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Plus500 Review 2024

Dan Blystone
Reviewed By:
Ola Alder
Updated: Jun 16, 2024
Overall Rating
  • Trust
  • Fees
  • Platforms and Tools
  • Tradable Instruments
  • Customer Support
  • Research
  • Deposit and Withdrawal
  • Account Types and Terms
  • Education
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.

    This review covers the European entity of Plus500. If you are a US citizen please visit the Plus500 US review for relevant information.

    80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Our Take on Plus500

    Established in 2008, Plus500 has emerged as a leader in the CFD industry from Israel, providing a state-of-the-art proprietary trading platform. Operating in over 50 countries with 400,000 active clients, this broker is listed on the London Stock Exchange (LSE: PLUS), distinguishing itself as one of the few publicly traded CFD brokers.

    Plus500 ensures compliance with regional financial regulations through its globally regulated entities. In a notable move in 2022, Plus500 became an official partner of the iconic Chicago Bulls basketball team.

    Recommended in 5 best broker guides: 
    Mobile App | Gold | UK | Australia | Platforms in Europe

    Plus500 Pros and Cons

    Pros Cons
    • Regulated in multiple jurisdictions around the world
    • 2,500 available CFDs
    • User-friendly trading platform
    • Fast-responding 24/7 chat support
    • +Insights innovative tool
    • No phone support
    • No alternative trading platform
    • High swap fees
    • No desktop platform

    Plus500 Highlights for 2024

    • Multiple Regulations. Plus500 operates under six entities, each regulated by top-tier agencies including CySEC, FCA, ASIC, and MAS.
    • Intuitive Platform. The broker has developed its own WebTrader Platform, noted for its ease of use and minimalist design. There is also a user-friendly mobile version of the platform.
    • Innovative Tools. Plus500 offers powerful research tools such as +Insights and Traders’ Sentiment.
    • Impressive Range of Instruments. The broker provides access to over 2800 tradable instruments, encompassing CFDs on forex, commodities, indices, global stocks, ETFs, and cryptocurrencies.
    • Varied Costs. Our tests revealed competitive forex spreads, slightly above-average stock CFD spreads, and industry-standard spreads for indices and commodities.

    What Sets Plus500 Apart?

    Plus500 is a well-rounded broker that delivers in the areas of usability, customer service, and the variety of markets to trade. It is also one of the world’s most extensively regulated CFD brokers. Plus500 offers an excellent platform and unique tools, such as its +Insights section, which draws valuable data from its large community of clients.

    Who is Plus500 for?

    Plus500 has created one of the most user-friendly platforms on the market, making it an excellent choice for beginners. It’s a good idea for new traders to start by using the demo account provided. Experienced traders can enjoy robust charting tools and traders who are designated as professionals have the benefit of access to greater leverage (1:300), but they do not have ICF rights.

    We used a live Standard Account, using the WebTrader platform, opened with the Plus500CY entity ( for this review. Some features and services may vary depending on where you reside.

    Plus500 Main Features

    ☑️ RegulationsCySEC (Cyprus)
    🗺 Supported Languages
    Hebrew, English, Danish, Russian, French, Dutch, Slovak, Polish, Czech, Arabic, Bulgarian, Italian, Spanish, Chinese, German, Norwegian
    💰 ProductsOptions, Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$100
    💹 Max Leverage1:30 (CySEC )
    🖥 Trading Desk TypeDealing Desk, Market Maker
    📊 Trading PlatformsPlus500 Web Platform, Mobile Platform
    💳 Deposit OptionsWire Transfer, Moneybookers, Skrill, Credit Card, PayPal
    💳 Withdrawal OptionsWire Transfer, Moneybookers, Skrill, Credit Card, PayPal
    🤴 Demo AccountYes
    🗓 Foundation Year2009
    🌎 Headquarters CountryIsrael
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Plus500 Full Review


    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Overseen by multiple top regulators across the globe and as a large publicly traded company, Plus500 earned a high trust ranking in our tests.

    Plus500’s listing on the UK Financial Conduct Authority (FCA) website
    Plus500’s listing on the UK Financial Conduct Authority (FCA) website

    In our trust category, we place the most importance on how a broker is regulated. Here we’ll cover how the different entities of Plus500 across the globe are regulated and how this impacts you. (We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.)

