Plus500 operates as an online multi-asset broker, providing its clients with access to a wide range of Contracts for Difference (CFDs) on over 2,800 underlying assets. It also offers two more platforms – Plus500Invest with more than 2700 shares (available in certain countries), and Plus500Futures- a futures platform available in the US only. These assets include Forex, Options, Commodities, and Cryptocurrencies (Availability subject to regulation), Shares, Indices and ETFs. The broker is operated by Plus500CY Ltd., headquartered in Limassol, Cyprus, and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 250/14.
The UK branch of Plus500 is located at Plus500UK Ltd, 8 Angel Court, Copthall Avenue | London EC2R 7HJ. Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909).
In the Oceanic region, the Australian Securities and Investments Commission (ASIC) regulates Plus500’s subsidiary, Plus500AU Pty Ltd, with registration number 417727. Plus500 Ltd is listed on the Main Market of the London Stock Exchange.
In New Zealand, the broker operates under license #486026 issued by the Financial Markets Authority (FMA). In South Africa, Plus500 is licensed and regulated by the Financial Sector Conduct Authority (FSCA) with license number 47546. In Singapore, the Monetary Authority of Singapore has licensed Plus500SG Pte Ltd, and its license number is CMS100648-1.
As of early 2023, Plus500AE has acquired a DFSA license, enabling them to offer CFDs in the United Arab Emirates.
Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18).
Plus500 offers a straightforward trading account structure, allowing clients to open either a standard live trading account or a free and unlimited demo account. The minimum initial deposit for a live standard trading account is $100.
For traders in the EU, Plus500 provides a safeguard that prevents them from losing more money than they have deposited in their trading accounts. While this is a regulatory requirement in the EU, Plus500 offers negative balance protection to all its customers around the jurisdictions we work under. The company also implements margin calls when a trader’s account equity falls below the maintenance margin amount. Client funds are held in segregated client bank accounts, in compliance with the client money rules set by the Financial Conduct Authority. All client funds are held in a segregated client bank account in accordance with the regulations Plus500 operate under.
The broker offers a wide variety of trading instruments, including CFDs on forex currency pairs, commodities, and thousands of underlying assets. Put and call options on stocks and indexes are available. Plus500 also offers “Exchange Traded Options” which allows for higher liquidity and reduced costs.
In addition, Plus500 offers a great variety of indices CFDs, some exclusive to Plus500 – AI Index, ESG and Impact Indices
Plus500 provides leverage of up to 1:30.
80% of retail investor accounts lose money when trading CFDs with this provider.
Plus500 Customer Support
In terms of customer support, Plus500 offers 24/7 assistance via email, live chat, and WhatsApp in all regions they operate in. The company operates in over 50 countries and supports more than 16 languages.
Customer support is available 24/7 through email and live chat, but telephone support is not provided. The multilingual support, along with the availability of the website and platforms in numerous languages, is beneficial for non-native English speakers.
Plus500 has launched a Trading Academy, which offers a variety of educational products including eBook, video traders guide, and FAQs to ease trading for both beginner and experienced traders.
The Trading Academy can be accessed directly from the platform.
Users are able to:
– Read eBook
– Watch educational videos
– Explore FAQs
It does offer an online support section dedicated to answering frequently asked questions.
Plus500 Deposit & Withdrawal
Deposits to Plus500 accounts are simple and can be done through the trading platform. Clients can choose from various payment methods, including credit cards like Visa and MasterCard, Apple Pay, Trustly, electronic wallet payment systems such as Skrill and Paypal, or bank wire transfer. Each deposit method has its minimum and maximum requirements, as well as a typical delivery time frame.
Withdrawals are also processed through the trading platform, allowing traders to select their preferred withdrawal method and submit the request. The “Funds Management” screen is accessible on mobile devices by clicking the Menu button.
Plus500 Trading Platforms
Plus500 offers user-friendly trading platforms, including Windows Trader (desktop version), Web-Trader (web-based version), and mobile apps for iOS and Android devices.
Unique Trading Features with Plus500
– Watchlists – Users are able to manage multiple favorite lists.
– Real time alerts – Users may choose to receive free alerts on set price changes, percentage change (daily or hourly), and traders’ sentiments.
– Free rollover adjustment – Allows users to continue holding the same position on Commodities and Indices CFDs after the future contract reaches its expiry date.
While the charting facility is basic and only supports one chart at a time, Plus500 provides additional tools such as:
– Economic Calendar
– Real time alerts
– Trading academy
– +Insights, Instrument +Insights Tab and +Me
– News & Market Insights
– Risk Management tools
Plus500 expands and currently offers three platforms: Plus500CFD with more than 2800 CFD instruments, Plus500Invest with more than 2700 shares (available in certain countries), and Plus500Futures- a futures platform available in the US only.
Plus500 has launched an amazing feature for desktop and mobile, allowing users to learn more about market trends based on the company’s unique internal data.
Actionable insights based on Big Data
Provides a real glimpse into the wisdom of the masses
Trend exploration driven tool – allows users to explore data such as “most bought”, “most sold”, “most profit making positions”, etc
Instrument drill down – how popular is this instrument?
Discover your trading preferences, risk management usage and how they compare to other Plus500 traders
Plus500 operates on a transparent fee model, where there are no charges for withdrawals, deposits, real-time quotes, trading, CFD pricing, charts and graphs, or position rolling. Traders incur expenses through spreads (dynamic or variable), overnight funding, guaranteed stop orders (which may have wider spreads), and inactivity fees ($10 per month for accounts inactive for three months).
Plus500 has launched a Trading Academy, which offers a variety of educational products including eBook, video traders guide, and FAQs to ease trading for both beginner and experienced traders.
The Trading Academy can be accessed directly from the platform.
Users are able to:
– Read eBook
– Watch educational videos
– Explore FAQs
Plus500 offers mobile trading through its Android and iOS apps, which can be downloaded from Google Play and the App Store. The mobile apps provide excellent charting, time frames, and access to the broker’s supported asset classes.
Conclusion
In conclusion, Plus500 offers a comprehensive multi-asset service, enabling clients to trade various CFDs on currencies, commodities, equities, options, and ETFs. With user-friendly trading platforms and support for multiple asset classes, it caters to traders interested in a diverse range of markets. However, the lack of phone support may be drawbacks for some traders, particularly beginners.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Disclaimer for day traders: At Plus500, scalping is defined as “A trading strategy where a significant portion of the customer’s positions are opened and closed by him/her within 2 minutes.” If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.