Plus500 Review 2022

Plus500 is one of the industry leaders in the CFD segment. For many years this online broker has provided trading opportunities for millions of traders, from all corners of the earth.

It’s stated on Plus500’s website that their goal is to become the number 1 broker in the world. So how are they doing that and have they made any progress?

In our Plus500 review, we discuss that and everything else that you need to know before opening an account with this broker.

Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

77% 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.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is avalible in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested Trading Platforms

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

Plus500 Ratings - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Finacial Instruments
  • Platform
4.7

Plus500 Conclusion

In our opinion, Plus500 offers one of the most practical CFD platforms on the market. We have also seen a report showing that 40% of all transactions conducted on their platform are done on mobile devices which is very impressive. It’s a great sign of their capability of integrating trading functions in a mobile format. And let’s face it, who else has a trading app for Apple Watch? The company that owns the broker is registered in Israel but they have offices in England, Australia, and Cyprus. Plus500 can be a good choice for anyone looking to start trading CFDs. In fact, Plus500 is currently rated as one of the best CFD brokers in the world. So why wait? Sign up with Plus500 today.

Sending
User Review
3.27 (15 votes)

Plus500: The Background Story

In 2008, Plus500 was launched as a PC-only trading platform and one year later they started offering commission-free CFD trading to their customers.

It didn’t take long for the broker to start growing and three years after the launch, Plus500 already handled over 2,000,000 transactions a year, offered more than 2,000 international stocks, and launched a trading app for iOS. The same year their app first hit the shelves, it also became the highest-rated trading app in the Apple App Store.

By 2013, Plus500 had developed a trading app for Android and they became the first online broker to start offering a CFD on Bitcoin. This was also the year that Plus500 Ltd was listed on the London Stock Exchange.

During the past couple of years, Plus500 has continued to grow and, as mentioned, the broker now belongs to the trusted and quality CFD brokers on the market.

Is Plus500 a Trustworthy Broker?

Yes, Plus500 is not only a trustworthy broker but one of the most legitimate brokers on the market.

The easiest and best way to find out whether a broker can be trusted or not is to check their licenses and see who oversees their operations. In this case, Plus500 is authorized by several of the world’s leading regulatory bodies.

Plus500 currently holds licenses from the following agencies:

(You do not own or have any rights to the underlying assets. Consider if you fall within our Target Market Distribution. Please refer to the Disclosure documents available on the website.)

There is, in other words, no reason not to trust Plus500 and their intentions. You can also use this broker knowing that it’s regularly audited and continuously evaluated by the strictest financial organizations in the world.

In addition, all these licenses also mean that Plus500 is available in most of the world, with a clear demographic in Europe, Asian, and Australia. That being said, Plus500 is not available for traders in the United States, although the company is constantly working on expanding its geographical reach.

Another great way to check a broker’s legitimacy is to see who they collaborate with, and Plus500 has partnered up with several trusted brands, including Atletico Madrid, but more about that later.

Find the best trading platform. You capital is at risk when trading. Be careful.

Pros and Cons with Plus500

Just because a broker has a great reputation and is regulated by the strictest regulatory bodies in the world, doesn’t mean it’s perfect. So to give you an unbiased idea of Plus500 before we get into the nitty-gritty, we’ve listed three pros and three cons with this broker.

Pros:

  • This online trading platform is operated by a well-established and reputable financial brand.
  • A large selection of assets providing many unique and interesting opportunities.
  • Plus500 is driven by innovation and is constantly being updated and adjusted to new technological advances.

Cons:

  • Limited availability, for example in North America.
  • Only one proprietary trading platform and no third-party tools or features.

Plus500 – Available Assets and Markets

Plus500 is a purebred CFD broker meaning you can’t buy securities or assets with this broker. Instead, you speculate on the price of underlying assets. In turn, this gives Plus500 the option of offering many more markets than your average stockbroker, something you can read more about in this Plus500 review.

Forex

The forex market has been one of Plus500’s main markets from the start. Today, the selection consists of more than 50 currency pairs, ranging from majors and minors to exotic pairs. In other words, there is not a well-known currency pair that you can trade.

As long as you don’t reside within the European Union, Plus500 lets you trade currencies with leverage of 1:30. Otherwise, leverage is limited to a maximum of 30:1 for certain major currency pairs, in accordance with EU regulation.

Find the best trading platform. You capital is at risk when trading. Be careful.

CFDs: Shares, Commodities, and ETFs

The main part of Plus500’s selection is made up of CFDs on a long list of underlying assets. In fact, Plus500 has several thousand CFDs on everything from American and European stocks and indices to commodities such as gold, platinum, petrol and crude oil. You also have the option of trading exchange-traded funds (ETFs) and a range of options.

One of the benefits with a broad selection of assets like this is that you can trade around the clock since there is always a market open, whether that be the New York Stock Exchange (EST/UTC -5) or the Tokyo Stock Exchange (JST/UTC +9).

For a complete list of available assets, we suggest you visit Plus500.

Cryptocurrencies

As mentioned, in 2013, Plus500 became the first online broker to offer a CFD on bitcoin. Since then, the broker has continued to focus a lot of research and development on the cryptocurrency market, and today, they’re leading in the field.

