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Plus500 Review for 2023

plus500 review

Last Updated: January 28, 2023

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Disclaimer: This article is written for informational purposes only. It is based on our opinion formed through our own experience, research, and testing of our team. While we might get compensated from link clicks on this page, the compensation does not affect how we rate them. The authors of LegitVerified are not certified financial professionals. You should consult a financial professional before making financial decisions.

The development of online investing platforms has opened new doors for trading in the financial markets. Finding a reputable brokerage to start your online trading career would be best. For successful trading, you must go with a capable and reliable broker. Ensuring your profile fits well with your chosen broker can help develop a profitable working relationship.

Brokerages are online platforms that work as a gateway in financial markets. They connect buyers and sellers to facilitate a transaction. Opening a trading account with a reputable broker may seem challenging to some retail traders.

If you’ve ever stepped into online trading, you might have heard about Plus500. It is a reputable trading company that offers numerous online trading services. Plus500 is a global brand with a straightforward but powerful trading platform for online traders. It gives access to a thorough selection of CFDs and share trading.

Before creating an account on Plus500, you might ask, is it worth the hype? Please read our Plus500 review to get answers to all your queries that you might have about this online trading company. Our unbiased Plus500 review will cover every aspect of this platform, helping you determine its suitability, useability, and reliability.

Pros and Cons of Plus500


  • A simplest and easy-to-use online trading platform
  • Quick and excellent customer support
  • 24 popular symbols for CFD option contracts
  • Features more than 2,000 tradable symbols, including CFDs
  • Straightforward process for account opening
  • Regulated by FCA
  • Protection for negative balance
  • Responsive mobile app and web platform that features robust charting
  • An ideal trading platform for experienced traders
  • Guaranteed orders for stop loss
  • Availability of more than 2,800 CFDs
  • Tight spreads with 0% commission
  • Opportunity for active traders to get cash rebates in their Professional Accounts
  • Regulated in five tier-2 and three tier-1 jurisdictions
  • An unlimited free demo account
  • Live chat options


  • The essential features of Plus500 are less attractive for active traders
  • Research tools are less effective compared to other online trading platforms
  • Lack of comprehensive educational content for learning financial markets
  • Trading tools can’t be integrated with other platforms or trading tools

Plus500 Review

Overall Rating 4.3 out of 5 stars
Mobile Trading 4.5 out of 5 stars
Offerings of Investment 4.0 out of 5 stars
Research 4.0 out of 5 stars
Tools and Platform 4.5 out of 5 stars
Commission and Fees 4.5 outs of 5 stars


What is Plus500: An Overview

Founded in 2008, Plus500 is an Israel-based multi-asset broker and online financial trading platform. It is available in 30+ languages in more than 62 countries. Within 15 years, the company has established itself as a reputable and highly-recommended online trading company. Plus500 is an international brokerage, but it is headquartered in Israel.

Plus500 specializes in leveraged CFD trades and enables professional traders to trade EFTs, Forex, Indices, Commodities, Stocks and Shares, and Cryptocurrencies using CFDs. All the trading instruments of Plus500 are available only through CFDs.

One of the best features of Plus500 is that it offers competitive spreads with 0% commission on its desktop and mobile trading platforms. You can enjoy the perks of Advanced risk management tools on Plus500.

Like other reputable online financial trading companies, Plus500 features a listed stock symbol. It has more than 2,000 tradable assets. Plus500 requires a minimum of $100 for the initial deposit.

Unlike other brokers, Plus500 offers only one way to trade: CFDs. The entity you have and the region of your world define what trading tools, products, and assets will be accessible to you on Plus500. You can also sign up for a demo account of Plus500 to determine the authenticity and reliability of the platform.

CFDs are considered complex financial assets, meaning only experienced traders can benefit from them. If you’re a beginner or inexperienced trader, Plus500 might not work well for you.

Notable Features of Plus500

Plus500 is a legit online financial trading platform that offers new and market insights to professional traders. The trading tools of this company are equally suitable for new traders and seasoned experts. Investors worldwide can benefit from Plus500 because it is available in 32 languages.

Plus500 is a highly personalized platform; you can use it on multiple devices, including Android and iOS devices, such as iPads and iPhones. You only need an internet connection to access Webtrader of Plus500 without downloading it on your devices.