    Entities of Plus500 are regulated by the following authorities:

    Why is it important to know where your broker subsidiary (entity) is regulated?

    All clients of Plus500 have negative balance protection and all funds are held in segregated accounts. Plus500 clients in Europe benefit from the oversight of CySEC. Plus500CY is a member of the CySEC Investor Compensation Fund (“ICF”), which provides compensation of up to €20,000 to clients in the event of broker insolvency. Offshore regulators typically guarantee fewer client protections.

    Here is some more information about the Plus500 regulated entities.

    Entity Plus500UK Ltd Plus500CY Ltd Plus500AU Pty Ltd Plus500AU Pty Ltd Plus500AU Pty Ltd Plus500SG Pte Ltd Plus500EE AS Plus500SEY Ltd
    Country/Region United Kingdom Europe Australia New Zealand South Africa Singapore Estonia Global
    Segregated Funds Yes Yes Yes Yes Yes Yes Yes Yes
    Negative Balance Protection Yes Yes Yes Yes Yes Yes Yes Yes
    Compensation Scheme FSCS Up to £85,000 ICF Up to €20,000 No No No No No No
    Standard Leverage 1:30 1:30 1:30 1:30 1:30 1:20 1:30 1:300

    Regulatory requirements are subject to change. We gathered the data listed above in December 2022.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the company’s size, and how transparent it is.

    Founded in 2008, Plus500 has a substantial operating history. Plus500 is a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index. As a publicly-traded company, Plus500 must disclose financial reports, allowing for greater insight into the company’s stability.

    In our research, Plus500 showed good transparency in its regulatory status, fees, and general background information. Information and materials are readily available on the website. Plus500 lists the regulatory status of different subsidiaries at the footer of each page. The Fees and Charges page clearly outlines all costs. A User Agreement (Terms of service) document is also available on the Terms & Agreements page.

    In summary, we rated Plus500 as having a high level of trust and stability due to the following factors:

    • Being regulated by multiple top-tier agencies.
    • Having a lengthy operating history.
    • Being a publicly traded company valued at over a billion dollars.
    • Having a high level of transparency.


    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Plus500 offers tight spreads in some instruments, while others are average for the industry. We judged that Plus500 fees are average to competitive overall.

    A standard account and a professional account are available to clients. We tested a live Standard Account, but the only difference between the two is the amount of leverage offered. The fees are the same for both accounts.

    Plus500 profits mainly from spreads (the gap between the bid and offer prices of an asset). Plus500 does not charge commissions, except for a small number of CFDs on shares and a currency conversion fee per trade. There is also a fee for guaranteed stop-loss orders, which varies based on the size of the order and the instrument traded. A guaranteed stop-loss is a type of stop-loss order that ensures your position will be closed at a set price level.

    Trading Fees

    Spreads at Plus500 are variable, meaning that they fluctuate slightly. The spread’s size depends on the market’s level of liquidity. Liquidity describes how much an instrument can be bought and sold quickly without moving the market. Traders typically experience tighter spreads when there is greater liquidity in the market.

    We measured the spreads at Plus500 across different asset classes in a live account using the WebTrader platform. We tested at 8 AM GMT and 3 PM GMT on December 16, 2022. 8 AM GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 3 PM GMT is a quieter time, shortly before the opening of the New York stock exchange.

    Instrument Spread AM Spread PM
    EUR/USD 0.8 0.8
    GBP/JPY 3 3
    Gold 36 37
    Light Crude Oil 4 4
    Apple n/a 1.01
    Tesla n/a 1.13
    Dow 30 4 4
    Dax 40 1.9 1.9

    Spread costs at Plus500 were mixed in our tests. In forex, they were competitive with a tight spread of 0.8 pips in EUR/USD. Spreads in the stock CFDs we tested were slightly higher than average. Spreads in indices and commodities were about average for the industry.

    Swap Fees

    Swap fees (the cost of holding a position overnight) were slightly higher than average at Plus500.

    In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of holding a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on December 15, 2022.

