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plus500

Highlights

  • Fast and reliable order execution
  • Global office & account features

Fee

Low

Account Minimum

Low

Description

Founded in 2008 in Israel plus500 is a London stock exchange-listed Global CFD and forex broker. It is regulated by the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investment Commission (ASIC) in Australia. plus500 is listed on the stock exchange, discloses financial reports, and regulated by top-tier financial authorities which are great signs for its safety.

Highlights

  • Fast and reliable order execution
  • Global office & account features
  • 200+ thousand active customers

Pros

  • Instant account opening
  • A lot of options are available for deposit and

Cons

  • No phone support
  • Research quality is average

Main Features

Country of Regulation: Uk, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel

Trading Fees: Low

Inactivity Fees charged: Yes

Minimum Deposit: $100

Products: Crypto, Indices, Forex, Commodities, Shares, Options, ETFs


Review

Fees

The plus500 charges low Trading fees and average non-trading fees. They charge an inactivity fee only if your account is inactive. 

A/C opening

The account opening process at plus500 is fully digital, simple, and fast. The minimum deposit is $200. Plus500 offers only one type of account. 

The plus500 account can be opened in 1 day. After online registration, you need to upload documents(proof of residency) for account verification.

Deposit & withdrawal

The Deposit and withdrawal service is great at plus500. The process is simple and you have options of bank transfer, credit card/debit card, and Paypal. There are charges on deposits.

Plus500 offers 5 withdrawals for one month for free after free withdrawals there will be a charge of $10. There is a minimum withdrawal amount, which is $50 for PayPal, $100 for the bank transfer and credit/debit cards. To withdraw the funds you have to visit the plus500 portal and check the ‘withdraw’ option. It usually takes 2 business days to withdraw money.

Trading Platform

The plus500 trading platform has 2 step login and the interface is user-friendly and clear. It is easy to use and looks great. The plus500 trading platform provides web, desktop, and mobile trading applications. The trading platform's customizability is limited.

Research

The plus 500 research has interactive charting tools but does not provide trading ideas, fundamental data, and recommendations. The platform provides news feed and other research tools.

Customer service

You can connect with the plus500 customer service through live chat and email only which is quick and reliable

Education 

At plus500, education material and tools are limited. You can watch videos or use a demo account.

Safety

The broker is Considered safe as it is regulated by top-tier regulators, like the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investment Commission (ASIC) in Australia.