Plus500 Review 2023

Written By
Written By
Rebecca Holden
Rebecca is a freelance investment writer and broker analyst. She has evaluated dozens of brokers and trading platforms. Rebecca formerly worked in e-commerce where she helped grow the online presence of some of the UK's largest brands.
Edited By
Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of the world’s biggest banks. James also has a passion for the retail investing landscape, from finding the best trading brokers to navigating the latest market trends. He authors, edits and fact-checks content for a series of investing websites.
Fact Checked By
Fact Checked By
Tobias Robinson
Tobias is a partner at, Director of a UK limited company, and active trader. With 25+ years experience trading across a range of investment types, Tobias brings a wealth of experience to the testing and rating team. Tobias also contributes market analysis and commentary articles for websites in the financial niche.
/ 5
Plus500 is #21 in our CFD broker rankings.

Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a reliable trading platform.

- DayTrading Review Team
82% of retail CFD accounts lose money.

Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker holds multiple licenses from reputable regulators, including in the UK, Europe and Australia.


Demo Account

Beginner Friendly

Award Winning
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options
PayPal, Wire Transfer, Credit Card, Debit Card, Skrill
and 7 more

Forex Trading

Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.

Stock Trading

Plus500 provides hundreds of shares across UK, US and European markets (via Plus500Invest platform). We particularly rate the access to ESG opportunities and the emerging cannabis sector, which are not available at many alternatives.

CFD Trading

Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with variable leverage and competitive spreads.


  • Best Overall Broker 2021 -
  • Best Overall Broker 2020 -
  • Best Overall Broker 2019 -

✓ Pros

  • No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs
  • Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager
  • ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index
  • Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment
  • Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions
  • Reliable 24/7 customer support via email, telephone, live chat and WhatsApp
  • Excellent risk management tools including guaranteed stop loss orders
  • Authorized by tier-one regulators including the FCA

✗ Cons

  • No MetaTrader 4 integration
  • $10 monthly inactivity fee
  • No copy trading

Our Plus500 review includes everything from the Webtrader online trading platform, to the mobile app and fees. Whether you are looking to login and trade Bitcoin, ripple or Oil, or you just need details on the demo account and minimum deposit, we cover everything in this detailed review.

Read why you can trust reviews.

Plus500 is a leading online Contract for Difference (CFDs) trading platform that is owned by a holding company called Plus500 Ltd.

The company is listed on the Main Market of the London Stock Exchange (LON:PLUS). Operating through multiple different subsidiaries:

Making the brand synonymous with reliability and compliance.

This is largely due to the fact that Plus500 (or subsidiaries) are regulated in several different jurisdictions around the world.

In addition to being regulated around the world, Plus500 is also an active sponsor of professional Soccer and Rugby teams.

Plus500 had also launched an Invest Platform in 2021! The platform provides share dealing with over 2,700 financial instruments, FREE market data, and dedicated round-the-clock customer support. *Plus500 Invest is currently available in certain countries.

The firm were previously the official sponsor of Club Atletico de Madrid for seasons 2015-2022. They also added Legia Warsaw, Young Boys and Atalanta to their list during 2020. In 2022, the basketball giants Chicago Bulls were added to their sponsorship deals.

Regulation & Reputation

Since its inception in 2008, Plus500 has earned a reputation among traders in the online community as being reliable and trusted. Plus500 Ltd is listed on the Main Market of the London Stock Exchange, which also helps to bolster the broker’s reputation as being financially stable.

In terms of regulatory oversight, Plus500 subsidiaries are regulated by several regulatory agencies:

With subsidiaries as regulated entities under the UK’s FCA, ASIC in Australia and CySEC, Plus500 is able to work with traders from Australia, Europe and the UK. Clients can therefore take advantage of the rights and benefits of being protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation Scheme.

The company is also a licensed investment firm in Estonia under the oversight of the country’s Financial Supervision Authority (FSA). In addition, Plus500 secured a license from the Dubai Financial Services Authority (DFSA), enhancing its offering to clients in the Middle East.

For full details of the protection these schemes offer, visit the website.

Trading Platforms

Although Plus500 uses a proprietary trading platform, the trading platform (Webtrader) is able to cater to the different needs of the broker’s international clientele base, as it is available across several different versions.

This Plus 500 review included multiple versions of the platforms.

Retail and professional accounts operate on the same platform.

This creates pros and cons but with advanced research tools next to the ability to execute trades in a user friendly way the platform performs well.

The layout is clean and crisp, with clear ‘Buy’ and ‘Short’ buttons, and simple set up of stop and limit orders.

For those who wish to trade directly from the internet, there is a web-based version of the trading platform which can be accessed with any web browser. There is no integration with MT4 at present.

Up to date market information and news are available via News & Market Insights. In addition, Insights is a trend exploration driven tool – which allows users to explore predefined ‘measurements’ such as ‘most bought’, ‘most sold (shorted)’, ‘most profit making positions’, ‘most loss making positions’ etc. and get a list of the “Top 10” instruments (up to top 10) in that respective measurement – a real glimpse into the ‘wisdom of the masses’.

