execution Time1-2 seconds
📈 Total CFDs OfferedOver 2,000+
📉 CFD Stock Indices✅Yes
🌽 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💹 Deposit OptionsCredit/debit cards
bank transfer
PayPal
Skrill
Neteller
e-wallets
💱 Withdrawal OptionsCredit/debit cards
bank transfer
PayPal
Skrill
Neteller
e-wallets
🖥️ Trading PlatformsPlus500 WebTrader, Plus500 Mobile App
+INSIGHTS
💻 OS CompatibilityWebTrader (browser
based), iOS, Android
🖱️ Forex trading toolsBasic charting tools,
risk management
tools (stop-loss, take
profit), no advanced
trading tools like
MetaTrader4/5
🩷 Customer SupportResponsive
🐦 Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
🗯️ Languages supportedEnglish, Spanish,
German, French,
Italian, Portuguese,
Dutch, Chinese, and
other languages
🎓 Forex courseNo comprehensive
course; limited
resources
✏️ WebinarsLimited availability
📔 Educational ResourcesBasic tutorials
and guides
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersHundreds of affiliate
partners globally
🤝 IB Program✅Yes
🎉 SponsorLegia Warsaw
Chicago Bulls
BSC Young Boys
🚀Open an Account👉 Click Here (82% of retail CFD accounts lose money.)

 

Frequently Asked Questions

 

Is Plus500 regulated?

Yes, it is licensed by ASIC, FMA, and other global regulatory bodies, ensuring its operations are fully compliant with financial regulations.

 

How secure is my money with Plus500?

Plus500 holds client funds in segregated trust accounts, by relevant regulatory standards, offering strong protection for your investments.

 

What platforms can I use to trade on Plus500?

Plus500 offers a web-based platform and mobile apps for both iOS and Android, allowing access to your account anytime, anywhere.

 

How does Plus500 ensure a user-friendly experience?

The platform’s intuitive interface, advanced tools, and educational resources are designed to provide both beginners and experienced traders with an efficient trading experience.

 

Our Insights

Plus500’s highly-rated technology, regulatory compliance, and diverse trading instruments make it a leading choice in the online trading industry. With millions of users and a strong commitment to innovation, it is an excellent platform for traders who value simplicity, security, and global market access.

 

Detailed Summary

 

Safety and Security

When it comes to safety and security, Plus500™ prioritizes the protection of its users’ funds and personal data. The platform operates under strict regulatory oversight, with client funds held in segregated trust accounts to ensure transparency and security. Plus500AU Pty Ltd is regulated by ASIC in Australia, which mandates that the company comply with rigorous financial practices, offering customers peace of mind.

The platform also adheres to the highest security standards in terms of data protection. It ensures that all communications are conducted securely, with clients advised to only trust emails and communications originating from its official domains. As part of its commitment to safety, it also provides a clear complaints process and a dedicated customer service team available 24/7 for any support needed.

What sets the Broker apart is not only its technological expertise but also its proactive approach to user security, helping to protect traders from fraud and ensuring their personal and financial data remains confidential.

 

Frequently Asked Questions

 

How does Plus500 protect my funds?

The Broker holds client funds in segregated trust accounts, in line with regulatory standards, offering security and transparency.

 

Is Plus500 secure for trading?

Yes, Plus500 operates under strict regulatory oversight from bodies like ASIC and ensures secure trading by utilizing advanced encryption and data protection techniques.

 

What steps should I take to avoid fraudulent communications?

Always ensure that you are using Plus500’s official website and communication channels. Only trust emails from the official “plus500.com” domain.

 

What happens if I have a complaint?

Plus500 has a well-defined complaints process. For any issues, you can fill out a request form on the “Contact Us” page to receive support.

 

Our Insights

Plus500’s commitment to safety and security makes it a trusted platform for traders. With strong regulatory oversight, segregated client accounts, and robust data protection measures, users can trade with confidence knowing their investments are in safe hands.

