Plus500 review

Plus500 Review

Overall, Plus500 is a trustworthy multi-regulated online broker with no-commission trading and tight spreads. It offers 2000+ Forex and CFD products trading instruments and has a verified trust score of 96% out of 100. Plus500 is currently not regulated by the CBN.

Louis Schoeman

Updated : March 27, 2024

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

002 candlestick

Range of Markets

007 fees


001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit

USD 100 / 41450 NGN



Trading Desk


Total Pairs



Yes (Availability subject to regulations)

Trading Fees


Account Activation Time

24 Hours

Plus500 At a Glance

🏛️ HeadquarteredSydney, Australia
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2008
📱 Nigerian Office Contact NumberNone
⚖️ RegulationASIC, FMA, FSCA, FCA, CySEC, FSA, MAS
🔎 License Number• Australia – 417727
• New Zealand – 486026
• South Africa – 47546
• United Kingdom – FRN 509909
• Cyprus – 250/14
• Seychelles – SD039
• Singapore – CMS100648-1
⚖️ CBN RegulationNo
✴️ Regional RestrictionsThe United States
📱AppYes, on iOS and Android
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts1
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:30
📈 Leverage Restrictions for Nigeria?None
💳 Minimum Deposit (₦)41,600 Nigerian Naira
💳 Nigerian Naira Deposits Allowed?No, only USD, GBP, ZAR, and EUR
💰 Active Nigerian Trader Stats1.3 million
💰 Nigeria Daily Forex Turnover$1.25 million+

💳 Deposit Options• Debit Card
• Credit Card
• Bank Wire Transfer
• Skrill
• PayPal
💰 Segregated Accounts with Nigerian Banks?No
💻 Trading PlatformsProprietary mobile trading app mobile devices and web-based trading.
💰 Tradable Assets• Indices
• Forex
• Commodities
• Cryptocurrencies
• Shares
• Options
• Exchange-traded funds (ETFs)
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
⌛Withdraw Time24 – 36 hours on weekdays
📈 Offers Nigerian Stocks and CFDsNo
👨‍💼 Languages supported on WebsiteArabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Latvian, Lithuanian, Malay, Maltese, Polish, Portuguese, Romanian, Russian, Slovakian, Slovenian, Spanish, Swedish, Traditional Chinese, Turkish
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/7
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNo
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Plus500 a safe broker for Nigerians?Yes
✔️ Rating for Plus500 Nigeria9/10
✔️ Trust score for Plus500 Nigeria99%
👉 Open an account👉 Open Account

Plus500 Overview

Plus500 Review Overview

👉 According to research in Nigeria, Plus500, a multi-regulated online trading broker founded in 2008, offers a wide selection of more than 2,000 Forex and CFD products for trading on proprietary trading platforms that are simple to use.


👉 Their services include no-commission trading with tight spreads, many ways to fund your account, and a top-rated customer care team that is available 24 hours a day, seven days a week across several communication channels.


👉 Plus500 has subsidiaries across the globe in South Africa, the United Kingdom, Cyprus, Australia, Singapore, and Israel. Listed on the London Stock Exchange’s Main Market for Listed Companies, Plus500 is a constituent company of the FTSE 250 Index. Plus500 is overseen by some of the world’s most reputable regulatory bodies in various countries.


👉 This Plus500 review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.


Plus500 Distribution of Traders

plus 500 distribution of traders

👉 The distribution of traders who are active on the website of Plus500 is as follows:

➡️️ Spain – 9.7%

➡️️ Italy – 9%

➡️️ Germany – 8.09%

➡️️ United Kingdom – 7.7%

➡️️ Netherlands – 7.06%


Popularity among traders who choose Plus500

🥇 While Plus500 has a market share of less than 4% in Nigeria, it is a broker that provides its services to all types of Nigerian traders, placing the broker in the Top 50 brokers for Nigerian traders. There has been a decreasing online search volume in Nigeria for the word “Plus500” in the last 12 months.

plus500 online popularity trends

Plus500 Regulation and Safety of Funds

Plus500 Review Regulation And Safety

👉 Plus500 is a leading provider of CFD trading across several asset classes. Plus500 has a high trust score and is considered one of the best online brokers today. Plus500AU Pty Ltd is an Australian-based company that is headquartered in Sydney, providing Australian traders a range of trading solutions.


