Plus500 Review 2025

Plus500 review
Plus500 Awards

Plus500 have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Plus500 below.

• Best In Class Trust Score - ForexBrokers - 2023
• Best Provider Global Trading - ADVFN International Financial Awards - 2023
• Client Satisfaction - Investment Trends 2023 Singapore Leverage Trading Report - 2023
• CFD Broker - Investment Trends 2023 Germany Leveraged Trading Report - 2023
• CFD Broker - Investment Trends 2022 UK Leverage Trading Report - 2022
• CFD Broker - Investment Trends 2022 Germany Leveraged Trading Report - 2022

Plus500 review
Plus500 Fees Explained

• Plus500 doesn't charge withdrawal fees.
• Plus500 does charge a fee for inactive accounts.
• Plus500 doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Plus500 are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Plus500 Costs To Check

Modern brokers like Plus500 provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Plus500 may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Plus500 trading profitability.

How Plus500 Fees Compare Against Other Brokers

Plus500 Minimum Deposit

Plus500 requires a minimum deposit of 100 GBP/USD/EUR when opening an Plus500 trading account.

A minimum deposit is the minimum amount of money required by Plus500 to open a new online brokerage account with them.

Don't be scared off by brokers like Plus500 charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Plus500, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Plus500 Withdrawal Fees

Plus500 doesn't charge withdrawal fees.

Plus500 Withdrawal rules may vary across different brokers when it comes to transferring funds from your Plus500 or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Plus500 may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Plus500 withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Plus500. Researching and comparing Plus500 withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Plus500 funds frequently or dealing with large sums of money. Awareness of these Plus500 fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Plus500 funds.

Please note that Plus500 offers multiple payment methods, including Mastercard and Visa debit/credit cards, wire transfer, PayPal, Skrill, and some local methods available only in specific regions, such as iDeal, BPay, Klarna, GiroPay, POLi, and more. Traders should check their Plus500 accounts for the local methods provided in their area.

Plus500 Inactivity Fees

Plus500 does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Plus500 terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Plus500 fees and services. It's recommended that you check the Plus500 website before signing up. If you decide to close your Plus500 account, it's important to do so with the Plus500 broker customer support and obtain confirmation that no remaining Plus500 fees are due.

Brokers like Plus500 must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

If you don't log in to your Plus500 trading account for at least three months, you may be charged an inactivity fee of up to USD 10 per month. Plus500 inactivy fees will be charged monthly, if no login activity on your Plus500 account has been logged. Plus500's inactivity fee is calculated based on the lesser amount between the remaining available balance in your account and USD 10 (or its equivalent in your currency).

This fee is meant to cover the cost incurred in providing Plus500's services, even if they are not used. However, please note that the inactivity fee only applies to Plus500 Real Money accounts with sufficient available funds. To avoid this fee, it's recommended to log into your account from time to time. Logging in regularly to your Plu500 account will be considered sufficient activity to prevent any charges.

Plus500 Deposit Fees

Plus500 does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Plus500 Commission Fees

Plus500 does not charge commission on CFD instruments.

Brokerage firms like Plus500 may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Plus500 trading account level held by the trader.

Plus500 may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Plus500 terms and conditions to understand the commission fees and any other charges that may apply is essential.

Plus500 review
Trading on Plus500 web platforms and other applications

Plus500 provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Plus500 also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Plus500's platforms

Is the Plus500 Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Plus500 trading platform to protect you on PC and mobile Plus500 platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Plus500 web trading platforms.

Plus500 Trading Platform Options

Plus500 does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Plus500 offers its custom trading platform developed and tested in-house. The Plus500 trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Plus500 platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Plus500, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Plus500 platform, including news and quotes. Discover possible trades with the strong charting tools found with Plus500. Plus500 is available as downloadable applications or online through the cloud. Monitor your orders with Plus500 and receive breaking news in your positions.

Plus500 Trading benefits

• Plus500 24/7 online support
• Plus500 Trade +2800 CFDs instruments on Shares, Indices, Forex, Cryptos (availability subject to regulation), ETFs and Commodities.
• Plus500 30+ languages
• Plus500 All devices
• Plus500 0 commissions and tight spreads
• Plus500 Low min deposit
• Plus500 Guaranteed stop loss

Plus500 Trading Accounts Offered

Below we give an overview of the account types that Plus500 offer. Whatever you are looking to trade, the varying Plus500 account types will be able to provide you with what you need.