 

Safety and Security

 

Minimum Deposit and Account Types

Plus500 provides an easy and affordable way for traders to enter the market, with a relatively low minimum deposit requirement of just $100 (or its equivalent in other currencies). This makes it an appealing option for beginners and those wishing to explore trading with a modest initial investment.

Plus500 offers two primary account types: the Real Account, for live trading with real funds, and the Demo Account, which allows traders to practice and get acquainted with the platform using virtual funds. This flexibility is perfect for both novice traders learning the basics and seasoned traders looking to test strategies before committing real money.

 

Frequently Asked Questions

 

What is the minimum deposit required to open an account with Plus500?

The minimum deposit to open a live trading account with Plus500 is $100 or its equivalent in other currencies.

 

Does Plus500 offer a Demo Account?

Yes, Plus500 provides a Demo Account for traders to practice and familiarize themselves with the platform without any financial risk.

 

What account types are available with Plus500?

Plus500 offers two account types: the Real Account for live trading and the Demo Account for virtual practice trading.

 

Is there a minimum deposit for the Demo Account?

No, the Demo Account does not require a minimum deposit since it operates with virtual funds.

 

Our Insights

The $100 minimum deposit at Plus500 is an attractive feature for new traders and those looking to trade with smaller amounts of capital. The availability of a Demo Account further increases accessibility, providing beginners with the opportunity to practice and learn without risking real money.

 

Minimum Deposit and Account Types

 

How to Open a Plus500 Account

 

1. Step 1: Begin the Account Registration

To initiate the account registration, simply click on the blue “Start Trading” button located at the top right corner of the Plus500 homepage.

 

2. Step 2: Complete the Registration

You will need to provide your email address and create a secure password to sign up. Alternatively, you can choose to register using your Google, Facebook, or Apple account for added convenience.

 

How to Open a Plus500 Account

 

Trading Platforms and Tools

Plus500 offers a comprehensive and user-friendly trading platform, providing access to a wide range of financial instruments, including CFDs on global markets. Traders can take advantage of fast and reliable order execution, no commissions, and tight spreads. With advanced analytical tools, real-time quotes, and leverage of up to 1:30, Plus500 makes it easier for traders to engage in leveraged trading.

The platform also includes a demo account to help users practice their strategies risk-free. Plus500’s +Insights tool allows traders to analyze market trends and gain insights into the strategies of other traders.

 

Frequently Asked Questions

 

What types of markets can I trade on Plus500?

Plus500 offers CFDs on a wide range of markets, including indices, cryptocurrencies, stocks, and commodities, giving you access to thousands of financial instruments.

 

What are the benefits of using Plus500’s trading platform?

Plus500’s platform offers fast and reliable order execution, no commissions, tight spreads, advanced analytical tools, and leverage up to 1:30, helping traders make the most of their trading experience.

 

Can I practice trading on Plus500 before using real money?

Yes, Plus500 provides a free demo account where traders can practice strategies and familiarize themselves with the platform using virtual funds.

 

What is the +Insights tool on Plus500?

The +Insights tool gives users access to exclusive trading data, allowing them to analyze trends and see what other Plus500 traders are doing, helping to inform their own trading strategy.

 

Our Insights

Plus500 offers a robust and accessible trading platform with a wide variety of tools and features designed to enhance the trading experience. From advanced analytics to a risk-free demo account, the platform supports both beginners and experienced traders. With its competitive spreads, no commissions, and leverage options, Plus500 is a strong choice for anyone looking to engage in CFD trading across global markets.

 

Trading Platforms and Tools

 

Fees, Spreads, and, Commissions

Plus500 offers a competitive and transparent fee structure, designed to ensure that traders know exactly what to expect. Most of the platform’s services are free of charge, including deposits, live share CFD prices, real-time forex quotes, and dynamic charts. Plus500 primarily makes its revenue through the Buy/Sell spread, which is the difference between the price you can buy an instrument for (Ask) and the price you can sell it for (Bid). This spread is incorporated into the quoted rates, so you don’t pay extra beyond the listed price.

