Summary

ProsCons
Globally Regulated No Educational Resources
Listed on FTSE250 Very limited News & Research
Good selection of Markets Inactivity fees
Only offers CFDs

Summary

Plus500 is a globally regulated and publicly listed company who have been operating since 2008. They offer a good range of markets with an industry leading Options offering. Plus500 have built a very user-friendly platforms, good charting options and basic risk management tools. However they have a very limited selection of the Educational, News or Research services.

Regulation & Security
4.4
Markets
3.3
Account Types
2
Funding & Withdrawals
3.1
Pricing & Execution
2.4
Commissions & Fees
3.2
Platforms
3.6
Charts
3.3
Tools
2.5
Customer Service
3.3
Education Resources
0.4
Research & News
1.1

Regulation & Security

Website: https://www.plus500.com

Trading Name: Plus500

Regulation: FCA | ASIC | CySEC | FMA | FSCA | MAS

Risk Warnings: 80.5% 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

Established: 2008

Number of Employees: N/A

Head Office Location: Israel

Listed Company: Public (FTSE250)

FBS Balance Protection: Yes

Segregated Funds: Yes (Tier 1 Bank)

Peer Review: Trust Pilot Great Rating from 1015 reviews in UK but poor from 902 reviews .com, FXP 1.67 from 147 reviews

Summary

Plus500 is a globally regulated company with a head office in Israel. Plus500 Ltd is authorised and regulated by the FCA (509909). It is one of a limited number of brokers who are publicly listed company with a listing on the FTSE250.

Rating

4.4

Markets

Market TypeNumber of MarketsLeverage
FX 61 Up to 30:1
Indices 29 Up to 20:1
Shares 1816 Up to 5:1
Commodities 17 Up to 20:1
Crypto 14 5:1
Options 875 Up to 5:1
ETFs 95 Up to 5:1

Summary

Plus500 offers a wide range of CFD instruments including all the major FX, Indices, Commodities and Cryptos. They have a good choice of shares and a very strong collection of Options and ETFs.

80.5% of retail CFD accounts lose money

Rating

3.3

Account Types

Account TypeMinimum Trade ValueMinimum DepositGuaranteed Negative Balance
Mini account
Standard account See Website £100
Islamic account See Website £100
Professional account See Website £100
Corporate account
Demo
Social + Copy Trading
Stock Broking
Ready Made Portfolios
Regular Saving Investment

Summary

Plus500 have a very limited number of account options. The don't offer any mini accounts and the standard retail account comes with few additional benefits .Minimum trade values vary according to the instrument traded so please check the website for more detail. There is also a minimum deposit of £100.

80.5% of retail CFD accounts lose money

Rating

2

Funding & Withdrawals

Credit cards Debit Cards Bank Transfer PayPal Skrill Payoneer Neteller Crypto Currencies

Withdrawals: 2-5 Days

Summary

Plus500 offer a standard range of funding and withdrawal options.

80.5% of retail CFD accounts lose money

Rating

3.1

Pricing & Execution

Fixed or Variable Spread: Fixed - subject to change see website for details

Market Maker or ECN: Market Maker

From v Average: From

Major Markets

GBP/USD EUR/USD USD/JPY EUR/GBP FTSE100 Wall St German 30 US 500
0.7 0.6 1.1 2.4 2.8 3 2 0.8
Apple Tesla Barclays BP Bitcoin Ether Brent Crude Oil Gold
0.06 0.95 0.4 1.25 36 1.19 2 2.5

Summary

Plus500 have a mix of competitive spreads on some FX pairs, shares and crypto but quite expensive spreads on the major indices compared to other brokers in the market. Please note the spreads above where taken from the website at 2pm on 23/08/2020. The spreads are adjusted continuously to the market conditions and are subject to change.

80.5% of retail CFD accounts lose money

Rating

2.4

Commissions & Fees

Overnight Financing Inactivity Fee Deposit Fee Withdrawal Charges CFD Commissions Guaranteed Stop Loss Phone Dealing Management Fees Share Dealing Costs Reinvestment Income Charge FX Charges Papter Statements
Yes Yes No No Spread only Yes No N/A Spread only N/A N/A N/A

Summary

Plus500 charges for overnight financing and a currency conversion fee. Watch out for the $10 monthly inactivity fee for accounts that been inactive for the three months. The cost of GSL orders can be found in the details link on each market.

80.5% of retail CFD accounts lose money

Rating

3.2

Platforms

Desktop Mobile Trading MetaTrader 4 MetaTrader 5 Proprietary Platform

Summary

Plus500 have their own proprietary platform which is very user-friendly. However they do not offer the MT4 platform.

80.5% of retail CFD accounts lose money

Rating

3.6

Charts

Charting Indicators Charting Drawing Tools Trade From Chart Watchlists
100 21 10

Summary

Plus500 offer a comprehensive list of trading indicators and a fair number of drawing tools but you cannot trade directly from the charts.

80.5% of retail CFD accounts lose money

Rating

3.3

Risk Management Tools

Guaranteed stop-loss orders Market orders Partially close trades Limit and stop entry orders Take-profit orders Stop-loss orders Trailing stop-loss orders Boundary orders Automatic account close-out Complete close-out Last trade in first out Largest position margin first Largest position loss first Price Alerts One-click Execution OCO Orders

Summary

Plus500 only offer a basic set of risk management tools.

80.5% of retail CFD accounts lose money

Rating

2.5

Customer Service

Phone Live Chat Email Forums FAQs Multilingual
32

Summary

Plus500 have 24/7 live chat but no phone support and a limited FAQs section.

80.5% of retail CFD accounts lose money

Rating

3.3

Education Resources

Demo account General educational articles General educational videos Dedicated Education Centre Seminar & Webinars Platform tutorial videos Trading Community

Summary

Plus500 does not have a Learning Centre. They do not offer training sessions and seminars, e-books, training videos or webinars. They have a simple Trader's Guide with 5 'how-to' videos on how to use the platform.

80.5% of retail CFD accounts lose money

Rating

0.4

Research & News

Daily Market Commentary News Service Signals Research Technical Analysis Sentiment Analysis Economic Calendar Blogs

Summary

Plus500 does not offer any research or news features except for sentiment analysis.

80.5% of retail CFD accounts lose money

Rating

1.1

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