Risk Warning: Your Capital is at Risk.
Plus500 is available in the United States Plus500 provides U.S. retail traders with options and futures trading, following the acquisition of Cunningham Commodities LLC.
Plus500 is a regulated online broker with a platform for trading contracts-for-difference (CFDs) on commodities, ETFs, forex, indices, options, and shares.
We explore the good and bad about Plus500 and its online trading platform below, plus all the information you need to start trading from .
Founded in 2008, Plus500 is an established CFD broker. It is listed on the London Stock Exchange (LSE) in the UK where it is in the FTSE 250 Index. Their free lifelong demo account is one of the features that make them popular among CFD traders.
The Good and Bad About Plus500
|The Good||The Bad|
Trustworthy broker - Plus500 scored 90/100 in our *broker trust rating
No integration with MetaTrader 4 or 5
Free lifelong demo account
No customer support via phone
Mobile-friendly trading platform
Monthly inactivity fee of up to $10 if you don't log in for 3 months
2,800+ CFDs to trade in 7 asset classes
Limited technical analysis and automation features
Regulated by more than five leading financial organizations
Withdrawals can take up to 7 days to be processed
Our proprietary trust score is calculated based on regulation, structure, client fund handling, risk management, and length of operation.
Key Facts About Plus500
Here’s a quick overview of important Plus500 facts. More details and in-depth analysis are provided in the remainder of the review.
|Our Overall Rating|
|Asset Classes||Commodities |
†Availability subject to regulations
|Country Availability||Accepts clients from 50+ countries|
|Regulators||FCA, CySEC, ASIC, FMA (New Zealand), FSCA (South Africa), MAS, FSA (Seychelles), FSRA, and FSA (Dubai) ‐ See full details|
|Trading Platform||Plus500 WebTrader and mobile app|
|Account Types||Demo, real money, and professional|
|Fees||Plus500 is a "No Deposit fees/Commissions" broker, but other fees and charges (inactivity fee, overnight funding, currency conversion fee, guaranteed stop order) may apply|
|Minimum Deposit||$100 (or currency equivalent) or $500 via bank transfer — see deposits and withdrawals|
What Can You Trade With Plus500?
Plus500 offers clients access to trading over 2,800 CFDs in seven market categories. Whether you want to gain exposure to prices of commodities, cryptocurrencies, ETFs, forex, indices, options, or shares – it’s possible through Plus500’s CFD offerings.
The availability of cryptocurrencies on Plus500 is subject to regulations.
Below are detailed lists of instruments available to trade as CFDs in the different asset classes. Note that some instruments may not be available in every country.
More than 20 commodities CFDs are available to trade at Plus500. These include precious metals like gold and platinum, energy commodities like oil and gasoline, and agricultural commodities like wheat and coffee.
Several popular cryptocurrencies (and crypto-derivatives) are available to trade as CFDs on the Plus500 platform. (Availability subject to regulations.) Unlike other instruments that can only be traded from Monday to Friday, crypto CFD trading is possible 24/7.
CFDs On ETFs
Plus500 clients can speculate on the prices of over 90 exchange-traded funds (ETFs), including the popular VXX Volatility and SPDRUSA500, through CFDs.
- Commodity Index Fund
- GLD Gold
- Global X Lithium & Battery Tech
- ICF iShares Cohen & Steers REIT
- iShares AEX
- iShares China
- iShares DAX
- iShares EEM
- iShares EU50
- iShares India 50
- iShares Japan
- iShares Korea
- iShares R2000
- iShares Silver
- iShares UK 100
- IYR iShares U.S. Real Estate
- Lyxor CAC
- OIH-Oil Service
- RWR SPDR Dow Jones REIT
- Roundhill Ball Metaverse
- SCHH Schwab US REIT
- SPDR Aerospace & Defense
- SPDR EURO 50
- SPDR S&P/ASX 200
- SPDR S&P/ASX 50
- UNG-Gas Fund
- USO-Oil Fund
- VNQ Vanguard Real Estate
- VanEck Vectors Semiconductor
- Vanguard Mid-Cap Growth
Plus500 is not a traditional forex broker but it does allow you to speculate with forex CFDs. It covers more than 60 currency pairs, including these three major currency pairs: EUR/USD, GBP/USD, and EUR/GBP.
- U.S. Dollar Index
CFDs On Indices
Index CFDs available to trade on Plus500 cover stock market indices around the world. They include the USA 500, ASX 200, NASDAQ 100, UK 100, and France 40.
