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Overall Score
4.0 /5

Pros

  • Top Tier Regulations
  • Options Trading available
  • Good Customer Support
  • Unlimited demo account

Cons

  • Average Fees
  • No Bonus Available
Visit Plus500
  • Main Regulators: MAS, FCA, ASIC, FMA, DFSA
  • Crypto: Yes
  • Minimum Deposit: $100
  • Average Trading Cost EUR/USD: 1.2 pips
  • Withdrawal Fee: $0
  • Account Opening: 1 Day
Year Established
2008
Headquarters
Israel
Traded Assets
2k+
Options
Crypto
Trading Fees
Average
Trading Platforms
Prop Platform
Islamic Account
Demo Account
Funding Methods
Bank wire, credit cards, e-wallets
Tiers 1 Regulators
Tiers 2 Regulators
Negative Balance Protection

Products

Overall Score
4.2 /5
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Pros

  • Options available
  • Good Trading Execution
  • Real Stocks available

Cons

  • No Bonds
  • Average Spreads

Asset Selection and Leverage

Plus500 primarily offers CFD trading across various asset classes, including forex, stock indices, stocks, ETFs, commodities, and cryptocurrencies, as well as options. Bonds are not available. 
For real stock trading, traders can use the Plus500 Invest platform, while futures trading is exclusive to US citizens on the Plus500 Futures platform.

 
Availability
Forex
Crypto
Stocks
Equity Indices
Precious Metals
Other Commodities
Bonds
ETFs
Real Stocks
Real Bonds
Options
Thematic Indices
Synthetics


For Retail Accounts: Maximum Leverage = 30:1
For Pro Accounts: Maximum Leverage = 300:1

Trading Fees

Plus500 provides traders with a commission-free trading environment featuring dynamic spreads that vary based on market conditions.
Some trading fees, such as those for crude oil CFDs, some index CFDs, and select equity CFDs, are highly competitive, while others are more average.
It's advisable for traders to review the costs associated with their preferred assets and compare them with other brokers to identify potential pricing advantages for their strategies.

Average Trading Spreads (for Standard Accounts)

EUR/USD
1.2 pips
GBP/USD
1.5 pips
USD/JPY
1.8 pips
Gold
$0.34
Bitcoin
$78
S&P 500 Index
0.7
WTI Crude Oil
$0.04

Platforms

Overall Score
3.1 /5
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Pros

  • User-friendly Prop Platform

Cons

  • Limited choice of external platforms

Plus500 has invested in developping the following prop platforms:

In-House Platform Offering

The Plus500 WebTrader platform, designed for both beginners and experienced traders, provides a tool-rich and user-friendly trading experience.
It offers multiple sophisticated analytical tools, real-time data, and a broad selection of CFDs.
This sleek platform ensures efficient trading operations and seamless integration across all devices.

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For traders who are always on the go, the Plus500 mobile app offers seamless access to worldwide markets and a straightforward trading interface.
Just like the Webtrader, this app is equipped with intelligent features and tools, ensuring that mobile users don’t miss out on functionality.
It provides everything traders need to make well-informed decisions: live pricing, interactive charts, and a comprehensive suite of risk management options.

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Accounts

Overall Score
4.6 /5
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Pros

  • Swap-Free available
  • Smooth and Fast Account Opening

Cons

  • Inactivity Fee

Account Types

Plus500 generally provides a single account type, known as the Retail account, for most clients. However, traders can apply for a Professional account if they meet at least two of the following three criteria:
- Active trading history over the past 12 months
- A financial instrument portfolio exceeding €500,000
- Relevant experience in the financial services industry

Plus500 provides free, unlimited demo accounts with a default balance of $50,000, which resets to the starting amount when it drops to $200.
While these high balances may not always reflect realistic trading conditions, Plus500 now allows users to self-adjust their demo account balance.
This feature enables traders to personalize their trading experience and better simulate their target investment volume.

Account Opening Process

Opening an account at Plus500 is a quick and smooth process. Traders need to provide their email and choose a password, or they can register using their Google, Facebook, or Apple accounts.
Account verification is mandatory and typically requires submitting a copy of an ID and a proof of residency document.

 

Account Base Currencies

At Plus500, you can choose from almost 50 base currencies, which is great. The default account currency is determined by your country of residency.
To change your base currency, you will need to contact support. Plus500 provides a broader selection of base currencies compared to its closest competitors.

Having the choice between multiple currencies is important for two main reasons:
1) If you deposit funds into your trading account using the same currency as your bank account, or if you trade assets denominated in your trading account's base currency, you can avoid paying any conversion fees.
2) To further reduce currency conversion costs, consider opening a multi-currency bank account with a digital bank.
These accounts typically support multiple currencies and offer favorable exchange rates, along with low-cost or free international bank transfers. Plus, you can open an account quickly and easily using just your phone.

Account Features

Minimum Deposit
$100
Inactivity Fee
Currency Conversion Fee
Broker commissions
Hidden Fees
Negative Balance Protection

Deposit and Withdrawal

Overall Score
4.3 /5
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Pros

  • Multiple Payment Solutions
  • Free deposits and withdrawals

Cons

  • Withdrawal Fee
  • Relatively High Minimum Deposit
  • Slow Withdrawal

Plus500 provides numerous deposit options, including bank transfers, credit/debit cards, and electronic wallets.
Bank transfers may take several business days to process, whereas credit/debit card payments are instant.
Deposits can only be made from accounts registered in your name.

Payment Methods

Bank Transfer
Credit/Debit Cards
Electronic Wallets
Crypto Payments

e-wallets

Skrill
Paypal
Klarna
POLI
BPay
iDEAL
Giropay
PayNow

Fees and Processing Time

Deposit Fee
Withdrawal Fee
Withdrawal Processing Time
Slow

Trust

Overall Score
4.7 /5
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Pros

  • Top-tier regulations
  • Established since 2008
  • Publicly traded in the UK

Cons

  • No Banking License

Trading with Plus500 is considered safe due to its regulation by top-tier authorities such as the FCA, CySEC, and ASIC, and its status as a publicly traded company in the UK.
The platform employs advanced security measures to protect client funds and personal information.
Additionally, Plus500 offers negative balance protection, ensuring traders cannot lose more than their deposits.

Global Regulations
Registration Country
CySEC
Cyprus
FCA
United Kingdom
ASIC
Australia
FMA
New Zealand
FSCA
South Africa
MAS
Singapore
DFSA
UAE
ISA
Israel
FSA-S
Seychelles

Customer Xperience

Overall Score
2.9 /5
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Pros

  • Great Education Materials
  • Good 24/7 Customer Support

Cons

  • No Bonus available

Education and Research

Plus500 features a Trading Academy that provides a range of educational resources, including an eBook, video trading guides, and FAQs, catering to both beginners and experienced traders. Additionally, it offers webinars specifically for premium users.

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Sweeteners

Bonus
Trading Competitions
Free VPS
EA

Customer Support

Plus500 uses its comprehensive FAQ section to address most queries. Additionally, 24/7 live support is integrated within the trading platform, making it the recommended option for any questions.
Support is also available via email, live chat, and WhatsApp. With clear explanations of its products and services and smooth operations, traders are unlikely to need frequent customer support.

FAQs
Good
Support Methods
Web,
Live Chat,
Email,
Phone,
Support Hours
24/7
Multiple Languages
English,
Arabic,
French,
Portuguese,
Spanish,
Chinese