Plus500

Plus500

Min $100

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76.4% of retail CFD accounts lose money.
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9.5/10 (Expert Score)
Product is rated as #2 in category CFD Brokers
This Plus500 review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
Commissions & Fees
9.6
Offering of Investments
9.7
Platforms & Tools
9.3
Research
9.0
Customer Service
9.7
Education
9.1
PROS:
  • Min Deposit $100 or equivalent
  • Max Leverage: 30:1 , 300:1 professional clients
  • 2,000+ Tradable Assets
  • CFDs on Forex, Cryptocurrencies, Stocks, Commodities, ETFs, Options & Indices
  • Credit/Debit card, Bank transfer, Electronic wallets
  • Web Trader, Mobile App
  • Regulated by FCA, CySEC, ASIC, FMA, FSCA, FSA, MAS
  • 32 Languages Supported
  • Official Partner Atlético de Madrid, Atalanta B.C., Legia Warsaw, Brumbies and BSC Young Boys
CONS:
  • No phone support

Plus500 Review


Plus500 is a CFD trading platform, covering more than 2,000 securities and many asset classes. It was founded in 2008 by 6 alumni of Technion-Israel Institute of Technology and it’s now expanded from its headquarters in Israel with subsidiaries in UK, Cyprus, Australia and Singapore. Plus500 was listed in the London Stock Exchange’s main market in July 2018.

Plus500 Fees Review



PROS:
  • Wide range of CFDs offered
  • No deposit fees
  • Low CFD fees

CONS:
  • $10 per quarter inactivity fee after 3 months of no trading



Stock Fees

Plus500 doesn’t charge commission on real stock trading, i.e. there are no broker fees when opening or closing the position. This doesn’t apply to short or leveraged positions.

Non-trading Fees

Account FeeDeposit FeeWithdrawal FeeInactivity Fee
$0$0$0$10 per quarter after 3 months of inactivity

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76.4% of retail CFD accounts lose money.

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Plus500 Deposits & Withdrawals Review



PROS:
  • Min deposit $100 or equivalent
  • 14 account base currencies
  • 5 free withdrawals per month

CONS:
  • None



Account Base Currency

Plus500 gives you many currency options, i.e. GBP, EUR, USD, CHF, JPY, AUD, SEK, NOK, SGD, CAD, PLN, HUF, CZK, TRY. The default currency is based on your country of residency.

Deposit & Withdrawal Currency Conversion Fees

USDEURGBP
Bank transferNoneNoneNone
Credit/Debit card & Electronic walletsNoneNoneNone

How long will it take for my deposit to show on Plus500?

If you make the deposit over card, either debit or credit, it’s instant. Bank transfers take a few business days.

When will I have access to my money if I withdraw from Plus500?

Withdrawal takes around 1-3 business days.

What is Plus500 minimum deposit?

Plus500 minimum deposit is $100 and the max deposit is $300k

Can I withdraw any amount?

There’s a minimum limit of $50 for PayPal and $100 for cards, either debit or credit, and bank transfers.

Does Plus500 charge withdrawal fees?

The first 5 withdrawals you make every month are free. Plus500 charges $10 for any withdrawal beyond these 5.

Are there any terms on where I direct any funds I withdraw?

Plus500’s only specification is that you withdraw to accounts in your name.

Make your First Deposit with Plus500

76.4% of retail CFD accounts lose money.

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Plus500 Account Types Review

You can easily open a Plus500 account online. All you need is an email address or, alternatively, you can use your Facebook, Apple or Google account. Then you get two options: you can either try a demo account or start trading with a live account.
Once you register online, you will need to verify your identity by uploading a copy of your passport or ID or driving license or residence permit. You will also need to verify your residency by uploading a copy of a utility bill or bank statement or salary slip or toll taxes letter.

Platform Languages

The Plus500 trading platform is multilingual with 32 languages: English, Bahasa Melayu, Česky, Dansk, Deutsch, Eesti, Español, Eλληνικά, Français, Hrvatski, íslenska, Italiano, Latviešu, Lietuviškai, Magyar, Malti, Nederlands, Norsk, Polski, Português, Pyccĸий, Română, Slovenčina, Slovenski, Suomeksim, Svenska, Türkçe, български ,עברית, العربية, 简体中文, 繁體中文

Open a Trading Account with Plus500

76.4% of retail CFD accounts lose money.

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Plus500 Platforms & Assets Review



PROS:
  • 2,000+ tradable assets
  • CFDs on Forex, Cryptocurrencies, Stocks, Commodities, ETFs, Options & Indices
  • Web Trader and Mobile App

CONS:
  • Desktop Trader, MetaTrader 5, MetaTrader 4



Risk Management Tools

Plus500 offers tools to help you protect profits or minimise losses:
If you add a ‘Close At Profit” order to a new or existing position, you can set the rate at which your position will close protecting your profit. On the other hand, a ‘Close at Loss’ order will minimise your losses.
A Guaranteed Stop order puts an absolute limit to how much you can lose, without risk of Slippage.
A Trailing Stop automatically closes your position if the price changes against you by a specified amount of pips.

Start CFD Trading with Plus500

76.4% of retail CFD accounts lose money.

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Plus500 Customer Service Review



PROS:
  • Live chat
  • Available 24/7

CONS:
  • No phone support



Plus500 offers 24/7 customer service, which is better than most competitors. You can contact them via live chat, WhatsApp or email and they respond within an hour.

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Is Plus500 safe?

RegulatorLicenseLegal Entity
Cyprus Securities Exchange Commission (CySEC)250/14Plus500CY Ltd
Financial Conduct Authority (FCA)FRN 509909Plus500UK Ltd
Australian Securities and Investments Commission (ASIC)417727Plus500AU Pty Ltd
FMA in New Zealand486026Plus500AU Pty Ltd
Financial Sector Conduct Authority of South Africa (FSCA)47546Plus500AU Pty Ltd
Seychelles Financial Services Authority (FSA)SD039Plus500SEY Ltd
Monetary Authority of Singapore (MAS)CMS100648-1Plus500SG Pte Ltd


Is Plus500 safe?
  • Yes, it is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the FMA in New Zealand, the FSCA in South Africa, the Seychelles Financial Services Authority (FSA) and the Monetary Authority of Singapore (MAS).


Is there negative balance protection on Plus500?
  • Yes, Plus500 is compliant with the ESMA rules. This means you won’t lose more than you have deposited.


Disclaimer
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.

Trade Safe with Plus500

76.4% of retail CFD accounts lose money.

Specification: Plus500

Max Leverage 30:1, 300:1 Pro clients
Assets 2,000+
CFDs Forex, Stocks, Commodities, ETFs, Options, Indices
Customer Type Experienced Traders
Country/Region UK, Europe, Australia, Middle East, America, Asia
Platforms Web Trader, Mobile App
Deposit Options Credit/Debit Cards, Electronic Wallets, Bank Transfer
Regulated by FCA, CySEC, ASIC, FSCA, FSA, FMA, MAS
Customer Service 24/7, Email, Live chat, WhatsApp

Videos: Plus500

Photos: Plus500

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