Plus500 Review: Expert Opinion & Customer Reviews

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Plus500's trading platform has evolved nicely over the years from a very simple interface to an intuitive execution venue for CFDs on the major markets and stocks.
Richard Berry
Richard Berry
Good Money Guide Founder

Plus500 Customer Reviews

3.5
3.5 out of 5 stars (based on 116 reviews)
Excellent34%
Very good19%
Average23%
Poor10%
Terrible14%

A Seamless and Satisfying Trading Experience

8th October 2024

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.

Xaba
Verified

A Seamless and Satisfying Trading Experience

8th October 2024

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.

Xaba
Verified

Plus500 demo account

7th October 2024

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! 🙂

Sulaiman

Great platform!

7th October 2024

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 😂

Rosa
Verified

Exceeded my expectations

3rd October 2024

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 — Plus500 has exceeded my expectations in both areas.

Petko Gnoma
Verified

A simple trading platform

3rd October 2024

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!

Ivan
Verified

Excellent Trading Platform with User-Friendly Interface and Great Features

3rd October 2024

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 is—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!

Everett Langston
Verified

Plus500 Trading

25th September 2024

Great trading Platform! It is very convenient and easy to use.

There are many instruments to trade and the trading academy is fantastic!

Chen
Verified

Plus500 platform

25th September 2024

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!

Tamer

Plus500- one of the best I’ve tried!

23rd September 2024

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.

Ben
Verified

Best app for beginners

18th September 2024

The Plus500 demo account is very user-friendly and provides a realistic trading experience. I used it for a while to get comfortable with the platform before transitioning to a real account.

The trading academy is also excellent, offering great resources for learning and improving your skills!!

Boaz Hnaknik

Excellent trading App

17th September 2024

I used Plus500 to start trading CFDs for the first time and it was a great experience.

James King

goofd

26th June 2024

goofd

Karl Napier-Barr

OK

26th June 2024

OK

Nicholas Laurens

Quick and easy

20th June 2024

Quick and easy

Peter koncek

I Steven Talewa of Tari…

18th June 2024

I Steven Talewa of Tari Hela Province of Papua new has full support on this investment platform provider of the year

Steven Talewa

Good for short term trading

12th June 2024

Good for short term trading

Robert Low

Very excited to be part…

12th June 2024

Very excited to be part of these group and still recovering from harmful people in my Country Papua New Guinea

Steven Talewa

very similar

12th June 2024

very similar

Philip Reed

Normal

11th June 2024

Normal

Ussumane Sauane

I Steven Talewa have been…

9th June 2024

I Steven Talewa have been waited for so long time for my blessings and benefits and now still waiting for them.

Steven Talewa

very good

9th June 2024

very good

siaka sillah

1/5

8th June 2024
Fred Baton

Thanks so much & I…

5th June 2024

Thanks so much & I Steven Talewa of Tari Hela Province of Papua New Guinea is very excited to be part of that great team and ready to receive my blessings and benefits now and ready to do my trading with them this year onwards

Steven Talewa

5/5

4th June 2024
Steven Talewa

Average

3rd June 2024

Average

Ranjit Singh raiyat

Good range of products markets

31st May 2024

Good range of products markets

Joe Ellis

good customer service

30th May 2024

good customer service

Barry Fennings

reasonable starting point

29th May 2024

reasonable starting point

Stephen Starr

4/5

25th May 2024
Suryabrata Banerjee

I like this platform it…

25th May 2024

I like this platform it helps me.

David Zdravkov

long experience trading CFD’s -…

25th May 2024

long experience trading CFD’s – use this site for hedging

John Pilkington

x

24th May 2024

x

Robert Deriawish

Haven’t really used this platform

23rd May 2024

Haven’t really used this platform

Simon Davis

Limited options so I haven’t…

22nd May 2024

Limited options so I haven’t used it much

Mick Walsh

market leader

22nd May 2024

market leader

alexander aiton

OK

22nd May 2024

OK

Darren Hugill

Great at what it does

22nd May 2024

Great at what it does

Steven Collins

Great product

17th May 2024

Great product

Ashil Harish Patel

4/5

28th February 2023
GMG Awards Voter: [118255646033]