- Australia 200
- Cannabis Stock Index
- China A50
- Denmark 25
- Diversity and Inclusion Index
- Europe 50
- France 40
- Germany 40
- Germany Mini-MCap
- Global Warming Reduction Index
- Greece 25
- Hong Kong 50
- Italy 40
- Japan 225
- Metaverse Giants Index
- NFT Giants Index
- NYSE FANG+ Index
- Netherlands 25
- Norway 25
- Poland 20
- Poverty Reduction Index
- Quality of Life Index
- Real Estate Giants Index
- Singapore 25
- Spain 35
- Sustainable Resources Index
- Sweden 30
- Swiss 20
- UK 100
- US-TECH 100
- USA 2000
- USA 30 – Wall Street
- USA 500
- VIX Volatility Index
Plus500 offers call and put option CFDs on 20 popular stocks, indices, and currency pairs.
- Deutsche Bank
- Europe 50
- Germany 40
- NASDAQ 100
- Natural Gas
- Netherlands 25
- UK 100
- USA 500
To learn about options trading, see this Options Broker Guide.
Plus500 lets you trade CFDs on more than 1,000 shares from the UK, USA, Germany, and more. The list below covers some of the most popular ones.
Options and Futures (Coming Soon)
Following the acquisition of Cunningham Commodities LLC, Plus500 has announced options and futures trading for retail traders as a product in development.
Cunningham Commodities LLC has worked with leading futures exchanges like the Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME) and will provide Plus500 with specialized software to bring options and futures to US traders. The acquisition is worth $30m.
Where Does Plus500 Operate?
Trading with Plus500 is possible in over 60 countries and in 32 languages. To find out if Plus500 is available in , toggle the list below.
According to a recent announcement, Plus500 will be entering the US market with options and futures trading for retail traders. However, no start date has been confirmed yet. Stay tuned, or sign up for our newsletter to get the news first.
- Asia/Pacific Region
- Costa Rica
- Czech Republic
- Dominican Republic
- France Metropolitan
- French Guiana
- Hong Kong
- Isle of Man
- New Zealand
- Saudi Arabia
- South Africa
- South Korea
- United Arab Emirates
- United Kingdom
- North Korea
- Simple Chinese
- Traditional Chinese
Customer Support With Plus500
Plus500 has a dedicated FAQ section on their website with answers to their clients’ most commonly asked questions.
If you have a unique problem or question that isn’t answered, there are three ways to contact the broker for support:
- Live Chat
Account Types & Requirements
Plus500 keeps their trading account options simple with these three possibilities:
Plus500 Demo Account
A Plus500 demo account allows traders to test ideas and trading strategies and familiarize themselves with real market conditions in a risk-free environment. The only difference between the demo and real money account is that you’re trading with $40,000 worth of play money.
Many brokers offer demo accounts, but the one from Plus500 stands out for a couple of reasons:
- You can open one without having to open a real money account.
- You can keep it open indefinitely. (Most brokers limit you to a few weeks to get you started; Plus500 is set up to allow traders to use their Demo account as part of their overall trading strategy.)
How to Open a Demo Account
To open a demo account, you need to visit the Plus500 homepage where you are presented with the following screen:
Click on the ‘Try Free Demo‘ button to be taken to the sign-up form. Then enter your email address and a password and click ‘Create Demo Account‘.
You’re ready to start with a quick tour of the platform before opening your first practice position.
Once you have opened both demo and real money accounts, you can switch between the two on the main platform menu — either with a button on the sidebar or through the menu. The money in the demo account is topped up when the balance sinks to below 200 EUR (or equivalent).
Real Money Account
The Plus500 real money account is almost identical to the demo account, but with real money at stake. Therefore, opening a real money account requires additional steps and a verification process.
How to Open a Real Money Account
The first step to opening a real money account with Plus500 is to click on the ‘Start Trading Now‘ button on their homepage.
You’ll be prompted to provide an email address and a password before clicking on ‘Create Account‘ and starting the account registration and verification process.
The following information is required to register a real money account:
- Full name
- Date of birth
- Country of residence
- Residential address
- CFD trading experience
- Employment status
- Financial details (e.g. annual income and savings)
- Trading profile (e.g. how often you plan to trade and for what purpose)
- Investment knowledge (a few multiple-choice questions)
How To Verify Your Plus500 Account
Next, you must upload documents to verify your identity, address, and source of funds. The following is required:
|Identity||Photo of one of the following: ID card, driver's license, passport, or residence permit showing photo, ID number, full name, date of birth, and expiry date of document.|
|Address||Photo or scan of an official document (not older than 6 months) showing your full name and address. It should be from a financial institution, utility company, government agency, or a judicial authority. Examples includes bank statement, electricity bill, tax letter, and internet bill.|
|Source of Funds||Bank/credit card statement and/or photo of the front of the corresponding card.|
Plus500 Professional Account
Plus500 offers a professional account to traders who meet certain criteria. This premium account has the following features:
- Higher maximum leverage
- Advanced risk management tools
- Traders can revert back to a basic real money account at any time
- However, you should keep in mind that professional clients lose coverage from the Investor Compensation Fund (ICF).
