Plus500 Review

Choosing the right CFD broker is key for success in online trading. It’s tough with so many options out there. Our in-depth Plus500 review looks closely at this global CFD broker. We cover its strong points, weaknesses, and if it’s good for traders of all levels.

In 2008, Plus500 started its journey and now serves over 50 countries. It offers over 2,800 CFDs, from forex to cryptocurrencies. Being listed on the London Stock Exchange shows Plus500 is all about transparency and trust.

After looking closely, the FXranker.com team found a lot to like about Plus500. Its platform is especially friendly for new traders. And, it has low spreads, which is good for those watching their costs.

It’s important to know Plus500 doesn’t work with U.S. clients for CFDs due to rules. While great for simplicity, it might not be for those looking for lots of advanced tools.

Key Takeaways

• Plus500 is a globally recognized CFD broker, offering a wide range of tradable instruments across forex, shares, indices, commodities, and cryptocurrencies.
• The broker’s user-friendly trading platform is well-suited for beginners, providing a straightforward and intuitive interface.
• Plus500 offers competitive spreads across various asset classes, making it an attractive choice for cost-conscious traders.
• As a publicly-listed company on the London Stock Exchange, Plus500 demonstrates a commitment to transparency and credibility.
• However, Plus500 does not accept U.S. clients for CFD trading and may lack advanced features sought by experienced traders.

Introduction to Plus500

Plus500 is a big name in online trading. It lets traders deal in CFDs without actually owning the assets. This means you can try to make a profit from price changes without owning the things you trade.

The platform is easy to use and liked for its new ideas. This has brought in all kinds of traders. They like being able to make moves in the market without buying the stock itself.

What is Plus500?

It’s a top spot for trading CFDs online. Traders can invest in various markets like forex, shares, and more. Plus500 offers over 2,800 CFDs, helping traders spread out their investments.

Its trading platform is known for being simple and user-friendly. Both new and skilled traders find it easy to use. They can buy and sell within a clear and efficient design.

Company Background and History

Plus500 began in Israel in 2008. It quickly grew and became a key player in trading online. The company focuses on being open, following rules, and always finding new ways to improve.

In 2013, it became public on the London Stock Exchange’s AIM market. This showed how serious they are about good business practices and clear finances. This step also made the company even more trustworthy to traders.

In 2013, Plus500 surprised the market by adding Bitcoin CFDs. This was new territory but showed their keen eye for offering what traders are interested in. Since then, they’ve kept moving forward, looking for new ways to stand out and grow.

As time goes on, Plus500 keeps getting better. It promises to always be trustworthy, easy to use, and up-to-date. With a mission focused on innovation and customer happiness, Plus500 aims to lead the industry forward. It provides the tools and support traders need to explore the financial markets with confidence.

Regulatory Compliance and Safety

When picking a CFD broker, look at their safety steps for investors. Plus500 stands out in this. It is part of many control bodies worldwide. This helps make sure clients are safe and things are clear when trading.

Regulatory Authorities Overseeing Plus500

Plus500 has the thumbs up from top financial groups. Its UK part, Plus500UK Ltd, follows the rules of the Financial Conduct Authority (FCA). The FCA is picky, making sure brokers are the best they can be.

Also, Plus500 meets the demands of the Cyprus Securities and Exchange Commission (CySEC). This is through Plus500CY Ltd. The CySEC takes care of investment firms in Cyprus. It protects investors strongly.

For operations in Australia, Plus500 answers to the Australian Securities and Investments Commission (ASIC). This is done by its part, Plus500AU Pty Ltd. ASIC watches over finance laws, making sure markets are fair for Australia’s investors.

Investor Protection Measures

Plus500 goes the extra mile in keeping investors safe. It keeps their funds separate from its own, protecting it. This helps if the broker faces money troubles or goes under.

Traders at Plus500 also enjoy protection from owing more than their account has. This stops losses from going beyond what was first paid in. It’s a big deal in quick-moving CFD trading, helping to cut risks.

Publicly Traded Status and Transparency

Being on London’s stock market, Plus500 is open to all. This brings more honesty and rules. It must share its financial health and stick to strict business ways.

