Plus500

Important Note: Customer feedback is essential to us. We have received some concerns about this broker, so we recommend conducting thorough research before considering this company for your needs.

AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverageup to 1:30
Minimum Deposit$100
Year Established2008
RegulationFCA, CySEC, MAS, IE Singapore, ASIC, FMA, FSCA, Seychelles FSA
Payment methodsCredit cards, Bank transfer, PayPal, Skrill
Publicly Traded
Employees521
Type of BrokerCFD broker
MT4
MT5
Trading Assets2,000+ instruments including Forex, Cryptos, Stocks, Commodities, Indices, Metals, Energies, Options & ETFs
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4.2
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Diverse Trading Platforms: Accessible through web, desktop, and mobile.
  • Extensive Instrument Range: Over 2,000 trading instruments available.
  • Commission-Free Trading: Trading accounts with no commission fees.
  • Flexible Account Funding: Multiple convenient funding options.
  • No Deposit or Withdrawal Fees: Transparent and cost-effective transactions.
  • Educational Resources: Trading guides for beginners.
  • 24/7 Customer Support: Highly rated customer service.
  • Innovative Products: Introduction of new trading instruments.
  • Practice Trading Accounts: Allows users to hone their skills.
Cons
  • Restricted Countries: Not available in certain countries.
  • No Fixed Spread Accounts: Lack of fixed spread options.
  • Limited Cryptocurrency Payment Options: Potential for expanded crypto payment methods.
  • Inactivity Fees: Applied if trading activity is insufficient.
  • No MetaTrader Platforms: Absence of popular MetaTrader trading platforms.

Introduction

Established in 2008, Plus500 has firmly positioned itself as a trailblazer in the online trading industry.

Over the years, it has evolved into a multi-regulated broker, renowned for providing a comprehensive array of over 2,000 Contract for Difference (CFD) instruments.

Boasting proprietary trading platforms for web, desktop, and mobile, the broker has become synonymous with innovation, ensuring traders worldwide have institutional access to global markets.

Navigating the dynamic landscape of online trading, the company has consistently refined its services, embracing cutting-edge technologies to meet the ever-evolving needs of modern traders.

The journey began in the nascent stages of online trading, and since then, it has not only weathered the changes but has emerged as a market leader in every aspect.

This broker’s commitment to continual improvement underscores its dedication to making online trading as accessible as possible, regardless of a trader’s prior experience.

Critical Consideration: It is essential to acknowledge the inherent risk in trading CFDs, as evidenced by the fact that 81% of retail investor accounts lose money. Prospective traders should thoroughly assess their risk tolerance before engaging in such endeavors.

Summary

In essence, Plus500 stands as a preeminent broker, offering a robust suite of online trading services to a global clientele.

With a diverse selection of over 2,000 instruments spanning multiple asset classes, including CFDs on Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, Options & ETFs, it provides traders with an extensive array of options.

This broker’s commitment to innovation is exemplified by its status as the first online broker to offer trading in Cannabis Stocks, showcasing a proactive approach to meeting the evolving demands of the market.

Regulatory Standing

Founded in 2008, the company is listed on the London Stock Exchange and regulated in various jurisdictions, including:

  • Plus500UK Ltd: Regulated by the FCA (#509909).
  • Plus500CY Ltd: Regulated by CySEC (#250/14).
  • Plus500SG Pte Ltd: Licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
  • Plus500AU Pty Ltd: Regulated by ASIC in Australia, AFSL #417727, and more.

Important: Leverage is limited to 1:30 for UK/EU clients due to ESMA restrictions.

Fund Safety

The safety of client funds is a paramount concern, and the platform employs stringent measures to ensure their protection.

Client funds are held in segregated bank accounts, a practice in line with the Financial Conduct Authority’s (FCA) client money protection rules.

This segregation guarantees that the funds deposited by traders are kept separate from the operational funds of the company.

Importantly, this separation prevents the misuse of client funds for purposes such as hedging or speculation by the broker.

In the unfortunate event of insolvency or the cessation of trading by the company, clients may find reassurance in the compensation potential offered by the Financial Services Compensation Scheme (FSCS).

This scheme could provide compensation to eligible clients, offering a layer of financial protection in unforeseen circumstances.

Geographic Presence

Plus500 has strategically expanded its reach to operate in more than 50 countries and has made its services accessible in over 30 languages.

This global presence reflects the broker’s commitment to catering to a diverse and international clientele.

However, it’s essential to note that regulatory requirements impose restrictions on the provision of trading services in certain countries, with the United States being one such example.

These restrictions are in place to ensure compliance with the regulatory frameworks of specific regions.

Trading Platforms

Plus500 provides a comprehensive suite of proprietary trading platforms, catering to the diverse needs of traders across different devices.

