Plus500 is a CFD broker delivering trading services on shares, forex, cryptocurrencies*, commodities, ETFs, indices, and options.
- Zero commission.
- Low spreads.
- Excellent mobile trading app.
- 24/7 customer support service.
- Product range is limited.
- $10 monthly inactivity fee after three months of inactivity.
*Availability subject to regulations.
It is popular globally and has various authorities regulating its activities, including the UK’s Financial Conduct Authority (#509909) ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026, Authorised Financial Services Provider in South Africa, FSP #47546. You can undoubtedly trust Plus500 with your trading capital.
Plus500 – Who Are They?
Plus500 was founded in 2008 in Israel and has grown to become one of the best brokers globally. It enables its clients to trade on assets’ price movements without buying or selling the underlying assets.
It’s easy to open a demo account with Plus500. Its demo account has no time limit, and you can trade using it for as long as you need. The live account also takes not much time to get verified.
Making deposits and withdrawals on Plus500 is free. However, a minimum deposit of $100 will be required to trade on its platform. Additionally, traders will enjoy commission-free services with low spreads, ranking among the lowest in the trading industry.
Note that Plus500 charges a $10 monthly inactivity fee after only three months of not logging into your trading account. There are also funding fees for positions left overnight. Additionally, if you trade assets using different currencies from the ones listed on your trading account, Plus500 will charge a currency conversion fee.
Compare Plus500 With Other Brokers
*Additional fees may apply
Our Opinion About Plus500
We believe that Plus500 is a perfect choice for budget-conscious traders. Beginners can also benefit from this broker’s easy-to-use trading platform that offers adequate trading tools. It’s also easy to learn trading using the broker’s educational resources, including a demo account.
Plus500 features are also supported on all mobile devices, including Windows, Android, and App Store. In fact, many users find the trading app very efficient, earning this broker the highest rankings on Google Play and App Store.
When it comes to customer service, Plus500 is available round-the-clock every day. The support service is very responsive on all its communication channels, including email, WhatsApp and live chat. Most importantly, they provide relevant solutions to all trading problems.
Ultimately, Plus500 is an excellent CFD broker, with its own platform, and over 2,000 instruments. Feel free to try it out using its risk-free demo account and see what you have been missing.