3/5

26th February 2023

Pros:

easy

GMG Awards Voter: [118253582283]

3/5

26th February 2023

Pros:

You can trade options

Cons:

allow hedging and scalping

GMG Awards Voter: [118253581996]

4/5

26th February 2023
GMG Awards Voter: [118253523995]

5/5

26th February 2023

Pros:

Ravi d’├¬tre parmi vous

GMG Awards Voter: [118253458307]

2/5

26th February 2023

Pros:

The UI

Cons:

less fee

GMG Awards Voter: [118253437839]

2/5

26th February 2023
GMG Awards Voter: [118253352341]

5/5

24th February 2023

Pros:

Analysis and automation

Cons:

it’s pretty good already

GMG Awards Voter: [118252351744]

5/5

24th February 2023

Pros:

App

Cons:

N/a

GMG Awards Voter: [118251984022]

3/5

24th February 2023

Cons:

Improve platform

GMG Awards Voter: [118251978851]

3/5

24th February 2023

Pros:

Website

Cons:

Nothing

GMG Awards Voter: [118251969279]

4/5

24th February 2023

Pros:

cost

GMG Awards Voter: [118251916894]

3/5

24th February 2023

Pros:

Easy to trade

Cons:

Nothing

GMG Awards Voter: [118251865302]

3/5

23rd February 2023
GMG Awards Voter: [118251042071]

4/5

22nd February 2023

Pros:

Crypto

Cons:

Tesla

GMG Awards Voter: [118250477821]

1/5

22nd February 2023

Pros:

Very good apps and website

Cons:

Excellent

GMG Awards Voter: [118250102970]

3/5

22nd February 2023

Pros:

Like the execution and able to move Taget and stops

Cons:

things stick to the mouse

GMG Awards Voter: [118250052503]

3/5

22nd February 2023
GMG Awards Voter: [118249877001]

5/5

22nd February 2023

Cons:

I haver works in plus500

GMG Awards Voter: [118249864117]

3/5

22nd February 2023

Pros:

The charts are good, bonus is generous

Cons:

Adjustable leverage.

GMG Awards Voter: [118249839544]

5/5

22nd February 2023
GMG Awards Voter: [118249767711]

1/5

21st February 2023

Pros:

I donÔÇÖt like plus 500

Cons:

Give more leverage

GMG Awards Voter: [118249649547]

5/5

21st February 2023

Pros:

Mise en avant de la devise

Cons:

Webinaires sur lÔÇÖinvestissement en devises

GMG Awards Voter: [118249633879]

2/5

21st February 2023
GMG Awards Voter: [118249611339]

2/5

21st February 2023

Pros:

None

GMG Awards Voter: [118249464677]

1/5

21st February 2023

Pros:

that I never deposited

Cons:

everything, start from commissions. daylight robbery.

GMG Awards Voter: [118249415205]

4/5

21st February 2023

Pros:

Simplicity

GMG Awards Voter: [118249374362]

5/5

21st February 2023
GMG Awards Voter: [118249372045]

1/5

21st February 2023

Pros:

Nothing

GMG Awards Voter: [118249366196]

4/5

21st February 2023

Pros:

Options CFDs

Cons:

Better system reliability

GMG Awards Voter: [118249356777]

5/5

21st February 2023

Pros:

Yes

Cons:

Y

GMG Awards Voter: [118249353779]

2/5

21st February 2023

Pros:

nothing really

Cons:

work on user friendly navigation

GMG Awards Voter: [118249352797]

4/5

21st February 2023

Pros:

This platform have an options.

Cons:

I don’t have idea, i like everything.

GMG Awards Voter: [118249317424]

2/5

19th February 2023

Pros:

None

Cons:

n/a

GMG Awards Voter: [118247905182]

5/5

18th February 2023
GMG Awards Voter: [118247313173]

5/5

17th February 2023
GMG Awards Voter: [118247040603]

3/5

17th February 2023
GMG Awards Voter: [118246794944]

3/5

17th February 2023
GMG Awards Voter: [118246703312]

3/5

16th February 2023
GMG Awards Voter: [118246137838]

2/5

16th February 2023

Pros:

The news coverage

Cons:

Modern UI

GMG Awards Voter: [118245634984]

