Reviewed broker: Plus500
Established in 2011
Located: UK, Cyprus, Australia, Israel, New Zealand
Regulation: CySEC Cyprus, ASIC Australia, FMA New Zealand, FCA UK, ISA (Israel)
Trading instruments: forex, commodities, ETFs, options, indices
USA traders: not accepted
Plus500 Review : Account types and trading conditions
Trade Shares, Indices, Forex and Commodities with our CFD Service
Reliable, Simple, Innovative. Join millions who have already traded with Plus500.
Use advanced tools and features to gain control on your account:
- Stop Limit / Stop Loss / Trailing Stop
- Guaranteed Stop
- Negative balance protection
- FREE email & push notifications on market events
- Alerts on price movements & Change %
Plus500 offers 50+ Forex Pairs
We offer the complete package:
- Tight spreads
- No commissions
- Leverage of up to 1:100
- Fast and reliable order execution
Trade Forex CFDs with Plus500
Trade the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP at Plus500. Use our advanced trading tools to protect your profits and limit losses.
Trade on 40+ Forex Pairs with Leverage
Trade forex with up to 1:100 leverage. With as little as ₪ 500 you can gain the effect of ₪ 50,000 capital!
Advanced Trading Tools
Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Get FREE real-time forex quotes and set indicators to easily analyse charts.
Easy Account Opening
Apply for an account in a few minutes, practice trading with our FREE unlimited Demo Account until you're ready to move to the next level.
Minimum deposit requirement: $100
Maximum leverage is up to 1:500
Account types: standard
Demo account: yes
Spread types: fixed
Spreads start from 2 pips
Currency pairs: 51
Minimum trade size: 0.01 lot
Guaranteed stop: yes
Negative balance protection: yes
Trading platforms: Plus500, Webtrader
Payment methods: credit cards, paypal, skrill, wire transfer
Automated trading: no
Customer support: phone, email
Are there any hidden fees?
There are no hidden fees at Plus500. Plus500 is mainly compensated for its services through the spread.
Can I have more than one trading account?
We recommend clients focus on one trading account, and we reserve the right to close subsequent accounts. However, each case will be assessed on an individual basis. If an additional trading account is permitted, it must be operated independently and it is not possible to transfer funds between the two accounts.
How can I get more virtual money to trade in my Demo account?
Once the balance of your demo account drops to 200 EUR (or equivalent amount) or below, the initial demo amount will be automatically reinstated by the system.
How to switch between the Real Money and Demo accounts?
You can choose your preferred account mode from the login screen or switch between the two accounts by clicking on “Switch to Demo Mode” or “Switch to Real Money” in the main platform screen or from the app’s menu.
How do I withdraw funds?
In order to make a withdrawal you should follow these instructions:
Click on “Funds Management” → “Withdrawal” → Select your preferred withdrawal method → Fill in the fields and click on the "Submit" button (on mobile devices, you can access the “Funds Management” screen from the menu button).
How do I deposit money?
In order to make a deposit and begin trading with Plus500 you should follow these instructions:
Click on “Funds Management” → “Deposit” → Select your preferred deposit method from the available options → Fill in the fields and click the "Submit" button (on mobile devices, you can access the “Funds Management” screen from the menu button). Each deposit method has its own minimum deposit level, and further information may be found in the Deposit screen on the trading platform. You can deposit using one of the following methods (note that some of the methods may not be available in your region):
- Debit/Credit cards - only Visa or MasterCard debit/credit cards are acceptable (there may be further limitations depending on your region).
- Electronic wallets (PayPal or Skrill).
- Bank transfer (direct bank to bank funds transfer).
How was the rating of Plus500 performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Plus500 FX broker performance and features.
Overall our online Plus500 review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Plus500 or you find inaccurate details Plus500 broker review please get in touch with us and the changes will be applied.