Plus500 Review

Plus500 is a well-established broker since 2008. Plus500 has headquarters in Australia, Cyprus, Singapore, South Africa and United Kingdom. They are generally well-suited for Plus500 to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 417727, CySEC 250/14, FCA (UK) 509909, FSCA (South Africa) 47546, ISA (Israel) 5 and Monetary Authority of Singapore 2017-12-11. Simple yet detailed information upon this broker can be seen below.

Company Information



Australia, Cyprus, Singapore, South Africa and United Kingdom

ASIC 417727
CySEC, 250/14
FCA (UK), 509909
FSCA (South Africa), 47546
ISA (Israel), 5
Monetary Authority of Singapore, 2017-12-11


Bonus offers

Affiliate program

Account Information

Apart from the forex demo account, this broker offers Professional and Retail. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Plus500 is up to 1:300. Meanwhile, you can open an account with a starting capital of $100

If you want to look for further information about this broker's offered account(s), please take a look at the list below.

Minimum Deposit


Maximum Leverage




Minimum Deposit $100

Minimum Position 0.005 lot

Spread Fixed


Expert Advisors

Overnight interest rates (swaps)

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Plus500 also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Gold & silver





Spread betting


Minimum Deposit $100

Minimum Position 0.005 lot

Spread Fixed


Expert Advisors

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Plus500 also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Indexes, ETF and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Gold & silver



Payment Methods

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Plus500 also provides payment with BPAY, Credit/debit cards, giropay, iDEAL, Przelewy24 and SOFORT

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Plus500 offers you Plus500 Windows Trader and Plus500 WebTrader.

Customer Support

Do you have any question or find any trouble related to Plus500? If you do, you should reach Plus500's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages






Extensive Review

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

Give Your Review and Rate This Broker

20 Reviews

Bob T

Sep 3 2020

I might be using it wrong, but I have a problem with securities available after some time. It’s really easy in the beginning tho.

Heather W

Sep 16 2020

Plus500 don't like it if their trader makes a lot of money. So they restricted some accounts without notice. What a coward.

Moammar K

Sep 2 2020

Some people have said that they have a great platform and that's true. But their system will log out after 10 minutes and it's annoying. I can't leave my computer and need to click anything to keep the system active.

Adrian Wallee

Sep 3 2020

Don't fall for anything about this broker. Many traders lost everything to Plus500. They even got a chargeback for their funds' recovery.

Sissy Molly

Sep 14 2020

Plus500 have a great platform, but the only thing I hate is their SPREADS. There must be a better way to rip off yout clients money. I don't want to give you any idea.

Jane Houston

Aug 24 2020

Really simple and clear. But the choice for crypto is very limited that's the only thing I don't like about Plus500.

Akira Hasan

Sep 1 2020

Plus500 is the biggest scam ever!!!!!! It made you lost all of your money. Be careful everyone! Read before trading.

Julian Sernon

Sep 24 2020

There's no problem actually with their deposit process, but need a few days to make a withdrawal process to do.

Ronan Keyton

Sep 20 2020

They have a simple program. As a newbie in the trading world, I really like it. Good job.

Thomas Jilliard

Sep 12 2020

Use Plus500 as my 1st broker because it's cheap. But as soon as I want to develop my trading sich as analysis, news, fundamentals, etc, don’t know why they are so limited. Only a good thing at the start but not for long term trading.

Peter Wayne

Sep 1 2020

One of the logical reasons why you should avoid Plus500 is their dynamic spreads and the method used for the pricing of instruments. It clearly a scam and that's why more than 80% of their clients lose their money. There are still many good brokers out there. Do your research before joining.

Mawar June

Sep 3 2020

Plus500 set their margin level too high. Once messed up, you'll lose a big amount of money. I heard that you got a frozen screen too when you make a big money with your open position since you can't exit the markets.

Nathan Joseph

Sep 16 2020

For almost 4 weeks they prevent me to withdraw my money, they kept getting excuses, no response, or email. They have extremely bad customer response. There is no problem with their demo account tho, but once you open a live account, your funds will loose with them.


Sep 4 2020

I learn many things from their demo account. I made plenty of money with them. Very smooth process of signing up. They made withdrawal system very simple. Nice job Plus500!

Daniel Mainheart

Sep 13 2020

Well, it's unfortunate that this broker might get bigger but right now they need to reform their business style. Their job is pretty bad right now.

Paxton Walters

Sep 3 2020

I read that they restricted clients account said that clients breached user agreement for Hedging. I mean, they could have warned the client first if they done something wrong.

Natalia Scezkova

Sep 3 2020

Not interested with their system. They have high margin but with low average. Their easy process with deposit and withdrawal account won't add anything to their bad system.

Perry Walker

Sep 18 2020

For my 1st experience with broker, Plus500 have a very simple system. But I'm not gonna lie that there are many other choices for another good broker.

Mia Quincy

Sep 3 2020

This broker has low leverage and high margin. Overall deposit, withdrawal, account opening was smooth and easy.

Yamada Sato

Sep 3 2020

Beware, please do not make mistakes by trusting your money with this company. Have several bad encounter for trading with this broker. Not pleasant experience. Before you loose all your money, please beware.