Plus500 Spreads Review

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 5 min read
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As with every major forex broker, Plus500 incorporates a spread to the prices which you are offered as a trader.

Once you have selected one of the Plus500 account types to open your account, you will likely find yourself wanting to know more about the spread they charge.

You could even be curious of this while still searching for the ideal account.

Whatever the reason, we are here to help.

We have worked to compile the most detailed and accurate information available on all of the Plus500 spreads to enable you to make the best possible choice.

You can also see our Plus500 review for a full in depth look at the broker.

Table of contents

Type of Spreads with Plus500

The very first thing to take a look at with the Plus500 spread is the standard different types available and where exactly they can be found.

Variable and Fixed Spread

Plus500 spreads are offered in both fixed spread and variable spread format. The type of spread which you are offered here does not particularly depend on the asset itself, but instead on the single instrument which is used.

The Plus500 fixed spread differs slightly from what you may consider a fixed spread with other brokers. With Plus500, a fixed spread simply refers to a situation where the spread is fixed on your open positions. This spread can still change outside of these positions though.

Spread on instruments

Plus500 features trading in more than 70 forex pairs of all types. This is in addition to CFDs trading in indices, commodities, shares, options, ETFs, and 8 cryptocurrencies (Availability subject to regulation).

Plus500 is a no-commission broker. This means they only profit from the spread provided. The spread on these instruments also does not change based on the regulatory area. This provides a uniform feeling.

Spread on accounts

As mentioned, each account type offered with brokers can sometimes be subject to different spread amounts and types. Here is the situation with Plus500:

Retail Account

The Plus500 retail account is available to traders in the EU, UK, Singapore, and Australia.

As previously mentioned, there is also no commission on trades made here.

These account types also cater for 4 different types of stop orders. When it comes to spreads, only one of these types of stop, the guaranteed stop, has any impact on the spread (slight increase). This type of stop is reliable in the sense that it guarantees your position at a certain rate meaning you will not suffer from slippage as can be the case with other types.

Professional Account

The Plus500 professional account is available  to traders in the EUUK and under ASIC regulation who meet a specified criteria in relation to volume, trading experience, and trading frequency. You can upgrade to here from a retail account if you meet these conditions.

Although the professional account offers several additional benefits on a Plus500 retail account, none are specifically related to spread.

Spread review on various assets

We will now take a more in-depth look at the Plus500 spread on their various assets so that you can have a comprehensive knowledge of the cost of trading in each individual asset.

Forex

As we mentioned above, Plus500 forex trading encompasses more than 70 forex pairs. There is no commission on trading, and the only commission applied is that of the spread as listed in the chart below:

Plus500 Forex Spread* Standard Account
EURUSD 0.8
USDJPY 1
GBPUSD 1.3
EURGBP 1.5

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)

Commodities CFDs

Commodities are traded as CFDs with Plus500 and there are more than 20 available, both soft and hard. These are again traded without commission.

Plus500 has 5 metal CFDs markets to choose from where traders can trade metals/USD markets. As always with Plus500, there are no commissions applied.

There are a total of 5 energies available for trading as CFDs with Plus500. The spreads for these can be noted from the chart below, and as usual the company applies no commission.

Plus500 Commodities Spread* Standard Account
GOLD 0.29
US OIL 0.04
UK OIL 0.04

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)

Indices CFDs

With Plus500 you can also trade CFDs on some of the most popular indices in the financial world. This includes the likes of the Nikkei from Japan, the FTSE 100, and the AUS200. Sector and situation indices such as the Brexit Index are also made available. Again, these are traded with no commissions and based on the average spread as charted below:

Plus500 Indices Spread Standard Account
US500 0.7
NASDAQ 1.2
FTSE100 2.0

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)

Shares CFDs

Plus500 shares trading as CFDs opens up a huge range of options for traders too. This allows for dozens of shares to be traded from top global companies. These companies are based all around the world in more than 15 countries, and spreads on these share CFD markets start from 1pip. As always with Plus500, there are no commissions, only the spread.

Plus500 Stocks Spread Standard Account
US STOCKS 0.08**
UK STOCKS 0.08**
EU STOCKS 0.08**

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)
**It may vary depending on the traded asset

Options CFDs

There are dozens of options available for trading through Plus500 on different instruments. Spreads start from 2pips with no commission. The Plus500 options spread works with a dynamic spread at all times. This means it can be anything between 100%-120% of the market spread at the time.

Cryptos CFDs

Plus500 crypto trading opens up 8 instruments (availability subject to regulation) to choose from including a crypto index. Through Plus500, crypto/USD instruments can be traded. The only crypto/crypto trading market available is the BTC/ETH.

The spread on these markets start from 20pips, and again, no additional commission is applied.

Plus500 Cryptos Spread* Standard Account
BTC 182.92
ETH 7.19
LTC 1.25

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)

ETFs CFDs

More than 50 ETFs are available to trade as CFDs through Plus500. As always with Plus500 this is on a commission-free basis.

Plus500 ETF Spread* Standard Account
ETF 0.20**

*The values of these spreads were taken on 16th April 2021 at 14:38 (GMT+1)
**It may vary depending on the traded asset

Comparison with other major brokers

When comparing Plus500 with other major forex brokers, we can conclude that they are one of the best low spread brokers around. This is a reputation which the company have worked hard to create since their inception.

Alongside with the spread, Plus500, just like any CFD provider, charges fees such as: overnight funding, currency conversion fees, inactivity fees and a fee on the guaranteed stop feature.

A point of differentiation between Plus500 and other brokers is the fact that their fixed spread is subject to change outside of the positions which you are currently in. This may be a point which some traders take time to adjust to, although it does not always mean the spread will worsen, it can also improve.

Plus500 also makes a huge range of instruments available across the board. This provides traders with an excellent level of choices to rival any competing broker. If you are looking for the best brokers for scalping or hedging, then you should also look elsewhere as these activities are not allowed at Plus500.

Overall, Plus500 though remains a highly competitive player when it comes to having the best spreads, and this is something which you should certainly consider when choosing your next broker.

Plus500 Spreads FAQs

What is the spread on Plus500?

Plus500 offers floating spreads. These typically start from 1 pip depending on the asset.

Is Plus500 good for scalping?

According to Plus500’s terms and conditions, scalping is not allowed. Scalping may result in account closure.


About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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