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Plus500 Broker Review

FX Scouts By Jeffrey Cammack Updated: March 17, 2020
Overall Rating
3.83 / 5
Min. DepositGBP 100
Max. Leverage30:1
Min. Spread0.7 pips
RegulatorsCySEC,ASIC,FSCA,MAS,FMA
Regulator Origin CySEC ASIC FSCA MAS FMA
Broker TypeMarket Maker

Summary

With 50+ Forex pairs available, tight spreads and fast execution, Plus500 is a popular broker with both its new and long-standing customers. Award-winning customer service is available 24/7 and the Plus500 platform is web-based with no need for any downloads or setup, making this a good provider for those starting out who want to keep it simple.

Plus500 has one account with a 100 USD minimum deposit requirement and keeps simplicity at the core of its business.

 

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositGBP 100
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs70+
Hedging Allowed No
Scalping No
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.7
GBP / USD1.5
USD / JPY0.7

Company Details

Company namePlus500 Ltd
Founded2008
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,ASIC,FSCA,MAS,FMA
Office locations Israel

Deposit & Withdrawal Methods

Supported Platforms for Plus500

All information presented is verified as of the date of the review. Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.83 / 5 3.38 / 5 3.97 / 5
Minimum DepositGBP 100USD 200USD 5
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
IFSC IFSC
Broker TypeMarket MakerMarket MakerECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Metals, Equities
Forex Pairs70+4737
Crypto Pairs9164
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 3.5 / 5
Trading Conditions 3 / 5 1 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 3.5 / 5
% Lose with this broker 76.4% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:13000:1
Spread0.7 pips2.0 pips0.0 pips
Hedging No Yes Yes
Scalping No No Yes
Account Types
  • Standard (Standard)
  • Professional (Standard)
  • Standard (Standard)
  • Cent (Mini)
  • ECN (Professional)
  • Islamic
  • Micro (Mini)
  • Standard (Standard)
  • Zero Spread (Professional)
Swap-Free Accounts Yes Yes Yes
Trading Platforms Plus500 etoro MT4, MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Paypal Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Visa, Neteller, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 6 USD / lot - ECN Account
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Overall Rating 3.83 / 5 3.38 / 5 3.97 / 5
Minimum DepositGBP 100USD 200USD 5
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
IFSC IFSC
Broker TypeMarket MakerMarket MakerECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Metals, Equities
Forex Pairs70+4737
Crypto Pairs9164
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 3.5 / 5
Trading Conditions 3 / 5 1 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 3.5 / 5
% Lose with this broker 76.4% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:13000:1
Spread0.7 pips2.0 pips0.0 pips
Hedging No Yes Yes
Scalping No No Yes
Account Types
  • Standard (Standard)
  • Professional (Standard)
  • Standard (Standard)
  • Cent (Mini)
  • ECN (Professional)
  • Islamic
  • Micro (Mini)
  • Standard (Standard)
  • Zero Spread (Professional)
Swap-Free Accounts Yes Yes Yes
Trading Platforms Plus500 etoro MT4, MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Paypal Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Visa, Neteller, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 6 USD / lot - ECN Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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All information presented is verified as of the date of the review. Most retail CFD accounts lose money. Your capital is at risk.

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