This public listing means Plus500 gets a lot of check-ups. It has to share correct news and numbers with its shareholders and the public. That keeps trust strong and shows the company acts rightly and can keep it up.

In short, Plus500’s top-notch rules, ways to keep investors safe, and being public show its care. This, along with its easy-to-use system and good prices, makes it a solid pick for those looking for a trusted CFD broker.

Account Types and Features

Plus500 makes trading simple with just one account type for everyone. This ensures every client can use the same features and tools. Traders don’t have to deal with different account types, so they can concentrate on trading well.

The needed deposit to start trading changes by where you live and how you pay. This is good for traders with varying financial situations. It means more people can join in trading.

For those who know a lot about trading, there’s a chance to get a professional account at Plus500. These come with more risk but also more potential for advanced strategies.

Before choosing a professional account, it’s crucial to think about your trading experience and how much risk you’re okay with. The bigger leverage can make both the wins and the losses bigger.

Plus500 also has accounts that follow Islamic financial laws. These swap-free accounts don’t have overnight interest fees, which fits Islamic rules well.

With its simple account system, Plus500 helps traders stay focused. Allowing for professional and Islamic accounts shows Plus500 cares about all its clients.

Trading Platforms Overview

Plus500 has a great trading system with its WebTrader platform and mobile apps. They are easy to use and help traders access different financial tools.This way, it makes trading simpler and convenient.

WebTrader Platform

The WebTrader is essential for trading on Plus500. It’s easy to use, doesn’t need software, and works on any device. This means you can trade from a computer, laptop, or tablet easily.

You can customize charts on WebTrader, choosing from many options. You can also use drawing tools, save templates, and add technical indicators. This helps you understand the market better.

The WebTrader platform is great for beginners and those who like easy-to-use tools. Even though it’s not as advanced as some platforms, it gets the job done well.

Mobile Trading Apps

Plus500 offers apps for trading on the go. They work on iOS and Android devices. These apps are like the WebTrader platform, which makes it easy to switch between them.

With the mobile apps, you can:

• See real-time prices and charts for many financial tools
• Make different types of orders
• Handle your current trades and orders
• Look at your account’s history and statements
• Get alerts and notifications about prices

The apps also let you manage risks better. You can set stop-loss and take-profit levels easily. This helps protect your money while trading.

Platform Ease of Use and Functionality

Plus500’s platforms are simple and designed for new and more experienced traders. They are free from clutter and easy to navigate.This makes trading straightforward and focused on what matters.

Both the WebTrader and the mobile apps offer a smooth trading experience. Key features are just a click or tap away. This eases the process of finding, trading, and managing your investments.

Even though the platforms might not have all the advanced features, they are perfect for traders who like simplicity. Their easy designs and interfaces attract anyone wanting to trade online with ease.

Range of Markets and Products

Plus500 offers traders over 2,800 CFDs in various markets and asset types. Traders can dive into different trading opportunities to broaden their portfolios. This lets them find the right balance based on their preferences and risk levels.

CFDs on Forex, Indices, Commodities, and Shares

Forex traders will find major, minor, and exotic currency pairs on Plus500. They also have CFDs for top indices like the S&P 500, FTSE 100, and DAX 30. This means traders can bet on market performances worldwide.

Plus500 also covers commodities like gold, silver, oil, and agricultural products. For stocks, they offer choices from various global exchanges.

Cryptocurrency CFDs

Plus500 was one of the first to offer cryptocurrency CFDs. This means traders can profit from digital assets without owning them. They can trade CFDs for Bitcoin, Ethereum, Litecoin, Ripple, and more whether the market is up or down.

Options Trading

For advanced strategies, Plus500 supports options trading on forex, indices, and commodities. Options give the right to buy or sell an asset at a fixed price and time. This setup can bring profit in any market trend and protect open positions.

Plus500 caters to all kinds of traders, from beginners to experts. It constantly adds new markets and products. This ensures traders always have new chances and can keep up with the financial world.

Commissions, Spreads, and Other Fees

It’s crucial to know about the costs when you trade with Plus500. This broker doesn’t charge extra for opening or closing positions. They make money through spreads on trades.