    Instrument Swap Long Swap Short
    EUR/USD Charge of €‪11.99 Credit of €‪0.70
    GBP/JPY Credit of €‪2.41 Charge of €‪15.37

    Non-Trading Fees

    Plus500 does not charge any deposit, withdrawal, or account closing fees. However, after three months of being inactive, the company charges a $10 per month fee. Plus500 also charges a currency conversion fee for all trades on instruments denominated in a currency different from the currency of your account.

    Are Fees at Plus500 Competitive?

    We judged that fees at Plus500 are average to competitive. Some instruments, such as EUR/USD, have competitive spreads. Overnight swap fees were relatively high.

    Platforms and Tools

    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Plus500’s WebTrader Platform is a good choice, with a pleasing layout, easy-to-understand order entry, and robust charting tools. Plus500 also delivers with their mobile app, which is both user-friendly and feature-rich.

    Plus500 has invested heavily in its proprietary WebTrader platform, which has taken the ease of use to a new level. Robinhood, the US stock broker, has a famously slick, minimalist, and intuitive platform. Plus500 has successfully brought a platform with similar strengths to the world of CFD trading.


    Plus500`s proprietary trading platform, WebTrader, is accessible via web browsers, Windows 10 apps, tablets, and smartphones. Plus500 does not offer a desktop trading platform.

    Plus500 WebTrader Platform
    Plus500 WebTrader Platform

    WebTrader allows users to create watchlists easily, analyze charts, enter trades, and monitor positions in the market.

    Plus500 offers a free demo account, and the WebTrader platform makes it easy to flip between demo and live trading with a single click. A dark mode option helps make the screen easy on your eyes at night, also accessible via a single click.

    Traders often need to pull up an instrument at short notice. Having a good search feature is a vital part of a trading platform. Plus500 has a great search tool at the top of the screen, making it super easy to find whatever asset you want.

    WebTrader Platform Order Entry Panel
    WebTrader Platform Order Entry Panel

    All basic order types, such as market, limit, and stop loss, are available. Trailing stop orders and guaranteed stop loss orders are also available. Guaranteed stops can protect traders from black swan events and unexpected market swings, but they incur an additional cost.

    WebTrader Platform Charts
    WebTrader Platform Charts

    Charting capabilities are robust within the WebTrader platform. Multiple chart types, such as Candles, Renko, and Range Bars, are available. Traders can apply over 100 technical indicators to their charts along with classic drawing tools such as Fibonacci retracement levels. There are eleven available time frames for charts, ranging from one minute to one week.

    Setting alerts within the WebTrader Platform
    Setting alerts within the WebTrader Platform

    Alerts from the WebTrader platform can update you when the price of an asset reaches a certain level or changes by a set percentage. Clients can also receive notifications when traders’ sentiment hits a specified level. Alerts can be sent by email, SMS, or push notifications. The minimalist layout of the platform makes these functions super easy to use.

    Traders’ Sentiments show the percentage of the client base of Plus500 that are long (buyers) vs. short (sellers). When Traders’ Sentiments reach extreme levels, for example, 95% long and 5% short, this is recognized as a potentially powerful contrarian indicator. Traders often view this as a contrarian signal—with the expectation that when a very high percentage of traders are positioned either long or short, there may be an imminent reversal in the price trend.

    While the UX is outstanding, the platform does not offer automated trading and backtesting. Alternative platforms like MetaTrader 4 or cTrader with these capabilities are unavailable at Plus500. A feature popular among day traders, 1-click trading, is not available on the WebTrader platform.

    The platform is customizable, and a helpful feature called multiple charts view allows you to view different charts laid out to your preference on the same screen.

    Multiple charts layout in the WebTrader platform
    Multiple charts layout in the WebTrader platform

    This feature is vital for traders who track multiple markets and time frames simultaneously. In the image above, you can see that trading from the chart is an available feature also.

    The WebTrader platform is available in 30 different languages, which can easily be changed by going to the Display Settings. Plus500 has been conscious of the importance of account security, with two-factor authentication available for both mobile and web platforms.

    We concluded that Plus500 has an excellent platform, which is especially good for casual traders. The lack of one-click trading is a significant drawback for day traders and scalpers.

