Overview of Plus500 fees and charges
It's safe to say that Plus500's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Plus500 even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Plus500's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| S&P 500 CFD | Average | The fees are built into the spread, 0.7 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 | Average | The fees are built into the spread, 0.8 pips is the average spread cost during peak trading hours. |
| Inactivity fee | Average | $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account |
Disclaimer: 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.
Plus500 fees
Plus500 fees explained
We compare Plus500 fees with its closest competitors, eToro and Capital.com.
Plus500 fees
Plus500 trading fees
Plus500's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Plus500.
Trading fees
Plus500's trading fees are low.
It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.
For the assets we chose cleverly and arbitrarily:
- Apple, a large US stock
- Vodafone, a large European stock
- EURUSD, a popular currency pair
The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.
This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.
Here is the verdict.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Apple benchmark fee | $13.3 | $6.4 | $2.3 |
| Vodafone benchmark fee | $17.0 | - | $4.2 |
| EURUSD benchmark fee | $18.7 | $15.6 | $13.1 |
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.
Financing rates
Plus500 financing rates are high.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Apple CFD financing rate | 19.7% | 10.3% | 2.3% |
| Vodafone CFD financing rate | 18.2% | - | 10.2% |
| EURUSD financing rate | 4.5% | 3.5% | 3.1% |
| EURGBP financing rate | 3.2% | 3.4% | 2.3% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.
Currency conversion fee
Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.7% mark-up.
Plus500 fees
Plus500 non-trading fees
When it comes to looking at all the non-trading fees Plus500 is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.
Non-trading fees include various brokerage fees and charges at Plus500 that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Withdrawal fee | $0 | $5 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | Yes | No |
| Account fee | No | No | No |
Plus500 fees
Plus500 deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Plus500 is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Plus500 offers.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Plus500 fees
Plus500 withdrawal fee
Unlike some online brokers we have reviewed Plus500 does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee with bank transfer | $0 | $5 | $0 |
Plus500 fees
Plus500 inactivity fee
Plus500 does apply an inactivity fee and it is $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that Plus500 charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.
Plus500 has average inactivity fee.
| Plus500 | eToro | Capital.com | |
|---|---|---|---|
| Inactivity fee | Yes | Yes | No |
| Inactivity fee | $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account | $10 per month after one year inactivity. Inactivity means that you don't log in to your account | No inactivity fee |
Read more about Plus500 inactivity fee on their own site.
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