Summary

Recommended for experienced traders looking for an easy-to-use platform and a great user experience

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72% of retail CFD accounts lose money

Plus500 is a London Stock Exchange-listed global CFD broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Plus500 is considered secure because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.

Overall Rating
4.4
Fees
3.0
Account opening
5.0
Deposit and withdrawal
5.0
Trading platform
4.9
Markets and products
1.9
Research
3.3
Customer service
5.0
Education
3.5

Plus500 pros and cons

Plus500 has a simple, easy-to-use site, with an especially well-designed mobile platform. In addition, the account opening process and customer support are great. During our account opening testing, our account was opened within a day.

On the negative side, Plus500 has a limited product portfolio, consisting only of CFD products. Some standard research tools, like recommendations and fundamental data are not available. The CFD fees are average.

Pros Cons
Easy-to-use platform Limited product range, only CFDs
Great account opening Mediocre research tools
Quick and helpful customer support Average CFD fees
Plus500 main features and highlights
🗺️ Country of regulation UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles
💰 Trading fees class Average
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0.0
💰 Minimum deposit $100
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 16
🎮 Demo account provided Yes
🛍️ Products offered CFD
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72% of retail CFD accounts lose money

Author of this review

Gergely Korpos

Author of this review

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Plus500 review
Fees

3.0
To find out more about its trading and non-trading fees, visit Plus500
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Plus500 charges no withdrawal fee. There is an inactivity fee, but it's charged only if you don't log into the platform. On the negative side, the trading fees are average.
Pros Cons
Free withdrawal Average CFD fees
Inactivity fee charged only if you don't log into the platform
Plus500 fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Average The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFD Average The fees are built into the spread, 2 points is the average spread cost during peak trading hours.
EURUSD High The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.
Inactivity fee Low $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account.

How we ranked fees

We ranked Plus500's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of Plus500 for each asset class. For example, in the case of forex and stock index trading, the most important fees are spreads, commissions and financing rates. Investor accounts lose money here as well if they do not take a moment to check this provider's fee structure.

We also compared Plus500's fees with those of two similar brokers we selected, ActivTrades and Spreadex. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Plus500 alternatives.

To have a clear overview of Plus500, let's start with the trading fees.

Plus500 trading fees

Plus500 trading fees are average.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We selected popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for Plus500 fees.

CFD fees

Plus500 has generally average CFD trading fees.

There is no commission: everything is included in the spread when trading CFDs with this provider, i.e. the difference between the ask and bid prices. ActivTrades is a provider you should consider for lower fees. Spreadex also has lower fees.

Plus500 CFD fees for a $2,000 long position held for one week
  Plus500 ActivTrades Spreadex
S&P 500 index CFD fee $2.3 $0.9 $1.8
Europe 50 index CFD fee $2.8 $0.7 $3.2
Apple CFD fee $15.4 $3.2 $7.5
Vodafone CFD fee $11.1 $5.5 $5.8

Forex fees

Plus500 forex fees are average. Again, no there is commission, and everything is included in the spreads.

Plus500 forex benchmark fees of a $20,000 30:1 long position held for one week
  Plus500 ActivTrades Spreadex
EURUSD benchmark fee $11.9 $7.9 $6.7
GBPUSD benchmark fee $9.7 $5.7 $4.8
AUDUSD benchmark fee $11.8 $7.2 $5.3
EURCHF benchmark fee $14.3 $4.8 $4.8
EURGBP benchmark fee $13.4 $9.2 $8.0

Spreads for the above-mentioned assets were collected on 27 May 2020 between 2 pm and 4 pm CET.

Non-trading fees

Plus500 has average non-trading fees. 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. You can save having to pay the inactivity fee if you simply log in to the platform. In the case of some other brokers, you have to trade in order to not be charged an inactivity fee, logging in is not enough. 

Plus500 non-trading fees
  Plus500 ActivTrades Spreadex
Account fee No No No
Inactivity fee Yes Yes No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

Plus500 review
Account opening

5.0
To experience the account opening process, visit Plus500
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Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit

Can you open an account?

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72% of retail CFD accounts lose money

Plus500 accepts customers from many countries all around the world. However, there are some notable exceptions: for example, residents of the US and Canada can't open an account, and other countries such as Cuba, Iran and Syria are also excluded.