👉 Plus500AU Pty Ltd is regulated and authorized by the Australian Securities and Investments Commission (ASIC) under AFSL number 417727. In addition, Plus500AU Pty Ltd is also overseen by the Financial Markets Authority (FMA) in New Zealand as a Financial Services Provider, with license number 486026.


👉 Plus500AU Pty Ltd is also a registered and regulated FSP in South Africa regulated by the Financial Sector Conduct Authority (FSCA) under license number 47546. Plus500UK Ltd is authorized and regulated by the reputable Financial Conduct Authority under the number (FRN 509909).


👉 Plus500Cy Ltd is an entity that is registered in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 250/14. Plus500SEY Ltd is registered in Seychelles, with regulations through the Financial Services Authority under license number SD039.


👉 Plus500IL Ltd is registered in Israel to operate the proprietary trading platform. Lastly, Plus500SG Pte Ltd has a capital markets services license with the Monetary Authority of Singapore under license number CMS100648-1.


👉 According to Plus500, client fund protection is guaranteed, with funds kept in segregated bank accounts with top-tier financial institutions. In doing this, Plus500 ensures that it is compliant with all relevant regulatory requirements of market regulators and any other entities.

Plus500 Account Types and Features

👉 Plus500 offers one account option for all types of traders in the form of a standard account. This account is tailormade to suit the needs and objectives of professional and casual traders regardless of their trading styles, experience, or their level of skill.

Live Trading Accounts

Plus500 Review Live Trading Account

👉 The account features offered by Plus500 include the following:

➡️️​ A minimum deposit amount of 41,600 Nigerian Naira or an equivalent to $100.

➡️️​ The ability to trade over 2,000 financial instruments spread across forex major pairs, minor pairs, and exotic pairs, indices, commodities, shares, ETFs, cryptocurrency trading, and options.

➡️️​ Access to a powerful proprietary trading platform.

➡️️​ Variable spreads from 0.8 on EUR/USD.

➡️️​ Maximum leverage up to 1:30 according to the region of the trader and where they register their trading account, with higher levels available to some regions.

➡️️​ Guaranteed commission-free trading.

➡️️​ Traders who register an account with Plus500 must note that it does not cater to retail traders from all areas. Plus500 UK Ltd and Plus500CY Ltd do not accept retail clients from the regions covered by these entities.

➡️️​ Clients in these regions only have access to a Professional Account, which can only be accessed by professional traders who meet the criteria. Such criteria can include having the necessary trading activity in the past 12 months, a financial portfolio consisting of more than half a million US dollars, and the necessary experience in the financial sector.


Demo Account

Plus500 Review Demo Account

👉 A demo account is a practice account that offers Plus500 clients a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 


 👉 There is a certain degree of risk involved when trading financial markets and Plus500 offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.


Islamic Account

Plus500 Review Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.


👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.


👉 Plus500 allows for Islamic trading and offers its Muslim traders the opportunity to participate in several financial markets. Traders can convert their trading accounts to Islamic Accounts once registration and verification of the account have been completed.

Account Registration

Step By Step Video Guide 👇🏿

👉 It only takes a few minutes for traders to register an account with Plus500. Traders can visit the official website of Plus500 where they can select the option to register. They can then complete a short online application, providing them access to the web-based platform and the new trading account.


👉 From here, traders can complete their registration and upload the necessary documents to verify their identity and proof of residence. Once this has been verified, traders can fund their accounts and start trading.


How to Register an Account on Plus500

👉 Step 1 – Go to the Plus500 Website

➡️ Go to the official Plus500 website at – Click on “Start Trading”.

Plus500 Review Account Registration Step 1

👉 Step 2 – Fill Out Your Details

➡️ Fill out your e-mail address and create a password for your account. Now click on “Log In”.

Plus500 Review Account Registration Step 2

👉 Step 3 – Your Account Is Now Active

➡️ Your account is now active. You can verify your account by clicking on the three stripe menu, click on account, and then “Verify Account”.