Plus500 has an array of exclusive features, but the most palpable ones are:

  • TakeProfit Orders
  • StopLoss
  • Demo Account or Virtual Portfolio
  • Advanced Financial Chart Comparison Tools

Licensing and Regulation of Plus500

Plus500 is checked and regulated by reputable organizations. Regulatory authorities aim to protect traders from reimbursement schemes that can regain your investment. Plus500 complies with all the rules and criteria determined by regulatory authorities, making it a safer space for online trading. The prime objective of this company is to provide professional traders with a financially regulated trading environment. It is a low-risk trading platform controlled by the following tier-1 regulators:

  • Monetary Authority of Singapore (MAS)
  • Financial Market Authority (FMA)
  • Australian Securities and Investment Commission (ASIC)
  • Financial Conduct Authority (FCA)
  • Seychelles Financial Services Authority

All the above-mentioned jurisdictions are highly reputable financial regulatory bodies. They monitor the behavior of Plus500 and take necessary actions if anything goes out of the way.

Awards of Plus500

Since its launch, Plus500 has proved itself a competitive online trading company. It has won numerous awards over the period of 15 years. Some notable accolades received by Plus500 include:

  • ADVFN International Financial Awards Best CFD Provider Winner
  • Ask Traders Best Forex Broker Winner
  • Day Trading Best Overall Broker Winner
  • FXEmpire Best Broker Winner
  • Day Trading Best Trading App Award Winner

Plus500 Pricing

A broker may charge a client various trading fees to maintain the standard of its different trading services, such as educational resources, mobile trading, and financial research tools. You need to learn about different trading fees as they can affect your bottom line.

  • Minimum Deposit

When opening a new account, Plus500 requires you to deposit a minimum of $100, slightly higher than the industry average. The platform offers more trading features, such as in-depth research and technical analysis tools.

  • Withdrawal Fees

Plus500 enables its users to withdraw their funds using Skrill, PayPal, Electronic Wallets, VISA, and Mastercard without paying a single penny.

  • Deposit Fees

Plus500 does not charge a deposit fee, but you may have to pay 3rd party merchant or bank charges when depositing funds on Plus500.

  • Inactivity Fees

Unlike other trading companies, Plus500 does not charge anything for inactive accounts. Some brokerages may charge costlier account inactivity fees to maintain your account on expensive trading platforms.

Investment Products of Plus500

CFDs complete all the Forex trading at Plus500. The crypto CFDs of Plus500 are not available to U.K. residents and retail traders from a broker’s U.K. entity. Meanwhile, you can access non-CFD share trading at Plus500 only through the Plus500 Invest Account. See the table below to learn more about investment products available on Plus500.

Cryptocurrency (CFD) Available
Cryptocurrency (Physical) Not Available
Forex Trading (CFDs or Spot) Available
U.S. Stock Trading (Non-CFD) Available
Social Trading Not Available
Int’l Stock Trading  Available


Ways to Trade CFDs on Ethereum and Bitcoin with Plus500

CFDs are considered one of the most complex financial assets; traders only use them with extensive financial market experience. If you’re a beginner or inexperienced trader, CFD trading can result in the loss of your investment.

You can trade CFDs on Bitcoin Plsu500 and Ethereum by following some simple steps, which are:

  • Go to the official website of Plus500 and click “Start Trading Now.”
  • On the next page, click “Real Money.”
  • Provide your email and a strong password, and select “Create Account.”
  • Provide your details to verify your account
  • Once your account is verified, deposit a minimum of $100 using debit cards or bank transfer
  • Go to “Trades” and select “Crypto Currencies” to access a complete list of cryptocurrencies that you can trade
  • Use the right button to buy or sell Ethereum or Bitcoin Plus500 cryptocurrency

Trading Platform Options of Plus500

Plus500 offers a custom trading platform instead of cTrader, MetaTrader 4 (MT4), or MetaTrader 5 (MT5) trading options. The trading platform offered by Plus500 is developed and tested in-house. This platform enables active traders to track the current market, locate their virtual portfolios, and place trades.

Plus500 trading platform also enables you to locate trade ideas and filter the financial marketplace to get a trade opportunity that meets all the criteria. It helps you examine trade opportunities with stock evaluations and actionable research tools.

Final Verdict: Is Plus500 Worth the Hype?

Plus500 is an excellent online trading platform for those who want to trade in a regulated and simplest environment. The enhanced charts and integrated economic calendar boost the effectiveness of the Plus500 web platform. Plus500 lacks educational content but features about 2,000 CFDs with a minimum deposit of $100.

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