What is the minimum deposit at Plus500?

The Plus500 minimum deposit is $100 for debit/credit cards and electronic wallets and $300 for bank transfers. There's no account type minimum deposit at Plus500. The minimum deposit is $100 as there's only one account type.

Account types

Plus500 only offers one account type, which is often referred to as a Retail account. You can apply for a Professional account if you meet two of the following three criteria: 

  • Sufficient trading activity in the last 12 months
  • Financial instrument portfolio over €500,000 
  • Relevant experience in the financial services sector 

A Professional account lets you trade with higher leverage compared to a Retail account, where the leverage has been reduced to the range of 1:2 to 1:30 as of August 2018. The maximum leverage for Professional accounts ranges from 1:5 (for options) to 1:300 (for forex) for the various instruments, with options at the bottom and forex products and indices at the top of the range. This is way higher than what an everyday investor account can use.

In this review, we tested the Retail account.

How to open your account

If you want an efficient and digital account opening process, Plus500 is the provider you should choose

After the online registration, you have to verify your identity and provide proof of residency. You can upload a copy of your ID or passport to verify your identity, and a bank statement or utility bill to verify your residency. Alternatively, you can use a driving license or a residence permit for ID verification, or a toll taxes letter, salary slip or address card to verify your residency.

Plus500 review - Account opening

Plus500 review
Deposit and withdrawal

5.0
To find out more about the deposit and withdrawal process, visit Plus500
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Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and free of charge.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee

Account base currencies

At Plus500, there are several currencies available, even minor ones, but it is not transparent how many and which ones. The following account currencies are available for sure: USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, and SGD. The default account currency is set based on your country of residency.

You need to contact support if you wish to change your base currency.

Base currencies at Plus500 vs similar brokers
  Plus500 ActivTrades Spreadex
Number of base currencies 16 4 4

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee. If your bank account's currency differs from the base currency, Plus500 will charge you a currency conversion fee of a maximum of 0.5% for all trades and instruments.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Plus500 charges no deposit fees.

As with other CFD brokers, there are a lot of depositing options at Plus500:

  • Bank transfer
  • Credit/Debit card
  • PayPal
  • Skrill

Which e-wallet options are available depends on your region – e.g. at the time of our review update in June 2020, Skrill wasn't available for us as a depositing option, only PayPal. 

Plus500 deposit options
  Plus500 ActivTrades Spreadex
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes No

A bank transfer can take several business days, while payment with a credit/debit card and electronic wallets is instant.

You can only deposit money from accounts that are in your name.

Plus500 review - Deposit and withdrawal - Deposit

Plus500 withdrawal fees and options

Plus500 withdrawal is free of charge. There is also a minimum withdrawal amount, which is $50 for PayPal and $100 for bank transfers and credit/debit cards.

For withdrawals, you can use the same methods as for deposits.

Plus500 withdrawal fees and options
  Plus500 ActivTrades Spreadex
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Plus500? We tested the debit card transfer withdrawal and it took more than 3 business days.

You can only withdraw money to accounts in your name.

Which e-wallet options are available for withdrawal depends on your region – e.g. at the time of our review update in June 2020, neither PayPal nor Skrill was available for us as a withdrawal option. Plus500 review - Deposit and Withdrawal - Withdrawal

How do you withdraw money from Plus500?

  1. Log in to your account.
  2. Click the 'Menu' icon in the top left corner.
  3. Click 'Withdraw'.
  4. Enter the amount you'd like to withdraw.
  5. Initiate the transaction by clicking 'Open a Withdrawal'.

Compare to other brokers

Plus500 review
Web trading platform

4.5
To try the web trading platform yourself, visit Plus500
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The Plus500 web trader is quite easy to use and also looks great. On the negative side, it cannot be customized.
Pros Cons
User-friendly Limited customizability for workspace
Clear fee report
Two-step (safer) login
Plus500 platforms to choose from
Trading platform Score Available
Web 4.5 stars Yes
Mobile 5.0 stars Yes
Desktop - No

Plus500 has its own-developed web platform. The web platform is available in quite a lot of languages.

