Plus500 Review

Plus500 Review
2.6
Overall Rating

Plus500 Ltd is headquartered in Israel with subsidiaries in the United Kingdom, Cyprus and Australia:

Plus500 UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14).  Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Traders should understand that when trading with Plus500 they do not own the underlying assets and they must consider the disclosure agreements on the company’s website.

Plus500 is also listed on the Main Market of the London Stock Exchange.  We believe regulation to be critical for any serious CFD provider and the fact that Plus500 has so many regulations indicates that your funds will be entirely secure when depositing and trading with Plus500.

Plus 500 Review

One of the most important factors to consider in choosing a CFD providerare the costs of trading, which can be broken down into two categories: spreads and commissions, and overnight financing charges or payments frequently referred to as “swap rates”. The swap rates are unimportant for day traders, but spreads and commissions are always a cost of trading and must be factored in by anyone serious about generating a trading profit. We found that Plus500 offers competitive variable spreads.

Features

Plus500 offers a powerful CFD trading platform that adheres to the highest standards and allows thousands of traders to trade CFDs on over 2,000 instruments including 50 Forex pairs and ETFs, Shares, Commodities and Indices across more than 20 markets worldwide. A minimum deposit of $200AUD (or 100€, 100£) is required to open an account.

One of our favorite aspects of Plus500 is that unlike many other companies that pass the trader’s information to an aggressive sales team, Plus500 has no sales team at all.  Interested traders need only complete the application process and deposit their funds. This makes Plus500 an excellent option for motivated traders who don’t want to be hounded but who want to explore the world of financial trading on their own.

Risk Management Offerings

There are several risk management tools offered at Plus500 traders which provide traders with a necessary peace of mind. Traders can manage their own leverage depending on their ‘Total Position Value’ and ‘Equity’ which is determined by depositing or withdrawing funds. ‘Total Position Value’ and ‘Equity’ can be viewed from the Account Snapshot page which is accessed from the main trading window.  It should be noted that all Plus500 trades have a minimum leverage requirement.

Traders can also set guaranteed ‘Close at Profit’ [Limit] or ‘Close at Loss’ [Stop loss] price levels for specific instruments which can limit the trader’s risk.  This is a feature we always look for and one not offered by all (or even most) CFD providers. In addition, you can set price alerts to be notified when the market reaches a specified buy or sell price. Unlike a stop, a price alert keeps the position open, so you can decide what action to take as the market moves. In the Instrument List and Instrument Details screen there is a bell icon – clicking the bell will open a ‘Price Alert’ screen where you can set your preferences.

An additional tool offered at Plus500 is their trailing stop which is similar to a price limit in the sense that both are designed to protect traders. A trailing stop placed upon opening a trade will lock in prices by closing a position at the trailing stop’s new level and not the level you originally placed it at thus limiting any “downside” risk without having to manually monitor a position and adjust the stop price.

Following ESMA regulations, all EU-citizens will be offered leverage up to 1:30 on major currency pairs. Leverage may vary based on the chosen financial instruments.

Additional Offerings

The Plus500 website can be viewed in 32 different languages and visitors may be automatically redirected to the site in the language they come from even if they’d been previously browsing the web in another language and can then navigate back to another language if desired.  This language switch is designed to make traders feel comfortable wherever they are.

One of the most valuable features at Plus500 is the company’s free demo which is unlimited in time and can allow traders to practice for as long as they deem necessary. While an unlimited free demo is not entirely uncommon, it’s always welcome and appreciated.

Deposits/Withdrawals

Deposits and withdrawals can be made via credit cards, bank transfers, Paypal and Skrill.

Promotions

We were happy to see that at the time of this review a new sponsorship agreement had just been signed between Plus500 and the Atlético de Madrid football team whereby Plus500 sponsors the Spanish team and their name would be worn on the back of the first team’s kit.  This might not have bearing on their trading protocols, but it’s a great sign of longevity and reliability.

Plus 500 Promotions

Customer Support

Plus500 offers customer service 24/7 via email or live chat.

