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Plus500 Review UK

5 Stars
Plus500 is one of the leading CFD brokers in the world and has an ever-growing customer base, so the question that needs to be asked is - ‘How does Plus500 compare to the competition?’. This review serves as a deep dive into how Plus500 has managed to make an unparalleled name for itself in the world of CFD trading.
Trusted global platform with a thorough selection of CFDs
Over 430,000+ users currently on the platform
Lightweight and easy to use interface
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Expertly Reviewed
Trusted Ratings
Fees Explained
No Stone Unturned

Plus500 Pros and Cons

There’s no doubt that Plus500 faces pretty stiff competition due to the rise in number of other similar CFD trading platforms. However, with an impressive list of pros and only a few cons, it really does manage to hold its own. Here are some of the advantages and disadvantages of Plus500:
PROS
A state-of-the-art web trading platform that is both simple and intuitive in equal parts.
Suitable for all types of traders including experts and novices.
The account opening process is a breeze, especially in comparison to some of its counterparts.
There’s a wide range of deposit and withdrawal options which are free to use.
Customer support is fast and extremely helpful.
CONS
The range of trading alternatives is limited only to CFDs.
The research and learning tools could be better.
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Explore Markets
Trade the world’s most popular markets and explore endless trading opportunities. We offer +2000 financial instruments, FREE real time quotes and dedicated round-the-clock customer support.
NEW: Discover our Sector Indices
News and Market Insights

What You Need To Know

  • It’s a platform solely created to trade in a competitive selection of 2000+ equity and ETF CFDs.
  • It’s a publicly listed company established in Israel which also operates out of the UK.
  • It’s regulated by several top tier financial institutions across the world, including the UK’s FCA (Financial Conduct Authority).
  • The fees are slightly higher than its competitors, but some assets are well priced.
  • The research tools are limited, but you’ll find some data under News & Insights.
What We Like
Deposit and Withdrawal options are plentiful.
Ability to create unlimited demo accounts.
Best-in-class customer service.
Tiered trading commissions
£0.00   per share
Account minimum
£0.00
BTPUK Expert Verdict

Best Trading Platform
UK Expert Verdict

If you’re looking for a web platform that solely deals in CFDs and offers a solid trading experience, then you can’t really go wrong with Plus500. While CFDs are instruments usually reserved for experts, even beginners can benefit from this platform.

The fact that it’s regulated by some of the most respectable financial authorities across the world certainly goes a long way to ensuring peace of mind for the users on the platform. Plus500 makes sure it backs that up with its security and reliability.
If you’re looking for a web platform that solely deals in CFDs and offers a solid trading experience, then you can’t really go wrong with Plus500. While CFDs are instruments usually reserved for experts, even beginners can benefit from this platform.
The fact that it’s regulated by some of the most respectable financial authorities across the world certainly goes a long way to ensuring peace of mind for the users on the platform. Plus500 makes sure it backs that up with its security and reliability.
However, the real advantage of Plus500 is its lightweight interface which works on behalf of the user to intuitively assist in the trading process. For novices, the ability to create a demo account to get used to the platform is a welcome feature.

The beauty of Plus500 is that it does a limited amount, but it does it well. Of course, we would have appreciated more trading products, slightly lower fees and better research tools, but what's already on offer more than makes up for what's lacking.

Trade CFDs on Shares, Indices Forex and Cryptocurrencies
Reliable, Simple, Innovative.  Join millions who have already traded with Plus500.
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What is Plus500

What is Plus500?

Set up in 2008, Plus500 is a CFD broker that was founded in Israel. It’s become popular worldwide for its security and reliability.
Set up in 2008, Plus500 is a CFD broker that was founded in Israel. It’s become popular worldwide for its security and reliability.

It has an extensive range of 2,000+ CFD products that can be traded online, including stock CFDs, ETF CFDs, commodity CFDs and more. It currently boasts an existing user database of more than 430,000 individuals who regularly trade on the platform.
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It has an extensive range of 2,000+ CFD products that can be traded online, including stock CFDs, ETF CFDs, commodity CFDs and more. It currently boasts an existing user database of more than 430,000 individuals who regularly trade on the platform.
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Plus500 Gallery

What You Can Trade?

Plus500 is solely limited to trading CFDs (contract for differences), which means all assets such as stocks, stocks indexes, ETFs, commodities and some more thematic indexes are mainly in CFDs with this provider.

Plus500 maintains 71 currency pairs, 22 commodities, 33 index CFDs, 1,737 equity CFDs, 95 ETFs, and 877 options contracts.

Plus500 Reviews

Plus500 has received generally positive reviews for its ease of use. Users certainly seem to appreciate the simplicity and experience offered by the platform.

