![]() Plus500
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Website | Rating | Popularity | Min Deposit | Regulator | EUR/USD spread | ||||||||||||||
Plus500 |
12%
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$100
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CYSEC, FCA, ASIC
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0.8
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Rate Plus500
Plus500 broker review
Selecting your first financial trading brokerage is pretty much similar to choosing your first car. While we all want to drive a certain high end brand like a Lexus or Mercedes, it is obvious that getting such a ride as your first one will not be the smartest move. Today we are going to take a look at the Plus500 brokerage, a Volkswagen in the world of trading.
Plus500 license & regulations
Firstly, you always want to settle for a brand you can trust. All of the bells and whistles are not really important as long as you know that the thing can be trusted. This is where plus500 excels. This brokerage holds EU license from the Cyprus Securities and Exchange Commission (CySEC) though Plus500AU Pty Ltd. Its UK license issued by the Financial Conduct Authority to Plus500 Ltd, and Plus500CY Ltd is regulated by the Australian Securities and Investments Commission.
Similar to 1987’s VW Golf advertisement that said – “If only everything in life was as reliable as Volkswagen”, Plus500 is a brokerage you can count on.
How fast can you get from 0 to 100?
Plus500 gives you access to online trading via its tailor-made platform. It comes as a web application, hence you do not need to download any software to get started. Simply register an account and you are ready to go, no matter what operating system you use.
Unlike most of the brokers that provide MetaTrader 4 and require you to install a Windows-friendly software, with Plus500 you can get started in no time.
This is also a great feature for the MacOS users, as most of the CFD trading platforms are nearly impossible to install on this operating system.
Is it fully loaded?
Plus500 is a brand that gives you all of the moderate options. It does provide some convenience, yet you should not expect anything luxurious. This brokerage provides some basic charting features:
- 10 time-frames
- 7 chart types
- A handful of various technical indicators
- Ability to save the charting template
- Basic zoom options
You will not be able to try out algo-trading, access market depth, or even get 1-click trading option, yet Plus500 does have all of the basics.
What’s under the hood?
Now we are coming to the main dish. Plus500’s slogan is “The World’s Trading Machine” and, in fact, it is truly a beast when it comes to available trading assets.
Plus500 is a broker that enables access to all type of the financial markets though its wide offer of available CFDs.
If you are into commodity trading, you choose from any possible metal.
- Gold
- Silver
- Platinum
- Palladium
- Copper
You can also get your hands on the whole list of the soft commodities:
- Sugar
- Cocoa
- Wheat
- Soybeans
- Corn
- Cotton
Energies are also available:
- Heating Oil
- Brent Oil
- WTI Oil
- Natural Gas
- Gasoline
One of the best things about Plus500 is that it was one of the first brokers to integrate crypto trading, and so far it has been doing the best job in terms of the variety of various coins.
- Bitcoin
- Bitcoin Cash
- Bitcoin Gold
- Ethereum
- Ethereum Classic
- Ripple
- NEO
- Litecoin
- Monero
- DASH
- IOTA
- Zcash
The variety of the crypto currencies offered by Plus500 is certainly hard to beat.
Next to this, Plus500 offers the most popular Indices (like S&P500), and a few local that are really hard to find elsewhere (Danish C25). Same goes for the currency pairs, Plus500 offers all of the majors, minors, commodity pairs, and quite many exotic ones too. Finally, major stocks and some ETFs can be traded with this broker too.
Plus500 has got a great setup under its hood, a true beast.
Services and Maintenance
Even though Plus500 is a reliable brokerage and offers some great set of the available assets, sometimes things go wrong or simply work not as expected. Plus500 takes quite a different approach here when compared to the other brokers.
With this brokerage you can find the answer on your own, and this is done quite easily. There is an extensive database of the most common questions and answers, which is really easy to navigate. In case you were not able to find an answer, there is a contact form – the support relies very fast! However, you will not be able to get access to the Live Chat. Well, you would not expect park assistance in your VW Polo, would you?
How economic is it?
Plus500 is just an average when it comes to your wallet. It won’t save your money like Tesla. Neither it will suck your wallet dry like Mercedes G-Class.
A typical spread on EUR/USD is anywhere between 0.5 and 1 pip. When it comes to other assets, the costs of trading are rather average too.
Rounding it up
Plus500 is a great brokerage for those who do not ask for a lot, yet want to start quickly. Its web interface and a small scope of the useful features gets you started in no time. This broker does not give you headache, you know that its regulation can be trusted. However, you will not be able to try out trading robots and other advanced features. On a flipside, you can trade nearly any asset you can think of.