    Mobile Trading

    Plus500 has created a powerful app that offers an intuitive interface and advanced functionality.

    Plus500 Mobile App for Android
    Plus500 Mobile App for Android

    The Plus500 mobile app is available for iOS, Android, and Windows. The features of the mobile app are very similar to the web platform. It has an intuitive interface and offers a range of great features, including:

    • Two-Factor Authentication. Security can be improved by having a verification code sent via SMS for every login from a new device.
    • Demo Mode. Users can easily switch between a demo account and live trading within the app.
    • Users can have alerts sent via email, SMS, or push notification when an asset reaches a set level.
    • Economic Calendar. The Plus500 economic calendar shows all the key information about upcoming releases, such as the expected market impact, analyst expectations, and figures from previous releases. It also indicates instruments likely to be most impacted by the news.
    • Users can follow popular instruments, a particular asset class, risers, and fallers, or create their own list of instruments to track.

    Charting on the mobile app is robust and provides:

    • 13 Chart Types. A broader than average range, from Bar charts to Point & Figure charts.
    • 11 Time Frames. These range from 1 Minute to 1 Week.
    • 119 Indicators. An extensive range of indicators (more than MetaTrader) from Accumulation/Distribution to ZigZag.
    • 21 Drawing Tools. These include classics such as Fibonacci, Gartley, and Pitchfork.

    One minor drawback is that charts from the web platform do not sync with mobile. Overall, we concluded that this is an excellent app, better than average for the industry.

    Order Execution

    Plus500 is a dealing desk/market maker broker, meaning that they set the bid (buy) and offer (sell) prices internally and automatically take the other side of a client’s trade. Market maker brokers contrast with STP/ECN brokers, who provide clients direct access to other market participants. (STP stands for straight-through processing, and ECN stands for electronic communications network).

    Tradable Instruments

    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Plus500 shines in tradable instruments, providing access to 2,800 leveraged financial CFD instruments. Tradable assets include CFDs on forex, commodities, indices, global stocks, ETFs and cryptocurrencies.

    As a leading CFD broker, you might expect Plus500 to have a wide range of tradable assets, and it certainly delivers. The range of tradable instruments at Plus500 covers forex, commodities, indices, shares from multiple exchanges, exchange-traded funds (ETFs), and cryptocurrencies. Plus500 goes beyond what is offered at most CFD brokers by also offering CFDs on options.

    CFDs (Contract for Difference) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at Plus500 include the following:

    • 65 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
    • 22 Commodity CFDs. Commodities are raw products, such as gold and oil.
    • 1,500+ Global Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you are speculating on the price of a stock without actually taking ownership of the underlying company.
    • 29 Index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.
    • 14 Cryptocurrency CFDs. Cryptocurrencies, such as Bitcoin, are digital currencies secured by cryptography.
    • 104 ETF CFDs. Exchange-traded funds (ETFs) are financial instruments that track an index or sector and trade like a stock on an exchange.

    Plus500 clients can trade major, minor, and exotic currencies within the forex market, with 65 different pairs offered. Available cryptocurrency CFDs include leaders such as Bitcoin, Ethereum, Litecoin, and the Crypto 10 Index.

    Commodity CFDs are based on futures contracts from exchanges such as the Chicago Board of Trade (CBOT), the Intercontinental Exchange (ICE), and the New York Mercantile Exchange (NYMEX). Gold, crude oil, natural gas, and corn are among the popular commodities available to trade.

    Many CFDs on shares are available from exchanges ranging from the US to Hong Kong. Traders can use CFDs on shares to speculate on the price movement of popular stocks such as Apple and Tesla without owning the underlying stock. Leading indices such as the S&P 500 or the FTSE 100 are also available.

    Below is a sampling of instruments across the various asset categories.

    Major Forex CFDs Minor Forex CFDs
    Commodity CFDs Cryptocurrency CFDs
    Silver | Brent Oil | Sugar NEO | Bitcoin | Litecoin
    Index CFDs Option CFDs
    Japan 225 | Italy 40 | USA 2000 Netflix | Natural Gas | EUR/USD
    Share CFDs ETF CFDs
    Amazon | Coinbase | Samsung iShares Silver | SPY | TQQQ

    Note: Plus500 offers trading in shares (non-CFD) and futures, but these are accessed via different platforms and are not available in all regions.

