Plus500 Review
Overall Rating
4.5 / 5
Fees
4.3 / 5
Safety
4.7 / 5
Platforms
4.1 / 5
Education
4.4 / 5
Min. deposit
$100
Plus500 — At a Glance
- Regulation
- FCA (United Kingdom), ASIC (Australia), FMA (New Zealand), CySEC (Cyprus), FSCA (South Africa), EFSA (Estonian), DFSA (United Arab Emirates), JSFA (Japan), FSA (Seychelles), MAS (Singapore), SCB (Bahamas), CIRO (Canada), ISA (Isreal)
- Broker Type
- Market Maker
- Minimum Deposit
- $100
- Payment Methods
- Bank Transfer, Debit Cards, Credit Cards, Apple Pay, Google Pay, PayPal, Skrill, Neteller
- Account Currencies
- AUD, CAD, HKD, JPY, NZD, SGD, CHF, EUR, GBP, USD, ARS, BSD, BHD, BRL, CLP, CNH, CNY, COP, CRC, HRK, ISK, IDR, KWD, MYR, MXN, TRY, OMR, PAB, QAR, RUB, SAR, RSD, SCR, ZAR, KRW, TWD, THB, AED, UYU, CZK, DKK, HUF, NOK, PLN, RON, SEK, BGN, ILS
- Assets Offered
- Forex, CFDs
- Trading Platforms
- Plus500 Moboile App, Plus500 Web Platform
- Demo Account
- Yes
- Maximum Leverage
- 1:300
- Spread Type
- Variable
- Spread From
- 0.9 PIPS
- Commission
- No commission
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Swap Free Account
- Yes
- Managed Account
- No
- PAMM / MAM Trading
- No
- Joint Account
- No
- Social / Copy Trading
- No
- Hedging
- No
- Scalping
- No
- One Click Trading
- No
- OCO Orders
- No
- Trailing Stop Loss
- Yes
- API Access
- No
- VPS Hosting
- No
- Bonuses
- Yes
- Contests
- No
- Headquarters
- Matam, Building 10.2, Haifa, 3115001, Israel
- International Offices
- United Kingdom, Japan, Australia, Cyprus, Isreal, Seychelles, Singapore, Estonia
- Languages
- English, Czech, Danish, German, Estonian, Spanish, Greek, Croatian, Italian, Latvian, Lithuanian, Hungarian, Dutch, Norwegian, Polish, Portuguese, Russian, Romanian, Slovak, Slovenian, Finnish, Swedish, Turkish, Bulgarian, Hebrew, Arabic, Chinese (Simplified), Chinese (Traditional)
- Customer Support
- Live Chat, Email, Phone
Pros & Cons
Pros
- +Strong global regulatory oversight
- +Listed on the stock exchange
- +Broad global market access through CFDs
- +Fast and easy account opening
- +Multiple fast and secure payment methods
- +Low minimum deposit
- +Negative balance protection
- +Demo account available for practice trading
- +Low forex trading fees
- +Free deposit and withdrawal
- +Islamic (swap-free) accounts available
- +User-friendly mobile and web platforms
- +Great educational resources for all levels of traders
- +An inactivity fee is charged only if you do not log in to the platform
- +Good customer support service
Cons
- −Product offering limited to CFDs
- −High overnight financing rate
- −No support for TradingView, MT4, MT5, and cTrader
- −Restrictions on trading strategies
- −No integrated social, copy, and PAMM trading features
- −Research tools are fairly basic