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.
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*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.
Is trading on apps like Plus500 similar to trading in a stock exchange through a broker?
No! Do you have some experience in trading? I think Plus500 is recommended for experienced traders
I have been trading with them for over 4 years, before that I tried a lot of different platforms, each having benefits and cons features. When I first looked at Plus500 I could see that it was a clear and simple platform
Its interface is very simple and easy to use either novice or pro 🙂
For me personally, I prefer Plus500 for trading. They have over 70 currency pairs to trade and I can trade 24/7 with them. For a long time that I trade I had no trouble with this broker. Important factors that I considered chosen Plus500, as excellent customer service, deals, and other factors, acquire trust as a top trading platform.
They have 24/5 support – quick one and responsive.
Few things to take in mind, people that do not know how to calculate the spread and use leverage will use their money very fast! Learn how to do it and use a demo account first, play with it and always use stop lose and take profit. Never use the copy system if you have no clue how to trade yourself.
As someone who had traded with XM for a long time because I wanted to trade with a regulated broker, I would say they are doing a pretty good job. I was quite satisfied with their services until my friend suggested to me Plus500. I am quite impressed with the trading conditions and their customer support. Currently, I have accounts with both of them however I like trading with Plus500 more because they charge a low commission. You can try both and then decide which one suits you.