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Plus500 Review 2021

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Plus500 Main Features
☑️
Regulations
FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), FSB (Russian Federation), ISA (Israel), MAS (Singapore)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese, Chinese, Greek, Malaysian, Hebrew, Norwegian, Danish, Dutch, Polish, Czech, Estonian, Hungarian, Italian
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Futures, Options, Crypto
️💵
Min Deposit
$100
💹
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (FSB), 1:30 (ISA), 1:30 (MAS)
🖥
Trading Desk Type
No dealing desk
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72% of retail CFD accounts lose money

Plus500 Full Review

“Plus500 is a globally-regulated broker offering to trade on more than 2,500+ leveraged CFD instruments commission-free covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies* on its own proprietary based trading platform for Web, Android and iOS systems.”

Plus500 was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 UK Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.

The CFD broker’s trading platform is available for clients in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.

Users can trade commission-free with tight spreads on more than 2,500+ leveraged contracts for difference (CFD) instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies* on the broker’s own proprietary-based trading platform which is feature-rich and includes advanced risk management tools, including guaranteed stop and trailing stop orders.

While the broker does not provide any market analysis or trader educational resources, they do have an economic calendar inbuilt to the Plus500 trading platform and provide some ‘how-to’ videos in the Plus500 Trader’s Guide. Users can also access live customer support in multiple languages 24/7.

*Availability subject to regulation

Pros: Cons:
  • Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA.
  • More than 2,500+ CFDs to trade on, covering multiple asset classes.
  • Commission-free trading.
  • Simple to use proprietary trading platform.
  • Multilingual customer support 24/7.
  • No phone support offered.
  • Lack of market news and trader education.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Plus500 Video Review

Investor Protection & Regulations

“Plus500 holds multiple regulations from around the world which include the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS), among others.”

Plus500 is regulated around the world by some of the major financial regulators. For example, Plus500UK Ltd is authorised and regulated by the UK Financial Conduct Authority, as shown below:

Plus500 is also authorised and regulated around the world, as follows:

Plus500UK Ltd authorized & regulated by the FCA (#509909).

Plus500CY Ltd authorized & regulated by CySEC (#250/14).

Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).

Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).

Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the broker’s website.

All subsidiaries offer further client protection by holding client money in segregated accounts and by providing a negative balance protection policy which is a regulatory requirement for all European brokers and are therefore obligated to provide it.

Tradable Products

“Plus500 offers users the ability to trade on more than 2,500 leveraged financial CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies.”

Plus500 offers users the ability to trade on a wide variety of different asset classes. This includes access to more than 2,500 leveraged financial CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies.

Users can access a wide range of exotic currencies, country and sector indices such as the Lithium and Battery Index, Cannabis Stock Index and others and a wide range of shares from the following countries: UK, USA, Japan, Singapore, South Africa and most major European countries.

The full range of markets available to users will also depend on the client’s geographical region. Below is a list of just some of the available markets for trading:

Forex CFDs Share CFDs Index CFDs
EURUSD American Airlines Germany 30
AUDNZD Tesla USA 500
GBPJPY easyJet Sweden 30
USDRUB BP NYSE Fang+ Index
Commodity CFDs Cryptocurrency CFDs Option CFDs
Brent Oil Bitcoin Oil
Gold Litecoin Europe 50
Coffee Stella Gold
Copper Ethereum Facebook

* Details regarding the available assets are taken from the Plus500 website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded and are covered further down this review.

Account Opening

“Plus500 offers a simple account offering with access to two account types: Standard and Professional. The broker also offers Islamic swap-free accounts and access to an unlimited free demo trading account.”

Opening an account with Plus500 is quick and easy. To start, users simply need to click on the Start Trading tab on the broker’s homepage. You will then be prompted with the option to choose between Real Money mode or Demo mode on the Plus500 platform. This will then log you into the trading platform.

To use a real money account users will need to go through a verification process which includes proof of identity and proof of address. Documents can be uploaded into the trading platform to complete the real money application process. Users will also need to verify the source of funds with the minimum deposit to open an account being $100.

With Plus500, users can also apply for a Plus500 Professional Account which is for those who meet the regulatory threshold to go from a Retail Client (Plus500 Standard Account) to an Elective Professional Client (Plus500 Professional Account). While some protections will remain such as client money protection, negative balance protection and others, bare in mind that Professional Clients lose ICF rights.

Another core difference between the standard retail and professional account is the maximum leverage offered. For standard retail accounts, it is 1:30 and for professional accounts, it is 1:30 but varies for different asset classes.

Plus 500 does not accept clients from the USA, Canada, Cuba, Iran, Yemen, North Korea, Belgium, Iraq, Syria and Nigeria.