Maximum Leverage Amounts
Maximum leverage for Professional accounts are, as with Real Money accounts, dependent on the underlying asset class:
- 1:150 Commodities
- 1:5 Crypto
- 1:100 ETFs
- 1:300 Forex
- 1:150 Indices
- 1:5 Options
- 1:20 Shares
Who Qualifies for a Professional Account?
Traders who want to be considered for a professional account must meet at least two of the following criteria:
- Sufficient Trading Activity – This criterion requires an average of 10 transactions per quarter (of significant size) over the previous four quarters with Plus500 or another CFD broker.
- Portfolio Size – A financial instrument portfolio of at least €500,000 is required. Cash savings are also taken into account but not property portfolios, direct commodity ownership, or notional values of leveraged instruments.
- Relevant Work Experience – Applicants must have worked in the financial sector for at least a year in a position that requires knowledge of the relevant products and services.
Leverage and Margin Requirements
Leverage is one of the key features of CFD trading.
It allows traders to gain exposure to the financial markets by self-funding only a fraction of the total value of a trade. This “deposit” is known as margin.
Leverage Ratios At Plus500
As a CFD broker, all the instruments available to trade on Plus500 are leveraged. The leverage ratio is your total exposure in relation to your margin.
Different leverage ratios apply to different asset classes, instruments, and account types. Below are some of the maximum leverage ratios you can expect.
- 1:30 — Forex
- 1:20 — Commodities, Indices
- 1:5 — ETFs, Options, Shares
- 1:2 — Cryptocurrencies
As of April 2023, Plus500 offers a maximum leverage of 30:1 for retail traders.
Margin Requirements At Plus500
Each CFD trade has specific Plus500 margin requirements:
- Initial margin – The margin required to open a trade.
- Maintenance margin – The minimum amount to keep the position open.
How to Calculate Margin Requirements
To calculate the margin needed to open and complete a CFD trade you need to know the leverage ratio.
So, if you want to trade Bitcoin CFDs worth $10,000 at a leverage ratio of 1:2, you need $5,000 as a margin. That means you risk losing 50% of the value of the trade instead of 100%.
The leverage and margin requirements for each individual trade are shown in the ‘Info‘ link next to each instrument’s name on the Plus500 trading platform’s main screen.
What Happens When The Account Balance Is Insufficient?
Plus500 accounts can never go negative so you can never lose more money than you have in your account. Traders whose account balance falls below these requirements will have their positions closed with no option to keep them open. This is done by way of a margin call.
Plus500 Spreads and Fees
Here is a breakdown of spreads and fees that traders may be charged when trading with Plus500.
Plus500 is a “No Deposit Fees/Commissions” broker that receives its compensation primarily through the market bid/ask spread. This is sometimes referred to as the market-maker spread.
For example, Plus500 is buying Brent Oil CFDs for $85.40 and selling them for $85.44. Thus the market bid/ask spread is 4¢.
You can view the current Plus500 spreads for each instrument by clicking on the information icon next to the instrument’s name.
Other Plus500 Fees
In addition to the spread, Plus500 clients may incur the following fees:
|Overnight Funding||Charged when a position remains open after a certain time||Differs for each instrument|
|Inactivity||Charged when an account shows no activity for 3 months||$10 per month|
|Guaranteed Stop Order||Charged via a wider spread to guarantee a position closes at a certain price||Variable|
|Currency Conversion||Applies to trades on instruments denominated in a currency that is different to the currency of the trader’s account||up to 0.7% of a trade’s net profit or loss|
All fees applicable to individual trades are shown in the information box next to each open position.
Deposits and Withdrawals
Plus500 has deposit and withdrawal processes in place that traders may want to find out about before registering. Here’s a summary of funding methods, minimum amounts, and processing times.
Plus500 Deposit Guide
Plus500 clients can choose between the following methods of depositing money:
- Visa or MasterCard debit/credit cards
- Electronic wallets (PayPal, Skrill)
- Bank transfer
You may also be able to deposit funds with iDeal, BPAY, Klarna, Giropay, and Trustly.
The minimum deposit varies according to the payment method and country of residence.