There is also a newer addition via the ‘Instrument +Insights Tab’ – which is an instrument-focused experience that lets users dive a bit deeper into each instrument’s data.

The key difference between the Webtrader trading platform and the platforms provided by other brokers in the industry is the fact that Plus500 trading platforms work seamlessly with each other.

Plus500 Mobile Trading Platform

Plus500 has also introduced a bespoke platform, Plus500 Invest.

Clients can buy, sell and hold more than 2,700 instruments stocks on major global exchanges in the US, UK and Germany. There are zero deposit and withdrawal fees or custody charges with this platform.

Plus500 Invest stockbroking platform

The mobile-friendly platform comes with a clean interface and with straightforward buy and sell orders.

Mobile Trading

A mobile version of the trading platform is also available to traders who wish to trade the markets using just their smartphones or mobile devices.

Provided free of charge, the mobile trading app can be downloaded directly from Google Play store or Apple App Store.

The mobile app is fully functioning, and offers all the trading options that the web based version does, including CFDs on stocks and shares. It is a single click download, and trading via the app is quick and easy.

Look and feel between mobile and web based platforms is kept the same, making transition between the two very easy.

Both Android and iOS versions retain all the same low trading fees, spreads and rates etc, and any trading portfolio is retained across all platforms.

How Does Plus500 Work?

So what is Plus500 all about, and how can you trade with them? The official guide video below, runs you through exactly how to trade on their platform.

Whether you are using the web platform, an android device or your iPhone, the process is the same.

The video explains how Plus500 works (and how CFDs work), so you can judge if they are right for you.

Remember also, that a demo account gives you the option learn how Plus500 works, without having to risk real money.

Trading Accounts

Plus500 has only provided one type of trading account, a standard trading account. The standard trading account requires a minimum deposit of $100 to open.

With this recent enhancement, existing account holders see a range of benefits. However they will be subjected to a higher minimum trade volume.

Apart from the standard trading account, Plus500 has also provided a free unlimited demo account which potential clients can use to test out the performance of the trading platform and develop a trading strategy.

Although there is only one trading account, there is provision for traders to be classed as “professional” rather than “retail” clients. The differences include increased leverage and fewer restrictions on margin.

The downside however, is that regulatory protection is reduced for ‘Pro’ accounts. Visit the website to apply, or see if you will be eligible for a professional account.

Assets & Instruments

Traders will be pleased to know that there are more than 2000 instruments to choose from using CFDs. These underlying assets include major classes such as currency pairs, cryptocurrencies (subject to regulations), commodities, ETFs, options and stocks.

Available leverage is 1:30 (higher for professional accounts). This will vary based on the market traded.

Stocks and equities can be traded whenever the relevant stock exchange is open, e.g. New York, London, Hong Kong etc.

Where available, cryptocurrency leverage is capped at 1:2 by the regulator, but assets like Bitcoin, Ripple and Litecoin are all available to trade with tight spreads. (Note that in the UK, CFDs are not available on Cryptocurrencies). Plus500 also offers CFDs on the Crypto 10 index from BITA.

When we used Plus500, we were also pleased to find shares trading on 2700 assets via Plus500Invest (available in certain countries).

In addition, the broker offers futures trading through TradeSniper/Plus500Futures where traders can dive into the futures markets hassle-free on Agricultural, Crypto futures, Metals, FX Futures, Interest rates, Energy, and Equity Index futures.

We also rate the broker’s ESG trading suite, with exclusive indices focused on emerging segments like poverty reduction, global warming, and diversity and inclusion. The broker has also teamed up with financial analytics and software company, FactSet, to offer Environmental, Social and Governance (ESG) ratings from 1 to 10 across the brand’s impact indices and stocks, helping investors to make informed trading decisions.

Customer Support

While the support service at Plus500 is available 24/7, it is only available through email, live chat or WhatsApp. So although their website is available in 32 different languages, there is no telephone support.

Deposit And Withdrawal

Available payment and withdrawal methods at Plus500 include Credit/Debit Card (Visa or MasterCard), PayPal, POLi, Trustly, Google Pay, Apple Pay, PayNow, Skrill (Moneybookers), or Bank Transfer. Any of these can be used to fund an account.

The minimum deposit is $100.

The same methods can be used for making deposits and withdrawals. To withdraw, the processing time is 3 business days. It should be noted that all withdrawal methods have a minimum amount threshold and you can only withdraw through the method that you used initially for making your deposit.

There are currently no withdrawal fees or commissions at Plus500.

Is Plus500 Best For Day Trading?

Without a doubt, Plus500 operates with a high standard of efficiency and reliability. Their digital Webtrader trading platform, is proprietary and able to perform the job of executing trades quickly. In addition, there is a wide range of assets for you to choose from to trade with at home.

As a day trader, it is important that you can execute as many trades as needed within a short time frame. With the huge asset index, you will be able to do just that, without difficulties.

In addition, the fact that you can open and close a CFD position at any time during trading hours, means you can review and amend your positions and investing portfolio however you need to.

