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plus500 review Broker Plus500 Review  

76.4% of retail CFD accounts lose money

  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min Deposit: $100
Vote: 5 stars

76.4% of retail CFD accounts lose money

Plus500 Review 2020 and Technical Opinions

by | Mar 15, 2019

Did you search Plus500 review to figure out Plus500’s real value?

Would you like to fully understand if Plus500 is reliable or if it’s a scam?

Do you want to find out everything you can do with Plus500, expert opinions, and user reviews?


In this Plus500 review, you’ll find everything you need to dispel any doubt, including our feedback on Plus500, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the Plus500 platforms, to be able to fully follow this review.


PART 1 – Plus500 Legal Review – Company and Legal Information

The most important point to establish when you are beginning to trade with a forex broker, either as an experienced or a new trader, is that they are fully regulated, compliant with all laws and operate in a completely secure and transparent manner.

These are point which we will clarify from the outset in this review of Plus500.

Is Plus500 a scam? Is Plus500 reliable? Plus500 review and legal opinions

From the very beginning of this Plus500 review, we hope to make it abundantly clear that the Plus500 trading platform and company are not a scam in any way.

In terms of reliability, the company was founded in 2008 and has established itself as one of the most consistent and recognizable brand names within the Forex and CFD trading sector.

Throughout this Plus500 broker review, you will see demonstrated features and legal oversights which support this stance on the reliability of the companies operation.

The company has been publically traded on the London Stock Exchange since 2013.

When I make a deposit to Plus500, where does my money go?

When you make a deposit with Plus500, the money is deposited into segregated bank accounts held within top-tier financial institutions.

This is in full compliance with the UK FCA regulatory requirements among others. These regulatory bodies periodically conduct reviews of Plus500 and other major forex brokers to ensure they are remaining fully compliant with these regulations.

Is Plus500 regulated? Plus500 Regulations – Plus500 license opinions

One of the most important elements within any review of Plus500 or another broker is regulation. Plus500 is regulated in three key locations which have complete oversight and regulatory authority over the company operations around the globe.

In the UK, the company falls under the regulatory jurisdiction of the UK Financial Conduct Authority (FCA).

In Cyprus, the company is regulated by the Cyprus Securities Exchange Commission (CySEC), and in Australia under the Australian Securities and Investments Commission (ASIC). The company also holds a Capital Money Services License and a commodity broker’s license in Singapore.

These represent three of the most respected and stringent regulatory bodies in global finance and trade. It can therefore be surmised that Plus500 are operating well within regulatory boundaries on a global scale.

How to check the Plus500 licenses

For further information on the licensing of Plus500 as mentioned in the previous section, we have prepared this collection including regulatory licenses under each organization and the company registration information in each of those areas.

  • UK Financial Conduct Authority License
  • Cyprus Securities Exchange Commission License
  • Australia Securities and Investments Commission License

plus500 review

What type of broker is Plus500? Plus500 technical opinions

Plus500 is essentially a Market Maker broker type who deal specifically in CFDs.

Through this extensive Plus500 review, we can see from the wealth of features the broker operates as well as the breadth of their customer base, that they are offering top quality services.

In many cases we are taught to be wary of reluctant of Market Makers, however, in the case of Plus500, they have amassed enough trading volume to possess some excellent rates in regard to trading CFDs.

How does Plus500 profit?

Plus500 profit by charging marginal spreads to the users on the markets in which they are trading.

Thanks to the volume of traders using the platform and the global reputation of the company, they are able to keep these spreads at a minimal level to create the best trading conditions for users relative to other trading brokers.

These spreads typically range from 0.01% in the most traded markets up to a high of 0.25%.

Where is the legal office of Plus500?

