CFD service. 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 review 2024
Investing options: 4.5
Platforms & usability: 4.4
Products, markets, & assets: 4.8
Safety & reliability: 4.6
Deposits & withdrawals: 4.3
Research & analysis tools: 4.4
Fees & costs: 4.3
Education & learning resources: 4.4
Plus500 review Summary
Prash Raval
Financial Writer
- Forex
- Trading
- Stocks
- Investing
- Football
Our opinion of Plus500
Plus500 is a top rated online brokerage platform that allows you to trade a wide range of markets using CFDs. It’s one of the best known multi-asset trading platforms in the world. Unlike similar platforms, Plus500 also allows you to trade cryptocurrencies via CFDs, making it a popular choice for day traders.
With thousands of markets to choose from and an abundance of educational content and tools, Plus500 is an excellent option for anyone looking to take their trading to the next level. This Plus500 review takes a closer look at the broker. We’ve investigated the various features and tools available to help you decide if it’s the right trading platform for you.
Plus500 highlights
Features | Plus500 summary |
---|---|
No. of tradable assets | 2800+ |
Min. Deposit | $100 |
ID verification required | Yes |
Free demo account | Yes |
Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | FSA, ASIC, FMA, FCA, CySEC |
View more > | Plus500 > |
Pros & Cons
Pros:
Cons:
Can I open an account with Plus500?
Yes, residents of United Kingdom can open an account with Plus500.
No, residents of United Kingdom cannot open an account with Plus500. Consider trying our best-rated broker in , . Find the best broker in
CFD service. 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.
Investing options 4.5
What can I do with Plus500?
Plus500 allows CFD trading with cryptocurrencies, alongside many other assets and securities, such as commodities, forex, indices, stocks, and ETFs.
Contract For Difference (CFD) trading, is a popular trading technique where you trade against changes in value without owning the underlying asset. This allows you to trade with leverage (although leverage offered on crypto trading is much lower than with other options). Trading cryptocurrencies with leverage can help maximise your profits, but it will also lead to increased losses if the market moves against you.
This means that something you can’t do on Plus500 is buy cryptocurrencies – if you actually want to own the coins you will have to use an exchange or a cryptocurrency broker. The platform allows you to make quick trades relating to the change in value of a range of different coins It also allows you to use many techniques and tools to capitalise on the market, which are covered in more detail below.
What accounts does Plus500 offer?
Plus500 offers two basic account types: demo and live accounts. While a demo account can be opened for free and allows you to test the platform without risking money, a live account requires that you deposit at least 100 USD. There are also other features offered by the platform:
Account type | Plus500 accounts | eToro accounts | Coinbase accounts |
---|---|---|---|
Trading platform | Yes | Yes | Yes |
Crypto staking | No | Yes | Yes |
Crypto wallet | No | Yes | Yes |
Money management | Yes | Yes | No |
Spread betting broker | No | No | No |
View more > | Plus500 > | eToro > | Coinbase > |
Products, markets & assets 4.8
What products and assets can you trade on Plus500?
Plus500 is a multi asset brokerage platform and has a range of different markets you can trade. Its stocks section is where you’ll find the most assets, with over 1,800. There is also a good selection of CFDs covering forex pairs, cryptocurrencies, indices, ETFs, and commodities.
Product | Plus500 assets | eToro assets | Coinbase assets |
---|---|---|---|
Stock CFDs | 1,800+ | 3117 | – |
ETF CFDs | 100+ | 317 | – |
Forex CFDs | 50+ | 49 | – |
Crypto CFDs | 40+ | 73 | – |
Index CFDs | 20+ | 20 | – |
Commodity CFDs | 20+ | 26 | – |
View more > | Plus500 > | eToro > | Coinbase > |
Note that all listed instruments on Plus500 are available to trade as CFDs.
What leverage trading options are there?
The available leverage on Plus500 varies depending on the asset you’re trading and your location. For example, in the EU, it is possible to obtain up to 1:30, unless you’re classed as a professional.
Product | Plus500 maximum leverage | eToro maximum leverage | Coinbase maximum leverage |
---|---|---|---|
Stock CFDs | 1:5 | 1:5 | – |
ETF CFDs | 1:5 | 1:5 | – |
Forex CFDs | 1:30 | 1:30 | – |
Crypto CFDs | 1:2 | 1:2 | – |
Index CFDs | 1:20 | 1:10 | – |
Commodity CFDs | Up to 1:20 | 1:10 | – |
View more > | Plus500 > | eToro > | Coinbase > |
What are the spreads?