Available languages at Plus500
Arabic Bulgarian Chinese Croatian Czech Danish
Dutch English Estonian Finnish French German
Hebrew Hungarian Icelandic Italian Lithuanian Malay
Maltese Polish Portuguese Romanian Russian Slovakian
Slovenian Spanish Swedish Traditional Chinese Turkish  

Look and feel

The Plus500 web platform has a clean, well-designed look and is easy to use. You can choose a dark mode as well.

On the downside, you cannot customize the platform.

Plus500 review - Web trading platform

Disclaimer: Illustrative prices.

Login and security

Plus500 provides a safer, two-step login. Google and Facebook authentication are also available, which is quite convenient.

Search functions

The search function is great, you will have no trouble finding anything. You can find the products categorized on the left or you can search by typing in the product name.

Plus500 review - Web trading platform - Search

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop
  • Trailing stop
  • Guaranteed stop*

*This guarantees that your position will be closed even if there is a large market movement. If you use it, the spread will be wider. This is the extra cost of using this order type.

To get a better understanding of these terms, read this overview of order types.

These orders can be canceled at any time before they are executed, i.e. they are Good 'till Canceled (GTC). However, there are no other order time limits provided.

Plus500 review - Web trading platform - Order panel

Disclaimer: Illustrative prices.

Alerts and notifications

We liked the platform's alert and notification functions. This is great, as investor accounts can easily lose money if they are not notified of sudden price changes. You can set up email, SMS and push notifications.

The alert lets you know if the price of an asset reaches a certain level or changes by a set percentage. Additionally, you can sign up to be alerted if the Plus500 Traders' Sentiment (the percentage of Buyers and Sellers among Plus500 customers) reaches a certain level.

Portfolio and fee reports

Plus500 provides transparent portfolio and fee reports. It is clearly indicated how much you paid in overnight fees. The composition of your current portfolio is also made clear, which you can check in the bar at the top of the platform.

Multiple Charts

As part of Plus500's September update, clients have the opportunity to use 9 charts simultaneously on WebTrader. To enable Multiple Charts on Webtrader, look for a button with four quadrants on the chart's toolbar.

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72% of retail CFD accounts lose money

Plus500 review
Mobile trading platform

5.0
To try the mobile trading platform yourself, visit Plus500
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The Plus500 mobile platform is well-designed and user-friendly.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function

The Plus500 mobile platform is very similar to the web platform. It has the same functionalities and is also user-friendly: same order types, same options for notifications, which is, of course, a great addition for investor accounts to not to lose money when trading with CFDs, as they may be notified of sudden price changes earlier than expected.

You can download the mobile app for iOS, Android, and Windows. You can also use your smartwatch, but we stuck to a conventional smartphone and tested the mobile iOS app. It was great.

Plus500 provides a safe two-step login and you can also use biometric authentication, which is a convenient feature.

Plus500 review - Mobile platform

Disclaimer: Illustrative prices.

 

Plus500 - Mobile platform - Search

 

Plus500 - Mobile platform - Order panel

Disclaimer: Illustrative prices.

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72% of retail CFD accounts lose money

Plus500 review
Desktop trading platform

Plus500 does not offer a desktop trading platform.

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72% of retail CFD accounts lose money

Plus500 review
Markets and products

1.9
To dig even deeper in markets and products, visit Plus500
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At Plus500 you can trade only CFDs with this provider (CFD forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.

Plus500 is a CFD broker. To learn more about CFDs read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Plus500 offers a good selection of CFDs. However, Spreadex is a provider you should consider if you are looking for a wider stock CFD selection. 

Plus500 product selection
  Plus500 ActivTrades Spreadex
Currency pairs (#) 70 48 60
Stock index CFDs (#) 26 27 30
Stock CFDs (#) 1,900 660 3,000
ETF CFDs (#) 95 500 200
Commodity CFDs (#) 25 15 27
Bond CFDs (#) - 5 6
Cryptos (#) 14 - -

Disclaimer for cryptos: Availability subject to regulations. Also, FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.

You can also trade with options on a few stock CFDs and stock index CFDs. There are also thematic indexes you can trade, e.g. Cannabis index, so all assets are mainly in CFDs with this provider.

You cannot change leverage levels, which is a drawback. On the other hand, with a Professional account, you can use wider leverage ranges. 

Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with CFD trading, as the preset leverage levels are high and investor or CFD accounts can easily lose money when trading CFDs.

All in all - be careful, as there's a high risk of losing money here.

