Plus500 Review 2025: Pros & Cons, Fees, Features, and More
Its user-friendly interface and highly-ranked mobile app are among its best qualities. It also does well to provide a diverse range of CFDs across various markets, and its transparent fee structure will certainly be appreciated by cost-conscious traders. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Plus500 typically offers relatively tight spreads on various financial instruments, and it does not charge commissions on trades, which can potentially reduce overall trading costs. If you’re new to trading, start with a demo account to practice, and consider seeking additional educational resources before venturing into live trading with real money.
Why is it important to know where your broker subsidiary (entity) is regulated?
As with other brokers, there is always a risk that third parties apply charges to deposits and withdrawals. The website offers a considerable FAQ section with over 80 questions translated into 31 languages. Plus500 also provides customer support services via email and live chat. The only downside is that customer support over the phone is not supported. As a primarily CFD provider, all assets offered by Plus500 are tradable under the instrument of contracts for difference.
How long will it take for my deposit to show on Plus500?
Explore the world of CFD trading with Plus500 and discover new opportunities in global markets. Plus500 charges an overnight funding fee and a currency conversion fee up to 0.7%. Scalping is not explicitly prohibited by Plus500, but the broker reserves the right to close or suspend accounts that engage in what it considers to be abusive trading practices. Plus500’s terms and conditions state that scalping may be considered an abusive practice, so scalpers should proceed with caution. One of the critical elements of plus500 forex review Plus500’s educational materials is the video tutorials.
It’s simple to set up alerts as well—just click on the bell icon next to your chosen instrument. You can set alerts for certain prices, but unfortunately not for price changes or buyer sentiment. If you want to keep an eye on certain instruments, Plus500 provides the tools you need. You can add your favorites to a watchlist so you’ll easily be able to view them as soon as you log in.
Is Plus500 regulated?
You should make at least a $100 deposit on credit cards and $500 with wire transfers. The flagship and more popular account in Plus500 is the standard account. You can start trading with just $100 after completing an opening process based on regulatory rules. Plus500 has a Client Money Protection program which is a series of measures that the CFD provider takes to protect clients’ money. In all, there are 8 crypto assets to choose from and 2 crypto derivatives (Crypto Index and ETH/BTC).
Money Protection
While your payment issuer or bank may apply their charges, the platform itself keeps the process straightforward and cost-effective. 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. Plus500 offers a web-based platform and mobile apps for both iOS and Android, allowing access to your account anytime, anywhere. Plus500 holds client funds in segregated trust accounts, by relevant regulatory standards, offering strong protection for your investments.
Is Plus500 good for beginners?
It will be applied to net profits and loss and reflect in real-time your unrealized net profit and loss. However, Plus500 doesn’t offer that service as the CFD provider is focused on independent traders through their only and single-user proprietary platform. You can open a demo account to try the CFD platform, learn CFD basics, or just to learn and test new strategies every single day. The only way users can contact the Plus500 customer support and receive any sort of assistance is in writing. They can either use the live chat, or the contact form available on the Plus500 website’s Contact page, to contact the support team by email. Plus500 doesn’t use its users’ funds for investment purposes like hedging or any other business objectives.
- Plus500 can be a good choice for retail futures traders, particularly beginners who value simplicity and access to the most commonly traded markets.
- For forex traders, the platform offers dozens of popular currency pairs.
- There’s all the major currencies, along with minor currencies such as Australian Dollars, and a large range of exotic currencies such as Thai Baht.
- The Plus500 platform provides users with quick and easy access to any instrument they might be looking for through its search bar, located on the upper left side of the platform.
- There are notifications that look like headlines, but those are articles that are less frequent than the streaming news headlines offered by the best brokers in this category.
Mobile trading apps
- Margin is the amount of capital required to open a leveraged position.
- The online reputation of Plus500 is generally positive, with an overwhelming majority of users reporting they are happy with how the platform works on computer and mobile devices.
- Offering more than 2,000 tradable assets, Plus500 has positioned itself as a top-tier CFD broker that caters to retail and professional traders alike.
- Funding options include Visa or MasterCard debit/credit cards, e-wallets (PayPal or Skrill), and bank funds transfers.
- It’s one of the best trading platforms to use, as it’s reliable, and very fast.
Plus500 offers regular news updates and analytical materials, informing traders about market events. Our platform is free for users, earning commissions from some partners without extra cost to you. Plus500 offers a seamless way to trade Bitcoin and other cryptocurrencies via CFDs. Traders do not own the underlying asset but speculate on its price movements. The platform also includes a risk management section, with tools like stop-loss orders and price alerts to help manage trading risks.