Plus500 review
4.5/5

Plus500 review

✅ 2,000+ Trading Instruments
✅ Main Sponsor of Club Atlético de Madrid
✅ The Best Broker for Trading CFDs
✅ 7 Different Licenses

Home » Plus500 review
OverallCommissions & FeesLicensing & SafetyPlatforms & Tools
Points90959688
*To test the broker, we used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas.

OverviewFees and commissionsSafetyOpening an accountAccount typesTrading PlatformsMarkets and productsResearch toolsEducation and trainingCustomer supportOur verdict

In this review of Plus500, our experts explore an established forex and CFD broker with a lot to offers to its clients. With a history that dates back to 2008, Plus500 has received several top-tier licenses, including from the FCA, ASIC, CySEC, and FSCA. The broker provides over 2,000 instruments in seven asset classes, such as currency pairs, shares, and ETFs. Plus500 is also listed on the London Stock, which speaks volumes about its notability in the market. Overall, Plus500 is a trustworthy broker to choose, so why not read on to learn more.

Pros
  • 2,000+ trading instruments
  • Main sponsor of Club Atlético de Madrid
  • Licenses from FCA, ASIC, CySEC, FSCA, FMA, and MAS
  • The best broker for trading CFDs
Cons
  • Doesn’t offer extensive educational material

Plus500 overall scores

In this review, you can find all the information you need to decide whether Plus500 is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how Plus500 scored in each of our high-priority categories.

Plus500 fees and commissions

One of the biggest advantages of the Plus500 broker is that it doesn’t charge hidden fees on trades in any asset class. As our Plus500 reviewer discovered, the broker offers you transparent and competitive spreads instead. When it comes to non-trading fees, these are reasonable with average overnight swap fees and an industry-standard inactivity fee. For the average trader, this is a very beneficial offering from Plus500.


Our experts have reviewed Plus500’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:

–        Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.

–        Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.

Below you will find a snapshot of the fees charged at Plus500. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.

Trading Fees*
TYPE OF FEECOST
Minimum Spread EURUSD (pips)0.7
Commission (%)0%
Commission on Islamic Accounts (%)0%

*Based on Standard account type.

Non-Trading Fees
Account FeeN
Inactivity FeesY
Deposit FeesN
Withdrawal FeesN

Plus500 trading fees

During this Plus500 broker review, our team found that the only trading fees you can expect are spreads. Whilst these are variable, and so do change from time to time, on average it’s clear than Plus500 is a low-cost broker. Fees are both accessible and convenient for all types of traders, no matter if you’re a beginner or more experienced. Below, we discuss the fees you can expect in different asset classes:

Forex fees

If you choose to trade forex currency pairs at Plus500, you’ll benefit from low bid/ask spreads and low commissions. Our team examined some of the most popular currency pairs like EUR/USD, USD/CHF, and USD/JPY, and found that the difference between buying and selling prices revolved around 0.7 to 3 pips.

Share fees

When it comes to shares, there’s a huge selection of instruments that you can trade at Plus500 without hidden fees. The average spread on stocks of various companies revolves around 6 pips too, which is highly competitive.

Index fees

Indices at Plus500 generally have higher spreads than other instruments, yet our reviewers didn’t find anything much more expensive than average. Index fees start at as low as 5 pips and there’s still no extra charges to calculate.

Plus500 commissions

Whilst commission fees at Plus500 are always competitive, there are some fees you’ll need to pay if you want to use certain high-end features on the platform. For example, for using currency conversion at Plus500 you’ll be charged a maximum of 0.3% of your profits/losses.

Financing/Overnight rates

If you want to keep trades open for more than one day, Plus500 adds rollover fees to your account, i.e. swaps. A swap is the interest rate difference between the two currencies of a single pair and is either charged or credited to you, depending on which interest rate is higher.

Our Plus500 review team found that, as every forex pair has its specific overnight fee listed on its detailed description page, it’s easy to calculate any swap fees in advance. This means that Plus500 is more transparent than similar brokers. Plus500 does charges triple swaps on Wednesdays, to account for the weekend when the forex market is closed, yet this is standard practice within the industry.

