All content on this website is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
10 min read
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
CFD stands for the term Contract for Difference. It is an inexpensive contract that allows you to trade a wide range of financial instruments, speculating on the difference in the value of the underlying trading instrument or security. A CFD deal lasts from the moment of its conclusion to the moment of closing. This derivative allows you to trade assets in the global markets without actually owning them. One of the benefits of trading CFDs is that you can speculate on price movements in any direction, both up and down. Your profit or loss depends on whether your forecast comes true. CFDs are one of the best instruments for individuals. All you need is to find a reliable broker, and this Plus500 review will help you make the right choice.
About Plus 500
There are many CFD brokers that provide an opportunity for individuals and investors to trade CFD financial instruments of the world's financial markets. And Plus500 favorably stands out from the crowd. This international brokerage company was created in 2008 and is headquartered in Israel. In only a few years, it became the leading online Forex and CFD platform, surpassing two million transactions per month in 2011. In 2013, Plus 500 was listed as a publicly traded company in the AIM section of the London Stock Exchange, and soon its market capitalization exceeded $1 billion.
There are many CFD brokers that provide an opportunity for individuals and investors to trade CFD financial instruments of the world's financial markets. And Plus500 favorably stands out from the crowd. This international brokerage company was created in 2008 and is headquartered in Israel. In only a few years, it became the leading online Forex and CFD platform, surpassing two million transactions per month in 2011. In 2013, Plus 500 was listed as a publicly traded company in the AIM section of the London Stock Exchange, and soon its market capitalization exceeded $1 billion.
The company serves Forex and CFD traders through its subsidiaries licensed in major financial centers in the UK, Cyprus, Israel, Singapore and Australia. Plus500 offers over 2,000 trading instruments including currency pairs and CFDs on stocks, indices, commodities, ETFs, options and digital assets. In 2017, the broker began trading cryptocurrency CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and IOTA. The traders can operate via desktop, mobile, tablet and web platforms.
Plus500 in figures
Date of foundation
2008
Number of trading instruments
2000+
Minimum deposit
USD 100
Minimum trade
USD 1
Leverage
1:300
Spreads
from 0.6pips
Plus500 App installations
10M+
Customer service
24/7
Active customers
400,000
2020 revenue
$872.5M
Regulation
Plus 500 is a fully legitimate company which is proved by several licenses from the most reputable financial regulating bodies in the world. It adds more reliability to its listing on the prestigious London Stock Exchange. It has valid permits from the following authorities:
The United Kingdom Financial Authority(FCA)
The Cyprus Securities and Exchange Commission(CySEC)
The Monetary Authority of Singapore(MAS)
The Israeli Securities Authority(ISA)
The Australian Securities and Investments Commission(ASIC)
Furthermore, the company is strictly following special measures to ensure the security of customers' funds. It includes:
- Use of segregated bank accounts for customers' funds;
- The company uses its own funds for hedging;
- The broker does not invest funds of individuals.
- Use of segregated bank accounts for customers' funds;
- The company uses its own funds for hedging;
- The broker does not invest funds of individuals.
Registration
Plus500 online trading becomes accessible after creating an account on the platform. The registration process is very fast and simple:
If you only want to learn more about the platform and test its performance and features, it will be enough to open a Plus500 demo account. For this, you will need to fill out a short form, enter your email address and choose a password. The broker will also allow you to enter its platform using your Google or Facebook account details.
The procedure is somewhat different when you want to open a real account. In this case, you will have to provide much more information and copies of the documents to identify your identity and confirm the place of residence. Only after submitting all these docs, the trading account will be activated. Besides, to get access to the trading process, you need to top up your account with the Plus500 minimum deposit.
If you only want to learn more about the platform and test its performance and features, it will be enough to open a Plus500 demo account. For this, you will need to fill out a short form, enter your email address and choose a password. The broker will also allow you to enter its platform using your Google or Facebook account details.
The procedure is somewhat different when you want to open a real account. In this case, you will have to provide much more information and copies of the documents to identify your identity and confirm the place of residence. Only after submitting all these docs, the trading account will be activated. Besides, to get access to the trading process, you need to top up your account with the Plus500 minimum deposit.
Account types
There are only two accounts to choose from – Plus500 demo and real money trading account.
