Plus500 Review 2020

Overall rating

Overall rating

7.7

/10

Plus500 Review 2020
Davis J.
Robertson A.
September 2020
Analysis of the Main Features of the Forex Broker

7.7

Overall rating

7.7

/10

Execution of orders

7.6

/10

Investment instruments

7.5

/10

Withdrawal speed

7.7

/10

Customer Support work

7.8

/10

Variety of instruments

7.9

/10

Trading platform

19

Position
in rating

7.7

/10

Overall rating

Trading terminals:

WebTrader
19

Position in rating

7.7/10
Overall rating

Trading terminals:

WebTrader

Summary of Plus500 Trading Company

Plus500 broker is owned by Plus500UK Ltd, a UK registered company with headquarters in London. The company is regulated by the FCA (UK Financial Conduct Authority). Plus500.com has been an active trading platform since 2008, where traders can trade more than two thousand financial assets. The broker provides its services in Asia and Europe, being also one of the fastest-growing companies that make it possible to trade CFD (contract for differences) contracts.

Attention!

Traders Union works only with Plus500.com clients who opened an account with a broker using the Traders Union referral link.

👍 Advantages of trading with Plus500:

  • a large number of trading assets;
  • the ability to choose the language of the site (the interface is presented in 31 languages);
  • the ability to trade from mobile devices.

👎 Disadvantages of Plus500:

  • the site does not contain comprehensive information that a trader needs to know about trading conditions;
  • the trading platform freezes periodically;
  • there are problems with the withdrawal of funds;
  • the broker does not cooperate with traders from Ukraine, the USA, and several other countries;
  • a ban on scalping, order hedging, and automated trading.

Overall

Broker Plus500.com focuses on cooperation with traders who do not use robots in their work but prefer independent Forex trading.

Visit Plus500

Plus500 Latest Comments for 2020

13
0
2

The reviews by customers of the Plus500 indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Plus500 published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

Plus500 is a simulacrum of a real broker. It allows you to work with the USA, Europe, and Asia’s stock exchanges. The broker has established cooperation with the largest international banks. The platform is patented. Its functionality is constantly being improved and expanded without changing the convenient and intuitive interface. The broker's CFD trading app holds high ratings on Google Play and the Apple App Store. The quality of trading largely depends on the terms of trade that the company designates and whether it has a license to provide brokerage services. I was highly impressed by this broker.

Plus500 offers modern technological solutions that meet the needs of a professional trader but is ideal for beginners, too. The company supports all popular trading terminals, allowing the trader to independently choose the most convenient one for his work. It enthralled me. The company has various convenient tariffs for its clients. As part of the tariffs, the broker provides regular analytical support, trading recommendations from analysts, and analytical information. I will bear with this broker and see what fate has in store for me.

The broker provides clients with the opportunity to try the functionality of the service using a demo account. The Plus500 demo account allowed me to hone my skills and test the waters. The trading terminal has all the popular functionality. The only difference is that trading is carried out using virtual funds, which means that the client does not risk anything at all. I freaking adore the broker’s mobile application. It has a modern and user-friendly interface on my iPhone. Both iOS and Android versions are available.

Plus500 offers different ways to deposit and withdraw funds from the platform. I like the variety of payment systems. To replenish a deposit and start real trading, you need to register and deposit the required amount and choose a convenient way to transfer funds. The enrollment procedure is free. Withdrawals are subject to a small commission. It was a hassle-free process to withdraw my earnings. Usually, it takes 2-3 business days.

Plus500 provides a quality service for trading and investment. The work takes place in several functional terminals; I could choose any of them depending on experience and goals. The presence of its terminal and convenient trading programs indicates the company's serious intentions and its readiness to invest in quality service. The history of transactions, detailed analytics, etc., are available in the personal account. It has been in the big league for a long time, which guarantees the safety of work with a broker.

Broker Plus500 is quite successful in the Forex market. The company pays attention to innovative service, quality of work, and professionalism of its employees. The broker is reliable and builds strong relationships with investors. Working with a company, a trader gets ample opportunities for trading, such as many convenient terminals and unique trading programs, a large list of assets, training programs, and analytics, which are presumably designed to make work comfortable and productive.

This broker provides access to real financial markets, quotes from liquidity providers, which it can’t influence. I was able to hone my skills or learn Forex trading in practice since Plus500 has a demo account. For this purpose, an MetaTrader 4 training terminal is provided. There is no time limit, and if you feel that you are ready for real trading, the trading account is connected to the same account. To gain access to demo versions of the account and platform, I registered on the website.

2 3 >

Expert Review of Plus500

Broker Plus500 is a partner of Traders Union and has proved its reliability during the cooperation. The trading conditions of the company are designed for a wide audience since the broker is focused on cooperation both with newcomers to the Foreign Exchange Market and with its professional participants. The broker specializes in providing services for active trading. I can point out a wide range of financial assets offered for trading.

Plus500 maintains a conservative outlook on trading and provides optimal conditions for those traders whose trading strategy excludes the use of automated trading systems. Also, users should not resort to scalping or hedging. The complaints about Plus500.com focus mainly on withdrawal problems and slow responses from support.

The company's website is intuitive, but the broker does not provide all the information that is important for a trader, for example, there is no accurate data on trading conditions and additional services.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

7.7

Overall rating

7.7

/10

Execution of orders

7.6

/10

Investment instruments

7.5

/10

Withdrawal speed

7.7

/10

Customer Support work

7.8

/10

Variety of instruments

7.9

/10

Trading platform

Dynamics of the Popularity of Plus500
in 2019 among the Users of the Traders Union

Dynamics of the Popularity of Plus500 in 2019 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

Plus500 is focused on working with clients who prefer active trading. Plus500 does not provide the possibility of passive earnings, using copy services and other investment programs. To receive passive income, a trader can become a member of the affiliate program that the company provides to all its clients.

Plus500 affiliate program

  • Plus500 Affiliates. An affiliate partner earns from $200 to $800 for a referred client who opened a trading account and started trading. The amount of remuneration varies depending on the partner's country of residence.

  • Another option for making money is attracting customers through a referral program. For each of them, the partner is entitled to a remuneration of 10% of the commission that the referred partner earned during the month.

The essence of the referral program is to advertise the broker's services on various Internet sites. The broker provides partners with all the tools necessary for this: banner ads, widgets, a list of landing pages. For each attracted client who started active trading, the partner is paid a financial reward.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Rebate and Discount Programs of the Traders Union for Plus500

Traders who opened an account with a broker through the Traders Union referral link receive an additional bonus in the form of a rebate for active trading, i.e., a return of a part of the spread paid to the broker for opening trades. Only those clients who open a Plus500 trading account through Traders Union are entitled to the rebates.

Try it!  You’ll like this!

Trading Conditions for Plus500 Users

The broker Plus500.com website contains information about the trading instruments that it provides, as well as data on the activities of the company itself. There is no comprehensive information about trading conditions on the company's website; there is no specific data on trading conditions in the FAQs section either.

from $1

Minimum
deposit

Up to 1:300

Leverage

24/7

Support

WebTrader
Trading platform: WebTrader, Windows 10 Trader, Plus500, Android App
Accounts: Real, demo
Account currency: No
Replenishment/Withdrawal: Bank card, PayPal, Skrill, iDeal, bpay, klarna, giropay, trustly, MyBank, przelewy, multibanco, bank transfer
Minimum deposit: from $1
Leverage: Up to 1:300
PAMM-accounts: No
Min Order: No
Spread: Floating
Instruments: Currency pairs, CFDs on commodities, metals, stocks, indices, cryptocurrencies, options and ETFs
Margin call/Stop Out: No
Liquidity provider: No
Mobile trading: Yes
Affiliate program: Yes
Orders execution: No
Trading features: Automatic trading, hedging and scalping are prohibited
Contests and bonuses: None

Comparison of Plus500 with other Brokers

Plus500 FxPro Admiral Markets UK XM Group AvaTrade
Trading
platform
Mobile, Web, Desktop MT4, MobileTrading, MT5, cTrader MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MT5, MobileTrading MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $100 $100 $200 $5 $100
Leverage From 1:1
to 1:300
From 1:1
to 1:500
From 1:25
to 1:500
From 1:1
to 1:888
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0 points From 1 point From 0 points From 1 point From 0 points
Level of margin call
/ stop out
100%  /  30% 25%  /  20% 100%  /  30% 50%  /  20% 25%  /  10%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No No No $30 No
Cent accounts No No No Yes Yes

Broker comparison table of trading instruments

Plus500 FxPro Admiral Markets UK XM Group AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto Yes No Yes No Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock No No Yes Yes Yes
ETF Yes No Yes No No
Options No No No No No

Plus500 Commissions & Fees

Information

Trading conditions at Plus500.com have been analyzed by experts at Traders Union for explicit and implicit fees. There are no hidden trading fees, and commissions set by payment systems may be charged for the replenishment of a trading account or withdrawing earnings from traders. The broker itself sets a commission for currency conversion for all orders if the currency differs from the one in which the client opened the account. Also, the client pays the company $10 every three months if during this period he has not logged into his trading account.

Account type Spread (minimum value) Withdrawal commission
Real 0.8 pips Depending on the payment system

There is no commission for transferring positions to the next day (swaps). However, the broker has rules on the trading fee for keeping an order open until a certain time.

Broker Average commission Level
Plus500 $8 Medium
FxPro $13.2 High
Admiral Markets UK $5 Low
Plus500
$8
FxPro
$13.2
Admiral Markets UK
$5
Conclusion

Plus500 sets average spreads for its clients, which can be further reduced through cooperation with a broker through Traders Union.

Detailed Review of Plus500

Plus500 started in 2008 and provides its services to traders from various countries of Asia and Europe. Among the broker's priorities are the use of innovative technologies and a wide range of services offered, as well as increasing the client base through active marketing. The broker Plus500.com is one of the leading CFD providers in the European and Asian markets.

A few figures about Plus500 that will be of interest to traders choosing a broker:

  • 12 years of experience in the financial market;

  • 1 million open accounts;

  • 2,000 trading instruments.

Plus500 is a broker providing services for active trading

Plus500 is a broker that combines the use of the latest technologies and a conservative view of trading, which presupposes exclusively independent trading, without the use of trading robots and programs. The company has two types of accounts, one of which is real, and the other is a demo. The broker's website contains information about all trading assets, as well as about the real change in their prices, which allows traders to track the market situation.

To trade, traders do not need to install various programs on their personal computers. The trading terminal is available in web format and as a mobile application. There is also a Windows 10 Trader platform.

Useful Plus500 Services:

  • economic calendar. Allows traders not only to trade in real time, but also plan trades based on information about upcoming market events;

  • risk management. Allows the user to set the required stop-loss and stop-limit levels;

  • notifications. Notifies traders about prices, changes in percentages per day or hour, as well as show the ratio of sellers to buyers using messages by email, phone, or online messages.

Advantages:

1

availability of a web platform and a mobile application; for comfortable trading, a trader can use any device connected to the network;

2

a wide range of trading instruments;

3

availability of a license and a regulatory body;

4

client capitals are kept in separate accounts, which the company cannot dispose of;

5

free activation of notifications about price changes or news on the market;

6

negative balance protection.

At the same time, the Plus500.com broker sets trading limits, according to which a trader cannot use a short-term trading strategy (scalping), automated programs for making transactions, and open opposite positions to minimize possible losses.

How to Start Making Profits — Guide for Traders

Plus500 has only one type of live account that suits both novice traders and professionals. The broker also offers a demo account that allows you to test trading conditions without financial risks.

Account Type
Description
real
The account is designed for traders with any level of experience and allows the user to trade on the real market with many different assets.

To understand how the Plus500.com broker suits you in terms of trading conditions, we recommend using a virtual account, which completely repeats the conditions of a real trading account.

Plus500 is a company aimed at cooperation with traders who prefer active trading and do not use automated systems in their strategies.

Bonuses Paid by the Broker

Work at Plus500.com does not provide for the accrual of bonus funds for deposits or trading. The broker also does not hold contests and tournaments for its clients, which is a disadvantage for traders who have recently started their journey.

Bonus from Traders Union.

An additional bonus in the form of a return from a part of the spread (rebate) can be received by clients who have opened a trading account with a broker through Traders Union. To do this, just go to the Plus500 website using the Traders Union referral link, open a trading account, and start making transactions.

Investment Education Online

Information

Plus500.com does not provide its clients with educational materials that contribute to the development in the field of trading. Tools that help traders to analyze the market situation and keep abreast of Forex news are also not available.

Information available in the Analysis and Education section
Unavailable information at Plus500 site
Broker does not provide training materials
Tutorial Articles
 
Educational videos
 
Training courses

To get an idea of the broker without financial risks, we recommend using a demo account.

Security (Protection for Investors)

Information

The Plus500 brokerage is licensed and regulated by the UK Financial Conduct Authority (FCA). The protection of client funds is guaranteed by the use of separate, segregated accounts in which these funds are located.

FCA is the body that regulates the activities of all companies registered in the UK. Issuance of a license is possible only if the broker complies with all the requirements of the regulator, including an independent annual audit.

👍 Advantages

  • Customer funds are held in segregated accounts
  • Availability of license and regulation

👎 Disadvantages

  • The regulator does not accept small claims from private clients.

Options and Fees

  • To withdraw funds, a trader must apply for a personal account. The broker reserves the right to set limits on the number and size of payments to clients depending on their country of residence. The withdrawal fee depends on the payment system used by the trader.

  • To deposit and withdraw money to a trading account, you can use Visa / MasterCard, PayPal, Skrill, iDeal, bpay, klarna, giropay, trustly, MyBank, przelewy, multibanco, or bank transfer.

  • The broker does not provide data on the timing of the withdrawal of funds using various systems.

  • There is no information on the currencies in which traders can replenish their deposits and withdraw funds.

  • To transfer funds to a trading account or personal account of a client, it is mandatory to go through the verification procedure.

Customer Support Service

Information

To solve questions and problems that arose during the work, a trader can contact the round-the-clock support service.

👍 Advantages

  • You can ask for help at any time of the day

👎 Disadvantages

  • Company employees do not always respond promptly
  • Few communication methods

To contact Customer support, the following methods are available:

  • online chat on the broker's website;

  • feedback form.

Contacts

Registration address Plus500UK Limited (T.N. Plus500). Legal address. 45, Moorfields, London EC2Y 9AE.

Review of the Personal Cabinet of Plus500

To become a client of Plus500.com and get profit from trading, you need to follow a few simple steps:

1

Open the Traders Union website, go through a short registration, and open a trading account with Plus500 through the Union's website (using the referral link).

Plus500 Review - Official Website
Plus500 Review - Official Website
Plus500 Review - Official Website
2

Create a personal account on the broker's website, for which the user will need to provide an email address and enter a password. You can also use accounts in other systems such as Google, Facebook, or Apple to register.

Plus500 Review - Registration
Plus500 Review - Registration

After creating an account, the trader can access his personal account, where the following functions are available to him:

  • opening a real or demo trading account;

  • personal profile settings (includes personal data);

  • making a deposit and withdrawing funds;

  • uploading documents required for account verification;

  • contact support.

Tags:

Plus500 plus 500 plus500 ltd plus500 usa plus500 online trading

The Oldest Reviews of the Plus500

The reviews by customers of the Plus500 indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Plus500 published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

This broker is one of the big tickets and offers traders, both beginners and professional market players, a user-friendly trading platform, favorable rates, and innovative services. The site is simple and straightforward for both novice traders and professionals like me. For beginners, a considerable amount of training materials is provided. In general, the client will need no more than 15-20 minutes after registration to understand the main functionality of the site. For trading, the company offers profitable trading strategies and investment ideas. An important aspect of trading is the platform, which is why the broker provides traders with MetaTrader 4. To allow inexperienced customers to try their hand, a demo account is available. I started to test the waters using a demo account and was overjoyed. The demo account retains all the provided functionality of the project. The only difference is that trading is carried out using virtual currency, which means that the user does not ris

Four years ago I started to make the baby steps in the Forex market. Plus500 is one of the few stable working brokers. Yes, of course, there are commissions and margins. My advice to beginners from an experienced trader is that you don't have to jump through accounts in Plus500, choose carefully. Do not be too sluggish to read all the conditions — yes, yes, thoroughly! — before opening anything. Then you won't have to pay extra commissions. Special thanks for the mobile trading app and analytics. I am in seventh heaven that there are specialists who work like real aces. I also monitored other brokers, but no one else offers such conditions. I also like that it is possible to use a mobile application. It helped me out more than once when it was not possible to control the transaction through a computer. From my own experience, I can say that the company is legit and a big shot in the business. I have never had any problems with withdrawals.

Plus500 firmly holds a leading position among competitors, offering its user all the variety of opportunities for comfortable trading: a unique service, favorable conditions, high-quality analytics and training materials, professional technical support, a large number of tools, assets, etc. Also, the company is one of the high-tech brokers, offering clients modern opportunities to work not only in the stock market but also in other markets. I'm dead sure that Plus500 will continue to maintain a strong leadership position, offering further profitable opportunities and unique services to its user. The broker has been legit and reliable for many years. I’ve had an amazing roller-coaster ride with this broker, my trading journey began more than 4 years ago.

I’ve traded here for 3 years and it was smooth sailing. Plus500 is one of the leading and fastest-growing brokers in the Forex market. The broker provided me with profitable trading and a large set of tools, access to the largest international exchanges, a low entry threshold for trading stocks, low commissions and spreads, etc. They have an excellent professional support team and an informative website with quality analytics and tutorials. All this indicates the broker’s serious intentions. Plus500 carefully thinks over the service and the possibilities for a full-fledged trading process.

The ability to trade on a demo account is especially crucial when you are a newbie like I was two years ago. You can trade on your demo account and hone your skills. This will allow you not only to explore the trading program but also to feel more confident in the market when opening a real account. In addition to the demo account, the brokerage organization offers its players various mobile applications as a functional addition to the platform version on the computer. I was lucky to test this trading app on my Samsung Galaxy. By downloading the application to my smartphone, I was able to enjoy a number of its advantages: round-the-clock access to world exchanges, trading in any convenient place and at any time with a stable Internet. It has an impressive set of options for such a program, its convenience, trading mobility, lack of being chained to a computer, etc.

I’ve had a blast trading on this platform. It was the best experience of my life. The company pays special attention to the development of new services for clients, supervises the creation of versions of trading programs, preparation of analytical materials. I chose the top-notch terminal for trading - MetaTrader 4. As a popular program among traders, MT4 offers advanced capabilities for asset analytics and comfortable trading in the stock market. It has everything you need to work confidently in the market: indicators, charting tools, different charts, asset selection, trading signals, robots, trading by any method, etc.

In general, Plus500 is one of the best brokers in the business. I’ve traded here happily. There were Loyalty bonuses at the start, fixed fees, clarity and simplicity of trading conditions, convenient and accessible interface, and user-friendly interface. However, they can’t boast about their bonus program. So far, in my subjective opinion, they focus only on real trading sharks.

Author of this Review

Plus500 broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Plus500 rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Plus500 you need to go to the broker's profile.

How to leave a review about Plus500 on the Traders Union website?

To leave a review about Plus500, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Plus500 on a non-Traders Union client?

Anyone can leave feedback about Plus500 on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Plus500 through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.