{"id":1168,"date":"2023-08-31T01:44:00","date_gmt":"2023-08-31T01:44:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=1168"},"modified":"2023-12-18T11:44:03","modified_gmt":"2023-12-18T11:44:03","slug":"plus500-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/plus500-review\/","title":{"rendered":"Plus500 Review"},"content":{"rendered":"\n

We do our best to published unbiased reviews. Our opinions and analysis is our own and is based on hours of research. Learn more about our methodology here<\/a>. Our reviews are not influenced by compensation we might receive from our partners.<\/p>\n\n\n\n

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\"Featured<\/figure><\/div><\/div>\n\n\n\n
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Plus500<\/strong> is a global fintech company providing CFD online trading services. Founded in 2008, and headquartered in Israel, they provide more than 2,500 financial instruments. Their trading platform and mobile app is one of the best in our testing. They offer CFDs on: forex, ETFs, cryptocurrencies, options, indices, shares, commodities and more. Plus500 is regulated by CySEC, MAS, FCA, and FSA and licensed by ASIC, FMA, and FSCA. <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Summary<\/h2>\n\n\n\n

Plus500 is a trusted online broker, regulated by top-tier authorities. Plus500 is known for their great trading platform and one of the best mobile apps. We found that it is great for CFD traders, customer support, easy to use platform and account opening process. The downside is their markets portfolio, offering only CFDs.<\/p>\n<\/div><\/section>\n\n\n\n

Visit Plus500 >><\/a><\/center>\n\n\n\n

“CFD Service. Your capital is at risk.”<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n

Retail investors around the world trust Plus500. Plus500 Ltd (PLUS.L) is listed on the London Stock Exchange (LON: PLUS<\/a>), it is a regulated broker. Read our full plus500 UK review here<\/a>. Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari, Shlomi Wizmann, Shimon Sofer are the founders. The current CEO is David Zruia.<\/p>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Feature<\/th>Plus500<\/th>\n<\/tr>\n<\/thead>\n
Founded:<\/th>2008<\/td>\n<\/tr>\n
Publicly Traded:<\/th>Yes<\/td>\n<\/tr>\n
Bank:<\/th>No<\/td>\n<\/tr>\n
Regulation:<\/th>FCA, CySec, FSA, MAS<\/td>\n<\/tr>\n
Licensed by:<\/th>ASIC, FSCA<\/td>\n<\/tr>\n
Demo Account:<\/th>Yes<\/td>\n<\/tr>\n
Minimum Deposit:<\/th>$100<\/td>\n<\/tr>\n
Copy Trading:<\/th>No<\/td>\n<\/tr>\n
Minimum Trade:<\/th>Varies<\/td>\n<\/tr>\n
Markets Available:<\/th>CFDs on more than 2000 instruments<\/td>\n<\/tr>\n
Mobile Trading:<\/th>Yes<\/td>\n<\/tr>\n
Countries Available:<\/th>50+<\/td>\n<\/tr>\n
Withdrawals:<\/th>Free<\/td>\n<\/tr>\n
Islamic Account:<\/th>Yes<\/td>\n<\/tr>\n
Deposit Methods:<\/th>MasterCard, Visa, Skrill, PayPal, Bank Fund Transfers<\/td>\n<\/tr>\n
Our Score:<\/th>4.8\/5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

This broker is great for active traders, especially due to their great trade executions, platform and Plus500 Fees & Commissions<\/a>.<\/p>\n\n\n\n

Pros and Cons<\/h3>\n\n\n\n

Plus500 is a great, simple-to-use platform, with an especially useful mobile app. Their platform is great for intermediate to experienced traders. The account opening process is fully digital. <\/p>\n\n\n\n

One downside is the fact that they only offer CFDs. Their research tools are average and fundamental data is not available. Their CFD fees are on the low side.<\/p>\n\n\n\n
PROS<\/th>CONS<\/th><\/tr><\/thead>
Great proprietary trading platform<\/td>Only Offers CFDs<\/td><\/tr>
Mobile App<\/td>Education<\/td><\/tr>
Fees<\/td>Support could be better<\/td><\/tr>
Trusted and Regulated<\/td><\/td><\/tr>
Wide Variety of Instruments<\/td><\/td><\/tr><\/tbody><\/table>\n\n\n\n

We recommend it for advanced experienced traders, looking for a reliable and trustworthy broker.<\/p>\n\n\n\n

Read more about it on Wikipedia<\/a>.<\/p>\n\n\n\n

Why should you read this?<\/h2>\n\n\n\n

Choosing the right platform is important if you want to become an active trader. This review<\/strong> goes over the pros and cons, their fees, platform, security, regulation and more. It will help you decide if it is a good fit for your needs. A great alternative to Plus500 is eToro<\/a>, Pepperstone<\/a> or Avatrade<\/a>.<\/p>\n\n\n\n

