Plus500 Review

Plus500 Logo

Plus500 is a popular online CFD-only broker that is headquartered in Israel and regulated in multiple jurisdictions through its subsidiaries. The brokerage firm was established in 2008, and they offer CFDs on Forex, Stocks, Commodities, ETFs, Options and Indices, on their easy-to-use proprietary trading platforms, which is equipped with many useful tools. They provide favorable trading conditions, with tight spreads, no commission fees, fast and reliable order execution, and prompt customer support to their 304,000+ active clients.

Plus500 Trading Products

Plus500 offers a huge product portfolio of over 2000 CFDs trading instruments from various popular asset classes such as forex, stocks, indices, cryptocurrencies (Availability subject to regulations as cryptocurrencies are not available to retail clients in the UK), commodities, options, and ETFs.

Plus500 Review – Trading Platform *Illustrative prices only
Plus500 Review – Trading Platform *Illustrative prices only

Plus500 Platforms

The broker provides their clients with their proprietary trading platform, Plus500 Trading Platform, which is simple, intuitive, and user-friendly, with a good variety of charting tools and a built-in economic calendar. Plus500 Trading Platform is available as an installable desktop application for Windows 10, a non-installable web version that can run in most popular browsers, and mobile apps for iOS and Android devices, as well as Windows Phone. The broker also provides other useful trading tools, such as Risk Management Tool, Real-Time Alerts, Price Alerts, Traders Sentiment, and more.

The Plus500 trading platform is a user-friendly platform that allows clients to trade on over 2,000+ products across numerous markets with competitive spreads and no commissions. It has a clean appearance and feel, and it is also quite user-friendly, making it perfect for traders of all skill levels.

You may look for instruments by name and examine charts for those that you want to see. There are buy and sell options for opening positions, with real-time price updates. There are multiple supported order types. Users may configure email, SMS, and push notifications to get alerts when certain market events occur, such as price fluctuations and sentiment shifts. The platform’s upper bar provides an overview of the state of your current portfolio.

Plus500 Review – Real Time Alerts *Illustrative prices only
Plus500 Review – Real Time Alerts *Illustrative prices only

The charting tools on the Plus500 platform are rather diverse. It can display charts in a variety of timescales, from tick to weekly, and in a variety of chart formats, including candles, bars, and lines. Most common technical indicators, such as Bollinger Bands, moving averages, MACD, RSI, and so on, are available. There are tools for sketching support and resistance levels, graphing Fibonacci retracements, and much more. You may store chart templates to easily load and use again later.

There is an economic calendar built-in that displays news events and the projected influence on markets, as well as current, past, and forecasted results. The news may be sorted by date and importance. As part of a fundamental examination, this calendar is quite valuable.

Two-step authentication is used for logging onto the platform. They also provide login via Google and Facebook, which may be more convenient for some users. While most brokers use the famous MetaTrader trading platform, the Plus500 platform is incredibly current and polished, with all of the capabilities that traders would ever want, all from one clean and simple to use interface. Clients may access the trading site in 32 languages, including English, Chinese, Russian, Spanish, French, and German.

Plus500 Review – Risk Management Tools *Illustrative prices only
Plus500 Review – Risk Management Tools *Illustrative prices only

Plus500 Tools

Alerts

You can get email, SMS, and push notifications in real time. Setting up notifications is simple, free, and available on all devices. Create alerts by clicking the alert icon on the main trading screen and view, amend, and delete alerts by selecting the “Alerts” tab in the programme menu.

Price Alerts:  React to price movements as they occur. Set up price alerts to get notified when an instrument hits a certain Buy or Sell price.

% Change (Daily or Hourly):  Receive an Instant Notification of a Percentage Increase or Decrease. Change percent alerts are used to get notifications when the absolute price change (positive or negative) of an instrument exceeds a specified level. Change percentage notifications can also be set to reoccur daily or hourly.

Traders’ Sentiments (Buyers % vs. Sellers %): Discover How Others Are Trading in Real-Time. The Traders’ Sentiments tool is a one-of-a-kind notification tool that is activated automatically when the proportion of Buyers or Sellers (among Plus500 clients) reaches a specified threshold.

Plus500 Research & Education

Plus500’s website has several sections with FAQs that explain the various markets, how their platform works, and the services they offer. But apart from these FAQs, the broker does not provide any other educational material, as their website has no dedicated educational area.

Economic Calendar

The economic calendar, which is driven by Dow Jones data, may be utilised as part of a fundamental study. It keeps you up to speed on the newest market news events and assigns a grade to each event’s potential impact, ranging from low to medium to high. The name of the release, nation, connected instruments, date and time, level of influence, and actual/previous/forecasted result are all displayed. The calendar may also be set to display company events, which is a helpful feature that not many other brokers provide.

Risk Management Tools

These basic but effective trading tools might help you control your risk.

Close at Profit [Stop Limit] and/or Close at Loss [Stop Loss]: When initiating a new position/pending order or amending an existing position, you may add ‘Close at Profit’ [Stop Limit] and ‘Close at Loss’ [Stop Loss] orders to your trades. These orders enable you to specify the rate at which your position will be closed in order to safeguard your profit in the case of a Close at Profit order or to minimise your loss in the event of a Close at Loss order. Please keep in mind that Close at Profit and Close at Loss orders do not ensure that your position will close at the precise price level you specify. If the market price suddenly gaps down or up at a price over your stop level, your trade may be terminated at the next available price, which may be different from the one you specified. This is referred to as slippage.