Mobile Platform

The highly rated mobile platform allows traders the flexibility to manage their accounts and execute trades while on the go.

This feature is particularly advantageous for those who require real-time access to the markets, enabling them to respond swiftly to market developments.

Trading Platform

The proprietary trading platform offered is designed for simplicity and effectiveness.

Supporting over 2,000 instruments, it boasts competitive spreads and operates on a zero-commission fee model.

The platform’s clean interface is tailored to accommodate traders of varying skill levels, ensuring a user-friendly experience.

Charting Tools

The trading platform comes equipped with an array of charting tools, enhancing the analytical capabilities of traders.

Users can view charts in multiple timeframes and styles, providing a comprehensive picture of price movements.

Technical indicators, drawing tools, and the ability to save chart templates contribute to a robust charting experience, catering to both novice and experienced traders.

Trading Tools – Economic Calendar

Powered by Dow Jones, Plus500’s economic calendar is a valuable tool for traders engaging in fundamental analysis.

This calendar provides crucial information on market news events, their expected impact, and the results of previous and forecasted releases.

The inclusion of corporate events sets it apart, offering a holistic view of factors influencing the financial markets.

This tool aids traders in making informed decisions based on a thorough understanding of the broader economic landscape.

Risk Management Tools

Plus500 offers robust risk management tools, including:

  • Set Price Levels: Close at profit (limit) and close at loss (stop loss).
  • Guaranteed Stop: Limits potential losses without being affected by slippage.
  • Trailing Stop: Automatically limits losses and locks in profits.
  • Real-Time Alerts: Email, SMS, and push notifications for specified market events.
  • Price Alerts: Notifications when an instrument reaches a specific price.
  • Change % Alerts: Alerts on percentage price changes.
  • Traders Sentiment Alerts: Automatic alerts based on buyers vs. sellers percentage.

Education

Education lies at the core of Plus500’s mission, emphasizing the empowerment of traders with knowledge and insights.

The platform hosts an array of educational resources, including comprehensive trading guides and informative videos.

These resources cater to traders of all levels, from novices looking for an introduction to CFD trading to seasoned investors exploring advanced trading strategies.

The inclusion of “how-to” videos adds a practical dimension to the educational offerings, allowing users to familiarize themselves with the broker’s intuitive platform.

These resources prove particularly beneficial for beginners, providing a structured pathway to understanding the intricacies of online trading.

The clarity and accessibility of the educational materials make this broker a suitable choice for those entering the trading arena.

Moreover, the platform recognizes the importance of staying informed in a dynamic market environment.

The News & Market Insights section provides a valuable repository of articles that delve into the latest market developments.

These insights keep traders abreast of current events and offer analyses of their potential impact on various instruments.

By facilitating a more in-depth understanding of market dynamics, Plus500 equips its users to make more informed and strategic trading decisions.

In essence, its commitment to education extends beyond the basics, offering a continuous learning experience for traders at every stage of their journey.

Whether through comprehensive guides, practical how-to videos, or insightful market analyses, it stands as a resourceful ally in the pursuit of trading proficiency

Markets

With 2,000+ trading instruments, the broker covers a broad spectrum of markets, including:

  • Forex CFD Trading: Leverage trading on 70+ major, minor, and exotic currency pairs.
  • Index CFD Trading: Leveraged trading on popular global indices.
  • Cryptocurrency CFD Trading: Trading on over 10 cryptocurrencies with 24/7 availability.
  • Commodity CFD Trading: Offering popular commodities like gold, oil, and silver.
  • Stocks CFD Trading: Leverage trading on shares from various markets.
  • Options CFD Trading: Flexible call and put options trading.
  • ETFs CFD Trading: Leveraged trading on popular Exchange-Traded Funds.

Accounts

Plus500 streamlines its account types, making trading accessible to a broad audience:

Standard Account

The standard account requires a minimum deposit of $100, providing clients access to all platforms, tools, and the full spectrum of trading instruments.

Additionally, it incorporates a $10 monthly inactivity fee for accounts not accessed within a three-month period.

Demo Account

The demo account offers a risk-free environment for traders to practice and familiarize themselves with Plus500’s platforms and features before committing real funds.

This serves as an invaluable tool for honing trading strategies.

Professional Account

For eligible clients with significant trading experience, the broker offers a professional account.

Qualification requires a demonstrated history of trading activity, a substantial financial portfolio, and relevant experience in the financial sector.

It’s important to note that certain protections may not be available for professional traders.

Support

The company’s commitment to customer satisfaction is evident in its robust support system:

The platform offers 24/7 customer support through online chat and email, ensuring that assistance is available whenever traders need it.

With an excellent rating and a typical response time of just 34 seconds, their support team is known for its efficiency and responsiveness.

