Plus500 Broker Review: Trading Experience and Features Explored

In the world of online trading, selecting the right broker is essential to a trader’s success. This article provides an in-depth review of Plus500, a leading player in the online brokerage space. This comprehensive review will evaluate Plus500’s platform, trading instruments, account types, customer service, and more, offering prospective traders a comprehensive understanding of what this broker brings to the table.

About Plus500

Founded in 2008, Plus500 has established itself as a global leader in Contracts for Difference (CFDs) online trading. Plus500 is headquartered in Israel and has subsidiaries in the United Kingdom, Cyprus, Australia, and Singapore. This platform provides a seamless trading experience for both novice and experienced traders with its intuitive interface and range of trading instruments.

Plus500 Trading Platform

Usability and Interface

One of the most notable aspects of Plus500 is its proprietary trading platform. The Plus500 trading platform is user-friendly, making it suitable for both new traders and seasoned professionals. The platform features a clean, uncluttered design that’s easy to navigate, helping traders focus on the task at hand without unnecessary distractions.

Trading Tools and Features

The Plus500 platform is replete with a multitude of innovative tools and features. Traders can make use of advanced charting tools, over 100 technical indicators, and a variety of timeframes to conduct comprehensive market analysis. Additionally, the platform offers features like stop loss and take profit orders, ensuring traders can effectively manage risk while capitalizing on market opportunities.

Mobile Trading

Plus500 also offers a mobile trading app available on both iOS and Android devices. The mobile app mirrors the features and functionality of the web-based platform, allowing traders to manage their positions, conduct market analysis, and execute trades on the go.

Trading Instruments

Another significant advantage of Plus500 is the breadth of trading instruments it offers. Traders have access to a diverse range of markets, including:

• Forex: Traders can speculate on over 70 currency pairs.
• Stocks: Plus500 provides access to thousands of stocks from major global exchanges.
• Commodities: Traders can trade commodities like oil, gold, and silver.
• Indices: Plus500 offers CFDs on many of the world’s leading indices.
• Cryptocurrencies: Plus500 provides an opportunity to trade popular cryptocurrencies like Bitcoin and Ethereum.

Account Types

Plus500 offers two main account types: a Demo account and a Real Money account. The Demo account is an excellent resource for beginners as it allows them to practice trading without risking real money. On the other hand, the Real Money account is for those ready to trade with actual capital. Both accounts provide access to all trading instruments and platform features.

Customer Service

Another crucial aspect to consider when choosing a broker is customer service. Plus500 offers customer support via email and live chat, available 24/7. Their customer service team is known for its prompt responses and high level of professionalism.

Educational Resources

Plus500 provides an array of educational resources for traders. These resources include articles, video tutorials, and a detailed FAQ section that covers a wide range of topics. These tools can help new traders understand the basics of trading and advanced traders refine their strategies.

Fees and Spreads

Plus500 operates on a “spread only” model, meaning they do not charge a commission on trades. Instead, the broker earns through the spread, which is the difference between the buy and sell price of an instrument. Plus500’s spreads are competitive, but traders should still consider these costs when calculating potential profits.

Deposits and Withdrawals

Plus500 offers a range of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets such as PayPal and Skrill. The broker also offers quick withdrawal times, generally processing withdrawal requests within a few business days.

Security and Safety

Security is paramount in online trading, and Plus500 takes this seriously. The platform uses advanced security measures, including SSL encryption, to protect users’ data and funds. Plus500 also offers a secure client area for managing accounts and conducting transactions.

Demo Account

The Plus500 Demo account is a standout feature that gives potential traders an edge. This account mirrors the Real Money account, providing a realistic trading environment where users can practice trading strategies and familiarize themselves with the Plus500 platform. Users are given a virtual balance, allowing them to participate in the market and execute trades without any financial risk.

One notable aspect of the Plus500 Demo account is that it is unlimited. This means users can practice trading strategies for as long as they wish, a feature not all brokers offer. Furthermore, the Demo account provides access to real-time market prices, which contributes to the realism of the simulated trading experience. For beginner traders, this means learning to interpret market trends and understand the dynamics of various trading instruments.

The Demo account can also be beneficial for more experienced traders. It provides an environment to test new strategies, explore unfamiliar markets, or familiarize oneself with the Plus500 platform before committing real capital. Thus, it’s a versatile tool that caters to a wide range of trader needs and experiences.

iOS/Android Apps

Understanding the needs of today’s traders, Plus500 offers a powerful mobile trading app available for both iOS and Android devices. The app provides full functionality, replicating the features of the web-based platform. It allows users to manage positions, conduct technical analysis, and execute trades directly from their mobile devices.

