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Plus500 Review

Plus500 Review

Plus500 is an established online brokerage firm, specializing in CFD trading, that opened in 2008.

On an average monthly basis, searches for this broker in Google tops 300K. During the 1st quarter of 2022, they had 176,642 active clients. This is an increase from the 4th quarter of 2021, when they had 171,000 active clients. This is the number of live clients, that are actively trading on their platform. This number fluctuates each quarter.

Official Website: https://www.Plus500.com.

Plus500 Review 2021

Plus500 Broker Reviews

Plus500 offers their clients a large selection of underlying assets for CFD trading. Many investors choose to use Plus500 because of their web-based trading platform. You will also find the mobile apps for iOS, Android, and Windows, which makes for easy trading on your Tablet and Phone.

Any asset you want to trade, is available on their trading platform. Major Forex pairs, minor currency pairs, commodities, stock market indexes, and shares from all major stock exchanges.

Crypto Currency investors will find the popular coins available including; Bitcoin, IOTA, Bitcoin Cash, NEO, Monero and Ethereum.

Plus500 offers multiple methods to fund your trading account including; Credit Card, Bank Transfer and Paypal. The minimum deposit for a new trading account is $100, see here.

Plus500 Invest Review

Plus500 Invest is their new platform which is for trading stocks, but it is only available in a few countries. Invest is the alternative to CFD trading. With Invest, you are buying actual shares, and will be paying commissions and at the same time owning the shares.

The commissions vary by the stock exchange of the shares, for example: USA shares on the NYSE or Nasdaq are $0.006 per share. UK shares on the London Stock Exchange are 0.045% with a minimum fee of 2 GBP.

The order entry screen includes a few different setting for traders to manage their risk, and lock in profits. They include order types of: Market Order, Stop and Limit Orders.

🚀 Client Deposits (Q3 2021)$457.3m
⚖ Licensed / RegulatedYes
💹 Free Demo AccountSee Here
💎 App ReliabilityGreat
📞 Customer SupportYes
💳 Minimum Deposit$100

Is Plus500 a Legit Broker?

Yes, The way that the Scam Broker Investigator determines if a broker is legitimate or a scam, is by checking for a government license. Plus500 Ltd is listed on the Main Market section of the London Stock Exchange, and they are licensed in multiple countries. Their contact email address is: [email protected]

  • United Kingdom: Owned by Plus500UK Ltd, 78 Cornhill, London EC3V 3QQ, which is authorised and regulated by the FCA (Financial Conduct Authority), with license number 509909.
  • Europe: Operated by Plus500CY Ltd which is licensed and regulated by CySEC with license number 250/14.
  • New Zealand: Derivatives issuer licence FSP #486026 authorises us to issue these products to New Zealand residents.
  • Israel: Plus500IL Ltd is licensed by the Israel Securities Authority.
  • Singapore: Plus500SG is licensed and regulated by the MAS (Monetary Authority of Singapore), license CMS100648-1.
  • South Africa: Plus500AU Pty Ltd is an authorized Financial Services Provider, by the FSCA license number 47546.
  • Australia: Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by ASIC, is authorized to issue these products to Australian residents.

When reviewing and comparing CFD and Forex brokers it is important to check that they are actually licensed to operate in your country. The reason to trade with a regulated broker, is that in the event that the broker becomes insolvent, your money is protected.

There are many CFD brokers to choose from online, and each one has their own unique features. 

ForTrade, you will see that just like Plus500, they are licensed and regulated in countries like; Canada, United Kingdom and Australia, see here.

The major difference you will find is that at ForTrade you can trade with MT4 or their unique trading app, see here.

Another popular broker that many people are using is call AvaTrade.

AvaTrade is a CFD broker, that has a unique trading platform, with Option trading along with CFDs. They also have a social trading feature, see here.

Just remember, no matter which broker you choose, only use a broker that is licensed and regulated by your countries financial regulator.