Plus500 full review - TopForex.Trade

Plus500

Get into CFDs trading with Plus500! There are more than 2000 instruments for you to choose from, compliance with reputable regulatory bodies to guarantee the safety of your trading, and a completely free Demo account to try out multiple trading strategies without risking your own capital.

Numbers of instruments
2000+
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC
Overall
95
Comissions & fees
96
Licensing & safety
97
Platforms & tools
93

Plus500

Reliable, Simple, Innovative

If you’d like to get into CFDs trading, Plus500 is one of the best options available for you out there.

Plus500 is a trading platform and a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, cryptocurrencies (availability subject to regulation), ETFs, options, and indices, alongside innovative trading technology.

The company presents a user-friendly platform with plenty of advanced trading and risk management tools. Together with it, Plus500 provides its users with a trader guides and е-book.

Plus500 Highlights

This company is rapidly gaining popularity in Europe and Asia. Today, Plus500 is one of the most trusted brokers in the world, operating in compliance with regulatory bodies in many countries. The UK, Australia & New Zealand are on the list since traders there value reliability above all and are looking for that kind of broker.

Plus500 is definitely worthy of your time and attention. Here are reasons why:

2000+ financial instruments
Fast and reliable order execution
Leverage of up to 1:30
Tight spreads
No commissions
Free demo-version
Easy to learn & navigate platform
Advanced tools and features for account control
Not available in the US

Plus500 Regulations

When it comes to financial products, stability and reliability might be the first points to consider. However, when it comes to Plus500, there is no need to worry: it has a very formidable regulatory base.

Plus500 and its subsidiaries are authorized and regulated in different jurisdictions around the world. Here are some of them:

  • Financial Conduct Authority (FCA) (License number is (#509909)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • Monetary Authority of Singapore (MAS)
  • Seychelles Financial Services Authority
  • Australian Securities and Investments Commission (ASIC)
  • The Financial Markets Authority of New Zealand

The high level of credibility makes this company a rapidly growing CFD provider in Europe, Asia, Australia, and New Zealand that offers its portfolio of over 2000 CFD instruments to over a million clients.

Plus500 Trading and platforms

To open an account and start trading with Plus500 won’t take much of your time! The platform is available for CFD online trading in a few different mediums. Traders can access the platform on Apple and Android devices. The platform is also accessible with WebTrader.

Plus500 is one of the highest-rated CFD trading apps on Apple’s App Store and Google Play, as it is understandable yet powerful in its many advanced features.

Plus500 offers you two types of accounts: the real money account and the demo one. To open the first, you’ll need to deposit a minimum sum of $100 to start trading. 

Plus500 Deposits and withdrawals

Deposits and withdrawals include many payment methods such as bank and credit/debit card transfers through Visa & MasterCard, Paypal, BankTransfers, BPay, Skrill, etc. 

Also, deposits and withdrawals are free of charge. As part of the broker’s commitment to offer some of the best trading conditions available, it covers most payment processing fees. On rare occasions, you may incur fees when transferring money to and from your Plus500 account. These are determined and levied by your payment issuer or bank, and not by Plus500.

Plus500 Trading Instruments

Plus500 Trading Instuments

Plus500 strives to give every client the ability to trade CFDs on financial products like including indices, Forex, commodities, cryptocurrencies (availability subject to regulation), shares, options & ETFs.

Plus500 Intruments

Together with a wide range of options to choose from, you’ll get free real-time quotes and dedicated round-the-clock customer support!

Plus500 Fees and Commissions

Plus500 Fees and Comissions

Plus500 offers customers most of its services free of charge and is very clear with the few fees it charges. There are no surprises. Also, Bid/Ask spreads of Plus500  are among the tightest in the industry (based on internal monitoring).

The fees below could be applied to your account, depending on the trading activity: 

  • Overnight Funding

An overnight funding amount is either added to or subtracted from your account when holding a position after a certain time.

  • Currency Conversion Fee

Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different from the currency of your account. 