Plus500’s mobile app is designed with usability in mind. The intuitive user interface makes navigation straightforward, ensuring that all functions and features are easily accessible. Real-time price alerts and push notifications ensure that users are always updated on market movements and trading opportunities.

The mobile app also incorporates advanced charting tools and over 100 technical indicators. This allows users to conduct in-depth market analysis and make informed trading decisions even when on the move. Additionally, the app supports multiple languages and offers 24/7 customer support, further enhancing the mobile trading experience.

Affiliate Program

Plus500 offers an attractive affiliate program known as Plus500 Affiliates. This program provides an opportunity for individuals and businesses to earn commissions by referring new clients to Plus500. The program is well-recognized in the industry and has won numerous awards for its performance.

As a Plus500 affiliate, individuals or businesses can earn competitive commissions with high conversion rates. The program offers a range of marketing tools, including banners, landing pages, and text links, to help affiliates optimize their marketing efforts. Plus500 Affiliates also provides comprehensive reports and analytics, enabling affiliates to track their performance and refine their strategies.

The Plus500 Affiliates program provides its partners with a dedicated account manager to offer assistance and support. With its high-quality marketing materials, real-time tracking, and prompt monthly payments, Plus500’s affiliate program stands out as a robust and reliable program in the industry.

In conclusion, Plus500’s offerings extend beyond its robust trading platform and diverse trading instruments. Its demo account and mobile apps provide added convenience and flexibility to traders, while its affiliate program presents a unique opportunity for individuals and businesses to partner with a globally recognized brand.

Conclusion

In summary, Plus500 stands as a reliable and reputable broker in the online trading space. Its user-friendly platform, variety of trading instruments, educational resources, and dedicated customer support make it an excellent choice for both beginner and experienced traders.

However, like all brokers, Plus500 may not be suitable for everyone. It’s essential to consider your individual trading goals, risk tolerance, and experience level before choosing a broker. This review provides a comprehensive look at Plus500’s offerings, allowing traders to make a well-informed decision.

While Plus500 has many strengths, potential traders should also consider factors like trading costs (spreads), the availability of customer support, and the security measures in place. Remember, successful trading involves not just a robust strategy, but also choosing a broker that aligns with your trading needs and objectives.

In conclusion, Plus500 is a strong contender in the CFD trading space, providing an all-inclusive trading experience with a wide range of instruments, efficient customer service, and a secure trading environment.

Decent Plus500 alternative brokers list:

eToro

eToro is a social trading platform that offers a unique feature known as “CopyTrading”. This feature allows traders to copy the trades of successful traders, potentially learning and benefiting from their strategies. The platform supports a wide range of financial instruments, including stocks, ETFs, Forex, commodities, and cryptocurrencies.

• Pros:
• Advanced social trading features.
• Wide variety of trading instruments.
• Intuitive and user-friendly platform.
• Regulated by multiple financial authorities.

• Cons:
• Trading fees may be higher compared to other platforms.
• Withdrawal process can be slow.
• No phone support for customer service.

Interactive Brokers

Interactive Brokers is renowned for its advanced trading platform and wide range of tradable instruments. The broker provides access to stocks, options, futures, Forex, and bonds across 135 markets in 33 countries, making it an excellent choice for advanced traders and investors looking for international exposure.

• Pros:
• Access to global markets.
• Advanced trading platform with comprehensive research tools.
• Competitive fees for active traders.
• High-quality customer service.

• Cons:
• Complex platform may be challenging for beginners.
• Minimum account balance required for some account types.
• High fees for infrequent traders.

IG

IG is a leading global forex broker that also offers CFDs on a wide variety of financial markets. IG’s trading platform is robust and fully customizable, catering to the needs of beginner and experienced traders alike. They also provide a range of educational resources to help traders improve their skills.

• Pros:
• Extensive range of tradable instruments.
• Robust and customizable trading platform.
• High-quality educational resources.
• Regulated by multiple top-tier authorities.

• Cons:
• High fees for small trades.
• Account opening process can be slow.
• Inactivity fee charged.

TD Ameritrade

TD Ameritrade is a full-service broker that offers a wide range of investment options, including stocks, bonds, ETFs, mutual funds, options, and futures. They provide comprehensive research tools and an intuitive trading platform, making them a good choice for beginners and experienced traders alike.

