Plus500 Broker Review: An In-Depth Analysis

In today’s evolving financial landscape, online trading has become increasingly popular among both retail and professional investors. A key player in this market, Plus500, offers an accessible, user-friendly platform for trading a wide range of assets. In this comprehensive review, we’ll dig into the specifics of Plus500, its services, features, and why it stands out among its competitors.

A Glimpse at Plus500

Plus500 is a leading online trading platform known for offering Contracts for Difference (CFDs) on various financial instruments such as shares, forex, commodities, ETFs, options, and indices. Founded in 2008, Plus500 has grown significantly over the years, gaining a reputation for its easy-to-use interface and a wide range of tools for traders of all experience levels.

Trading Platform Overview

At the heart of Plus500 is its proprietary trading platform, which provides traders with a seamless and efficient trading experience. The platform is available in three forms: a web trader, a downloadable version for desktop, and a mobile app for trading on the go.

Web Trader

The Plus500 WebTrader platform provides a straightforward and intuitive user interface that is suitable for both new and experienced traders. It is designed to facilitate quick trading with real-time quotes and one-click operations.

Desktop Version

For those who prefer to have software directly installed on their desktop, Plus500 also provides a downloadable version of its platform. This version comes with the same features as the WebTrader but offers a more personalized experience, as users can tailor their trading layout based on their preferences.

Mobile App

The Plus500 mobile application allows traders to access their accounts anytime, anywhere. It offers the same functionality as the web and desktop versions, and is available on both iOS and Android devices.

Range of Assets and Trading Instruments

One of the standout features of Plus500 is its extensive list of tradable assets. The platform offers over 2,000 financial instruments, which are categorized as follows:

• Shares: Plus500 offers CFDs on shares of leading global companies.
• Forex: A wide range of currency pairs are available, from major to exotic ones.
• Commodities: Plus500 users can trade CFDs on popular commodities such as gold, oil, silver, and natural gas.
• Indices: The platform features many of the world’s leading indices, including the S&P 500, FTSE 100, and DAX30.
• ETFs: Plus500 offers a selection of exchange-traded funds, enabling traders to gain exposure to a wide range of assets in a single transaction.
• Options: Users can trade options CFDs on various underlying assets.

Platform Features and Tools

Beyond its range of trading assets, Plus500 also shines with its array of features and tools designed to assist traders. These include:

• Advanced Charting: Traders can use professional charts to analyze the market trends and make informed decisions.
• Risk Management Tools: These include stop loss, trailing stop, and guaranteed stop to help traders manage their risks effectively.
• Economic Calendar: This tool provides updates on major economic events that could affect the markets.
• Price Alerts: Users can set alerts to be notified when an instrument reaches a specific price.

Account Types and Demo Account

Plus500 offers a single live trading account type, simplifying the process for traders. They also offer a demo account that allows new traders to practice and familiarize themselves with the platform and trading concepts without risking real money.

One of the standout offerings from Plus500 is its demo account. This is a critical tool for both novice and experienced traders, as it allows them to explore the platform’s features and try out different trading strategies without risking real money.

Plus500’s demo account comes fully loaded with virtual funds and offers access to all the trading instruments available in a real account. This includes forex, commodities, indices, shares, ETFs, and options. In essence, the demo account provides a realistic simulation of live trading conditions.

Not only does this allow users to familiarize themselves with the Plus500 trading environment, but it also provides invaluable practical experience in managing trades, utilizing various trading tools, and understanding the dynamics of different markets. It’s an excellent way to build confidence before transitioning to live trading.

Pros and Cons of the Plus500 Demo Account

• Pros:
  • Unlimited Use: The Plus500 demo account can be used indefinitely, providing an ongoing platform for practice and learning.
  • Realistic Trading Environment: The demo account simulates real market conditions, offering a genuine trading experience.
  • All-inclusive Access: Users can access all the features and trading instruments available in a live account.
• Cons:
  • No Real Monetary Risk: While this can also be a pro, the lack of real monetary risk can lead to a lack of emotional involvement, which might not prepare a trader for the emotional dynamics of live trading.
  • Potential for Overconfidence: Success in a demo environment does not guarantee success in live trading, and traders must be cautious not to become overconfident based on their demo trading performance.