Plus500’s cryptocurrency selection consists of more than 14 products, as well as the Crypto 10 Index and several pairs (BTC/ETC, etc.).

The benefit of trading cryptocurrencies, compared to stocks or exchange-traded funds, is that they’re available around the clock, even on the weekends.

Availability subject to regulation.

Fees, Spread and Commission

Similar to most online brokers, the lion’s share of Plus500’s revenue comes from spread, ie. the difference between the bid and ask price. Subsequently, Plus500 is a commission-free broker with minimal fees and charges.

The spread varies from asset to asset and is something you have to keep an eye on yourself when trading. At times it’s fixed but it can also fluctuate. That being said, Plus500’s spread is on average quite low.

Besides that, Plus500 does charge a few trading-related and non-trading related fees, as most brokers do.

There are, for example, an overnight fee for positions that are kept open after the related exchange or market has closed and there is an inactivity fee for accounts that aren’t used for a certain amount of time. They also have currency (in some cases) fees.

Luckily, there are no fees for deposits or withdrawals.

Trading with Plus500 On Your Smartphone or Computer

Plus500’s main trading platform is a web-based platform developed in-house. Its interface is easy to use with several innovative features, and it won’t take long before you get used to it.

In 2019, the platform went through a major upgrade and today it features more graphs, the option of drawing on your graphs, and other interesting tools that help you trade more efficiently. Although, unlike some third-party trading platforms such as MetaTrader 4 & 5, you can’t develop or add new tools to the platform.

For many years, Plus500 has been one of the leading mobile trading platforms on the market and this is a field where they really excel. The first app ever launched by Plus500 was an iOS app for iPhone and iPad. It has since been upgraded to also support simple features and trading on Apple Watches.

There is also an identical app for Android devices which has won multiple awards and is readily available in the Play Store.

To make things even more impressive, Plus500 is one of few CFD brokers to offer a Windows App for handheld Windows devices as well as computers running on Windows 10.

All things considered, Plus500 provides their customers with an amazing trading platform with all the tools and services you could think off, regardless of whether you trade on a mobile or a desktop.

Find the best trading platform. You capital is at risk when trading. Be careful.

Open an Account with Plus500

By now, it should be obvious that we recommend Plus500 to our readers. As you can see in our Plus500 review, they’re trustworthy, their fees are fair, and their selection of assets is satisfying.

If you feel like the broker could be a good fit for you, we suggest you open an account with them. The process of opening an account is simple and the same no matter where you live, as long as you live where Plus500 is available.

The first step involves providing Plus500 with account information such as name, address, email, and phone number. After doing that, you gain access to your new Plus500 account as well as the option to try their demo account which you can read more about in the section below.

For you to be able to deposit funds and start trading, you will have to verify your account. A verification process is standard in the industry and its purpose is to protect your information and funds.

This is done by providing a copy of your ID (passport or driver’s license), as well as proof of residency, for example, a recent utility bill or a bank statement. Plus500 might ask you to provide more information.

After that, you can use one of the provided payment methods – Mastercard, Visa, PayPal, Skrill or bank transfer – to fund your account.

Opening a Plus500 Demo Account

A demo account is a replica of a regular trading account but instead of trading with real money, you use virtual money. This means you can trade under real market conditions but without risk.

These types of accounts are offered by brokers to give you the option of testing the broker before signing up and depositing your own money. Moreover, demo accounts are great ways to practice and try new strategies.

Therefore, it’s something we suggest all traders open and actively uses.

Find the best trading platform. You capital is at risk when trading. Be careful.

Plus500 as a Sports Sponsor

At the time of writing, Plus500 had several active partnerships with other brands, including two high-profile sports teams.

Plus500 & Atletico Madrid

Plus500 is the main sponsor of the Spanish football team Atletico Madrid, a team that Plus500 has been involved with since 2015.

Plus500 & Brumbies

The Brumbies is one of the top rugby teams in Australia. The sponsorship includes the Brumbies officially changing their name to the Plus500 Brumbies for the “2019 Super Rugby Australian Conference Champions”.

Final Words on Plus500

Plus500 is one of the leading CFD brokers on the market. It’s a trustworthy broker that’s licensed by several of the world’s top financial regulatory bodies and they have a good reputation among clients and competitors.

Today, the broker has several million customers from mainly Europe and Asia and they offer the option of speculating on more than 2000 instruments ranging from stocks, commodities, and ETFs to currency pairs and cryptocurrencies.

Risk Warning: 77% 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.

Find the best trading platform. You capital is at risk when trading. Be careful.

Disclaimer: No information, nor financial advice related to online trading is offered through comment

Plus500 Ratings - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Finacial Instruments
  • Platform
4.7

Plus500 Conclusion

In our opinion, Plus500 offers one of the most practical CFD platforms on the market. We have also seen a report showing that 40% of all transactions conducted on their platform are done on mobile devices which is very impressive. It’s a great sign of their capability of integrating trading functions in a mobile format. And let’s face it, who else has a trading app for Apple Watch? The company that owns the broker is registered in Israel but they have offices in England, Australia, and Cyprus. Plus500 can be a good choice for anyone looking to start trading CFDs. In fact, Plus500 is currently rated as one of the best CFD brokers in the world. So why wait? Sign up with Plus500 today.

Sending
User Review
3.27 (15 votes)

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