Plus500 Canada Forex CFD Trading Customer Reviews & Expert Rating

The overall score out of 10 combines our expert rating out of 5 with the average customer rating out of 5.
7.9/10Basic

Based on 146 customer reviews and our expert analysis

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Experts rate Plus500 as a beginner-friendly CFD broker, highlighting its straightforward trading platform, competitive spreads, and access to over 60 forex pairs. They recommend using a demo account and the Trading Academy for new traders to build their skills before trading with real money. However, the platform lacks advanced features like MetaTrader support and in-depth research tools, which may not satisfy more experienced traders.
  • Across 146 user reviews on Good Money Guide, averaging 3.7/5, customers frequently commend the user-friendly interface and the wide range of trading options available. Many users appreciate the demo account feature, which helps beginners learn without risk. However, some users express concerns about the platform's reliability and customer service, citing issues with trade closures and account management.

Plus500 Canada Forex CFD Trading Expert rating

Our expert rating is the average of the areas listed here, each scored out of 5 by our team.
4.2Very good

Our experts have rated Plus500 Canada Forex CFD Trading across five key areas of our review framework.

  • Pricing4.0
  • Market Access4.0
  • App & Platform4.5
  • Customer Service4.5
  • Research & Analysis4.0

Pros

  • Very easy platform
  • Commission-free forex trading
  • Strong risk management

Cons

  • No MetaTrader support
  • Limited research tools
  • Fewer advanced features
See full expert review

Our verdict

Plus500 has become one of the world's most recognisable CFD brokers thanks to its clean, basic platform and straightforward approach to leveraged trading. For Canadian traders, Plus500CA provides access to more than 60 forex pairs alongside CFDs on shares, indices, commodities and other markets. While it lacks some of the sophisticated features offered by brokers such as Interactive Brokers or FOREX.com, its simplicity is exactly what many retail traders are looking for.

Is Plus500 good for forex trading in Canada?

Yes, we rate Plus500 as a beginner-friendly CFD broker offering a straightforward trading platform, competitive spreads and access to global forex markets, making it ideal for traders who want a basic trading experience.

Plus500 is a beginner-friendly CFD broker offering a straightforward trading platform, competitive spreads and access to global forex markets, making it ideal for traders who want a basic trading experience.

However, if you are a beginner forex trader in Canada, it is best to start with a demo account and utilize Plus500's Trading Academy, webinars, and insights for learning before using the live platform and risking real money.

Pricing

Plus500 operates a spread-only pricing model with no commissions on forex trades (however, additional fees may apply, like overnight funding). This makes costs easy to understand, particularly for newer traders. Spreads are generally competitive, although active traders looking for ultra-tight institutional pricing may find commission-based brokers offer better value for high-volume trading. Overnight financing charges apply to positions held beyond the trading day.

Market Access

Canadian clients can trade over 60 forex pairs as well as a broad range of CFDs covering global shares, indices, commodities and other asset classes. While the overall selection is smaller than some multi-asset brokers, it provides more than enough choice for most retail CFD traders.

Platforms & Apps

The proprietary Plus500 platform is one of the easiest trading platforms to learn. Available via web browser and mobile app, it includes integrated charting, price alerts, risk management tools and Guaranteed Stop Loss Orders. However, traders looking for MetaTrader, TradingView integration or algorithmic trading support may find the platform too limited.

Customer Service

Plus500 offers 24/7 customer support and provides a secure trading environment with segregated client funds. Canadian clients benefit from CIRO regulation and CIPF membership, giving additional confidence that the broker meets Canada's regulatory standards.

Research & Analysis

Research is adequate rather than exceptional. Plus500 provides market news, educational articles, trading guides and its Trading Academy to help clients improve their knowledge. However, it lacks the depth of proprietary research, advanced analytics and professional market commentary available from some of its larger competitors.