The large customer database that exists on the platform mainly consists of individuals who have stuck with Plus500 for several years or more, and some have even been using the platform since its inception in 2008.

This serves as a testament to the reliability of this widely regulated platform which takes great pride in its security and 24/7 customer support.

All in all, barring very few negative comments, Plus500 seems to be doing a great job when it comes to providing exactly what its loyal clientele demands. This is further evidenced by its phenomenal trust score and approvals from tier 1 regulators.
Plus500 has received generally positive reviews for its ease of use. Users certainly seem to appreciate the simplicity and experience offered by the platform.

The large customer database that exists on the platform mainly consists of individuals who have stuck with Plus500 for several years or more, and some have even been using the platform since its inception in 2008.
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Plus500 Reviews
This serves as a testament to the reliability of this widely regulated platform which takes great pride in its security and 24/7 customer support.

All in all, barring very few negative comments, Plus500 seems to be doing a great job when it comes to providing exactly what its loyal clientele demands. This is further evidenced by its phenomenal trust score and approvals from tier 1 regulators.
plus500 tablet mobile
Take Control
Use our advanced tools and features to gain control on your account:
Stop Limit / Stop Loss / Trailing Stop
Guaranteed Stop
Negative balance protection
FREE email & push notifications on market events
Alerts on price movements, Change % & Traders’ Sentiments

Trade Analysis

One area where Plus500 lags behind its competition is in educational resources and market research features, even though it does offer users the option of creating a demo account to familiarise themselves with CFD trading.

But it wouldn’t be fair to say that there are absolutely no news and research features at all. You can access short analyses of market events and companies by clicking on 'Trading', and then selecting 'News & Market Insights’.
One area where Plus500 lags behind its competition is in educational resources and market research features, even though it does offer users the option of creating a demo account to familiarise themselves with CFD trading.
But it wouldn’t be fair to say that there are absolutely no news and research features at all. You can access short analyses of market events and companies by clicking on 'Trading', and then selecting 'News & Market Insights’.

The charting tool is also satisfactory with 119 technical indicators, including popular ones such as RSI, MACD and more. With the editor tools, you can save and use multiple charts at the same time.

However, the distinct lack of educational resources leaves much to be desired for some. But the good news is that Plus500 is taking steps to address this problem by rolling out educational video content for beginner traders.
Plus500 Trade Analysis
But it wouldn’t be fair to say that there are absolutely no news and research features at all. You can access short analyses of market events and companies by clicking on 'Trading', and then selecting 'News & Market Insights’.
The charting tool is also satisfactory with 119 technical indicators, including popular ones such as RSI, MACD and more. With the editor tools, you can save and use multiple charts at the same time.

However, the distinct lack of educational resources leaves much to be desired for some. But the good news is that Plus500 is taking steps to address this problem by rolling out educational video content for beginner traders.
Plus500 User experience

Plus500 User Experience

Plus500’s platform is a classic case of ‘looks great and works even better’. The user interface is a breeze on both desktop and mobile, and you won’t come across any hiccups. It’s also quite lightweight with a dark mode present, so novice traders shouldn’t have any issues either.

But the clean interface aside, the one thing that Plus500 should perhaps have included was the ability to customise the workspace. Logging into a cluttered dashboard can take some getting used to, but with perseverance, you should get there eventually.

And finally, the customer service is top-notch, which just adds to the user experience. It is available 24/7 via live chat, WhatsApp, and email.
Plus500’s platform is a classic case of ‘looks great and works even better’. The user interface is a breeze on both desktop and mobile, and you won’t come across any hiccups. It’s also quite lightweight with a dark mode present, so novice traders shouldn’t have any issues either.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eius mod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation.

Tullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehen derit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut quis nostrud exercitation ullamco laboris nisi ut,t dolore magna aliqua. Ut enim voluptate velit esse cillum doloread minim veniam.
But the clean interface aside, the one thing that Plus500 should perhaps have included was the ability to customise the workspace. Logging into a cluttered dashboard can take some getting used to, but with perseverance, you should get there eventually.

And finally, the customer service is top-notch, which just adds to the user experience. It is available 24/7 via live chat, WhatsApp, and email.

Plus500 Fees

When compared to the competition Plus500 trading fees are average - not startlingly high but not the lowest either. There is no commission when trading CFDs, and everything is included in the spread, i.e., the difference between the ask and bid prices.

The fees depend on the kind of asset you choose to hold and for how long. In general, the costs for holding stock indexes are average but quite high if you want to hold forex. Non-trading fees include an inactivity fee of $10 per quarter which comes into effect after 3 months of not placing a trade.

