Plus500 Review in 2025 Spreads & Fees Compared
The online reputation of Plus500 is generally positive, with an overwhelming majority of users reporting they are happy with how the platform works on computer and mobile devices. Plus500 is an international online trading platform, founded by six alumni of the Technion – Israel Institute of Technology in 2008. Today, it has subsidiaries in the USA, the UK, Japan, Australia, Israel, Singapore, Seychelles, Estonia, Cyprus, and Bulgaria.
Futures and Options
- It’s publicly listed on the London Stock Exchange, adding a layer of transparency and accountability.
- Spreads in indices and commodities were about average for the industry.
- Overall, Plus500 is one of the lowest cost trading platforms out there.
- However, here’s where Plus500 is different, and can come in cheaper – you will only pay the currency conversion fee on the net profit (or loss) of your trade, not the total value of your position.
- It can display charts in a variety of timescales, from tick to weekly, and in a variety of chart formats, including candles, bars, and lines.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- Interactive Brokers (IBKR) offers the widest selection of research from third-party providers than any other broker we review, making it an excellent choice for research.
You’ll find all the popular shares such as Apple, Microsoft, Tesla – you name it, it’s probably listed. For instance, if you set a trailing stop of 20%, your trade will keep rising until the price changes direction and drops 20% from the highest price (its peak). This means you can benefit from the price rising for as long as it does until the market changes direction.
Can I practice trading on Plus500 before using real money?
On Plus500’s website, users can navigate to the Trading Academy, a page dedicated to learning trading, where they can find educational ebooks and videos. What it does offer is the economic calendar, which is pretty neat and easy to use. There’s not a whole lot of detail about the events, but Plus500 does display their expected impact, related instruments, and any actual, forecast, or previous figures available. When it comes to research, Plus500’s offerings are a far cry from the comprehensive resources that some larger brokers are able to provide. You can personalise your charts with more than a dozen chart types and more than 20 drawing tools.
That means that as a user of the Plus500 platform, you will not trade in the international markets but in the internal ecosystem created by the CFD provider. Over 90 ETFs distributed in various types of instrument-based market sectors, industries, major indices and other kinds of assets. However, there are plenty of commodities options related to these assets. It’s worth noting that Plus500 does not accept US traders, but is provides CFD trading services in around fifty other countries across Europe and the Asia-Pacific region. The lack of phone support is disappointing and means Plus500 lags behind full-service brokerages such as Hargreaves Lansdown or Saxo Markets in this respect.
The proprietary trading platform offered by Plus500 is highly rated and recommended for traders seeking sophisticated, yet user-friendly trading tools. It aligns well with the needs of both novice and experienced traders. Plus500 operates on a commission-free model, meaning that traders are not charged a direct commission for executing trades. Instead, the broker includes its fees in the spread, which is the difference between the bid and ask price of an asset. This commission-free structure appeals to many retail traders who want to avoid hidden or additional costs.
Plus500 Deposit Options and Fees
- The CFD provider offers an economic calendar for every asset listed on the platform.
- They have a zero costs policy and great selection of more than 2,000 assets.
- It’s worth noting, however, that leverage is a double-edged sword and can also increase losses if the market turns.
- Its limited pool of financial instruments definitely has room for improvement, while its lack of portfolio management and tax-advantaged accounts leave much to be desired.
- Below is a detailed review of Plus500’s trading platforms and their features.
- You can personalise your charts with more than a dozen chart types and more than 20 drawing tools.
You can compare Plus500’s platform offering with alternatives below. There’s no built-in trading journal or tax accounting tools within the platform, either. Looking at the positives, I find trading with Plus500 intuitive thanks to its user-friendly platform accessible via a web browser or mobile device. Note that the availability of trading instruments might vary based on your location.
Risk Management
It is important to note that a Guaranteed Stop Order can only be plus500 forex review placed when opening a new position and only during the trading hours of the corresponding instrument. Once the order is placed, it cannot be canceled, but the stop level can be changed. Market execution of orders is also preferable for many traders, as it ensures the fastest transaction execution. For account verification, you must enter your details, including your full name and residential address. You will need to confirm these details with scans of your documents.
Helping Traders Make Informed Decisions
This extensive selection makes Plus500 an excellent platform for traders looking to explore various markets. Plus500 offers over 2,000 tradable instruments, including forex, indices, commodities, shares, ETFs, and cryptocurrencies. One of the key educational tools offered by Plus500 is its free demo account. This is an invaluable resource for both beginners and experienced traders who want to practice strategies in a risk-free environment. Plus500 is known for its competitive pricing structure, offering traders a clear and transparent approach to fees. This review provides a detailed breakdown of Plus500’s trading fees, including spreads and non-trading fees, ensuring traders have a comprehensive understanding of the cost structure before trading.
Standard Account
Overall, Plus500’s trading platforms are meticulously crafted to provide traders with a seamless, user-friendly, and efficient trading experience, accessible through web-based platforms or mobile apps. This design empowers traders to effortlessly manage their positions and execute trades effectively. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider.
Before opening an account with Plus500 or any other broker, it’s crucial to conduct thorough research, review the broker’s terms and conditions, and consider your risk tolerance. The financial markets come with inherent risks, and while Plus500 offers a user-friendly platform, it’s essential to approach trading with caution and informed decision-making. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.