Plus500: A Review of Cryptocurrency, Forex, ETF, and CFD Trading PlatformVerified broker

Plus500: A Review of Cryptocurrency, Forex, ETF, and CFD Trading Platform title=
3.9/5
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When it comes to trading platforms, it’s not easy to stand out in a competitive market – yet Plus500 has done precisely that.
Min. deposit
$100
Website address
Demo account
Yes
Currency
AUDCZKEURGBPUSDZAR
Supported languages
EngRus
Active
Yes
Payment Methods
Apple PayCredit CardDebit CardGoogle WalletMastercardPayPalPOLiSkrillSwiftTrustlyVisaWire Transfer
Instruments
CFDs (forexCommoditiesetc.)ETFsFuturesOptionsshares
Min. trade price
Varies by asset
Regulated By
ASICCySECDFSAEFSAFCAFMAFSAFSCAMAS
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android and Windows
Margin Trading
Yes
Volatility Index
Yes
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
Yes
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
Yes
Auto Trading
No
Social Trading
No
Copy Trading
No
Trade Signals
No
Islamic Account
No
Guaranteed Stop Loss
Yes
Stock Exchanges
Australian Securities ExchangeBorsa ItalianaDeutsche BoerseEuronextLondon Stock ExchangeSIX Swiss Exchange
Commodities
AluminiumCannabisCocoaCoffeeCopperCornCottonGasolineGoldLithiumLivestockOilPlatinumSilverSoybeansSteelSugar
Forex Trading
Plus500 Offer forex trading via CFDs with tight variable spreads and a range of well over 70 currency pairs. Free Unlimited Demo Account.
Forex GBPUSD Spread
Variable
Forex EURUSD Spread
Variable
Forex EURGBP Spread
Variable
Forex Assets
70+
Crypto Spread
Variable
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BCH, BTC, EOS, ETH, IOTA, LTC, NEO, XMR, XRP
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

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The Trustpilot rating is 4,
according to 11504 reviews

4.5 Stars
Fabio
Fabio
stars
it
The platform is simple to use, notifications of alerts are free even if sent by SMS, withdrawal and deposit of funds are quite fast. Using the application with an iPhone, the horizontal screen of the graph often returns to vertical. This is kinda inconvenient.

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Khairi
Khairi
stars
ae
Prompt clearance of the money withdrawal request. Approved in 3.5 Hrs time. Will be received in 3-4 working days in the account. Well done Plus 500

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Ashoqollah
Ashoqollah
stars
at
Wonderful App for beginners. What i liked the most is withdrawal system, you will receive your money within one and half business day

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Steve Ditshego
Steve Ditshego
stars
za
Withdrawals now take less than 24 hours to reflect in my account and no longer days like before.

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אסף סיר
אסף סיר
stars
il
Responsive support team and good app/site all around

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Roma Gubin
Roma Gubin
stars
il
Good provider. One of the best.

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Content

When it comes to trading platforms, it’s not easy to stand out in a competitive market – yet Plus500 has done precisely that.

Plus500 has become a go-to option for anyone seeking a user-friendly and comprehensive trading experience, thanks to its excellent reputation and a package of features that cater to traders of all levels. Whether you’re new to trading or a seasoned professional, Plus500 has something to offer you.

Choosing the right trading platform for transactions involving currency, stocks, or other assets (bonds, cryptocurrencies, etc.) can be a complex decision, which is why I shall be providing everything you need to know about Plus500’s reputation and reliability, history, range of services offered, and more. Now let’s take a closer look at what sets this platform apart.

Pros and Cons of Plus500

Pros and Cons of Plus500

When it comes to trading platforms, Plus500 has both advantages and drawbacks to consider. Here are a few to keep in mind:

Pros and Cons of Plus500

Pros

  • Low cost of service
  • Wide range of instruments
  • Availability of a free demo account
  • Availability of a functional mobile platform
  • User-friendly platform

Cons

Further reading

General Characteristics of Plus500

General Characteristics of Plus500

If you’re looking for a reliable and established trading platform, Plus500 is a great choice. With almost 15 years of experience, it is one of the leading platforms in the world, offering top-notch service and a range of excellent features.

As a top-performing broker, Plus500 offers a smooth user experience, excellent customer assistance, and a broad selection of markets to trade in. It is one of the most meticulous CFD brokers, with some of the strictest regulations in the world, giving its users adequate security.

The broker offers a robust platform and features unique tools, like the +Insights section, which leverages data from its extensive client base. This gives you access to valuable information that can inform your trading decisions.

At Plus500, CFDs (Contracts For Difference) are utilized for all forex trading instead of non-deliverable spot forex. Other brokers commonly offer this type of rolling contract, but Plus500’s approach provides opportunities to earn money across various markets.

These include shares, foreign exchange, stock indices, commodities, and cryptocurrencies. If you’re interested in investing in a broad range of assets, Plus500 presents an excellent option.

Further reading

Management Company

Management Company

A management company is like a broker’s support system; they are in charge of handling the organization’s day-to-day operations. This entails managing personnel matters and finances and ensuring the broker complies with all applicable laws.

During my review of Plus500, I researched the management company operating the platform. This was essential as I wanted to ensure the company had a solid and trustworthy reputation.

Plus500 Ltd owns the Plus500 brand and all associated legal rights. This company manages the brand and grants affiliated companies the ability to use the trademark.

Plus500 Ltd (PLUS.L) is a publicly listed company that trades on the London Stock Exchange (LSE) and is a constituent of the FTSE 250 Index. The high liquidity of the company’s shares on the Alternative Investment Market (AIM) of the London Stock Exchange strongly indicates Plus500’s reliability and credibility.

