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Home Brokers

Plus 500: is it suitable for you?

Learn what you need to know about Plus 500

Traders Cult by Traders Cult
March 17, 2021
in Brokers
Reading Time:5 mins read
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Plus 500 Accounts

  • Real Account
    $100 VIEW
  • Demo Account
    $50000 VIEW

Plus 500 Review

PLUS 500 Risk Warning: 76.4% 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.

Plus 500 is a robust trading platform that is one of the best choice for traders who want to trade with CFDs. You can easily open a demo account using their web or mobile platform. You have to start with a minimum deposit of $100 in order to open a new real account, that requires the verification of your documents. This standard trading account for CFDs works for stock indices, individual ETFs and shares, forex markets, commodities, options, and cryptocurrencies (Availability subject to regulation). If you are a novice trader you can get an education regarding trading aspects for their Trader’s guide section. Your capital might be at risk because this Plus 500 Review is entirely based on estimations and factual information.

You can start with demo accounts using their mobile app or web platform. They offer 1:30 leverage for retail CFD accounts. The traders can have access to the financial markets. You can also withdraw your money in many ways:

  1. Electronic wallets – PayPal or Skrill. Funds should be received in your e-wallet account in 3-7 business days after withdrawal has been authorised.
  2. Bank transfer – direct bank to bank funds transfer. Funds should be received in your bank account within 5-7 business days from the authorisation of the withdrawal. Withdrawals to a bank account may be subject to further delays sometimes depending on the banking institution and the jurisdiction in question.
  3. Credit/debit cards – funds should be received in the respective credit/debit cards and/or bank account associated with the relevant card according to each bank’s processing time.

Plus500 had more than 430,000 active customers in 2020.

Currently Playing

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Plus 500 Features

Instruments (CFD)

Forex,Cryptocurrencies,Stocks, Commodities, Options, and Indices

Demo Account

Yes

Minimum Deposit

$100

Minimum Trade Amount

Depending on the asset

Margin Call

Yes

Regulation

FCA, CySec, ASIC

MT4 App

No

Copy Trading

No

Mobile Apps

Android, Microsoft & iOS

Automatic Trading

No

Pre-Orders

Yes

Signals

No

Islamic Account

Yes

Max Non EU Leverage

1:30 (For all retail investors)

Max EU Leverage

1:30

Country Restrictions

Accepted Countries

Australia, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Forbidden Countries

Belgium, Iran, United States, Canada, Zimbabwe, Nigeria, Ivory Coast, Cameroon, India, Brazil, Egypt.

Plus 500 CFD Assets

Forex

Available Assets

70+

Spread Average

spreads are subject to change

Crypto

Available Coins

BTCUSD, ETHBTC, ETHUSD, Crypto 10, LTCUSD, XLMUSD, BABUSD, ADAUSD

Spread Average

spreads are subject to change

Stocks And Commodities

Available Assets

50+

Spread Average

spreads are subject to change

Conclusion about Plus 500

Plus 500 is a better option for experienced traders who know the real strategies. Whereas beginners can start with demo accounts in order to test the strategies that can later help your trading experience. They offer a complete package of tight spreads along with fast and reliable execution orders. There isn’t any commission fee for trading. There are over 2000 instruments that provide better trading opportunities. Fast withdrawals help you to get easy payouts with few days. Plus 500 is secured by SSL so your data is in safe hands and your money is secured in segregated bank accounts. But as we know there are multiple risks associated with online trading, so you should do your research before investing in order to avoid financial losses.

76.4% 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.

The Review

Plus 500

68% Score

PROS

  • This platform offers a large range of trading instruments.
  • It is user-friendly and easy to use.
  • A mobile app of Plus 500 is easy to use.
  • You can create unlimited demo accounts for the practice.
  • Plus500CY Ltd authorized & regulated by CySEC (#250/14)

CONS

  • Unavailable for US clients.
  • There is a limited investment type range since you can only trade CFDs
  • You have to pay average CFD fees.
  • Research tools are not exceptional.

Review Breakdown

  • Regulation 0%
  • User Experience 0%
  • Assets Choice 0%
  • Educational Tools 0%

Plus 500 Accounts

Traders Cult test all brokers before making a review. We review regulated brokers only.

Min. Deposit Real

$100
  • Real Account
    $100 Open Account
  • Demo Account
    $50000 Open Account
Traders Cult

Traders Cult

Traderscult.com is a community of independent traders, working on Forex and other financial instruments since 2015 with the Educational Trades brand. Our purpose is to support traders experience through educational materials, videos, courses, reviews and more.

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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