Plus500 Review: Is It a Reliable Trading Platform?

Founded in Israel in 2008, Plus500 is a CFD trading platform covering more than 2,000 instruments across several asset classes. Regulated by several recognized authorities worldwide, the company is both stable and secure. Plus500 also offers a wide range of short-term and long-term financial products. But can you really trust this platform? We explain everything in this Plus500 review.

Who Is Plus500?

Created in Israel in 2008, Plus500 is a reliable, simple and reputable CFD trading platform. A subsidiary of the UK-based Plus500 Ltd group, this broker is regulated by several financial market authorities. As well as offering a wide selection of financial products to trade, Plus500 stands out with tight spreads, leverage of up to 1:300 and fast, accurate order execution. Overall, Plus500 reviews are fairly positive, and this broker does offer a number of significant advantages. However, since it is a CFD broker, Plus500 does not offer spread betting.

To serve European traders, the broker operates in Europe through subsidiaries in Cyprus and London. It is also one of the reliable brokers operating in Australia. According to Regafi data, the broker’s registered office is at 45 Moorfields, London EC2Y 9AE, United Kingdom:

If this topic interests you, also check out “eToro vs Plus500“, “Best Broker for Beginners” and “Kriptomat Review 2026“.

Plus500 Key Facts and Figures

ECN Broker or Market Maker?

Plus500 operates as a market maker, meaning it provides the prices for the markets it offers its clients. When a trader places a trade on the platform, an automated hedging system protects the broker against potential losses. Trades are also executed very quickly.

Founded in Israel in 2008 and owned by UK-based Plus500 Ltd, Plus500 is first and foremost an international company known for its CFD trading services. In addition to its head office in Israel, the company has subsidiaries in the United Kingdom, Cyprus, Australia and Bulgaria. Its success began in 2011, when it reached 2 million trades per month. A mobile app for iPhone and iPad was then launched so clients could trade online on the go.

Is Plus500 an AMF-Authorized Broker?

As well as being recognized and regulated by various supervisory bodies around the world, Plus500 is also authorized by the AMF or the Banque de France. Thanks to this AMF authorization, it has access to European financial markets.

Is Plus500 Available in France?

First of all, as an authorized and regulated European company, Plus500 Ltd can operate in France. However, under French regulations, clients can only sign up for a Limited Risk Account on the trading platform, so potential losses are capped to protect the client. With this type of account, clients can only choose between leverage of up to 1:50 and up to 1:100.

Awards Received by Plus500

At present, the broker has not received any awards as such. However, according to the specialist press, no Plus500 broker review has revealed any fraud, and no Plus500 scam reports have been found on Plus500 forums. The broker even stands out for the quality of its customer service, and the Plus500 mobile trading app is very well rated on the Google Play Store and the Apple App Store.

Plus500 Regulation

Regulation is an important factor when choosing the right broker, and it has a big influence on Plus500 reviews. This platform is regulated by several financial market authorities worldwide, including the following jurisdictions and supervisory bodies:

• ASIC – Australia: Plus500’s Australian branch is authorized to operate by the Australian Securities and Investments Commission (ASIC).
• CySEC – Cyprus: Plus500 is authorized and regulated by the Cyprus Securities and Exchange Commission.
• FCA – United Kingdom: Through this branch, the company is regulated by the Financial Conduct Authority.
• FSCA – South Africa: Plus500 is also regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
• MAS – Singapore: Plus500 SG is regulated by the Monetary Authority of Singapore, Singapore’s central bank.

Can You Trust Plus500?

Plus500 is regulated by several global financial authorities and holds numerous licenses: 3 tier-1 and 4 tier-2. To be as transparent as possible, the broker also publishes its financial reports and results every year. To reassure trading beginners, negative balance protection is in place to limit investment losses. However, only retail traders are eligible for this protection; it is not offered to professional traders or non-European residents. Different types of financial safeguards are available depending on the trader’s country of residence. Overall, Plus500 can be said to offer fully reliable trading.

Plus500 Scam Reports

There are quite a few Plus500 scam reviews, despite the reassurance provided by regulation and security. Several clients have complained about withdrawal problems, interface issues and platform security.

