Plus500 is a CFD broker that offers innovative financial products to a growing number of clients around the globe. It is renowned for its bespoke trading platform, especially the app version.
- Well-established and reputable trading platform for CFDs
- Great choice of CFD assets ensuring unique and interesting opportunities
- Fair pricing and competitive spread
- Limited availability in some countries
- No third-party tools or features
- Fewer CFDs on offer compared to other top-tier brokers
Note: 80% 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.
For many years, Plus500 has been a groundbreaking broker that has pushed the industry forward by, for example, launching the first Bitcoin CFD, offering a great selection of CFDs on options, etc. Also, with the looming introduction of Plus500 Invest, this broker is bound to remain a top-tier online broker for many years.
Looking for more information about Plus500? Please enjoy the following Plus500 broker review for UK traders in 2024.
Plus500 is Best Suited For*
Plus500 is best suited for quick and existing CFD trading on the international stock, forex, commodities and options. Moreover, Plus500 has the highest ranked trading app in both the App Store (iOS) and Google Play (Android). Hence, Plus500 is the first-hand choice for a lot of mobile traders.
In addition, Plus500 has developed their own trading software, providing a unique experience with features and tools you will not find elsewhere.
*Investment Trends 2022
Plus500 – Who Are They?
Plus500 is an international provider of CFD trading services and a FTSE 250 company listed on the London Stock Exchange (LSE). Combining innovative technology, an extensive range of financial instruments, and sophisticated trading tools, Plus500 has positioned itself as one of the largest brokerage firms in the world.
Plus500 offers a wide range of online CFDs on forex, shares, commodities, indices, futures and precious metals. The company was founded in Israel in 2008 and is currently headquartered in Israel.
Most CFD trading platforms are simply too difficult to use. Fortunately, Plus500 is one of the most user-friendly brokers on the market today. Its excellent customer service, straightforward platform, and flexible trading opportunities have helped it grow exponentially in recent years.
Compare Plus500 Features With Other Brokers
Compare brokers
*May be a subject of change
**Availability subject to regulation.
Plus500 Licences and Security
Ask any trading expert about what to look for in an online broker and they will, most likely, tell you to start by checking its licences. In the UK, every broker and bank has to be approved by and issued a licence from the Financial Conduct Authority (FCA).
In addition to the FCA, every country and jurisdiction across the globe has its equivalent, and the more licences a broker has, the more reliable it is. Luckily, Plus500 is regulated in several regions across the world.
Plus500 is licensed and regulated by:
- The Financial Conduct Authority (FCA) – The UK (main licence). Plus500UK Ltd authorised & regulated by FCA under the licence number – #509909.
- The Cyprus Securities and Exchange Commission (CySEC) – European Union. Licence No. 250/14. Cryptocurrency CFDs are not available in the UK.
- The Australian Securities and Investment Commission (ASIC) – Australia. AFSL number #417727.
- The Monetary Authority of Singapore (MAS) – Singapore. License No. CMS100648-1
- The Israel Securities Authority (ISA) – Israel
- Financial Sector Conduct Authority (FSCA) – South Africa. License No. #47546
- Seychelles Financial Services Authority – Seychelles. Licence No. SD039
- Financial Market Authority (FMA) – New Zealand. License No. 486026
A Breakdown of Assets Offered
When picking a broker, the number of assets offered as well as the markets available is an important factor to consider. Some traders prefer brokers with massive selections that allow them to switch markets and try different strategies. Others prefer brokers with more limited selections, such as Plus500.
In total, there are about 2,500 CFDs offered through the Plus500 platform. These CFD cover a range of exciting markets including indices, stocks, forex, and options. Naturally, the selection comprises the most popular financial instruments in the world, including major indices, U.S. corporate stocks, and commodities such as gold and natural gas, to mention a few.
Indices – trade close to 30 different index-based CFDs. For example, US-TECH 100, Germany 40, and other major country indices. Or try your luck with more niched indices such as Cannabis Stock Index or the Crypto 10 Index (not available in the UK).