The spread is the difference between the ask and bid price; the closer these numbers are, the better. Plus500 is not too transparent on the specific spreads for each market, although it promises ‘tight spreads’.
However, you also need to consider that spreads can be dynamic and move based on market trends. Spreads are also different for each asset class.
Product | Plus500 spreads | eToro spreads | Coinbase spreads |
---|---|---|---|
Stock CFDs | 0.10% | 0.15% | – |
ETF CFDs | 0.10% | 0.15% | – |
Forex CFDs | 0.8 pips | From 1 pip | – |
Crypto CFDs | 2% | 1% | – |
Index CFDs | 0.20% | From 0.75 points | – |
Commodity CFDs | 0.50% | From 2 pips | – |
View all tradable assets > | Plus500 > | eToro > | Coinbase > |
Plus500 trade sizes and limits
The minimum trade sizes vary depending on what asset you’re trading. With forex, for example, you can use micro lots (0.01 lots). For shares, the minimums are higher and depend on what stock you’re buying or selling. Below is the minimum trade size for each asset class on Plus500.
Product | Plus500 minimum trade | eToro minimum trade | Coinbase minimum trade |
---|---|---|---|
Stock CFDs | $10 | $10 | – |
ETF CFDs | $10 | $10 | – |
Forex CFDs | 0.01 lots | $33.34* | – |
Crypto CFDs | $0.10 | $10 | – |
Index CFDs | $10 | $1,000 | – |
Commodity CFDs | $10 | $1,000 | – |
View more > | Plus500 > | eToro > | Coinbase > |
Stocks
Which stocks are available on Plus500?
On Plus500 you can trade over 2,800 stocks and ETFs from some of the world’s largest and most popular exchanges. Here is a look at how many stocks are available on Plus500 from various countries.
Country | No. of stocks on Plus500 |
---|---|
United States | 543 |
United Kingdom | 63 |
Germany | 47 |
France | 33 |
Japan | 27 |
Canada | 19 |
Australia | 13 |
Switzerland | 12 |
Netherlands | 7 |
Spain | 6 |
Italy | 4 |
Belgium | 4 |
Finland | 2 |
Austria | 2 |
Portugal | 4 |
Poland | 4 |
Greece | 3 |
Norway | 7 |
Sweden | 6 |
Denmark | 14 |
South Africa | 21 |
Singapore | 14 |
View more > | Plus500 > |
Note that all listed instruments on Plus500 are available to trade as CFDs.
What are the fees for buying and selling stocks?
As Plus500 is a CFD broker, there are no fees directly associated with buying or selling stocks. However, you will need to pay the spread, which can fluctuate, and is different for each share. The average spread on stocks for Plus500 is around 0.10%.
Crypto
What cryptocurrency pairs can be traded on Plus500?
There are 19 crypto CFDs available on Plus500. Along with the biggest coins like Bitcoin and Ethereum, there is a small choice of altcoins. Here’s a look at the cryptocurrency pairs on Plus500.
Cryptocurrency | Cryptocurrency | Cryptocurrency |
---|---|---|
Bitcoin (BTC) | Ethereum (ETH) | Litecoin (LTC) |
Stellar (XLM) | Cardano (ADA) | NEO (NEO) |
EOS (EOS) | IOTA (MIOTA) | Solana (SOL) |
VeChain (VET) | Polygon (MATIC) | Polkadot (DOT) |
Axie Infinity (AXS) | Uniswap (UNI) | Filecoin (FIL) |
Chainlink (LINK) | ||
View more > | Plus500 > |
Note that all listed instruments on Plus500 are available to trade as CFDs.
What are the fees for buying and selling cryptocurrencies?
Like other markets on Plus500, there are no direct trading fees for cryptocurrency. However, you will be charged a spread, which is variable for each crypto pair. The average cryptocurrency spread on Plus500 is 2%.
Does Plus500 offer staking and rewards?
No, Plus500 is a CFD broker and does not offer staking and rewards. It only allows you to go long or short on the cryptocurrencies it offers.
Forex
What forex pairs can be traded on Plus500?
Plus500 has a good choice of forex pairs available. Along with the majors, you can trade the minors and some exotics. Here’s a look at some of the forex trading pairs on Plus500.