    CFD trading is illegal in the United States, but Plus500 recently launched a new futures trading platform for traders in the US. The Plus500 Futures platform provides access to trading in futures and options on futures. This new platform has a user-friendly interface and is geared towards beginners and retail traders.

    Earlier this year, Plus500 Invest was also launched. This platform provides access to trading in popular global shares and includes the same advanced tools that are provided on the CFD platform.

    Overall, we judged that Plus500 has an impressive range of tradable instruments, well above average for the industry.

    Customer Support

    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Plus500 offers live chat 24/7, and we were impressed by the speed of response and quality of assistance. However, no customer service is available by phone which significantly influenced the score.

    Plus500 Chat Support
    Plus500 Chat Support

    Within the WebTrader platform, Plus500 offers 24/7 chat support. There is also email support via a contact form. One significant drawback is that phone support is not available. Since this is an important medium, Plus500 did not receive a high score in this category. Nevertheless, we had a great experience via chat and email.

    In our tests, customer service agents responded almost immediately via chat and were helpful and well-informed. We tested support with a wide range of questions, from easy to hard. For example, ‘Are spreads at Plus500 fixed or variable?’ and ‘What is the fee for a guaranteed stop loss order?’. Support is available in 16 different languages, including English, Spanish, German, Italian, Mandarin, French, Arabic, and Russian.

    Deposits & Withdrawals

    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Deposits and withdrawals are fast and secure at Plus500 with no hold-ups or unfair charges.

    Plus500 supports many payment providers, so clients can easily deposit and withdraw funds. Traders can transfer money via Visa, Mastercard, Maestro, Paypal, Skrill, or bank wire. Plus500 does not charge a fee for making deposits and withdrawals.

    The tables below show the fees and processing times for each deposit and withdrawal method.


    Deposits are typically available instantly, except for bank wire. Bank wires can take up to 5 days because of the additional processing time of the bank itself.

    Deposit Method Fees Processing Time
    Bank Wire 0% Up to 5 business days
    Visa 0% Immediate
    Mastercard 0% Immediate
    Maestro 0% Immediate
    PayPal 0% Immediate
    Skrill 0% Immediate


    Withdrawals take a bit longer because Plus500 needs to check the status of your account. The withdrawal depends on factors such as your actual balance, the margin requirements of your open positions, and any documents that may be outstanding.

    Withdrawal Method Fees Processing Time
    Bank Wire 0% 1 business day
    Visa 0% 1 business day
    Mastercard 0% 1 business day
    Maestro 0% 1 business day
    PayPal 0% 1 business day

    Plus500 typically processes all withdrawal requests within one business day before being sent out. However, it can take a few additional days, depending on the payment method used by the client. For electronic wallets, the total processing time is usually 1-3 business days. For credit/debit card refunds, the funds should be visible on your account within five business days, depending on the processing time of the card issuer. Bank wires can take five business days since they also involve bank authorities.

    It is the policy of Plus500, wherever possible, to process withdrawal payments back to the same payment method used to make the deposit.

    We concluded that Plus500 is better than the industry average for this category for the following reasons:

    • Good range of deposit/withdrawal options.
    • No deposit/withdrawal fees.
    • Reasonable processing times.

    Account Types and Terms

    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Plus500 has made registration a breeze, and there are multiple account types to suit your needs – from demo to professional accounts.

    Plus500 Know Your Customer (KYC) Questionnaire
    Plus500 Know Your Customer (KYC) Questionnaire

    The account opening process at Plus500 is simple and fast. To open a live account, users must prove their identity and address by uploading the relevant documents to the platform.

    When opening an account with the Plus500CY entity, we needed to complete a brief Know Your Customer (KYC) questionnaire. KYC ensures brokers understand the client’s risk tolerance, investment knowledge, and financial position.

    Minimum Deposit 100 units of your local currency
    Demo Account Available Yes
    Islamic Account Available Yes
    Professional Account Available Yes

    The minimum deposit is 100 units of your local currency and 500 when using bank transfers. Traders can open accounts in over 16 different base currencies, a more extensive range than most brokers.

