Plus500 Review – Trading Platforms, Commission, Leverage, Account Types & moreLast Updated Date: Apr 29, 2022
Know everything about Plus500 Forex Broker here.
Gone are those days when hunting for a reliable broker to trade CFDs was supposed to be the biggest struggle. You had no idea whether a broker is worth it or not.
But today, things have changed. Some of the most amazing creations – such as Plus500 broker – have evolved into the most favorite trading platform of this age.
At Plus500, you can trade CFDs on shares, indices, and much more online. But why should you trust it? In this detailed Plus500 review, we cover some vital points that clear your doubt.
About Plus500 & Accepted Countries
|Founder / CEO||David Zruia|
|Regulations||ASIC, CySEC, FCA, FSB, ISA, MAS|
From 2008 (when Plus500 first went live) to now, Plus500 is counted among the top brokers.
However, a couple of great reasons make it obvious how the broker earns so much in such a short span.
But before we go deep into this Plus500 review, let’s cover more information on it.
Initially, the broker had struggled a lot to get its name recognized among the best ones.
But rather than achieving fame, the company was centered around delivering the best user experiences.
No wonder this wise move led the company to expand its approach and services.
That’s why, within the shortest time, Plus500 became a global player working with 200+ people, serving clients in 40+ countries.
At present, Plus500 is headquartered in Israel, including registered offices in – Cyprus, UK, Australia, and Singapore.
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Plus500 Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, french, german, greek, Hebrew, Hungarian, Italian, Latvian, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish|
After knowing a lot about Plus500, it’s time to break down the key aspects that make it stand out among the best brokers.
Basically, Plus500 is one of the most popular providers of CFDs trading and delivery trading on shares, options, crypto-currencies, and much more.
The broker utilizes innovative approaches that spark a positive change in your trading abilities. You get better at CFDs trading since the platform serves brilliant features and functions that greatly assist you.
The best thing we found in this Plus500 review is that you can access a trading account in your domestic language. The feature is available on both web-based and mobile trading platforms.
Despite the fact that Plus500 lacks MT4 or MT5 support, it continues to win traders. Why? The reasons are outlined in the discussion below.
Plus500 Mobile App
There’s not a big difference between the Plus500 web-based and mobile trading platforms.
In fact, both trading platforms deliver the same user experience.
Plus500 app offers you every feature – from charting, indicators, risk management tools to educational sources.
It won’t be wrong to call it the most flexible trading solution that the broker brings you.
You can use both web-based and mobile-based trading platforms at once, which is worth noticing.
Nevertheless, if you are an intraday or swing trader, using Plus500 app doesn’t make a sensible plan.
Mainly when you day trade CFDs, it’s worth conducting technical and fundamental analysis on PCs rather than mobile.
Apart from that, the mobile app alerts you on varying trading activities through pop-alerts, which is the major benefit.
Check out Mobile Apps of more Forex Brokers
|Activtrades||CMC Markets||Eightcap||IFC Markets|
Plus500 Commission or Brokerage or Fees
|Commission on trades||No|
Plus500 commission has always been among the rumors. The broker doesn’t charge any commission on trades which is hard to believe.
Beyond a doubt, it is a satisfying point, but not for traders who want to start trading with the lowest capital.
To simply put, if you want to start trading at Plus500, you’ll have to submit $100 as an initial deposit amount which is a bit of an unwanted thing.
Yet, it is acceptable because of zero charges on trade, ensuring you can capture the maximum of a single trade.
Apart from that, the broker offers you fixed spreads that help you a lot in the transaction cost plan.
Plus500 Exposure or Leverage
Leverage is another most remarkable factor that wins CFDs traders.
Though, the leverage you receive at the Plus500 trading platform varies from one account to another.
In a nutshell, traders can access leverage from 1:30 to 1:300 on the go.
But before you think about grabbing the leverage, it’s worth checking out the terms and conditions linked with it.
Leverage gives you a unique advantage of covering more assets at a minimal investment.
Nevertheless, you multiply risk probabilities by accessing leverage, so make sure you are aware of that.
Else, your trading decision won’t take a minute to drop you under a financial burden.
Even though the broker tries to make everything more manageable for the user by providing some supportive features and functions, it still makes trading riskier.
