Plus500 Review UK

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:

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.

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.

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 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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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.

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’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.

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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.

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.

Our Most Common Questions

Here are answers to some frequently asked questions about Plus500