How Are Client Funds Protected?

To ensure maximum security of client funds, Plus500 states that all funds are held in segregated client bank accounts. These segregated accounts must comply with the rules of the Financial Conduct Authority. The broker also reassures traders by using only its own funds for hedging, and it is not one of the brokers that encourage speculative positions in the market. On top of this, there is negative balance protection. As a result, Plus500 reviews on client fund protection are generally positive.

Broker Reviews

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	★★★★☆ 4/5	91%	Read Reviews

Which Account Type Do We Recommend Plus500 For?

Unlike other brokers in the financial markets, Plus500 is one of the few to offer traders a single account type: the standard account. As a result, clients won’t be able to choose between account types for short-term trading. Opening a Plus500 standard account is very quick and done entirely online. However, the broker requires identity verification as a security measure before you can trade on the platform.

The fact that Plus500 offers only one account type has led to some fairly negative reviews. However, it stands out by letting traders choose their account’s base currency, so you can open a Plus500 account in euros, dollars or any other currency of your choice and use the same currency in your bank account and your Plus500 account. Closing a Plus500 account is also fairly simple: it doesn’t take long and can even be done in writing through the contact form. It will, however, take a little longer to withdraw any money left in the account.

Even though Plus500 offers just one account type, it comes in two modes: real and demo.

Real Money Mode

First, when you log in to Plus500, you can choose between Plus500 demo mode and real money mode. Experienced traders go straight to real mode, and since the platform is simple and practical, they will know exactly how to trade on Plus500.

Demo Mode

Second, you can also opt for a demo account to try a Plus500 simulation. This means trading on Plus500 with virtual money but under the same conditions as a real account. Beginners get the chance to try trading on Plus500 and get a feel for it before using real money. You can use the demo trading account free of charge with no time limit.

Plus500 Fees

First of all, Plus500 fees are among the most competitive on the market. Plus500 earns money solely through the spread and charges traders no commission. The broker also charges overnight fees, which apply to your account when a position is held open for more than one day. Other Plus500 fees should also be considered besides trading fees.

Spreads

First, the Plus500 spread — the difference between an asset’s buy and sell price — is the only fee on Plus500 trades. The spread you pay varies depending on the asset. For example, for the EUR/USD currency pair, the average spread is 0.6. For the DAX, Plus500 has an average spread of 1.2, and for the CAC 40 the average spread is 1.

Plus500 Forex Spreads

Plus500 Index Spreads

Plus500 Commodity Spreads

Commissions

Plus500 doesn’t charge fees on your trades, since it earns money only through spreads. No commission is charged by the broker.

Overnight Fees

This is an overnight funding amount applied to your account when you hold a position beyond a certain time. Likewise, with Plus500 Premium, daily charges apply whenever a position is left open past a certain cut-off time.

Other Fees

Finally, in addition to the fees mentioned above, Plus500 may also charge other fees: a €10 Plus500 withdrawal fee and a €5 Plus500 transfer fee. Plus500 reviews about account transfers are affected by these costs. Apart from bank withdrawals, though, almost all other operations are free. If your account is inactive for 3 months, Plus500 charges a €5 fee every month.

Instruments Offered by Plus500

Alongside the many reviews that have made it a well-known broker, Plus500 offers more than 2,000 financial instruments to traders. You’ll find all the most traded instruments in the financial markets among those offered by Plus500, including:

• Forex, with around 50 currency pairs;
• ETFs;
• Stocks;
• Commodities (oil, natural gas, gold);
• Indices;
• Options.

Leverage Offered on Plus500

First, leverage allows traders to increase their exposure to a financial instrument without putting up the full capital required. When trading with leverage, you only commit part of the position’s value. This is also known as margin trading. Traders can choose to trade on Plus500 with high, low or no leverage.

In 2014, following client requests, Plus500’s leverage was increased to 1:10. This is one of the strengths of the Plus500 platform. As a CFD broker, Plus500 lets traders use leverage of up to 1:30.

