Plus500 US Review: A Top Platform For Futures Trading?

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In 2023, Plus500 launched its online trading platform in the US. Through the platform, those in the US can trade futures on a range of instruments including equity indexes, crypto-assets, currencies (forex), and commodities.
Richard Berry
Richard Berry
Good Money Guide Founder

Plus500 Customer Reviews

3.7
3.7 out of 5 stars (based on 142 reviews)
Excellent44%
Very good18%
Average19%
Poor8%
Terrible11%

You can use leverage

11th November 2024

It’s good cause you can trade with leverage. Easy to use, easy interface and there’s good leverage. I’ve made some good amounts of money thanks to leverage.

Willem
Verified

So far so good..

11th November 2024

I’m still exploring their service, but as a new user, I find the website very helpful.

Eleftheria
Verified

You can use leverage

11th November 2024

It’s good cause you can trade with leverage. Easy to use, easy interface and there’s good leverage. I’ve made some good amounts of money thanks to leverage.

Willem
Verified

User-friendly platform

11th November 2024

Plus500 is a well-regarded trading platform known broad range of trading options, including forex, stocks, cryptocurrencies, indices, and commodities. The platform is especially user-friendly, making it accessible. It offers a solid trading experience for those looking for an easy-to-use, comprehensive platform.

Gabriel
Verified

Intuitive platform

11th November 2024

The Plus500 platform is intuitively designed, making it ideal for advanced users, with clear charts, real-time data, and essential risk management tools like stop-loss and take-profit options.

Fredrik
Verified

Fantastic Platform

11th November 2024

Plus500 is a fantastic trading platform for those seeking a reliable, user-friendly experience. It covers a wide range of markets, including forex, stocks, cryptocurrencies, commodities, and indices

Damien
Verified

Solid

8th November 2024

That platform is fantastic – it is easy, it has everything, I make profits, it gives me my profits. Super good.

Will
Verified

a reliable platform

8th November 2024

I’ve been trading with Plus500 for some time now, and I’m happy with the experience so far. The platform is straightforward to use, and I appreciate the wide range of markets. The spreads are reasonable, and I’ve had no issues with deposits or withdrawals. Overall, I’m satisfied with the service and feel comfortable using it for my trades.

John

Plus500 is my go-to trading platform

8th November 2024

I appreciate the wide range of instruments available, from stocks and indices to cryptocurrencies and commodities. The real-time charts and risk management tools are top-notch, helping me make informed decisions. Plus, their customer service is responsive and helpful.

Joris
Verified

I love this trading app

8th November 2024

I’ve had a fantastic experience using this trading platform. The interface is intuitive, making it easy to navigate even for beginners. The tools provided are powerful yet simple, with real-time data and comprehensive charting options that help me make informed decisions quickly. It’s a reliable and efficient platform for anyone looking to trade with confidence. Highly recommended!

Lee Jimin
Verified

I like the charts

31st October 2024

The charts are very clear and easy to read, making it simple to understand, They give a straightforward view that helps with understanding and analyzing information.

Adam
Verified

Good

31st October 2024

I’m still in the learning process, but so far, I’m pleased with my experience. The verification process was smooth, and the demo has been very helpful.

Johnny
Verified

A wide variety of instruments

31st October 2024

They’ve got most global indexes, stocks, and commodities covered. The interface is easy to use, and their support team is friendly and helpful.

Angelica
Verified

Great Experience with Plus500!

30th October 2024

I had a fantastic experience with Plus500. The platform is user-friendly and easy to navigate, which made it simple for me to start trading. I was especially impressed with their customer support – they were quick to respond and super helpful in answering my questions.

The demo account was also a great feature that helped me get familiar with the tools before trading for real. Deposits and withdrawals were smooth which I really appreciated. They offer everything I need for a successful trading experience. Highly recommended!

Isaac
Verified

Smooth and Reliable Experience with Plus500

30th October 2024

I’ve had a great time using Plus500. The platform is really reliable, and I like how they have real-time data and a range of trading options. I found the fees to be clear, with no surprises, and deposits and withdrawals have been fast and easy. The risk management tools are a big plus. Overall, it’s been a straightforward and positive experience.

Jeffrey
Verified

Decent platform

30th October 2024

The platform suits my needs and I quite enjoy it. It has a lot of instruments, it’s quick, easy, everything is placed conveniently for you to see. I’ll continue using it.

Scott River
Verified

User-friendly platform

30th October 2024

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 fantastic—always ready to assist. I highly recommend Plus500 to anyone looking to enhance their trading journey!

Emily Charleston
Verified

Exceptional Experience – Highly Recommend!

30th October 2024

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-notch—always friendly and quick to resolve any issues. Overall, Plus500 has exceeded my expectations, and I highly recommend it to fellow traders!

Joseph Dunn
Verified

Great Platform

30th October 2024

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!

Dainn Blackthorne
Verified

Plus500 experiences

29th October 2024

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! 🙂

Lars Andersson

My favourite broker

29th October 2024

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 app—it’s smooth and lets me monitor and manage trades on the go without a hitch. Plus500 has made online trading accessible and enjoyable!

Aoife Gallagher

Decent Platform for CFD Traders

28th October 2024

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.

Justin Rivers

most intuitive platform

28th October 2024

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

Chen

Great broker

18th October 2024

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.

Yasmin
Verified

Excellent mobile app

14th October 2024

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!

Brian Kucher

Best for Forex

14th October 2024

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.

Ron

A great platform for both beginners and experts

14th October 2024

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.