Forex – Plus500 is one of the leading CFD forex brokers on the European market today. Trade major, minor, and exotic currency pairs as CFDs on the world’s largest financial market.
Commodities – with Plus500 you can trade a range of popular commodity futures as CFDs. The range includes the most traded commodity futures in the world, crude oil as well as sugar, platinum, coffee, gold and investing in natural gas.
Stocks – today, Plus500 provides an exciting selection of CFDs based on international stocks listed on major exchanges across the world.
Options – you can also trade CFDs based on options when using Plus500, which is rare in the industry. In fact, a majority of Plus500’s competitors do not offer options
ETFs – with a Plus500 trading account you can also trade a range of Exchange-traded funds as CFDs. The offering is broad and includes ETFs such as Global X Lithium & Battery Tech, USO-Oil Fund, GLD Gold, and many many more.
Outside of the UK, Plus500 also offers cryptocurrency trading but due to current UK regulation, these assets are banned in the country. Nonetheless, Plus500 was the first broker to ever offer a Bitcoin CFD and they remain a popular provider where outside of the UK CFDs on cryptocurrencies can be traded.
Plus500 Fees, Commission, and Spread
When trading with Plus500, you will never be charged commission. Instead, Plus500 has some of the tightest spread in the industry, making it a budget-friendly option. You will never have to pay to make deposits or use the tools provided. Although, there are a couple of non-trading fees charged for certain services, which you can see in the breakdown below.
| Type | Fee |
|---|---|
| Overnight Funding | Yes |
| Currency Conversion Fee | 0.7% |
| Guaranteed Stop Order | Spread applies (more about guaranteed stop order read here) |
| Inactivity Fee | $10 per month |
| Withdrawls/Deposits | $0 |
- Overnight fees – similar to all CFD brokers, Plus500 charges a small fee for positions that are kept overnight, ie. after the exchange has closed.
- Conversion fees – if you deposit in a currency that Plus500 does not support, you will have to pay a currency exchange fee. Therefore, register an account using a currency and payment method that helps you avoid this fee. You can currently pay upwards of 0,7% in currency conversion fees.
- Stop order – in case you want to place a guaranteed stop-loss order on a position, you will have to pay. This is a standard fee in the industry and well worth the investment to ensure that your losses don’t exceed your budget.
- Inactivity fee – there is also a £10 per month inactivity fee where an account hasn’t been used for three months. This fee is only charged for as long as there are funds on your account.
If you want an even more detailed description of all the fees, please refer to Plus500’s FAQ. There you can find answers to all your questions regarding trading and non-trading fees. You can also reach out to the Plus500 customer service.
Risk Warning: 80% 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.
Deposit Methods and Supported Currencies
You have several options to choose from in terms of payment options that Plus500 supports. Naturally, as one of the more popular online brokers in Europe, Plus500 offers widely accepted payment options.
Visa & Mastercard – use your debit or credit card to fund your account and withdraw profits. Certain credit card companies and banks have restrictions against transactions with online brokers, so please ensure that your card provider supports it.
Electronic payment methods – you can also use PayPal or Skrill to handle all your transactions with Plus500. Paypal is one of the biggest online payment providers ever and Skrill is not far behind, meaning this is an option that many UK residents are already used to.
Bank transfers – there is also the option of using traditional bank transfers to deposit and withdraw funds from Plus500. Just keep in mind that bank transfers usually take several business days to complete, while the other alternatives are instant. Bank transfers also carry a higher minimum deposit requirement.
*Plus500’s minimum deposit requirement is £100 when using a card or electronic wallet and £500 when using bank transfers.
Trading Platforms
One of Plus500’s main characteristics is that it only provides bespoke trading software, both for desktop and mobile trading. In other words, the platform is completely unique to the broker. Not only that, but Plus500 has developed one of the best CFD platforms in the world, having won several awards and being top-rated in both app stores.
1. Plus500 WebTrader
Plus500 has a WebTrader platform that comes with excellent features to keep you engaged while enjoying your experience. For instance, its interface is clean, has an intuitive design, and is easy to navigate, making it ideal for traders of all experience levels*. The platform also provides a wide range of trading tools, including real-time charts, news feeds, economic calendars, customisable technical indicators, and risk management tools like stop-loss and take-profit orders.