User friendly
Excelente
Good
Very good
Nice
Ok
Good
Good
Hi, I have just read this review on Plus500. I have been with Learn To Ttade for almost a year now and am looking for a broker to trade with, obviously my frastration was where to start, how to choose from the available ones & what would be the criteria. reviews like these I find them helpful. Is it possible to have most recognized ones along each for comparison purpose??
Hi there Mandla,
Finding a good broker is not an easy task.
That’s the whole idea of our broker listing. It’s not us who rate the brokers. The ranking is provided by traders like you.
At the moment it seems like CMtrading and 24option are taking the first spots.
Good broker
The best app
Love it
🙂
…
Amazing
Top quality service
does what it says on the tin
Good
Focus and don’t give up
This is the right broker I have never seen
It
Good
So super
No
Excellent
Great!
Good broker
More accuracy needed
I love this broker
Good
For South african traders this is the great broker
Great platform
The best broker at this stage with a user friendly trading platform *****
Is good
Great one
trusted
Not sure yet
I trust on you
Easy to understand
Good trade platform
Awsome love it
Goid app..i feel margins are set too high on forex trades
good app
The best broker i shavevtrsded with
Ok
Ok
The displays too stuffy
It’s excellent
Good
It fine broker
Big up to goforex app
Best broker
This is a great application
Amazing
The best
Good
Dit help baie!
It quite good to use plus500
Good app
Good
Muy buen broker
Simple to use
Good
No loss
it WAS the worst
Bery good
Very good
Great app
good
Ok
Excellent service
Good broker
OK
Good
Not bad forex
Good
Cool
Ok
Super!
They are fine
Thanks
Its a good platform but the problem is that after you deposited the increase their margins
Perfect
Good broker
Ive been trading with this broker for nearly four months. Even though im still running lose but is a grdate app.
Great
Good
Stable app
Fully functional app. No problems yet
It ok
Lovely
The best
Very profesional
Good
Very good
so far so good
Good
Decent approved broker
Best
Easy to use
Excellent
All good
Happy with it
Good
Good
Pays out quickly
K
It’s very good. They give you tips and market news
Great app
It’s good
Good
Great
I’m a Newby and it’s fairly simple to understand
Yh
Mmm so difficult
Excellent
Good
Good
Good
My broker is fantastic I thank him for the job well done
Very good
Is ok
Good for me
It’s a very good broker for 1st time traders
Great broker
Super
500 AED . I not mean it is the best but this is what i use
Minimum deposits is R15000
1£ мин
5 star
Min deposit it’s 1500
Min deposit 1500
Min deposit is 100$ but min price to open positions is avarage around 25$, kinda high. Also no signals. But very good spreads!
It’s one of the best and trusted
Good to trade with
Good
Min deposit is abit pricey but all other aspects are great.Easy to use interface and updates are quick
Good spreads
Good company
Beaut broker I’ve used so far!
Its the best
Great
Very easy to use platform
Platform is the easiest to use.
Min deposit 1200kr, spread 0,0006. Good broker
i am trading with plus 500, the best platform
Long withdrawal time, to big lot size
It is a very easy platform , yet efficient
1000 deposit
Very good
Easy to use
3000
Easy to use and reliable
100£
Customer support is fast
Eccezionali
It’s so good!!
Good
Broker highly recommended
perfect
User friendly
Nice platform.
The broker uses local currency and it makes it for money management, the support is also good.
Very good and smashing deals
Platform is easy to use
Easy deposit
Great
Great
Havnt traded yet wats with the rating cramping my style
Fantastic started with a free $25 and earnt alot this is amazing withdrawal is a breeze too love it
I thinks the the broke is good since I’m in South Africa it allows me to use Rand
Trading and support platform is excellent
Awesome app
Nope
Good Platform
Good
Good
It’s good
100
The best
The broker is reliable
Yet to deposit
Their service is go
It’s easy and simple to use
Great
500
The best trading app
one of the best brokers
Min Dep: $100
Easy to trade
Help desk
Minimum deposits 250 us dollars also rates in rands
It is Nice
Fabulous, what a blog it is! This website provides useful facts
to us, keep it up.
Registration was simple and easy
So easy to understand, and their software is fast easy t deposit and to withdraw
I have an issue with leverage
Very friendly user interface. Supportive customer care, can’t complain
$10. Deposit
50 withdrawal
Plus500 were fine until they decided to reduce my leverage to 1:2 unless I upgrade to a professional account, for which they require 12 months experience in the financial sector. I will therefore leave hem as soon as I have found a better broker
Very good broker
Min deposit R1500 , spreads, 3days withdrawalclea
It is a good broker
withdraw is nice
Min deposit 100usd
Good
Great platform and supports most currencies
Plus500 knows their job
The app its simple
What is minimum diposit in order to start trading?
Plus 500 is great, Ive been using it to practice trading for some time The spreads are good the plat form is easy to use and converts prices dispayed into south african currency