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

3.3
3.3 out of 5 stars (based on 105 reviews)
Excellent27%
Very good21%
Average26%
Poor11%
Terrible15%

Quick and easy

20th June 2024

Quick and easy

Peter koncek

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’être 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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