Plus500 have legally registered offices in several countries, these are namely connected to the countries where they are licensed by regulators. The legal office locations are as follows:

United Kingdom
78 Cornhill

Plus500AU Pty Ltd
P.O. Box H339
Australia Square
Sydney NSW

1 Siafi Street
Porto Bello Business & Cultural Centre
Business Suites 1 – 4 Office 104
CY-3042 Limassol

Plus500SG Pte Ltd
1 Temasek Avenue
Millenia Tower #18-07
Singapore 039192

Plus500 5 stars
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
(76.4% of retail CFD accounts lose money)
  • Regulations: Plus500UK Ltd authorised & regulated by the FCA (509909); Plus500CY Ltd authorised & regulated by CySEC (250/14); Plus500SG Pte Ltd licensed by the MAS (CMS100648-1) and IE Singapore (PLUS/CBL/2018); Plus500AU Pty Ltd licensed by ASIC (417727), the FMA (486026), and authorised by the South African FSP (47546).
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: € 100
  • Platforms: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)
  • Headquarters: Plus500 Ltd. is headquartered in Haifa, Israel
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs

PART 2 – Plus500 Account Opening

This is the section of the Plus500 review where we will essentially go “under the hood” to examine everything you can do in terms of trading with Plus500.

This will include a complete Plus500 account review, what you need to get one started, and a review of their proprietary trading platforms to help you perform at your optimal levels.

What can you do with Plus500? Plus500 features opinions

As we quickly established from the outset of this Plus500 Review, the company established themselves as a dominant force within the CFD brokerage field since inception in 2008.

This rise continued to public listing in 2013 and has shown no signs of abating. The company currently offers in excess of 2,000 trading instruments through its own proprietary trading platform.

Plus500 demo: how to open a free virtual account

The Plus500 demo account review is one which has resonated positively with the broker’s user base and acted as a positive stepping stone toward real live trading.

The demo account is free to open and can easily be obtained in a few easy steps which Plus500 say only take users approximately 5 minutes to complete.

Once you have opened your demo account, it can be used for an unlimited time period. This is unlike many other major brokers. When the balance of your demo account reaches below 200 EUR, the amount will be reinstated.

open new demo account plus500

Plus500 Live: how to open a Live Plus500 account

The functionality of a live account with Plus500 is exactly the same as your demo account.

The only difference being that real money is at stake. Opening the account is still easy and convenient, requiring little time and just a few additional documents to have your account fully functional.

You can register your live account right here in a few easy steps.

Plus500 Deposits and Withdrawals – All the options

Deposits and withdrawals within the Plus500 system are fast and convenient. The company is also proud of its efforts to limit the amount of fees or charges which they apply.

In the case of deposits, most deposit methods are fee free and instant, whilst a review of Plus500 withdrawal methods shows minimal of no fees in most cases.

Deposit Methods

  • Major Global credit cards such as Visa and Mastercard are supported
  • Bank Wire Transfer
  • Paypal
  • Skrill

The deposit process within the platform is very intuitive and user friendly.

Withdrawal Methods

  • Credit Cards
  • Bank Wire Transfer
  • eWallets such as Paypal

Typical withdrawal processing time for Plus500 is between 1-3 days depending on the chosen method. From that point, it will usually take a few additional days to appear in your account. This will vary depending on the policy of you financial institution.

Whilst Plus500 do their best to ensure traders do not encounter fees, they are not responsible for fees which may be levied by your financial institution.

Plus500 minimum deposit

The minimum deposit required in order to open a live account with Plus500 is $100 using a Credit Card, or 500$ via wire transfer.

This is standard practice throughout the industry and is in fact lower than many other major brokers in the sector.

Plus500 Bonus and Offers

Due to stringent regulatory requirements which the company adhere to, they are not currently permitted to offer any additional bonuses or incentives.

What type of trader are you?

76.4% of retail CFD accounts lose money

PART 3 – Plus500 Review – Accounts, Conditions, and Fees

Plus500 Account Types

Plus500 sticks to the basic model when it comes to account types. They simply offer standard live accounts and demo accounts. This level of simplicity is something which is often reflected upon in a positive manner within user reviews.

A simple account set-up and management allows for more time and energy to be focused on trading. This is pivotal to the business model and something which Plus500 review on a regular basis.

