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Plus500

Forex broker
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82% 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.

About

Plus500 is an online trading platform that offers access to a range of financial instruments, including CFDs on forex, stocks, indices, commodities, and cryptocurrencies. Broker is a market maker, which means that it provides its own liquidity for its clients' trades through its proprietary trading platform.

Company is headquartered in Israel and is authorized and regulated by a number of financial regulators around the world.

Plus500 offers its clients a range of trading accounts, including a retail account and a professional account, as well as a range of advanced trading tools and features, such as real-time market data, analysis tools, and advanced order types. Negative balance protection is available for some retail clients.

Regulation and Security

Plus500 (Plus500CY Ltd authorized & regulated by CySEC (#250/14)) is a regulated online trading platform that provides access to a wide range of financial instruments including CFDs on forex, commodities, stocks, and cryptocurrencies. The company is authorized and regulated by several financial regulatory authorities around the world, including:

  • The Financial Conduct Authority (FCA) in the United Kingdom
  • The Australian Securities and Investments Commission (ASIC) in Australia
  • The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
  • The Monetary Authority of Singapore (MAS) in Singapore

Plus500 takes the security of its clients' funds very seriously, and therefore it has implemented several security measures to protect its clients' funds and data. These measures include:

Segregated client accounts Clients' funds are kept in segregated bank accounts separate from its own operating funds. This ensures that clients' funds are protected in the event of Plus500's insolvency.

SSL encryption SSL encryption is used to protect clients' data during transmission over the internet. This ensures that clients' data cannot be intercepted and accessed by unauthorized parties.

Two-factor authentication Two-factor authentication is offered as an additional layer of security for clients' accounts. This requires clients to enter a unique code sent to their mobile phone in addition to their password to access their account.

Anti-money laundering (AML) and Know Your Customer (KYC) policies Strict AML and KYC policies are in place to prevent money laundering and other financial crimes. These policies require clients to provide identification documents and proof of address before they can open an account with the broker.

In summary, Plus500 is a regulated online trading platform that takes the security of its clients' funds and data seriously. The company has implemented several security measures to protect its clients, including segregated client accounts, SSL encryption, two-factor authentication, and strict AML and KYC policies.

Fees

Plus500 charges fees in a few ways:

Spread Charges a spread, which is the difference between the buy and sell prices of a financial instrument. This spread varies depending on the instrument being traded, market conditions, and other factors.

Overnight financing Overnight financing fees are charged for positions held overnight. This fee is calculated based on the size of the position, the interest rate of the underlying asset, and the relevant margin.

Inactivity fee An inactivity fee is charged of $10 per quarter (3 months) if there are no trades or open positions on the account during that period.

Deposit / Withdrawal fees Plus500 doesn’t charge deposit & withdrawal fees.

It's important to note that Plus500 does not charge any commissions on trades. Instead, the fees are included in the spread. This broker also offers a free demo account, which allows traders to practice trading with virtual funds without risking their own money.

Tradable Assets

Plus500 offers a wide range of tradable assets across various markets, including:

Forex CFDs on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and more.

Stocks CFDs on stocks of companies listed on major exchanges such as the NYSE, NASDAQ, LSE, and more.

Commodities CFDs on commodities such as gold, silver, oil, natural gas, and more.

Indices CFDs on indices such as the S&P 500, NASDAQ 100, FTSE 100, and more.

Cryptocurrencies CFDs on cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more.

Trading CFDs carries a high level of risk and may not be suitable for all investors. Plus500 also offers a free demo account, which allows traders to practice trading with virtual funds without risking their own money.

Trading Platforms

Plus500 offers a proprietary trading platform that is available as a web-based platform and mobile app for iOS and Android devices. The Plus500 platform is user-friendly and offers a range of features, including:

Advanced charting tools A range of charting tools, including multiple timeframes, technical indicators, and drawing tools.

Risk management tools A range of risk management tools, including stop loss, take profit, and trailing stop orders, to help traders manage their risk.

Real-time news and alerts Real-time news and alerts to help traders stay up-to-date with the markets.

Multiple languages The platform is available in multiple languages, including English, Spanish, German, French, Italian, and more.

Demo account A free demo account, which allows traders to practice trading with virtual funds without risking their own money.

In addition to the web-based platform and mobile app, Plus500 also offers a desktop version of the platform for Windows and Mac computers. The desktop platform offers the same features as the web-based platform and mobile app, but with the added convenience of a standalone application.

Account Types

Plus500 offers two types of trading accounts: a demo account and a live account.

Demo Account A free demo account, which allows traders to practice trading with virtual funds without risking their own money. The demo account has no time limit and provides access to all the features of the platform. Traders can use the demo account to test their strategies, learn how to use the platform, and get familiar with the markets.

Live Account The live account is a real trading account that allows traders to trade with real money. To open a live account, traders need to complete the registration process, provide the necessary documents to verify their identity, and deposit funds into their account.