Sara May

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

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Plus500 US Futures Trading Expert Review

In this review, we look at what Plus500 US has to offer traders and highlight the pros and cons of the platform. We also answer some questions you may have in relation to Plus500.

Plus500 US Futures Trading Review
Plus500

Name: Plus500 US

Description: Plus500 is an online trading company that operates in more than 50 countries globally. Founded in 2008, it has more than 26 million customers worldwide today. Plus500 is headquartered in Israel, however, it’s listed in the UK on the London Stock Exchange. In the US, its platform is operated by Plus500US Ltd, which is licensed to offer the trading of futures via Plus500US Financial Services LLC, a Futures Commission Merchant that is registered with the US Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

Is Plus500 a good futures broker?

Yes, Plus500 is an online trading company that operates in over 50 countries worldwide and in the US, its platform allows you to trade futures on a range of assets. Plus500 also offers a range of features designed to help traders capitalize on opportunities in the markets including charting tools and real-time news feeds. There is a demo account for those looking to learn how to trade futures before committing real money, but one downside is that there are some platforms that offer more futures markets than Plus500.

Pros

  • You can trade a range of instruments and assets including equity indexes, crypto, and commodities.
  • You can start trading with a small amount of capital.
  • There is a demo account for beginners.

Cons

  • With Plus500 US, you can only trade futures. You can’t buy stocks or funds directly.
  • There is no telephone customer service available.
  • Plus500 doesn’t offer as many futures as some other platforms do.
  • Pricing
    (4)
  • Market Access
    (4)
  • App & Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

What markets can you trade with Plus500?

With Plus500, you can trade futures on:

  • Equity indexes (e.g. E-mini S&P 500, E-mini Dow Jones)
  • Crypto (e.g. Micro Bitcoin, Micro Ether)
  • Forex (e.g. British Pound, Australian Dollar)
  • Metals (e.g. Gold, Copper)
  • Energy (e.g. Crude Oil, Natural Gas)
  • Interest rates (e.g. 10-Y T-note, 30 Day FedFund)
  • Agriculture (e.g. Wheat, Soybean)

What features does the Plus500 platform offer?

Key features available include:

  • Charting tools – The platform offers charts with a wide range of indicators and drawing tools to help traders identify and capitalize on patterns and trends (there are 13 charting tools and over 100 indicators).
  • Real-time alerts – With Plus500 you can set up real-time email, SMS, and push notifications for trade alerts (e.g. price alerts or % change alerts).
  • Watchlists – Customers can set up multiple watchlists to keep track of security prices.
  • A demo account – With Plus500’s demo account, novice traders can learn to trade futures without risking real money.
  • Futures Trading Academy – Plus500’s Futures Trading Academy offers a range of educational videos and articles designed to help traders learn about futures trading.

What are Plus500’s fees and charges?

Plus500 Futures charges a fee of $0.89 per standard contract and $0.49 per micro contract (per side). There’s also an auto-liquidation fee of $10 per contract.

On top of these fees, there’s a NFA Regulatory Fee of $0.02 per side and per contract as well as exchange execution and clearing fees for non-members.

What is Plus500’s customer service like?

Plus500’s customer service options are limited to online chat and email support. So, you can’t contact the company by phone. This is not a major issue though. We contacted the company via online chat and were very impressed with the service and support offered. It’s worth noting here that online chat and email support is available 24/7.

Does Plus500 US offer a bonus for new accounts?

Plus500 US offers a deposit bonus of up to $200, which allows you to trade without paying commissions until the bonus balance is used up. The bonus only applies to your first deposit.

How do you open an account?

You can open an account with Plus500 US online. You will need to provide some basic information (date of birth, social security number, annual income, etc.) as well as some documentation relating to your identification and your address.

When it comes to funding your account, you can do this via bank transfer, debit card (Visa and Mastercard), and Apple Pay.

The minimum deposit for debit cards is $100 while the minimum deposit for wire transfer is $200.

Alternatives to Plus500

If you are looking for alternatives to Plus500 for futures trading, you may want to consider:

  • Interactive Brokers – This is a good platform for professional traders.
  • TradeStation – TradeStation offers over 600 futures products to trade.
  • NinjaTrader – NinjaTrader focuses specifically on futures trading.

Plus500 US Futures Trading FAQs

Futures are financial contracts whereby two parties agree to exchange a financial asset (e.g. an index, commodity, or currency) at a fixed price and time in the future. When entering into a futures contract, one only needs to pay a fraction of the full price upfront (this is known as margin).

E-mini contracts are one-fifth the size of a standard futures contract while Micro E-mini contracts are one-tenth the size of E-mini contracts.

Futures contracts usually start trading at 6pm Eastern Time (ET) on Sunday and finish trading between 4:30pm and 5pm ET on Friday.

Plus500 is a regulated company so you should consider it to be trustworthy. When you open an account with Plus500 US, the company will hold your funds in a segregated bank account.

Yes, it has an app for both iOS and Android.

In the US, Plus500 is registered as a Futures Commodity Merchant (FCM) with the US Commodity Futures Trading Commission (CFTC). It is also a member of the National Futures Association (its NFA ID number is 0001398) and the Chicago Board of Trade (CBOT).

The minimum deposit with Plus500 US is $100.

The leverage is different for each instrument depending on the margin. Note that trading with leverage comes with a high risk and may not be suitable for everyone.

Plenty of people make money on Plus500. However, trading futures is risky, and many people lose money with this form of trading.

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