The fact that there are no premium account options for loyal or high-grade customers may be something which seems uncomfortable to more frequent users, but this does set a positive tone of equality among the traders.

Commissions, Fees, Spread and Market Trading Hours on Plus500

A factor that resonates positively from many Plus500 customer reviews is the fact that they are commission free on all trades. This is common among several of the major brokers and a very positive attribute for all traders, especially those who trade more frequently.

Plus500 do a good job of trying to limit fees across the board, including in deposits and withdrawals and many of their markets are tradable around the clock.

As expected, they do apply a marginal spread to the markets. These are generally kept as low as possible thanks to a high trading volume and typically range from 0.01% to 0.04% with a full list of spreads.

Plus500 Islamic Account

Plus500 does offer an Islamic account option for those who desire it.

This can represent quite the positive selling point for the company since, surprisingly, among top brokers, many still do not offer accounts which are suitable for Islamic users.

Plus500 Leverage – What it the highest leverage Plus500 offers?

The leverage available through Plus500 varies depending on the trading instruments you are using, such as the cryptocurrency CFDs which offer up to 1:2 leverage, however the maximum available leverage within any market is 1:30.

This amount may not be as high as some brokers, but it is an ample amount of risk for any trader and for the platform especially considering the riskier nature of CFDs and the amount of regulatory bodies whom have some form of oversight.

Plus500 Cryptocurrencies

Plus500 offers a range of Crypto CFDs, these include Ethereum against Bitcoin as well as USD pairings with Bitcoin, Bitcoin Cash, Ethereum, Neo, Litecoin, Ripple, and Monero.

Leverage is available within the Plus500 crypto CFDs at a rate of 1:2 with trading available in these markets around the clock.

Plus500 CFD

Throughout this Plus500 review, you will have noted that they are exclusively known as a broker of CFDs. It stands to reason then that their offerings in this market are widely varied to cater for an entire range of users.

The company offers over 2,000 trading instruments through CFDs across a wide range of markets. These include indices, forex, commodities, cryptocurrencies, shares, options, and ETFs. We can safely say that no matter which CFD markets you are in search of, you will likely find them here.

Plus500 Privacy Policy

As well as a highly comprehensive privacy policy which is expected from Plus500 and the range of regulatory bodies which monitor their operations, the company also have a broad range of additional policies aimed at protecting and benefiting traders.

Did you know that thanks to Social Trading you don't have to be a Trader to earn like one? OPEN AN PLUS500 ACCOUNT AND TRY!

(76.4% of retail CFD accounts lose money)

PART 4 – Plus500 Trading Platforms Review

Becoming more informed about the platforms which will act as your trading vehicle with a broker is vital in your decision making process.

Therefore, let’s take a look under the covers and see what Plus500 has to offer in terms of trading platforms.

Plus500 Trading Platform Review

The Plus500 platform review differs from that of many other major brokers in that they do not offer some of the traditional trading platforms which many may have come to expect. What they do offer though is their own proprietary trading platforms which are varied between being client-based, web-based, and mobile.

Being such a large and profitable company has allowed Plus500 to invest extensively in making the most user-intuitive and professional trading platform which it can for traders. This is clearly exemplified in the results.

A quick Plus500 trading software review shows that they offer a downloadable client-based platform, but also a trading platform which is instantly accessible from the web. The platforms themselves are neatly packed with useful features and professional trading tools. These features include prices alerts, a guaranteed stop and the ability to close on profit or losses.

These features work well in-tandem with a platform interface which is welcoming and well organized. The timeframe of the charts displayed within the trade platform can be toggled between 1-minute and 1-week intervals.

Web Platforms

In terms of trading with your computer, Plus500, although not featuring a MetaTrader platform as we often see with major brokers, does feature their own WebTrader. This enables fast and efficient trading directly from your web browser. The process is quite literally instantaneous from clicking the link to opening the WebTrader within your browser.