Another element we like about the Plus500 WebTrader platform is its ability to support multiple languages. Traders from 50+ countries globally can enjoy this platform in English, German, French, Spanish, Italian, and more. On top of that, the WebTrader is optimised for mobile devices, making it easier for you to trade using your smartphone or tablet whenever you step away from your trading station. Plus, your data’s security is guaranteed since it uses SSL encryption when transmitting data between the trader’s computer and the Plus500 servers.
Overall, Plus500’s WebTrader platform gives you access to over 2,000 CFD instruments in 7 markets, including stocks, forex, commodities, indices, and more. Beginners can get started on its demo account, allowing them to practice trading in a risk-free environment before trading with real money. Remember, trading on this platform is commission-free, with tight spreads starting from 0.0 pips. All transactions are also free, and professional CFD traders can enjoy leverage of up to 1:300.
*If you are a beginner you should trade with the demo account and you will be referred to Plus500 Trading Academy and FAQ page.
2. Plus500 Mobile Trading Platform
As mentioned earlier, Plus500 has the highest-ranking trading app on Google Play and the App Store across Europe. This is an impressive feat for any broker, especially for Plus500, which has developed the app in-house. Note that this app is SSL encrypted to protect users’ data while being transmitted between their device and the Plus500 servers. You can also set up two-factor authentication for an added layer of security.
In general, the Plus500 trading app is a mobile responsive version of the web-based platform. Therefore, you get access to the same trading tools and advanced analytic features. Switching from mobile trading to desktop trading and back is easy since you use the same account for every device. Plus, traders can access its demo account via the app to get a feel for how the markets work before trading with real money.
Additionally, the Plus500 mobile trading app is user-friendly with a modern design interface for an exciting trading experience. This means that any trader, whether new or professional, will find it easy to navigate the platform’s features. Like the web version, Plus500 mobile app offers access to over 2,000 CFD instruments, which you can easily search for using the app’s intuitive search function.
3. Plus500 Invest – Newly Launched Platform
For years, Plus500 was a CFD only broker meaning it only offered speculative trading using Contract for Difference. While there is nothing wrong with that, some traders saw it as limiting and many have been hoping for Plus500 to get the proper licenses to start offering investments.
Only months ago, this was finally achieved and today, Plus500 provides one of the best CFD platforms in the world as well as a groundbreaking stock investment service.
To start using Plus500 Invest*, you must register an investment account with the broker, even if you already have a trading account. After that, you will gain access to 2,700 different stocks from all over the world that you can invest in long-term.
What’s good about this is that you can invest in stocks using Plus500´s award-winning platform featuring a range of innovative tools to help you perform at your very best.
Better yet, unlike more “traditional” stockbrokers, Plus500 does things a bit differently. For example, there are no fees to use the platform, to withdraw or deposit funds, or any custodial fees. Also, while stock investments with Plus500 are not commission-free, they have some of the lowest commissions we’ve seen in a while.
The only downside that we can think of is that the broker only provides 2,700 stocks while some other online brokers offer 15,000+. So you have to decide whether you’re okay with limiting yourself to a select few stocks or if you rather choose one of the more classic stockbrokers with massive selections.
*Plus500 Invest platform is not available to UK clients.
Plus500 Educational Materials
Plus500 offers a wide range of educational materials in its Trading Academy section to help traders improve their trading skills and knowledge. These educational materials are designed to cater to all traders, from beginners to experienced ones looking to refine their trading strategies.
One of the primary educational resources offered by Plus500 is its extensive library of eBooks. Here you will access information on a wide range of topics related to trading, including what to trade, how to get started trading, and more. Note that these eBooks are well-written, easy to understand, and provide practical tips and advice for traders to improve their trading performance.
Besides eBooks, Plus500 also offers a range of video tutorials covering various trading topics. These video tutorials are short and straight to the point, making them easy to follow and understand. You can learn more about CFD trading, risk management, trading strategies, and more. There is also a comprehensive FAQ section to help you get quick answers to frequently asked questions.