Platforms

Plus500’s uses a WebTrader platform as well as a proprietary trading platform which provides all necessary information on one screen so that there is no need to scroll to find necessary information. Four clearly-labeled top tabs make it possible to receive details about past trades and current positions without having to search for it.

Plus500’s excellent trading platform is available in 3 versions – a downloadable version, a web-based platform and a mobile trading interface. What makes this platform unique is that unlike those offered by most other companiess, Plus500’s platform remains constant in all versions, which makes it possible to switch seamlessly between the platforms without having to regroup.  Likewise, though most CFD providers offer out-of-the-box platform solutions that are limited in many ways, we’re always happy to see CFD providers build their own trading platforms to provide specific (and oftentimes upgraded) services to their traders.

Traders using Plus500 CFD trading platforms have access to a variety of trading features such as advanced technical analysis tools, guaranteed stop loss and more.

Plus500’s trading platform is totally reliable and boasts an impressive execution rate which is reassuring to all traders. It offers competitive fixed or dynamic spreads, no trading commissions and a leverage of up to 1:30.  Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved. Please consider the company’s Risk Disclosure Statement and User Agreement before using the services.

Plus500 Features

Plus500 offers CFD trading on a wide choice of Forex pairs, commodities, EFTs, equities and indices. One of our favorite offerings is Plus500’s free demo account which can be used for an unlimited amount of time. This is most unusual in the Forex industry as many service providers limit the demo account to two months. The demo is especially important for first-time or inexperienced traders who would like to try out Forex trading or practice their trading strategies before deposits.

The Plus500 website is uncluttered and user-friendly which makes a pleasant trading experience for both new and experienced traders. The website is available in 32 different languages and viewers are likely to be automatically redirected to the site in the language of their choice even if they’d been previously browsing the web in another language. They can then navigate back to another language if desired.

There are several bonuses offered including a generous deposit bonus and a welcome bonus. At the time of this review, a new sponsorship agreement had just been signed between Plus500 and the Atlético de Madrid football team whereby Plus500 sponsors the Spanish team and their name would be worn on the back of the first team’s kit.  A good indication, in our opinion, that this reliable company won’t be going anywhere anytime soon.

Deposits and withdrawals can be made via credit cards, bank transfers, Paypal and Skrill.

Company Information

  • Broker’s Name : Plus500
  • Headquarter : Israel
  • Regulation : CySEC, Financial Conduct Authority (FCA), ASIC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:30
  • Commissions / Spreads : VARIABLE
  • Account 1 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : Proprietary platform
    • Platform Languages :
      • 32 languages
    • OS Compatibility :
      • Windows
      • Mobile
      • Web
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • 32 languages
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

Plus500 Videos

How to Trade CFD’s with Plus500

This video covers all you need to know about the trading world at Plus500. Hear instructions on how to place a trade by first identifying the unique characteristics of each instrument and its leverage. Learn how to choose the desired position—either to buy or sell—and the number of units you wish to trade. See how to follow your open and closed positions and decide which method to use to deposit your money directly from the application. The Plus500 video provides a world of information about the world of trading.

Plus500 Platforms

Plus500 WebTrader Platform

With today’s market fluctuations, customers need a cutting-edge trading platform designed to allow them instant access to global financial markets. The Plus500 platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are complex financial products, thus the platform is not suitable for beginners or inexperienced traders.

Through the technological infrastructure of the Web Trader, traders can manage their investments securely in all Forex markets. The Plus500 Web Trader platform offers a user friendly interface and is designed for CFD traders at all skill levels that have the necessary understanding of how the market operates.

With the Plus500 WebTrader platform, traders can trade CFDs with low fixed spreads and no commissions.

With today’s market fluctuations, customers need a cutting-edge trading platform designed to allow them instant access to global financial markets. The Plus500 platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are complex financial products, thus the platform is not suitable for beginners or inexperienced traders.

Through the technological infrastructure of the Web Trader, traders can manage their investments securely in all Forex markets. The Plus500 Web Trader platform offers a user friendly interface and is designed for CFD traders at all skill levels that have the necessary understanding of how the market operates.

