Last update: 17 June 2020
9 min read

Plus500 Review

$100 Min. Deposit
N/A Bonus
Open account
Regulatory Body
Trading platforms
Customer support
Languages support
Num of instruments

Plus500 Review

If you’re looking for a trusted and experienced CFD broker, then our review of Plus500 is a good place to start.

Plus500 is a global brand that operates from 4 offices across the world. It is highly-regulated, by several of the world’s strictest authorities, and is committed to offering excellent round-the-clock customer support.

Tight spreads and a low minimum deposit limit make this broker an appealing choice for beginner traders, however as it is a CFD broker, we’d suggest it’s better suited to intermediate traders looking to diversify their portfolio. At Plus500, you can explore over 2,000 trading instruments, including forex, commodities, ETFs, stock shares, indices, options, and cryptocurrencies.

Read on to discover the reliability of Plus500 in our detailed review.


  • ProExtremely low trading fees without commission
  • ProOver 2,000 tradable assets
  • ProHighly-regulated broker with over a decade of experience
  • ProBest broker for intermediate level traders


  • ConNo support via telephone
  • ConAccounts Inactivity fees are charged

Company informationCompany information

Plus500 launched in 2008, offering a proprietary PC=based trading platform. Since then, the broker has continued to thrive in the areas of innovation, technology, and superior customer experience.

Plus500 now boasts over 304,000 active traders across the world and, in 2018, the company listed on the London Stock Exchange. It is also part of the UK FTSE 250 index. These credentials ensure that Plus500 is transparent and accountable.

The broker offers over 2,000 CFDs, including 70+ Forex pairs, 30+ indices, 80+ ETFs and 22 commodities. In 2013, Plus500 introduced the first Bitcoin CFD in the world, and they now offer 14 crypto options.

The company’s headquarters are located in Haifa, Israel, yet they also have offices in Tel Aviv, Sydney, Limassol, Sofia, and London. Clients from over 50 countries can enjoy the broker’s platform, however, they do not currently support US traders.

Plus500 regulation and licensingPlus500 regulation and licensing

Plus500 is regulated by the most reputable controlling authorities across the globe. The broker is regulated as follows:

  • FCA regulates operations in the UK.
  • CySEC regulates the broker’s operations in Cyprus.
  • ASIC oversees activities in Australia.
  • ISA regulates operations in Israel.
  • MAS is the regulatory authority for Plus500 in Singapore.

UK customers are further protected with insurance from the Financial Services Compensation Scheme (FSCS), which will pay investors up to £85,000 if the broker goes bankrupt. A similar scheme is in place for EU clients, who trade with the Cyprus branch.

Plus500 has taken additional steps to protect investor funds by keeping them in segregated bank accounts. The operating environment is also digitally protected using firewalls and secure socket layer (SSL) encryption. This is to prevent hackers and enable traders to transact their businesses in a very safe environment.  Overall, our Plus500 broker review team found that your funds and transactions are completely safe with this broker.

Account typesAccount types

Plus500 offers two different account types, a regular retail account and a professional account that is reserved for high-volume traders.

The regular account has a minimum deposit limit of $100 and the broker offers floating spreads. The EUR/USD pair average spread is around 0.6 pips. The leverage offered depends on the asset traded and the client’s country of residence. European clients trade with a maximum leverage of 1:30 while global clients trade with a leverage of up to 1:300.

Plus500 offers the ‘Professional account’ to clients who meet the investment portfolio minimum of $500,000 or more and have verifiable trading experience. Professional accounts have leverage of up to 1:300.

Both account types come with negative balance protection and four different stop order types. These features may slightly increase the spread, but they also help to protect you from slippage

Our review team is also happy to report that Plus500 allows all clients to create and use demo accounts without limits or fees.

Plus500 trading costsPlus500 trading costs

In comparison to other CFD brokers, Plus500 has extremely low trading fees. For starters, the broker does not charge a commission on any of their accounts, as the fees are incorporated into the spread. What’s more, the broker offers tight spreads when compared to competitors.

Our reviewers also found that there are no fees for deposits, opening, and closing trades, or rolling your position. You may incur inactivity fees of $10, however, if you leave your account dormant for over 3 months.