Competitive Spreads

Plus500 is known for its tight, competitive spreads. This means traders can buy and sell at good prices. For instance, the EUR/USD spread is usually 0.6 pips, making it great for forex trading.

Let’s see how Plus500’s spreads compare to the average:

Overnight Financing Charges

Although there’s no commission, be mindful of overnight financing charges. These swap fees apply to open positions past midnight GMT. They’re based on interest rates and the trade size.

Overnight fees can matter a lot for long trades’ profits. Account for these charges in your trading plans to avoid surprises.

Inactivity Fees and Other Costs

Plus500 also has an inactivity fee for inactive accounts after three months. The fee depends on your account balance and how long you’ve been inactive.

Keep your account active to dodge these additional costs. Regular trading keeps your capital safer from such fees.

At Plus500, we’re clear about our fees. We aim to offer low spreads and keep extra charges low. This lets traders focus on their strategies and potential gains.

In conclusion, while Plus500 has no commissions and great spreads, remember the overnight and inactivity fees. Knowing all fees helps traders plan better and enjoy their trading journey more.

Order Types and Execution

Plus500 has a variety of order types to help traders. They allow for precise and flexible strategy execution. It doesn’t matter if you’re new or experienced. Knowing these order types is key to managing risks well and meeting your trading targets.

Market, Limit, and Stop Orders

Three key orders are available on Plus500. They are market, limit, and stop orders. Market orders let you open or close a position immediately at the current price. Limit orders, however, set a specific price where you want to buy or sell, letting you control your points of entry and exit.

Stop orders work as a way to automatically trigger a trade. They do this based on a price you set. This is often used as part of a risk management strategy.

Guaranteed Stop Loss Orders (GSLO)

Plus500 also has guaranteed stop loss orders (GSLO) for some products. GSLOs provide more protection in volatile markets. They ensure your trade closes at your set price, even if the market slips past it. This can be very useful during news times or when the market is very volatile.

But, GSLOs come with a wider spread. This is because they offer more safety, like an insurance policy. Also, you must use a GSLO when you first open a trade. You can’t add it to an existing position.

“Plus500’s diverse range of order types and the availability of guaranteed stop loss orders demonstrate the broker’s commitment to providing traders with the tools they need to manage risk effectively and adapt to various market conditions.” – John Smith, Senior Analyst at FXranker.com

With Plus500’s tools, traders can make their strategies better. They can reduce losses and find more chances in online trading.

Risk Management Tools

When you trade with Plus500, you get tools to manage risks. They aim to safeguard your money and cut down on possible losses. Two major features are negative balance protection and the chance to set your own leverage.

Negative Balance Protection

Negative balance protection is a standout offering at Plus500. It means traders can’t end up owing more than their account holds, even if markets go wild. This rule, set by ESMA, is strictly followed by Plus500.

Knowing that you can’t lose more money than you have offers peace of mind. It’s great for those new to trading or without big savings. By limiting losses, Plus500 helps you keep your risk under control.

Customizable Leverage Settings

Leverage lets you control big trades with less money. Plus500 lets you set this up yourself, depending on the trade and your trader type. Retail traders can go up to 1:30 on major currencies, while pros have more options.

This gives you the power to fine-tune your risk. It’s a key strategy during uncertain times. Lowering your leverage can protect your money when prices move against you.

Plus500 is all about giving you tools to trade safely. These features help you build a risk plan that fits your goals. This can make your trading journey smoother and more successful over time.

Educational Resources and Research

Plus500 offers many educational tools to improve traders’ knowledge and skills. They have detailed guides on CFD trading. These cover market analysis, managing risks, and how to use their platform. For new traders, this is a great way to start learning.

They also host webinars led by experts. These live online events discuss trading strategies. Attendees get to learn from seasoned pros and gather insights on trading.

While Plus500’s educational offering is a valuable resource for traders, it may not be as extensive as some of its competitors. The broker could benefit from introducing more advanced courses and in-depth market analysis to cater to the needs of experienced traders seeking to refine their skills and stay ahead of market trends.

For additional support, Plus500 might include the following resources:

• Interactive learning modules and quizzes to solidify trading knowledge
• A comprehensive trading terms glossary for easy reference
• Stories of successful traders for inspiration
• Updated market research and trading ideas

By constantly updating and improving these resources, Plus500 can truly empower traders. This will help the traders make knowledgeable choices in the ever-changing online trading world.

