Plus500 review: Plus500.com is an online trading platform that was founded in 2008 and is headquartered in Israel. The platform offers trading in a variety of financial instruments, including stocks, forex, commodities, cryptocurrencies, and options. Plus500.com is known for its user-friendly interface and wide range of trading tools and features.
One of the key advantages of Plus500.com is its user-friendly interface. The platform is designed to be intuitive and easy to navigate, making it ideal for both beginner and experienced traders. The platform is also available in multiple languages, including English, Spanish, German, French, and Italian.
While there are many advantages to trading with Plus500.com, it is important to note that there are also some potential drawbacks. For example, the platform is not available to traders in the United States, and the range of financial instruments available for trading is limited compared to some other platforms. Additionally, while Plus500.com is regulated by several financial authorities, some traders may prefer a platform that is regulated by a single authority in their home country.
| 💵 Currency | USD, EUR, GBP |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | Up to 1:300 |
| 💱 Spread | Variable from 0.6 pips for Forex |
| 💹 Markets | Forex, indices, commodities, cryptocurrencies, options, ETFs |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Haifa, Israel |
Overall Plus500 Review
Overall, Plus500.com is a user-friendly and competitive trading platform that offers a range of trading tools and features. While there are some potential drawbacks, many traders find Plus500.com to be a reliable and trustworthy platform for trading in a variety of financial instruments.
Go to Plus500.com website
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Geographic Distribution
Geography of clients (traders) of Plus500
Top Reviews
Best customer reviews of Plus500
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I have been trading with Plus500.com for a few years now and I am very satisfied with their platform. The trading tools are easy to use and provide valuable insights into the markets. The range of financial instruments is impressive, and I appreciate the competitive pricing. Overall, I highly recommend Plus500.com to anyone looking for a reliable and user-friendly trading platform.
Poland
The platform is easy to use and offers competitive pricing. On the other hand, the range of financial instruments is limited compared to some other platforms, which can be frustrating. Additionally, the customer service can be slow to respond to inquiries. Overall, I would say that Plus500.com is a decent trading platform, but it may not be the best option for all traders.
Italy
I had a disappointing experience with Plus500.com. While the platform is user-friendly, I found the range of financial instruments to be quite limited. Additionally, the customer service was unresponsive and unhelpful when I encountered issues with the platform. The pricing is also not as competitive as some other platforms. Overall, I would not recommend Plus500.com to anyone looking for a robust and reliable trading platform.
Netherlands
Expert Review
Expert Review of Plus500
As a financial expert, I have had the opportunity to evaluate Plus500.com and its platform. Overall, I find that the platform is user-friendly and offers a range of useful trading tools and features. One of the key advantages of Plus500.com is its competitive pricing, which includes tight spreads and low fees.
However, one of the main disadvantages of Plus500.com is the limited range of financial instruments available for trading. While the platform does offer a decent selection of stocks, forex, commodities, and cryptocurrencies, it does not offer as many options as some other platforms. Additionally, some traders may be put off by the fact that Plus500.com is regulated by multiple financial authorities, rather than a single authority in their home country.
Another potential downside of Plus500.com is that the customer service can be slow to respond to inquiries. While the platform does offer multiple channels for customer support, including email and live chat, some traders may find that the response times are longer than they would like.
In summary, Plus500.com is a competitive trading platform that offers a range of useful trading tools and features. While there are some potential drawbacks to the platform, such as the limited range of financial instruments and slower customer service, many traders find Plus500.com to be a reliable and user-friendly platform for trading in a variety of financial instruments.
Financial expert and analyst at TradersHero.com
Risk Warning. It's important to note that trading on Plus500.com, like any trading platform, involves risk, and traders should carefully consider their financial situation and trading objectives before making any trades.
Copy trading
Investment Programs
ZuluTrade works by allowing traders to select the traders they wish to copy and set their own risk management parameters. Once a trader has been selected, ZuluTrade will automatically copy their trades to the trader's account. This can be a useful tool for those who are new to trading or who want to benefit from the expertise of others.
One of the key advantages of ZuluTrade is its user-friendly interface, which allows traders to easily navigate the platform and select the traders they wish to copy. Additionally, ZuluTrade offers a range of risk management tools, such as the ability to set stop-losses and take-profit levels, which can help traders minimize their losses and maximize their profits.