Guaranteed Stop: Adding a Guaranteed Stop order to your trading position limits your possible loss to zero. Even if the instrument’s price swings drastically against you, your position will be terminated immediately at the stated price, with no chance of Slippage. Guaranteed Stop is only available for a few instruments. If an instrument supports the Guaranteed Stop order, a checkbox will appear on the platform (after you have selected the ‘Close at Loss’ checkbox).

A Guaranteed Stop order may only be applied to a new trading position/pending order, not to an existing position. When the instrument is accessible for trade, a Guaranteed Stop can be activated/edited. Only a Close at Loss order can be altered or deleted after your Guaranteed Stop order is operational. Once activated, the extra spread fee for a Guaranteed Stop is non-refundable and will be indicated prior to acceptance. The Guaranteed Stop level must be a predetermined distance away from the instrument’s current trading price.

Trailing Stop: A Trailing Stop order allows you to lock in a set amount of earnings. When you establish a position or pending order with a Trailing Stop, it will stay open as long as the price goes in your favour, but it will close automatically if the price changes direction by a predetermined number of pips*. When you use a Trailing Stop, you may put a Close at Loss order that automatically updates when the market advances in your favour. If the market moves unfavourably, the Close at Loss order is triggered (in accordance with the requested pips change). This service is free, but there is no assurance that your position will close at the exact Close at Loss level due to ‘Slippage.’

Plus500 Trader's Guide
Plus500 Trader’s Guide

Trader’s Guide

The Plus500 website has an excellent collection of trading instructions. There are ‘how-to’ videos available to help you learn more about online trading with Plus500’s user-friendly platform. They cover a variety of subjects, including an introduction to CFD trading, trading methods, and more.

News and Market Insights

The Plus500 website also has a very informative news and insight section. Here you will discover some fascinating articles that will keep you up to date on the newest market news and its influence on various instruments.

eBook

Comprehensive descriptions of the instruments the broker provides, platform features, a step-by-step Plus500 trading instruction, and important trading terminology can all be found in this eBook.

Plus500 Trading Accounts

The broker offers only one standard account type for regular retail traders and a professional account for qualified professional traders who apply for it. The standard account requires a minimum deposit of $100. But there is a $10 monthly fee on accounts that are inactive for more than 3 months. Plus500 Professional Account is available for professional traders who have had sufficient trading activity in the past 12 months, a financial portfolio of over half a million, and relevant financial sector experience. The account offers some benefits for qualified EU clients.

Plus500 Account Funding

Plus500 accepts a selection of account funding and withdrawal methods, including bank transfer, credit cards, PayPal, and Skrill. Payment processing time and transactional charges depend on the payment method used. Bank transfers may take a few days to clear, but others may be instant. The plus point is that the broker does not charge any deposit or withdrawal fee.

Plus500 Customer Service

The broker provides a prompt customer support service via online chat and email, and the customer support team is available 24/7.

Plus500 Regulation

Plus500 is a brand name of Plus500 Ltd, an Israel-based firm with subsidiaries in the UK, Singapore, Australia, and Cyprus. Each of those subsidiaries is fully regulated in those countries as follows:

  • Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
  • Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
  • Plus500AU Pty Ltd holds AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand, and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa.
  • Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
  • Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).

Plus500 FAQ

What is the Plus500 minimum deposit?

Plus500 requires a minimum deposit of $100.

Where is Plus500 based?

Plus500 is based in Israel.

When was Plus500 founded?

Plus500 was founded in 2008.

What are the Plus500 platforms?

Plus500 offers its proprietary trading platform on multiple devices and environments.

What trading instruments do Plus500 have?

Plus500 offers over 2000 trading instruments over multiple asset classes.

What are the Plus500 deposit and withdrawal options?

Plus500 accepts and offers wire transfers, debit/credit cards, and electronic payments for deposits and withdrawals.

What is the Plus500 commission fee?

Plus500 provides commission-free trading.

What are the Plus500 spreads?

Plus500 offers variable spreads.

Does Plus500 offer demo accounts?

Yes, Plus500 offers demo accounts.

Does Plus500 allow scalping, hedging, news trading, and automated trading?

Any trading method that is prohibited by the User Agreement, such as scalping, automated data entry systems, and hedging, or that falls under the definition of market abuse, such as insider trading, as well as any prohibited activity, such as abusing our bonus system, is not permitted on our trading platform.

Does Plus500 charge an inactivity fee?

Plus500 charges an inactivity fee of $10 per month if no trading activity is conducted on the account for more than 90 days.

Is Plus500 regulated?

Plus500 is authorised and regulated by the FCA, CySEC, ASIC, FSA, FSCA, FMA, and MAS.

Plus500 Review Summary

Plus500 is a well-established CFD-only broker that is regulated in multiple jurisdictions. They offer a wide range of tradable CFD instruments with quality trading conditions. The broker provides a proprietary trading platform with unique tools but does not provide educational resources. Plus500 does not offer robot trading.

Plus500

8.5

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.0/10

Support

8.5/10

Regulation

9.0/10

Features

  • Over 2000 tradable instruments
  • A simple and user-friendly proprietary trading platform
  • Risk management tools and traders’ sentiment
  • Competitive trading conditions
  • Established brokerage firm
  • No commission fees
  • Risk Management Tools
  • Trading Guides
  • Flexible account funding options
  • Variable spreads