Plus500 review summary

Plus500 is a global CFD broker, listed on the London Stock Exchange’s Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus. Plus500 has a simple, easy-to-use site, with an especially well-designed mobile platform. The account opening process and customer support are great. During our account opening testing, our account was opened within a day. Plus500 also provides a demo account that can be opened immediately. On the negative side, Plus500 has standard research tools, like recommendations and fundamental data are not available. Also, CFD trading fees are average. BrokerChooser gave Plus500 a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Plus500 Main Highlights:

• Country of regulation.
• Trading fees class.
• Inactivity fee charged.
• Minimum deposit.
• Time to open an account.
• Deposit with bank card.
• Depositing with electronic wallet.
• Number of base currencies supported.
• Demo account provided.
• Products offered.

• UK, Cyprus, Australia, Seychelles.
• Low.
• No.
• $0.
• $20.
• 1 day.
• Avaliable.
• Avaliable.
• 5.
• Yes.

Stock, ETF, CFD (equity, index, crypto- the latter not available to UK clients -, commodity, forex)

Fees

Plus500 charges no withdrawal fee and has average forex CFD fees. There is an inactivity fee, but it’s charged only if you don’t log in to the platform.

Account opening

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.

Deposit and withdrawal

Plus500’s deposit and withdrawal services are great. You have many options and the processes are simple and free of charge.

Web trading platform

The Plus500 web trading platform is quite easy to use and also looks great. On the negative side, it cannot be customized.

Mobile trading platform

The Plus500 mobile platform is well-designed and user-friendly.

Desktop trading platform

Plus500 does not offer a desktop trading platform.

Markets and products

At Plus500 you can trade mainly CFDs (CFD forex, stock index, stock, ETF, commodity and crypto). Further popular asset classes, like ETFs or options are not available. Futures trading is only available for US citizens on the Plus500 Trade Sniper platform.

Research

Plus500 has limited research options. It has great charting tools and its own market analyses, but there are no recommendations or fundamental data.

Customer Service

Plus500 has great customer support, available 24/7. Both the live chat and email support are quick and reliable.

Education

Plus500 only provides a demo account, and a few basic videos and articles about trading. There are no webinars available and the education section is not well-structured.

Legitimacy

Plus500 is listed on the London Stock Exchange and is regulated by more than one top-tier financial authority. On the negative side, it does not have a banking license.