Currency pair | Currency pair | Currency pair |
---|---|---|
EUR/USD | EUR/GBP | EUR/AUD |
EUR/CAD | EUR/CHF | GBP/USD |
AUD/USD | NZD/USD | USD/CAD |
USD/CHF | USD/JPY | AUD/CAD |
AUD/CHF | AUD/JPY | AUD/NZD |
CAD/CHF | CAD/JPY | CHF/JPY |
EUR/JPY | GBP/AUD | GBP/CAD |
GBP/CHF | GBP/JPY | GBP/NZD |
NZD/CAD | NZD/CHF | NZD/JPY |
USD/SGD | AUD/SGD | EUR/SDG |
GBP/SGD | CHF/DKK | CHF/HUF |
CHF/NOK | CHF/SEK | EUR/CZK |
EUR/DKK | EUR/HUF | EUR/MXN |
EUR/NOK | EUR/PLN | EUR/SEK |
EUR/ZAR | GBP/DKK | GBP/NOK |
GBP/SEK | GBP/THB | GBP/ZAR |
USD/CZK | USD/DKK | USD/HKD |
USD/NOK | USD/PLN | USD/RON |
USD/SEK | USD/ZAR | SGD/JPY |
DKK/NOK | SEK/NOK | |
View more > | Plus500 > |
Note that all listed instruments on Plus500 are available to trade as CFDs.
What are the minimum spreads for trading forex?
Forex spreads on Plus500 are variable, which means they can change depending on market conditions. The average spread for forex Plus500 is 0.8pips.
Commodities
What commodities can be traded on Plus500?
There are over 20 commodities available on Plus500. You can trade precious metals like gold and silver, oil, and grains like wheat. Below are all of the commodities Plus500 offers.
Commodity | Commodity | Commodity |
---|---|---|
Gold | Silver | Brent oil |
Heating oil | Palladium | Platinum |
Corn | Gasoline | Natural gas |
Lean hogs | Wheat | Live cattle |
Sugar | Cocoa | Soybeans |
Cotton | ||
View more > | Plus500 > |
Note that all listed instruments on Plus500 are available to trade as CFDs.
What are the minimum spreads for trading commodities?
The minimum spread for commodities on Plus500 is 0.50%. For the larger commodities such as gold and oil, spreads are generally tighter than compared to the likes of Soybeans and Cotton.
Deposits & withdrawals 4.3
What are the minimum & maximum deposits?
For deposits, Plus500 allows a minimum deposit of 100 units equivalent to the local currency depending on your country. If you are trading cryptocurrency in the UK for instance, then your minimum deposit will be a minimum of £100.
The maximum limits will be dependent on your source of deposit, with bank transfers offering the highest deposit limits.
Payment method | Minimum deposit (USD)* | Maximum deposit (USD) |
---|---|---|
Debit/credit card | $100 | No maximum |
Bank transfer | $100 | No maximum |
PayPal | $100 | No maximum |
Skrill | $100 | No maximum |
Pay Now | $100 | No maximum |
POLi | $100 | No maximum |
View more > | Plus500 > |
What are the minimum and maximum withdrawals?
For PayPal and Skrill payments, the withdrawal limit is 10 USD, or the equivalent value of the currency chosen. On the other hand, credit cards and bank transfers have a minimum withdrawal limit of 100 USD.
In case you need to withdraw lower than the minimum stipulated, you will incur a fee of 10 USD.
Payment method | Minimum withdrawal | Maximum withdrawal |
---|---|---|
Debit/credit card | $10 | No maximum |
Bank transfer | $100 | No maximum |
PayPal | $10 | No maximum |
Skrill | $10 | No maximum |
Pay Now | $10 | No maximum |
POLi | $10 | No maximum |
View more > | Plus500 > |
What are the deposit and withdrawal options fees, limits, and speeds?
There are no fees for making a withdrawal in most cases.
Payment method | Withdrawal fee | Withdrawal speed |
---|---|---|
Debit/credit card | None | 1 – 3 business days |
Bank transfer | None | 3 – 5 business days |
PayPal | None | 1 – 3 business days |
Skrill | None | 1 – 3 business days |
Pay Now | None | 1 – 3 business days |
POLi | None | 1 – 3 business days |
View more > | Plus500 > |
Fees & costs 4.3
How do Plus500 fees work?
Plus500 does not charge any commissions to trade since its income solely depends on the spread applied. Spread is the difference between the bid (buying) and ask (selling) price of the cryptocurrency in question.
Note that in addition to the below fees, there is a fee for using the Guaranteed Stop Order feature, which is paid through higher spreads.