Plus500 review
Research

3.3
To check the available research tools and assets, visit Plus500
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Plus500 provides limited research options. It has great charting tools and a well-designed economic calendar, and market analyses prepared by Plus500's research team. However, there are no recommendations, fundamental data or news feed.
Pros Cons
Good interactive chart No trading ideas
User-friendly No fundamental data available
Market analysis No/poor quality news flow

Plus500 does not provide trading ideas or fundamental data.

Charting

The charting tool is of good quality. There are 119 technical indicators and great editor tools. You can also save the charts.

This is great for clients looking for a massive selection of technical indicators. Most of the famous technical indicators are available, like RSI, MACD and so. 

We also liked that you can use multiple charts at the same time. To use this feature, click on 'Multiple charts view'.

Plus500 - Research - Charting

Disclaimer: Illustrative prices.

News feed

You will find a well-designed economic calendar and market analysis prepared by Plus500's research team, but no news feed or newsletter.

You can find short analyses about market events and companies. You can access these analyses if you go to Plus500's website, click on 'Trading', and select 'News & Market Insights'.

We liked the economic calendar. You can filter for macro events or company-related events.

Plus500 - Research - Economic Calendar

Other research tools you will enjoy

You can use Plus500's Traders' Sentiment tool, which shows the proportion of buyers and sellers at Plus500 for the given asset. However, this is not a feature that can be used for ladder trading. But it can be a useful insight nonetheless.

In addition, there is a 'Live Statistics' feature, which shows a few statistics about the price of the asset, such as the lowest/highest price within 5 minutes, 60 minutes, or 1 day.

Plus500 - Research - Traders sentiments

Disclaimer: Illustrative prices.

Compare research pros and cons

Plus500 review
Customer service

5.0
To find customer service contact information details, visit Plus500
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Plus500 has great customer support, available 24/7. Both the live chat and the email support are quick and reliable.
Pros Cons
Live chat No phone support
Relevant answers
24/7 availability

You can contact customer service via live chat, WhatsApp, and email. There is no phone support and Plus500 no longer serves clients via WhatsApp. Instead, there's an integrated 'Contact Us' page for inquiries.

We tested the Plus500 live chat several times. It was always quick and reliable. For example, when we asked about fees they provided all relevant fees, including financing rates. After the conversation, you can rate your customer agent instantly, which is a good way to provide feedback. 

The email customer support was also fine. They replied within one hour, which is extremely fast compared to other brokers. The answers we got were all relevant.

In addition to the good quality of customer service, it is also available 24/7, which is not the case at most other brokers.

Plus500 - Customer Service

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72% of retail CFD accounts lose money

Plus500 review
Education

3.5
To check the available education material and assets, visit Plus500
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Plus500 only provides a demo account, few basic videos about trading, and trading platform,s and educational articles. However, webinars are not available and the education section is not well-structured.
Pros Cons
Demo account No webinars
Educational videos Materials are not well-structured
Educational articles

At Plus500 you can learn in the following ways:

  • Demo account
  • Basic educational and trading platform videos
  • Educational articles about the different asset classes, risk management tools, and FAQ
  • eBook about using the trading platform (eBook can be downloaded from the trading platform)

You can find the educational tools on the Plus500 website, under 'Trading' if you click on 'Risk management' or 'Trader's Guide'. In addition, if you browse their FAQ, you will find a few more videos detailing, for example, the process of payment verification. These can be of great use, as there's a high risk of losing money when trading CFDs with this - or any - provider.

To practice, the best is to try out the demo platform, as with such you'd only lose money when trading from your virtual account. It is recommended to practice trade with the same amount of virtual currency as you would in real trading.

On the other hand, the educational materials are not well-structured. It was hard to find the different educational tools. We also missed the webinars.

Plus500 - Education

 

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72% of retail CFD accounts lose money

Plus500 review
Safety

To find out more about safety and regulation, visit Plus500
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Plus500 is listed on the Main Market of the London Stock Exchange and is regulated by more than one top-tier financial authority.
Pros Cons
Listed on stock exchange Does not hold a banking license
Negative balance protection
Financial information is publicly available

Is Plus500 regulated?

