Plus500 Review for 2019

Plus500 Rated 4/5

Plus500 Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Plus500 we break down the pros and cons. What Plus500 are able to offer, what countries Plus500 are available in. Who Plus500 are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open Plus500's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to Plus500

With this review we hope to help you see if Plus500 is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Plus500 that will help you get off to a good start in the world of online trading.

Plus500 what you should know

Plus500 offer one way to trade: CFDs.

With Plus500 you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Plus500 platform.

Plus500 are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Plus500 safe?

When choosing a broker like Plus500 the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Plus500 have a head office in Israel.

Plus500 is regulated. This means Plus500 are supervised by and is checked for conduct by the Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Plus500, this will be honored. If Plus500 violate any regulatory rules their regulated status could be stripped.

Any payments funded to Plus500 accounts by traders are held in a segregated bank account.

For added security Plus500 use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Plus500. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Plus500

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 15,500 traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)
  • Min. deposit from $100

What we don't like

Plus500 General Fees

  • Plus500 doesn't charge withdrawal fees
  • Plus500 does charge inactivity fees

Plus500 Commissions

  • Plus500 doesn't charge commission on CFD shares

What can you trade with Plus500?

You can trade a wide variety of instruments with Plus500 over 2,000 instruments infact.

If you are looking at trading currency pairs Plus500 offer over 100 currency pairs.

Compare Plus500 with Interactive Brokers and XTB below.

FX / Currencies Plus500 IB XTB
# of forex pairs offered 100 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes No Yes
Commodity CFDs Plus500 Interactive Brokers XTB
# of commodities offered 17 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Plus500 Interactive Brokers XTB
# of Stocks offered 1816 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Plus500's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on Plus500 web platforms and other applications

Plus500 offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Plus500 also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Plus500's platforms

Plus500 Trading benefits :

  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Plus500 Trading Accounts offered:

  • Demo account
  • Standard account
  • Islamic account

Can I try Plus500 before I buy?

Plus500 offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Plus500 accept?

Plus500 offer the below funding payment methods. learn more about Plus500

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill

How can I start trading with Plus500?

When opening a trading account with Plus500, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Plus500 trading platforms here.

Performing trades with Plus500

With Plus500, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Plus500 may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Plus500 offer margin up to 0.0025% on currencies.

Plus500 also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by Plus500 here.

Support at Plus500

Plus500 support a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese

Plus500 have a triple AAA grade support rating because they offer a wide range of languages, live chat, phone and email support.

What you will need to open an account with Plus500

As Plus500 is regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Plus500's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Plus500 you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from http://www.plus500.co.uk/ on 12th August 2018.

PLUS500 Frequently Asked Questions

Can I try Plus500 before I buy?

Plus500 offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Plus500 accept?

Plus500 offer the below funding payment methods accept Credit cards, Bank Transfers, PayPal, Skrill, among other payment methods. Learn more here

How can I start trading with Plus500?

When opening a trading account with Plus500, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Plus500 trading platforms here.

Is my money safe with Plus500?

Plus500 is regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). One of the most important criteria for traders when choosing a broker like Plus500 is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Plus500, this will be honored. If they violate any regulatory rules their regulated status can be stripped.