- High CFD fees
- High currency conversion fee
Plus500 is a global fintech trading platform that offers an advanced yet user-friendly experience for traders of various levels. With a premium listing on the London Stock Exchange and over 26 million customers worldwide, it provides access to a diverse range of trading instruments, including Contracts for Difference (CFDs), share dealing, and futures. Headquartered in Sydney, Australia, Plus500AU Pty Ltd operates under licenses from key regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand.
In addition to its cutting-edge technology and financial instruments, it enjoys high customer satisfaction ratings, especially on mobile platforms. The company’s mission is to offer intuitive and reliable trading experiences while continuing to expand its product offerings and global market presence.
Plus500 Features
| 🔎 Features | 🥇 Plus500 |
| Year Founded | 2008 |
| Amount of staff | 1,000+ |
| Amount of active traders | Over 400,000 active traders (as of the latest reports) |
| Publicly Traded | Yes, listed on the London Stock Exchange (LSE: PLUS) |
| Regulation and Security | Very High |
| Regulation | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC |
| Country of regulation | UK Australia Cyprus New Zealand |
| Suited to Professionals | ✅Yes |
| Suited to Active Traders | ✅Yes |
| Suited to Beginners | ✅Yes |
| Most notable Benefit | Wide range of tradable instruments (CFDs on forex, stocks, commodities, indices, etc.), competitive spreads, user-friendly platform |
| Most Notable Disadvantage | Limited educational resources for beginners, lack of fundamental analysis tools |
| Account Segregation | Client funds are kept in segregated accounts |
| Negative balance protection | ✅Yes |
| Investor Protection Schemes | Client funds are protected under the Financial Services Compensation Scheme (FSCS) in the UK, and other local protection schemes |
| Account Types and Features | Real Account, Demo Account |
| Minor account currencies | USD, EUR, GBP, and other major currencies available for trading; minor currencies not as widespread |
| Minimum Deposit | $100 (or equivalent in other currencies) |
| Average deposit processing time | Instant (depending on payment method) |
| Average withdrawal processing time | 1-3 business days |
| Fund Withdrawal Fee | No withdrawal fees for most methods |
| Spreads from | 0.8 pips (depending on the market conditions) |
| Commissions | No commissions spreads only |
| Number of base currencies | 7 (USD, EUR, GBP, AUD, JPY, CHF, and CAD) |
| Swap Fees | Applicable swap fees/overnight financing |
| Leverage | Up to 1:30 for retail clients (varies by region) |
| Margin requirements | Varies by asset class typically between 2% to 5% |
| Islamic account | ✅Yes |
| Demo Account | ✅Yes |
| Order Execution Time | 1-2 seconds |
| Total CFDs Offered | Over 2,000+ |
| CFD Stock Indices | ✅Yes |
| CFD Commodities | ✅Yes |
| CFD Shares | ✅Yes |
| Deposit Options | Credit/debit cards, bank transfer, PayPal, Skrill, Neteller, e-wallets |
| Withdrawal Options | Credit/debit cards, bank transfer, PayPal, Skrill, Neteller, e-wallets |
| Trading Platforms | Plus500 WebTrader, Plus500 Mobile App +INSIGHTS |
| OS Compatibility | WebTrader (browser based), iOS, Android |
| Forex trading tools | Basic charting tools, risk management tools (stop-loss, take profit), no advanced trading tools like MetaTrader4/5 |
| 🩷 Customer Support | Responsive |
| Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn, YouTube |
| Languages supported | English, Spanish, German, French, Italian, Portuguese, Dutch, Chinese, and other languages |
| Forex course | No comprehensive course; limited resources |
| Webinars | Limited availability |
| Educational Resources | Basic tutorials and guides |
| Affiliate program | ✅Yes |
| Amount of partners | Hundreds of affiliate partners globally |
| IB Program | ✅Yes |
| Sponsor | Legia Warsaw Chicago Bulls BSC Young Boys |
Safety and Security
When it comes to safety and security, Plus500™ prioritizes the protection of its users’ funds and personal data. The platform operates under strict regulatory oversight, with client funds held in segregated trust accounts to ensure transparency and security. Plus500AU Pty Ltd is regulated by ASIC in Australia, which mandates that the company comply with rigorous financial practices, offering customers peace of mind.
The platform also adheres to the highest security standards in terms of data protection. It ensures that all communications are conducted securely, with clients advised to only trust emails and communications originating from its official domains. As part of its commitment to safety, it also provides a clear complaints process and a dedicated customer service team available 24/7 for any support needed.
What sets the Broker apart is not only its technological expertise but also its proactive approach to user security, helping to protect traders from fraud and ensuring their personal and financial data remains confidential.
Minimum Deposit and Account Types
Plus500 provides an easy and affordable way for traders to enter the market, with a relatively low minimum deposit requirement of just $100 (or its equivalent in other currencies). This makes it an appealing option for beginners and those wishing to explore trading with a modest initial investment.
Plus500 offers two primary account types: the Real Account, for live trading with real funds, and the Demo Account, which allows traders to practice and get acquainted with the platform using virtual funds. This flexibility is perfect for both novice traders learning the basics and seasoned traders looking to test strategies before committing real money.
Trading Platforms and Tools
Plus500 offers a comprehensive and user-friendly trading platform, providing access to a wide range of financial instruments, including CFDs on global markets. Traders can take advantage of fast and reliable order execution, no commissions, and tight spreads. With advanced analytical tools, real-time quotes, and leverage of up to 1:30, Plus500 makes it easier for traders to engage in leveraged trading.
The platform also includes a demo account to help users practice their strategies risk-free. Plus500’s +Insights tool allows traders to analyze market trends and gain insights into the strategies of other traders.
Fees, Spreads, and, Commissions
Plus500 offers a competitive and transparent fee structure, designed to ensure that traders know exactly what to expect. Most of the platform’s services are free of charge, including deposits, live share CFD prices, real-time forex quotes, and dynamic charts. Plus500 primarily makes its revenue through the Buy/Sell spread, which is the difference between the price you can buy an instrument for (Ask) and the price you can sell it for (Bid). This spread is incorporated into the quoted rates, so you don’t pay extra beyond the listed price.
There are a few additional fees that may apply depending on your trading activity. For example, overnight funding charges may apply if you hold positions overnight, and a currency conversion fee may be levied if your trade is in a different currency than your account. Plus500 also charges an inactivity fee after three months of account inactivity. However, the platform does not charge fees for deposits or withdrawals, making it a cost-effective choice for traders.
Deposit and Withdrawal
Plus500 provides a range of deposit and withdrawal options to accommodate traders worldwide. Available methods include Visa and MasterCard cards (with some regional restrictions), electronic wallets such as PayPal and Skrill, and bank transfers for direct payments between accounts.
To make a deposit, simply go to the Funds section, select Deposit, choose your preferred method, and complete the necessary fields. For withdrawals, the process is similar: select Funds, then Withdrawal, choose your preferred withdrawal option and submit the required information.
Plus500 does not charge any fees for deposits or withdrawals but be aware that your bank or payment issuer may apply charges. Withdrawals typically take one business day to process, but the time to receive the funds depends on the payment method and the third-party processor. You can easily track the status of your withdrawal via the Monetary History section in the web app or mobile app.
