Plus500 Logo
Fact checked by:
Updated:
May 2023
Recommended for
  • Investors and traders globally
Trusted broker
  • Top-tier regulation in the UK
  • Compensation in case of broker bankruptcy (terms apply)
  • Negative balance protection (terms apply)
Popularity
8,533 people chose this broker in the last 6 months

Our take on Plus500

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.

BrokerChooser score
4.7 4.7 /5
Visit broker 86% of retail CFD accounts lose money
Plus500 is not available in United States
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S&P 500 CFD benchmark fee
$3.5
Credit/debit card deposit
Yes
Minimum deposit
$100
Negative balance protection
Yes
Pros
Cons
Easy-to-use platform
Mediocre research tools
Great account opening
Average CFD fees
Quick and helpful customer support
Expert opinion
“I recommend Plus500 for experienced traders looking for an easy-to-use platform and a great user experience.”
Gergely Korpos
Co-founder / CPO

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
👛 With electronic wallet Available
💱 Number of base currencies 16
🎮 Demo account provided Yes
🛍️ Products offered Futures, CFD

Plus500 summary

Fees
4
Account opening
5
Deposit and withdrawal
5
Web trading platform
4.5
Mobile trading platform
5
Desktop trading platform
Markets and products
4
Research
3.3
Customer service
5
Education
3.5
Legitimacy
To read much more details about the broker's services and features, expand on the sections below.

Plus500 review
Fees

Score: 4/5
+
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

Score: 5/5
+
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

Score: 5/5
+
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

Score: 4.5/5
+
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

Score: 5/5
+
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

Score: 4/5
+
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

Score: 3.3/5
+
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

Score: 5/5
+
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

Score: 3.5/5
+
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

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 regulators from other countries where different investor protection rules may apply.

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-timers. The account opening process and customer support are great.

On the other hand, the brokers' research tools are limited, CFD fees are average and their educational site has room for improvement. 

As there is a low minimum deposit required, no withdrawal fee for withdrawals 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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86% of retail CFD accounts lose money

Plus500 review
FAQ

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Author of this review

Tamás Gyuriczki

Author of this review

Tamás holds a BSc in Finance and Accounting at Corvinus University. Having joined BrokerChooser in 2021 he focuses on research of retail brokerages.

Tamás Gyuriczki

Junior Broker Analyst

Tamás holds a BSc in Finance and Accounting at Corvinus University. Having joined BrokerChooser in 2021 he focuses on research of retail brokerages.

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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