Plus500 Guide – Read our In-Depth Plus500 Review
This Plus500 review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Plus500 review does not apply to US users.
If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get adept at all the concepts of broker as you continue trading. For starters, you have to select the ideal broker who will be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program will create hefty returns. Plus500 is just one such platform which will take you along with your investment to great heights. It's crucial to know all about Plus500 until you trust them with your money.
Our full Plus500 Review covers everything you need to learn about trading using Plus500. A fantastic agent can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully analyze your agent before you select them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Plus500 is a broker that has paved its way successfully into the brokerage world. Within this review, we have tried to collate some of the important aspects of Plus500. This review will help you to understand whether Plus500 is a good fit for your own investments or not. We've attempted to breakdown all the qualities and charges for your advantage.
Plus500 Review, Table Of Contents
- Who are Plus500?
- Benefits Of Trading With Plus500
- Everything you should know about trading with Plus500
- Is Plus500 Safe To Trade With?
- Pro's & Con's Of Trading With Plus500?
- Compare Brokers Similar To Plus500
- Regulation And Licencing In More Detail
- Plus500 Awards
- Minimum Deposit Required For A Live Account With Plus500
- Plus500 Commission And Fees Explained
- Compare broker fees against Plus500
- Plus500 Withdrawal Fees Explained
- Plus500 Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Plus500?
- Alternatives To Plus500
- Frequently Asked Questions About Plus500
Who are Plus500?
Plus500 is a foreign exchange broker headquartered in Israel and provides a variety of instruments for trading. Since its inception in 2008, Plus500 has emerged as a top-tier player in the field of online broker. Plus500 has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.
Over the past 13 years, Plus500 has grown into one of the leading online brokers.
After launching in 2008, their customer base has become as large as 1,000,000+ clients.
Plus500 is a favorite of many traders because of its negative balance protection. Our Plus500 review discovered that they're an excellent choice for automated trading solutions. It's most appropriate for investors that are searching for an assortment of assets. Social and automated trading solutions are the heart at Plus500.
Technology plays a substantial role at Plus500. Plus500 offers trading on Web Trader, Tablet & Mobile apps. Plus500 is honest, transparent, and a well-regulated agent by the Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Plus500 is very enlightening for new traders as it allows them to get a closer look at the financial markets. Plus500 caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.
Who Founded Plus500?
The founders of Plus500 are Shimon Sofer, Omer Elazari, Alon Gonen, Gal Haber, Elad Ben-Izhak, Shlomi Weizmann
The creators of Plus500 are famous for their expertise in the sphere of online trading. However, there are a lot of other key people at Plus500 who have a substantial impact on it's success.
If you feel that Plus500 is not right for you then at the bottom of this Plus500 review you wil find a lot of alternatives to Plus500.
What you should know about trading using Plus500
Plus500 is a lively platform that provides various techniques of trading online. These tools cover the financial markets substantially. The Majority of the broker platforms provide fewer procedures than Plus500
If you wish to trade with Plus500, you'll need a minimum deposit of $100. This deposit is compulsory if you want to begin trading with Plus500. This 2021 Plus500 review will guide you clearly about trading with them.
Plus500 is as versatile as any other brokerage platform. Plus500 is ideal for traders that want a manageable assortment of cheap services. The programs offered by Plus500 are third party, white-label offerings. All traders can pick out of Web Trader, Tablet & Mobile apps.
Together with everything, Plus500 has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The brokers provide premium client service which rewards customers with benefits.
Many unprofessional brokers try to pressurise users into bigger funding for premium services. Plus500, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
Plus500 accounts are available globally and provides outstanding service wherever they have clients. There are a few countries where Plus500 accounts are not available. Traders in the following countries cannot open or use a Plus500 account:
Is Plus500 Safe To Trade With?
Established in 2008, Plus500 has been open for 13 years, they have a head office in Israel.
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. These figures have rules that ensure that trading platforms have measures in place to keep investor's assets procured. This means that Plus500 users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with Plus500 for heightened security. An SMS with the confirmation code will be sent to your phone. You'll be required to input this code to log into your account.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage.