Non-trading fees

When it comes to deposits and withdrawals, Plus500 does not charge any fees themselves and most of the time they will cover any third-party processing payment charges too. Our reviewers did find, however, that some external fees may be applied if you are using an international credit card, an international bank transfer, or an unsupported currency.

Plus500 charge an inactivity fee of 10 USD per month, which you’ll need to pay if you don’t log in to your live trading account for at least three months. This fee is removed as soon as you log in and place a trade. Overall, this is a fair policy that affords you a longer break than at other brokers.


Plus500 safety

Plus500 is regulated and licensed by five separate institutions: FCA, ASIC, CySEC, FSCA, FMA, and MAS. These licenses individually, as well as collectively, give you a high level of safety no matter where in the world you’re trading from. During our review of Plus500 forex broker, we also found that the broker features negative balance protection, segregation of funds, and SSL protection.

Pros
  • 7 different licenses
  • Negative balance protection
  • Segregated funds
  • SSL protection
Cons
  • None

Plus500 licenses and regulation

Plus500 holds seven licenses from different global regulators. This makes them one of the most well-regulated brokers around and ensures that you are protected in hundreds of jurisdictions.

As part of our Plus500 review, our experts verified these licenses with the regulators themselves and found that each was completely issue-free and up to date. As such, Plus500 operates through the following subsidiaries:

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

Is Plus500 safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance Plus400 offers should something go wrong
  • Plus500’s reputation, history, and management

Plus500 client protection

Protecting your funds is one of the most essential priorities for Plus500. In addition to many risk management policies, the broker also provides investor compensation for some clients. Your eligibly for this depends on which subsidiary of Plus500 you are trading with.

In the table below you can see what’s available and where:

Client Protection

CountryLegal EntityProtected Up ToRegulators
United KingdomPlus500UK Ltd£85,000FCA
EEA countriesPlus500CY LtdNo Limit SpecifiedCySEC
AustraliaPlus500AU Pty LtdNo Protection OfferedASIC, FSCA, FMA
SingaporePluPlus500SG Pte LtdNo Protection OfferedMAS
Rest of the worldPlus500SEY LtdNo Protection OfferedFSA Seychelles

Our Plus500 broker review team also investigated the many other features that the broker offers to protect your money. Plus500 has a strict fund segregation policy, which is in place in all jurisdictions. When you deposit at Plus500, your funds are always held in separate accounts with top-tier banks. Should the broker have financial difficulties, therefore, your balance cannot be used for operational costs, debt, or hedging positions.

Plus500 also offers negative balance protection to all clients, SSL protection, and firm data privacy policies. 

Plus500 background and reputation

Plus500 was established in 2008 in the UK, and whilst the company’s headquarters are still located in London, branches can also be found in Israel, Cyprus, Australia, Singapore, and Bulgaria. Plus500 currently boasts over 200,000 customers around the world and 1.3 trillion USD in traded volume. The broker’s prestige is further proven by the fact that it is the main sponsor of Club Atlético de Madrid and part of the UK FTSE 250 index.

In line with FCA requirements, Plus500 regularly submits financial statements publicly. Our team was able to find and read these reports, which speaks volumes about the broker’s transparency to clients, as well as regulatory bodies.


Opening an account with Plus500

Opening an account at Plus500 is quick, easy, and similar to what a trustworthy broker would have. The process requires KYC documentation for your safety, which could slow things down, but luckily our Plus500 review outlines everything you’ll need to have on hand. The minimum deposit requirement is affordable, at just 100 USD, and everything can be completed in less than 15 minutes.


Is Plus500 available in your country?

As of writing this Plus500 review, the broker supports clients from over 50 countries across the world, which is definitely impressive. Clients in some locations, including the US, Canada, and Iran are not able to register, however.

How to open an account at Plus500

To open a live trading account at Plus500, you need to follow the steps listed below. Our experts found that the process takes roughly 10 minutes, is fully digital, and can be completed on both mobile and desktop. This makes it possible to join the broker whenever and wherever you like.

You can simplify the sign-up process significantly by using your Google or Facebook login details. Once you’re done with all these steps, your live account is good to go.