Deposit & Withdrawals options

“Plus500 offers swift and secure deposit and withdrawal methods which include bank wire transfer, debit and credit cards and e-wallets such as PayPal and Skrill and do not charge any fees.”

Plus500 offers swift and secure deposit and withdrawal methods which are fee-free. However, users may be charged if exceeding the maximum number of monthly withdrawals, as well as for international credit card transactions or bank wire transactions using a currency that is not supported.

Users can deposit and withdraw funds using bank wire transfers, debit and credit cards and e-wallets such as PayPal and Skrill. Funds can be managed directly from the Plus500 trading platform.

All funds must originate from a payment method registered in the client’s name and withdrawals are processed within 1-3 business days back to the same depositing method. The minimum withdrawal amount for PayPal and Skrill is $50 and $100 for bank transfers and credit cards. Any processing requests under this minimum amount are subject to a fee of $10.

Web Trading Platform

“Plus500 offers its own proprietary trading platform that is feature-rich with a simple and intuitive user interface. The platform comes with different features and in 32 languages and is available via Web browser.”

The Plus500 trading platform is feature-rich with a simple and intuitive user interface which offers customisable and easy to use charts for technical analysis. The platform also offers a variety of other features which include:

  • Access to 2,500+ instruments
  • Free real-time quotes
  • Free email and push notifications on market events
  • Alerts on price movements
  • Technical analysis indicators and drawing tools
  • Advanced order functionality

Below is a screenshot of the trading platform which is covered in more detail in the video review.

The screenshot above only shows “illustrative prices”.

Mobile Trading Platforms

“Plus500 offers users the ability to trade on its propriety, feature-rich mobile trading app for Android and iOS users.”

Plus500 offers users the ability to trade on its own proprietary, feature-rich mobile trading app for Android and iOS. The app download links can be found on the broker’s website, or in the Google PlayStore or Apple AppStore.

The Plus500 mobile trading app offers the ability to:

  • Trade on more than 2,500+ instruments
  • View real-time price quotes
  • Trade and manage your account on the go
  • Access an economic calendar for market events
  • View different types of charts and timeframes
  • View a range of technical trading indicators

Below is a screenshot of the Plus500 mobile trading app which is covered in more detail in the video review.

The screenshot above only shows “illustrative prices”.

Trading Features

“Plus500 offers additional trading features in the form of advanced risk management tools such as guaranteed and trailing stops, sentiment indicators and alerts.”

Plus500 offers additional trading features which include the use of guaranteed stop orders. This helps traders limit risk to an absolute limit of potential loss. The cost of this extra feature is built into the spread which means it must be at a certain predefined distance away from the current trading price of an instrument.

Users can also access trailing stop orders and close at profit or close at loss orders. The Plus500 platform also allows users to access real-time email, SMS and push notification alerts based on:

  • Price Alerts
  • Change % (Daily or Hourly)
  • Traders’ Sentiment (Buyers % vs Sellers %)

Commissions & Spreads

“Plus500 offers commission-free trading with just the spread, swaps and other additional fees payable.”

Plus500 offers commission-free trading with tight spreads on a variety of different asset classes. Additional fees include:

  • Overnight funding charges – added or subtracted from your account when holding a position overnight.
  • Currency conversion – if trading instruments denominated in a currency different to the currency of your account.
  • Guaranteed stop order – fees are built into the spread.
  • Inactivity fee – if a user has not logged into their trading account for at least three months, $10 per month fee will be levied.

Plus500 offers tight spreads and users can view live spread information in the free to use demo trading account or on the broker’s website under the instrument they wish to trade. This area also provides details on the overnight funding charge for buying and selling, as shown below:

The screenshot above only shows “illustrative prices”.

Bonus & Promotions

“Due to regulatory restrictions, Plus500 does not offer any bonus or promotion offerings.’’

Customer Support

“Plus500 offers dedicated, multilingual customer support 24 hours a day, 7 days a week through Live Chat, an FAQ section, WhatsApp and Email.”

Plus500 offers dedicated, multilingual support in 16 different languages 24 hours a day, 7 days a week through Live Chat, WhatsApp and Email. Users can find links to these on the broker’s website. An FAQ section is also offered which covers the frequently asked questions for deposits, opening an account, verification, withdrawals and more.

After logging into the Live Chat we were greeted by an agent instantly who answered our question within seconds, providing a very fast customer service response, as shown below:

Contact Information:

  • Address: Building 25, Matam Haifa, 31905, Israel
  • Email: Online contact form
  • Live Chat: Link on broker’s website
  • Social Media:

Research

“Plus500 does not offer any trader research tools or resources apart from an Economic Calendar which can be found on the website and in the trading platform.’

Plus500 does not offer any trader research tools or resources apart from an Economic Calendar which can be found on the website and in the trading platform, as shown below:

Trader Education

“Plus500 does not offer any trader education resources, apart from the Plus500 Trader’s Guide which is a selection of five videos.’’