DEMO ACCOUNT
Plus500 invites traders to test its platform absolutely for free – you can open a training account with zero investments. The demonstration mode can be used in a variety of ways, including but not limited to the following:
- Novice traders can use it to enhance their trading skills and experience in a risk-free environment using virtual funds
- It is a great opportunity to check if the chosen platform meets your criteria and requirements before you activate a real account
- Traders can use it to test their trading strategies in an imitating trading environment without risking their capital
| Learn more |
TRADING ACCOUNT
It gives a trader full-fledged access to online trading:
- Minimum deposit $100
- Access to over 2,000 traded financial instruments
- Variable spread is from 0.6 pips on EUR / USD
- Leverage is up to 1:300 depending on the trader's location and, accordingly, the jurisdiction in which his account is created
- Trading without commissions
| Learn more |
DEMO ACCOUNT
Plus500 invites traders to test its platform absolutely for free – you can open a training account with zero investments. The demonstration mode can be used in a variety of ways, including but not limited to the following:
- Novice traders can use it to enhance their trading skills and experience in a risk-free environment using virtual funds
- It is a great opportunity to check if the chosen platform meets your criteria and requirements before you activate a real account
- Traders can use it to test their trading strategies in an imitating trading environment without risking their capital
| Learn more |
TRADING ACCOUNT
It gives a trader full-fledged access to online trading:
- Minimum deposit $100
- Access to over 2,000 traded financial instruments
- Variable spread is from 0.6 pips on EUR / USD
- Leverage is up to 1:300 depending on the trader's location and, accordingly, the jurisdiction in which his account is created
- Trading without commissions
| Learn more |
Platforms
Plus500 broker has developed a unique trading platform for their clients. This broker has invested a lot of resources and time to create a platform that will satisfy all the clients' needs and will be convenient for traders. The program is compatible with almost all devices on the market: Android, iOS, Windows and Mac. You can use Plus500 trading terminal as a browser application. Minimal deposit in South Africa with Plus500 trading platform, check it out!
Platform
Windows 10
WebTrader
Mobile
OS Compatibility
Desktop version
Web version
Android and iOS
Market execution
Scalping and hedging
Automated trading
Other details
The interface is simple and conveniently organized in four tabs. It will be ideal for users who do not need Plus500 download on their computers
WebTrader combines Java and html capabilities in a sleek user interface; the layout looks more orderly than the desktop version. It has a wide range of functions. WebTrader has an improved design and interface compared to the desktop version.
The mobile app is easy to use, but there is still a lot of room for improvement in terms of the number of features, including news, research, and tools for charting.
Plus500's trading platform is very user-friendly and perfect for beginners. But despite a wide range of trading assets, there are practically no tools for market analytics and no support of MT4. The design of the programs is simple and does not distract from trading. Some elements of the platform can be customized based on the preferences of the trader.
Plus500 incentives
The broker attracts new traders with two loyalty approaches:
- DiscountsIt is very easy to receive discounts on this platform – your individual discount program is activated twelve days after you make your first deposit. Every time you make a new transaction, you receive a further discount. You will be able to use all accumulated discounts on the weekly basis.
- Trader's pointsTrader points are credited to traders every time they open a trading position. Trading points are collected based on the difference between the buying and selling rates of a particular instrument. On the official site, you will find a special table that shows the number of Trader Points (TPoints) for each instrument that you will receive for a trade of $1.000.
- DiscountsIt is very easy to receive discounts on this platform – your individual discount program is activated twelve days after you make your first deposit. Every time you make a new transaction, you receive a further discount. You will be able to use all accumulated discounts on the weekly basis.
- Trader's pointsTrader points are credited to traders every time they open a trading position. Trading points are collected based on the difference between the buying and selling rates of a particular instrument. On the official site, you will find a special table that shows the number of Trader Points (TPoints) for each instrument that you will receive for a trade of $1.000.
Commissions and Fees
In terms of commissions, Plus500 offers quite competitive spreads on most major currency pairs. Have a look at the below table to get a better idea of spreads:
The spread is included in the Plus 500 share price and is not added as an additional payment or charge that you pay in addition to these prices. To check the spread for a specific instrument, you need to log in to your account and find the pair or asset you are interested in.
The spread is included in the Plus 500 share price and is not added as an additional payment or charge that you pay in addition to these prices. To check the spread for a specific instrument, you need to log in to your account and find the pair or asset you are interested in.
The broker does not charge anything for deposits or withdrawals, although other fees are applied:
- A trader will have to pay $10 if the withdrawal amount is less than the minimum amount of $100;
- You are allowed to make five free withdrawals per month. If you need to make more transactions, each additional withdrawal will cost you $10;
- You can withdraw money to your bank account, but it will cost you $6 per withdrawal;
- Monthly fee of $10 is charged for accounts that remain inactive for three consecutive months.