Plus500 Review Account Registration Step 3

Plus500 Vs Alpari VS AvaTrade – Broker Comparison

📱 Trading PlatformPlus500 mobile and web-based trading platformMetaTrader 4
MetaTrader 5
• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
💰 Withdrawal FeeNoneYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit41,600 NGN1,000 NGN41,500 NGN
📈 Leverage1:30Up to 1:10001:400
📊 Spread0.8 pipsFrom 0.4 pipsFixed, from 0.9 pips
💰 CommissionsNone$1.5None
✴️ Margin Call/Stop-OutNone60% and 40%25%/10%
✴️ Order ExecutionNoneInstant and MarketInstant
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account TypesStandard Live Account• Forex Standard Account (MT4)
• Forex Micro Account (MT4)
• Forex ECN Account (MT4/5)
• Forex Pro Account (MT4)
• Retail Investor Account
• Professional Account
⚖️ CBN RegulationNoNoNo
💳 NGN DepositsNoYesNo
📊 Nigerian Naira AccountNoYesNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts141
☪️ Islamic AccountYesYesYes

Plus500 Trading Platforms

Plus500 Review Trade Options

👉 Plus500 offers a proprietary platform that is accessible for Apple iOS, Android, Windows Phone, and Windows 10. In addition, traders can also use the web-based platform, which can operate in most common browsers. Plus500 offers its own unique trading system.


👉 There are no restrictions on the functioning of any of the platforms. For individuals who need to access their accounts and trade while on the road, the trading apps are a bonus. Traders can trade more than 2,000 financial products across several markets using the Plus500 trading platform, which is easy to use and offers reasonable spreads and no fee.


👉 It is easy to use and has a clean design and feel, making it suited for traders of all levels of experience. Traders can easily look for instruments according to their name and download charts for the ones that the trader wants to view.


👉 Positions can be entered using the buy and sell buttons on the interface, and prices are updated in real time. Market orders, limit orders, stop-loss orders, trailing stop orders, and a guaranteed stop order are all accepted.


👉 Traders can also set up email, SMS, and push notifications to be notified when certain market events, such as price changes and shifting sentiment, occur so that they do not miss out on important information.


👉 The platform’s top bar displays a summary of the trader’s current portfolio’s status. Charting options abound on the Plus500 platform, with a variety of chart types are available, from candles to bars to lines, in a variety of times and a variety of styles. The most popular technical indicators are accessible, and in addition to identifying support and resistance levels and calculating Fibonacci retracements, sketching tools are available for these purposes as well.


👉 Traders also have access to a comprehensive news feed detailing events and the potential influence on markets they could have in real-time on a built-in economic calendar, as well as current, past, and anticipated outcomes.


👉 By timing and effect, news can be narrowed down to certain audiences. Fundamental analysis benefits from using this calendar. Two-step authentication ensures that only authorized users may access the site. Google and Facebook login options are also available for those who prefer them.


👉 MetaTrader is the most common trading platform offered by most brokers; however, the Plus500 platform is sleek and contemporary, offering all the features that most traders would ever want in a single, easy-to-to-use interface.


Overall Rating

Min Deposit

USD 100 / 41450 NGN



Trading Desk


Total Pairs



Yes (Availability subject to regulations)

Trading Fees


Account Activation Time

24 Hours

Plus500 Range of Markets

Plus500 Review Range of Markets

👉 Plus500 offers more than 2,000 financial instruments including:

➡️️​ Forex CFDs include over 70 major pairs, minor pairs, and exotic pairs.

➡️️​ Index CFDs include USA 500, US-TECH 100, UK 100, and others.

➡️️​ Cryptocurrency CFD trading features over 10 popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, and XRP.

➡️️​ Commodity CFDs include the Chicago Board of Trade (CBOT), Intercontinental Exchange (ICE), and the New York Mercantile Exchange (NYMEX).

➡️️​ Stock CFDs from several popular exchanges including the New York Stock Exchange, London Stock Exchange, Tokyo Stock Exchange, and others.

➡️️​ Options CFDs include Germany 30, Facebook, Oil, and others.

➡️️​ ETF CFDs include VXX Volatility, SPDRUSA500, and many others.

Plus500 Broker Comparison for Range of Markets

➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoYes
➡️️​ OptionsYesNoYes
➡️️​ EnergiesYesNoYes
➡️️​ BondsNo


Plus500 Trading and Non-Trading Fees

Plus500 Trading and Non-Trading Fees


Plus500 Review Spreads

👉 The spreads that traders can expect with Plus500 will be determined by the financial instrument they trade and the market conditions on the trading day. The average spreads that traders can expect on popular currencies such as EUR/USD starts from 0.8 pips.



