76% of retail investor accounts lose money when trading CFDs with this provider.
- Experts highlight Plus500 as a strong platform for options trading, noting its user-friendly interface and access to major markets, although they caution about the limited range of available instruments and basic order types. The platform's pricing is rated well, with a total score of 4.1/5, reflecting competitive spreads and a straightforward trading experience.
- Across 146 user reviews on Good Money Guide, averaging 3.7/5, customers frequently commend the platform's user-friendly design and wide variety of trading options, including forex and commodities. However, some users express dissatisfaction with customer service and issues related to trade closures, indicating a mix of positive experiences alongside significant concerns about reliability and support.
Plus500 Options Trading UK Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Plus500 Options Trading UK across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- App & Platform4.5
- Customer Service4.0
- Research & Analysis4.0
Pros
- Major markets options
- Simple interface
Cons
- Limited market range
- Basic order types
See full expert review
Our verdict
Plus500 lets you trade options in the UK as a CFD on US stocks, EURUSD international indices, volatility and commodities.
76% 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 good for options trading?
When I was trying out options trading on Plus500, I was going to try and make up for the horrible luck I had when shorting Reddit CFD trading on Plus500. Basically, I went short on Reddit as I assume that our grand master Google will at some point turn on them and stop ranking them for every query possible with hopeless, outdated answers. But alas, literally, 30 minutes after I'd opened the position, Trump announced his 90-day tariff delay, and the market shot up, and my stop was hit.
I still think I'm right about Reddit and will put the position on again, but in the meantime, I thought I'd take the other side of the position and go long Google. Now, you can do this as a CFD, but one of the great things about options trading is that when you only have a little bit left in your account, you can put on a fixed risk/high reward position by buying out-of-the-money call options.
I think Google (Alphabet) is going to go higher, and as the market, they are a survivo,r and no matter what people think about their AI overviews, I like them.
I'm not the only one who likes Google, either. Looking at Plus500's Insights tool, 99% are buyers, and is also has the 4th highest buy ratio of all instruments in the last 7 days. I take sentiment with a pinch of salt, but nevertheless, it's quite nice to be part of the majority sometimes.
So I bought some May 165 Calls for $3.95 each and will leave them sitting there for the next few weeks to see if they bounce of the support levels.
Pricing: Options spreads are dynamic, and commission is built in. For the Alphabet calls, I bought the spread, which was only 0.25, which is good enough for taking a speculative medium-term position.
Market Access: You can trade options on all the major indices, including the VIX (for volatilty), natural gas is very popular and the major US stocks. Only one FX pair (EURUSD) though. But lots of indices and commodities.
Apps & Platform: Very easy to use for beginners. However, if you are a beginner options trader it is worth starting with a demo account and utilising a brokers trading academy, webinars, and insights for learning and to understand the risks involved.
Customer Service: I got through to an agent in about two minutes when asking about overnight charges on options positions on the live chat, no phone number though in case of emergencies.
Research & Analysis: There is not much options trading educational material, but the insights tab is good for seeing what other Plus500 traders are doing. Social channels are very quiet as well.
Customer reviews for Plus500
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.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
3/5
Pros:
Easy to trade
Cons:
Nothing
3/5
4/5
Pros:
Crypto
Cons:
Tesla
1/5
Pros:
Very good apps and website
Cons:
Excellent
3/5
Pros:
Like the execution and able to move Taget and stops
Cons:
things stick to the mouse
3/5
5/5
Cons:
I haver works in plus500
3/5
Pros:
The charts are good, bonus is generous
Cons:
Adjustable leverage.
Thank you for the feedback. Leverage levels are set in line with regulatory requirements and can’t be adjusted freely. In some subsidiaries, traders who meet strict eligibility criteria may qualify for a Professional account, which allows access to higher leverage.
5/5
1/5
Pros:
I donÔÇÖt like plus 500
Cons:
Give more leverage
5/5
Pros:
Mise en avant de la devise
Cons:
Webinaires sur lÔÇÖinvestissement en devises
2/5
2/5
Pros:
None
1/5
Pros:
that I never deposited
Cons:
everything, start from commissions. daylight robbery.
We’re sorry to hear your frustration. We don’t charge commissions on trades — costs are reflected in the spread, and in some cases overnight funding or currency conversion fees may apply. An inactivity fee of up to USD 10 is only charged if an account hasn’t been used for more than three months and still holds funds. All fees are disclosed in advance.
4/5
Pros:
Simplicity
5/5
1/5
Pros:
Nothing
4/5
Pros:
Options CFDs
Cons:
Better system reliability
5/5
Pros:
Yes
Cons:
Y
2/5
Pros:
nothing really
Cons:
work on user friendly navigation
Thank you for sharing your feedback. We place a strong focus on providing a clear and user-friendly platform and are always working to refine the experience further. We appreciate hearing different perspectives.
76% 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.