4/5

15th February 2023

Pros:

Na

Cons:

Na

GMG Awards Voter: [118245184513]

1/5

15th February 2023

Pros:

crypto

Cons:

Reduce spreads

GMG Awards Voter: [118244741293]

5/5

15th February 2023
GMG Awards Voter: [118244675953]

1/5

15th February 2023

Pros:

bad

GMG Awards Voter: [118244586652]

4/5

15th February 2023

Pros:

Range of tradeables

Cons:

No thoughts

GMG Awards Voter: [118244569538]

4/5

15th February 2023

Pros:

Informative

Cons:

Nothing

GMG Awards Voter: [118244543660]

5/5

14th February 2023

Pros:

Easy to use

GMG Awards Voter: [118243927297]

5/5

14th February 2023

Pros:

Preferred shares

Cons:

Answer emails quicker

GMG Awards Voter: [118243873296]

4/5

14th February 2023
GMG Awards Voter: [118243735573]

2/5

14th February 2023
GMG Awards Voter: [118243700985]

5/5

14th February 2023
GMG Awards Voter: [118243689653]

1/5

13th February 2023

Cons:

Improve transparency

GMG Awards Voter: [118242696543]

2/5

10th February 2023

Pros:

charts

Cons:

most things

GMG Awards Voter: [118241242380]

3/5

10th February 2023

Pros:

Trustworthy

GMG Awards Voter: [118241211884]

2/5

8th February 2023
GMG Awards Voter: [118239164369]

1/5

5th February 2023

Pros:

nothing

Cons:

n/a

GMG Awards Voter: [118236994640]

3/5

5th February 2023
GMG Awards Voter: [118236868111]

3/5

2nd February 2023
GMG Awards Voter: [118234757495]

4/5

30th January 2023

Cons:

Corses for beginners

GMG Awards Voter: [118231935309]

4/5

30th January 2023
GMG Awards Voter: [118231553967]

3/5

28th January 2023

Pros:

Unlimited trading instruments

Cons:

Telephone communication

GMG Awards Voter: [118230714625]

3/5

28th January 2023
GMG Awards Voter: [118230693323]

3/5

28th January 2023
GMG Awards Voter: [118230601492]

5/5

27th January 2023
GMG Awards Voter: [118230263631]

3/5

27th January 2023

Pros:

Spreads

GMG Awards Voter: [118230029036]

3/5

27th January 2023

Pros:

Not friendly plattform

Cons:

Be more friendly (interface)

GMG Awards Voter: [118230026407]

1/5

27th January 2023

Pros:

1000

GMG Awards Voter: [118230019536]

3/5

19th January 2023

Pros:

Ability to go short

Cons:

Don’t onow

GMG Awards Voter: [118223267539]

dean R @ 02/03/2021 05:38

3rd February 2021

6 months in, and after my experience with a competitor, i can report Plus500 has been very good. I don’t understand some of the bad reviews. I find it really clear and easy to open a Buy or Sell position exactly when i want to. the live prices and required Margins are well indicated and the graphs are g8. Withdrawing profit has been fuss free and fast. The mobile app is fab and better that their website app because the latter has troublesome nasty ultra-thin scroll bars despite my feedback to their developers.

dean R

Jay @ 05/29/2020 09:22

16th December 2020

In my opinion all the bad reviews are correct and the good reviews are very suspicious. Go read all the Trustpilot reviews in all the threads. When people say theyÔÇÖve had their close button frozen and theyÔÇÖve been logged out and theyÔÇÖve lost their money, itÔÇÖs truth. CFD trading is where your loss is Plus500ÔÇÖs profit. They make huge profit. If you donÔÇÖt want to be a bad reviewer then stay clear of Plus500.

Jay

Karl @ 06/18/2019 11:03

16th December 2020

Be carefull, to many fake reviews. They close your positions if the market is in your favor.

Karl

Paul M @ 05/29/2020 09:39

15th June 2020

You claim you source prices from third parties, so name them, who are these third parties? Your execution order says that Plus500 obtain there prices from Plus500 Ltd. So do you set your own prices? You do know under law you are obliged to be clear so answer this do you set your own prices.? Do you profit from client losses? Your misleading hedging policy indicates you do. You say on your user agreement you may hedge client trades with third parties yet your support staff say that you use an internal hedging system that is managed by the buy and sell spreads. You operate with a conflict and interest and with that comes the ability to manipulate but the motivation is there too as clearly you are profiting from client losses.