This platform immediately stands out as being very user friendly in both layout and process.  As noted from the screenshots, the WebTrader opens in 3 easy to view windows within trade mode. This allows you to find all major markets from a scrolling list on the left which will concisely display the top instruments in the center top window when clicked. This means you can quickly and easily access any of the major markets provided by Plus500. The fast search bar which is incorporated also added to the expedient nature of trading through Web trader.

There are a number of basic and advanced charting tools available with a customizable chart clearly displayed in the center bottom window. This can be easily expanded to full-screen and again provides a high degree of clarity useful for both new and experienced traders.

Placing orders is concise and fast with the window popping out from the right side of the screen. Here you can easily access all of the basic pricing information as well as more detail on the instrument, available leverage, and ability to set buying levels and stop loss positions.

On the whole, the WebTrader functions both quickly and efficiently. It is particularly suitable for new traders of those who do not want to be confused by an endless degree of charts and graphs. With that said, these options are still readily available through the platform in a compact fashion.

plus500 platforms review

Mobile Platforms

Mobile trading is becoming an increasing important facet within the industry. This is not lost on plus500. A review of the Plus500 app reveals that it is available on both Android and iOS and is well rated and respected within both communities.

The Mobile Trading platform from Plus500 is also highly user friendly as the web-trading platform. It is visually appealing and compact with all of the necessary trading functions to operate on the move. You can easily  log-in using your touch ID, and the mobile platform displays each market and instrument in the same easy to read manner as the Web platform.

Again with the mobile platform, you can set up multiple indicators on your charts if required, and these will display as nicely and concisely as possible within your screen. When buying and selling you are taken to the next screen where you can easily set you basic parameters such as trade price and also stop/loss positions.

Each operation window is clearly marked through a taskbar at the bottom of the screen through which you can easily navigate the app and its main features. As with the WebTrader, the mobile app demonstrates itself to be both efficient, attractive, and easy to use for all levels of trader. It is also worth noting that the mobile platform is available in multiple languages on both iOS, and Android.

Plus500 tutorial: Where to find the best Plus500 Guides

There is no official educational resource attached to the company website directly, and in a sense, this is a negative point.

Try the Plus500 Platform!

76.4% of retail CFD accounts lose money

PART 5 – Plus500 Support, Research and Educational Material

Having conducted a comprehensive review of Plus500, their trading platform, market instruments, and a range of other factors, we will offer our conclusions in regard to both the positives and negatives which we could derive from the Plus500 review.

This should serve to assist you as a trader in identifying if the Plus500 platform and offering suit your needs moving forward.

Plus500 Customer Support

Plus500 customer support is all-encompassing and supportive of 31 different languages for traders from around the world.

The website features an extensive FAQ section which covers many of the major topics of concern whilst a 24/7 live chat option is available as well as email contact.

Plus500 support does not appear to extend to the telephone. This is not a vital point but it may be discouraging for some users, especially those who are more experienced or advanced in years.


In terms of research, Plus500 offers limited resources. Where other platforms are often heavily focused on integrating the latest live news feeds from reputed sources into their platforms, Plus500 prefers to focus on trading. Ultimately this means the fundamental actions of buying and selling through the platform are completed quickly and in a highly efficient manner. The downside though is that, comparative to others, the broker offers few insights with a limited number of technical indicators, and no live news feed.

Plus500 do offer a comprehensive economic calendar which charts the major events of the market at any given time or location. This is a vital resource which can be of great importance to trading decisions.

In these terms, Plus500 id much more appealing to an experienced trader who will come in with their own their own third party information sources already tracking, or traders who simply enjoy trading in a more stripped back environment following market sentiment and intuition. 

Educational Material

Again, in the area of education, there is little in the way of additional assistance from the broker. This is something which will not concern experienced traders, though if you are a new trader, it would be highly recommendable for you to follow some other trusted educational resources to help build your knowledge of the industry as you trade.

Plus500 Trading Academy

One of the downsides for the Plus500 review is the fact that they feature no central hub or material when it comes to education in the sector. This is certainly something which serves to limit the number of new or inexperienced users who use Plus500.