Plus500 does not offer any trader education resources, apart from the Plus500 Trader’s Guide which is a selection of five videos, as shown below:

Trading Experience

“Plus500 offers a simple and transparent trading offering to trade commission-free on more than 2,500+ financial CFD instruments on the broker’s own proprietary, feature-rich trading platform which is simple to use.”

From our observations, Plus500 offers a simple and transparent trading offering. Users can trade on more than 2,500+ financial CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies, as well as on unique sector indices like the Crypto 10 Index.

While trader research and educational resources are limited the Plus500 trading platform has a simple and intuitive user interface and is simple to use. Elected professional clients are offered maximum leverage of 1:30, but both retail and professional traders can enjoy commission-free trading with tight spreads and a negative balance protection policy which is a regulatory requirement for all European brokers and are therefore obligated to provide it..

FAQ

Is Plus500 regulated?

Yes, by the UK FCA, CySEC, ASIC, ISA and MAS, among others.

Where is Plus500 based?

Plus500 is based at Building 25, Matam Haifa, 31905, Israel.

How does Plus500 make money?

Plus500 makes money mainly through spreads, with additional fees from overnight funding charges and currency conversion fees.

How do I deposit in Plus500 account?

Funds can be deposited into a trading account via credit and debit cards, bank wire transfer, PayPal and Skrill.

What is the min. deposit for Plus500?

The minimum deposit is $100.

How do I withdraw money from Plus500?

Withdrawals can be made from Plus500 via credit and debit cards, bank wire transfer, PayPal and Skrill.

What is the max leverage in Plus500?

The maximum leverage offered by Plus500 is 1:30 for retail clients.

How do I open an account with Plus500?

An account can be opened at the click of a button on the Plus500 website and can be done in just a few steps.

Does Plus500 use MetaTrader?

No.

Conclusion

“Plus500 is a globally-regulated broker offering to trade on more than 2,500+ leveraged CFD instruments commission-free covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies on its own proprietary based trading platform for Web, Android and iOS systems.”

Plus500 was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 UK Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.

The broker’s trading platform is available in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.

Users can trade commission-free on more than 2,500+ leveraged CFD instruments covering Forex, Commodities, Indices, Shares, Options and Cryptocurrencies on the broker’s own proprietary-based trading platform which is feature-rich and includes advanced risk management tools, including guaranteed stop and trailing stop orders.

While the broker does not provide any market analysis or trader educational resources, they do have an economic calendar inbuilt to the Plus500 trading platform and provide some ‘how-to’ videos in the Plus500 Trader’s Guide. Users can also access live customer support in multiple languages 24/7.

  • Trade with a globally regulated broker.
  • Commission-free trading.
  • More than 2,500+ financial CFD instruments available.
  • Simple to use and feature-rich proprietary trading platform.
broker

72% of retail CFD accounts lose money

See Plus500 Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Israel
Foundation Year
2008
Regulations
FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), FSB (Russian Federation), ISA (Israel), MAS (Singapore)
Publicly Traded
Yes
Number Of Employees
200+
Trading Desk Type
No dealing desk
Trading platforms
Plus500
Restricted Countries
United States, China, Belgium, France, Japan, Bahamas, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Burkina Faso, Burundi, Canada, Cape Verde, Chad, Colombia, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Djibouti, Dominica, Egypt, Equatorial Guinea, Eritrea, Estonia, Gabon, Georgia, Germany, Ghana, Italy, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, Iraq, Kuwait, Kyrgyzstan, Laos, Latvia, Guinea, Guinea-Bissau, Lesotho, Liberia, Iceland, India, Honduras, Niger, Indonesia, Greece, Grenada, Guatemala, Iran, Bermuda, Cayman Islands, Haiti, Guernsey, Angola, Albania, Kosovo, Azerbaijan, Bangladesh, Botswana, Brazil, Brunei, Cambodia, Central African Republic, Chile, Comoros, Denmark, Dominican Republic, Kiribati, Libya, El Salvador, Ethiopia, Fiji, Gambia, Guyana, Lebanon, Ecuador, Afghanistan, Algeria, Armenia
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese, Chinese, Greek, Malaysian, Hebrew, Norwegian, Danish, Dutch, Polish, Czech, Estonian, Hungarian, Italian
Min Deposit
$100
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (FSB), 1:30 (ISA), 1:30 (MAS)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Moneybookers
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Moneybookers
Cryptocurrencies
Bitcoin Cash, Bitcoin, Cardano, NEO, Litecoin, Ripple, Monero, Stellar, TRON, EOS, Ethereum, IOTA
Fixed Spreads
No
Commission On Trades
No
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Futures, Options, Crypto
Mini Account
No
Premium Account
No
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
No
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