Plus500
Min $100
- Min Deposit $100 or equivalent
- Max Leverage: 30:1 , 300:1 professional clients
- 2,000+ Tradable Assets
- 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
- 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
- Wide range of CFDs offered
- No deposit fees
- Low CFD fees
- $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 Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
|---|---|---|---|
| $0 | $0 | $0 | $10 per quarter after 3 months of inactivity |
72% of retail CFD accounts lose money.
back to menu ↑Plus500 Deposits & Withdrawals Review
- Min deposit $100 or equivalent
- 14 account base currencies
- 5 free withdrawals per month
- 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
| USD | EUR | GBP | |
|---|---|---|---|
| Bank transfer | None | None | None |
| Credit/Debit card & Electronic wallets | None | None | None |
How long will it take for my deposit to show on Plus500?
When will I have access to my money if I withdraw from Plus500?
What is Plus500 minimum deposit?
Can I withdraw any amount?
Does Plus500 charge withdrawal fees?
Are there any terms on where I direct any funds I withdraw?
Make your First Deposit with Plus500
72% of retail CFD accounts lose money.
back to menu ↑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
72% of retail CFD accounts lose money.
back to menu ↑Plus500 Platforms & Assets Review
- 2,000+ tradable assets
- CFDs on Forex, Cryptocurrencies (Availability subject to regulation), Stocks, Commodities, ETFs, Options & Indices
- Web Trader and Mobile App
- 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
72% of retail CFD accounts lose money.
back to menu ↑Plus500 Customer Service Review
- Live chat
- Available 24/7
- 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.
back to menu ↑Is Plus500 safe?
| Regulator | License | Legal Entity |
|---|---|---|
| Cyprus Securities Exchange Commission (CySEC) | 250/14 | Plus500CY Ltd |
| Financial Conduct Authority (FCA) | FRN 509909 | Plus500UK Ltd |
| Australian Securities and Investments Commission (ASIC) | 417727 | Plus500AU Pty Ltd |
| FMA in New Zealand | 486026 | Plus500AU Pty Ltd |
| Financial Sector Conduct Authority of South Africa (FSCA) | 47546 | Plus500AU Pty Ltd |
| Seychelles Financial Services Authority (FSA) | SD039 | Plus500SEY Ltd |
| Monetary Authority of Singapore (MAS) | CMS100648-1 | Plus500SG Pte Ltd |
Is Plus500 regulated?
- 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.
72% of retail CFD accounts lose money.
Specification: Plus500
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Videos: Plus500
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