• Pros:
• Wide range of investment options.
• Comprehensive research tools and educational resources.
• No minimum deposit for most account types.
• 24/7 customer service.

• Cons:
• Higher fees for some transactions.
• Platform may be overwhelming for beginners.
• Limited access to international markets.

In conclusion, while Plus500 is a robust trading platform, traders may also consider alternatives like eToro, Interactive Brokers, IG, and TD Ameritrade. Each of these brokers offers unique features and benefits that cater to different trading styles and needs. Traders should consider their individual trading goals, risk tolerance, and the specific features they value in a trading platform before making a decision.

Plus500 Q&A – popular questions with answers:

1. What kinds of financial instruments can I trade with Plus500?

Plus500 offers a wide range of financial instruments for trading. You can trade Contracts for Difference (CFDs) on the following:

• Forex: More than 70 currency pairs are available for trading.
• Stocks: Thousands of stocks from all over the globe.
• Commodities: Includes popular commodities like oil, gold, and silver.
• Indices: Major global indices are available for CFD trading.
• Cryptocurrencies: Popular cryptocurrencies such as Bitcoin and Ethereum.

2. Is there a minimum deposit requirement with Plus500?

Yes, Plus500 does have a minimum deposit requirement, but it varies depending on the payment method you choose. For example, for credit/debit cards and electronic wallets, the minimum deposit is usually around $100, while for bank transfers, it may be higher.

3. Is Plus500 safe for trading?

Yes, Plus500 is considered safe for trading. The platform uses advanced security measures like SSL encryption to ensure the safety of user data. Plus500 also keeps client funds in segregated bank accounts, separate from the company’s own funds. It’s worth noting that trader’s capital is at risk, and they may lose more than their initial deposit when trading CFDs.

4. What platforms does Plus500 offer for trading?

Plus500 offers a proprietary trading platform which you can access via the web or mobile apps. The web-based platform does not require any download or installation and is accessible through any web browser. The mobile app is available for both iOS and Android devices, offering full functionality and allowing you to trade on the go.

5. Does Plus500 charge commissions on trades?

No, Plus500 operates on a “spread only” model, meaning they do not charge a commission on trades. Instead, the broker earns from the spread, which is the difference between the buy and sell price of a trading instrument. However, there are other fees to consider, such as overnight fees and inactivity fees.

6. What educational resources does Plus500 provide?

Plus500 provides an array of educational resources to help traders at all levels. These include:

• A free demo account: This allows traders to practice their trading strategies with virtual money before risking real capital.
• Articles: Plus500 offers articles that cover various trading topics, helping traders broaden their understanding of the markets.
• Video tutorials: These visual aids can help traders understand how to use the platform and various trading concepts.
• FAQs: A comprehensive FAQ section that covers a range of topics related to the platform and trading.

7. Can I open multiple trading accounts with Plus500?

Plus500 policy usually allows one account per person. However, they may make exceptions in certain cases. It’s best to contact Plus500’s customer support for specific information related to your situation.

As a final note, it’s always essential for traders to conduct their research and understand the platform’s terms and conditions before opening an account and starting to trade.

8. How does the Plus500 demo account work?

The Plus500 demo account is an excellent feature for beginner traders, as it provides a risk-free environment to practice trading strategies and get comfortable with the platform. The demo account mirrors the real trading environment and provides users with a virtual balance. Unlike some brokers, Plus500 offers an unlimited demo account, which means you can use it for as long as you need to familiarize yourself with market dynamics and the platform.

9. What customer support options does Plus500 offer?

Plus500 is committed to providing quality customer support. They offer 24/7 support through live chat and email. Their support team is knowledgeable and quick to respond, ready to assist with any inquiries or issues you might have. However, it’s worth noting that Plus500 does not currently offer phone support.

10. How can I deposit and withdraw funds with Plus500?

Plus500 offers multiple deposit and withdrawal options for the convenience of its users. These include:

• Credit/Debit Card: You can easily deposit funds into your Plus500 account using your credit or debit card.
• Bank Transfer: If you prefer, you can also transfer funds directly from your bank account.
• E-Wallets: Plus500 supports several e-wallets, including PayPal and Skrill, for deposits and withdrawals.

Remember, Plus500 doesn’t charge any deposit or withdrawal fees, but there may be charges imposed by your payment provider. The time it takes for a withdrawal to be processed may vary depending on the method used, but Plus500 aims to process all withdrawal requests within 1-3 business days.