Plus500 Review Commissions

👉 Plus500 does not charge any commissions on financial instruments, which is why the spreads are slightly higher than that of competitors.


Overnight Fees, Rollovers, or Swaps

Plus500 Review Overnight Fees

👉 Overnight fees are determined by several factors and the overnight fees on EUR/USD with Plus500 gives traders an idea of what they can expect overall. The overnight fees applicable to EUR/USD is -0.0074% when traders buy (go long) and -0.0039% when traders sell (go short).


Deposit and Withdrawal Fees

Plus500 Review Deposits and Withdrawals

👉 As part of Plus500’s commitment to providing traders with the best trading conditions, the broker covers most payment processing fees. However, there may be some fees charged on international credit card and debit card transactions as well as any incoming and outgoing bank transfer, especially where an unsupported deposit currency is used.


Deposits and Withdrawals

Plus500 Review Deposits and Withdrawals

👉 Plus500 offers the following deposit and withdrawal methods:

➡️️​ Debit Card

➡️️​ Credit Card

➡️️​ Bank Wire Transfer

➡️️​ Skrill

➡️️​ PayPal


Process to Withdraw Funds from a Plus500 Account

👉 To withdraw funds traders can select “Fund Management” and “Withdrawal”. From here, traders can choose their preferred withdrawal method and complete the required fields before they submit the request.


👉 The request will be processed by the Plus500 finance department and subsequently paid to the trader, with funds reflecting within the processing time of each distinct withdrawal method.

Overall Rating

Min Deposit

USD 100 / 41450 NGN



Trading Desk


Total Pairs



Yes (Availability subject to regulations)

Trading Fees


Account Activation Time

24 Hours


How to Withdraw Funds From Your Account 

👉 Step 1 – Click on the Menu

➡️ Click on the menu (three stripes) in the top left corner when you are signed in on your account. 

Plus500 Review Step 1

👉 Step 2 – Click on “Funds”

➡️ Click on “Funds” when the menu opened.

Plus500 Review Step 2

👉 Step 3 – Click on “Withdraw”

➡️ Click on “Withdraw” and withdraw the funds from your account.

Plus500 Review Step 3

Plus500 Education and Research

Plus500 Eeview Education

👉 Plus500 offers beginner traders a wide range of educational materials in the form of trading videos and articles to help them improve their overall trading knowledge. The official website of Plus500 also has several FAQ sections that provide additional explanations on markets and services offered.


👉 The trading guides that are offered by Plus500 are decent and they feature several “How-To” educational videos that can help traders establish a solid foundation for investment decisions.


👉 The news feed and market insights can further assist traders in navigating complex instruments and their associated markets. Several interesting articles can be found under this section and traders can also access market news to help them with fundamental analysis.


👉 Plus500 offers a comprehensive collection of trading tools and research, including:

➡️️​ An economic calendar with data from the Dow Jones, forming an integral part of any fundamental analysis.

➡️️​ Risk Management tools include the ability to set price levels, use guaranteed stops and other orders, and trailing stops.

➡️️​ Traders can access real-time alerts that they can set to be sent via email, SMS, or push notifications, allowing traders to remain updated.

➡️️​ Price Alerts can be set to alert traders if a financial instrument reaches a certain price, helping traders react to any price changes that may occur.

➡️️​ Change %, either daily or hourly, offers an instant alert when there is price movement on an instrument. Traders can set this to daily or hourly, according to their preferences and trading plan.

➡️️​ Traders Sentiment provides an automatic alert when there is a certain percentage of buyers and sellers of an instrument that reaches a predetermined amount, according to the trader’s preference. This sentiment analysis is often used by experienced traders who use a contrarian trading strategy.

How To Minimize Risk While Trading? 

How To Minimize Risk While Trading? 

1. Use Stop Losses

👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.


👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.


👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.


2. Use Proper Lot Sizes

👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.


👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.


3. Control Your Losses

👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.


👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.


4. Use Leverage Carefully

👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.


5. Choose The Time Of Day That You Trade

👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.


👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.


👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.


6. Buy The Rumor, Sell The News

👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.


👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.

Alternative Brokers to Plus500

Alternative Brokers to Plus500

➡️ TD Ameritrade

➡️ AvaTrade 

➡️ ACY Securities


➡️ Pepperstone

➡️ Webull

All About Plus500’s Rebate System

All About Plus500's Rebate System

How much rebate can I pay back?

👉 Rebate percentage can be set to be anything between 0% and 100%.


Payment schedule

👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.


👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.

Plus500 Affiliate Program

Plus500 Review Affiliate Program

👉 The Plus500 affiliate program is hailed for its high conversion tools and innovative marketing solutions, helping partners maximize the potential of their websites while simultaneously promoting Plus500. Every partner is given access to a dedicated affiliate manager to assist them in their operations.

How to Sign Up for the Plus500 Affiliate Program

👉 Step 1 – Go to 

➡️ Go to the official Plus500 website at

Plus500 Review Step 1 for Affiliate Program

👉 Step 2 – Go to Company in the Dropdown

➡️ Go to “Company” in the menu and click on “Affiliate”.

Plus500 Review Step 2 for Affiliate Program

👉 Step 3 – Click on “Join Now”

➡️ Click on the “Join Now” button and fill out your details. 

Plus500 Review Step 3 for Affiliate Program

Verdict on Plus500

👉 Regulated and well-established, Plus500 is a leading online trading broker with a broad selection of trading instruments for a wide variety of markets. Traders may access their trading platform from a variety of devices, including desktops, laptops, and smartphones.


👉 In addition to the practice account, 24/7 customer service is available for any general or technical issues that traders may have. The spreads available are competitive, and there are no additional expenses for using Plus500’s proprietary platform or trading solutions.


👉 Plus500 is an ideal broker for Nigerian beginner traders and professional investors who want a safe, trusted broker with some of the best trading conditions in the forex market.


👉 If you are an individual looking for a low-cost trading platform and a large selection of financial markets, Plus500 is for you. Positive balance protection imposed by the European Securities and Markets Authority (ESMA) in 2018 ensures that Plus500 customers are protected and cannot lose the capital invested in their accounts.


👉 For experienced traders, Plus500’s web-based platform’s most enticing feature is that it is simple to use and familiar in structure. Within a single window, clients can choose between over 2,000 financial instruments, assess their choice on a customisable technical analysis chart, and make their trade in a matter of seconds.


👉 However, despite its features, Unlike other online CFD brokers, Plus500 does not provide any unique features. Expert advisors and other types of trading algorithms cannot be used to automate the trading process, and customers cannot handle third-party funds using PAMM or MAM trading platforms or use back-testing tools.


👉 Some markets provide guaranteed stops, but they come with a higher spread and cannot be applied to transactions that have already been started. In addition, there is an inactivity fee that is charged if the trading account becomes dormant. This fee is subtracted from the account balance until it reaches zero, after which the account will be closed, and traders must reapply to use it again.

Plus500 Pros and Cons

✔️ Pros❌ Cons
Plus500 is well-regulated and has a high trust scoreThere is an inactivity fee charged on dormant accounts after a few months of inactivity
There is multilingual customer service offered 24/7 across communication channelsGuaranteed stops come at an additional charge
All client funds are held in segregated accounts
Plus500 restricts retail traders in certain regions
There is a wide range of markets to choose fromRestricted maximum leverage
The trading costs are low and can suit any financial restrictions that traders may have, especially novice tradersTrading strategies such as expert advisors, automated trading, hedging, scalping, and others, are prohibited
There are no commissions charged on tradesThere is no desktop platform offered
There are no deposit fees charged
The proprietary platform is robust

Frequently Asked Questions


Is Plus500 regulated and by whom?

Yes, Plus500 is regulated by ASIC, FMA, FSCA, FCA, CySEC, FSA, and MAS.

Does Plus500 offer leverage and what is the maximum ratio offered?

Yes, Plus500 offers leverage up to 1:30.

What account types does Plus500 offer?

Plus500 only offers a standard retail investor account.

What is the overall rating for Plus500 out of 10?

The overall rating for Plus500 is 9/10.

Is Plus500 suitable for beginner and professional traders?

Yes, Plus500 is suitable for all types of traders.

8.3/10 - (12 votes)