Paul M

shekhan ali @ 02/28/2020 11:20

28th February 2020

classic retail broker. possible to make a profit. personally would stay away

shekhan ali

Connor @ 02/28/2020 11:14

28th February 2020

Had a decent experience with Plus500, using them for a few months recently. Good mobile and web apps. Good support.

Connor

John Rose @ 12/02/2019 09:43

17th December 2019

The Plus500 company has an excellent reputation on the internet but the way a care agent works is very detestable. It is known as “traderprofesional” and what it does is that after making an initial deposit, it keeps half of the user’s money for no specific reason. I recommend that you be alert with this scammer.

John Rose

Anne @ 11/09/2019 02:56

11th November 2019

Anybody considering trading with this company read real customer reviews as opposed to reviews done by marketing affiliates. When a customer makes a profit , withdrawal can become a problem. At times on there platform an instrument becomes unavailable to trade this is supposedly due to low volume. These is done to their advantage and many customers have suffered losses because of this glitch. There spreads are also manipulated and usually increase in their favor during the course of a trade. Plus500 no more than a Casino and I would advise anybody considering them to think again before opening an account.

Anne

A very fair trader

8th January 2018

Great customer service and a very honest and fair trader

Trading Platform 4/5: nice and clear

Customer Service 5/5

Mobile Apps 4/5: doesn’t give many options

Spreads & Pricing 5/5

Market Range 2/5:  limited options in available forex

Trade Execution Speed 5/5

Added Value 5/5

(Trading forex weekly with PLUS 500 for under 1 year on a weekly basis)

Khalid Niazi

Khangwelo @ 03/01/2018 15:43

3rd January 2018

Its been a great journey with this broker , they have been good to me with all their service , so i’m satisfied with their services and i learnt many thing with this broker

Trading Platform 5/5

Customer Service 5/5

Mobile Apps 4/5 – They don’t offer all indicators

Spreads & Pricing 5/5

Market Range 5/5

Trade Execution Speed 5/5

Added Value 5/5

(Trading forex and commodities with Plus 500 for between 1-2 years on a daily basis)

 

 

Khangwelo

Leave a review

  • Tell us what you think of this company and help others make more informed financial decisions.

80% 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.

Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909).

Plus500 Expert Review

If you’re looking to trade Contracts for Difference (CFDs), you may want to check out Plus500’s trading platform. It allows you to trade CFDs on stocks, currencies (forex), indices, and a range of other assets. In this review, we look at the key features of Plus500 and highlight its pros and cons. We also answer some questions you might have about this trading platform.

Plus we give our ratings based on their nearest peers and tell you what we think of them after testing them thoroughly. 

Plus500 Review
Good Money Guide Recommended 2024

Name: Plus500

Description: Plus500 is an online trading company that operates in more than 50 countries worldwide. Founded in 2008, it has more than 26 million customers today. Plus500 is headquartered in Israel, however, it’s listed in the UK on the London Stock Exchange (it’s a member of the FTSE 250 index). Here in Britain, its platform is operated by Plus500UK Ltd, which has offices in London. In the UK, you can only trade CFDs with Plus500. CFDs are financial instruments that allow you to profit from the price movements of a security without owning the underlying security itself.

80% 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.

Is Plus500 a good broker?

Overall, Plus500 is a good online trading platform for traders who do not want to do anything more complicated than buy and sell CFDs. The broker does provide sentiment indicators and are quite transparent with costs and fees. In summary:

  • Plus500 is a trading platform that offers CFDs.
  • You can trade a range of assets on Plus500 including stocks, indices, and currencies.
  • There are no commissions when placing a CFD trade on the Plus500 platform but there are some other fees to be aware of.
  • The platform offers a range of features including a demo account, alerts, market news, and an economic calendar.
  • There are platforms that offer more markets than Plus500.

