Plus500 Review: Is Plus500 the Right Choice for You?

In this comprehensive Plus500 review, we’ll explore its features, tools, fees, and overall performance. Whether you’re a beginner looking to dip your toes into trading or an experienced investor seeking a reliable platform, this review will help you decide if Plus500 is the right choice for your trading journey.

When it comes to online trading, finding the perfect platform can feel overwhelming. With so many options, how do you know which one suits your needs? Plus500 has gained attention as a popular choice for traders of all experience levels. But does it deliver on its promises?

Founded in 2008, Plus500 is regulated in multiple jurisdictions, ensuring a secure and reliable trading environment. Plus500 operates in over 50 countries, serving a diverse clientele. It’s listed on the London Stock Exchange (LSE) and is part of the FTSE 250 Index.

Key Features of Plus500

1. Wide Range of Tradable Instruments

Plus500 provides access to over 2,000 financial instruments, covering:

• Forex: Major, minor, and exotic currency pairs.
• Stocks: Shares from leading global markets.
• Commodities: Precious metals, energy, and agricultural products.
• Indices: Popular indices like S&P 500, FTSE 100, and NASDAQ.
• Cryptocurrencies: CFDs on Bitcoin, Ethereum, and other digital assets.

1. User-Friendly Trading Platform

The proprietary web-based platform is designed for simplicity, making it ideal for beginners. Key features include:

• Clean interface: Easy navigation with intuitive controls.
• Advanced charting tools: Technical indicators and drawing tools for analysis.
• Mobile app: Seamless trading on the go with Android and iOS compatibility.

1. Risk Management Tools

Plus500 offers a range of tools to help manage risk, such as:

• Stop-loss orders: Automatically close positions to limit losses.
• Trailing stop: Lock in profits as the market moves in your favour.
• Guaranteed stop: Ensure positions close at a set price, even in volatile markets (with a fee).

Plus500 Webtrader

The Plus500 WebTrader is a user-friendly online trading platform designed to provide seamless access to global financial markets. Accessible directly through your web browser without the need for downloads, it offers a sleek and intuitive interface that caters to both beginner and advanced traders. The WebTrader supports trading in a wide range of CFDs, including Forex, cryptocurrencies, commodities, shares, indices, ETFs, and options, allowing users to diversify their portfolios with ease.

Key features of the Plus500 WebTrader include real-time market quotes, advanced charting tools, and risk management features such as stop-loss and take-profit orders. The platform also allows traders to monitor their accounts, execute trades, and analyze market trends with ease. Designed for flexibility and convenience, the Plus500 WebTrader ensures a smooth trading experience whether you’re at home or on the go, making it a reliable choice for traders seeking efficiency and performance in an online trading platform.

Plus500 review on Fees & Charges

Plus500 operates on a spread-based pricing model, meaning there are no commissions. The key fee elements include:

• Spreads: Competitive but variable depending on market conditions.
• Overnight funding (swap): Charged for positions held overnight.
• Inactivity fee: $10 per month after 3 months of inactivity.

Plus500 stands out for its straightforward fee structure, offering most services free of charge and maintaining transparency about the few costs that may apply. Traders can enjoy zero fees for deposits, live CFD prices, real-time forex quotes, opening and closing trades, and even using advanced tools like dynamic charts and graphs. The primary cost for trading on Plus500 is embedded within the Buy/Sell spread, which is seamlessly incorporated into quoted rates rather than being an additional charge.

Additional Fees

However, specific additional fees may apply based on trading activity. Overnight funding can incur costs if positions are held beyond a specified time, while a currency conversion fee applies to trades involving currencies different from the account base. The optional Guaranteed Stop Order feature offers extra risk management but comes with a broader spread. Lastly, an inactivity fee of up to $10 monthly applies if there’s no account login for three months.

Deposit or Withdrawal Fees

Plus500 remains competitive by not charging deposit or withdrawal fees, although third-party payment processors may apply their costs. This transparent approach ensures traders know what to expect, enhancing trust and reliability.

Regulatory Framework & Licensing

Plus500 is regulated by top-tier financial authorities, providing traders with a safe and transparent environment:

Security Features:

• Client fund segregation: Ensures client funds are held separately from company funds.
• SSL encryption: Protects data and transactions on the platform.

Account Types and Demo Account

Plus500 offers a single standard account type, which simplifies the onboarding process. Additionally, a free demo account allows traders to practice without risking real money, making it perfect for beginners.

Plus500 Demo Account

Plus500 Demo Account is an ideal tool for beginners and seasoned traders to practice trading in a risk-free environment using virtual funds. It mirrors actual market conditions, providing users with the opportunity to explore various instruments like Forex, commodities, cryptocurrencies, and shares. The platform offers real-time quotes and features, enabling traders to familiarize themselves with the interface, test strategies and practice risk management without any financial risk.

How to open a demo account?

