Plus500
Rating: 4.5 / 5Having reviewed Plus500 in detail, I found this commission-free, multi- asset broker to be a strong choice for traders seeking a user friendly, highly regulated trading environment. While the lack of support for algorithmic and copy trading will be a limitation for some users, Plus500 compensates with solid pricing on an extensive list of assets, and an exceptionally smooth user experience. I’d argue that Plus500 is best suited to manual traders who value an intuitive platform with robust risk-management features. It’s also a great option for equity-focused portfolios, offering retail traders one of the most extensive selections of share CFDs and options out there. For US residents, futures trading is offered across a range of asset classes by Plus500 Futures. With 2800+ CFDs, 2700+ shares and a variety of futures across three platforms, it’s no surprise that this reputable broker continues to increase its global market share.
Having reviewed Plus500 in detail, I found this commission-free, multi- asset broker to be a strong choice for traders seeking a user friendly, highly regulated trading environment. While the lack of support for algorithmic and copy trading will be a limitation for some users, Plus500 compensates with solid pricing on an extensive list of assets, and an exceptionally smooth user experience. I’d argue that Plus500 is best suited to manual traders who value an intuitive platform with robust risk-management features. It’s also a great option for equity-focused portfolios, offering retail traders one of the most extensive selections of share CFDs and options out there. For US residents, futures trading is offered across a range of asset classes by Plus500 Futures. With 2800+ CFDs, 2700+ shares and a variety of futures across three platforms, it’s no surprise that this reputable broker continues to increase its global market share.
Broker Details
- Headquarters
- Israel
- Established
- 2008
- Min Deposit
- $100 (only in UK, Poland, Germany, Bulgaria $50)
- Execution
- Market Maker
- Regulators
- ASIC, CFTC, CySEC, EFSA, FCA, FMA, FSCA, MAS, NFA, SCA
Trading Conditions
- Retail Loss Rate
- 79.00%
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- Not applicable
- Min Forex Commission
- Commission-free
- Trading Hours
- Currency PairsSunday 23:05 - Friday 22:00CryptocurrenciesSunday 15:00 - Sunday 14:00CommoditiesMonday 00:00 - Friday 23:00Crude OilMonday 00:00 - Friday 23:00GoldMonday 00:00 - Friday 23:00MetalsMonday 00:00 - Friday 23:00Equity IndicesMonday 09:00 - Friday 22:00StocksMonday 09:00 - Friday 22:00ETFsMonday 15:30 - Friday 22:00
Accounts & Funding
- Funding Methods
- 8+(VisaSkrillBank transferApple PayTrustlyiDealPostepay)
- Deposit Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 1.1 pips
- GBP/USD
- 1.4 pips
- Gold
- -
- Bitcoin
- -
- WTI Crude
- -
- Inactivity Fee
- $10 monthly after 3 months
Platform & Features
- Trading Platforms
- Proprietary platform, Web-based
- Trader Details
- trader type:Newer Tradersrating:4.5/5summary:A user-friendly platform, an unlimited demo account, and built-in risk management tools (including guaranteed stop-losses) make Plus500 accessible for beginner traderstrader type:Copy Tradersrating:2/5summary:Plus500 does not support copy or social trading, making it unsuitable for this type of tradertrader type:Swing Tradersrating:4/5summary:The wide range of equity CFDs, indices, commodities, and options supports multi-day and position-based strategiestrader type:News Tradersrating:3.5/5summary:Plus500’s fast execution and real-time alerts are highly beneficial around news events, though news traders may require more advanced macroeconomic and third-party research toolstrader type:Automated Tradersrating:2/5summary:A lack of support for MT4, MT5, APIs, and algorithmic trading make Plus500 less suitable for traders implementing for EA-driven or quantitative strategiestrader type:Investorsrating:3/5summary:Share dealing is enabled in select regions, but the core offering is CFD-focused, which is less relevant to long-term buy-and-hold investorstrader type:Day Tradersrating:4/5summary:Commission-free trading and reliable execution make Plus500 a good fit for discretionary day traderstrader type:Scalpersrating:3.5/5summary:Guaranteed stop-losses provide great trade protection, but variable spreads and the absence of ultra-low-latency infrastructure minimise high-frequency scalping potential
Pros
- Broad asset selection in equities and options
- Free and unlimited demo account
- Advanced, free analytical and risk-management tools
- Globally regulated and publicly listed fintech platform
Cons
- No support for automated or social trading