Customer Support

Customer support is a crucial aspect of any online trading platform. Plus500 provides round-the-clock customer support via email and live chat, ensuring that traders can get help whenever they need it.

iOS/Android Apps

Plus500 understands the importance of mobility in today’s trading environment. As such, they have designed and developed comprehensive mobile applications compatible with both iOS and Android devices. These apps allow traders to manage their accounts, analyze markets, and execute trades from anywhere, at any time.

The mobile applications offer the full functionality of the desktop platform, with the added benefit of mobility. Users can access real-time market quotes, utilize the platform’s advanced charting capabilities, manage their trades, and even use the risk management tools available on the platform. The Plus500 mobile apps have a user-friendly interface, ensuring a seamless trading experience.

Pros and Cons of the Plus500 iOS/Android Apps

• Pros:
  • Full Functionality: The apps offer all the features and trading instruments available on the desktop platform.
  • User-friendly: The apps have an intuitive interface that facilitates easy navigation.
  • Convenience: The ability to trade on the go offers flexibility and convenience for traders.
• Cons:
  • Screen Size: Depending on the device, the screen size could be a limiting factor when analyzing charts and other data.
  • Dependency on Internet Connection: Trading on the go requires a stable internet connection, and poor connectivity can disrupt trading activity.

Affiliate Program

Plus500 runs an affiliate program that allows individuals and businesses to earn commission by referring new clients to the platform. The Plus500 Affiliate Program, also known as “500Affiliates”, is one of the most lucrative in the industry. It provides a variety of marketing tools, including banners, landing pages, and text links, to help affiliates maximize their earning potential.

The program operates on a CPA (Cost Per Acquisition) model, meaning that affiliates earn a commission for each new trader they refer who deposits funds into their account and begins trading. The exact amount of commission depends on the country the referred trader is from and the number of traders referred each month.

Pros and Cons of the Plus500 Affiliate Program

• Pros:
  • High Commission Rates: Plus500 offers attractive commission rates compared to many other platforms.
  • Extensive Marketing Tools: The program provides a wide range of marketing tools to help affiliates promote Plus500.
  • Reliable Payouts: Commissions are paid regularly and on time.
• Cons:
  • Dependent on Trader Activity: Earnings are dependent on the activity of referred traders, and if they stop trading, commission payments will also stop.
  • High Competition: The field of forex affiliate marketing is highly competitive, which may make it challenging to attract new traders.

Good Alternatives to Plus500 Broker

While Plus500 is a reliable platform, traders might also consider other reputable alternatives. Below we present three notable competitors, each with its own unique advantages and features.

eToro

eToro is a social trading platform that allows traders to follow and copy the trades of successful investors. This feature makes it an attractive choice for beginners. eToro also offers a wide array of assets, including stocks, cryptocurrencies, and commodities.

• Pros:
  • Social Trading: eToro’s copy trading feature allows less experienced traders to learn from seasoned investors.
  • Variety of Assets: Traders can invest in a diverse range of assets, including a significant selection of cryptocurrencies.
• Cons:
  • Withdrawal Fee: eToro charges a flat fee for withdrawals, which might be unattractive to some traders.
  • Platform Learning Curve: While innovative, the platform’s unique design might require some getting used to for some traders.

IG

IG is a well-established broker with a comprehensive trading platform, offering access to a wide range of markets. They provide advanced trading tools, extensive educational resources, and strong customer support.

• Pros:
  • Extensive Educational Resources: IG provides a wide range of materials and courses for beginner and advanced traders alike.
  • Advanced Trading Tools: IG offers a variety of advanced tools for technical analysis and trade management.
• Cons:
  • Inactivity Fee: IG charges an inactivity fee, which can be a disadvantage for occasional traders.
  • Complex Pricing Structure: IG’s pricing can be complex to understand, especially for new traders.

