This is our 2021 Plus500 Review. In short:
Pros:
- Regulation is strong (FCA, CySEC)
- Strong service
- Great interface
- Ok spreads
Cons:
- Difficult to customize charts, etc.
- Not low spreads
Remember that 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Make sure that the wording of the text is the same size as the other text on the page and is clear and visible.
Plus500 is one of the most extensive, user-friendly CFD and multi-asset brokers. This guide is a tool to help traders not yet familiar with the international online platform for Contracts For Difference (CFDs) in stocks, commodities, indices, foreign currencies, and exchange-traded funds (ETFs); Plus500’s website and operations; and how to use the different services available through Plus 500.
An introduction to Plus500
Our Plus500 review should begin with an introduction to the brand. Plus500 is a CFD service broker founded in Israel by six friends in 2008 and launched in 2008. The idea was born when one of the founders, Alon Gonen, tried to “short” Microsoft shares from the most prominent broker, IG Group. The registration process on IG seemed too complicated and unfriendly to the user. The future founders of Plus500 decided that they would try to do a better job than the existing platforms and so started working on Plus500. In 2014, Plus500 had about 1 million clients and conducted more than 2 million transactions a month. Plus500 Ltd is listed on the Main Market of the London Stock Exchange.
Plus500 Regulations
Plus500UK Ltd operates under the Financial Conduct Authority (FRN 509909). The part of Plus500 amended to EU-based clients of Plus500, Plus500CY Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd AFSL #417727 issued by the Australian Securities and Investments Commission. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on the Plus500 websites.
Plus500 markets
Currently, Plus500 offers various investment possibilities within the main markets: shares, commodities, indices, forex, and exchange-traded funds (ETFs). If you are not into, for example, single stocks, you can invest further in indices such as the British FSTE, the German DAX, the Dow Jones, or whatever you choose. The advantage of an index is that you don’t have to be an expert within a single stock but can invest in a range of different companies simultaneously.
It can be a great idea for new investors to see a Wikipedia page about Foreign Exchange markets.
Plus Mobile
Since more and more people use their mobile devices, smartphones, or tablets when they invest, your broker must offer a mobile solution. Plus500 provides a mobile solution to invest when you are up for it and when the markets are good. Sometimes, you may have the right strategy but are too busy to sit at home and invest; then, you can use the Plus500 mobile device solution to invest at the right time. In the first quarter of 2013, all Plus500 transactions were made via a smartphone or a tablet.
Plus500 Customer Support
- Customer support is available seven days a week, 24 hours a day (use e-mail).
- Email: support@plus500.com
- Live support: available on the website
Plus500 and Athletic de Madrid
Plus500 probably could not believe their luck when they became the primary sponsor of Athletic de Madrid in 2015. Since then, Athletic de Madrid has established itself as one of Spain’s top clubs and the Champions League. The sponsorship ran from 2015 until 2022.
Today, Plus500 Is the official partner of the NBA team Chicago Bulls.
Plus500 has halted all promotions.
From April 2017, Plus 500 has decided to follow regulator CySEC and has halted all promotions.
We welcome the initiative and look forward to seeing how the top CFD brands will take on the small and more risk-promoting enterprises in the future.
Plus500 Review
Our evaluation of Plus500 is that it is an excellent forex, stock, or commodities CFD broker. The usability of the website is excellent, and it is straightforward to get around.
What is less significant in our Plus500 review are the spreads. Plus500 charges a little more on the spread than some brokers that many professionals use, such as DeGiro. Nevertheless, it is a really ok CFD and multi-asset.
Again, please remember that 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Make sure that the wording of the text is the same size as the other text on the page and is clear and visible.