Pros

  • With Plus500, you can trade CFDs on a range of assets including shares, currencies, indices, and ETFs.
  • There are no commissions when placing a CFD trade on Plus500’s platform.
  • Plus500 offers a range of features to help traders navigate the markets and capitalise on opportunities including charting tools, alerts, an economic calendar, and market news.

Cons

  • Other platforms offer more markets than Plus500.
  • You can only trade CFDs on the platform (you can’t invest in stocks directly).
  • You can’t contact the company by telephone if you require support.
  • Pricing
    (4.5)
  • Market Access
    (4.5)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4.2

Plus500 Review Ratings Explained

  • Pricing: It’s dynamic so hard to nail down for minimum spreads
  • Market Access: Very good, Plus500 are always first to try new asset classes
  • Platform & Apps: Basic execution, but it does the job well
  • Customer Service: Plus500 doesn’t have a phone option, but its live chat is sufficient
  • Research & Analysis: Some sentiment, but limited education and analysis.

80% 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.

Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909)

Plus500 Facts & Figures

➡️ Plus500 Total Markets2,000
➡️ Forex Pairs64
➡️ Commodities22
➡️Indices39
➡️ UK Stocks107
➡️US Stocks993
➡️ETFs97
Plus500 Key Info
👉 Number Active Clients280,769
💰 Minimum Deposit100 EUR/USD/GDP
❔ Inactivity Fee$10 per month
📅 Founded2008
📅 Public Company✔️ (LSE)
Plus500 Account Types
➡️ CFD Trading✔️
➡️ Forex Trading✔️ (CFDs)
➡️ Spread Betting
➡️ DMA (Direct Market Access)
➡️ Futures Trading❌(but yes for US traders)
➡️ Options Trading✔️(CFD options)
➡️ Investing Account
Median Fees
➡️ FTSE 1002
➡️ DAX 302
➡️ DJIA4
➡️ NASDAQ1.9
➡️ S&P 5000.7
➡️ EURUSD0.8
➡️ GBPUSD1.3
➡️ USDJPY1
➡️ Gold0.3
➡️ Crude Oil0.4
➡️ UK Stocks0.04%
➡️ US Stocks0.7%

What Assets Can You Trade With Plus500?

With Plus500, you can trade CFDs on a range of assets and instruments including:

  • Shares (e.g. Lloyds Bank, Tesla, Apple)
  • Currencies/forex (e.g. GBP/USD)
  • Commodities (e.g. gold, oil)
  • Options (exchange-traded options)
  • Exchange-traded funds (ETFs)
  • Indices (e.g. FTSE 100, S&P 500, ESG indices)

Overall, there are over 2,800 assets you can trade with CFDs.

While Plus500 offers plenty of assets for trading, there are platforms that offer more markets. These include IG and CMC Markets.

What Leverage Can You Use With Plus500?

The maximum amount of leverage you can use with Plus500 varies depending on the asset class as shown in the table below. If you are trading forex, you can potentially borrow up to 30 times your own money. For shares you can only borrow up to five times your own capital.

Instrument

Max leverage

Shares

1:5

Forex

1:30

Commodities

1:20

Indices

1:20

Options

1:5

ETFs

1:5

What are Plus500’s fees?

Plus500 does not charge any trading commissions when you place a CFD trade. However, there are some fees you need to be aware of including:

  • Overnight funding fees – This is either added to or subtracted from your account when holding a position after a certain time
  • Currency conversion fee – There is a fee (0.7%) for all trades on instruments denominated in a currency different to the currency of your account
  • Guaranteed stop-loss order fees – If you request a guaranteed stop loss on a trade, there will be a small fee
  • Inactivity fees – If you do not log in to your trading account for three months, a fee of up to USD $10 per month will be applied to your account.

Withdrawals are free of charge no matter how many  you make per month.

Deposits are also free of charge.

What Features Does Plus500 Offer?