However, other notable non-trading fees apply:
Fee | Plus500 fees | eToro fees | Coinbase fees |
---|---|---|---|
Trading fees | No | Yes, on certain assets | Yes |
Inactivity fees | Yes | Yes | No |
Rollover/overnight fees | Yes | Yes, on CFDs | No |
Withdrawal fees | No | Yes | Yes |
Spreads | Yes | Yes, on certain assets | Yes |
Conversion fees | Yes | Yes, for non-USD currencies | Yes |
View more > | Plus500 > | eToro > | Coinbase > |
CFD service. 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.
What are Plus500’s trading fees?
Plus500 charges a spread each time you buy or sell an asset. Spreads are different for each market and can fluctuate depending on various factors. Here’s a breakdown of the average spreads and fees on Plus500.
Asset | Plus500 fees | eToro fees | Coinbase fees |
---|---|---|---|
Crypto | From 2% | 1% | Up to 0.6% |
Commodities | From 0.04% | From 2 pips | – |
From 0.8% | From 1 pip | – | |
Indices | From 0.7% | From 0.75 pts | – |
Stocks | From 0.08% | 0% commission | – |
View more > | Plus500 > | eToro > | Coinbase > |
Platforms & usability 4.4
What devices can I use Plus500 on?
The broker uses two basic platforms: its website and mobile app. These platforms are intuitive and user-friendly, even for a new trader, and since they support several operating systems such as iOS, Windows and Android, you can use Plus500 on:
Device | Browser/operating system |
---|---|
Web browser | Google Chrome, Microsoft Edge, Mozilla Firefox, Safari |
Mobile app | iOS, Android |
Tablet | iOS, Android |
View more > | Plus500 > |
Plus500 mobile app review
Plus500’s mobile trading platform is available both as a web-based option and a mobile trading app. The app is more tailored to make trading more convenient on your phone, but visiting the mobile-optimised site is far from difficult.
Web trading platform
The most important question any user has is: How convenient is it to use Plus500?
Plus500 features an intuitive design, and is available in over 32 languages, meaning the user experience is great no matter who you are. Since the web-based platform does not need any installation or software download, it’s easily accessible from most countries around the world.
Plus500’s platform is user-friendly, with clearly labelled sections, intuitive enough to be understood by first-time users. The design allows you to quickly navigate through to find the Crypto CFD section that is available both on the drop-down menu under instruments as well as a clickable section right on the homepage.
The trading screen has been partitioned into 3 basic sections, whereby the menu functions are found on the left side of the trading screen. The upper part, on the other hand, shows the available trading assets while the lower section has the trading charts that you can view either as a line or bar chart.
Desktop trading platform
There is no Plus500 desktop trading platform. The online broker can only be accessed via its web based or mobile platforms.
Key features
Take profit
When trading on Plus500, you can use take profit levels to automatically close out your trades the moment it reaches the assigned profit level. Using take profits makes it easy for you to not have to sit in front of your computer all day watching the charts.
Stop losses
Like a take profit level, you can use a stop loss to close a trade once it reaches a predetermined price level. A stop loss is kind of like a safety net, one which can limit the amount of money you’ll lose should a trade go against you.
Guaranteed stop loss
In addition to a regular stop loss, on Plus500, you can use a guaranteed stop loss. As its name suggests, a guaranteed stop loss will close your trade at a specific level, no matter what the market is doing. Often, during times of high volatility, you may encounter slippage, which is when the market moves too fast and your order is filled at a different price.
Slippage can be costly, especially when it goes against you as you’ll lose more money than expected. The guaranteed stop loss offered by Plus500 guarantees your trade will be closed at the price you want. However, for this guarantee, you’ll need to pay a small fee.
Price alerts
This warns you in case a trade reaches a certain price. Unlike a stop order that closes a trade, a price alert simply works as a tool to help you keep track of market developments and make a decision on up-to-date information
Security & reliability
Is Plus500 secure?
Yes, Plus500 utilises advanced security measures and infrastructure to provide a secure trading experience for users. Funds are kept in segregated bank accounts, separate from company finances, ensuring your money remains protected.
Plus500 uses 256-bit SSL encryption and secure protocols to protect sensitive data. In accordance with EU law, Plus500 is also obligated to offer Negative Balance protection, which protects users from unlimited losses.
Is Plus500 regulated?