What\u2019s best about Plus500?<\/h2>\n\n\n\n

The main advantage of this broker is their easy-to-use platform and low costs.<\/p>\n\n\n\n

The best things are:<\/p>\n\n\n\n

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  • Traders open a demo account in a few minutes online. Real money accounts need to be verified. The time frame depends on the workload. It takes a few business days.<\/li>\n\n\n\n
  • Fees are on the low end of the industry.<\/li>\n\n\n\n
  • This broker is considered well regulated due to the regulatory coverage.<\/li>\n\n\n\n
  • The company is listed on the London Stock Exchange.<\/li>\n\n\n\n
  • Their platform is user-friendly and a good fit for advanced traders.<\/li>\n<\/ul>\n\n\n\n

    Plus500 Compared to Similar Trading Platforms<\/h2>\n\n\n\n

    Here is an overview of how Plus500 compares to similar trading platforms.<\/p>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
    Broker<\/th>Plus500<\/th>XTB<\/th>eToro<\/th>Trading 212<\/th>Interactive Brokers<\/th>\n<\/tr>\n<\/thead>\n
    Founded<\/th>2008<\/td>2002<\/td>2007<\/td>2004<\/td>1993<\/td>\n<\/tr>\n
    Headquarters<\/th>Israel<\/td>Poland<\/td>Tel Aviv, Israel<\/td>London, United Kingdom<\/td>Greenwich, Connecticut, United States<\/td>\n<\/tr>\n
    Regulation<\/th>CySEC, FMA, MAS, SFSA, FSCA, ASIC, FCA<\/td>FCA, Cyprus Securities and Exchange Commission (CySEC), Belize International Financial Services Commission (IFSC)<\/td>FCA, CySEC, ASIC<\/td>FCA, FSC, CySEC<\/td>MAS, FCA, CFTC, SEC, CBI, IIROC, ASIC, CSSF<\/td>\n<\/tr>\n
    Minimum Deposit<\/th>$100<\/td>$0<\/td>$50 – $10,000<\/td>$0<\/td>$0<\/td>\n<\/tr>\n
    Withdrawal Fees<\/th>$0<\/td>Yes (varies with withdrawal method)<\/td>$5 withdrawal fee<\/td>No<\/td>1 Free Withdrawal\/month<\/td>\n<\/tr>\n
    Inactivity Fees<\/th>$10\/month (after 3 months of no login activity)<\/td>Yes<\/td>$10\/month (after 12 months of no login activity)<\/td>Yes<\/td>$0<\/td>\n<\/tr>\n
    Instruments Available<\/th>CFDs on: Indices, Forex, Commodities, Crypto, Shares, Options, ETFs<\/td>4000+ (FX, Commodity CFDs, Indices, Stocks, Cryptocurrency)<\/td>2000+<\/td>Over 7000 Global Stocks & ETFs and CFDs on Forex, Commodities, Indices, Stocks<\/td>Access to 150 Exchanges (CFDs, Funds, Crypto, Futures, Options, Bonds, Stocks, ETFs, Forex)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

    Regulation of Plus500<\/h2>\n\n\n\n

    The following authorities regulate Plus500 and its subsidiaries:<\/p>\n\n\n\n

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    • Plus500UK Ltd is authorized & regulated by the FCA (#509909).<\/li>\n\n\n\n
    • Plus500CY Ltd authorized & regulated by CySEC (#250\/14).<\/li>\n\n\n\n
    • Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS\/CBL\/2018).<\/li>\n\n\n\n
    • Plus500SEY Ltd is authorized and regulated by the Seychelles Financial Services Authority (Licence No. SD039).<\/li>\n\n\n\n
    • Plus500AU Pty Ltd (ACN 153301681), licensed by:<\/li>\n\n\n\n
    • ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.<\/li>\n<\/ul>\n\n\n\n

      Platform Overview<\/h2>\n\n\n\n

      Plus500 offers their proprietary trading platform called WebTrader. It is easy to use and offers a streamlined experience on all devices (Windows PCs, tablets, smartphones, web browsers). Plus500 does not offer the popular MetaTrader 4 (MT4) platform that would have added functionality and customization options. <\/p>\n\n\n\n

      How does trading at Plus500 work?<\/h3>\n\n\n\n

      Opening and closing CFD positions is done in just a few clicks. All you have to do is to open the mobile app, find an instrument and click on “Buy” or Sell.” Select the amount you wish to open the position with and open the trade.<\/p>\n\n\n\n

      See the video below and learn how Plus 500 works:<\/p>\n\n\n\n