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Plus500

  • Regulated by: Financial Conduct Authority (FRN 509909)…
  • Used by: 155,000 traders
  • Trust Rating: B
Open Plus500's Website

Losses can exceed deposits.

Plus500 offer two ways to trade: CFDs, Forex.

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Plus500 offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 509909), CySEC (Licence: 250/14), ASiC (AFSL #417727), and Derivatives issuer licence in New Zealand, FSP No.486026. Plus500 puts all client funds in a segregated bank account and uses tier-1 banks for this. Plus500 have been established since 2008, and have a head office in UK.

Before we dive into some of the more detailed aspects of Plus500’s spreads, fees, platforms and trading features, you may want to open Plus500‘s website in a new tab by clicking the button below in order to see the latest information directly from Plus500.

Open a demo account Visit Plus500

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Used by 155,000 traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)
  • Min. deposit from $100

CONS

What are Plus500's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on Plus500’s website. The colour bars show how competitive Plus500’s spreads are in comparison to other popular brokers featured on BrokerNotes.

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

Plus500 AvaTrade London Capital Group
Spread from: $9.00 $7.00 $3.00
Typical overnight fee: $9.40 $5.00 $8.01
Commission: 0 0 1
Total cost of a 100k trade: $18.4 $12 $12.01
+$6.4 saving +$6.39 saving
Visit Plus500 Visit AvaTrade Visit LCG

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • Plus500 does charge inactivity fees
  • Plus500 doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$9.4
  • the roll over fee for short positions on EUR/USD is -$0.000004

Commissions

  • Plus500 doesn't charge commission on CFD shares

What instruments can you trade with Plus500?

FX / Currencies Plus500 AvaTrade LCG
# of forex pairs offered 61 59 66
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes No
Commodity CFDs Plus500 AvaTrade London Capital Group
# of commodities offered 17 16 10
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Plus500 AvaTrade London Capital Group
# of Stocks offered 1816 99 4800
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Plus500's Instruments See AvaTrade's Instruments See LCG's Instruments

What's the Plus500 trading experience like?

1) Platforms and apps

Plus500 offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Plus500 Screenshot See Plus500's Platforms

Plus500 also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See Plus500's platforms

Trading Features:

  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

With Plus500, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Plus500 may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Plus500 offer margin up to 0.0025% on currencies.

Finally, we‘ve listed some of the popular funding methods that Plus500 offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal

3) Client support

Plus500 support a wide range of languages including English, Italian, German, French, Greek, Hebrew, Dutch, Arabic, Polish, Chinese, Japanese, Bulgarian, Croatian, Czech, Danish, Estonian, Finnish, Hungarian, Korean, Latvian, Lithuanian, Malaysian, and Norwegian

Plus500 have a BrokerNotes double AA support rating because Plus500 offer over three languages, live chat and email support.

CFDs are leveraged products and can result in the loss of your capital. All information collected from http://www.plus500.co.uk/ on November 21, 2017.