  • Guaranteed Stop Order

A unique order type is used to help you manage risks by guaranteeing the stop loss level.

  • Inactivity Fee

A fee of up to USD 10 per month will be levied, should you not log in to your trading account for a period of at least three months.

Unlike some other CFD companies, when trading with Plus500 you will incur zero fees for deposits, live share CFD prices, real-time forex quotes, opening/closing trades,  dynamic charts & graphs, or rolling your position! 

Plus500 Advantages and Disadvantages

Plus500 Advantages

The Plus500 Trading Platform is very user-friendly & allows customers to trade on a large variety of instruments. Also, it is a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, ETFs, options, and indices, alongside innovative trading technology.

 Key benefits include:

  • In most jurisdictions, chat and email support are provided around the clock (24/7)
  • A free and unlimited demo account is there to try out. 
  • All trading instruments are leveraged.
  • Plus500’s subsidiaries are fully authorized and regulated in the jurisdictions in which they operate.
  • When trading with Plus500, you will incur 0 fees for opening/closing trades.
  • Bid/Ask spreads are among the tightest in the industry (based on the broker’s internal monitoring).
  • Plus500 is available in more than 50 countries and more than 30 languages.

Plus500 Trading CFDs Guide

Plus500 Trading Education

Plus500 provides its users with a trader guide and е-book, where you can find comprehensive explanations about platform features, instruments it offers, and a step-by-step trading guide, as well as key trading terminology and up-to-date market insights. This book is available for free to every user, including ones with Demo accounts! You can learn and test trading strategies without risking your capital. 

Also, there is a collection of “how-to” videos available for you to learn more about online trading with Plus500’s intuitive platform, so once you get it all in, you’re good to start! 

Plus500 Summary

Plus500 is one of the most user-friendly CFD trading platforms with advanced features and plenty of risk management tools. It offers a wide choice of CFD trade instruments, a trading guide, and all the tools to make trading more effective and secure. 

A long list of license bodies guarantees that you’re trading on a reliable and reputable platform in a regulated environment, which has stringent rules and regulations designed with your best interests in mind.  

If you’re still new to CFDs trading & cautious about possible losses, Plus500 has an option for you too! You can make use out of Plus500’s very detailed trading guide and open a demo account. It will give you a chance to practice, test your trading strategies & gain the necessary experience in real market conditions, being completely risk-free, as you can’t lose real money! 

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Plus500 overall scores

This review was created for you to learn more about Plus500 and decide on how well it suits your needs and values. We scored it using our own criteria and methodology to present you with a full, informative report. However, some info is clearer in numbers! Please, see Plus500 final scores in areas that our experts consider high-priority.

Overall
95 points
Comissions & fees
96 points
Licensing & safety
97 points
Platforms & tools
93 points
Instrument
Number
Indices
Forex pairs
Commodity types
Cryptocurrency (availability subject to regulation)
Shares
Options
ETFs
30
64
22
15
1000
401
95

Plus500 fees and commissions

Plus500 offers customers most of its services free of charge and is very clear with the few fees it charges. Also, Bid/Ask spreads of Plus500 are among the tightest in the industry (based on internal monitoring).

Pros
Cons
2000+ financial instruments
Fast and reliable order execution
Leverage of up to 1:30
Tight spreads
No commissions
Free demo-version
Easy to learn & navigate platform
Advanced tools and features for account control
Not available in the US

Plus500 broker FAQ

Plus500 is one of the Top trust brokers out there, operating in compliance with regulatory bodies in countries with really strict guidelines for financial operations. The UK, Australia & New Zealand are among them.
Plus500 is regulated by some of the world’s most authoritative bodies in the field of financial operations such as the UK: FCA, Cyprus: CySEC, Australia: ASIC & Singapore: MAS, and others.
The minimum deposit to start trading on a real money account is $100. Plus500 also provides a free demo account where you can test multiple trading strategies without risking your own capital!
Plus500 allows you to open Real money (Retail) or a Demo account, which gives you a chance to do so in real market conditions, being completely risk-free, as you can’t lose real money.