Plus500 offers range of features designed to help traders make money including: 

  • Charting tools – Plus500’s platform offers charts with a wide range of indicators and drawing tools to help traders identify and capitalise on patterns and trends (there 13 charting tools and over 100 indicators)
  • Market news – On its website, there is a section dedicated to news and market insights
  • Alerts – With Plus500, you can set up real-time email, SMS, and push notifications for trade alerts (e.g. price alerts or % change alerts)
  • An economic calendar – The economic calendar is designed to help traders prepare for important economic data (e.g. inflation data, retail sales data, job reports, PMI data)
  • +Insights – This is a feature that allows Plus500 users learn more about market trends based on the company’s internal data (e.g. most bought stocks, most sold stocks)
  • Watchlists – Users can manage multiple watchlists.
  • Trading Academy – Plus500’s Trading Academy offers a range of educational products including eBooks, videos, and FAQs
  • Webinars – Plus500 offers regular webinars to its professional clients
  • A free unlimited demo account – With the demo account, novice traders can learn to trade CFDs without risking real money.

What Risk Management Tools Are Available On Plus500?

 Plus500 offers several tools to help traders manage risk including:

  • Stop-loss orders – Traders can use these orders to automatically close out a losing position at a specific level
  • Guaranteed stop-loss orders – A guaranteed stop-loss puts an absolute limit on your potential loss from a losing trade
  • Trailing stop-loss orders – This type of stop loss moves upwards as the price of the security being traded rises
  • Take profit orders – Traders can use these orders to automatically close out a winning position at a specific level.

What Is Plus500’s Customer Service Like?

Plus500’s customer service options are limited to online chat, email and WhatsApp. So, you can’t contact the company by telephone. However, don’t let that put you off. We contacted the company via online chat and were very impressed with the service and support offered. 

It’s worth noting that support is available 24/7. This is a big plus – some other CFD providers only provide support during the week.

How Do You Open An Account With Plus500?

Opening a Plus500 account is really simple:

  1. Submit some documents to the company (identification, residence verification, etc.)
  2. Read through several documents and complete a questionnaire
  3. To be able to trade, you will need to fund your account (in the UK, the minimum initial deposit is £100).

What Is Plus500’s Professional Account?

 The Plus500 professional account is an account designed for professional traders. With this account, you have access to higher levels of leverage (e.g. 1:20 for shares).

To be eligible for a professional account, you must meet two of the following three criteria:

  • You’ve performed an average of at least 10 transactions per quarter, of significant size, over the previous four quarters on the relevant market (with Plus500 and/or other providers)
  • You have a portfolio worth more than €500,000 (including cash savings and financial instruments)
  • You have worked in the financial sector for at least a year in a professional position that requires knowledge of the related transactions or services.

What Is Plus 500’s Premium Service Package?

 With the premium service package you will get:

  • A dedicated premium service client manager.
  • Periodic emails containing expert analysis of upcoming trading events.
  • External trading webinars.
  • A premium service customer support team.

The premium service is invitation only. To become a premium customer, you must have a real money trading account.

Best Plus500 Alternatives

If you’re looking for alternatives to Plus500, you may want to consider our team’s favourites:

  • IG – Trade CFDs on over 17,000 instruments
  • CMC Markets – Trade CFDs on over 12,000 instruments
  • eToro – An excellent user-friendly platform that is popular with beginners.

80% 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.

Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909).

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Plus500 FAQs

Plus500 is regulated by the UK’s Financial Conduct Authority (FCA) meaning customers’ money must be kept in segregated accounts. So, the platform should be seen as safe. However, CFD trading is risky. With this form of trading, it’s easy to lose money, especially if you use leverage.

Plus500 could be a good platform for beginners as it offers a demo account, and you can start trading in a real account with just £100. However, beginner investors should be aware of the risks of CFD trading. Plus500 states on its website that 80% of retail traders on its platform lose money trading CFDs.

The minimum deposit at Plus500 is £100.

Yes, Plus500 has an app for both iOS and Android. Through the app, you can monitor your positions and place trades. The app only gets a review score of 3.8 on Apple’s App Store, however. Some users have complained that the app crashes at times.

No. In the UK, it’s not possible to trade crypto CFDs due to regulation from the Financial Conduct Authority (FCA).

Plus500 is mainly compensated for its services through the spreads between buy and sell prices on securities.

CFDs are financial instruments that allow you to profit from the price movements of a security without owning the underlying security itself. With CFDs, you can trade securities in both directions. You can also use leverage to increase your position size.

Leverage can be used to trade a larger amount of money than you have deposited for a trade. Using leverage can potentially increase your trading profits. However, it can also magnify your trading losses.

80% 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.
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