It's important to note, however, that copy trading also involves risks, and traders should carefully research and select the traders they wish to copy. Additionally, traders should monitor their performance regularly and be prepared to make adjustments to their copy trading strategy as needed. Overall, ZuluTrade can be a useful tool for traders who want to benefit from the expertise of others, but it's important to approach copy trading with caution and a solid understanding of the risks involved.
ZuluTrade is a third party copy trading platform that allows traders to copy trades of other traders.
Remember, copy trading carries risks, and it's important to carefully consider your personal circumstances, risk appetite, and financial goals before engaging in copy trading activities on Exness.com or any other platform.
One of the key differences between ZuluTrade and other copy trading platforms is the large pool of experienced traders that are available on the platform. ZuluTrade has a global network of traders who have a proven track record of success in the markets, which provides traders with a wider range of options to choose from.
Additionally, ZuluTrade offers a range of risk management tools that can help traders minimize their risks, such as the ability to set stop-losses and take-profit levels. These tools can help traders to protect their investments and potentially increase their profits.
Overall, ZuluTrade's large pool of experienced traders and comprehensive risk management tools set it apart from other copy trading platforms, making it a popular choice among traders who are looking for a reliable and effective way to copy the trades of others.
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Conditions
Trading Conditions for Plus500.com Users
Plus500.com offers a range of trading conditions for its users, including account types, leverage, spreads, and trading platforms.
Account Types: Plus500.com offers two account types for its users: a live trading account and a demo account. The demo account is a useful tool for new traders to practice trading without risking real money, while the live trading account allows traders to trade with real money.
Leverage: The platform offers leverage of up to 1:30 for retail clients, and up to 1:300 for professional clients. Leverage allows traders to increase their potential profits, but it also increases their risk of losses.
Spreads: Plus500.com offers competitive spreads on a range of financial instruments, including forex, commodities, and cryptocurrencies. Spreads can vary depending on market conditions and the specific financial instrument being traded.
Trading Platforms: The platform offers a proprietary trading platform that is user-friendly and customizable. The platform is available on desktop and mobile devices, and includes a range of advanced trading tools and features.
Overall, Plus500.com provides a range of trading conditions that are designed to meet the needs of traders of all experience levels. Traders can choose from a variety of financial instruments and take advantage of the platform's user-friendly interface and advanced trading tools to potentially increase their profitability. However, traders should also be aware of the risks involved in trading and carefully consider their trading strategy before investing their money.
| 💵 Currency | USD, EUR, GBP |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | Up to 1:300 |
| 💱 Spread | Variable from 0.6 pips for Forex |
| 💹 Markets | Forex, indices, commodities, cryptocurrencies, options, ETFs |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Replenishment / Withdrawal: Visa, Mastercard, PayPal, Skrill, bank transfer |
| 🏦 Broker Type: | Market Maker |
| 📞 Customer Service | Live chat, email, phone |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ❌ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Haifa, Israel |
Risk Warning
Comparison
Comparison of Plus500.com with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
Plus500.com Accounts, Commissions & Fees
The platform offers two types of accounts: a live trading account and a demo account. The demo account is free and allows traders to practice with virtual funds. The live trading account requires a minimum deposit, which varies by region and can range from $100 to $1,000.
Plus500.com does not charge commissions on trades. Instead, the company makes its money through spreads, which are the difference between the buy and sell prices of an asset. The spreads vary depending on the asset being traded, but are generally competitive with other brokers in the industry.
The overnight funding fee, or swap rate, is a cost associated with holding a position overnight. The fee is calculated based on the size of the position and the interest rate differential between the two currencies being traded. Plus500's overnight funding fees are clearly listed on their website and vary by asset.
Plus500.com also charges an inactivity fee of $10 per quarter for accounts that have not been used for more than three months. This fee is waived for accounts with a balance of $500 or more.
Overall, Plus500's account fees and commissions are competitive with other brokers in the industry. However, traders should be aware of the potential for overnight funding fees and the inactivity fee for dormant accounts.
| Account type | Minimum deposit | Leverage | Transaction fee | Margin call / Stop out |
|---|---|---|---|---|
| Retail | $100 | 1:30 | 0.06% – 0.76% | 50% / 20% |
| Professional | $1000 | 1:300 | 0.03% – 0.50% | 50% / 20% |
Fees at Plus500.com vary by instrument and account type. Below is general information about commissions for each instrument type:
| Instrument | Spread | Overnight Funding | Inactivity Fee |
|---|---|---|---|
| Forex | From 0.6 pips | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
| Commodities | From 0.03 | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
| Indices | From 0.4 | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
| Crypto | From 0.6% | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
| Shares | From 0.1% | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
| ETFs | From 0.15% | LIBOR +/-2.5% | $10/month after 3 months of inactivity |
Overnight funding rates vary by instrument and are subject to change. LIBOR +/-2.5% is an average and may be higher or lower depending on the instrument and market conditions.