- A trader will have to pay $10 if the withdrawal amount is less than the minimum amount of $100;
- You are allowed to make five free withdrawals per month. If you need to make more transactions, each additional withdrawal will cost you $10;
- You can withdraw money to your bank account, but it will cost you $6 per withdrawal;
- Monthly fee of $10 is charged for accounts that remain inactive for three consecutive months.
Deposit and Withdrawal Options
Plus500 offers the following payment methods:
- Bank cards VISA or MasterCard
- Bank transfer
Paypal
Skrill and other e-wallets
To withdraw funds, a trader must submit an application through his personal account. The broker reserves the right to set limits on the number and size of payments, depending on the country of residence of a trader. Withdrawal fees depend on the payment system used by the trader.
Analytical Materials
The broker offers several services that facilitate trading process:
- Economical calendarIt allows traders not only to trade in real time, but also to plan their activity based on information about recent and approaching market events
- Risk managementTraders can activate stop-loss and stop-limit levels
- Trading signalsThe task of the service is to notify traders about price fluctuations, and also show the ratio of sellers to buyers using messages by email, phone, or notifications on the website
- Economical calendarIt allows traders not only to trade in real time, but also to plan their activity based on information about recent and approaching market events
- Risk managementTraders can activate stop-loss and stop-limit levels
- Trading signalsThe task of the service is to notify traders about price fluctuations, and also show the ratio of sellers to buyers using messages by email, phone, or notifications on the website
Customer Support
No matter whether you are a beginning trader or experienced one, you may equally face an unexpected problem working with a terminal or have a query. The broker has taken measures to solve such situations within the shortest possible time. According to Plus500 reviews, there are several channels to reach for professional advice:
- Online form on the broker's site
- E-mail: support@Plus500.com
- Live chat feature
- Online form on the broker's site
- E-mail: support@Plus500.com
- Live chat feature
You will also find official accounts of the broker on Facebook, Instagram, and Twitter. It is recommended to follow at least one of them to learn all the news on the official site. Furthermore, the broker added WhatsApp messaging option to the existing variants. You will find the link to it on the official site of the broker.
There is also a detailed FAQ section that covers most of the questions potential and existing customers might have. So check this page and if you do not see the required information, use one of the methods offered above.
The only downside is that the broker does not support communication by phone.
There is also a detailed FAQ section that covers most of the questions potential and existing customers might have. So check this page and if you do not see the required information, use one of the methods offered above.
The only downside is that the broker does not support communication by phone.
Earn with Plus500
The broker allows you to get a good profit not only through trading. You can become a partner of the company according to the 500Affiliates program. It offers one of the most attractive CPA payment plan in the industry – every attracted trader can bring you from $200 to $800, depending on the geographical position. The affiliate program is free of charge and you do not need to be a holder of a trading account.
Another option for making money is attracting customers through a referral program. For every attracted trader you will get 10% of the commission that the referred partner earned during the month. You will have to advertise the broker's services on various Internet sites. The company will provide you with all possible promotional tools in several languages to help you reach out to a larger audience with no effort.
Another option for making money is attracting customers through a referral program. For every attracted trader you will get 10% of the commission that the referred partner earned during the month. You will have to advertise the broker's services on various Internet sites. The company will provide you with all possible promotional tools in several languages to help you reach out to a larger audience with no effort.
Pros and Cons of Plus500
- 2000 products available for trading on all global markets, including cryptocurrency CFDs
- Guaranteed stop loss for an additional fee
- Licenses from multiple regulatory bodies and registration on the exchange as a publicly traded company
- More than a hundred indicators for charts are available on the web platform
- Lack of educational content and news updates
- Telephone support is not provided
- Additional fees
- 2000 products available for trading on all global markets, including cryptocurrency CFDs
- Guaranteed stop loss for an additional fee
- Licenses from multiple regulatory bodies and registration on the exchange as a publicly traded company
- More than a hundred indicators for charts are available on the web platform
- Lack of educational content and news updates
- Telephone support is not provided
- Additional fees
Plus500 is a highly rated broker that offers traders the opportunity to trade a variety of financial instruments across different asset classes. Trading costs are relatively low, but there are also non-trading costs. The spreads are low and traders have access to leveraged capital up to 1:300 depending on the trader's country of origin. Plus500 is recommended to both novice and advanced traders. The company has developed an attractive system of discounts and trader points to encourage traders to operate with higher volumes per month in order to enjoy higher profits. So if you approach trading responsibly and wisely, you may turn it into a channel for a stable additional profit.
MIN. DEPOSIT
FREE DEMO
MAX. RETURN
BONUSES
FOUNDED
$10
Yes
up to 92%
Yes
2014
WEBSITE
Olymp Trade broker rating:
GENERAL RISK WARNING:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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