Plus500 Review 2023 – Pros and Cons

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Plus500 is an online trading platform that was founded in 2008. The company is headquartered in Israel and has offices in several other countries, including the UK, Cyprus, Australia, and Singapore. Plus500 offers trading in a wide range of financial instruments, including CFDs on stocks, indices, commodities, and cryptocurrencies. The platform is known for its user-friendly interface and commission-free trading model. Plus500 is regulated by multiple financial authorities, including the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). As of 2021, Plus500 has over 220,000 active users worldwide and is publicly traded on the London Stock Exchange.

Plus500 Ltd.

Brokers Name

Plus500 Ltd.

Regulation

FCA, CySEC, ASIC, FMA

Established

2008

Headquarters

United Kingdom

Trading Desk

Market Maker

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Spanish, French, German, Italian, Dutch, Norwegian, Polish, Portuguese, Romanian, Slovak, Slovenian, Swedish, Bulgarian, Croatian, Czech, Danish, Estonian, Finnish, Greek, Hungarian, Icelandic, Latvian, Lithuanian, Malay, Russian, Chinese, Turkish

Account Details

Accounts

Standard

Min. Deposit

$100

Base Currencies

USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, ZAR, SGD

Leverage

1:300

Spreads

0.8 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

Plus500 WebTrader

Trading Instruments

Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices

Pros

  • User-friendly trading platform
  • Wide range of financial instruments available for trading
  • No commission fees on trades
  • Free demo account available
  • Mobile app for trading on-the-go
  • Regulated by multiple financial authorities

Cons

  • Limited research and educational resources
  • Limited customer support options
  • No access to MetaTrader 4 platform
  • Limited trading tools and indicators
  • Inactivity fees charged after three months of no trading activity

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

no

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Debit or Credit cards, Bank Transfer, Electronic wallets (PayPal or Skrill)

Withdrawal

Debit or Credit cards, Bank Transfer, Electronic wallets (PayPal or Skrill)

Contacts

Phone

+65 31389075

Email

support@plus500.com

Address

Plus500UK Ltd, 8 Angel Court, Copthall Avenue, London, EC2R 7HJ.

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