Pro's & Con's Of Trading With Plus500
Every online trading platform has some pros and cons Plus500 review would be complete without having a balanced approach. This Plus500 review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Plus500 is trusted by 1,000,000+ clients
- Plus500 offers Negative Balance Protection
- Plus500 doesn't charge withdrawal fees
- Plus500 doesn't charge deposit fees
- Plus500 doesn't charge CFD fees
- Plus500 offer trading on Web Trader, Tablet & Mobile apps
- Plus500 offer 2,000 trading instruments
- Plus500 trades major forex pairs
- Plus500 trades minor forex pairs
- Plus500 trades exotic forex pairs
- Plus500 offers trading on cryptocurrencies
- Plus500 can communicate in English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
- Plus500 does not offer Guaranteed Stop Loss
- Plus500 charge inactivity fees
Plus500 Review - Compare Brokers Similar To Plus500
|Regulated By||Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546||Australian Securities and Investment Commission (ASIC)||Unregulated||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||76.4% 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.||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits|
Plus500 Review - Regulation And Licencing In More Detail
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Plus500, as a business, has a strong collection of rules for ensuring fair trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
Plus500 Review - Awards
- In 2017 Plus500 was awarded ADVFN International Financial Awards Best CFD Provider.
- In 2019 Plus500 was awarded Ask Traders Best Forex Broker.
- In 2018 Plus500 was awarded FXEmpire Best broker.
- In 2019 Plus500 was awarded Day Trading Best Overall Broker.
- In 2019 Plus500 was awarded Day Trading Best Trading App.
Plus500 Review - Minimum Deposit Required
The minimum deposit that you need to get started on Plus500 is $100. This is an adequate amount for people just starting out. It's possible to make more advanced residue as you cooperate. However, make certain you know how to make the most of your money before investing in larger sums.
Plus500 Review - Commission And Fees Explained
Plus500 is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are paying a spread, funding speed, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, Plus500 doesn't charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by Plus500 are comparatively greater. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This Plus500 review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Plus500
Plus500 Review - Withdrawal Fees ExplainedPlus500 doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Plus500 account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always need to have any money on your accounts.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Plus500 will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.
Plus500 Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with Plus500. An inactivity fee is an amount charged to registered dealers that have not engaged in purchasing or selling for some time. The period considered inactive is determined by the agent.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a traders account doesn't have a purchasing or selling transaction, it's maintained by the agent as an inactivity charge. The traders need to pay this commission under terms and conditions they had consented while enrolling.
Plus500 charges an inactivity fee when you don't create any trades for a while.
Even if no charges are implied by Plus500, it's better for you to close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.
Plus500 Review - Deposit Fees Explained
When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.
Plus500 doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Plus500 trading platform is easy. You simply need to complete a single-user profile survey to start depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit substantial sums.
Plus500 Review - Compare Broker Deposit Methods
What Can You trade With Plus500?
Note: Plus500 provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will be different based on the country of residence of the client.
Plus500 has a wide variety of over 2,000 instruments available for you to trade with.
If trading forex pairs is of interest to you then Plus500 offer over 100 forex pairs.
Compare Plus500, Eightcap, Nabtrade & Roboforex below.
Alternatives To Plus500
If, after reading this Plus500 review, Plus500 doesn't meet your needs check out these Plus500 alternatives.
We have scoured the internet to find the best alternatives to Plus500. Click the hyperlinks below to find out more.
Frequently Asked Questions about Plus500
Can I try Plus500 before I buy?
Yes, you can most definitely try Plus500 before you buy. Plus500 offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demo account on Plus500, you will set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you decide to invest your own money.
With this digital Plus500demo account, you can experiment in any way, to whatever length you desire. You might also start positions, examine different trading strategies, and more.
Plus500 specifies on its official website that you can exchange real time stocks with your demo account.
Is Plus500 safe?
It is possible to drop all of your worries because we believe that Plus500 is completely safe to use. It's in compliance with all the principles of Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Even so, Plus500 does not provide assured stop-loss protection.
Why does Plus500 ask for my passport?
The reason that Plus500 asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Plus500 has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Plus500 must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Plus500?
The process to start trading withPlus500 is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Plus500 website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Plus500 is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Plus500.
The best way to kickstart your trading career with Plus500 is to open a demo account facility before risking any real money
What funding methods do Plus500 accept?
There are a number of ways to fund your account with Plus500. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in every country. The currencies Plus500
Is my money safe with Plus500?
Yes, your cash is safe and protected with Plus500. As you know, Plus500 works with proper conformation to. It has established lots of steps to guard all of its investors.
Plus500 protects its customers' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can empower Two-Step Verification as well. It requires an SMS confirmation that you get your accounts.
Is Plus500 trading good?
Yes, trading via Plus500 is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you can even gain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Plus500 support?