With the Plus500 WebTrader platform, traders can trade indices, equities, commodities and Forex with low fixed spreads and no commissions.

Plus500’s WebTrader Platform with Illustrative Prices

The Plus500 WebTrader platform has proven to be popular mostly in Asia and in Europe, which together account for the majority of retail global Forex trading in both volume and total number of individual clients. The platform began, like most veteran trading software, as a desktop application, but was soon upgraded (in 2009) to include a web-based offering, and then further extended not long afterward as an app suitable for smartphones and tablets. While web-based trading is attractive for many reasons, traders may find this can create problems deriving from web browser issues, causing slow action, glitches and crashes: applications are generally more reliable if you are using an aging computer, or if your device suffers from Java issues. In terms of ease of use, the platform is intuitive and can be tested in a demo mode to allow traders to fully grasp its varied functions.

Plus500 WebTrader Features

The Plus500 platform offers traders the use of their demo account for an unlimited amount of time. This is unusual for CFD providers who normally limited their demo accounts to 2-3 months.

Both the live account and demo account have real-time streaming quotes and offer leverage of up to 1:30.

The Plus500 Webtrader allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, and charting. No downloading is required.

Mobile Applications

Plus500 also offers top quality mobile applications for iPhones, Androids and Windows phones.  Just as the company is constantly upgrading its offerings both on its WebTrader it is also continually working on its mobile applications so that traders will enjoy the best possible trading experience wherever they are.  Videos are also available to help traders understand how to work the platform and to hopefully avoid any potential losses from erroneous use.  As mobile trading becomes more and more popular we are looking forward to watching as Plus500 remains on the cutting edge of this technology.

Plus500 Crypto Trading

Plus500 may be one of the most established CFD platforms in the world, but that doesn’t mean their offerings are archaic.  In fact, Plus500 crypto currency offerings are some of the broker’s newest and most popular offerings of late, proving that you can, in fact, teach an old dog new tricks.  Plus500 offers bitcoin trading through its CFD trading service.  Ethereum, bitcoin cash and ripple are other cryptocurrencies available for trading at Plus500.

Like most CFD providers, Plus500 crypto trading offers limited leverage.  The leverage on cryptocurrency trading is limited to protect traders from volatility that can cause severe losses, though the company’s diligent regulation prevents us from listing the leverage available for cryptocurrency trading.

One significant advantage of trading bitcoin or other digital currencies with Plus500 is their Traders’ Sentiment tool which is featured prominently on each cryptocurrency page.  This tool shows what percentage of traders are buying each cryptocurrency, and what percentage of traders are selling, so that you can consider trends before placing your order.

Underneath this easy-to-read indicator is important information which Plus500 keeps entirely visible, including the spread, spread percentage, minimum trade amount, maintenance margin and other details.  We truly appreciated this transparency, especially since so many companies tend to hide the trading terms or change crypto trading conditions without warning.

As a company regulated in multiple jurisdictions, Plus500 is an excellent choice for anyone looking to trade bitcoin or other cryptocurrencies in a secure, regulated environment.

PRICES ARE FOR ILLUSTRATIVE PURPOSES ONLY

PRICES ARE FOR ILLUSTRATIVE PURPOSES ONLY

Plus500 Review
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Education
User Rating0 Votes0
Likes
2,000 products to trade across global markets, including cryptocurrency CFDs
Offers guaranteed stop-loss orders for an extra cost
Licensed in several regulatory hubs, and publicly listed
Over 100 chart indicators are available in the web platform
Dislikes
Lack of educational content and news headlines
No phone support offered
Few advanced features or tools available
2.6
Overall Rating
CONCLUSION
Plus500 offers over 2,000 tradeable instruments, including CFDs on forex, shares, ETFs, futures, commodities, indices, and multiple cryptocurrencies, including Bitcoin. It offers easy-to-use platforms, yet its limited range of research tools may disappoint seasoned traders.