    Base Currencies Available At Plus500
    US Dollar | Australian Dollar | Euro | British Pound | New Zealand Dollar | Canadian Dollar | Swiss Franc | Japanese Yen | Polish Złoty | Hungarian Forint | Czech Koruna | Turkish Lira | Swedish Krona | Norwegian Krone | Singapore Dollar | Russian Ruble


    One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is using borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

    A standard account offers a maximum of 1:30 leverage. An account funded with $1,000 and 1:30 leverage allows traders to control up to $30,000 worth of positions in the market. Traders can apply for a professional account, which offers higher leverage, but the costs and platform are the same.

    With a standard account, the following leverage is available:

    • Major Forex: 1:30
    • Non-major Forex, Gold, and Major Equity Indices: 1:20
    • Commodities other than gold and non-major equity indices: 1:10
    • Shares: 1:5
    • Crypto: 1:2

    Investors with a professional account can trade with a maximum leverage of 1:300, however, they do not have ICF rights. With this degree of leverage you can control up to $300,000 worth of positions in the market with just $1,000. To qualify for a professional account, traders must show a financial portfolio of over €500,000 and relevant financial experience (note professional accounts do not have ICF rights).

    Following criteria traders need to meet to be able to open a professional account:
    1. Sufficient trading activity in the last 12 months
    2. Financial instrument portfolio of over €500,000 (including cash savings and financial instruments).
    3. Relevant experience in the financial services sector.

    Here is the available leverage for professional accounts:

    • Major Forex: 1:300
    • Major Indices, Minor Forex: 1:300
    • Commodities, Minor Indices: 1:150
    • Shares: 1:20
    • Crypto: 1:20

    Leverage is often described as a ‘double-edged sword’ because it can amplify your profits and losses. Leveraged trading comes with a high level of risk and can often result in significant losses.

    Demo Account

    A demo account in forex and CFD trading provides a simulated environment where you can practice without risking real money. It allows you to familiarize yourself with market dynamics, trading platforms, and various strategies. A demo account serves as a valuable training ground that prepares you for live trading. Starting with a demo account is a crucial step for both newcomers and seasoned traders looking to test new strategies. Plus500 offers an unlimited demo account which allows you to hone your skills without risking any money.

    Supported Countries

    Plus500 accepts clients from the majority of countries globally. However, like most CFD brokers, Plus500 does not take clients from FATF (Financial Action Task Force) countries North Korea and Iran.


    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Plus500 offers high-quality research materials and tools, from analysis in text and video format to innovative tools built into the platform.

    The Plus500 website has a section with articles covering news and market insights. These are written by in-house analysts and explore mostly fundamental themes, for example, earnings reports and central bank policy. Reports are published three or four times a week. The quality of the content is good, with helpful information and ideas. There are also some market analysis videos on the Plus500 YouTube channel.

    Plus500 News and Market Analysis
    Plus500 News and Market Analysis

    +Insights Analytics Tool

    *The content of videos available on this website is independent of Plus500

    Plus500 has some great research tools built into the platform. The Insights tool provides unique data on what traders at Plus500 are buying and selling. This information is especially valuable because the client base at Plus500 is so large (400,000 active clients across 50 countries). The tool shows community trends with lists of key data, including:

    • Most traded instruments.
    • Most profit-making positions.
    • Most loss-making positions.
    • Most bought.
    • Most sold.
    • Highest profit return from a trade.
    • Highest loss return from a trade.

    For example, the tool shows that natural gas has been the instrument with the highest profit return from a trade over the past seven days among all traders worldwide. Traders can filter results by time, location, and instrument type. You can also open a buy or sell position from the same screen within the platform.

    WebTrader Platform: Traders’ Sentiment
    WebTrader Platform: Traders’ Sentiment

    Another valuable research tool built into the platform is Traders’ Sentiment. When entering an order, you can see the percentage of clients with long positions versus those with short positions. Trader Sentiment shows when there are extremes in market sentiment – when a high percentage of traders either long or short an instrument. These can serve as an indicator of turning points in the market.