• Plus500 Demo account
• Plus500 Standard account
• Plus500 Islamic account
• Plus500 Professional account

Plus500 also offers a Professional account for citizens of the EU, the UK and Australia. Traders have the possibility to trade with a higher leverage if they match 2 out of 3 criteria to prove their trading experience. However, it is important to note that professional accounts lose their ICF rights. You can learn more here.

Can I try Plus500?

Plus500 provides a demo account that enables individuals to explore trading before investing their funds. By creating a Plus500 practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Plus500 demo account can help individuals to make informed decisions before investing their money.

Open a demo Plus500 account to practice and trade.

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 withdrawal and funding methods

It's essential to remember that the payment methods provided by Plus500 vary based on the Plus500 entity and the Plus500 client's country of residence. To view the Plus500 payment options available, you can log into your Plus500 member's area.

Plus500 offers various funding payment methods listed in your Plus500 dashboard if available in your region. To learn more about the Plus500 funding and withdrawal options available in your area, you can explore the Plus500 website.

Plus500 provides several payment methods for funding your Plus500 account. You may utilize any of these deposit options if they are available in your region. Plus500 ensures that users have multiple payment methods to choose from, making it more convenient for verified Plus500 account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Plus500 user's location. learn more about Plus500 funding and withdrawal methods.

Plus500 Payment Methods

Plus500 offers the following payment methods: Mastercard and Visa debit/credit cards, wire transfer, PayPal, Skrill, Apple Pay, Trustly and some local methods which are available only to specific regions like iDeal, BPay, Klarna, GiroPay, POLi and more. Plus500 account holders should check for the local methods provided in your region, if any.

• Plus500 accepts Credit Cards
• Plus500 accepts Debit Cards
• Plus500 accepts VISA
• Plus500 accepts MasterCard
• Plus500 accepts Electronic Wallets
• Plus500 accepts PayPal
• Plus500 accepts Skrill
• Plus500 accepts Bank Transfer

How can I start trading with Plus500?

To open a trading account with Plus500, individuals can sign up on the Plus500 website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Plus500 account validation and making a deposit. Once completed, Plus500 users can download the trading platform of their choice.

It's important to note that Plus500 requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Plus500 maintain a trustworthy financial environment for its 26,000,000 users. Detailed information on the Plus500 trading platforms is available on their website.

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.

Performing trades with Plus500

The trading platform, Plus500, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals.

Plus500, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Plus500 can be useful for traders starting or with limited capital.

Like other brokers, Plus500 margin requirements can differ depending on the traded instrument.

Plus500 offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about Plus500, and see all of the Plus500 account features on the official Plus500 website.

CFD Trading on Plus500

We will show you an example of the basics of using Plus500 leverage.

CFD trading on Plus500 allows traders to speculate on the price movements of various financial instruments against the broker Plus500, without actually owning real assets. With CFDs, Plus500 traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Plus500 provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Plus500 leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Plus500 trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Plus500 leverage magnifies both profits and losses in trading.

Trading CFD trades on the Plus500 platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Plus500 traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 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.

Limiting Your Risk When Trading with Plus500 Advanced Risk Management Tools

Negative Balance Protection is a regulatory requirement of Plus500. Plus500 Client losses can never be more than the funds available in their Plus500 account. A Plus500 client can never have a negative balance.

Limit Risk When Trading with Plus500 Stop Loss, Plus500 Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Plus500 . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Plus500 traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Plus500 trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Plus500 traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Plus500, you must actively monitor your live trading portfolio and financial exposure on Plus500.

Guaranteed stop order - a unique feature for the Plus500 platform that will force a position to close at a chosen rate (price) even if the market price surpasses it.

Education Resources at Plus500

Plus500 has launched a Trading Academy, which offers a variety of educational products, including eBooks, video traders guide, and FAQs to ease trading for both beginner and experienced traders.

Plus500 offer educational resources which include Trading Academy, Webinars, Ebooks, News & Market Insights, Economic Calendar. Please bear in mind that these resources provided by Plus500 do not guarantee any results when trading. When we checked on the Plus500 website, these educational resources were not available in every language. Also some financial instruments mentioned in any Plus500 educational resources may not be available in your region.

To trade effectively with Plus500, it's important to have a good understanding of the Plus500 trading tools and the markets.

Plus500 , as said before provides e-book content and videos for users. Plus500 also offers weekly webinars that discuss market trends and technical analysis. The webinars host market analysts and experts courtesy of the Corellian Trading Academy.
Plus500 does not offer seminars.