What you will need to open an account

Our team has found during this review of Plus500 forex broker that you need these details to complete the registration process:

  • Personal information – full name, email address, address of residence, and employment information
  • Regulatory information – details of your prior trading experience, approximate annual income, and knowledge of trading basics
  • Documentation – A photo scan of a driving license/passport/residence permit, bank statement/utility bill, and a tax/social security number

To open an account with Plus500, you’ll need to provide proof of identity and proof of address. This process allows Plus500 to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.

What is the minimum deposit at Plus500?

The minimum deposit requirement at Plus500 is 100 USD, or 500 USD if depositing via bank transfer. Although the latter is a little steep, the standard amount is very affordable, and the good news is that these requirements do not change no matter which arm of the broker you trade with.

Plus500 payment methods

When taking a look at deposit and withdrawal methods at Plus500, our team found that you can choose from a range of instant methods, including e-wallets and card payments. When it comes to account currencies, Plus500 matches your base currency to that of where you live. This is somewhat limited to 10 currencies, however, but if you need to change it you can simply contact support.

Payment Methods

METHODDEPOSITING TIMEACCEPTED CURRENCIESDEPOSITING FEEMAX. DEPOSITWITHDRAWALWITHDRAWAL TIMEMINIMUM WITHDRAWAL
Credit/Debit cardInstantUSD/EUR/GBP/NZD/AUD/SGD/ZAR0%YAround 3 business days100 USD0%*
Bank Transfer1-7 business daysUSD/EUR/GBP/NZD/AUD/SGD/ZAR0%YAround 3 business days (sometimes 7 business days)100 USD0%*
PayPalInstantUSD/EUR/GBP/NZD/AUD/SGD/ZAR0%YAround 3 business days100 USD0%*
TrustlyInstantUSD/EUR/GBP/NZD/AUD/SGD/ZAR0%YAround 3 business days100 USD0%*

*10 USD commission will apply on withdrawals lower than the minimum limit


Plus500 account types

During our Plus500 broker review, we found out that the broker offers one retail account type to its clients, which is packed with useful tools and features. Although our reviewers would have appreciated more tailored account types, the retail account is suitable for both experienced and beginner traders.


Account Types

RETAIL ACCOUNT
Minimum Deposit100 USD
Max Leverage1:300*
Minimum Order SizeN/A
Spreads0.7
Commission0%
Available Instrument TypesForex, Cryptos**, Commodities, Indices, Shares, Options, ETFs
Available Instruments (Number)2,000+
Trading PlatformsWebTrader, Windows 10 Trader, Mobile Trader
Automated Trading (Y/N)N
Execution TypeInstant

*Leverage is limited to 1:30 for EU and UK clients
***Availability is subject to regulations

Demo accounts

Plus500 offers a demo account that mirrors all the features and functionalities of the Retail account. The starting virtual balance is 40,000 USD, yet the moment you go below 200 USD, the balance will automatically refill for you. What’s also important to note is that Plus500 doesn’t give you a specific time limit for using the demo account.

Islamic accounts

Unfortunately, our reviewers found that Plus500 does not currently offer an Islamic swap-free account. This is a big disadvantage for Muslim traders, as it means that Plus500 is not Sharia-compliant.


Plus500 trading platforms

The trading process at Plus500 is mainly facilitated by a proprietary platform that works with all main web browsers. On top of that, you can also download app versions of the platform which are available for Windows 10, Android, iOS, and Windows Phone. The Plus500 platform comes with around 100 indicators, which is around average and supports an above-average number of languages. This makes the broker a great choice for non-English speakers.


Plus500 offers 3 trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools too.

To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Plus500’s trading platforms. When doing so, they considered a range of factors including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.

Trading Platforms

WEBTRADERWINDOWS 10 TRADERANDROID/WINDOWS PHONE APP
Instrument ClassesForex, Cryptocurrencies*, Commodities, Indices, Shares, Options, ETFsForex, Cryptocurrencies*, Commodities, Indices, Shares, Options, ETFsForex, Cryptocurrencies*, Commodities, Indices, Shares, Options, ETFs
Number of Instruments2,000+2,000+2,000+
Number of Order Types4+4+4+
Number of IndicatorsAround 100Around 100Around 100
Number of Drawing Tools212121
Robots/EAs (Y/N answer)NNN
Social/Copy Trading (Y/N answer)NNN
Downloadable (Y/N answer)NYY
Browser CompatibilityChrome, Firefox, Internet Explorer, SafariNiOS, Android, Windows Phone

iOS, Android, Windows Phone
*Availability subject to regulations.