Plus500 payment methodsPlus500 payment methods

Plus500 provides you with a completely secure payment interface so that you can make swift transactions with confidence. All sensitive data is encrypted, and you can deposit and withdraw via a wide array of trusted payment methods.


Available banking methods may change depending on your location, but generally, you can choose between bank transfers, credit/debit card payments, and e-wallet services. Our review team found that card and e-wallet deposits are processed instantly, whilst bank transfer deposits take up to seven working days.

Plus500 aims to process all withdrawals within three working days. After this time, however, your funds may still take a little longer to reach you, depending on your payment method. E-wallet withdrawals, for example, are usually credited immediately after the processing period is cleared. Bank transfers, in contrast, can take a further four working days.

Plus500 trading bonusesPlus500 trading bonuses

At Plus500, all international clients can take advantage of a range of rewards.

For starters, all active clients will accumulate Trader Points when they begin to make trades. The number of points you receive is based around your trading instrument and the spread. You can then use these points to unlock extra bonuses and perks.

New traders can also pick up an initial deposit bonus, upon meeting certain criteria. You’ll first have to deposit a certain amount of funds, then acquire enough Trader Points to unlock the bonus cash. Although this means you cannot use the bonus to decide whether Plus500 is the correct broker for you, it does give you some extra funds to use once you’ve got to grips with the site. Our reviewers found this to be more beneficial in the long run.

Plus500 offers rebates, which are awarded to traders on a weekly basis. Your rebate value is based around the number of trades you made that week and their value. In some jurisdictions, clients are automatically enrolled in the rebate program, whilst in other locations, the broker may contact you when you become eligible.

By regulation, bonuses are not offered to EU/UK clients.

Plus500 trading platformsPlus500 trading platforms

The Plus500 website is easy to navigate and you can register at the site within minutes. This process is made even easier if you already use Google or Facebook, as the website is integrated with these social platforms. You can, therefore, create an account using your existing login details.

Plus500 offers its own proprietary trading platform which you can choose to download or access through your browser via WebTrader. Our review team found the Plus500 trading platform to be user-friendly, fast, and available in 30 languages.

The platform has over 90 indicators, 8 chart styles, 10 timeframes, and drawing tools. These are important tools for technical analysis. You also have the option of setting email and SMS price alerts and an economic calendar is also embedded in the trading platform.

Mobile compatibilityMobile compatibility

Plus500’s website is completely mobile-optimized. You can also access the trading platform via your mobile browser, or you can download it as a native app for Windows, Android, and iOS.

Whichever way you decide to visit Plus500 on your mobile, you will have complete functionality. This means that you can trade on the go, use analytical tools and manage your account. This includes making deposits and withdrawals and contacting customer service.

Education and trainingEducation and training

Plus500 provides you with an unlimited demo account, which you can use for training and practice purposes. This account is free of charge, which makes it perfect for beginner traders.

Besides the demo account, the educational materials at Plus500 are quite limited. The Trader’s Guide page of the website features three video lessons, although these are only useful to complete novices. Our review team was disappointed to find there are no materials, such as webinars, suitable for intermediate or experienced traders.

Plus500 customer supportPlus500 customer support

During our review of Plus500, we were pleased to discover that customer support is available 24/7 via email, live chat, and WhatsApp. These services are offered in numerous languages, and we found the staff to be fast, knowledgeable, and very willing to help.

You can also contact the broker via Facebook, Twitter, and Instagram, although it’s worth noting that there’s no guarantee of round-the-clock assistance via these social platforms.

Plus500 – Our verdictPlus500 – Our verdict

Plus500 is a reliable broker that offers a high-quality experience to all types of traders. It is also highly-regulated by authorities from across the globe, which gives you peace of mind no matter where you’re trading from.

Competitive trading fees, an unlimited demo account, and a low minimum deposit limit make this broker perfect for new traders, although our review team also found that Plus500 caters for professional traders well too. The rebate scheme offers you some great incentives and the range of trading instruments gives you an opportunity to diversify your portfolio.

Overall, it’s easy to see why Plus500 has been a popular choice with traders for over a decade. Sign up for an account now to join thousands of satisfied clients.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.5% 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 before trading.

Frequently asked questions (FAQ)

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1 comment on “Plus500 Review”

  1. gary says:
    Country & city: spain
    Rating: .
    he is the most biggest scam of the uk i lost lot of money please dont trust him.