In this Plus500 broker review, we deep-dive into a trader focus platform. It is known for CFD trading and therefore appeals to traders mostly.
Plus500 review summary
Plus500 is a broker that caters to experienced traders in its 22 million client base across 50 countries. In most regions, it offers 2700 instruments, all of which are CFDs and therefore bought on margin. ‘77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.’
Before or during trading, you can learn more at the Trading Academy, which offers Ebooks, videos and FAQs. You can also get familiar with Plus500 for free as it offers an everlasting demo account.
Countries & Languages
There is an extensive list of 50 countries Plus500 accepts clients from. Instead of listing all of these, below you can find the several countries it does not accept:
- United States (except for Futures)
If you prefer to trade in your native language then the odds are high of doing so with Plus500 thanks to its 30 languages on-site and on the platform:
- Traditional Chinese
This broker offers the Plus500 CFD platform which we explain below.
Starting off with the Plus500 experience, you will be treated to the CFD platform. Here you can trade crypto, indices, forex, commodities, shares options, and ETFs. However, most if not all will be leveraged. If you do not know what leverage (margin) is, this experience is not recommended. If you are familiar, then you can check out all instruments on-site first, to make sure they offer your favorites.
Plus500 broker review – commission
Plus500 is a zero commission broker which is very advantageous on multiple levels. If you are trading, Plus500 makes a small percentage of your trades through spreads.
Should you keep your CFDs for days, overnight funding is charged. Any trade made in a different currency is also subject to exchange rate costs. Lastly, you may be charged an inactivity cost if you are inactive for more than 3 months, but this can easily be avoided by logging in at least once in that period.
Deposit & withdrawal methods
Most brokers offer bank transfers and debit & credit card deposits and withdrawals. Plus500 goes the extra mile and offers:
Licensed and regulated
Plus500 is a safe broker as it's regulated by the list of governing bodies below, whilst also tradeable on the London Stock Exchange.
- Plus500UK Ltd is authorized & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1).
- Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
- Plus500AU Pty Ltd (ACN 153301681), licensed by:
- ASIC in Australia, AFSL #417777, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Plus500 broker review conclusion
Alright, so with all that said and done this is a broker that brings value, at a cost. Whilst CFD trading won't come cheap, it will offer the required tools to do so.
You are likely to experience the platform in your native language and can continue to hone your skills thanks to the free Plus500 trading academy.
If you are still in doubt, why not try their free demo account and experience the platform for a more personal review? While you are at it, do not forget you can see all instruments on site, if you are looking to trade anything particular.