Plus500 WebTrader

The Plus500 WebTrader is a fully functioning trading platform that, as our review of Plus500 forex broker shows, doesn’t fall behind its counterparts. You can trade all instruments that are available at Plus500, including forex pairs, shares, and indices,

The WebTrader platform sends you real-time signals about price changes, as well as other price-related alerts and even trader sentiments. You can incorporate them into your trades to increase their profitability.

There are also various orders you can place; stop-loss, take-profit, trailing loss, or guaranteed stop order. Unfortunately, our reviewing team wasn’t able to find auto-trading robots or a social trading feature, however, the simplicity and safety of WebTrader significantly outweigh these drawbacks.

Windows 10 Trader

Plus500 also features the desktop trading platform that is called the Windows 10 Trader. It is available to download in the Microsoft Store. Functionality-wise, Windows 10 Trader is basically the same as WebTrader and even the design of both platforms is close to each other.

You can open trades on one platform and continue modifying them on the other without any shift in trading experience. You also get the same trading signals and have the ability to place the same order types on Windows 10 Trader. All in all, it’s simple and easy-to-use.

Mobile trading

Our Plus500 review team also explored the mobile trading platform that is available for Android, iOS, and Windows Phone devices. These are native apps developed by Plus500, which means almost all the functionalities that you saw in WebTrader and Windows 10 Trader are also available on these apps.

What is the execution policy at Plus500?

Trades at Plus500 abide by instant execution policies. Whilst this means is that there will be occasional requotes from the broker, trades will be opened almost immediately once you’ve placed them. You are able to place 60 simultaneous trades at Plus500, which is a pretty good offer from the broker. For better accuracy, you’ll also get fractional pip pricing from Plus500.


Plus500 markets and products

One of the biggest advantages of trading with Plus500 is that you have the ability to trade a huge selection of instruments. The broker offers over 2,000 trading instruments, spanning across seven different asset classes. If you are concerned about diversifying your portfolio, this selection is perfect for you as it includes a high number of cryptocurrencies* and ETFs.
*Availability is subject to regulations


InstrumentNumber
Currency Pairs71
Commodities25
Precious Metals0
Indices29
Stocks and Shares1000
Cryptocurrencies13 (availability subject to regulations)
Options600
ETFs95

Currency pairs

Our review of Plus500 found that this broker is perfect for forex traders. Currency pairs are among the main trading assets and you can choose from major, minor, and exotic pairs. This gives you an opportunity to trade currencies you may not find elsewhere, such as CHF/HUF and EUR/MXN. In total there are 71 pairs available to trade.

Commodities

Over 20 different commodities, including Oil and Natural Gas, are available at Plus500. These instruments come with the maximum leverage of 1:150 for non-EU traders, which gives you the ability to increase your capital standing significantly and generate much larger profits.

Precious Metals

At Plus500 you can trade four different precious metals. This includes both Silver and Gold, as well as Palladium and Platinum. This gives you a great chance to hedge your trades against safe-haven instruments. Note, that whilst you can trade these precious metals as CFDs, there’s also plenty of metal options to explore too.

Options

Options are among the largest instrument classes available at Plus500. Our team was able to find over 600 different symbols on the broker’s website, and you can further enhance your trading capabilities by using the maximum of 1:10 leverage for every option offered here.

Indices

When it comes to indices, our Plus500 broker review has revealed almost 30 different indices that fall within two categories: country indices and sector indices. Plus500 also allows you to use the maximum of 1:300 leverage for indices if you are trading outside of the EU.

Stock and shares

There are more than 1,000 different stocks available at Plus500 for you to trade. These shares represent some of the most powerful and popular companies in the world, including Facebook, Apple, Microsoft, and Alphabet. The leverage is 1:300, or 1:5 for traders within the EU.

