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Plus500 Review 2024

Written by
Fact checked by
Adam N.
Updated
5d ago
Regulated and trusted. Tested via live trading.
8,016 people chose this broker
Not available in United States; see best alternatives

Why choose Plus500

If you’re a CFD trader who prioritizes a smooth and comfortable trading experience, Plus500 is a great choice. The platforms are super easy to use on both mobile and desktop, I just love them. Unlike most CFD brokers, Plus500 also offers real stocks on their Plus500 Invest platform; ideal if you’re also looking into long-term investments while satisfying your trading habit. Penny-pinchers should look elsewhere, though; forex trading fees at Plus500 are so-so, while CFD trading fees lean toward the higher end.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The fees in the table below were collected on Dec 7, 2023 between 2 pm and 4 pm CET.

  • Well-designed platform
  • Great account opening
  • Quick and helpful customer support
Overall score
4.5/5
Minimum deposit
$100
FX fee
Average
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
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80% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 3.6/5
Plus500 charges no withdrawal fee and has average forex and high stock CFD fees. There is an inactivity fee, but it's charged only if you don't log in to the platform.
  • No withdrawal fee
  • Inactivity fee applies only if you don't log in to the platform

We compared Plus500's fees with two similar brokers we selected, eToro and Capital.com. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Plus500 alternatives.

Average FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 1.2.

Broker
EURUSD spread
FX commission per lot
Plus500
1.2
No commission is charged
eToro
1.0
No commission is charged
Capital.com
0.6
No commission is charged
Plus500 forex spreads and commissions

Again, there is no commission, and everything is included in the spreads.

Average index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.7.

Broker
S&P 500 CFD spread
Plus500
0.7
eToro
0.8
Capital.com
0.8
Plus500 index CFD spreads and commissions

High stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 1.3.

Broker
Apple CFD
Plus500
$6.7
eToro
$2.0
Capital.com
$0.6
Plus500 stock CFD spreads and commissions

Average inactivity fee, no withdrawal fee

Plus500 charges no withdrawal, account or deposit fees.
On the other hand, there is an inactivity fee of $10 per quarter after 3 months of inactivity. However, you can get around having to pay the inactivity fee if you simply log in to the platform. At some other brokers, you have to trade in order to not be charged an inactivity fee, logging in is not enough.

Broker
Inactivity fee
Withdrawal fee
Plus500
$0
eToro
$5
Capital.com
$0
Plus500 inactivity, withdrawal and other fees

Plus500 will charge a currency conversion fee of up to 0.7% for all trades on instruments denominated in a currency different from the currency of your account.

Other commissions and fees

Low futures fees: US index futures fees are as follows - $0.49 per micro contract.

Broker
US stock
UK stock
Plus500
-
-
eToro
$0.0
$0.0
Capital.com
-
-
Misc. fees compared with other brokers

Safety

Plus500 is a legit brokerage. It 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.
  • Listed on stock exchange
  • Financial information is publicly available
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Deposit and withdrawal

Score: 5/5
Plus500's deposit and withdrawal services are great. You have many options and the processes are simple and free of charge.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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Account opening

Score: 5/5
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
  • Fast
  • Fully digital
  • Low minimum deposit
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Mobile app

Score: 5/5
The Plus500 mobile platform is well-designed and user-friendly.
  • User-friendly
  • Two-step (safer) login
  • Good search function
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Web trading platform

Score: 4.5/5
The Plus500 web trading platform is quite user-friendly and also looks great. On the negative side, it cannot be customized.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 3.2/5
At Plus500 you can trade mainly CFDs (CFD forex, stock index, stock, ETF, commodity, options and crypto). Popular asset classes, like ETFs or options are not available. Real stock trading is available on the Plus500 Invest platform, while futures trading is only available for US citizens on the Plus500 Futures platform.
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“I recommend Plus500 for experienced traders looking for an innovative platform and a great user experience.”

FAQ

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Tamás Gyuriczki
Author of this review
As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.
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