Payment Methods provided by Plus500
|Deposit||Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer|
|Withdraw||Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer|
Plus500 offers multiple payment modes to choose from. From Credit Card, Moneybookers, PayPal, Skrill to Wire Transfer, you can choose any best payment option that you often use for transactions.
However, the broker doesn’t provide you with bank transfers or other payment options, which can be a bit annoying.
This raises challenges for those traders who don’t use the payment modes as accepted by the broker, as stated above.
Hence, it would be best if the broker adds more payment modes on its checkout page.
It would undoubtedly bring easiness for traders since the broker is operational worldwide and isn’t limited to a domestic region or a country.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by Plus500
|Supported Cryptocoins||bitcoin, bitcoin cash, Cardano, eos, ethereum, iota, litecoin, monero, neo, ripple, stellar, Tron|
|Total Tradable Assets||2774|
|Number Of Currency Pairs||72|
|Number Of Cryptocurrencies||10|
|Number Of Stocks||1787|
|Number Of Indices||32|
|Number Of Commodities||20|
|Number Of Futures||52|
|Number Of Options||765|
|Number Of Bonds||N/A|
|Number Of ETFs||88|
With a huge suite of tradable assets – 2274 in total – Plus500 seems to create a leading spot in the market. Traders want to explore more assets first rather than stick to one asset or market.
No wonder, with such a gigantic offering, the broker wins our eyes and heart. The best thing is, these assets aren’t limited to a specific market.
To simply put, the broker offers you 22 currency pairs, ten popular crypto-currencies, 1787 stocks, and much more to choose from.
You will be investing in multiple markets from a single account which streamlines your trading tasks on the go.
You can review your desired market with one tap.
Plus500 Virtual Trading or Demo Account
A virtual trading account is one of the most valuable segments of this Plus500 review.
The broker offers you a demo account or virtual trading account that you can access free of cost by a simple sign-up.
There’s no need to get yourself involved right inside the complex tasks of real trading and losing capital.
Simply sign-up at the Plus500 and choose a demo account. Inside the demo account, the broker offers you virtual currency in variables.
No matter if you make a profit or loss, the demo account has no relation to the real account.
There are no pre-or-post charges involved since it is only offered for education and guidance purposes.
Once you feel ready to start trading at Plus500, switch from demo to a real account with a few simple clicks.
Plus500 Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
We can’t leave unnoticed the hidden treasure – deals, offers, and promotions – you get inside the Plus500 trading platform.
To simply put, you receive free learning courses, discount brokerage, and flexible brokerage plans.
No wonder these free offers by Plus500 are truly appealing to the eyes. But that’s not enough. In addition to these offerings, the broker runs referral programs that help you build a side-income source on the go.
Create a community, promote Plus500 by joining their referral program and get attractive commissions. Apart from that, the broker doesn’t offer any reward or trading bonus.
Plus500 Regulation or Licensing
|Regulations||ASIC, CySEC, FCA, FSB, ISA, MAS|
Plus500 works under the strict regulation of top-tier regulators – ASIC, CySEC, FCA, FSB, ISA, MAS.
No wonder this clearly represents Plus500 among the reliable brokers.
Your investment is safe from third-party and other illegal activities.
If you invest a big amount and find errors or faults in Plus500 policies and services, you are free to connect with regulators who authorize it.
Find out Regulations & Licensing of more Forex Brokers
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
A single feature inside a trading platform can assist a trader from different angles.
The absence of any feature directly states that a user is more likely to face challenges.
Even though plus500 offers a wide range of features on its trading platform, it’s worth noticing that the broker is short of the few most demanded features.
In short, Plus500 has no copy-trading feature, educational services, trading signals, automated trading, expert advisors, etc.
Also, the broker offers you no promotion, unlike other trading platforms where you receive them.
Nevertheless, you can find some standard or basic features that keep everything simple.
If you dislike automated trading and do everything based on fundamental analysis and your own study, using this trading platform is definitely worth it.
Plus500 Account Types
|Account Type||Standard Account||Professional Account|
|Commission||No commissions||No commissions|
Choosing an ideal trading account is undoubtedly the most vital thing to consider before starting a trade.
Typically, brokers offer only one account except a few who want to treat beginners and professionals separately.
Just like the Plus500 trading platform where you are asked to choose between a Standard and Professional account. Even though both accounts ask you to submit a similar deposit amount.
