Plus500 Information
Plus500 is an online trading platform that offers 2,800 Contracts for Difference (CFDs) on cryptos, indices, forex, commodities, shares, and ETFs. It was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.
Pros & Cons
Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.
However, traders who require MT4 and MT5 trading platforms, or do not want to pay for an inactivity fee may need to consider other brokers.
Is Plus500 Legit?
Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base.
However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.
How are you protected?
Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients.
Here is a table outlining how Plus500 protects its clients:
Our Conclusion on Plus500 Reliability:
Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers risk management tools to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.
However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.
Market Instruments
Plus500 offers 2,800 CFDs, including 65 Forex CFDs, 1,623 Stocks CFDs covering equities from global markets, 34 Indices CFDs on major indices like the S&P 500, Nasdaq, and FTSE 100, 23 Commodities CFDs on precious metals, energies, and agricultural products, as well as Cryptocurrencies CFDs on popular digital assets such as Bitcoin, Ethereum, and Litecoin.
Accounts
Plus500 offers two types of accounts: a live trading account and a demo account.
The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,800 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.
The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.
Leverage
Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.
For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.
It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.
Spreads & Commissions
Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads for major currency pairs like EUR/USD is to 0.00016. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.
Trading Platforms
The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.
The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.
Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:
Deposits & Withdrawals
Plus500 accepts payments via Visa, MasterCard, PayPal, Skrill, Apple Pay, and Google Pay.
Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.
Minimum Deposit Requirement
The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit is $100. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.
Plus500 minimum deposit vs other brokers
Fees
Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.
The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.
It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.
Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.
See the fee comparison table below:
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
Plus500 also offers two additional proprietary platforms, namely Plus500Futures and Plus500 Invest, with Plus500Futures primarily focusing on futures trading.
Plus500Futures Review
Plus500US is the exclusive Futures trading platform of the global Plus500Ltd, available only for US clients. Claimed to operate under CFTC and NFA oversight, Plus500US offers U.S. customers access to markets like cryptocurrencies, Equity Index, Energy, Metals, Forex, Agriculture, and Interest rates via Futures.
You get diverse market access via a wide range of contracts: Trade CME-listed futures such as Gold, Bitcoin, S&P, and more, in addition to real-time market data, allowing you to access accurate and timely market information, and 24/5 access to trade global markets during active hours.
Plus500 offers flexible payment methods, among which are Google Pay, Apple Pay, and debit cards with a minimum deposit of $100.
A commission-free welcome bonus of up to $200 is also available (T&Cs apply).
Plus500US offers zero fees for platform access, market data, and order routing. Intraday margins are competitive, with products like Ether futures starting at $20, giving traders affordable access to leveraged futures.
The Futures Academy includes free materials for all skill levels. Live webinars provide strategy training from professionals. 24/7 live chat support is available for trading or technical questions - no phone calls needed.
The platform is easy to use, built for both beginners and experienced traders. It works well on both desktop and mobile. It includes key features like:
- Stop loss and trailing stops
- Auto-liquidation for risk control
The Plus500 Futures platform is offered by Plus500US and is available only to US traders.
Plus500 Invest
The platform supports share dealing with access to over 2,700 financial instruments, includes free market data, and offers dedicated 24/7 customer support.
*Note: Plus500 Invest is currently available in select countries.
Additional features:
• No charges for withdrawals
• No fees for deposits
• Competitive trading commissions
• No platform usage charges
• No custodial fees
• Integrated analytical charts and drawing tools (included)
• Support for multiple order types: market, stop, and limit orders
• Notifications via email, SMS, and push for order updates, corporate actions, and announcements (included)
Education
Plus500 provides rich educational resources on their website, which includes trading academy, trader's guide, beginner's guide, webinars, ebook, FAQ, and news. The educational resources cover topics such as trading basics, technical analysis, and risk management.
Conclusion
Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with 24/7 support.
However, Plus500 does have some drawbacks, such as no popular MT4/5, limited contact channels and relatively high inactivity fees.
In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.
Frequently Asked Questions (FAQs)
凱61622
Taiwan
Keep asking me to pay margin and verification fee, but I still cannot withdraw after paying it. The payment is stucking there and delaying it.
Exposure
2023-12-11
翔67735
Taiwan
At first, I paid a lot of money because I applied for a VIP account and solved the problem of freezing the account. Later, I said that there was a problem with my account and I could not withdraw the amount I needed. I need to clear all the money in the account and transfer it to the bank without authorization. Later, he said that the bank requires payment of a confirmation fee before remittance, and finally asked the payment question but could not read it.
Exposure
2023-12-11
翔67735
Taiwan
Continuing from the previous post. They sent the money out to the bank for transfer without authorization, and continued to ask for confirmation money, process money... At the end, they said that the tax authority froze all the money, but still required the payment of the process fee to complete the trasfer, a total of 90K USD, not a penny was refunded
Exposure
2023-12-11
Chi-ming
Hong Kong
Plus500's mobile trading app is one of the best in the industry, fast, reliable, and has all the features of the desktop platform. Plus500's spreads are generally stable and do not widen significantly during volatile market conditions. This gives me more confidence. I would give it 10 stars!
Positive
2024-04-28
Cristian Israel
Mexico
Before redeem it has to wait for a long time ???? Yes I think people stealing hit something, I see photos.