Plus500 operates through several subsidiaries and each of these is regulated under that country’s relevant jurisdiction:
- Plus500CY Ltd is under the authorization and regulation of the Cyprus Securities Exchange Commission (#250/14). Plus500CY participates in the Investor Compensation Fund for clients of Investment Firms regulated in the Republic of Cyprus. The ICF compensates the covered Clients up to EUR 20,000 in case the company fails to fulfil its obligations towards its clients.
- 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. As much as it may not have a compensation plan yet, it holds your funds in a segregated client bank account.
Region | Plus500 regulators | eToro regulators | Coinbase regulators |
---|---|---|---|
Africa | FSA | – | – |
Asia | – | – | FSA |
Australasia | ASIC, FMA | ASIC | – |
Europe | FCA, CySEC | FCA, CySEC | FCA |
International | – | – | – |
North America | – | FinCEN | NFA |
South America | – | – | – |
View more > | Plus500 > | eToro > | Coinbase > |
Plus500 customer support review
Plus500 offers customer support 24/7 through email and live chats. Their email support is available in multiple languages, giving you a greater variety to choose the most comfortable for you.
If for any reason the live chat is not available you can still reach them through its ‘Contact Us’ form. Plus500 does not have telephone support, so if you need a faster response than email, its live chat is the best option.
Support type | Plus500 customer support | eToro customer support | Coinbase customer support |
---|---|---|---|
Help Centre/FAQs | Yes | Yes | Yes |
Yes | Yes | Yes | |
Live chat | Yes | Yes | Yes |
Yes | Platinum, Platinum+, and Diamond members only | No | |
Telephone | No | No | Yes |
View more > | Plus500 > | eToro > | Coinbase > |
What are the risks of using Plus500?
Like with any type of online trading, the main risk is losing money. However, this is largely down to your skills as a trader as opposed to Plus500 itself. Here are a few more risks you need to consider before using Plus500.
- Leveraged trading is not for beginners. Using leverage while trading can be of great benefit, especially if you have a small amount of funds available. Leverage can magnify your gains and losses. If you’re not careful, then trading while using leverage can be very costly, especially if you don’t know what you’re doing.
- The crypto market is volatile. Plus500 is one of the few CFD brokers that allows for crypto trading. It is important to remember that the cryptocurrency industry is notoriously volatile and large moves occur often. If you’re on the wrong side of the market, you can quickly lose money.
- Spreads can change. The spreads on Plus500 are variable, which means they can fluctuate depending on market conditions. You should be careful with variable spreads as the price you see on screen could quickly change.
Research & analysis tools 4.4
What trading tools are on offer?
The Plus500 trading platform has an extensive range of tools available. You can choose which type of chart you want to use, read the latest market news, and more, all within its proprietary platform. Here’s a look at what else is available on the Plus500 platform.
Trading tool | Plus500 tools | eToro tools | Coinbase tools |
---|---|---|---|
Charts | Yes | Yes | Yes |
News feeds | Yes | Yes | Yes |
Analyst recommendations | Yes | Yes | No |
Fundamental analysis | Yes | No | Yes |
Financial calendar | Yes | Yes | No |
MetaTrader integration | No | No | – |
View more > | Plus500 > | eToro > | Coinbase > |
Backtesting tool
The Plus500 backtesting tools allow you to test trading strategies using historical market data. This makes it easy for traders to analyse how well their system would have performed in the past and can help implement it into live market conditions.
News Feed
Within the Plus500 trading platform is a news feed with a constant stream of the latest market news and developments. The news feed is a top way to stay updated with the latest happening in the market. You can also configure the news feed to filter markets you’re not interested in.
Portfolio analysis tool
The Plus500 portfolio analysis tool helps track your performance over time. However, it is essential to remember that this tool does not consider all of the factors that can affect your trading performance, such as your trading fees and risk management.
Education & learning resources 4.4
What educational resources are on offer?
On the Plus500 website, there is a whole section dedicated to education. The resources available are vast and you’ll find lots of helpful information. Here’s a look at what education and learning resources are available on Plus500.
Educational resource | Plus500 resources | eToro resources | Coinbase resources |
---|---|---|---|
Demo/virtual account | Yes | Yes | No |
Video tutorials/webinars | Yes | Yes | Yes |
Walkthrough guides | Yes | Yes | Yes |
Copy trading | No | Yes | No |
Trading academy | Yes | Yes | Yes |
View more > | Plus500 > | eToro > | Coinbase > |
+Insights
You can use the +Insights tool on Plus500 on either its web platform or mobile apps. The +Insights tool allows you to monitor, in real time, what other traders on the Plus500 network are doing. You can see what others are trading right now, what markets are popular, and analyse activity. +Insights is an excellent tool which is similar to copy trading, without actually copying other traders. Using +Insights you can make your own trading decisions based on the insights of others.