Plus500 Trading Platforms

While Plus500 offers a wide range of financial instruments, its platform offering remains somewhat limited. Plus500 only offers its own proprietary platform, so traders have no other choice, and it does not offer any third-party platform. That said, the Plus500 WebTrader is both modern and easy to use. Plus500 gives access to 3 different platforms: Plus500 WebTrader, Windows Trader and Mobile Trader.

The broker therefore does not offer MetaTrader or MT4 to traders.

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Plus500 WebTrader

First, there is trading on Plus500 in the browser. It is a fast, simple option that requires no download. This cutting-edge trading platform gives users instant access to financial instruments in the markets and fully meets the needs of traders, whether beginners or experienced.

Windows Trader

Next, you can use Plus500 through the Windows operating system. The broker provides a high-quality Windows application for a better trading experience. However, trading Plus500 on Windows can be a little more complex and requires a download.

Mobile Trading Apps

Finally, traders can use the Plus500 platform on mobile devices such as tablets, smartphones and iPhones. This option lets users enjoy a high-quality mobile app wherever they are. The Plus500 Android and iPhone apps are very convenient for traders using iOS and Mac, and the Plus500 app download is easily accessible to everyone. Videos are also available to show traders how to use Plus500, helping beginners reduce the risk of losing money or making mistakes on the platform.

Plus500 Trading Platforms Compared

Plus500 Slippage and Order Execution

Plus500 applies an order execution policy designed to meet traders’ expectations as closely as possible. The platform aims to deliver best execution on behalf of its clients, ensuring both speed and execution in the trader’s best interest.

In addition, Plus500 is a market maker, which means it can have lower entry requirements than an ECN broker.

Plus500 Trading Analysis Tools

To help protect traders and their investments, Plus500 offers its clients various analysis tools to help them make the right decisions:

• Economic calendar: First, this tool lets traders follow important events and market releases in real time.
• Risk management tools: Practical, simple and powerful tools to manage your risk. These are limits and stop-losses added to your trades when opening a new position or modifying an existing one. The trailing stop is a trade protection tool that protects a position against reverse moves.
• Alerts: Alerts can be sent by email, SMS or push notification. They can cover prices, hourly or daily % changes, and trader sentiment. Traders are notified on all their devices as situations arise.
• Charting tools: In addition to these technical tools, charting tools help you master trading on Plus500 and better understand Plus500 prices.

Plus500 Education

Education is one of Plus500’s weak points. Its training offering is quite limited, and many beginners have expressed disappointment on Plus500 forums about the lack of explanations. New traders can’t take a course before they start trading on Plus500.

However, Plus500 guide videos explain how Plus500 works. These practical videos help you learn more about online trading with Plus500 and understand how the Plus500 CFD platform works. You can then get your first experience with the demo account to get a feel for trading on Plus500.

How to Become a Plus500 Affiliate

Like many brokers in the financial markets, Plus500 has set up an affiliate program to boost its professionalism and reputation. The broker invites partners to promote the trading platform on their website. In return, the affiliate benefits from the traffic they send and earns commissions. Marketing solutions are provided to affiliates to maximize their visibility while promoting Plus500, and an account manager is available to help partners make the right marketing decisions.

The Plus500 affiliate program is recognized for its quality: it won Best Forex Affiliate Program at the 2015 iGB Affiliate Awards. Plus500 affiliate reviews are therefore generally positive, which is why many affiliates around the world choose it. One of the benefits of the Plus500 affiliate program is its attractive payouts: affiliates can earn up to €800 for each trader who signs up on the platform via a tracked link.

Customer Service Review

Like all brokers, Plus500 has a customer service team to help traders find information about the platform. Agents are available to answer all your questions about trading on Plus500, fees and commissions. A professional, qualified team is at your service whatever your needs. Customer support is available 24/7 and responds quickly.

However, Plus500 customer support is only available by email and live chat. The lack of phone support often leads to negative Plus500 reviews about customer service.

How to Contact Plus500

• Via live chat: Plus500 agents usually reply quickly and are available 24/7.

• By email via the platform: If you have more specific questions, you can email the broker.

• No phone support is available to contact Plus500.

