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our grand master Google will at some point turn on them and stop ranking them for every query possible with hopeless, outdated answers.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
2/5
Pros:
charts
Cons:
most things
3/5
Pros:
Trustworthy
2/5
1/5
Pros:
nothing
Cons:
n/a
3/5
3/5
4/5
Cons:
Corses for beginners
4/5
3/5
Pros:
Unlimited trading instruments
Cons:
Telephone communication
Thank you for your feedback. At the moment, we don’t offer telephone support, as we believe written communication allows us to provide clearer, more accurate assistance and ensures all information is properly documented. Our support team remains available through written channels.
3/5
3/5
5/5
3/5
Pros:
Spreads
3/5
Pros:
Not friendly plattform
Cons:
Be more friendly (interface)
Thank you for sharing your experience. We’re sorry to hear the platform didn’t feel user-friendly to you. Ease of use is something we focus on strongly, and feedback like this helps us understand where improvements may be needed.
1/5
Pros:
1000
3/5
Pros:
Ability to go short
Cons:
Don't onow
dean R @ 02/03/2021 05:38
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.
Jay @ 05/29/2020 09:22
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.
We understand why online reviews can influence opinions, and we respect everyone’s right to share their experience. CFD trading involves significant risk, and losses are a possible outcome. We aim to be transparent about how our platform works and encourage anyone considering trading to carefully review the risks and decide whether it’s right for them.
Karl @ 06/18/2019 11:03
Be carefull, to many fake reviews. They close your positions if the market is in your favor.
We understand why comments like this can raise concerns. We’d like to clarify that Plus500 does not close positions based on whether the market is in a client’s favour. Trading outcomes are influenced by market movements and trading conditions, which are explained in advance.
Paul M @ 05/29/2020 09:39
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.
We understand the concerns being raised and appreciate the opportunity to clarify at a high level. Plus500 prices are derived from external market data sources and are set in accordance with our execution policy, which is publicly available. Pricing and execution are handled in line with regulatory requirements, and relevant information is outlined in our legal documentation.
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.