Still, at certain points, you see a big difference between both.
To simply put, in a standard account, the broker grants you leverage up to 1:30.
On the other hand, in the Professional Account, the broker provides you leverage up to 1:300.
Apart from that, professional account users are provided with some pro-level services.
In contrast, a standard account caters to the need for a fresher.
Plus500 Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||No dealing desk|
|Suitable for beginners||No|
|Suitable for professionals||Yes|
|Suitable for scalping||No|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Plus500 – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||No|
|News (Top-Tier Sources)||No|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
It’s time to wrap up some major benefits that we discover in this Plus500 review so you could come across a clear inside and reach a great decision-
- User-interface is good
- 24×7 hours customer support
- Free demo account
- Access thousands of assets
- Trade crypto-currencies
- Enjoy deals and offers
- Mobile app available for both Android and iOS
- Web-based platform available for both Mac and Windows
- Strong licensing
Plus500 Cons or Drawbacks
Here are the major drawbacks of Plus500 that are a barrier for the broker in achieving a top-position that it might deserve-
- It doesn’t offer MT4 and MT5
- Short of features
- No Educational resources
- It doesn’t offer any promotion
- Not for inexperienced traders
Plus500 Trading Hours
Even though Plus500 is open for traders – from day to night – still it’s worth noting to check every asset individually to know the exact trading hours.
The timing of the stock market, crypto-currency, and forex market vary.
Even the broker itself wants you to check the timing of every asset and market individually since the broker has no control over when the market opens and closes.
Plus500 Customer Care or Contact Details
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||Arabic, Chinese, Czech, Danish, Dutch, English, Estonian, French, German, Greek, Hebrew, Hungarian, Italian, Malaysian, Norwegian, Polish, Portuguese, Russian, Spanish|
In case you encounter any issue regarding investment or transaction, feel free to get in touch with the Plus500 customer support team available to assist you 24×7 hours.
For the support – you can connect them via live chat support or email that is available on Plus500’s official website and app.
Plus500 Safety & Security
Plus500 operates following the regulation of ASIC, CySEC, FCA, FSB, ISA, MAS, which represent it as a reliable trading platform.
You can spend, invest, trade any kind of asset without worrying about any threat since the regulators observe your every information and activity.
Plus500 Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.2 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||8.0/ 10|
|Total Client Reviews||70|
Plus500 Forex Trading – Conclusion or Verdict
Whether it is Plus500 Commission or easy-to-use features, everything about Plus500 is perfect.
The broker doesn’t give you so many features but tries to keep everything smooth and straightforward.
Thus, if you are an experienced or long-term trader, Plus500 is certainly a brilliant broker for you.
Plus500 Review FAQs
Here is the list of FAQs related to the Plus500 Forex trader:
Is Plus500 Safe For Trading?
Yes, Plus500 is 100% safe for trading.
The broker works under the monitoring of ASIC, CySEC, FCA, FSB, ISA, MAS, which makes it reliable as compared to others.
What is the Commission For Plus500?
Surprisingly, Plus500 doesn’t charge any commission on trade.
But make sure transaction fees and taxes are some important things to consider before you start trading at Plus500.
How to Open a Trading Account With Plus500?
If you want to open a trading account with Plus500, then make sure you are ready with sign-up and KYC details.
You’ll need a Gmail id and personal documents to get started with Plus500.
Can I Invest in Cryptocurrency With Plus500?
Yes, traders can invest in crypto-currency with Plus500 in no time.
It’s simple as buying and selling assets that you might also have done a lot.
What Leverage Does Plus500 Provide?
Plus500 offers leverage from 1:30 to 1:300 based on the account type you choose.
Does Plus500 Have a Trading App?
Yes, Plus500 has a well-built mobile trading app that provides you access to almost every feature you get on the web-based trading platform.
How To Contact Plus500 Customer Care?
Customers can reach Plus500 Contact us page and fill up the “Request form” to submit the request. Apart from that, live chat support is also provided by the broker.
Is Plus500 Regulated?
Plus500 is a regulated broker that works under ASIC, CySEC, FCA, FSB, ISA, and MAS top-tier regulators.
Is Plus500 Good for Beginners?
Beginners can use a Plus500 standard account, which is suitable for beginners. The broker even offers a demo account which makes it a beginner-friendly trading platform.
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