Information
Foundational Details
Established in 2008 in Israel, Plus500 has expanded its global presence with offices in strategic locations like Cyprus, the UK, Australia, and New Zealand. Recognized as a top-tier CFD (Contract for Difference) provider, Plus500 has established a robust platform conducive to professional trading and consistent growth.
Client Base and Market Impact
Boasting a clientele of over 200,000 active traders, Plus500 has witnessed a surge in trading activities. The previous year alone saw the opening of over 35 million positions, aggregating to a staggering $1,310 billion in value.
Sponsorship
Aligning with the sports world, Plus500 has become a prominent sponsor of the renowned Spanish football club Atletico Madrid, the proud champions of the 2017-2018 Europa League.
Regulatory Compliance
Plus500 operates under the umbrella of Plus500 Ltd, a regulated entity managing the CFD platform. It adheres to stringent regulations enforced by global financial authorities like the FCA (UK), CySEC (Cyprus), ASIC (Australia), FSP (New Zealand), FSCA (South Africa), and FSA (Seychelles). Additionally, its listing on the London Stock Exchange’s main market underpins its financial robustness and reliability.
- Plus500UK Ltd authorised & regulated by the FCA (#509909).
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1).
- Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026;
Authorised Financial Services Provider in South Africa, FSP #47546. - Plus500SEY Ltd authorized & regulated by the Seychelles Financial Services Authority (#SD039).
- Plus500EE AS is authorized and regulated by the Estonian Financial Supervision and Resolution Authority (Licence no. 4.1-1/18).
- Plus500AE Ltd is authorized and regulated by the Dubai Financial Services Authority (F005651).
Leverage Options
The leverage offered by Plus500 varies depending on the jurisdiction. European traders under CySEC and FCA are limited to a maximum leverage of 1:30. Conversely, ASIC and FSP-regulated traders can access higher leverage options, reaching up to 1:300 for Forex, 1:20 for stocks and indices, and 1:30 for cryptocurrencies.
Account Types
Plus500 simplifies the trading experience by offering a single standard account to all its clients. As trading volumes escalate, traders may become eligible for additional perks and discounts. Catering to diverse clientele, Plus500 also provides Islamic accounts for traders adhering to Sharia principles.
Commission Structure
Plus500 stands out with its transparent and trader-friendly commission structure. Key highlights include a minimal spread of 0.6 pips for EURUSD and a diverse range of trading instruments. The broker primarily operates on a spread-only commission model, eliminating additional fees for the convenience of various trading strategies. While withdrawals are free of charge (minimum withdrawal of $100), accounts inactive for over three months incur a fee of up to $10.
Trading Instruments
As a leading CFD provider, Plus500 offers an extensive portfolio exceeding 2,800 trading instruments. This includes indices, stocks, commodities, currency pairs, ETFs, CFD options, and a robust selection of cryptocurrency trading tools.
Trading Platforms
Plus500’s trading experience is anchored in its user-friendly Plus500 WebTrader platform, a web-based interface requiring no software downloads. MetaTrader 4, however, is not supported. Traders can also leverage the mobile trading platforms designed for Android and iOS devices, equipped with essential tools and comprehensive account management features.
Minimum Deposit
The minimum deposit at Plus500 is jurisdiction-dependent, starting at $100.
Conclusions and User Feedback Solicitation
Plus500 is a trustworthy and well-regulated CFD provider, suitable for diverse trading needs and preferences. While its services cater well to experienced traders, beginners should exercise caution due to the complex nature of CFDs. Plus500’s platform, though user-friendly, is better suited for those with a firm grasp of trading dynamics.
Trade Forex invites you to share your experiences with Plus500, offering valuable insights for both novice and seasoned traders in making informed broker selection decisions.
Important: 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