Users cannot rely solely on Plus500 to learn to trade. It's essential to note that Plus500 is not authorized to provide investment advice, asset management services, or any trading recommendations. Plus500 users should conduct their research and make independent trading decisions. However, Plus500 does offer a free unlimited demo trading account, which users can use to practice trading without risking real money. The demo account provides a risk-free environment for users to test their trading strategies and get familiar with the platform's features. Plus500 does provide a useful demo account for users to gain trading experience. It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Plus500. Familiarizing yourself with the Plus500 trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Plus500. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Plus500 involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Plus500, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Plus500. Explore the Plus500 platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Plus500, before live trading.

Customer Support at Plus500

As part of our Plus500 review, we review customer service options, response times and problem resolution effectiveness on the Plus500 trading platform. The Plus500 trading platform supports multiple languages, which includes English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese.

Plus500 Available Support Types

Plus500 has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, WhatsApp and email support.

Plus500 customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with Plus500 has to be positive for you to effectively trade the financial markets on the Plus500 platform. Plus500 should answer all of your questions and your Plus500 platform issues are solved. When an Plus500 customer has any queries regarding Plus500, the Plus500 customer support team should take these issues seriously and offer a quick and effective solution. Plus500 has a great client support team, so we have rated their customer service highly.

Livechat Support at Plus500

We experienced fast and responsive support from Plus500

At Plus500, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from Plus500 should be a positive support experience for all Plus500 users, saving you from waiting days for an email response.

We also tested communicating with Plus500 support in various languages and countries. The Plus500 help centre quickly resolved our customer issues.

Email Support at Plus500

As part of our review process, we wanted to test the email support offered by Plus500. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows Plus500 has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by Plus500. If you're looking for a broker with reliable email support, Plus500 is worth considering.

Phone Support at Plus500

Plus500 does not offer Phone Support.

WhatsApp Support

Plus500 offers diverse customer support services to cater to its broad customer base. Their support team is available 24/7 via email, chat, and WhatsApp. It can assist customers in 16 different languages, making it easy for customers to reach out to them in their preferred language. Whether customers need help with their account, a trade, or navigating the platform, Plus500's multilingual support team is always available to provide professional and timely assistance. The extensive range of support services offered by Plus500 ensures customers can access help whenever needed.

See how Plus500 Support Compares Against Other Brokers

What you will need to open an account with Plus500

As Plus500 is regulated by Financial Conduct Authority (Financial Conduct Authority (FCA)) (FRN 509909), Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission (CySEC)) (Licence No. 250/14), Australian Securities and Investments Commission (Australian Securities and Investments Commission (ASIC)) (AFSL #417727), Financial Markets Authority (Financial Markets Authority (FMA) in New Zealand) (FSP No. 486026), Financial Sector Conduct Authority (Financial Sector Conduct Authority (FSCA) in South Africa) (Authorised Financial Services Provider #47546), Monetary Authority of Singapore (Monetary Authority of Singapore (MAS)) (Licence No. CMS100648-1), Licensed to operate a trading platform in Israel (Licensed to operate a trading platform in Israel) (N/A), Seychelles Financial Services Authority (Seychelles Financial Services Authority (FSA)) (Licence No. SD039), Estonian Financial Supervision and Resolution Authority (Estonian Financial Supervision and Resolution Authority) (Licence No. 4.1-1/18), Dubai Financial Services Authority (Dubai Financial Services Authority (DFSA)) (F005651), Financial Services Agency (Financial Services Agency (FSA) in Japan) (Licence No. 156), Commodity Futures Trading Regulatory Agency (Commodity Futures Trading Regulatory Agency (BAPPEBTI)) (Licence No. 587/BAPPEBTI/SI/XII/2004) .

As a new client of Plus500, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Plus500 in your region. During the Plus500 account opening process, you will be asked to provide Plus500 with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Plus500 have the following documents available.

• Plus500 require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Plus500 compliance. This must be dated within the last six months.
• If you plan to fund your Plus500 account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Plus500 platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Plus500 Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Plus500's platform.

However, remember that you won't be able to make trades on Plus500 until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Plus500 KYC compliance process as soon as possible to avoid any delays in accessing the Plus500 platform's features.

It is important to note that Plus500 may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Plus500 platform and features immediately. However, you must pass the verification process to start live trading with Plus500, which can take up to a few business days.

To start the process of opening an account with Plus500 you can visit the Plus500 trading platform here.
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 should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from http://www.plus500.co.uk/ on November 18, 2024.

Watch this Plus500 Explainer Video

Plus500 review written by Andrew Blumer and Mark Hansen