11. Does Plus500 offer any bonuses or promotions?

As of my knowledge cutoff in September 2021, regulatory changes mean that Plus500, like many regulated brokers, does not offer promotional bonuses on deposits or trades. It’s always best to check Plus500’s website or contact their customer service for the most current information.

12. What languages does Plus500 support?

Plus500 is a global platform and offers support for over 30 languages, including but not limited to English, Spanish, German, French, Italian, and Dutch. This makes the platform more accessible to users worldwide.

In conclusion, Plus500 aims to provide a comprehensive trading experience with a user-friendly platform, diverse trading instruments, and dedicated customer support. However, remember that CFD trading involves significant risk, and you should only trade with funds you can afford to lose.

Plus500 popular countries outside EU:

Plus500 Broker in Argentina

Plus500 has established a strong presence in Argentina, providing traders with the opportunity to trade CFDs on a wide range of financial instruments. Argentinian traders have access to local and international stocks, commodities, forex, indices, and cryptocurrencies. The platform is fully accessible in Spanish, Argentina’s official language, ensuring that Argentinian traders can navigate the platform with ease. Plus500 also supports multiple payment methods commonly used in Argentina, providing traders with convenient options for depositing and withdrawing funds.

Plus500 Broker in Brazil

In Brazil, Plus500 provides an easy-to-use platform that allows traders to trade a variety of CFDs, including but not limited to forex, commodities, indices, stocks, and cryptocurrencies. The Plus500 platform is available in Portuguese, making it accessible for Brazilian traders. The broker also supports various popular payment methods in Brazil, simplifying the process of depositing and withdrawing funds. Additionally, Brazilian traders can also take advantage of Plus500’s educational resources to enhance their trading skills and market knowledge.

Plus500 Broker in Colombia

Plus500’s presence extends to Colombia, where it provides traders with the tools to engage in CFD trading across various financial markets. Whether trading local or international stocks, forex, commodities, indices, or cryptocurrencies, Colombian traders have numerous options on the Plus500 platform. The platform is available in Spanish, catering to the local language preference. Plus500 also supports multiple payment methods that are commonly used in Colombia, providing convenience for deposits and withdrawals.

Plus500 Broker in Indonesia

In Indonesia, Plus500 offers an array of CFD trading options across diverse financial markets. Indonesian traders can trade local and global stocks, forex pairs, commodities, indices, and even cryptocurrencies. The Plus500 platform is fully accessible in Indonesian, ensuring ease of use for local traders. Additionally, Plus500 supports several payment methods popular in Indonesia, making fund transfers more convenient for its users. Plus500’s educational resources are also available to help Indonesian traders improve their trading knowledge and strategies.

Plus500 Broker in Philippines

Plus500 caters to traders in the Philippines, providing a platform for trading CFDs on various financial instruments. Filipino traders can engage in trading international and local stocks, forex, commodities, indices, and cryptocurrencies. The Plus500 platform is accessible in Filipino, ensuring local traders can navigate the platform comfortably. Plus500 supports several payment methods that are commonly used in the Philippines, offering convenience for deposits and withdrawals. Filipino traders can also leverage Plus500’s educational resources to enhance their understanding of the markets and trading strategies.

In summary, Plus500 has established its presence in various countries, including Argentina, Brazil, Colombia, Indonesia, and the Philippines, by providing a user-friendly platform that caters to local language preferences and supports commonly used local payment methods. This highlights Plus500’s commitment to offering a personalized and convenient trading experience for users worldwide.

Plus500 Broker in Argentina

Plus500 has established a strong presence in Argentina, providing traders with the opportunity to trade CFDs on a wide range of financial instruments. Argentinian traders have access to local and international stocks, commodities, forex, indices, and cryptocurrencies. The platform is fully accessible in Spanish, Argentina’s official language, ensuring that Argentinian traders can navigate the platform with ease. Plus500 also supports multiple payment methods commonly used in Argentina, providing traders with convenient options for depositing and withdrawing funds.

Plus500 Broker in Brazil

In Brazil, Plus500 provides an easy-to-use platform that allows traders to trade a variety of CFDs, including but not limited to forex, commodities, indices, stocks, and cryptocurrencies. The Plus500 platform is available in Portuguese, making it accessible for Brazilian traders. The broker also supports various popular payment methods in Brazil, simplifying the process of depositing and withdrawing funds. Additionally, Brazilian traders can also take advantage of Plus500’s educational resources to enhance their trading skills and market knowledge.