Yes, it is regulated by several financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Markets Authority (FMA) of New Zealand, the Financial Sector Conduct Authority (FSCA) of South Africa, the Monetary Authority of Singapore (MAS), the Israel Securities Authority (ISA) and the Seychelles Financial Services Authority (FSA).

Plus500 is based in Israel and was founded in 2008.

Is Plus500 safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

Plus500 operates several subsidiaries and which one will serve you depends on your residency. The investor protection amount you get depends on the country of the subsidiary you are signing up with.

A short notice: this is can be helpful if investor accounts lose money after an event of a platform shutdown, bankruptcy and so. Most of these schemes help you to get your money back in the event of the broker failing to provide their services. It is not expected, but however likely to happen.

For example, if you are from the UK, you account will be with Plus500UK Ltd and you will get £85,000 in investor protection. Plus500UK Ltd is regulated by the FCA, the UK's financial authority.

Plus500 investor protection
Client country Investor protection amount Regulator Legal entity
EEA countries (EU, Switzerland, Norway) €20,000 Authorized and regulated by the Cyprus Securities and Exchange Commission (#250/14) Plus500CY Ltd
UK £85,000 Authorized and regulated by the Financial Conduct Authority (#509909) Plus500UK Ltd
Australia, New Zealand and South Africa No protection Licensed by the ASIC (AFSL #417727), Financial Markets Authority (FSP #486026), and FSCA (FSP #47546) Plus500AU Pty Ltd
Singapore No protection Licensed by the Monetary Authority of Singapore (#CMS100648-1) and the IE Singapore (#PLUS/CBL/2018) Plus500SG Pte Ltd
Israel No protection Licensed by Israel Securities Authority (#515233914) Plus500IL Ltd
All other clients No protection Authorized & regulated by the Seychelles Financial Services Authority (#SD039) Plus500SEY Ltd

Plus500 provides negative balance protection for CFD trading, but only for retail clients from the European Union. Negative balance protection means that if the balance on your account should go into negative territory, you will be protected.

Professional and non-EU clients are not covered with any negative balance protection.

Background

Plus500 was established in 2008. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Plus500 is listed on the Main Market of the London Stock Exchange, which is a big plus for safety as Plus500 releases financial statements regularly and transparently. Other aspects, such as ownership and regulatory compliance are also all transparent.

A financially strong parent company is a plus since it can provide the online broker with additional capital if needed. As of September 2020, the biggest owners of the company were mostly large investment banks and asset management companies, including JPMorgan. The biggest owner, Odey Asset Management, had an 8.48% stake. Alon Gonen, one of the founders, was also among the top shareholders, both directly and through Sparta24 Ltd.

Being listed on a stock exchange, providing financial statements and being regulated by a top-tier authority like the FCA are all great signs for Plus500's safety.

Find your safe broker

Plus500 review
Bottom line

Visit Plus500 if you are looking for further details and information
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Plus500 is a good CFD broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by alternative regulators, like Plus500 Cyprus. In this case, for example, the Cypriot investor protection would apply to you.

Attention Daytraders! At Plus500, scalping is defined as "a trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

The Plus500 platform is easy to use, providing a great user experience even for first-timer. The account opening and customer support work well.

On the other hand, CFDs are the only product offered, the research tools are limited, and the CFD fees are average. 

As there is no minimum balance required, no withdrawal fee for withdrawals of over $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try. Just be sure not to use all of your capital, as it is really easy to lose money when trading CFDs with this - or any - provider. There's always a high risk of losing your capital when trading with CFDs, be careful!

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72% of retail CFD accounts lose money

Plus500 review
FAQ

Below you can find links to all aspects of Plus500 in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Plus500 fees article.

What about the minimum deposit?

Our ultimate guide to the Plus500 minimum deposit is updated regularly.

How to start your Plus500 account?

Look no further than our evaluation of the Plus500 account opening.

How's their trading app?

Here's our expert view after checking the Plus500 trading app.

Is the quality of customer service satisfactory?

All you need to know about the Plus500 customer service.

Legit or scam?

Is Plus500 legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Plus500 is really free.

Is this broker good for beginners?

We checked it in Is Plus500 good for beginners.

Should you buy your silver bullets on Plus500?

Research for silver bugs in the Silver buy on Plus500 guide

I want to trade options, are they available at Plus500?

We explored the topic in Can you trade options on Plus500?

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