Risk Warning
Final review
Plus500 Detailed Review
Plus500 is a CFD broker established in 2008 with headquarters in Israel. The company is listed on the London Stock Exchange and has regulatory licenses from several financial authorities, including the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.
Plus500 offers its clients access to trade over 2,000 CFD instruments across various asset classes, including forex, stocks, commodities, cryptocurrencies, and indices. Plus500 offers a proprietary trading platform that is easy to use, intuitive, and offers fast execution speeds. The platform can be accessed through desktop, mobile, and web-based applications.
One of the main advantages of Plus500 is the low minimum deposit required to open an account, which is just $100. Additionally, the broker offers a demo account, which is a great way for traders to practice and test their strategies before trading with real money.
Plus500 offers several account types to cater to the needs of different traders. The account types include a demo account, standard account, and a professional account. The standard account offers a leverage of up to 1:30, while the professional account offers leverage of up to 1:300. The professional account requires traders to meet certain criteria, including having at least 1 year of experience in trading financial instruments.
In terms of regulation and safety, Plus500 is a well-regulated broker and has a good reputation in the industry. The broker is regulated by several financial authorities, including the FCA in the UK, which is considered one of the most reputable financial regulators in the world.
In conclusion, Plus500 is a reputable broker that offers competitive trading conditions and a user-friendly trading platform. The low minimum deposit requirement and demo account make it accessible to novice traders, while the professional account caters to more experienced traders. However, the lack of other trading products and social trading features may be a disadvantage for some traders.
Advantages:
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Plus500.com Regulator
Plus500.com is a regulated broker, authorized and regulated by several top-tier financial authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Israeli Securities Authority (ISA) in Israel.
This means that Plus500.com must adhere to strict regulations, including client fund segregation, regular audits, and a certain level of financial protection for clients. In addition, Plus500.com must follow strict rules regarding the provision of trading services and the treatment of customers, ensuring that they receive a fair and transparent service.
Overall, the regulation of Plus500.com is considered to be one of its strengths, as it provides clients with the peace of mind that their funds are safe and that they are trading with a reputable and trustworthy broker.
Risk Warning
Promotions
Bonuses Paid by the Plus500.com
Bonuses
Plus500.com offers bonuses and promotions to its users from time to time. However, the availability of these bonuses and the terms and conditions associated with them vary depending on the user's country of residence and the regulations governing online trading in that country.
In general, bonuses and promotions offered by Plus500.com may include welcome bonuses for new users, deposit bonuses, or trading bonuses. These bonuses may require users to meet certain conditions, such as a minimum deposit amount or a minimum trading volume, before they can be claimed or withdrawn.
It is important to note that bonuses and promotions should not be the primary factor when choosing a trading platform. Users should always carefully review the terms and conditions associated with any bonus or promotion before accepting it, and should focus on the overall quality and reliability of the platform when making their decision.
Education
Review of the Plus500 Education Program
Plus500.com offers an education program for its users, which is designed to help traders improve their knowledge and skills in trading. The education program is available for free and can be accessed by all users, regardless of their account type.
Educational tools:
Online Courses:
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Rating and Comments
Plus500 Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I am very impressed with the platform. The user interface is intuitive and easy to navigate, and I find the trading fees very reasonable. I also appreciate the wide range of markets available for trading, including forex, indices and commodities. Overall, I had a great experience with Plus500 and would definitely recommend it to other traders.
While I appreciate the easy to use platform and the wide range of markets available, I had some issues with customer service. Sometimes I found it difficult to contact them and response times can be slow. I also found that the spreads were a little wider than I would have liked, which could affect my profitability as a trader.
The platform was difficult to use and not at all intuitive. I also found that the trading fees were very high, making it difficult to profit. When I tried to contact support for help, I was faced with long waits and unhelpful responses. Overall, I would not recommend Plus500 to anyone.