    Insights tool within the WebTrader platform
    Insights tool within the WebTrader platform

    The WebTrader platform has an economic calendar and corporate events calendar. Conveniently, Plus500 built the economic calendar into the platform rather than being only on the website. The calendar also has unique features, for example showing a list of the trading instruments related to each economic release.

    Plus500 Economic Calendar
    Plus500 Economic Calendar


    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    The educational materials at Plus500 cater well to beginners and include videos, an ebook, and an FAQ. More advanced education is available via a series of in-depth webinars.

    Plus500 Trading Academy Insert: Plus500-Trading-Academy
    Plus500 Trading Academy Insert: Plus500-Trading-Academy

    Plus500 provides an ebook called Trading with Plus500, which covers themes such as the basics of CFD trading and popular trading terms. Twelve videos explain topics like popular trading strategies and trading alerts. These videos are only a couple of minutes long, but there are more in-depth educational videos on the Plus500 YouTube channel, including the recordings of webinars.

    Webinars are hosted by a series of mentors who specialize in key areas such as trading psychology, technical analysis, and trading strategy. Presented by seasoned market experts, this material is more advanced and can cater to advanced traders.

    There is an FAQ section that can help traders get quick answers to queries ranging from the account verification process to how they can withdraw funds. Plus500 could improve by adding courses to its educational offerings.

    The Bottom Line

    Plus500 is a good option for traders looking for a stable, easy-to-use trading platform with a wide range of instruments and reasonable trading costs.

    Overall the experience with Plus500 was very positive. The WebTrader platform is one of the most intuitive and user-friendly on the market. There is an exciting range of instruments to trade, and the pricing ranges from average to competitive in most areas. Traders should be conscious of swap fees (the cost of holding a trade overnight) as they could add up to be substantial over time. Customer support via chat was excellent in its ease of use, speed of response, and quality of responses.

    General ease of use and a robust tool suite makes Plus500 an appealing choice for newbies. To begin trading, readers are advised to use the demo account first. It is not a suitable choice for algorithmic traders and scalpers who are in and out of the markets in seconds. Plus500 differentiates itself with the overall high standard of its technology and unique tools, such as the new Insights section, which draws valuable data from its massive community of clients.

    80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


    The headquarters of Plus500 Ltd is in Haifa, Israel.
    We concluded that Plus500 is a relatively trustworthy broker because multiple top-tier agencies regulate it, it has a long operating history and is a publicly traded company valued at over a billion dollars.
    Plus500 makes money mainly via the bid/ask spread. It also earns revenue from overnight financing fees and inactivity fees.
    Clients can deposit funds via Visa, Mastercard, Maestro, PayPal, Skrill, and bank wire.
    The minimum deposit to open an account is 100 units of your local currency.
    Clients can withdraw funds via Visa, Mastercard, Maestro, PayPal, Skrill, and bank wire.
    Plus500 processes withdrawals within 1 business day. Bank wires can take as long as five days due to the additional processing time of the bank.
    Under the entity of Plus500CY, for a Standard Account, the maximum leverage is 1:30.
    You can open an account via the Plus500 website within 10 minutes or so.
    Plus500 does not charge a withdrawal fee.
    With one of the most user-friendly platforms available and excellent customer service, Plus500 is a strong choice for beginners. * Beginners must use the demo account and the Trading academy to gain experience before trading with real capital due to the risks involved.
    No, since Plus500 does not offer 1-click trading, it is not suitable for scalping the market.
    Plus500 does not currently offer automated trading, backtesting or copy trading capabilities.
    No, it isn't.
    Plus500 does not currently offer spread betting.
    No, Plus500 does not offer VPS. VPS is used for automated trading, which Plus500 does not currently offer.
    Forex is available from Sunday 10:00 PM to Friday 10:00 PM. CFDs on stocks can be traded during the open hours of the exchange on which the underlying stocks are listed. Commodities and indices are tradable during the open hours of the underlying futures contracts. Cryptocurrencies are available seven days a week, from Sunday 3:00 PM – Sunday 2:00 PM.
    Yes, Plus500 is a market maker broker, meaning that it is the counterparty to your trades.
    No, Plus500 is purely a brokerage firm.