This is a factor which is quite rare within the industry. Many major brokers will often feature extensive training materials including webinars and other assistance in the hope of attracting new traders.

That said, the success of the company is clearly evident and through this Plus500 review we can see there are ample facilities for experienced traders to benefit from. The fact that Plus500 also does not attempt to strongly encourage beginning traders can be a positive sign in relation to their growth and future direction.

Outside Plus500 for those who are desiring to learn more about forex trading and the best forex brokers in the industry, there are always a wealth of other providers from which to source your information.

Plus500 users, customers and bad reviews

Before moving on to our final opinion on Plus500, for completeness we want to give you the opportunity to read some comments and experiences written directly by other users. However, important prerequisites must be made:

WARNING: in the world of online trading, very often users who do not know how to operate professionally, and therefore lose money, vent their frustrations by giving bad reviews on the broker, reviews that have nothing to do with the quality of the broker in question.
WARNING 2: There have been many cases where non-professional rival brokers paid fake users to write false negative reviews on other brokers.

That said, it can still be useful to take a look at the direct reviews of other users, if for no other reason to understand what to pay more attention to when you start working with that broker.

You can read users and customers reviews on Plus500 on TrustPilot and ForexPeaceArmy.

Plus500 5 stars
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
(76.4% of retail CFD accounts lose money)

PART 6 – Final Thoughts and Opinions on Plus500

Having noted the comprehensive offerings of the Plus500 platform, we will now endeavor to bring all these factors together in making an objective and insightful range of opinions which can help you moving forward with your decision on which broker to choose for trading. 

Plus500 review, Plus500 opinions and final comments

Plus500 is a global force in the CFD broker industry and the financial world in general.

It is among the few that are publicly traded and as highly overseen by a number of global regulatory bodies. All of these factors can only assist in increasing the degree of transparency with which the broker operates. In return, this clarity can only be of positive outcome to traders.

Being such a dominant force allows Plus500 the luxury of liquidity. It is this liquidity which ultimately serves to reduce the cost of trading on the platform and allows users to be offered commission free trading as well as free deposits, withdrawals, and a range of other actions.

Though user reviews from beginners may be negative due to the lack of educational materials provided, Plus500 represents a prime area for the more experienced trader who can truly benefit from the intuitive interface and professional tools provided as part of the Plus500 trading platform.

Why You Should Choose Plus500

As well as being world-renowned, Plus500 provide ample opportunity for more experienced traders to really hit their objectives through a slick combination of the professional trading platform, lack of fees, and the relatively easy availability of leverage up to 1:30.

This is not to mention that the positives for non-English speaking traders extend to communication, with the company customer support being available in up to 31 different languages. This is a factor which could really transform the trading future of many international users. 

Plus500 Reviews – PRO

  • The company reputation precedes itself in the marketplace thanks to transparency and over a decade of stellar operational quality.
  • Global regulation in multiple regions only reflects strongly on both the vision and trustworthiness of the company.
  • User-friendly and intuitive proprietary trading platform which can serve to enhance opportunities for many experienced traders.
  • The demo account features no time restriction as is common among other major brokers.
  • A customer support network spanning 31 languages helps to extend the offering to new traders from around the world.
  • The widest range of CFD markets available anywhere in the industry.

Plus500 Reviews – CONS

  • A distinct lack of training and educational material may serve to discourage new or inexperienced users from trying Plus500.
  • Failing to support the popular Metatrader platforms in some form may discourage many traders from joining Plus500. This can be especially true of experienced traders who are already accustomed to these platforms.
  • Company website is not particularly user friendly. In-depth information requires sign-up and the FAQ section of the site is cluttered but lacking sufficient detail.
  • Somewhat limited support options available by email or livechat only may not be suitable for all users.
Plus500 5 stars
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
Plus500 logo
  • Regulated: FCA, CySEC, ASIC, MAS, IE Singapore, FMA, SA FSP
  • Platforms: Proprietary
  • Min. Deposit: $100
(76.4% of retail CFD accounts lose money)