Plus500 Compared with Other Brokers

To get a clear idea of what Plus500 really offers, it’s worth comparing it with the other best-known brokers on the market. Our comparison highlights the main features of each broker and what sets them apart.

Plus500 vs eToro

When comparing Plus500 and eToro, reviews tend to favor Plus500. As a reliable broker, Plus500 has earned traders’ trust. It offers an easy-to-use platform and a wide selection of financial instruments to trade. Plus500 also has a minimum initial deposit of €100, well below eToro’s $200. And even though it is one of the best-known brokers in the financial markets, eToro doesn’t let its clients benefit from reduced spreads. However, eToro offers far more educational content to help beginners and new traders learn about trading. PayPal deposits and withdrawals are possible on both platforms.

Plus500 vs IG

IG has a slight edge over Plus500 by offering more tradable financial instruments. In addition to its own trading platform, IG also offers a popular platform such as MetaTrader 4, which Plus500 does not. However, Plus500 wins on minimum initial deposit, at €100 versus £205 for IG. With its €25 welcome bonus, Plus500 is also ahead of competitors such as IG. And while you can download Plus500 for iPhone, Windows and Android, IG only offers mobile apps for iOS and Android.

Markets.com vs Plus500

Comparing Markets.com and Plus500 isn’t easy, as both brokers offer roughly the same advantages. The choice will mainly depend on your trading needs. To benefit from reduced spreads on your trades, Plus500 is the better option. On the other hand, if you want to use popular trading platforms such as MT4 and MT5, Markets.com is a better choice. Markets.com also offers traders a larger number of currency pairs.

Plus500 Drawbacks

Even though Plus500 has many significant advantages as a broker, it remains a small player next to giants such as Vantage and eToro. Despite its attractive spreads, some traders give Plus500 fairly negative reviews. For example, it has been shown that the broker tends to block certain withdrawals when a trader is trading aggressively.

In addition, with virtually no educational offering, Plus500 doesn’t give new traders the chance to build solid online trading experience. Some reviews even claim that Plus500 scams its clients, citing repeated errors and problems with the interface or security. The platform also seems slow and inefficient even when very few people are using it.

Summary: Plus500 Pros and Cons

Having covered all the key points about Plus500, we can now highlight this broker’s main advantages and disadvantages.

Plus500 CFD Broker Pros

• First, Plus500 is regulated by several supervisory bodies and authorities.
• Unlike other brokers, Plus500 lets users choose their account’s base currency from a wide range of currencies.
• Plus500 trading fees are more competitive than industry standards.
• Thanks to its dealing desk, the broker can set its spreads independently, so Plus500 pricing can be particularly low, to traders’ advantage.
• Commissions and spreads are low compared with the competition.
• A wide selection of financial instruments is available to trade.
• Minimum initial deposit of $100.
• Up to 5 free withdrawals per month.

Plus500 Broker Cons

• First, Plus500 is not available in the United States or Canada.
• Educational material for traders is very limited.
• It is not ideal for beginners, as around 75% of traders on the platform lose money.
• It lacks the depth that professional traders need.
• The Plus500 mobile trading app interface is simple, with an attractive design, but offers nothing special.
• No full-featured platform such as MetaTrader MT4 or MT5.
• Plus500 charges a fee if your account is inactive for more than 3 months.
• Under the user agreement, trading methods such as scalping are not permitted with the broker, so scalping on Plus500 is prohibited.

Is Plus500 the Best Forex Broker?

Listed on the London Stock Exchange, Plus500 is a reliable broker that publishes its results and is authorized by many supervisory bodies worldwide. With a user-friendly, easy-to-use platform, Plus500 suits both beginners and professionals.

However, despite its regulation and many advantages, Plus500 forex reviews don’t place it among the best brokers on the market. There is still room for improvement in the quality of education offered to traders, the trading conditions, and the range of financial instruments and platforms available.

With its welcome bonus, leverage, trading tools, wide choice of assets and safe, competitive trading conditions, Vantage seems to us to be the best forex broker.

Have you used Plus500 and want to share your experience? Leave us a comment!