Plus500 is a global FinTech group established in 2008. Plus500 is regulated by the Financial Conduct Authority FCA and listed on the London Stock Exchange’s Main Market. Plus500 is one of the top CFD providers, of cryptocurrencies, indices, forex, commodities, share dealing, and futures. They prioritize client protection and offer a user-friendly trading platform.
Quick insights
Why choose Plus500?
Plus500 operates under the oversight of top-tier global regulators, ensuring a secure and transparent trading platform. With its listing on the LSE, Plus500 adheres to stringent reporting and accountability standards.
To ensure client protection, Plus500 holds client money in segregated bank accounts, separate from its operational funds. This reduces the risk of misuse and increases trust.
With high ratings on both the Apple app store and Google Play, Plus500’s platform offers a seamless trading experience, complete with advanced charting tools, technical indicators, and customizable trading options.
Is plus500 legit?
Yes, several leading financial authorities regulate Plus500 globally, ensuring secure and transparent operations.
- The UK’s Financial Conduct Authority (FCA)
- The Cyprus Securities and Exchange Commission (CYSEC)
- The Australian Securities and Investments Commission (ASIC)
- The Financial Markets Authority (FMA) in New Zealand
- South Africa’s Financial Sector Conduct Authority (FSCA) and Financial Services Provider (FSP)
- The Israel Securities Authority (ISA)
- The Seychelles Financial Services Authority (FSA)
- The Monetary Authority of Singapore (MAS)
- The Estonian Financial Supervision and Resolution Authority
- The Dubai Financial Services Authority (DFSA)
- Japan’s Financial Services Agency (FSA)
- The Securities Commission of the Bahamas (SCB)
Fraud prevention
Plus500 employs advanced security protocols, including Anti-Money Laundering AML measures and Know Your Customer KYC verification, to ensure the integrity of its platform and prevent fraudulent activities.
Financial transparency
As a publicly listed company on the LSE, Plus500 is subject to rigorous financial reporting standards. Its inclusion in the FTSE 250 Index further enhances its credibility and stability.
How to open an account
Opening an account with Plus500 is simple and easy to navigate:
- Enter your basic information, including name, email, and phone number, and create a password.
- Verify your identity by submitting a government-issued ID and proof of address.
- Choose between a demo account for practice or a live account for real trading.
- Deposit funds using a credit/debit card, bank transfer, or electronic wallet.
- Access the web-based platform or mobile app to log in.
- Explore the platform’s features and start trading.
82% of retail investor accounts lose money when trading CFDs. Ensure you understand the risks before trading.
Diverse Asset Classes and Instruments
Plus500 offers a wide range of markets, and over 2800 financial instruments enabling traders to diversify their portfolios with CFDs on cryptocurrencies, indices, forex, commodities, shares, options, and ETFs.
| Asset Class | Instruments | Leverage |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin, and more | 1:2 |
| Indices | S&P 500, US-TECH 100, Germany 40, UK 100, and more | 1:20 |
| Forex | 60+ forex pairs | 1:30 |
| Commodities | Gold, Silver, Oil, and more | 1:20 |
| Shares | USA, UK, Germany stock exchanges | 1:5 |
| Options | Oil, Apple, Tesla, and more | 1:5 |
| ETFs | SPDR USA 500, VXX Volatility, GLD Gold, and more | 1:5 |
Trading Platforms
Is plus500 a good trading platform? Yes, Plus500 offers both web and mobile trading platforms, designed with user-friendliness in mind.
Advanced charting tools
- Technical indicators and customizable chart options are available.
Mobile trading
- It is available on IOS and Android, mirroring the full capabilities of the web platform.
Proprietary platform
- While Plus500 does not support MT4 or MT5, its proprietary platform provides a comprehensive and intuitive trading experience.
Plus500 account types
- Real money account: For live trading with real funds.
- Demo account: Allows traders to practice with virtual funds.
- Professional clients: you can access both demo and real-money accounts with enhanced trading features.
Premium service for Plus500 clients
Plus500’s Premium Service offers a personalized and enhanced trading experience for select clients. Benefits include,
- Dedicated premium service client manager
- Expert analysis of market events
- Access to exclusive webinars
- Invitation-only access to Premium Service for active traders
Deposit and withdrawal methods
Plus500 offers multiple secure payment methods, including:
| Feature | Details |
| Deposit methods | Credit/Debit Cards Visa, MasterCard Bank Transfers Electronic payment methods PayPal, Skrill |
| Deposit speed | Credit/Debit Cards and Electronic Wallets: Processed instantly Bank Transfers: May take a few business days |
| Withdrawal methods | Same as deposit method Credit/Debit Cards, Bank Transfers, Electronic Wallets |
| Withdrawal speed | Credit/Debit Cards and Electronic Wallets: Typically within 24 hours Bank Transfers: May take a few business days |
Deposit process
- Log into account
- Access deposit section
- Choose preferred method
- Enter details and amount
- Follow the prompts to complete
How do I withdraw money from plus500?
- Log into account
- Access withdrawal section
- Choose preferred method
- Specify amount
- Submit request
Fees and commissions
Plus500 offers competitive fees for trading, with no hidden fees on CFDs and competitive spreads.
| Fee Type | Details |
| Market spread | No commission; compensated through the buy/sell spread |
| Account minimum | $100 |
| Overnight funding | Charged for holding positions after a specific time |
| Currency conversion | Up to 0.7% for trades in a different currency than the account |
| Inactivity fee | Up to $10 per month after 3 months of inactivity |
| Guaranteed stop order | A wider spread is applied when using this feature |
| Bank/payment fees | Fees may apply for international cards, bank transfers, or unsupported currencies not charged by Plus500 |
Education and research
- Plus500 offers basic educational resources through its Trading Academy.
- eBook, video guides, and FAQs.
- “Key Information Document” KID for various instruments.
- It offers basic real-time account information like balances and profit/loss.
- It provides limited research tools, including an economic calendar, market news, and earnings calendars.
- It offers customizable charts for technical analysis.
- It provides sentiment indicators showing client positions and instrument performance over short time frames.
- Additional learning materials are recommended for beginners due to the risks of CFD trading.
- Lacks advanced portfolio analysis tools, trading journals, and tax accounting features.
Customer service
Plus500 offers multiple channels for customers to reach out for support, ensuring easy accessibility and convenience.
- Call +65 6320 1111 or +65 6320 1119.
- Email to Plus500’s customer support.
- Use the live chat feature on their website.
- Contact them through their official Facebook, Instagram, or Twitter accounts.
Conclusion
As a regulated broker, Plus500 provides access to a wide variety of CFD instruments, including commodities, currencies, and stocks. They provide a demo account for practice and offer competitive fees with no hidden charges. Plus500’s platform features push notifications, trend exploration tools, and instrument-specific insights to support informed trading decisions.
Pro Tip
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