Plus500 Broker in Colombia

Plus500’s presence extends to Colombia, where it provides traders with the tools to engage in CFD trading across various financial markets. Whether trading local or international stocks, forex, commodities, indices, or cryptocurrencies, Colombian traders have numerous options on the Plus500 platform. The platform is available in Spanish, catering to the local language preference. Plus500 also supports multiple payment methods that are commonly used in Colombia, providing convenience for deposits and withdrawals.

Plus500 Broker in Indonesia

In Indonesia, Plus500 offers an array of CFD trading options across diverse financial markets. Indonesian traders can trade local and global stocks, forex pairs, commodities, indices, and even cryptocurrencies. The Plus500 platform is fully accessible in Indonesian, ensuring ease of use for local traders. Additionally, Plus500 supports several payment methods popular in Indonesia, making fund transfers more convenient for its users. Plus500’s educational resources are also available to help Indonesian traders improve their trading knowledge and strategies.

Plus500 Broker in Philippines

Plus500 caters to traders in the Philippines, providing a platform for trading CFDs on various financial instruments. Filipino traders can engage in trading international and local stocks, forex, commodities, indices, and cryptocurrencies. The Plus500 platform is accessible in Filipino, ensuring local traders can navigate the platform comfortably. Plus500 supports several payment methods that are commonly used in the Philippines, offering convenience for deposits and withdrawals. Filipino traders can also leverage Plus500’s educational resources to enhance their understanding of the markets and trading strategies.

In summary, Plus500 has established its presence in various countries, including Argentina, Brazil, Colombia, Indonesia, and the Philippines, by providing a user-friendly platform that caters to local language preferences and supports commonly used local payment methods. This highlights Plus500’s commitment to offering a personalized and convenient trading experience for users worldwide.

User add more: Plus500 broker in Thailand Plus500 broker in United Arab Emirates Plus500 broker in Vietnam Plus500 broker in Mexico ChatGPT

Plus500 Broker in Thailand

Plus500 offers its services in Thailand, providing Thai traders with access to CFD trading on a wide range of financial instruments. Whether interested in local stocks, forex, commodities, indices, or cryptocurrencies, Thai traders have a multitude of options with Plus500. The platform is accessible in Thai, catering to the language preferences of local users. Plus500 also supports several payment methods commonly used in Thailand, offering convenience for fund transfers. Traders can also benefit from the platform’s educational resources to enhance their market knowledge and trading strategies.

Plus500 Broker in United Arab Emirates

In the United Arab Emirates, Plus500 provides a robust platform for trading CFDs across diverse financial markets. UAE traders can engage in trading a variety of financial instruments, including local and global stocks, forex, commodities, indices, and cryptocurrencies. The Plus500 platform supports Arabic, making it user-friendly for local traders. The platform also supports popular payment methods in the UAE, simplifying the process of deposits and withdrawals. Plus500’s comprehensive educational resources are also available to help UAE traders enhance their understanding of the markets and improve their trading skills.

Plus500 Broker in Vietnam

Plus500 extends its services to Vietnam, offering Vietnamese traders a platform for CFD trading on an array of financial instruments. Whether interested in trading international or local stocks, forex, commodities, indices, or cryptocurrencies, Vietnamese traders can do so with Plus500. The platform is available in Vietnamese, accommodating local language preferences. Plus500 also supports several payment methods commonly used in Vietnam, offering convenience for depositing and withdrawing funds. Vietnamese traders can leverage the educational resources offered by Plus500 to deepen their trading knowledge and refine their strategies.

Plus500 Broker in Mexico

In Mexico, Plus500 provides a platform for trading CFDs across various financial markets. Mexican traders can engage in trading local and international stocks, forex pairs, commodities, indices, and cryptocurrencies. The Plus500 platform is fully accessible in Spanish, ensuring ease of use for local traders. The broker supports several popular payment methods in Mexico, making it easier for users to transfer funds. Plus500’s educational resources are also available to help Mexican traders broaden their understanding of the markets and enhance their trading strategies.

In conclusion, Plus500 has demonstrated a commitment to catering to the needs of traders worldwide, providing a user-friendly platform that supports local language preferences and popular payment methods. The platform’s presence in countries like Thailand, the United Arab Emirates, Vietnam, and Mexico, in addition to the ones previously mentioned, underscores Plus500’s aim to offer a personalized and convenient trading experience to its users globally.