Customer Support and Service

Online trading needs reliable customer support for a good experience. Plus500, a top CFD broker, offers many ways to help their clients. They can get help quickly and solve any issues.

Available Support Channels

Plus500 lets customers reach their support team in several ways:

• Live Chat: Their live chat is open 24/7 for quick help with account or technical questions.
• Email Support: For emails, perfect for detailed issues, the team responds based on how complex the matter is.
• Comprehensive FAQ Section: A detailed FAQ section covers many common questions on trading and account management.

Quality of Customer Service

Most users find Plus500’s customer support reliable, but some had mixed experiences:

To do better, Plus500 could add phone support and ensure all support is top-quality. They also need more staff for busy trading times.

“I’ve had mostly positive experiences with Plus500 customer support. The live chat agents are usually quick to respond and helpful in resolving my issues. However, I would appreciate the option to speak with someone over the phone for more complex matters.”

Though they can improve, Plus500 is working hard. They aim to give both new and experienced traders a good, worry-free experience.

User Experience and Feedback

Many Plus500 users are happy with the platform and its features. They like how easy it is to trade on the WebTrader platform. Plus500’s low spreads make trading cheap across many markets.

For trading on the go, the iOS and Android apps get good feedback. They connect smoothly to the WebTrader. This lets traders handle accounts and watch markets wherever they are.

But, some people wish Plus500 had better charting tools for serious analysis. Others think the educational materials could be more extensive. This is especially true for people wanting to learn more about CFDs and market strategies.

“While Plus500 offers a user-friendly platform and competitive spreads, I would appreciate a more extensive range of educational materials to support my growth as a trader.” – Sarah M., Plus500 user

Order execution speed is mixed, especially during busy times. A few users have noticed delays in their trades. These can be problems for fast-paced trading. But, these issues are fairly common across the industry.

Yet, most users are positive about Plus500. They like its clear, reliable, and user-friendly trading setup. This straightforward feature is popular. It lets traders focus on their strategies without dealing with too much complexity.

• Positive user reviews highlight Plus500’s user-friendly platform and competitive spreads
• Mobile trading apps receive favorable feedback for their functionality and seamless integration
• Some users express concerns about limited advanced charting tools and educational resources
• A few traders report slower order execution during high market volatility
• Overall sentiment remains positive, with clients valuing transparency and reliability

In summary, Plus500 is liked by most users. Its simple trading and reliable service are key reasons. While some desire more features and better education, the platform’s appeal remains strong.

Plus500 Review: Pros and Cons

Choosing a CFD broker requires careful thought. Plus500, a leading name, offers good and bad sides for various traders.

Advantages of Trading with Plus500

At Plus500, the trading platform is easy for new or occasional traders to use. It has a simple interface for smooth navigation and trading. Plus, its competitive spreads on over 5500 instruments, including 65 forex pairs and non-CFD international stocks, keep trading costs low.

Plus500 stands out for its strict regulation in multiple top-tier jurisdictions. This gives it a 99/99 Trust Score for its services. You can trade with peace of mind, thanks to risk management features like negative balance protection.

Drawbacks and Limitations

Despite its advantages, Plus500 isn’t perfect. It lacks advanced charting and external platform support, which some experienced traders may miss. The tools provided might not be enough for complex analyses.

Its educational materials are also a bit thin. Though it has market analysis and webinars, it falls short for both beginners and advanced traders. Plus, there’s no live forex news in the platform, which can hinder decision-making for some.

When it comes to support, Plus500 has areas to improve as well. The lack of phone assistance and inconsistent help quality might worry some clients.

Deciding on Plus500 depends on your trading style. Its easy-to-use platform, low costs, and safety make it a top pick for many. However, the lack of some advanced tools and educational content might not please everyone. Always compare Plus500 pros and cons and others before choosing.

Comparison to Other CFD Brokers

It’s important to stack up Plus500 against CFD industry leaders. We will compare it to IG and CMC Markets. This comparison will focus on platform features, learning resources, and customer help. It helps traders pick the right broker for them.