There are a few additional fees that may apply depending on your trading activity. For example, overnight funding charges may apply if you hold positions overnight, and a currency conversion fee may be levied if your trade is in a different currency than your account. Plus500 also charges an inactivity fee after three months of account inactivity. However, the platform does not charge fees for deposits or withdrawals, making it a cost-effective choice for traders.

 

Frequently Asked Questions

 

Are there any hidden fees on Plus500?

No, Plus500 does not have any hidden fees. The main fee comes from the Buy/Sell spread, which is included in the quoted rates, and any additional fees are clearly outlined based on your trading activities.

 

Does Plus500 cover payment processing fees?

Yes, Plus500 covers most payment processing fees for deposits and withdrawals. However, on rare occasions, fees may be charged by your payment issuer or bank, especially for international transfers or currency conversions.

 

Does Plus500 charge trading fees?

Plus500 does not charge separate trading fees. The only cost to you is the Buy/Sell spread, which is incorporated into the instrument’s quoted price when you open a position.

 

What is the overnight funding fee?

Plus500 may charge or credit an overnight funding fee to your account when you hold a position overnight. This amount will either be added or subtracted from your balance, depending on your position and the market conditions.

 

Our Insights

Plus500 offers a straightforward and transparent fee structure that makes trading accessible without unexpected costs. The Buy/Sell spread is the primary way Plus500 compensates for its services, and additional fees, such as overnight funding and currency conversion, are clearly explained.

The platform also stands out by waiving deposit and withdrawal fees, ensuring that your trading experience remains cost-effective. With these user-friendly conditions, Plus500 is a solid choice for both new and experienced traders.

 

Fees, Spreads, and, Commissions

 

Deposit and Withdrawal

Plus500 provides a range of deposit and withdrawal options to accommodate traders worldwide. Available methods include Visa and MasterCard cards (with some regional restrictions), electronic wallets such as PayPal and Skrill, and bank transfers for direct payments between accounts.

To make a deposit, simply go to the Funds section, select Deposit, choose your preferred method, and complete the necessary fields. For withdrawals, the process is similar: select Funds, then Withdrawal, choose your preferred withdrawal option and submit the required information.

Plus500 does not charge any fees for deposits or withdrawals but be aware that your bank or payment issuer may apply charges. Withdrawals typically take one business day to process, but the time to receive the funds depends on the payment method and the third-party processor. You can easily track the status of your withdrawal via the Monetary History section in the web app or mobile app.

 

Frequently Asked Questions

 

What deposit methods does Plus500 offer?

Plus500 accepts Visa, MasterCard, PayPal, Skrill, and bank transfers for deposits.

 

Are there any fees for deposits or withdrawals?

No, Plus500 does not charge any fees for deposits or withdrawals. However, your bank or payment issuer may impose charges.

 

How long does it take to process a withdrawal on Plus500?

Withdrawals typically take one business day to process. The time to receive funds depends on the payment method used and the third-party processor.

 

How can I track the status of my withdrawal?

You can track your withdrawal status through the Monetary History section, available in both the web app and mobile app. Simply go to Menu > Tools > Reports > Monetary History on the web or More > Account > Reports > Monetary History on mobile.

 

Our Insights

Plus500 offers a wide range of convenient deposit and withdrawal options without charging any fees for these transactions. While your payment issuer or bank may apply their charges, the platform itself keeps the process straightforward and cost-effective.

With fast processing times for withdrawals and a user-friendly interface for tracking transaction statuses, Plus500 makes managing funds a seamless experience for traders.

 

Deposit and Withdrawal

 

Affiliate Program

The Plus500 Affiliate Program offers an opportunity for website owners to monetize their traffic by promoting Plus500 and earning commissions. Affiliates can utilize a variety of high-conversion marketing tools provided by Plus500, designed to maximize the potential of their website. Each affiliate is supported by a dedicated Affiliate Manager to guide and assist in the process.