Plus500 offers two types of live accounts:

Retail Account The retail account is the standard account type offered by the broker. It has no minimum deposit requirement and offers access to all the markets and features of the platform.

Professional Account The professional account is designed for experienced traders who meet certain criteria. To qualify for a professional account, traders must meet certain experience and trading volume requirements. Professional account holders benefit from higher leverage limits and lower margin requirements.

Educational Tools

Plus500 offers several educational tools for traders, including:

Demo Account A free demo account, which allows traders to practice trading with virtual funds without risking their own money. The demo account provides access to all the features of the platform and can be used to test trading strategies, learn how to use the platform, and get familiar with the markets.

Trading Guides A range of trading guides that cover topics such as technical analysis, fundamental analysis, risk management, and trading psychology. The guides are designed to help traders improve their trading skills and make more informed trading decisions.

Economic Calendar Provides an economic calendar that displays upcoming economic events and their potential impact on the markets. The calendar can help traders stay up-to-date with important economic news and make more informed trading decisions.

Educational Videos A range of educational videos that cover a variety of trading topics, including how to use the platform, how to trade CFDs, and how to develop trading strategies.

Platform Tutorial Provides a platform tutorial that guides traders through the various features of the platform, including how to open and close trades, how to use the charting tools, and how to manage risk.

Overall, Plus500's educational tools are designed to help traders improve their trading skills, make more informed trading decisions, and get the most out of the platform.

Customer Support

Plus500 offers customer support through several channels, including:

Live Chat Live chat is available 24/7 and provides instant support to traders. The live chat feature is available on the platform and on the Plus500 website.

Email Support Traders can also contact Plus500's customer support team via email. Company provides a dedicated email address for customer support queries, and the team aims to respond to all queries within 24 hours.

FAQ Clients and users are offered with an extensive FAQ section on the broker website, which covers a range of topics related to the platform, trading, and account management.

To sum up, Plus500's customer support is comprehensive and provides traders with multiple channels to get help and support. The 24/7 live chat feature is particularly useful for traders who need instant support. Dedicated email address provides additional options for traders to get in touch with the customer support team.

Bonus and Promo

Plus500 does not currently offer any bonuses or promotions to traders.This is due to regulatory restrictions in many jurisdictions, which prohibit brokers from offering bonuses or incentives to encourage trading activity.

Instead, Plus500 focuses on providing a competitive trading environment with tight spreads, no commission fees, and a range of risk management tools to help traders manage their risk. Additionally, Plus500 offers a free demo account, which allows traders to practice trading with virtual funds before trading with real money.

While there are no bonuses or promotions available, traders can take advantage of Plus500's competitive pricing and risk management tools to improve their trading results.

Account Opening

To open an account with Plus500, you can follow these steps:

1 - Go to the Plus500 website Visit the Plus500 website at www.plus500.com.

2 - Click on "Start Trading Now" Click on the "Start Trading Now" button on the top right-hand corner of the website.

3 - Fill out the registration form Fill out the registration form with your personal information, including your name, email address, and phone number. You will also need to choose a password for your account.

4 - Verify your email address Plus500 will send a verification email to the email address you provided. Click on the link in the email to verify your email address.

5 - Complete the verification process To comply with regulatory requirements, Plus500 will ask you to complete a verification process. You will need to upload a copy of a government-issued ID and a proof of address, such as a utility bill or bank statement.

6 - Fund your account Once your account is verified, you can fund your account using a variety of payment methods, including credit card, bank transfer, or electronic wallet.

7 - Start trading With your account funded, you can start trading on the Plus500 platform. Plus500 offers a range of tradable assets, including forex, stocks, commodities, indices, and cryptocurrencies.

Trading on Plus500 involves risk and may not be suitable for all traders. Before trading, it's important to understand the risks involved and to have a solid trading plan in place.

Deposit and Withdrawal

Plus500 offers a range of deposit and withdrawal options to its traders. These include:

Deposit options

  • Credit or debit card: Visa, Mastercard, or Maestro.
  • Bank transfer: Traders can transfer funds directly from their bank account to their Plus500 account.
  • Electronic wallets: Plus500 supports several electronic wallets, including PayPal, Skrill, and Neteller.

Withdrawal options

  • Bank transfer: Traders can withdraw funds from their Plus500 account directly to their bank account.
  • Electronic wallets: Plus500 supports several electronic wallets for withdrawals, including PayPal, Skrill, and Neteller.

The availability of deposit and withdrawal options may vary depending on your location and the regulations in your jurisdiction. Plus500 also has minimum deposit and withdrawal amounts that vary depending on the payment method used. Additionally, Plus500 processes most withdrawal requests within one business day, but the time it takes for funds to reach your account may vary depending on the payment method used and your bank or electronic wallet provider. Overall, Plus500 provides traders with a range of deposit and withdrawal options to suit their needs, and most withdrawal requests are processed quickly.

