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9.7/10 rating
£100 Minimum Deposit
30:1 Max Leverage
Create Account

Pros

  • Bitcoin, Bitcoin Cash, Ethereum, Zcash, Monero, Ripple, Litecoin, Dash, NEO
  • Client Money Protection
  • One of the highest rated CFD trading apps
  • Available in 32 languages
  • Price alerts
  • No deposit or withdrawal fees

Cons

  • Does not offer EAs
  • Does not allow scalping
Type of Broker CFD
Free Demo Account
Trading Platform WebTrader, Mobile apps
Number of Assets 2000+
Asset Classes Commodities, Currencies, Indices, Stocks, CryptoCurrencies
Welcome Bonus
Minimum Deposit £100
Minimum Trade Size
US Clients

Plus500 Review 

Plus 500 UK Ltd is London (UK) based and operates its CFD. Plus500 Ltd operates through the following subsidiaries:

  • Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
  • Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
  • Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorised to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises Plus500AU Pty Ltd to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorised Financial Services Provider in South Africa, FSP 47546.

When traders trade with Plus500, they do not own the assets and have to consider the disclosures on the broker’s website. With Plus500 Ltd is listed on the Main Market of the London Stock Exchange, it is very important for the CFD Broker to regulate these investments as there are many regulations that state that your funds are secure when trading and depositing with Plus500.

The two factors to consider when choosing your CFD Broker is overnight financing payments or charges referred to as “premium fee", and spreads. Spreads are important for those that are not day traders. Those costs should always be taken into consideration when you are serious about generating a profit with your trades.

Plus500’s fixed and dynamic spread charges are generally very tight during the active marketing hours which is a competitive offer in current markets.

Risk Management Offerings

There are quite a few risk management tools to offer Plus500 traders piece of mind. Traders can trade with low, high or no leverage depending on the “Total Position Equity and Value” which gets determined when funds are withdrawn or deposited.

Traders can also set a “Stop Loss ” or a “Limit” for specific instrument price levels limit the trader's risk. This is a feature that is always wanted but not always offered by all brokers. “Trailing Stop” is another tool offered at Plus500 that is similar to limiting a price, meaning that both are designed to protect profits.

Additional Offerings

Plus500 offers leveraged trading on bitcoin that is available as CFD’s. They were the first brokers to offer this service. 

All aspects of bitcoin are handled the same manner as other Plus500’s CFD’s, besides the bitcoin CFD’s that expire monthly. These CFD’s can also be traded should you have a Plus500 demo account.

One of the most talked about features is the Plus500’s free demo feature which allows users an unlimited time of trading to practice for as long as they need. A free demo is heard of with other brokers but is always appreciated and welcome.

Withdrawals And Deposits

Withdrawals and deposits can be made via bank transfers, credit cards, Skrill and PayPal.

Customer Support

24/7 customer service is offered to all Plus500 clients via live chat and email.

Conclusion

The Plus500 website is very user-friendly which creates a pleasant trading experience for traders from all levels. Plus500 has grown into one of the go-to brokers when it comes to CFD. It is also important to remember that CFD is a leveraged product that could exceed your account balance. It is important to understand CFD and the risk involved.

Live Price from Plus500:


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Remember that CFDs are a leveraged product and can result in the loss of your entire capital.

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Remember that CFDs are a leveraged product and can result in the loss of your entire capital.