Cryptocurrencies

It’s always nice when you find a broker that features cryptocurrencies on its platform, and Plus500 excels in this department. are 13 different digital currencies for you to trade, including Bitcoin, Ethereum, EOS, and more. Please note, the availability of cryptocurrencies is subject to regulations.

ETFs

You can also find almost a 100 different Exchange-Traded Funds (ETFs) at Plus500, including popular choices such as XX Volatility and SPDRUSA500, which you can combine with a 1:100 leverage (1:5 for EU traders).  


Plus500 research tools

When it comes to research, our reviewers found that Plus500 gives you a limited number of tools and features in comparison to other brokers. That said, you do have access to hundreds of indicators, trading signals, and sentiment charts. What’s more, these are all of high quality, and can significantly increase the profitability of your trades.


Plus500 Research Tools
News (from top-tier sources)N
Trading Signals and IndicatorsY
Trade IdeasN
Expert AnalysisN
Autochartist ToolsN
Sentiment ChartsY
Economic CalendarY

Trading signals and indicators

The trading signals available at Plus500 allow you to keep track of market developments. You can incorporate various price alerts, price changes (both daily and hourly), and traders’ sentiments into your trades to make more informed decisions.

Our team was also able to find hundreds of indicators that help you to perform technical analysis. For instance, you can incorporate Fibonacci Retracement lines in your trades to have a more or less clear idea of which direction the next price movement will be heading in. These are all available within the Plus500’s WebTrader platform.


Plus500 education and training

During this review of Plus500 forex broker, we explored the Trader’s Guide section of the website, which offers educational video content. This is a great tool for any level of trader, however, we did find that the range of educational materials on offer was a little more limited than with other brokers. Overall, if you are a beginner trader, we would recommend signing up for a third-party learning course before trading with Plus500.


Plus500 Educational Features
Demo AccountY
Platform Tutorial VideosY
Educational PDFsN
Live WebinarsN
YouTube VideosY
Trading AcademyN
Trading GlossaryN

Platform tutorial videos

The Trader’s Guide at Plus500 offers you a selection of tutorial videos that cover CFD trading, popular trading strategies, trading with Plus500, and using the broker’s proprietary platform. Each video is around 2 minutes long, is very easy to understand, and comes with an extended article underneath. This should give you a good overview of key concepts.

YouTube videos

You can find all the video tutorials mentioned above on YouTube, along with a few additional videos. Our reviewers appreciated that Plus500 has chosen to upload these to the video-sharing platform, as it means that it’s easy to watch them on-the-go and to share them with friends.


Plus500 customer support

Unlike many other brokers, Plus500 offers 24/7 customer service through both email and live chat. You can also contact the broker via WhatsApp, which reduces costs for international clients, or through social media, including Facebook and Twitter. Our review team were a little disappointed to find that you cannot call Plus500 by telephone yet, overall, it’s clear that they are committed to offering excellent help and support.

Pros
  • Prompt email support
  • 24/7 operation
  • Helpful answers
  • Thorough FAQ section
Cons
  • No telephone support

Here are the ways you can get help when trading at Plus500:

  • Email: [email protected]
  • FAQ section available on the website
  • Live Chat
  • WhatsApp: +447780007138 (number may be subject to change in various jurisdictions)

Email

When we emailed Plus500 support as part of this broker review, we found the staff to be very helpful, friendly, and knowledgeable. We also found that this was much quicker than at other brokers; we got a response from the broker within 10 minutes. Email support is also available on mobile.

Live Chat

Our team was more than happy to find that Plus500 offers 24/7 live chat support, both in browser and via WhatsApp. To use the online chat, you simply need to enter your email address and name, and you’ll be connected to a support agent within seconds. To contact the broker via WhatsApp, you can simply click the option from within your mobile browser, and then you’ll be automatically added to a chat with the broker. This means you don’t need to waste time saving mobile numbers, and WhatsApp will clearly display a green tick mark to assure you that you’re speaking to an official business account.

FAQs

The FAQ section at Plus500 is one of the most extensive we’ve found in the industry. It features answers for everything from opening an account, to trading fees. Each answer is clear, easy to understand, and transparent. This speaks volumes about how focused Plus500 is on providing a great customer experience.