As a general rule, the minimum amount you can deposit via online bank transfer, electronic wallet, and credit/debit card is $100 or currency equivalent (€/£). For wire transfers, $500.
How to Deposit Money
Click on the ‘Funds Management‘ tab on the main platform screen and select ‘Deposit‘.
The different payment options and minimum deposit amounts for your country are displayed. Select the deposit method of your choice, fill in the required information, and click ‘Submit‘.
Note: Deposits by wire transfer can take up to five days to show in your Plus500 account. Those made via electronic wallet or credit or debit card typically show within minutes.
Plus500 Withdrawal Guide
Plus500 fund withdrawal requests are subject to a minimum withdrawal amount:
- Electronic wallet — $50 or currency equivalent ($/€)
- Bank transfers and credit cards — $100 or currency equivalent ($/€)
Withdrawal Methods and Processing Times
|Withdrawal Method||Processing Time|
|Electronic Wallets (PayPal and Skrill)||3 to 7 business days|
|Bank Transfer||5 to 7 business days|
|Credit/Debit Cards||According to the individual bank's processing time|
Note: The above processing times only start after the authorization of the withdrawal by Plus500, which can add an additional one to three business days to the process. The broker uses this time “to complete various security checks before initiating payment”.
Review of Plus500’s Trading Platform
Plus500’s WebTrader is an independent, proprietary trading platform developed for the exclusive use of their clients. It can’t be integrated with the popular MetaTrader 4 or MetaTrader 5 platforms.
Traders have the following three possibilities to access the Plus500 trading platform:
- Apple iOS and Android mobile trading apps
- WebTrader on Desktop version to be opened in any browser
- Windows 10 Trader
Plus500 WebTrader Pros and Cons
|The Good||The Bad|
Uncluttered dashboard designed for ease-of-use
No integration with MetaTrader 4 or 5
Ability to switch between demo, real money, and professional accounts
No support for algorithmic trading
Demo account is free and unlimited by time
Limited technical analysis tools
Advanced price-alert and notification system
Limited research and education section
Mobile Trading With Plus500
The Plus500 mobile app is highly rated by traders in both the App Store and Google Play.
The mobile applications have the same functionality as the web trader, including price alerts and real-time quotes on currency pairs and stocks as well as an economic calendar, which also includes corporate events. Traders can also track their finances and link directly to their bank accounts.
They are both easy to use and powerful — great for both beginners and advanced traders.
After downloading the mobile app, you can log in using your email address and password. The app home screen looks like this:
To access more instruments and your account status, you must click on the ‘Menu‘ icon in the top left.
This will open the user-friendly menu from where you can jump to the instrument categories, your open and closed positions, future orders, and alerts with the tap of a finger.
From the menu screen, you can also easily switch between your demo and real money accounts. At the bottom, there’s an overview of your account balance with a link to a more detailed account snapshot.
Web Trading With Plus500
The Plus500 web trader gives traders access to trade execution, pricing information, charting, open/closed positions, and fund/balance information on a single screen.
Traders can learn how the platform works by using the demo account to practice trades, applying risk management strategies, and using analysis tools.
To help you get started, here are some examples of common actions on the Plus500 WebTrader platform.
How to Open and Close a Trade In Plus500
This step-by-step guide will show you how to open and close trades on Plus500’s mobile and web trader.
Go to Instruments Categories in the menu of your mobile screen, pick a category and an instrument, and choose to ‘Buy‘ or ‘Sell‘.
Tick the appropriate boxes (profit/loss limits, trailing stop, and rate) and click buy/sell at the bottom of the screen to confirm the trade.
Click on the ‘Trade‘ icon (top left). Then, pick a category from the list on the left-hand side, along with an instrument to trade.
Each instrument row displays the buy and sell information. To the far right, an info icon takes you to a pop-up box with the position screen. More details including leverage, margin requirements, and stop order choices.
The bottom half of the screen shows an analytics chart for the selected instrument.
Once you’re satisfied with the details of a trade, click on ‘Buy‘ or ‘Sell‘ and confirm the transaction. There is also an option to cancel if you want to opt out before confirming.
How to Close a Position
Both the mobile and web versions of the Plus500 trading platform require the same steps to close a position.
Go to the ‘Open Positions‘ tab in the menu and click on ‘Close‘ next to the relevant position.
Plus500 Risk Management Tools
Plus500 offers three types of trading tools to help you minimize and manage your risk:
Close at Profit or Close at Loss
After clicking on buy or sell, the position screen shows a Close at profit and a Close at loss box below the trade amount.
These orders allow you to set a rate at which your position will close with the purpose of protecting your profit or minimizing your loss.
