Plus500 Broker Review


SIGN UP 81% of retail CFD accounts lose money
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.
Bonus
None
Minimum Deposit
$100 Risk warning: 81% of retail CFD accounts lose money
Regulators
FCA
US Traders
Yes
Visit Plus500 Website 81% of retail CFD accounts lose money


* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.


* Plus500 is a CFDs service. You can trade CFDs on commodities such as

  1. oil
  2. silver
  3. gold
  4. stocks
  5. ETFs
  6. Indices CFD Trading: Exclusive to Plus500 – AI Index, ESG and Impact Indices; Allows exposure to some of the largest companies in various markets – Hong Kong 50, USA 500, Germany 40, Australia 200 and more.

This service is not available in all regions.
* Plus500 offers a new platform ”Plus500Futures”- a futures platform available in the US only.

Plus500 Ltd is headquartered in Israel, it’s subsidiaries – Plus500UK Ltd. , Plus500CY ltd. and Plus500AU Pty. Ltd are located in London, Limassol and Sydney.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500’s websites.


Plus500Futures is available for US clients.


Features

In addition to trading in the forex market, a trader with a Plus500 account can trade CFDs on underlying financial instruments such as

  1. Forex
  2. Stocks
  3. Commodities
  4. Options CFD Trading
    + Plus500 offers “Exchange Traded Options” which allows for higher liquidity and reduced costs.
    + “Options” traders may reach the payout trigger quicker, contributing to your account’s conversion rates, as these instruments carry higher spreads.+ Involves higher leveraged trading (proper risk warning must be included).
  5. Indices CFD Trading
    + Exclusive to Plus500 – AI Index, ESG and Impact Indices
    + Allows exposure to some of the largest companies in various markets – Hong Kong 50, USA 500, Germany 40, Australia 200 and more.

Dealing spreads for other currency pairs are just as competitive.

Plus500 has launched an amazing feature (+Insights) for desktop and mobile, allowing users to learn more about market trends based on the company’s unique internal data.
How it works: Users will be able to further enhance the exploration process by using the dedicated filter screen and search for local/global trends, focus on instrument types and select a time-frame.

Always keep in mind that forex trading involves substantial risk of loss and is not suitable for all investors. You may lose more than your initial investment.


* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.


Accounts

Plus500 offers two different types of accounts: a live funded account and a free demo trading account. The Plus500.com demo account comes complete with a trading platform and is for an unlimited-time, unlike most demo accounts, which are generally offered for a set time period.

Plus500 users are now able to self-adjust their Demo account balance up to €40,000, or the equivalent in their trading account currency. This new feature allows users to personalize their trading experience while using the Plus500 demo and better reflect their target volume of investments.

They are also able to completely reset their demo account, including all history, so they can re-experience it over and over while executing different trading strategies

Funded accounts require a minimum initial deposit of $100 and can be funded through Visa/MasterCard, MoneyBookers or through a wire transfer. Trustly, Apple Pay and Google Pay can also be used as additional payment methods. Additionally, there are a variety of location-based payment methods available.

The maximum leverage on Plus500 accounts is 1:30. Always keep your leverage low as increasing it also increases your risk. In other words, a high degree of leverage can work against you as well as for you.

Transactions

Making an initial deposit for funding an account at Plus500.com can be done through a Visa or MasterCard credit card, MoneyBookers or through a wire transfer. Depositing funds through a Visa or MasterCard makes up the fastest way to begin trading. Going to the Plus500 cashier screen and filling out the credit card details is all that is needed to begin trading immediately. Trustly, Apple Pay and Google Pay, as well as a variety of location-based payment methods are also available.

Funding through Moneybookers can be just as easy. First, navigate to the “Funds Management” window in the trading platform, select the Moneybookers option, and fill in the Moneybookers e-mail address for the account being funded. A new pop up window will open where the Moneybookers transfer can be confirmed.

Deposits made to Plus500.com through a wire transfer can take up to three days to show up in the account. For transferring funds via wire transfer, go to the “Funds Management” window, click on the “Wire” option and then click on the “Send me Wire Details” button. Plus500.com will then email the customer wiring instructions. The minimum deposit for a wire transfer is £500.00.

Withdrawals from a Plus500.com account require that the customer present an official photo ID. The ID must be a valid passport, driver’s license or other official photo identification and must be presented before the customer is allowed to make a withdrawal.

Clients should allow up to 24 hours for Plus500.com to review the files. If the identification document cannot be scanned, the client can photograph the ID with a digital camera or a mobile phone and then upload it to the Plus500.com website.


* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.


Platform

The Plus500.com trading platform can be used on a Windows XP, Windows Vista or Windows 7 operating system and comes in three different formats: a downloadable version that can be directly downloaded to your laptop or desktop, a web based version, which allows the trader to log on to any computer and access their trading account, and a mobile trading platform that can be accessed on cell phones and other devices.

One of the advantages of the Plus500.com trading platform in addition to its ease of use consists in the fact that the trading screen includes all the other financial assets available for trading besides forex.

The Plus500.com trading platform looks the same in all three versions, making it easier for the trader to input and execute trades from any machine or cell phone. Nevertheless, Plus500.com does not offer support for MetaTrader 4 or any other third party trading platform.

Support

Plus500 provides an FAQ section and multilingual 24/7 support in case you need assistance or simply have any questions. The available customer support channels are chat, email, and WhatsApp.

In addition, Plus500 has launched a Trading Academy, which offers a variety of educational products including eBook, video traders guide, and FAQs to ease trading for both beginner and experienced traders.

Users are able to:

  1. Read eBook
  2. Watch educational videos
  3. Explore FAQs

Safety

Plus500.com is authorized and regulated by the British Financial Conduct Authority in the UK, which puts them under the same regulatory requirements as other Financial Conduct Authority registered entities.


* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.


Overall

Plus500.com makes an excellent choice for traders. Plus500 also offers a new platform ”Plus500Futures”- a futures platform available in the US only. The easy to use interface of their trading platform allows the trader to better concentrate on the market without unnecessary distractions.