Opening a Demo Account is simple—users can select “Demo Mode” during registration or switch from Real Money Mode via the platform’s main screen or app menu. With no time limits and a seamless transition to actual trading, the Plus500 Demo Account serves as a valuable resource for gaining confidence and experience in trading. Whether you’re new to the market or refining advanced techniques, this feature equips you with the tools to succeed in the dynamic world of trading. Learn more on how to open a demo account here.

Deposit and Withdrawal Options

Plus500 supports various payment methods:

• Credit/debit cards
• Bank transfers
• E-wallets: PayPal, Skrill, and Neteller.

Deposits are usually instant, while withdrawals may take 1-3 business days, depending on the method.

Plus500 Reviews on Tranding Instruments

Plus500 Review on Leverage

A Guide to Changing and Using It Effectively

How to Change Leverage on Plus500

Step 1: Log in to Your Plus500 Account

First, ensure that you have an active Plus500 account. Log in using your email and password. If you don’t have an account yet, you’ll need to sign up and complete the verification process.

Step 2: Access the Account Settings

Once logged in, navigate to your account settings. This can usually be found in the main menu or the top-right corner of the dashboard.

Step 3: Select the Trading Preferences

In the settings menu, look for an option labelled “Trading Preferences” or “Account Preferences.” Click on it to explore leverage settings and other options.

Step 4: Adjust the Leverage Level

In the trading preferences section, you’ll find the leverage settings. Depending on the instrument (such as forex, stocks, or commodities), you may be able to select different leverage levels. Simply choose the desired level and confirm your changes.

Note: Some instruments have fixed leverage ratios due to regulatory restrictions. Always check what’s available for your selected asset.

Step 5: Confirm Changes

After selecting your preferred leverage, save your changes. The platform may prompt you with a warning about the risks associated with leverage. Make sure you understand these risks before proceeding.

How to Use Leverage on Plus500

Understanding Leverage Basics

Leverage allows traders to control more prominent positions with a smaller amount of capital. For example, if you have a 1:30 leverage, you can control a $30,000 position with only $1,000 in your account.

Step 1: Select an Asset to Trade

After adjusting your leverage settings, choose an asset you wish to trade. Plus500 offers various instruments, including forex, stocks, indices, and cryptocurrencies.

Step 2: Analyze the Market

Before placing a trade, perform a thorough market analysis. Use Plus500’s built-in charting tools and indicators to understand price trends and market sentiment.

Step 3: Set Your Trade Parameters

When placing a trade, you’ll need to input the following details:

• Trade size (volume)
• Stop-loss and take-profit levels
• Order type (market or limit)

Step 4: Monitor Your Trade

After executing your trade, monitor its progress closely. Leverage amplifies both gains and losses, so it’s essential to keep an eye on your open positions and adjust your stop-loss if necessary.

Risk Management Tips

• Use Stop-Loss Orders: These can limit potential losses by closing your position automatically when a specific price is reached.
• Avoid Over-Leveraging: Trading with high leverage can be tempting, but it also increases your risk. Use leverage responsibly based on your experience and risk tolerance.
• Stay Updated: Keep track of economic events and market news that may affect your trades.

How to Use Plus500 App for Beginners

The Plus500 app is an intuitive and user-friendly platform designed to make trading accessible for beginners. To get started, download the app from your device’s app store and complete the quick registration process. Once logged in, you can explore the app’s features in Demo Mode, which allows you to practice trading with virtual funds without risking real money. This is an excellent way for beginners to familiarize themselves with the platform and learn about trading instruments like Forex, cryptocurrencies, commodities, and more.

Navigating the app is straightforward, with easy access to market quotes, charts, and trading tools. Beginners can start trading by selecting an instrument, entering the trade amount, and deciding whether to open a “Buy” or “Sell” position. The app also includes essential risk management tools such as stop-loss and take-profit orders, ensuring that you can manage your trades effectively. Whether you’re testing strategies or making your first actual money trades, the Plus500 app provides all the resources needed to build confidence and competence in trading.

Customer Support

Plus500 provides 24/7 customer support via:

• Live chat
• Email support

There is no phone support, which may be a drawback for some traders.

Pros and Cons

Pros:

• User-friendly platform with a clean interface.
• Wide range of CFDs across multiple asset classes.
• Regulated by reputable financial authorities.
• No commission on trades.
• Free demo account for practice.

Cons:

• Limited research and educational resources.
• No phone support.
• CFDs only (no ownership of underlying assets).

Who Should Use Plus500?

Plus500 is ideal for:

• Beginner traders: Its intuitive platform and demo account make it easy to learn.
• CFD traders: Those looking for leveraged trading across various markets.
• Mobile traders: The mobile app is highly functional and user-friendly.

However, long-term investors or those seeking to own assets outright may find other platforms more suitable.

Conclusion

At the end of Plus500 review we highly recommend Plus500 which is a reputable and reliable broker, especially for CFD traders looking for a user-friendly platform and access to global markets. While it may lack some advanced research tools, its competitive fees, regulation, and risk management features make it a solid choice for both beginners and experienced traders.