We have to admit that the popular PLUS500 CFD trading platform was quite easy to test. At first glance, it is more than clear that this popular broker has made its trading platform very very easy for anyone who wants to get into the secrets of CFD trading of financial markets.
Don’t signup before you read this Plus500 review!
PROS
- User friendliness 9 / 10 (very easy to navigate through the platform)
- The platform is translated into 32 languages
- Negative balance protection
- Minimum deposit of only $100
- Possibility to trade CFDs on stocks, oil, gold and silver
CONS
- Absence of more demanding technical analys software MetaTrader 4
- No VPS server
- More expensive than the top market makers in the industry
- Not available for USA traders
Visit Plus500 now and get the best conditions!
76.4% of retail CFD accounts lose money.
Broker Details
 | |
|---|---|
| Visit broker |  76.4% of retail CFD accounts lose money. |
| Broker's Score | 7 / 10 |
| Minimum deposit | $100 |
| Max leverage | 30:1 |
| EURUSD spread from | - |
| Languages | 32 |
| Regulation | Plus500UK Ltd authorized & regulated by the FCA #509909 |
| Metatrader 4 | No |
| Copytrading | No |
| Stocks | yes CFD on stocks |
| Gold, Silver | yes CFD |
| Agriculture commodities | yes CFD |
| Stock Indices | yes CFD |
| More information | 76.4% of retail CFD accounts lose money. |
Regulation
Plus500UK Ltd authorized & regulated by the british FCA #509909)
Plus500 Demo Account
Once you sign up, you can choose between two modes. The first is real money is needed and the second is a demo account. If you choose to start with a demo account, you have up to $ 50,000 (virtual money) available, and you can use the demo account indefinitely.
What Trading Platforms Does Plus500 offer?
With regard to the business platform, you have a choice of three options:
- WebTrader – You do not have to download and install anything on your computer, you trade through your internet browser.
- Plus500 downloadable trading software that is installable on your computer
- Mobile Trading Apps for both your iPhone or Android.
Trading Instruments
Along with 50+ currency pairs (forex), you can also speculate on the rise / fall in the prices of the most popular stocks and commodities like gold, silver or oil. All transactions are executed in the form of CFD Contracts (Contracts for difference). This means that you do not buy commodities directly, but in the form of CFDs (Contracts for Difference) derivatives that allow you to earn at the price difference, but without the subsequent physical delivery of the commodity.
Depositing Money
First deposit is at the moment $100. You can deposit money into your trading account either through your credit card or through a wire transfer; you can also use your PayPal or Skrill (MoneyBookers) account or you can use several other methods. First of all we deposited money using our VISA debit card and we also tried to fund the account using the PayPal account when testing this broker. In both cases, the transfer took place immediately without any issue, and the funds were credited to our trading platform essentially immediately. In approximately 25 minutes we had the Plus500 platform ready for trading.
Money Withdrawal
We tested the withdrawal of money from the Plus500 platform back to the card , and the transfer was processed again without any problems and lasted 1 business day. However, it has to be said that in order to comply with strict FCA UK regulator guidelines, you will be asked to verify you account prior to withdrawing money. In practice it means you will have to submit a scanned ID card OR passport to proof your identity and a utility bill to as an address of residence proof (you may use electricity, mobile phone bill OR bank statement with blurred amounts).
Comparison with competition
Here is our eToro vs. Plus500 comparison
Plus500 Review Conclusion: Rating 7 out of 10
The Plus500 was excellent during our test . This broker belongs among the most popular and is regulated by the most reputable regulatory bodies in the world which will ensure that in the case of any unexpected problems you have a strong independent partner on your side.
However we think that Plus500 is not yet on par with the best CFD trading platforms like Etoro or XM.
Visit Plus500 now and get the best conditions!
76.4% of retail CFD accounts lose money.
| Risk disclaimer: Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. |