Available Languages
Plus500 is a multi-language trading platform that supports over 30 languages, making it accessible to traders globally. This extensive language support ensures that traders can use the platform in their preferred language, which helps to make trading more accessible and user-friendly.
Some of the languages supported by Plus500 include English, Spanish, French, German, Arabic, Italian, Dutch, Portuguese, Russian, Chinese, and Japanese, to name a few. Traders can easily switch between languages by selecting their preferred language from the language menu on the platform.
Overall, Plus500’s commitment to supporting multiple languages reflects its commitment to providing a global trading platform accessible to traders from all regions. The platform’s multilingual support also ensures that traders can receive support and assistance in their preferred language, which is particularly important for traders new to trading or requiring additional support.
How To Open a Plus500 Account
Registering a Plus500 account is straightforward and since the process is regulated by the FCA, it follows the universal steps as all other online brokers in the UK. With that said, it’s a requirement that you provide accurate personal information and that you verify all that information. Therefore, you cannot provide false information or skip any of the steps in the process.
Also, please note that these rules are in place to protect you as a trader.
By following one of the links provided on this site, you will be redirected to Plus500’s registration page. Here you’ll be asked to provide personal information such as your full name, address, phone number, and email. You will also create a password for your trading account. This data will have to be verified later on, so ensure that it’s accurate.
Plus500 will also ask you to complete a simple questionnaire about financial markets and leverage trading. They do this to ensure that you are capable of trading in a safe manner and to set limits to your leverage and margin levels.
According to UK financial laws, every new customer has to verify their identity and address. To do this, you have to submit a copy of your ID (passport, driver’s licence, etc.) as proof of identity and a recent utility bill (no older than 3 months) as proof of residence. Plus500 can, at their own discretion, ask you to provide further documentation to prove that you are actually you.
The verification is then handled manually by the broker and, therefore, it can take a couple of hours before it goes into effect.
Once you’ve been verified you will have full access to your trading account but before you can start trading with real money, you have to fund the account. There are several payment options to choose from such as debit/credit, PayPal, and bank transfers.
Plus500 currently has a minimum deposit requirement of £100 for all UK-based traders. However, if you use a bank transfer you’ll be asked to deposit £500.
Please note that you can open a Plus500 demo account without making a deposit. That way you can test the platform and even practice CFD trading for a while before you start trading with real money.
Learn How to Trade with Plus500
Plus500’s platform is really easy to use with a clear and concise interface. However, Plus500 is still a sophisticated online broker developed for advanced traders. Because of this, the broker has dedicated a lot of effort to produce educational material for every skill level.
In the section “Trader’s Guide” you’ll find an archive of excellent video guides explaining every part of trading, from basic Online Trading 101 guides to videos about advanced strategies. There is a Plus500 eBook where the broker – according to themselves – offer:
“Here you can find comprehensive explanations about the instruments we offer, platform features, and a step-by-step Plus500 trading guide, as well as key trading terminology.”
There is also a massive FAQ where you can find answers to all your questions about the broker or the assets you’re trading. We recommend that all our readers spend the time needed to go through Plus500’s educational tools because it will help them become much better traders.
Editor’s Note
Plus500 has won our trust for its reliability and ease of use. The platform allows the common user to quickly and intuitively find the right tools, and the clean design makes it a pleasure to use.
Moreover, its large selection of international stocks (over 2,000) and practical trading tools make it easy to use. Millions of users, including us, make Plus500 their broker of choice.
I have also heard and seen rumours that Plus500 is about to launch an investment platform (Plus500 Invest) that will give Plus500’s customers access to real stock investments and not only CFDs. This is still a work in progress, but we’re excited about it and believe that it will help the broker further establish itself as a customer-favorite in the industry.
FAQs
Plus500 is a public company listed on the London Stock Exchange, so anyone can own its shares. However, the largest shareholders of Plus500 include Odey Asset Management LLP (8.8%), Invesco Asset Management Ltd (4.7%), and Acadian Asset Management LLC (4.4%).