Trading academy
The Plus500 trading academy is a comprehensive suite of educational content designed to improve your skills as a trader. Within the academy are videos, FAQs, and eBooks all covering various topics. Everything has been categorised into easy to understand segments making it easy to start learning.
Risk management tools
There are a range of risk management tools that you can use as a Plus500 trader. Firstly, there are regular stop losses, which protect your trades if the market moves against you. You can also use guaranteed stops, which, as the name suggests, guarantee your stop will be filled without the risk of slippage.
Plus500 video review
Plus500 customer reviews
Plus500 has tens of thousands of reviews on third party review websites. As it’s such a large broker, there are many positive and negative reviews. Overall, its scores are above average, signalling other traders are happy with its service. Below are its scores from three leading review sites.
Review source | Plus500 rating | eToro rating | Coinbase rating |
---|---|---|---|
Trustpilot | 4 | 4.4 | – |
Google Play Store | 4.3 | 4.1 | – |
App Store | 4.1 | 3.8 | – |
View more > | Plus500 > | eToro > | Coinbase > |
Our verdict
Looking at what the platform has to offer to traders, it is safe to conclude that this is one of the best multi asset trading platforms around. Plus500 is a reputable company regulated by the FCA, and offers a very user-friendly interface that allows you to trade various markets using CFDs. Unlike some other platforms, it also allows you to trade crypto with a leverage of 1:2.
Plus500 stands out with the proprietary software that makes it possible for its users to experience an intuitive interface to make trades across multiple markets right from one screen. The ability to switch between different trading positions and live streaming quotes of financial assets makes Plus500 a solid option for CFD trading.
The broker has done its best to remain transparent, considering the load of information that has been kept visible to traders. This includes spread percentage, maintenance margin and minimum trade amount. Because most brokers tend to hide this information or change most of its trading conditions without notice, this is a positive gesture from Plus500.
CFD service. 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.
Who is Plus500 suitable for?
Plus500 is suitable for all types of traders. Beginners can use its vast educational content and experienced traders can access their favourite markets from a choice of nearly 2,000. Plus500 is one of the best online brokerage platforms that truly caters to all levels of experience and there is something for everyone.
Is Plus500 good for beginners?
Yes, is an excellent choice for beginners. Plus500 offers a free, unlimited demo account where you can practice using a wide range of educational content, on its proprietary trading platform is designed for simplicity. That means beginners won’t get confused with lots of information and can focus on developing their trading skills. Beginners can also use +Insights, a tool offered by Plus500 that allows you to monitor what other traders on the network are doing.
Our methodology
Helping people make better financial decisions is at the heart of our mission at Invezz.
We test each broker to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other trading platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.
To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the broker is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.
The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.
We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.
Risk Warning. 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. You must learn first.
FAQs
Who owns Plus500?
Plus500 is owned by Plus500 Ltd, a company listed on the London Stock Exchange (LSE). The company was founded in 2008 by six alumni of the Technion, the Israel Institute of Technology.
How does Plus500 make money?
Plus500 makes money through various means but its main way is by charging a spread. The spread is the difference between the buy and sell price of any asset. With Plus500, spreads are variable and higher than other brokers, but that’s because it does not charge commissions.
Does Plus500 offer CFD trading?
Yes, Plus500 is a CFD trading platform. CFDs are contracts for difference, which are a type of derivative that allows you to trade on the price movements of an underlying asset without actually owning the asset.
How do I delete my Plus500 account?
To delete your Plus500 account, you can follow these steps:
- Log in to your Plus500 account.
- Click on the “Profile” tab.
- Scroll down to the “Account Settings” section and click on the “Close Account” link.
- Follow the instructions on the screen to close your account.
Can I transfer from my Plus500 account into my PayPal account?
Yes, PayPal can be used on Plus500 to add funds to your account or withdraw money.
Can I pay in cryptocurrency on Plus500?
No, while you can trade crypto CFDs, you cannot add funds to your Plus500 account using cryptocurrency.
Does Plus500 offer bonuses?
No, Plus500 does not offer bonuses.
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Sources & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Prash Raval
Financial Writer
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