Spreads

Plus500 offers competitive spreads on its tradable assets. The spreads vary depending on the asset being traded and market conditions, but they are typically low and fixed. This means that traders can enter and exit positions with certainty about the cost of trading.

For example, on major currency pairs like EUR/USD, Plus500 offers spreads as low as 0.6 pips. On stocks, Plus500 offers spreads as low as 0.1%. On indices, spreads can be as low as 0.4 points.

It's important to note that while low spreads can be attractive to traders, they are not the only factor to consider when choosing a broker. Other factors like regulatory compliance, security, customer support, and trading platforms are also important considerations.

Overall, Plus500 offers competitive and fixed spreads on its tradable assets, which can help traders plan and manage their trading costs.

Leverage

Plus500 offers leverage on its tradable assets, which allows traders to increase their exposure to the markets and potentially increase their profits. The amount of leverage available varies depending on the asset being traded, and it also depends on the trader's level of experience and regulatory requirements in their jurisdiction.

For retail clients in the European Union, the maximum leverage available on major currency pairs is 1:30, while for professional clients, the maximum leverage can be higher. On other assets, the maximum leverage available for retail clients can be up to 1:20, while for professional clients, it can be higher.

It's important to note that while leverage can increase potential profits, it also increases potential losses. Therefore, it's important for traders to use leverage responsibly and to have a solid risk management plan in place.

Overall, Plus500 offers leverage on its tradable assets, which can be a useful tool for experienced traders looking to increase their exposure to the markets. However, it's important to use leverage responsibly and to understand the risks involved.

Trading Hours

Plus500 offers trading on its platform 24 hours a day, 7 days a week. This means that traders can open and close positions at any time, including outside of traditional market hours.

However, the availability of specific assets for trading may vary depending on the market hours of the underlying exchange or market. For example, stocks are typically only available for trading during the market hours of the relevant exchange.

Additionally, Plus500 may adjust its trading hours to reflect changes in the underlying markets or exchange schedules. Traders can view the current trading hours for each asset on the Plus500 platform, which will reflect any adjustments made by the company.

Overall, Plus500 offers traders the flexibility to trade on its platform 24/7, but the availability of specific assets may vary depending on market hours and other factors. Traders should always be aware of the trading hours for each asset they are interested in trading.

Advantages

User-Friendly Trading Platform Plus500 has a user-friendly platform that is easy to navigate, even for beginners. The platform is available in over 30 languages and offers customizable features, including charting tools, technical analysis indicators, and risk management tools.

No Commission Fees Plus500 does not charge any commission fees for trading CFDs, which can save traders money on transaction costs.

Competitive Spreads Plus500 offers competitive spreads on a wide range of financial instruments, which can help traders get the best prices for their trades.

Free Demo Account Plus500 offers a free demo account for traders to practice their trading strategies and test the platform without risking real money.

Regulated Broker Plus500 is regulated by several regulatory bodies, including the UK's Financial Conduct Authority (FCA), which provides traders with some level of security and protection.

24/7 Customer Support Plus500 offers 24/7 customer support in several languages, including live chat and email support.

Guaranteed stop loss A guaranteed stop loss feature, which ensures that traders can exit a trade at their desired price, even if the market moves against them.

Risk management tools A range of risk management tools, including stop loss, take profit, and trailing stop orders, to help traders manage their risk.

Disadvantages

Limited Product Offering Plus500 primarily offers CFDs on a range of financial instruments. While this can be advantageous for traders who want to diversify their portfolios, it may not be suitable for those who want to trade traditional securities, such as stocks, bonds, or mutual funds.

No MetaTrader Support Plus500 does not offer MetaTrader, which is a popular third-party trading platform used by many traders. This can be a disadvantage for traders who are accustomed to using MetaTrader or who prefer its features.

Limited Educational Resources Plus500 does not offer as many educational resources as some other brokers, which can be a disadvantage for new traders who need more guidance and support.

Inactivity Fees Plus500 charges an inactivity fee of $10 per quarter if the trader does not place any trades or login to their account for three months or more. This can be a disadvantage for traders who may not trade frequently or who may take breaks from trading.

Limited Deposit/Withdrawal Options Plus500 offers limited deposit and withdrawal options, which can be a disadvantage for traders who prefer to use other payment methods or currencies.

Summary

$100
Minimum Deposit
up to 1:300
Maximum Leverage
FCA / CySEC / ASIC / MAS
License
Visa / Mastercard / Bank transfer / PayPal / Skrill / Neteller
Deposit / Withdrawal Options
The Plus500 platform
Trading Platform
Demo / Live (Retail / Professional accounts)
Accounts
0.8 pips
Spreads
CFDs on Indices / Forex / Commodities / Stocks / ETFs / Options / Cryptocurrencies / Futures ( U.S. residents only )
Tradable Assets
Market maker
Liquidity Provider
Yes
Affiliate Program
Yes
Mobile Trading
24/
Client Support
Please note that trading carries risks, and traders should always conduct their own research and risk assessment before opening an account with any broker.

Contact Information