Plus500 has been and will remain a top-tier online broker for many years. It is an excellent broker for those interested in low-cost trading of CFDs on forex, shares, commodities, indices, futures and precious metals.
On top of that, Plus500 is one of the highest rated trading apps* in both Google Play and the App Store. Hence, Plus500 is a first-hand choice for a lot of mobile traders.
*Best rated mobile app
Plus500 does not charge a commission. Instead, most of its profit comes from spreads on customer trades, currency conversion fees, overnight fees, and inactivity fees. The broker currently charges up to 0.7% in currency conversion fees and a monthly inactivity fee of $10.
Plus500 Review Details
✔ Regulated in many countries
As an intermediate trader, I was thrilled to encounter the Plus500 platform. Easy to use trading platform with various advanced technical tools that help you to make the right decision before you open a position. Plus500 offering some of the greatest CFDs selection, but be sure you know how to trade them as PLus500 might not be a good choice for beginners. Trading can be gambling if you have no idea what you are doing, so you better learn deeply how to trade, especially while dealing with CFDs.
Is the Plus500 platform compatible with mobile devices?
Plus500 offers trading services on all mobile devices, including iPhones, iPads, Android smartphones, Android tablets, Windows tablets, and Windows phones. The broker even offers a dedicated mobile trading app for the Apple Watch.
The Plus500 platform is safe! with the help of the manager from the support team, I finally understand the principles they use
Plus500 is a good company
The platform is solid
Probably Plus500, which also has been ranked by the Investment Trends 2020 UK Leverage Trading Report as the UK’s No. 1 CFD Broker. They have a low minimum deposit, tight spreads on forex assets, and a solid trading platform.
Plus500 is the best app for small investors! The app is loaded with amazing features that are of great help to investors. Also one need not require a middleman for doing investment and understanding the market as the app itself is self-sufficient. I got my Demo account opened at a low cost. Such a wonderful app to have!
For small investors and beginners in stock trading, I would recommend Plus500. It's the best app in terms of services features and usability. When I was a newcomer in trading I started with Plus500 only and so quickly I got my hands on it and learned all the tricks about trading. For small investors it's the best broker to have, brokerage is also quite low.
Plus500 is the best broker for newbies. The good news is there are no fees to use the platform, to withdraw or deposit funds, or any custodial fees. There are a lot of stock assets where you can find something that you need. I was a newbie at investors world but I am very happy that I started from Plus500.
I've been using plus500 for about a year now. It's an easy and understandable service and if you're careful you can make money. Very easy registration and a lot of tools for trading. I have no problems at all when I try to transfer some of my money from plus500 to my bank account. It's true it takes a little longer to withdraw than I thought it would, but I think I can handle it.
I have used several platforms for over six years for CFD's and FX trading and finally settled with Plus 500 after comparing the pros and cons. I would recommend it as a well-trusted trading platform! Price alerts in pips, % or price, are a plus to track market fluctuations.
Fantastic platform, to be honest! Easy to use. I asked customer support to increase my leverage they did, and since then, I have been making living money thanks to them! The only minor issue is the spread. It's a little bit fast, but it's not something that should be avoided not using Plus500!
I had some issues and called support twice. At all times, Plus500 support responded in at least 5 minutes. As a result, my problems were quickly solved, so I'm satisfied
I had some trouble and called support two times. In both cases, Plus500 support responded in at least 5 minutes. So my problems were solved quickly and painlessly, so I'm satisfied.
This great app. It facilitates the trading process.
Withdrawal took 10 hours when the time frame was 1-3 business days, I am very happy!
Plus500 has a good user-friendly platform, just slow at processing money for me. But they have good customer support, which is the important thing. I would recommend it.
I really enjoy plus500. No extra fees. Simple to use platform. I have deposited and withdrawn thousands without issue. Great customer service. What needs more? I absolutely recommend this for all beginners
The platform is simple to use, notifications of alerts are free even if sent by SMS, withdrawal and deposit of funds are fast. This is really a good platform and everyone in customer service is very quick in their response.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal