Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Plus500 Pros & Cons
- Regulated in 10 countries, offering multi-jurisdictional licensing
- Advanced browser and mobile trading platforms
- Transparent fee structure, including clear spreads and additional charges
- Trading conditions automatically adapt to local regulatory requirements
- Educational materials, free analytics, and demo accounts available
- Customizable alerts through the platform and external communication channels
- No Micro or Cent account types, limiting low-risk entry options
- The Plus500 platform does not support automated trading
- Certain widely used trader strategies are restricted
Plus500 is an international fintech holding that offers CFD and options trading worldwide through its network of branches, as well as futures trading in the U.S. The company was established in 2008 in the Israel. It is regulated by the FCA, as well as by 9 financial supervisory authorities in other countries, such as CySEC (Cyprus), ASIC (Australia), MAS (Singapore), FSCA (South Africa), among others. Plus500 is listed on the London Stock Exchange (ticker: PLUS) and is part of the companies that make up the FTSE 250 stock index. Plus500 is a reliable intermediary for accessing financial markets, used by over 25 million traders worldwide.
TU Expert Verdict
Plus500 is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Plus500 have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Plus500 with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Plus500’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Plus500 Standard spreads Plus500 OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.9 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.0 0.5 1.4 Does Plus500 support RAW/ECN accounts?
As we discovered, Plus500 does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Plus500. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Plus500 Non-Trading Fees Plus500 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 15 -
Is Plus500 Safe?
We checked the Plus500 officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Plus500 has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 18 years
- Strict requirements and extensive documentation to open an account
Plus500 Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1
DFSA Full Name Dubai Financial Services Authority Country of regulation Dubai Investor Protection Fund No specific fund Regulation Level Tier-2 MAS
Full Name Monetary Authority of Singapore Country of regulation Singapore Investor Protection Fund No specific fund Regulation Level Tier-1 FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 FMA NZ
Full Name Financial Markets Authority of New Zealand Country of regulation New Zealand Investor Protection Fund No specific fund Regulation Level Tier-2
SCB Full Name Securities Commission of The Bahamas Country of regulation Bahamas Investor Protection Fund No specific fund Regulation Level Tier-2 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Plus500 Security Factors Foundation date 2008 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.1 /10Plus500 offers the following account options: Demo, Standard.
Plus500 covers the core account types, making it convenient for traders with different preferences and strategies.
- Demo account
- Standard account with balanced trading conditions
- Low minimum deposit
- Micro lots are not available
- No ECN/Raw spread account
Plus500 account types vs top competitors Plus500 Trading.com OANDA Standard YesYesYesECN/Raw spread NoNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoPlus500 accounts trading conditions
Plus500 does not offer a choice of account types. Additionally, the company does not encourage the opening of additional accounts (for example, in another currency), so most of its clients have one main account. However, it's possible to request the opening account — Plus500 allows this action in some cases. In this scenario, the accounts will work autonomously, and the transfer of funds between the main and additional accounts will not be available. How to delete a Plus500 account.
Account Types:
Account Type Description User the only type of account designed for trading CFDs using either personal funds or leverage. Traders cannot deposit less than the amount required by the chosen payment system. For example, for bank cards, the minimum deposit amount is $100. If the regulator of the division classifies clients into Retail and Professional, during registration, the trader will have to take a test on market knowledge and confirm their trading experience. For professional clients, the broker opens User Pro accounts with narrower spreads and higher leverage. Please note that professional accounts do not have ICF protection. In addition to the user account, Plus500 platforms also offer the option to create a demo account. It is designed for trading with virtual funds. Demo accounts have no expiration date, and when the balance reaches EUR 200, the deposit is automatically replenished.
While Plus500 offers only one account type, the trading conditions vary depending on the client's country and their level of professionalism.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.7 /10Plus500 received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Plus500 provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- PayPal supported
- Minimum deposit below industry average
- Supports 5+ base account currencies
- Wise not supported
- USDT payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Plus500 deposit and withdrawal options?
Plus500 provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill.
Plus500 Deposit and Withdrawal Methods vs Competitors Plus500 Trading.com OANDA Bank Wire YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC NoNoYesWhat are Plus500 base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Plus500 supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, ZAR, NZD, PLN, HUF, TRY, SEK, CZK, NOK.
What are Plus500's minimum deposit and withdrawal amounts?
The minimum deposit on Plus500 is $100, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Plus500’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8 /10Plus500 offers a wider selection of trading assets than the market average, with over 2800 tradable assets available, including 60 currency pairs.
- Crypto trading
- 60 supported currency pairs
- Commodity futures are available
- Copy trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Plus500 with its competitors, making it easier for you to find the perfect fit.
Plus500 Trading.com OANDA Currency pairs 60 69 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 69 129 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions YesNoNoInvestment options
We also explored the trading assets and products Plus500 offers for beginner traders and investors who prefer not to engage in active trading.
Plus500 Trading.com OANDA Bonds NoNoYesETFs YesNoNoCopy trading NoNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:broker-profile.blocks.account_opening.score-tooltip9 /10In this section, we'll guide you on how to create an account on the Plus500 website and activate access to your user account. We'll also provide a brief guide on its functionality.
First, you need to request the registration form. You can do this by clicking the Start Trading button.
Next, select the type of account you want to open — demo or user. Then, you'll need to enter personal information and provide details about your financial status, followed by uploading copies of documents. The application for opening a user account is processed by the company within 24 hours.
Details of the Plus500’s user ccount:
A menu block where users can verify the information provided in the form (identity and place of residence).
Deposit interface for trading account.
A trader registered with the broker also gains access to the following capabilities:
- Accessing the web platform for trading via a browser;
- Modifying or refining personal information, linking bank cards and accounts;
- Submitting a withdrawal request;
- Creating a demo account for trading with virtual funds;
- Communicating with technical support in real-time.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.4 /10Plus500 received a score of 5.4/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trade directly from TradingView
- Proprietary platform with unique features
- No one-click trading
- No access to cTrader and its advanced tools.
Supported trading platforms
Plus500 supports the following trading platforms: TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared Plus500’s platform availability with that of top competitors to assess its relative market position.
Plus500 Trading.com OANDA MT4 NoNoYesMT5 NoYesYescTrader NoNoNoTradingView YesYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Plus500’s trading platform features
We also evaluated whether Plus500 offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) NoOne-click trading NoScalping NoSupported indicators 115 Tradable assets 2800 Additional trading tools
Plus500 offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Plus500 trading tools vs competitors Plus500 Trading.com OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI NoNoYesFree VPS NoNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10Plus500 supports mobile trading, offering dedicated apps for both iOS and Android. Plus500 received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Solid iOS user feedback, with a rating of 4.7/5
- Strong Android user ratings, currently at 4.4/5
- Indicators supported
- Fewer charting tools
We compared Plus500 with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Plus500 Trading.com OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 50,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.7 4.8 4.8 Google Play score 4.4 4.7 3.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at Plus500 by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria8 /10Plus500 demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, Plus500 shows reliable service and active engagement with clients.
InformationOn the Plus500 website, there is a stated schedule for 24/7 support accessibility and its multilingual nature.
- Support operates continuously without breaks or weekends
- Quick responses via email
- Chat is only available for registered traders
- Unable to request a callback
The available support channels depend on the trader's status:
- Clients can use email and Live Chat in their user account;
- Unregistered website users can only contact via email;
- To request assistance via email, filling out the feedback form is necessary, which is located in the FAQs section.
Contacts Foundation date 2008 Registration address 169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus Regulation CySEC, FCA, ASIC, FMA, FSCA, FSA Seychelles, EFSA, MAS, DFSA, SCB Licence number:
250/14, FRN 509909, AFSL 417727, FSP 486026, 47546, SD039, 4.1-1/18, CMS100648, F005651, SIA-F250Official site https://www.plus500.com/en-de/invest Contacts support@plus500.com +1 (312) 939-8950 (USA)
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FAQs
What commissions and fees does Plus500 charge for forex trading and account maintenance?
Plus500’s overall fee level is rated as medium, with a fees score of 5/10 and above-average Forex trading fees, and it does not offer an ECN/Raw Spread account. For Standard accounts, commissions are included in the floating spread, with typical EUR/USD spreads between 0.5–0.9 pips and GBP/USD between 0.5–1.0 pips, though these may widen in volatile markets. Non-trading fees include no deposit or withdrawal fees, but there is a $10 per month inactivity fee.
What types of trading accounts are available at Plus500 and how do their conditions differ?
Plus500 primarily offers a single User account type for CFD trading, along with a demo account and it does not provide micro, cent, VIP, or ECN/Raw spread accounts. The minimum deposit depends on the payment method (for example, $100 for bank cards), and professional clients may access User Pro accounts with narrower spreads and higher leverage but without ICF protection. While additional accounts can sometimes be opened on request, they operate independently and internal transfers between them are not available.
What do user reviews and feedback say about Plus500 overall?
Plus500 has a user satisfaction score of 7.9/10 based on 134 reviews, with 32% of users giving 5-star ratings, 29% giving 4-star, and 39% giving 3-star, while there are no 1- or 2-star ratings reported. According to user reviews, overall impressions are mostly positive, and 2341 users have chosen this broker according to the provided data.
Which markets and tradable assets can you access with Plus500, according to user comments and reviews?
Plus500 provides access to over 2800 tradable assets, including 60 currency pairs, stocks, commodity futures, cryptocurrencies, stock indices, options, and ETFs, but it does not offer bonds, copy trading, PAMM investing, or managed accounts. The review notes that this range is wider than the market average, though specific user comments or detailed asset-level feedback are not provided in the section.
How do traders describe the Plus500 mobile app in their reviews and feedback?
The Plus500 mobile apps for iOS and Android have a mobile trading score of 8/10, supported by high download numbers (10,000,000 installs) and strong store ratings (4.7 on the App Store and 4.4 on Google Play). The review highlights features such as mobile 2FA, trading alerts, and indicator support, while noting that the app offers fewer charting tools, and it does not provide detailed qualitative user comments beyond these metrics.
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