Plus500 Forex Broker provides real users with 3 positive reviews, 4 neutral reviews and 20 exposure review!
Software Index
Risk Control
There was a malicious 500-pip slippage with Plus500 , leading to forced liquidation. Be careful. The price difference could be as high as $30, while it is only 4 to 6 RMB on that in other platforms, only to make clients’ accounts liquidated. The service claimed that they have the right to do so. You investors take heed on it.
In 2025, Plus500 continues to establish itself as a reputable CFD trading platform, offering a user-friendly interface and a wide range of tradable instruments. However, while it is well-regarded for its competitive spreads and regulatory compliance, some users express concerns about the limited educational resources and lack of advanced trading tools. This review synthesizes insights from various sources, highlighting both the strengths and weaknesses of Plus500.
Note: It is essential to consider the differences among the various regulatory entities under which Plus500 operates, as this can impact user experience and protections. The information in this review reflects a comprehensive approach to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8.5 |
| Tools and Resources | 6.5 |
| Customer Service and Support | 7.0 |
| Trading Experience | 8.0 |
| Trustworthiness | 9.0 |
| User Experience | 8.0 |
| Educational Resources | 5.5 |
We evaluate brokers based on a detailed analysis of their offerings, user feedback, and expert opinions.
Founded in 2008, Plus500 has become a leading online broker specializing in Contracts for Difference (CFDs). The platform is headquartered in Israel and is publicly traded on the London Stock Exchange, providing a level of transparency and accountability. Plus500 operates through several regulated entities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). The broker offers a proprietary trading platform, known as WebTrader, which is designed for ease of use and accessibility across various devices. Plus500 provides access to a broad range of asset classes, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies, although trading in the underlying assets is not permitted.
Plus500 is regulated in multiple jurisdictions, including the UK, Cyprus, Australia, New Zealand, Singapore, and South Africa. This multi-regulatory framework enhances its credibility and ensures a high level of investor protection. For instance, clients in the UK are protected under the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 in case of broker insolvency. Additionally, all client funds are held in segregated accounts, providing an extra layer of security.
Plus500 accepts deposits in several major currencies, including USD, EUR, GBP, and AUD. The minimum deposit required to open an account is $100, which is considered accessible for most traders. As for withdrawals, Plus500 does not charge any fees, and processing typically occurs within one business day. However, users should be aware of potential fees from banks or payment processors.
The minimum deposit at Plus500 is $100, making it relatively easy for new traders to get started. This low barrier to entry is beneficial for those looking to explore CFD trading without a significant financial commitment.
While Plus500 does not typically offer bonuses or promotions, it provides a demo account that allows users to practice trading with virtual funds. This feature is particularly advantageous for beginners who wish to familiarize themselves with the platform before risking real capital.
Plus500 offers an extensive range of tradable instruments, including over 2,800 CFDs across various asset classes. This includes 65 currency pairs, commodities like gold and oil, stock CFDs from global markets, and cryptocurrency CFDs. However, it is important to note that Plus500 does not allow direct ownership of cryptocurrencies, as trading is conducted solely through CFDs.
Plus500 operates on a commission-free model, generating revenue primarily through spreads. The average spread for major currency pairs like EUR/USD is competitive at around 0.8 pips. However, users should be aware of additional costs such as overnight financing fees and a $10 inactivity fee after three months of account dormancy.
Leverage options at Plus500 vary by instrument and regulatory jurisdiction. Retail clients are typically offered leverage of up to 1:30 for major forex pairs, while professional clients can access leverage up to 1:300. This high leverage can amplify both potential gains and losses, making it crucial for traders to manage their risk effectively.
Plus500 exclusively offers its proprietary WebTrader platform, which is accessible via web browsers and mobile devices. Unfortunately, it does not support popular platforms like MetaTrader 4 or MetaTrader 5, which may limit options for experienced traders seeking advanced functionalities.
While Plus500 is available in over 50 countries, it does not accept clients from the United States, Canada, and several other jurisdictions. This restriction may limit access for some potential users.
Plus500 provides customer support in multiple languages, including English, Spanish, German, Italian, and more. The support team is available 24/7 via live chat and email, although there is no phone support available, which some users may find limiting.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8.5 |
| Tools and Resources | 6.5 |
| Customer Service and Support | 7.0 |
| Trading Experience | 8.0 |
| Trustworthiness | 9.0 |
| User Experience | 8.0 |
| Educational Resources | 5.5 |
Plus500 offers a straightforward account setup with a low minimum deposit. The account structure is simple, with only one type of live account available for retail traders, which may not cater to those looking for specialized accounts.
The platform offers basic tools for trading but lacks advanced features such as algorithmic trading or extensive research resources. The introduction of the + Insights tool provides some market sentiment data, but overall research offerings remain limited.
Customer support is generally well-rated, with quick response times via live chat. However, the absence of phone support may be a drawback for some users needing immediate assistance.
The proprietary WebTrader platform is user-friendly and designed for ease of access, making it suitable for beginners. However, experienced traders may find the lack of advanced tools limiting.
Plus500 is highly regulated and has a strong reputation in the industry, bolstered by its public listing and adherence to strict regulatory standards. This contributes to a high trust score among users.
Overall, users report a positive experience with the platforms interface and functionality, though some suggest that it could benefit from a more modern aesthetic and additional features.
While Plus500 offers some educational materials, including a trading academy, the resources are considered limited compared to competitors, making it less suitable for traders seeking comprehensive training.
In conclusion, Plus500 remains a solid choice for traders seeking a reliable and user-friendly platform for CFD trading. Its strengths lie in its regulatory compliance, competitive spreads, and ease of use, while areas for improvement include enhancing educational resources and expanding trading tools. Before committing to trading, potential users should carefully evaluate their trading strategies and risk tolerance.