Our Plus500 review focussed on short term trading, and Plus500 is suited to trading over this timescale, not long term.

The demo account offers the opportunity to learn the platform, backtest strategies with historical data and check the platform layout suits each trader.

Plus500 vs eToro

Plus500 versus eToro - Key Features
Broker Minimum Deposit Regulator MT4
Plus500 $100 FCA, CySEC, ASIC, DFSA, EFSA, FSA, MAS No
eToro $200 FCA Yes

Plus500 compares well to eToro, with a larger range of markets and far more research and analysis tools. eToro tends to cater to more casual traders – perhaps who’s time is limited. Copy Trading is their big feature – but they do offer fractionally smaller spreads (trading costs).

Plus500 however, delivers a superior service for more involved traders, and also has a lower minimum deposit and more advanced trading platform.

Plus500 vs eToro - Spreads and Trading Costs
Plus500 Dynamic Dynamic Dynamic
eToro 1 pt (var) 5 pts 3 pips (var)

You can see a more detailed comparison on our dedicated page: Plus500 vs eToro


Best Overall Broker 2020
Best Overall Broker 2020
Best Trading App 2019
Best Trading App

Accepted Countries

Based on local restrictions, Plus500 is not available for citizens of – to mention a few – Belgium, Iran, Canada, Zimbabwe, Nigeria, Cote D’Ivoire, Cameroon, Thailand, India, Indonesia, Brazil, Egypt, Pakistan, France, Cayman Islands, Philippines. Check with the Customer Support if you are allowed to trade on their platform.

Payment Methods

Plus500 Details

Minimum Trade Variable
Islamic Account No
Mobile Apps iOS, Android and Windows
Margin Trading Yes
Volatility Index Yes
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker Yes
Social Trading No
Inactivity Fee $10
Guaranteed Stop Loss Yes
Stock Exchanges
  • Australian Securities Exchange
  • Borsa Italiana
  • Deutsche Boerse
  • Euronext
  • London Stock Exchange
  • SIX Swiss Exchange
  • Aluminium
  • Cannabis
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Lithium
  • Livestock
  • Oil
  • Platinum
  • Silver
  • Soybeans
  • Steel
  • Sugar

CFD Trading Details

FTSE Spread 1.8
GBPUSD Spread 1.1
Oil Spread 0.04
Stocks Spread 0.08
Leverage 1:30

Forex Trading Details

GBPUSD Spread 1.1
EURUSD Spread 0.6
EURGBP Spread 1.4
Assets 70+

Compare Plus500

Compare Plus500 with similar brokers that accept traders from your location. Among available brokers these are the most similar to Plus500:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

Plus500 Comparison Table

Compare Plus500 With Similar Brokers
Plus500 IG Group Just2Trade Kwakol Markets
Rating 4.1 4.4 3.5 4.5
Markets CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $1
Minimum Trade Variable 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education Yes Yes No No
Platforms Own MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 12 6 20 4
Visit Visit Visit Visit
Review Plus500
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by Plus500 and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Plus500 Trading Instruments
Plus500 IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes Yes Yes
Corn Yes No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options Yes Yes Yes No
ETFs Yes Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index Yes Yes No No

Plus500 vs Other Brokers

Compare Plus500 with any other broker by selecting the other broker below.

Plus500 vs

The most popular Plus500 comparisons:

  1. Plus500 vs eToro
  2. Plus500 vs IG Group
  3. Degiro vs Plus500
  4. Plus500 vs CMC Markets
  5. Plus500 vs
  6. Plus500 vs Pepperstone


What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement is $100.

How fast can my withdrawal request be processed?

The typical processing time for a withdrawal request ranges from one business day to three business days.

Is Plus500 a reliable broker?

Yes. They have been operational since 2008 and subsidiaries are regulated in several countries around the world including the UK, Singapore and Australia.

What kind of trading platform does Plus500 have?

The company uses a proprietary trading platform to provide their traders with access to the financial markets.

What is the maximum leverage available at Plus500?

The maximum leverage offered by Plus500 in the EU, Australia and UK is 1:30 as per regulatory guidelines. Leverage varies by asset.

How does plus500 make money?

One regular question is “does plus500 charge a trading fee?” or “how do Plus500 make money”. Both are related.

There is no direct fee for making a trade. Plus500 make their money via the spread (the difference between the price to buy and the price to sell). This difference is enough to make Plus500 a small amount on every single trade.

How to use the Plus500 App

The app is available direct from Plus500, or from the android app store, or iStore.

The app is simple and intuitive. It is laid out in a way that makes it straight forward to search and find the market you want to trade, and then place an order to either buy or sell.

All the features of the full platform are available on the app, though screen size is obviously reduced, so research and technical analysis is more of a challenge.

But in terms of how to use the app, or how to trade on it, it is the same as the full platform. Find your asset, select or set the investment size, check the figures and hit buy or sell. Trades can be amended if you need to alter stop loss levels or price alerts etc.


Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker holds multiple licenses from reputable regulators, including in the UK, Europe and Australia.
82% of retail CFD accounts lose money.