Customer reviews for Plus500

Customer ratings come from reviews left on this site. Every review is read and approved before it is published.
3.7Basic

Based on 146 reviews

  • Excellent42%
  • Very good18%
  • Basic18%
  • Poor9%
  • Bad12%
What customers like
  • User-friendly platform
  • Wide range of trading options
  • Helpful customer support
What customers dislike
  • Manipulative trading practices
  • Unfair trade closures
  • High fees on withdrawals
Read customer reviews

User-friendly platform

Emily Charleston Β·

I’ve had a great experience with Plus500! The platform is user-friendly and offers a wide range of trading options, which keeps things exciting. I love the advanced charting tools and analytics, helping me refine my strategies. Transactions are quick and hassle-free, and the educational resources are a great bonus for learning more about trading. The customer service team is also fantasticβ€”always ready to assist. I highly recommend Plus500 to anyone looking to enhance their trading journey!

Exceptional Experience – Highly Recommend!

Joseph Dunn Β·

I've been trading on Plus500 for a while now, and I couldn't be happier! The platform is sleek and easy to use, making it simple to execute trades quickly. I appreciate the variety of educational resources available, which have helped me improve my skills. The low fees and competitive spreads are a huge plus, too. Customer support is top-notchβ€”always friendly and quick to resolve any issues. Overall, Plus500 has exceeded my expectations, and I highly recommend it to fellow traders!

Great Platform

Dainn Blackthorne Β·

I've been using the Plus500 platform for the past few months, and I'm really impressed! The user interface is intuitive and easy to navigate, making trading a breeze for both beginners and experienced traders. The variety of assets available is fantastic, and the real-time data helps me make informed decisions. Customer support is responsive and helpful, which is a big plus. Overall, Plus500 has made my trading experience enjoyable and profitable. Highly recommend!

Plus500 experiences

Lars Andersson Β·

I’ve had an outstanding experience with Plus500 as a trading platform. Its user-friendly interface makes it easy to navigate markets and execute trades, whether you’re a beginner or an experienced trader. The app's quick response times, real-time data, and a wide range of available assets (stocks, forex, commodities, and cryptocurrencies) create a dynamic trading experience. I especially appreciate the demo account feature, which allowed me to practice strategies without risk before investing real funds. Plus, their customer support has been responsive and helpful whenever I’ve needed assistance. Overall, Plus500 has been a reliable, enjoyable trading tool! :)

My favourite broker

Aoife Gallagher Β·

Plus500 has been an excellent trading platform, combining simplicity with powerful features. The platform offers a huge range of trading options, from stocks to forex and even cryptocurrencies, which gives me a lot of flexibility in my investments. The real-time charts and alerts help me stay on top of market trends, and I find the fee structure to be transparent and reasonable. One feature I really value is the mobile appβ€”it’s smooth and lets me monitor and manage trades on the go without a hitch. Plus500 has made online trading accessible and enjoyable!

Decent Platform for CFD Traders

Justin Rivers Β·

Plus500 offers a straightforward platform for trading CFDs on a variety of assets, from stocks to commodities. The interface is clean and easy to navigate, which makes it approachable for beginners, though it might lack some of the in-depth tools that seasoned traders might want. Decent overall.

most intuitive platform

Chen Β·

I heard about Plus500 from a friend, and this is the most intuitive platform I have ever used.
easy to understand, many instruments and overall Im very satisfied

Great broker

Yasmin Β·

I am very happy with the services they offer - there are a lot of instruments available, the customer support is 24/7, they answer all types of questions. All in all, solid performance. I'll continue using it.

Excellent mobile app

Brian Kucher Β·

I recently tried out the Plus500 mobile app, and I have to say, it's absolutely superb! The app boasts great features, is incredibly user-friendly, and has an intuitive interface. I highly recommend giving it a try!

Best for Forex

Ron Β·

I've been using the Plus500 platform for the last year. It offers a wide range of Forex pairs and is very easy to use.

A great platform for both beginners and experts

Sara May Β·

I started out as a beginner, but with the help of Plus500's free demo account and academy materials, I learned more about the trading world and became pretty much an expert. I am now aware of all the risk management tools they offer, which are super helpful for me as I trade with high volume.

