The only way users can contact the Plus500 customer support and receive any sort of assistance is in writing. They can either use the live chat, or the contact form available on the Plus500 website’s Contact page, to contact the support team by email. 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. Plus500 is a well-established and trusted broker, regulated by the proper authorities in every country it operates.
Plus500 provides multiple order types, though not as many as you’ll find on some competitor platforms. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Which Markets does Plus500 offer?
That said, while Plus500’s selection covers the most prominent and widely followed indices, it may be considered limited compared to other platforms. 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. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
How is Plus500 Customer Service?
This broker provides CFD trading services on over 2,000 securities and asset classes, including forex, options, indices, ETFs, cryptocurrencies and stocks. Fans of low fees, diverse options and generous trading conditions, listen up. Plus500 is one of the most popular online brokers in the business because it can be all things to all traders. For example, if you’re a professional, you can trade with higher leverage and tighter spreads on request. However, seasoned traders and those looking for extensive research tools or a broad spectrum of tradable assets beyond futures contracts, might find Plus500 somewhat limiting. Weigh these aspects against your trading goals and conduct thorough comparisons with other platforms to find the best match for your investment needs.
With Plus500, both retail and institutional traders can invest in all the new stocks issues from day one. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.
Customer Reviews
It should not be assumed that the methods, techniques, or indicators presented plus500 canada in these products will be profitable, or that they will not result in losses. The Plus500 futures trading platform charges specific trading fees based on the type of contract. There is a commission of $0.49 per micro contract and $0.89 per standard contract (per side).
These futures may be enough to gain exposure to major interest rate movements, but compared to the competition, Plus500’s offer seems limited. While far from the most extensive list, Plus500’s offerings in terms of metal futures will be good enough for most traders. But for traders who are looking for a broader array of metals, including lesser-traded and more specialized commodities like palladium, aluminum, or zinc, Plus500 will not meet the expectations. In the US, Plus 500’s investment product offerings are limited to futures contracts. Plus500 is best suited to futures traders with a focus on major markets looking for an easy-to-navigate platform, with minimal fees. That said, like its WebTrader counterpart, the Plus500 trading app lacks the advanced tools and all-around functionality to challenge the best mobile trading apps.
- You do not own the underlying asset but trade the difference between opening and closing price.
- Weigh these aspects against your trading goals and conduct thorough comparisons with other platforms to find the best match for your investment needs.
- Charts are available in a variety of time intervals from 1 week to 1 minute, as well as tick charts.
- The following section will dive deeper into Plus500’s trading tools and features, as well as the platform’s research and learning materials offerings.
As we’ve already noted, withdrawals at Plus500 are free until the monthly limit is reached. Plus500 has gone above and beyond to ensure you get to trade CFDs in the way you want. For example, there are 28 indices, including the UK 100, Germany 30 and USA 500. You can also trade CFDs on emerging indices like the Cannabis Stock Index. Whether or not you should trade with Plus500 largely depends on your individual trading preferences and experience.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Pricing parameters will be similar to international markets; however, values can be slightly higher or lower as internal liquidity and volatility will be independent of global markets.
Forex CFDs
Second, although it is not available for all instruments, guaranteed stops can be set only before opening your position, never after placing your trade. Overnight fees are charged or added on basically every asset on Plus500, since it is a purely CFD provider. In line with its transparency, you can check the amount of the overnight fee on every single asset. MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) are great tools for fund managers to control multiple accounts from a single one without having to create an investment fund. The flagship and more popular account in Plus500 is the standard account. You can start trading with just $100 after completing an opening process based on regulatory rules.
The CFD provider offers an extremely user-friendly trading platform of their own to all traders. It is available both as a webtrader, and as a mobile trading platform on all major devices and browsers. The platform provides essential trading tools and allows users to monitor trades, analyze charts, and create watchlists. Compared to the popular Meta Trader 4, Plus500’s platform offers significantly less functionality and customization options, making it much easier to use. It’s easy to get started with and use for both experienced and less-experienced traders. It focuses on providing you with the most important information, but lacks advanced features.
- There is a commission of $0.49 per micro contract and $0.89 per standard contract (per side).
- Users can start trading by clicking the Start Trading tab on the broker’s homepage.
- You can open a demo account to try the CFD platform, learn CFD basics, or just to learn and test new strategies every single day.
- Funds are deposited and withdrawn through bank wire transfers, debit cards and e-wallets like PayPal and Skrill.
- The only way users can contact the Plus500 customer support and receive any sort of assistance is in writing.
Forex Risk Disclaimer
If you are new to trading, particularly futures contracts, and seek a straightforward, user-friendly platform with robust mobile support, Plus500 could be an excellent fit. Its simplicity, combined with a diverse range of the most popular futures contracts across various markets, appeals to beginners or those who prefer a no-frills trading experience. While Plus500 offers basic information in real time about the user’s account, transactions, balances, and profit/loss breakdowns, it doesn’t provide any noteworthy portfolio management tools or features.
14 cryptos feature the most common ones such as bitcoin, ethereum, litecoin, ripple and more. That being said, the average spreads on Forex trading are slightly higher than other platforms. Consistent with the Plus500 zero fees policy, almost all withdrawals have zero fees. However, a small fee for withdrawals will be charged if it is less than the minimum amount of $50 on eWallets and $100 for other withdrawal methods. The minimum Plus500 deposit can vary depending on the payment method. Credit cards have a $100 minimum deposit, while the lowest amount is $500 with wire transfers.
While Plus500 currently has a limited array of educational materials, it remains a good choice for beginners due to its software’s ease-of-use factor. The design simplicity of the Plus500 trading platform makes it easy for a beginner to navigate and learn the software, compared to the complex trading platforms offered by other brokers. Plus500’s simplified trading platform attracts beginners looking for a user-friendly experience and delivers a growing selection of educational content. In our 2025 Annual Awards, Plus500 earned Best in Class honors for our Trust Score, Ease of Use, and Beginners categories. However, while strides continue to be made, Plus500’s narrow selection of market research will leave active traders wanting more. The demo account does not require you to fund your account with real money as all tradable assets are virtual and you will trade with zero risks.
Plus500 offers over 100 indicators and more than 20 drawing tools in its proprietary platforms. Traders have a charting ecosystem where they can explore and expand technical analysis. Over 90 ETFs distributed in various types of instrument-based market sectors, industries, major indices and other kinds of assets. As Plus500 is a CFDs platform, every asset listed on the platform is offered in CFDs. You do not own the underlying asset but trade the difference between opening and closing price.
