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Written by: Réka H. Updated: Dec 2022
Expert verified
Recommended for
  • Investors and traders globally
Trusted broker
Regulated by top-tier financial authorities
Popularity
1,387 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

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 is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . Plus500 is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Plus500 if you live in United States. See the best alternative available in your country.

Plus500 pros and cons

Pros Cons
Easy-to-use platform Mediocre research tools
Great account opening Average CFD fees
Quick and helpful customer support

Plus500 main highlights

🗺️ Country of regulation UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $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 Futures, CFD
To read much more details about the broker's services and features, expand on the sections below.

Plus500 review
Fees

4.0
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.
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Plus500 review
Account opening

5.0
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
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Plus500 review
Deposit and withdrawal

5.0
Plus500's deposit and withdrawal services are great. You have many options and the processes are simple and free of charge.
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Plus500 review
Web trading platform

4.5
The Plus500 web trading platform is quite easy to use and also looks great. On the negative side, it cannot be customized.
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Plus500 review
Mobile trading platform

5.0
The Plus500 mobile platform is well-designed and user-friendly.
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Plus500 review
Desktop trading platform

Plus500 does not offer a desktop trading platform.
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Plus500 review
Markets and products

4.0
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.
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Plus500 review
Research

3.3
Plus500 has limited research options. It has great charting tools and its own market analyses, but there are no recommendations or fundamental data.
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Plus500 review
Customer service

5.0
Plus500 has great customer support, available 24/7. Both the live chat and email support are quick and reliable.
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Plus500 review
Education

3.5
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.
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Plus500 review
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.
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Plus500 review
Bottom line

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Plus500 review
FAQ

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Author of this review

Réka Hidas

Author of this review

Réka attended the International Business and Economics bachelor program at Corvinus University in Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews. On a more personal level she wants to develop her skills and grow professionally on this field.

Réka Hidas

Junior Broker Analyst

Réka attended the International Business and Economics bachelor program at Corvinus University in Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews. On a more personal level she wants to develop her skills and grow professionally on this field.

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

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86% of retail CFD accounts lose money

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