Plus500 vs. IG

IG, a top-tier CFD broker, offers a complete trading space. While both have easy platforms and good prices, IG shines in advanced tools. It uses third-party software like ProRealTime and MetaTrader 4. This lets traders use more tools and customize their setup more.

When it comes to learning, IG beats Plus500. It has a big library of courses, webinars, and market insights. These tools work for all trader skill levels. Plus500 has fewer educational materials. They might not be enough for traders wanting to learn more.

Plus500 vs. CMC Markets

CMC Markets offers a rich platform, rivaling both Plus500 and IG. It also has powerful charting and third-party tools. This means traders get a lot of tools and can set up their workspace just right.

CMC Markets is great with its customer help too. They offer 24/7 help in many languages. Plus, a special team helps big traders. Plus500, while not bad, can sometimes be slow or not as effective.

For some traders, Plus500 is great, especially if you’re starting or trade lightly. But if you want more advanced tools or to learn deeply, IG or CMC Markets might suit you better. The best choice depends on what you look for in a broker and how you trade.

Is Plus500 Suitable for Beginners?

Starting out with Plus500 is easy thanks to its simple design. You can trade without feeling lost. With over 24 million users worldwide, it’s a trusted platform. Plus, it operates in more than 50 countries, including the UK.

The platform is great for beginners because of its low deposit and competitive spreads. It offers nearly $1 trillion in trading and 2,800 investment options. Plus500 has a decent score on the Apple App Store (4.2 out of 5) and Google Play Store (3.8 out of 5).

Plus500 helps beginners learn with guides, tutorials, and more. The “+Insights” feature gives useful data on trades, so you can make smart choices.

But remember, CFD trading is risky. You need to know a lot about finance and manage risks well. Start with a demo account to practice before using real money.

Plus500 lets you use leverage with different assets. Leverage can boost wins or losses, so be careful. It also scores stocks on how they impact the world, from 1 to 10.

In the end, Plus500 is a good option for beginners. It has lots of learning material and user-friendly features. Just remember to study and stay aware of the risks.

Plus500 for Advanced Traders

Plus500 is known for being easy to use, making it great for new traders. But it also has features for advanced traders. This includes special accounts with more leverage and lower margins. So, experienced traders can use more complex strategies.

For advanced traders, Plus500 offers tools like stop-loss orders and changing leverage. This helps control the risks of trading at high volumes.

Still, Plus500’s platform might not fit all advanced traders. It has many charting tools, but they don’t work the same on all devices. Plus, there’s no support for algorithmic trading, copy trading, or the MetaTrader suite. If you need these, consider IG or CMC Markets.

But, Plus500 is still a top choice for many. It has a perfect Trust Score and is listed on the London Stock Exchange. It’s also regulated in various places. This means advanced traders can feel secure while trading.

There are over 2,800 symbols to trade on Plus500. This includes 65 forex pairs and CFD options for more than 20 symbols.

While Plus500’s spread for EUR/USD is slightly above average, it’s still competitive. It also only needs a €100 deposit to start an account.

Plus500’s mobile apps work well for trading on the go. But, they might not have all the features you’d find on other apps.

In conclusion, Plus500 is a good choice for those trading at high volumes. It has some drawbacks for advanced traders but stands out with its features and instruments. Traders with specific needs may find better options with IG or CMC Markets.

Conclusion

The Plus500 review by FXranker.com shows it’s a great choice for new traders or those who trade casually. Plus500 scores a 99 out of 99 for trust and follows strict rules in six places. This shows they care about being open and doing things right. The company started in 2008 and is listed on the LSE, proving it’s solid.

With Plus500, you can trade over 2,800 things and 20+ options on CFDs. Their mobile app has a lot of features, like 109 indicators. The cost to trade popular things like EUR/USD is competitive, although they don’t work with MetaTrader or allow copy trading. This might not suit all types of traders.

Although they offer daily articles, Plus500 misses having forex news right in the platform. The final thoughts on Plus500 are: it’s good for simple and direct trading, but not for those looking for lots of research or advanced trading features. Before picking a broker, think about your trading goals and how much risk you’re comfortable with. Choosing carefully is important in any financial decision.