A Seamless and Satisfying Trading Experience

Xaba Β·

Plus500 has provided me with a highly positive trading experience. The platform is user-friendly, offers a wide range of markets, and allows trading with reliable execution. The tools for risk management are top-notch, and the customer support has been responsive whenever I’ve needed assistance. I highly recommend Plus500 as a solid and dependable platform.

Plus500 demo account

Sulaiman Β·

As a beginner in trading, I've found the Plus500 demo account incredibly helpful. It provides a user-friendly interface that allows me to explore and practice different trading strategies without risking real money. Everthing is so easy to understand and navigate. I also appreciate that the demo version mirrors the real trading experience, so I feel more confident about transitioning to live trades when I'm ready. Overall, it's an excellent tool for learning the basics and gaining experience! :)

Great platform!

Rosa Β·

I have been using the platform for around a year now and I'm pleasantly surprised by how I did not have any issues so far. The opinion of the company on the internet is 50/50 but before you try it for yourself, you can never be sure. Everybody has different needs. And so far, it's working really well with Plus500 for me.
My needs are met, my questions answered, my traders... have seen good and bad days πŸ˜‚

Exceeded my expectations

Petko Gnoma Β·

I’ve been using Plus500 for several months now, and my experience with the platform has been overwhelmingly positive. As someone relatively new to trading, I was looking for a platform that was easy to navigate but still powerful enough to offer access to a wide range of markets β€” Plus500 has exceeded my expectations in both areas.

A simple trading platform

Ivan Β·

I recently started using Plus500 for my trading needs and I must say I’m quite impressed! The platform is really easy to use, which is great for beginners. I appreciate the demo account, as it lets me practice without any risk.

There are many trading options available, such as stocks, commodities, cryptocurrencies and more. The charting tools and analytics provided are also helpful.

One of the standout features for me is the instant execution of trades, which makes the trading process smooth. Customer support is helpful whenever I have questions. Overall, Plus500 has been a good choice for me, and I recommend it to anyone interested in trading!

Excellent Trading Platform with User-Friendly Interface and Great Features

Everett Langston Β·

I've been using Plus500 for several months now, and I'm genuinely impressed with the platform. One of the key highlights is how user-friendly the interface isβ€”both on the app and desktop versions. It's incredibly intuitive, which is great whether you're a seasoned trader or just getting started in CFDs. Setting up an account was straightforward, and the verification process was quick.

The range of instruments available for trading is extensive, from stocks and indices to cryptocurrencies, forex, and commodities. This diversity allows me to diversify my portfolio easily and react to market trends as they happen. What I love most is the real-time charts and data, which are accurate and regularly updated, helping me make informed decisions.

The demo account feature has been a real plus for me. I used it to get a feel for the platform before committing real money, and I still use it to test strategies without any risk. The fact that you can switch between real and demo mode with ease is incredibly useful.

In terms of fees, Plus500 is transparent. There are no hidden charges or commissions on trades, which I find to be a huge advantage. They make it clear upfront how they make money, primarily through spreads, which are competitive in my experience.

Customer support is responsive and helpful whenever I've had queries. I’ve contacted them via live chat, and the responses are prompt and informative.

Overall, Plus500 provides a secure, efficient, and convenient platform for trading CFDs. I would highly recommend it to anyone looking for a reliable and straightforward trading experience!

Plus500 Trading

Chen Β·

Great trading Platform! It is very convenient and easy to use.
There are many instruments to trade and the trading academy is fantastic!

Plus500 platform

Tamer Β·

One of the best trading platforms I've used. Super easy to navigate, and when I wanted to withdraw my money I did it without any issues.
Very recommended!

Plus500- one of the best I've tried!

Ben Β·

I've been trading with Plus500 since I was introduced to them by a friend and I gotta say...they're one of the best out there! The platform is easy to use, the analytical tools are super helpful and it gives me peace of mind to know that I'm trading with a regulated broker. The offer stop loss and stop loss guaranteed features are great because it means that I don't have to check my app every hour.
Also, never had issues with closing positions or withdrawals.

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