Plus500 Broker Review - Features, Offers, Pros and Cons

PLUS500 REVIEW

Plus500 was founded in 2008 and is one of the largest Forex brokers in the world. It is a highly regulated broker that is also enlisted on the London stock exchange.

RATING

★★★★★ 4.8/5

4.8/5

FOUNDING YEAR

2008

MINIMUM DEPOSIT

$100

ABOUT PLUS500

Plus500 was founded in 2008 and is one of the largest Forex brokers in the world. It is a highly regulated broker that is also enlisted on the London stock exchange. The company’s headquarter is in Israel and has overseas subsidiaries in UK, Australia, Cyprus, Bulgaria, and Singapore. It is currently serving over 300,000 active customers and offers trading in Forex, CFD Stocks, Indices, Commodities, Cryptocurrencies, and ETFs. Plus500 has developed its reputation as a high turnover broker with outstanding corporate governance. The firm’s submission and motto are named sustainable and perfectionist trading services. The company strives hard to match the standards of the market and uses the latest security protocols and technology to provide the best trading environment with minimum security loopholes.

Founding Year	2008
Regulated	Yes
Rating	4.8/5
Minimum Deposit	$100

PLUS500 REGULATIONS

Plus500 is a highly regulated broker by several authorities around the globe. Their tier-1 regulators include the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investment Commission (ASIC) in Australia.

The broker provides financial security by segregating client funds and guarantees negative balance protection which indeed gives peace of mind to the traders.

COUNTRY	AUTHORITY
UK	Financial Conduct Authority (FCA)
Australia	Australian Securities and Investments Commission (ASIC)

PLUS500 ACCOUNT TYPES

Plus500 offers two types of accounts which are Retail account and Professional account. The retail account is available for UK, Europe, Singapore, and Australia. The professional account is offered to the UK and European clients who meet specific criteria of trading volume and experience. Plus500 does not accept clients from several countries including the US, Turkey, Pakistan, India, and so forth. Plus500 offers guaranteed stop-loss on both accounts and their accounts are not subject to spread amount instead the spread varies on each individual asset

PLUS500 TRADING PLATFORMS

Plus500 does not offer a third party trading platform. It has developed its own unique Forex trading platform that can be downloaded for Windows or used online as their web-based trader. There are also apps for iPhone, iPad, Android, and Windows phones. The platform provides real-time market quotes and charting of popular stocks, currency pairs indices, and cryptocurrencies.

PLATFORM	AVAILABILITY
Proprietary Platform	Yes
MT4/MT5 (Windows/MAC)	No
Mobile Platform (Android/IOS)	Yes

PLUS500 LEVERAGE

Plus500 offers 1:300 leverage on Forex and CFD Indices. Leverage on gold is 1:150 while on Crude oil it is 1:100. On other commodities, the leverage range is between 1:100 to 1:200. On individual stocks, leverage is 1:2. Finally, on Cryptocurrencies the leverage ratio is 1:20.

PRODUCT	MAX LEVERAGE
FOREX	1:300
COMMODITIES	1:100
CRYPTO	1:20

PLUS500 PRODUCTS

Plus500 offers a wide range of products to its client. It offers 81 ETFs, 10 cryptocurrencies, and a Crypto index that measures the performance of the top 10 cryptocurrencies. There are also 64 major and minor currency pairs, 26 indices, 20 commodities which include precious metals like Gold and Silver, and Energies like Crude oil and Natural Gas.

There are over 1200 CFD shares from 23 different markets and a large range of options. Overall there are approximately 2,000 instruments to trade.

PRODUCTS	AVAILABILITY
Multi Assets	Yes
Forex	Yes
Crypto	Yes
CFD Stocks	Yes
CFD Indices	Yes

PLUS500 SPREAD & COMMISSION

Plus 500 offers considerably tight spreads for most assets. The minimum spread on the major currency pairs is 0.6 pip which goes up to 1.8 pips on crosses like EUR/GBP. The minimum spread on indices is 2 pips while on individual CFD stocks the spread starts from 1.8 pips onwards.

Plus500 has a slightly higher spread on cryptocurrency which can go up to 0.40% of the coin value. The company relies only on the spread income and does not charge any commission.

PRODUCT	SPREAD RANGE
Forex	0.7 - 1.2
Commodities	0.3 - 2.5
Indices	1 - 2.0

PLUS500 DESPOSIT & WITHDRAWAL

Plus500 offers a wide range of payment options namely credit and debit cards, bank transfer, and e-wallets like PayPal and Skrill. Plus500 doesn’t charge any fees for deposits or withdrawals. However, a fee of $10 does apply if you exceed the maximum number of monthly withdrawals which is five. A conversion fee may also apply for the international credit card, transactions, or currencies that are not supported by the Plus500, This fee will be determined by your payment provider or bank.

The deposit or withdrawal limit varies depending on the chosen payment method which is displayed on your account dashboard. The transactions made from credit cards or e-wallets are instantly applied to your account. However, wire transfers may take up to 7 days depending on your location

METHOD	AVAILABILITY
Credit/Debit Card	Yes
Wire Transfer	Yes
E-Wallets	Yes
Crypto	No

PLUS500 REVIEW SUMMARY

Plus500 is considered to be an excellent broker by investors who are interested in trading CFDs. It is ideal for advanced and beginners traders alike thanks to its blend of educational support and a long list of the trading instrument which includes Forex, Commodities, Stocks, Indices, Cryptocurrencies, and so forth. Plus500 is highly regulated so you can bank on the fact that their details and funds are fully protected and secured. The trading cost with Plus500 is very reasonable as they offer low spreads and commission-free accounts. However, their proprietary trading platform is slightly on the lower side as it does not provide advanced technical analysis tools and limits the use of automated trading systems. But this alone should not overshadow the quality trading services Plus500 is providing for more than a decade.