    See Plus500 Full Information

    Headquarters CountryIsrael
    Foundation Year2009
    RegulationsCySEC (Cyprus)
    Publicly TradedYes
    Number Of Employees500+
    Trading Desk TypeDealing Desk, Market Maker
    Trading PlatformsPlus500 Web Platform, Mobile Platform
    Restricted Countries
    Honduras, Egypt, Algeria, Armenia, Bahamas, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Burkina Faso, Burundi, Canada, Cape Verde, Chad, China, Congo, Costa Rica, Cote dIvoire, Croatia, Cuba, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Estonia, France, Gabon, Georgia, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, Kyrgyzstan, Laos, Lesotho, Guinea-Bissau, Guyana, Liberia, India, Indonesia, Niger, Iceland, Iran, Grenada, Guatemala, Guinea, Iraq, Afghanistan, Cayman Islands, Bermuda, Albania, Angola, Kosovo, Azerbaijan, Bangladesh, Belgium, Botswana, Brazil, Brunei, Cambodia, Central African Republic, Comoros, El Salvador, Lebanon, Ethiopia, Fiji, Gambia, Guernsey, Kiribati, Libya, Haiti, Cameroon, Democratic Republic of the Congo, Madagascar, Namibia, Mozambique, Malawi, Mali, Mauritania, Mauritius, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe, Samoa, San Marino, South Korea, Nauru, Montenegro, Malaysia, Liechtenstein, Moldova, Lithuania, Palau, Macedonia, Maldives, Micronesia, Morocco, Nepal, Nicaragua, Papua New Guinea, Peru, Gibraltar, Curacao, Tonga, Guam, Vatican City, Swaziland, Suriname, Turkey, Timor-Leste, Marshall Islands, Paraguay, Cook Islands, Antigua and Barbuda, New Caledonia, Andorra, Trinidad and Tobago, Northern Mariana Islands, Somalia, Puerto Rico, Mongolia, Slovenia, Russian Federation, Macao, Uruguay, Turkmenistan, Solomon Islands, Venezuela, Yemen, Tuvalu, Syria, Sierra Leone, Bonaire, Ukraine, Uzbekistan, Dominican Republic, Serbia, Taiwan, Mayotte, Aruba, Vanuatu, Panama, Tajikistan, Vietnam, Virgin Islands, British, Isle of Man, East Timor, Myanmar, Pakistan, Philippines, Portugal, Spain, Sri Lanka, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Faroe Islands, American Samoa, Saipan, Sint Eustatius, Tahiti, Svalbard and Jan Mayen, Anguilla, Aland Islands, Christmas Island, Cocos Islands, Montserrat, Saint Barthelemy, Saint Helena, Saint Martin, Saint Pierre, Wallis and Futuna, Niue, French Polynesia, Greenland, Monaco
    Supported Languages
    Hebrew, English, Danish, Russian, French, Dutch, Slovak, Polish, Czech, Arabic, Bulgarian, Italian, Spanish, Chinese, German, Norwegian
    Min Deposit$100
    Max Leverage1:30 (CySEC )
    Deposit OptionsWire Transfer, Moneybookers, Skrill, Credit Card, PayPal
    Withdrawal OptionsWire Transfer, Moneybookers, Skrill, Credit Card, PayPal
    Time to Withdrawal1
    Ethereum, Bitcoin, Litecoin, Bitcoin Cash, NEO, TRON, Cardano, Stellar, EOS, IOTA, VeChain, Polkadot, Chainlink, Uniswap, Solana, Polygon, Avalanche
    Options, Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingNo
    Automated TradingNo
    API TradingNo
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingNo
    Expert AdvisorNo
    Social TradingNo
    Trading SignalsNo
    Platform Languages
    Italian, Portuguese, Dutch, Chinese, Arabic, Czech, Slovak, Swedish, Turkish, Danish, Hungarian, English, French, Norwegian, Spanish, Russian, German, Bulgarian, Malaysian, Romanian, Estonian, Greek, Finnish, Croatian, Latvian, Hebrew, Polish, Slovenian
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryNo
    News (Top-Tier Sources)No
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

    Why you can trust FX Empire

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    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.
    CFD Service, 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money