Exposure
2023-12-11
鎮元
Taiwan
At the beginning, you can withdraw as much as $300. If it exceeds 10,000, you need to pay a deposit and a miner’s fee. At the beginning, it said that you can withdraw within 5 to 10 minutes after paying deposit. After paying the deposit, it said that you need to pay a miner’s fee.
Exposure
2023-07-14
谢家少爷《二》
Singapore
The 24/7 service provided by PLUS500+ is really great. I can directly ask the online customer service for any questions I encounter, and get answers quickly.
Neutral
2023-03-02
FX1218511020
Netherlands
Plus 500 is a respectable broker, and I have been using it for years. I highly appreciate Plus 500’ customer support, responsive and helpful. Thanks my account manager, professional and patient. I also learned a lot on this platform.
Positive
2023-02-21
给点阳光就灿烂
Peru
I am a little confused. As far as I know, Plus500 is a well-known and big forex broker, but now I can't even open their website. I see some complaints against the bad behavior of the company, but I find it hard to believe...
Neutral
2023-02-14
Ricci Leonardo
Nigeria
Compared with other brokers, the information of this broker is still not transparent enough. They do not even disclose the information about the trading conditions that traders are most interested in on the official website, and they do not reveal which trading platform to provide. Maybe just a web-based trading platform is provided.
Neutral
2023-02-13
FX2403865430
United Arab Emirates
Plus500 are so kind with beginners but theyre so scammers frauds and thieves if you are professional, first you will deposit ur money then they will let you trading, if u get profit, they will not allowed u to withdraw it, they will restrict your acconunt then create any reason to take all ur profits and send you not all of ur real money you deposited,
Exposure
2023-02-12
枫林听雨说
Taiwan
If it weren't for wikifx, I would really trust this company! It has licenses from several regulators and is in good order...how could I have thought he was actually a liar? Forex trading scams are hard to detect!
Neutral
2022-12-14
FX1143082639
United Kingdom
I honestly think the PLUS500+'s website looks great, but wikifx has a lot of complaints from victims. I hope they can recover the funds soon, and also thank wikifx for helping me avoid fraud.
Neutral
2022-12-13
花开富贵76188
Hong Kong
I made an investment on forex trading using this platform and made a small profit. This broker's customer support is quick to response. The only negative part is the withdrawal time is a little slow than brokers I used before.
Neutral
2022-11-15
FX2563610449
Hong Kong
There is no problem with depositing money in the morning, but in the afternoon, you cannot log in. A fraudulent company.
Exposure
2022-07-27
FX2563610449
Hong Kong
Plus500+ invalidates account deposits, withdrawals are not allowed Plus500 (investment app) will invalidate account deposits, including profits/losses/principal, all confiscated and voided. They use the terms of service (in English, no Chinese version) to suddenly freeze accounts and invalidate deposits, simply stating 'you violated the terms.' In reality, I had been using Plus500 for a year. Initially, I traded with small amounts, and deposits/withdrawals worked normally, so I began to trust Plus500 and deposited more funds into the account. Unexpectedly, once you start depositing larger amounts, Plus500 freezes the account (I deposited money on May 2, and the account was frozen on May 18—see attached screenshot). They only claimed I violated the terms and confiscated/voided the deposits. In fact, over the past year, my trading behavior was consistent. When the account had small funds, there were no issues, but once the balance grew, they suddenly accused me of violating the terms. Looking at my annual report (see attached screenshot), I was actually losing money on average. I don’t understand how they can justify this by claiming 'the investment was favorable to me' under their terms and then invalidate my account—including the deposited principal.
Exposure
2022-06-01
FX57947855
United States
The Australian Cyber Security Centre have stated Plus500net are scammers. Do not open any emails from Plus500 they are either from the Turkey group of scammers or the Phillipines. Stay aware complaint to AssetsClaimBack advisory might be of aid for victims .Do not pick up any calls from them as they use spoofing technology to make it appear they are calling you from the country you live in.
Exposure
2022-05-24
FX3464800242
Germany
After trading with plus500 for a year I still can't get my balance out after paying taxes. Customer care informed me that my trading account had been frozen due to a 120,000USDT deposit by a third party. This was against anti-money laundering regulations. If I wanted to withdraw, I needed to deposit $2500USDT into my account.
Exposure
2022-05-24
FX2626746956
United States
This company runs a manipulated system, they make sure you don’t make profits. If you’re fortunate enough to make huge profits they deny you withdrawal until you involve companies like Traceasset.wiki like I did in my case to get out 80% of my assets , another trick they use is to suspend your account without genuine reasons
Exposure
2022-05-23
FX3464800242
Germany
I lost 120,000 US$ over 1 a year by trading with Plus500 platform, it started last year and it was easy to become a user, in the beginning i made some money, but soon it started to turn to a nightmare, more and more irregularities showed up, failed access to my account when i received margin calls, i filed a complaints to AFCA and was let down. I realized that they are alot of cloned Plus500 platform but unlucky me i fell for the wrong platform, i had to request a chargeback from an Australian firm in my title which led to a new good beginning i stop trading entirely and focus on saving my money myself, please stay safe and stop wasting your money on this scammers glad i made a final good decision.
Exposure
2022-05-20