Mobile compatibility

The mobile version of the Plus500’s website is as responsive as its desktop counterpart. The navigation bar is shrunk in the top-right corner of your screen where you can access all of the tabs, including the Investment Categories, Trading, and Company. 

As far as functionality goes, you can do everything that you can on the desktop platform: create a Plus500 account, fund it via credit/debit cards or other methods, and contact the customer support through the email.


Plus500 – Our verdict

Plus500 entered the trading market in 2008 and immediately started making noise. Our review team can see why now; Plus500 offers a high level of security, thousands of trading instruments, low costs, and excellent customer support. Overall, we’re happy to recommend then broker to both new and experienced traders.

The amount of regulation offered at Plus500 is unbeatable. With licenses from seven top-tier authorities, these work together to ensure the highest financial standards. Coupled with sophisticated fund protection mechanisms, you can be sure that your financial stability is guaranteed at Plus500.

Although we did find that the broker is geared towards more practiced traders, as it lacks extensive educational and research materials, we still think you cannot go wrong by choosing Plus500. Sign up with ease today to find out more.

Plus500 Final Summary
Minimum Deposit (USD)100
LicensesFCA, CySec, FSCA, ASIC, -.
Max. Leverage1:30
Client ProtectionY
Broker TypeMarket Maker
Number of Instruments2,000+
Currency Pairs71
Stocks1000
Cryptocurrencies13 (availability subject to regulations)
CFDsY
Proprietary Trading PlatformN
MT 4N
MT 5N
Mobile CompatibleY
Research ToolsY
Educational MaterialsY
Payment MethodsBank transfer, Visa, MasterCard, PayPal, Trustly
24/5 Customer SupportY
Live ChatY

* Leverage limited to 1:30 for EU and UK clients
*Availability of cryptocurrency CFDs is subject to regulations

Plus500 information

  • Year Founded: 2008
  • Company Trading Names: Plus500UK, Plus500AU, Plus500CY, Plus500SG
  • Licenses: FCA, ASIC, CySEC, FSCA, FMA, and MAS
  • Headquarter Address: Throgmorton Street 33, London EC2N 2BR
  • Phone Number: +44 203 002 7290
  • Facebook: https://www.facebook.com/Plus500
  • Twitter: https://twitter.com/plus500

Risk Disclaimer: Plus500 offers CFD products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Our methodology: This review of Plus500 has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.

We update our methodology and our reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

The information displayed herein about Plus500CY Ltd. and its services is merely generic and derived from publicly available reliable sources or received from Plus500CY Ltd. (Entity authorized to operate in Spain through the passporting regime, reg no. 384).


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FAQs

Is Plus500 regulated?

Yes, our Plus500 review has shown that the broker is regulated by seven different authorities; the UK FCA, ASIC, CySEC, FSCA, FMA, MAS, and FSA Seychelles. Each regulatory body listed here is powerful enough to ensure high financial standards when trading with this broker and, once you combine all of them, the bar raises even higher.

Is Plus500 a scam?

Not at all. Plus500 features six different licenses from six separate financial regulators, putting it on par with the best forex brokers in the industry. The broker also offers many client’s fund protection mechanisms, including negative balance protection, stop-loss, trailing stop, and guaranteed stop. Your funds are also insured, if you are trading within Europe, up to €20,000.

What is the minimum deposit at Plus500?

At Plus500, you need to deposit 100 USD in order to create a live trading account. This is a pretty affordable trading condition, compared to other brokers, that will work for the majority of traders, including beginners and veterans.

Does Plus500 charge commission?

Plus500 does not charge deposit fees/commissions. When you trade with Plus500 you also needn’t worry about hidden charges as their pricing structure is transparent. This includes competitive spreads which are dependent on the instrument you are trading.

What Plus500 account types are there?

Currently, there’s only one Retail account that you can create at Plus500. However, this doesn’t mean that you have no flexibility in terms of the leverage ratio, spread quotes, and other important trading elements. The broker still allows you to choose the best trading conditions for you.

Cryptocurrency Trading
2,000+ Instruments
Min Deposit: $100

5.0
Licensing & Safety
4.0
Markets
5.0
Bonuses & Promotions
4.0
Customer Support
4.5 Overall Rating

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✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

Plus500 review
4.5/5