Broker Review: Plus500

Plus500

Commissions & Fees

Offering of Investments

Customer Service

License & Regulation

Account Types

Platforms

Trader Tools

Mobile Trading

Education

Features

5/5
4.5/5
4.5/5
4.7/5
4.2/5
4/5
4.5/5
4.5/5
4.5/5
4.5/5

Name

Licensing and Regulation

The Financial Conduct Authority (FRN 509909), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Authorised Financial Services Provider (AFSP) in South Africa.

Global Presence

Plus500 welcomes traders from most countries around the world, but for licensing reasons does not accept US traders. Plus500 is one of the true multi-lingual CFD brokers with the trading platform available in over 30 languages. There is also dedicated customer service and live support in almost ten different languages.

Account Management - Minimum Deposit

The minimum deposit varies according to region and preferred payment method. It may be worth contacting customer service or an account manager prior to depositing.

Investor Security

Plus500 is a public company that conforms to regulatory requirements in several jurisdictions. It is one of the better known and well established CFD brokers and has a solid reputation among traders. Plus500 has a responsible attitude towards trader security and offers a range of risk management tools.

Plus500 Overview

Plus500 is a true market leader that has grown from a small Fintech start-up, founded in 2008, to become a major company listed on the London Stock Exchange. It is also a component of the prestigious FTSE250 index. Plus500 gives traders access to over 20 global markets and more than 2000 financial instruments. Very few CFD brokers can match Plus500, either for its technical expertise or resources. It’s not surprising that the broker has won several industry awards and wins high ratings for its apps on Google Play and the App store. Plus500 is currently one of the most popular CFD brokers in operation.

Trading Platforms

The award winning Plus500 Webtrader platform is highly regarded for its functionality and technical sophistication. There is no need for downloads and it delivers a professional level trading experience with almost no glitches or issues. The mobile version is equally effective, also allowing one click order execution and risk management, backed up by live feeds ad market updates.

Markets, Assets and Products

Plus500 offers traders a regularly updated asset index that includes cryptocurrencies, forex, stocks, indices, commodities and ETFs. The brokerage is usually quick to add new assets as they become available.

Trader Education

Plus500 lags slightly behind its rivals when it comes to trader education. Absolute beginners will find enough learning resources to begin trading however.

Customer Service and Support

Clients have 24/7 access to live chat at Plus500 and can receive support in over 15 languages. Plus500 employs native speakers only – ensuring easy communication – and the staff is well trained and knowledgable.

Advanced Features

Plus500 generously offers traders an unlimited demo account, suggesting a high level of confidence in their own trading platform. Traders also have access to some of the best risk management tools that we’ve seen.

At a Glance

PLUS: Plus500 is fully regulated and well established. Traders have a high level of statutory protection and can be 100% confident that they are dealing with a professional brokerage. The technical quality of the site, trading platform and apps is excellent and traders are not hit with commissions or hidden fees.

MINUS: US citizens and residents are excluded from the brokerage due to US government restrictions on CFD trading.