Plus500 Fees review (Trading)

Asset
Stocks
Crypto
Forex
ETFs
Commodities
Indices
Commission
0%
0%
0%
0%
0%
0%

Plus500 Fees review (Non-Trading)

Fee Type
Stocks
Crypto
Forex
ETFs
Commodities
Indices
Charge
0%
0%
0%
0%
0%
0%

Plus500 Payments

The great news is that Plus500 has no deposit charges, and withdrawals are free too as long as you don’t exceed 5 withdrawals per month. With that said, there are a host of options to consider for your convenience.

Do note that there is a minimum withdrawal amount, which stands at $50 for PayPal withdrawals and $100 for bank transfers and credit/debit cards.
  • Visa
  • MasterCard
  • PayPal
  • Skrill
  • Local Bank Transfer
  • Electronic Wallets
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How to Start Trading with Plus500

Open an Account

Simply log on to the Plus500 website and kick off the account opening process. The process is fast, easy and entirely online! Residents from most countries including the UK can open an account.

Confirm Identity

The next step entails choosing between a retail or a professional account, depending on which set of  criteria you meet. Once that’s done, you will be prompted to verify your identity and provide proof of residency using various documents.

Deposit Funds

Once your account has been approved, you can start trading CFDs! But first, you’ll need to deposit funds. There are various options to do this, including by credit card, bank transfer and even PayPal.

Search for Asset

Before you can place your trade, you’re going to have to choose your CFD. The breezy user interface on Plus500 makes this process super simple. You’ll find the products categorised on the left or you can use the search bar by typing in the product name.

Place Order

The time has finally arrived to conduct your first trade! Select from the various order types such as market, limit, guaranteed stop and more. You should note that these orders can be cancelled at any time before execution, i.e., they are Good 'till Canceled (GTC)

Withdraw Funds

Hopefully, your trades will have turned a profit and you’re ready to withdraw funds. Withdrawing funds is as easy as depositing; simply click the menu icon on the top left corner, click withdraw and enter the amount you’d like to proceed with.

Open an Account

Simply log on to the Plus500 website and kick off the account opening process. The process is fast, easy and entirely online! Residents from most countries including the UK can open an account.


Confirm Identity

The next step entails choosing between a retail or a professional account, depending on which set of  criteria you meet. Once that’s done, you will be prompted to verify your identity and provide proof of residency using various documents.

Deposit Funds

Once your account has been approved, you can start trading CFDs! But first, you’ll need to deposit funds. There are various options to do this, including by credit card, bank transfer and even PayPal.


Search for Asset

Before you can place your trade, you’re going to have to choose your CFD. The breezy user interface on Plus500 makes this process super simple. You’ll find the products categorised on the left or you can use the search bar by typing in the product name.

Place Order

The time has finally arrived to conduct your first trade! Select from the various order types such as market, limit, guaranteed stop and more. You should note that these orders can be cancelled at any time before execution, i.e., they are Good 'till Canceled (GTC).

Withdraw Funds

Hopefully, your trades will have turned a profit and you’re ready to withdraw funds. Withdrawing funds is as easy as depositing; simply click the menu icon on the top left corner, click withdraw and enter the amount you’d like to proceed with.
Our Most Common Questions

Frequently Asked Questions

Here are answers to some frequently asked questions about Plus500

Is Plus500 safe?

Plus500 is one of the safest platforms on which to trade CFDs. This is mainly due to the fact that it is listed on the London Stock Exchange and regulated by tier 1 regulators such as UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Is Plus500 available in all countries?

Residents in most countries including the UK where Plus500 is headquartered, can open an account on Plus500. However, there are some notable exceptions on the list, including the USA and Canada.

What kind of accounts can I open on Plus500?

You can either open a retail account or a professional account. However, you need to be fairly active on the platform, have relevant experience in the financial services sector and have a portfolio of over €500,000 to be eligible for the professional account.

What is the minimum deposit amount? Are withdrawals free on Plus500?

There is a low minimum deposit of $100 for debit/credit cards and $300 for bank transfers. Withdrawals are free for up to five withdrawals a month, after which you may be charged $10 per withdrawal. Do note that there is a minimum withdrawal amount of $50 for PayPal and $100 for bank transfers and credit/debit cards.
Plus500 in 2020
82+
Million
Positions opened
430+
Thousand
Active customers
1700+
Billions
Traded value
Carson

About the Author

Carson

Committed to exclusively bringing you in-depth research and details about the best online trading platforms from across the world. Keen to learn more? Follow my writing and you’ll never be out of the loop!

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    Best Trading Platform UK is a provider of comprehensive, reliable data and information to help you find the best brokers on the market.
    Advertising partnerships
    Besttradingplatformuk is supported by advertising partnerships. Introducing commissions are sometimes paid to Besttradingplatformuk when you sign up & deposit moneys into an account after following a link from our website.
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