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Plus500 is one of the more “popular” and well known international online brokers. They were founded in 2008 and are regulated by several financial authorities not to mention they sponsor famous football and basketball teams. but how good are they as a CFD broker. In this review you will find that out and more.
Plus500 is a well-known online broker that offers access to various financial markets, including forex, stocks, commodities, cryptocurrencies, and more. The platform was established in 2008 and has since grown into a popular choice among traders.
One of the key benefits of Plus500 is its user-friendly interface, which allows traders to easily access the platform and execute trades. The broker offers a range of tools and features to assist traders in making informed decisions, such as real-time market data and advanced technical analysis tools.
Another advantage of using Plus500 is the apparent low fees associated with trading. The broker does not charge commission fees but instead generates revenue through spreads, which are the differences between a financial instrument’s bid and ask price. This means traders can keep more of their profits and avoid costly commission fees.
Plus500 is also regulated by several authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), which helps provide safety and security for traders. Additionally, the broker offers a range of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets, which make it easy for traders to manage their accounts.
While Plus500 has many positive features, it is important to note that trading in financial markets carries risks. Traders should always conduct thorough research and seek professional advice before investing in any financial instrument. Let’s see what this broker has to offer its clients and possibly you.
| Broker Feature | Overview |
| Type of Broker | CFD Broker |
| Regulation & Licensing | Australian Securities and Investments Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Financial Services Authority of Seychelles (FSA)Financial Sector Conduct Authority (FSCA)Financial Conduct Authority (FCA)Monetary Authority of Singapore (MAS)Financial Market Authority (FMA) |
| Applicable Countries Allowed To Trade | Various |
| Assets Offered | Forex, stocks, commodities, indices, crypto, options, ETFs |
| Platforms Available | Plus500 Software (Web, Mobile) |
| Mobile Compatibility | Yes |
| Payment & Withdrawal Options | Master Card or VisaPayPalSkrillBank Transfer |
Facts About Plus500
- Listed on the London Stock Exchange
- No MetaTrader
- Proprietary platform (Web Terminal and Mobile)
- Thousands of positive reviews from clients on Trustpilot
- Sponsor many large and famous sports clubs
- Founded in 2008
- Have entities located throughout the globe
- One trading account for all traders
- Can trade CFDs for forex, stocks, options, ETFs, commodities, indices, and crypto
- Part of the FTSE 250 index
Pros and Cons
PROS
- Their platform is user-friendly
- Opening an account is simple and quick
- Customer support seems to be helpful and very responsive
- Low stock fees
- No fees for withdrawals (depending)
- The inactivity fee only applies if you neglect to log in
CONS
- The research tools are average
- CFD fees are not the best you can get
Is Plus500 Safe? Broker Regulations
A concern for many traders, especially those new to trading, is knowing that the broker they use is legitimate and regulated. If you don’t know, brokers considered legitimate and trustworthy are typically regulated by one or many financial institutions (authorities) depending on where they operate globally.
Typically, the more regulatory institutions overseeing a broker and the entities they operate under are considered good. These authorities help protect you as a trader and deter criminal activities (such as fraud).
All-in-all, Plus500 is regulated by a total of seven financial authorities. This is because they have entities (subsidiaries) in Cyprus, the UK, Seychelles, Australia, Israel, Singapore, Bulgaria, Estonia, Japan, and the USA.
It should be noted that some of these authorities are top-tier institutions such as the FCA and ASIC. We have listed all the financial authorities that oversee plus500 for your perusal below.
Not only are they regulated, but their TrustPilot score gives them a rating of 4.1 stars out of a possible 5. This is pretty impressive, considering there are over 11,000 reviews.
Additionally, they sponsor multiple international sports teams like the;
Being out in the public eye in terms of massive sponsorships and then also being listed on the London Stock Exchange gives clients a compelling reason to believe they can be trusted.
For the most part, they can be trusted, but a company of this size is not without its faults, and there are many users that claim to have had bad experiences with this broker when it comes to withdrawals.
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Authority of Seychelles (FSA)
- Financial Sector Conduct Authority (FSCA)
- Financial Conduct Authority (FCA)
- Monetary Authority of Singapore (MAS)
- Financial Market Authority (FMA)
What Can I Trade with Plus500?
Plus500 is a CFD broker, and clients can trade many assets, including Forex, Indices, Commodities, Shares, Options, ETFs, and Crypto. Let’s look at these in a bit more detail to see what precisely Plus500 can offer its clients
Forex
Plus500 gives its clients over 60 forex pairs to trade on with a leverage of up to 1:30. Clients will be able to trade the typical major, minor and exotic pairs such as the EUR/USD, EUR/GBP, EUR/NZD, EUR/CAD, and the EUR/CHF just to name a few.
Indices
When it comes to Indices, Plus500 doesn’t have the largest selection, but they do have the most popular Indices, which they categorize in their platform under “country” or “sector.”. You can expect to find the DAX 40, the S&P500, the Crypto Index, the Hang Seng, the FTSE 100, and more here.
Commodities
There are about 22 commodities that this broker offers, from Sugar to Wheat, Oil, Coffee, Cotton, and Cocoa. It would help to remember that all trades made on Plus500 are CFD trades, so you will not be investing in the commodity itself but rather speculating on its price.
Shares
Due to the nature that Plus500 is regulated by so many authorities and has access to multiple stock exchanges, their variety when it comes to stocks is pretty impressive. Companies listed on many exchanges from many countries, including Ireland, Hong Kong, Denmark, Netherlands, Poland, Finland, Belgium, Sweden, South Africa, and more, are listed for your trade.
Options
Then Plus500 also deals in Options. An options contract is where the “buyer” is given the right (but does not have to if they choose not to) or sell assets at a specific price on or prior to a particular date. Buying an option is deemed a “call,” and selling an option is called a “put.”. Plus500 deals in options for Forex, Crypto, Indices, Stocks, and Commodities.
ETFs
In terms of Exchange Traded Funds (ETFs), Plus500 allows for trading ETFs that track Commodities and Indices. There are quite a few to choose from, which include ETFs that track Gold, Gas, Silver, Oil
Crypto
Lastly, Plus500 lets you trade crypto in the form of CFDs, which means you will not need a digital wallet to store any of your coins. Remember that you will not be investing in actual crypto, only speculating on its future price. Even though this is the case, there are many coins to choose from when trading speculative contracts with Plus500. These include the most popular ones, like Bitcoin, Ethereum to NEO, and Stellar.
- Forex
- Indices
- Commodities
- Shares
- Options
- ETFs
- Crypto
How to Trade with Plus500?
There are two ways to trade with Plus500. Typically, many brokers that trade in CFDs allowing their clients to open positions in markets like Forex, Stocks, Commodities, Indices, and so on, will use what is considered to be the “gold” standard when it comes to trading software. If you do not know, this software is MetaTrader 4 or even MT5, and traders have been using it since its inception in 2005.
However, Plus500 does not use MetaTrader. They use proprietary software that is only accessible from the web, and then they also have a mobile trading app that is based on the same software.
The proprietary web platform is quite easy to navigate and is very user-friendly in terms of layout. Charts are situated at the bottom of the screen. The assets list is located to the left, and the top middle section will be populated with the instruments from the left-hand side assets list that you choose. Also, the bottom chart will show the instrument you select from the populated list above.
Then not much information is given about the mobile app. However, they state that some new features have been added, such as “insights.”. Insights is a section that specializes in bringing you market insights. These can be in the form of trends and exclusive data.
