Plus500 Review 2025: Pros, Cons, & Fees
These videos are only a couple of minutes long, but there are more in-depth educational videos on the Plus500 YouTube channel, including the recordings of webinars. The Plus500 website has a section with articles covering news and market insights. These are written by in-house analysts and explore mostly fundamental themes, for example, earnings reports and central bank policy. The quality of the content is good, with helpful information and ideas. There are also some market analysis videos on the Plus500 YouTube channel.
The proprietary platform offers seamless integration across devices, ensuring that traders can continue their trading activities without interruption. Plus500 excels in offering risk management tools like guaranteed stop-loss orders, providing an added layer of safety for traders. I appreciate Plus500’s commitment to providing a seamless trading experience. Their tools are effective, allowing me to navigate the markets with ease and make informed decisions. Plus500 delivers outstanding brokerage services with a user-friendly platform. The market insights are clear, and the customer support team is always ready to assist.
- Their dedication to client satisfaction enhances the overall trading experience, making them a trusted broker.
- Plus500 offers a single live trading account and recently expanded its services by launching futures trading in the USA.
- Compared to the popular Meta Trader 4, Plus500’s platform offers significantly less functionality and customisation options, making it much easier to use.
- Plus500 offers a unique trading platform designed with client convenience in mind.
- Plus500 integrates the ESG (Environmental, Social, Governance) concept into its trading platform.
- Plus500 offer multiple fee-free options to deposit and withdraw funds.
Platform Languages
Here, we focus on how long the broker has been in business, the company’s size, and how transparent it is. Plus500 ensures compliance with regional financial regulations through its globally regulated entities. In a notable move in 2022, Plus500 became an official partner of the iconic Chicago Bulls basketball team.
If you withdraw funds to PayPal, you’ll receive slightly less due to PayPal’s foreign exchange rates being worse than transferring to your bank account. Plus500 offer multiple fee-free options to deposit and withdraw funds. It’s important to note that Plus500 is not suitable for scalping strategies, as accounts employing rapid trade executions within a two-minute window may be subject to closure. Two additional fees traders may incur is an overnight holding fee and a $10 USD inactivity fee if your account remains unused for three months. While there is a large range of CFD Forex pairs, stocks and cryptos to trade, the spreads are on the wider side even if there are no commissions to factor in. While this is no guarantee that you will succeed, using a trading platform that is less complex is important for beginners that want to avoid a steep learning curve.
- The platform has risk management tools like a guaranteed stop-loss and works well on both desktop and mobiles.
- During testing, the staff were knowledgeable and responsive and able to handle queries in a range of different languages.
- I find that e-wallets offer the fastest processing times, with funds normally available immediately.
- They typically have less fees, and offer some more advanced trading options.
- Although there are no trading fees, you will incur costs like spreads and additional charges like inactivity fees or overnight funding costs.
What is the minimum deposit required to open an account with Plus500?
When it comes to research, Plus500’s offering is pretty non-existant compared to other trading platforms. Beginner forex traders, as well as those who are experienced but prefer the major pairs would find the Plus500 offer sufficient. However, traders who specialize in trading minor and exotic pairs should avoid Plus500, as there are so many other platforms online that provide a significantly larger variety. What it can’t do is provide you with a diversified trading experience across global and emerging markets, or give you the sophisticated analytical tools to develop plus500 forex review complex strategies. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
Tradable Instruments
As a leading global provider of contracts for difference (CFDs), Plus500 excels in offering traders a broad selection of markets. From forex pairs to cryptocurrencies, users can diversify their portfolios and gain exposure to a wide array of asset classes. “The Plus500 platform is simple and easy to use, with a particularly well-designed mobile app” source, making it a strong choice for traders looking for a seamless mobile trading experience.
Finally, Plus500 also protects users from having negative balances through its margin call feature. This means that in the event of the broker going bankrupt, users could claim up to £85,000 in compensation. The company publishes its financial statements, annual reports, and transactions in its own shares. Logging into your Plus500 account is safe and supports both two-factor authentication and biometric authentication on mobile devices.
Finally, Plus500 provides its users with a top-quality economic calendar, high class analysis, and much more. That being said, the average spreads on Forex trading are slightly higher than other platforms. Plus500 is a zero fees CFD provider, and it charges no fee for you to make a deposit as long as you deposit the minimum requirements.
Other Fees
What is also impressive is that the extra instruments cover a range of categories rather than just providing more of the same. For example, there is an impressive number of Options markets on offer. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons.
What extra trading services does Plus500 offer?
To determine this, we tested the CFD provider’s live account and compared its features to other brokers trading platform offerings. Plus500 has expanded its client sentiment data offering with the launch of advanced sentiment features from Trading Central, FactSet, and Plus500’s new +Insights module. This new tool has evolved into a suite of features that deliver advanced insights into the activity of Plus500 traders and a range of statistics related to its trader base. Between 51% and 89% of retail investor accounts lose money when trading CFDs. Plus500 offers a broad diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide. A wide selection of trading instruments makes this platform attractive for traders with different strategies and preferences.
On the other side, Plus500 offers unique features in its platform along with notification services, a reliable alert program, and risk management tools. Like any other providers, Plus500 has a diversified business model that works with several revenue streams, including spreads, currency conversion, and inactivity fees among others. Most of the processes have no direct impact on traders’ balances due to its zero cost policy. As mentioned above, Plus500 was founded in Israel in 2008 as a PC-based online trading platform. The platform evolved quickly; it is now a publicly traded company in the London Stock Exchange and is part of the FTSE250 under the code PLUS. With more than 2,000 assets to trade, you will be sure to find something available at Plus500.