Plus500 operates around the world. However, due to regulations there are some countries that Plus500 do accept clients resident in
Is Plus500 legit?
Plus500 is a legit company headquarted in Israel since 2008. They are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546. Plus500 is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Plus500 a good broker?
Plus500 is an excellent broker, and its users may vouch for it. The highlight of this platform is its fast order execution on transactions.
You'll discover the clean design of the platform and the commendable features that a pleasure to work with.
Is Plus500 a trustworthy broker?
Yes, Plus500 is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,000,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Plus500?
The minimum deposit to open a live account with Plus500 is $100
How long do Plus500 withdrawals take?
Normally, withdrawal of money from Plus500 is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Plus500 to show in your bank account.
Are Plus500 regulated?
Plus500 are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
Is Plus500 a market leading broker?
Plus500 is currently among the business leaders. It supports over 1,000,000+ registered customers and over 13 years of expertise on its record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad selection of resources plus tools so you may invest in capital markets.
Is Plus500 a con?
No, Plus500 is not a con. They are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 and must adhere to their rules. Thus, it is safe to say that Plus500 is not a scam.
Can you make money with Plus500?
Using Plus500, many traders make a lot of cash. However, typically, through continual trading, you can create between 2% - 10% profit a month.
This may seem to be a little number, but over the entire year, this adds to a substantial amount of gains. Even though Plus500 supply you all the tools to earn money, they cannot guarantee that you will gain.
Does Plus500 have fees?
Yes. To start trading with Plus500, you need to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was Plus500 founded?
Plus500 was founded in 2008 in Israel. Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
How many people use Plus500?
Plus500 is a worldwide recognised broker with 1,000,000+ customers.
Where is the Plus500 head office?
Plus500 has its head office in Israel
Does Plus500 offer negative balance protection?
Yes, Plus500 has Negative Balance Protection. It's especially offered while the market volatility prevents clients from allowing their accounts go into the red. In a situation like this, Plus500 offers the ability to reset a clients account balance to zero.
You should go through the critical stipulations on Plus500's website to understand their policies.
Does Plus500 offer guaranteed stop loss?Plus500 regrettably, does not offer guaranteed stop loss. Plus500 provides a chance for its traders to close their trade in their specified price. Apart from this, Plus500 does not offer guaranteed stop loss.
Does Plus500 allow scalping?No, the stipulations of Plus500 do not allow scalping. It's a trading technique which is not permitted on the broker's platform. You can refer to Plus500's provisions and conditions to read more about its policies.
Does Plus500 allow hedging?
No, unfortunately Plus500 does not allow hedging.
Can you trade energies with Plus500?
Yes, you can trade energy stocks with Plus500
Can you trade agricultural shares with Plus500?
Yes, you can trade agricultural stocks with Plus500
Can you trade cryptocurrency with Plus500?
Yes, you can trade cryptocurrency with Plus500
Can you trade metals with Plus500?
Yes, you can trade metals with Plus500
Can you trade UK Shares with Plus500?
Yes, you can trade UK shares with Plus500
Can you trade US Shares with Plus500?
Yes, you can trade US shares with Plus500
Can you trade Japanese Shares with Plus500?
Yes, you can trade Japanese shares with Plus500
Can you trade German Shares with Plus500?
Yes, you can trade German shares with Plus500
Does Plus500 accept bank transfers?
Yes, Plus500 accepts bank transfers for depositing money.
Does Plus500 accept credit cards?
Yes, Plus500 accepts credit cards for depositing money.
Does Plus500 accept PayPal?
Yes, Plus500 accepts PayPal for depositing money.
Does Plus500 accept Skrill?
Yes, Plus500 accepts Skrill for depositing money.
Does Plus500 accept Payoneer?
No, Plus500 does not accept Payoneer.
Does Plus500 accept Neteller?
No, Plus500 does not accept Neteller.
Does Plus500 offer Live Chat customer support?
No, Plus500 does not offer customer support through live chat.
Does Plus500 offer phone customer support?
No, Plus500 does not offer customer support over the telephone.
Does Plus500 offer email customer support?
No, Plus500 does not offer customer support through email.
What languages can Plus500 communicate in?
Plus500 has the ability to communicate and support customers who speak: English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
Does Plus500 have a wikipedia page?
Yes, Plus500 does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/Plus500
Does Plus500 offer demo accounts?
Yes, Plus500 offers demo accounts so you can learn their systems before risking any real money.