The service is free, but Plus500 warns that it doesn’t guarantee your position will close at the exact specified price.
The reason for this is something called slippage, where there are sudden big price movements beyond your stop level. The position then closes at the next available level.
Guaranteed Stop Order
Slippage can be avoided by adding a guaranteed stop order to your position. This option is found directly under the ‘Close at loss‘ or ‘Close at profit‘ boxes.
A guaranteed stop-loss order comes at the price of a wider spread (see the definition of spread). However, it’s not available on all trades. The checkbox will only appear if an instrument supports this order.
Trailing Stop Order
Open positions or pending orders with trailing stop orders stay open as long as the price moves in the trader’s favor. They close when the price changes direction by a certain amount of pips.
Pips are units of measurement to show the rate of change in a financial instrument.
How to Read and Customize Charts With Plus500
A technical analysis chart fills the bottom of both the mobile and desktop screens of the Plus500 WebTrader. The chart displayed is of the instrument highlighted in the instrument panel.
The charts toolbar features indicators and drawing tools to help with trend analysis and anticipating potential market movements. They can be customized to show the following views:
- Chart type
- Price type
- Time intervals
Further customization is possible by clicking on the options in the dropdown menus.
Improvements To Plus500’s Analysis Tools
Limited analysis tools and charting features have been some of the main points of criticism against the Plus500 trading platform. However, the broker introduced some improvements as part of WebTrader’s September 2020 update.
Traders now have the option to open and compare multiple charts simultaneously. It is done by going to the button with four quadrants on the chart’s toolbar and choosing up to 12 charts to open on the screen.
Plus500 has a number of sponsored sports teams including the soccer clubs BSC Young Boys, Legia Warsaw, and Atalanta BC. And most recently, they have become the sponsor of the iconic Chicago Bulls of the NBA — going along with Plus500’s planned move into futures and options trading for US residents.
How Is Plus500 Regulated?
|United Kingdom (Plus500UK Ltd)||Financial Conduct Authority (FCA) — License No. FRN 509909|
|Cyprus (Plus500CY Ltd)||Cyprus Securities and Exchange Commission (CySEC) — License No. 250/14|
|Australia (Plus500AU Pty Ltd)||Australian Securities and Investments Commission (ASIC) — AFSL #417727; FMA in New Zealand — FSP No. 486026; FSCA in South Africa — FSP #47546|
|Singapore (Plus500SG Pte Ltd)||Monetary Authority of Singapore (MAS) — License No. CMS100648-1|
|Israel (Plus500IL Ltd)||Israeli Security Authority (ISA) — ID no. 515233914|
|Estonia (Plus500EE AS)||Estonian Financial Supervision and Resolution Authority — Licence No. 4.1-1/18|
|Seychelles (Plus500SEY Ltd)||Seychelles Financial Services Authority (FSA) — Licence No. SD039|
|United Arab Emirates (Plus500AE Ltd)||Dubai Financial Services Authority — F005651|
Is Plus500 any good?
Plus500 was the number one CFD broker in the UK, Spain, and Germany in 2019. This is according to figures on the total number of client relationships published by Investment Trends, a key research provider to CFD brokers. In the same year, Plus500’s app was named the best mobile CFD platform in Australia.
In 2018, the broker’s WebTrader platform was the number one CFD trading platform in Europe, also according to Investment Trends.
Is Plus500 reliable?
Plus500 is a regulated brokerage firm with subsidiaries in the UK, Australia, Cyprus, Singapore, Israel, Seychelles, Estonia, and UAE. The company is regulated and authorized by top financial authorities, including the Financial Conduct Authority (FAC), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySec).
Plus500 keeps client funds in a segregated bank account and provides negative balance protection for both retail and professional accounts.
What is the minimum deposit for Plus500?
The minimum deposit to start trading CFDs with Plus500 is $100 (or the currency equivalent of € or £) if you’re making a deposit via credit/debit card or electronic wallet. For wire transfers, it’s $500. Money deposited via credit/debit card or electronic wallet typically shows up in a trader’s Plus500 account within a day. However, bank transfers can take up to five days.
How do I withdraw money from Plus500?
Plus500 withdrawal requests are subject to minimum amounts. The minimum withdrawal for bank transfers is $100 (or the currency equivalent) or the available account balance — whichever is less. For e-wallets it is $50 (or equivalent) or the available account balance — whichever is less. Plus500 may take up to three working days to process the transaction, while banks and financial institutions take three to seven days.
Plus500 can only return funds to the e-wallet or account it was deposited from.
Credits: Original review written by Lawrence Pines. Major updates by Linda de Beer with contributions from the Commodity.com editorial team