Further reading

Supervisory Bodies

Supervisory Bodies

One of the simplest ways to determine if a financial platform is reliable is to look at how well it adheres to the guidelines established by a supervisory body.

As Mark Carney, former Governor of the Bank of England, once said: “Well-designed regulation can play a crucial role in ensuring that trading platforms operate transparently, fairly, and in the best interests of their customers.” Plus500 is subject to regulatory oversight from multiple supervisory bodies.

multiple supervisory bodies

Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is responsible for monitoring the financial markets in the UK to ensure consumer protection, maintain financial stability, and foster competition.

Additionally, the company falls under the Australian Securities and Investments Commission (ASIC) jurisdiction. ASIC oversees the Australian financial markets to ensure their operations are fair, transparent, and efficient. Plus500 Ltd is also authorized and regulated by Cyprus’s Cyprus Securities and Exchange Commission (CySEC).

Further reading

Customer Service

Customer Service

As a trader, you need a reliable and accessible support system because it can significantly impact trading decisions while posing minimal risks.

Accessing dependable customer support is essential for traders to make informed decisions and tackle any challenges that may arise in trading. Plus500 acknowledges this reality and has established a solid support system to assist you whenever necessary.

Plus500’s customer support is accessible around the clock and is characterized by prompt and trustworthy assistance. You can use the live chat and email alternatives that offer speedy and efficient support, guaranteeing that you can receive the necessary help quickly.

Although phone support is unavailable, the integrated “Contact Us” page provides a convenient way to submit inquiries or concerns, making it easy to receive the help you need.

Plus500: Overview of Services Provided

Plus500: Overview of Services Provided

It’s critical to comprehend the services offered before signing up for any trading platform. This helps you as a trader to make an informed decision and choose a platform that meets your needs.

Plus500 may be the right choice if you are a regular trader seeking a platform to trade numerous financial instruments. Plus500, headquartered in Israel, was founded in 2008 and has offices worldwide, including the United Kingdom, Australia, and Cyprus.

With Plus500, you can trade a variety of financial instruments (forex, stocks, commodities, indices, and cryptocurrencies). Furthermore, Plus500’s online trading platform is available 24/7. It gives you access to technical analysis tools, educational materials, and real-time market data to help you make well-informed trading decisions.

Further reading

Cost of services

Cost of services

The fees involved with using the services of a financial service provider must be carefully considered.

Expert traders claim that Plus500 is a highly recognized forex broker that distinguishes itself from competing similar platforms by offering minimal service fees. With Plus500, you are not charged any commissions on your trades, making it a cost-effective option. Plus500 charges its customers a variety of fees for using its services, including:

  • Spreads: Plus500 charges a spread on most of the financial instruments it offers, which is the difference between an instrument’s bid and ask price. The spread size can vary depending on the instrument and market conditions.
  • Overnight financing charges: When you hold a position overnight, you may be charged a financing fee based on the interest rate differential between the two currencies involved in the trade.
  • Inactivity fee: If you do not log in to your account for a certain period, you may be charged an inactivity fee.

To add funds to your account, the brokerage company’s customer can use the following:

  • bank cards (international payment systems);
  • bank transfer;
  • electronic wallets.

You can start trading on Plus500 with a minimum deposit of $100. However, one of the only drawbacks of Plus500 is that the process for funding withdrawals can take up to 7 working days. However, Plus500’s cryptocurrency-to-fiat currency exchange process is faster than some specialized resources, taking only a few minutes.

Security

At Plus500, they take your security seriously. The online trading platform is fully licensed and is committed to protecting your data and assets. Plus500 keeps client funds separate from its funds in segregated accounts to safeguard security. If Plus500 falls insolvent, your funds will be protected and refunded.

This trading platform uses industry-standard encryption technology to safeguard sensitive information sent over the internet regarding personal information security. Additionally, the company enforces stringent internal policies and controls to guarantee the security of your information.

Further reading

User Experience

User Experience

During my experience with Plus500, I could test my trading skills with a demo account with €40,000 in funds. I decided to try trading Bitcoin and found the platform user-friendly with a step-by-step guide provided by the casino.

provided by the casino.

However, there were certain areas where I felt Plus500 could improve. Firstly, the research and analysis tools provided were limited. As someone who values making informed trading decisions, I would have appreciated more comprehensive tools. Expanding these resources could help users be more successful in their trading endeavors.

Another area for improvement is the fact that the MetaTrader platform is unavailable. As someone familiar with and enjoys using this platform, I would have preferred access to it on Plus500.

Further reading
FAQs

FAQs

  • What financial instruments are available for trading on Plus500?

Plus500 offers a wide range of financial instruments for trading including cryptocurrencies, forex, ETFs, commodities, indices, and CFDs.

  • Is Plus500 regulated?

Plus500 is regulated by several top-tier financial authorities including the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

  • Does Plus500 offer a demo account?

Yes, Plus500 offers a free demo account that traders can use to practice trading before they start using real money. The demo account is fully functional and provides access to all of the same instruments and features as the live account.

Conclusion

Overall, Plus500 is a trustworthy and reasonably priced online trading platform providing various financial instruments. While Plus500 may have limited training materials, its free demo account still offers beginner traders value.

This allows novice traders to gain experience and practice their skills without financial risk. For experienced traders looking to test their abilities, Plus500 offers a diverse range of assets to trade.

Further reading
General Risk Warning: Your capital might be at risk