Plus500 is a well-established global provider of Contracts for Difference (CFDs), offering trading on various financial instruments like shares, forex, commodities, and cryptocurrencies. Plus500 is regulated in multiple jurisdictions, ensuring a secure and trustworthy platform for both affiliates and traders.

 

Frequently Asked Questions

 

How can I start earning with the Plus500 Affiliate Program?

To get started, sign up for the affiliate program, and begin promoting Plus500 on your website. You’ll earn commissions based on the traffic you drive to the platform.

 

What marketing tools are available to affiliates?

Plus500 provides a range of high-conversion marketing solutions, including banners, landing pages, and tracking tools, to help affiliates maximize their earning potential.

 

Will I receive support as an affiliate?

Yes, each affiliate is assigned a personal Affiliate Manager who provides guidance and support to help optimize your affiliate activities.

 

What is the regulatory status of Plus500?

Plus500 is regulated in multiple jurisdictions, including the UK, Australia, Cyprus, and several other regions, ensuring it operates with a high level of trust and security.

 

Our Insights

The Plus500 Affiliate Program is a fantastic opportunity for website owners to generate revenue by promoting a globally recognized and regulated trading platform. With easy-to-use marketing tools, personal support, and the ability to earn commissions from your traffic, it’s an excellent choice for those looking to monetize their online presence.

 

Affiliate Program

 

Customer Reviews

 

🥇 Great Platform for Beginners!

I started using Plus500 a few months ago, and I must say it’s been a fantastic experience. The interface is very user-friendly, and I love that they offer a Demo Account to practice before diving into live trading. Plus500 has made learning the ropes of trading CFDs much easier for me, and I can already see improvement in my skills. Highly recommend it for beginners! – Sarah

 

🥈 Fast Withdrawals and Excellent Support!

I’ve traded on Plus500 for over a year, and I couldn’t be happier with the service. The platform processes withdrawals quickly, usually within a day, and customer support responds helpfully whenever I have a question. The platform itself is intuitive, and the range of instruments available makes it easy to diversify my portfolio. Overall, I’m very satisfied with Plus500! – John

 

🥉 Reliable and Transparent Fees.

Plus500 is an amazing platform with transparent fees, something I worried about when I first started trading. The spreads are clear, and I’ve never been surprised by hidden costs. It’s a relief to know exactly what I’m paying for. Their policy of no deposit/withdrawal fees is a huge bonus as well. Plus500 has truly earned my trust as a trader. – Emily

 

Pros and Cons 

 

✅ Pros❌ Cons
Plus500 offers a full, unlimited demo accountWhile Plus500 provides basic educational materials, its offers in this area fall short when compared to those of its competitors
Several top-tier financial regulators regulate Plus500 throughout the worldInactivity fees can be imposed on accounts that have been idle for a specified amount of time
Plus500's platforms are known for their easy designThe main MetaTrader platforms are not natively supported
Negative Balance Protection prevents your account balance from dropping below zeroHolding CFD holdings overnight will result in costs, which may impair long-term trading strategy
The specialized mobile app provides a seamless trading experience with features identical to the online platform, making it suitable for on-the-go accessPlus500 concentrates on Contracts for Differences (CFDs) and does not provide direct stock ownership

 

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In Conclusion 

Plus500™ is a highly reputable and secure trading platform designed to cater to a wide range of traders across the globe.

Plus500 offers access to over 2,800 financial instruments, including CFDs, share dealing, and futures, delivering an intuitive and advanced trading experience. Users consistently rate the mobile apps highly for their functionality and ease of use.

The platform operates under the regulation of top-tier authorities like ASIC and FMA, which ensures that customer funds are safeguarded through segregated accounts.

Faq

Yes, Plus500 provides a demo account with virtual funds, allowing users to test their trading methods and become acquainted with the platform’s features.

Withdrawals from Plus500 normally take one business day to complete.

Yes, Plus500 offers several risk management tools, including stop-loss orders. 

Plus500 requires a $100 minimum deposit to start a trading account, which grants traders access to a variety of financial products. 

Yes, Plus500 allows traders to trade cryptocurrencies using leverage. 

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