Plus500 is a CFD broker that provides more than 2800 tradable financial instruments.
Established in Israel in 2008, the firm caters to over 22 million clients globally and is listed on the London Stock Exchange (LSE) as PLUS (LON: PLUS).
The firm has branches in the UK, Cyprus, Australia, Israel, Seychelles, Singapore, Bulgaria, Estonia, the US and Japan.
What can you trade on Plus500?
At Plus500, you can trade more than 2800 instruments, including major global stocks, currencies and commodities, through CFDs. Plus500 also offers ETFs (Exchange Traded Funds), which track global stock indices such as the Nasdaq, S&P 500, Dow Jones, FTSE 100 and DAX 40, among others.
Is Plus500 a good broker?
Plus500 is regulated and monitored by the Financial Conduct Authority (FRN 509909). The company is also covered by the Financial Services Compensation Scheme (FSCS), which offers protection of up to £85,000.
Although Plus500 has average reviews overall, it has received mainly positive feedback from its users. According to Trustpilot, the broker has a rating of 4.0, with only 15% of the 11,700 reviews being negative.
While Plus500 provides limited research content, it does offer insightful market commentary in the News & Insights section. Additionally, Plus500 has a Trading Academy that provides various educational resources, such as eBooks, video guides for traders, and frequently asked questions (FAQs), to help both novice and seasoned traders. Premium users can also attend webinars.
Spreads and Fees
In general, Plus500 has low fees. Unlike its competitors, the broker does not impose a commission when opening trades, and its spreads begin as low as 0.8 pips. However, currency conversion fees of up to 0.7% may apply.
Other fees include swap fees, also known as overnight funding, and an optional premium for guaranteed stops.
An inactivity fee is charged to users who do not log in for three months; a monthly fee of $10 will be subtracted from their account balance.
In accordance with ESMA regulations, the maximum leverage for retail traders in the UK is 1:30.
Plus500 allows maximum leverage of 1:30 for Forex CFDs, 1:20 for commodities, and 1:5 for stocks.
Professional account holders, however, may be eligible for a higher maximum leverage of up to 1:300 on selected instruments.
Plus500 provides a user-friendly and intuitive trading platform suitable for both novice and experienced investors. The broker offers mobile apps for both Android and iOS that are consistent with its web and desktop versions.
The platform and app offer robust charting features, including a range of technical indicators that can be applied to different timeframes. Creating watchlists and monitoring trades is also straightforward.
However, Plus500 does not provide universal alternatives such as MT4, MT5 or cTrader.
Plus500 is an experienced broker with a variety of regulatory licenses, making it a trustworthy and well-established company.
The broker offers a diverse set of trading tools and advanced charting on its platform, making it a well-rounded option for both new and experienced traders. Plus500 has always continuously improved its offerings to better serve its clients.
💡 73% of retail investor accounts lose money when trading CFDs with this provider.