This quick and reliable support adds a layer of confidence for traders, knowing that assistance is readily accessible.

Funding

Plus500 supports multiple funding methods to accommodate diverse trader preferences:

Traders can fund their accounts using credit cards, bank transfers, PayPal, or Skrill.

The inclusion of digital wallet options, such as PayPal and Skrill, allows for quicker access to funds, particularly significant for those seeking timely responses to market opportunities.

While it covers most payment processing fees, it’s essential to note that third-party charges, such as bank fees, may not be covered.

The availability of various funding methods caters to the convenience of traders, offering flexibility in managing their accounts.

Conclusion

In conclusion, Plus500 epitomizes more than just a brokerage platform; it embodies a comprehensive and forward-thinking trading solution.

Since its inception in 2008, the platform has navigated the intricate landscape of online trading, evolving into a stalwart presence.

The commitment to innovation and adaptability is not merely a facet of Plus500’s identity; it’s the essence that propels it forward in a dynamic industry.

The diverse range of over 2,000 instruments spanning various asset classes reflects Plus500’s dedication to providing traders with an extensive toolkit.

Notably, the inclusion of Cannabis Stocks as a trading option underscores the platform’s proactive stance in introducing novel opportunities.

This innovation-centric approach ensures that Plus500 remains at the forefront of meeting the diverse and evolving demands of the market.

Regulatory compliance is the bedrock of their operations, with the broker being listed on the London Stock Exchange and regulated by esteemed authorities globally.

This commitment not only instills confidence, but also positions it as a reliable and trustworthy partner for traders seeking a secure environment.

Delving into the trading conditions, Plus500’s utilization of cutting-edge technologies ensures a seamless and transparent trading experience.

From real-time quotes to tight spreads and zero commission fees, the platform is designed to empower traders with the tools they need.

The absence of fees for deposits and positions further enhances the cost-effectiveness of trading with them.

The safety of funds is a priority, with Plus500 adhering to strict client money protection rules.

This, coupled with a strategic global presence in more than 50 countries, solidifies it as a broker with a broad reach.

However, the platform remains cognizant of regulatory nuances, adapting its services to adhere to strict requirements in certain countries.

The proprietary trading platform, available across devices and languages, stands out for its user-friendly interface and comprehensive features.

Their commitment to education, exemplified through trading guides, videos, and market insights, is a testament to its dedication to empowering traders with knowledge.

In essence, Plus500 is not just a broker; it is a partner in the trader’s journey, offering a robust and holistic trading experience.

As the platform continues to evolve in tandem with market dynamics, its legacy as a market leader seems set to endure.

For traders seeking innovation, reliability, and a comprehensive trading environment, Plus500 stands as a beacon in the ever-evolving realm of online trading.

FAQ – Frequently Asked Questions

What is Plus500?
Plus500 is a leading online trading broker founded in 2008, offering a wide range of financial instruments for trading, including Forex, Commodities, Stocks, Cryptocurrencies, Indices, and more.
How does it ensure the safety of client funds?
Client funds are held in segregated bank accounts in accordance with the Financial Conduct Authority’s rules, preventing their use for hedging or speculative purposes. In the event of insolvency, clients may be eligible for compensation from the Financial Services Compensation Scheme (FSCS).
In how many countries does the broker operate?
It operates in more than 50 countries globally and supports over 30 languages. However, regulatory restrictions prevent the platform from offering services in certain countries, including the United States.
What trading platforms are available?
Plus500 offers proprietary trading platforms for web, desktop, and mobile devices. The highly rated mobile platform enables traders to manage accounts and execute trades on the go.
What financial markets can I trade on?
Plus500 provides access to over 2,000 trading instruments across various markets, including Forex, Indices, Cryptocurrencies, Commodities, Stocks, Options, and ETFs.
What account types does it offer?
Plus500 simplifies its account types, offering a standard account with a $100 minimum deposit. Traders can also access a demo account for risk-free practice and a professional account for eligible clients with significant trading experience.
How can I contact with their customer support?
The company offers 24/7 customer support through online chat and email. The support team is highly rated, with a typical response time of just 34 seconds.
What funding methods are supported?
Plus500 supports multiple funding methods, including credit cards, bank transfers, PayPal, and Skrill. Digital wallet options like PayPal and Skrill provide quick access to funds for timely market responses.
Can I trade cryptocurrencies?
Yes, Plus500 offers cryptocurrency trading as CFDs. Traders can speculate on the price movements of over 10 cryptocurrencies, including Bitcoin and Ethereum, without owning the actual assets.
Is there a demo account available?
Yes, Plus500 provides a demo account that allows traders to practice and familiarize themselves with the platform’s features before engaging in real trading. This risk-free environment is ideal for honing trading strategies.

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Last updated: June 11, 2024