XM

XM is recognized for its client-friendly approach, offering 24/5 customer support and free daily market research. They provide a wide range of assets and an excellent trading platform.

• Pros:
  • Quality Customer Support: XM is renowned for its outstanding customer service, available 24/5.
  • Daily Market Research: XM offers free daily market outlooks and technical analysis.
• Cons:
  • Withdrawal Fees: XM applies fees for non-trading-related withdrawals.
  • Limited Product Portfolio: XM has a more limited range of assets compared to other brokers.

Each of these alternatives offers different features and benefits, and traders should consider their individual needs and objectives when choosing a trading platform.

Popular Questions About Plus500 Broker

1. How user-friendly is the Plus500 trading platform?

The Plus500 platform is designed with user-friendliness in mind. It features an intuitive layout and easy navigation, making it suitable for traders of all experience levels. The platform is web-based, so there’s no need to download any software. Users can easily search for instruments, place trades, and manage their account. Plus500 also provides a mobile app for trading on the go.

2. What types of financial instruments can I trade with Plus500?

Plus500 offers a wide array of financial instruments, including:

• CFDs on Stocks
• Forex Pairs
• Commodities
• Indices
• ETFs
• Options
• Cryptocurrencies

3. Does Plus500 offer a demo account?

Yes, Plus500 provides a demo account which is a great way to familiarize oneself with the platform and try out different trading strategies without risking real money. This demo account comes with virtual funds and is available for an unlimited time, making it an excellent tool for both beginner and experienced traders.

4. Is Plus500 available on mobile devices?

Yes, Plus500 offers fully-functional mobile applications compatible with both iOS and Android devices. These applications provide the flexibility to trade and manage accounts from anywhere, anytime.

5. What kind of customer support does Plus500 provide?

Plus500 offers round-the-clock customer support. Clients can reach out to the support team via email and live chat. However, it’s worth noting that they currently do not offer phone support.

6. Is there an affiliate program offered by Plus500?

Yes, Plus500 runs a lucrative affiliate program known as 500Affiliates. This program provides individuals and businesses with the opportunity to earn commissions by referring new clients to the platform.

7. How does Plus500 compare to other brokers?

While Plus500 is a reliable and comprehensive trading platform, it’s always worth considering other options based on one’s individual trading needs and preferences. Some noteworthy alternatives include eToro, with its unique social trading feature, IG, known for its extensive educational resources, and XM, renowned for its excellent customer service.

Each of these alternatives brings different strengths to the table, and traders should carefully assess their needs before choosing a platform.

8. What is the minimum deposit required to start trading with Plus500?

The minimum initial deposit at Plus500 varies depending on the payment method, but it generally starts from 100 USD or equivalent in your local currency. It’s important to note that certain trading instruments may require higher margins.

9. What methods can I use to deposit or withdraw funds with Plus500?

Plus500 supports several deposit and withdrawal methods to facilitate a smooth and convenient trading experience. These include:

• Credit/Debit Card
• Bank Transfer
• PayPal
• Skrill

Please note that the availability of these methods may depend on your region.

10. What are the trading costs with Plus500?

Trading costs with Plus500 primarily come in the form of spreads, which are the difference between the buy and sell price of an instrument. Plus500 offers competitive spreads compared to many other brokers. Additionally, they do not charge commissions on trades. However, there may be other fees, such as overnight funding and inactivity fees, that traders should be aware of.

11. How secure is Plus500? Is my money safe?

Plus500 takes the security of its platform and the safety of its client’s funds very seriously. They utilize advanced technological measures to protect client data and funds. These include Secure Sockets Layer (SSL) encryption and strong firewalls. Additionally, client funds are held in segregated accounts separate from the company’s operational funds, adding an extra layer of security.

12. Does Plus500 offer educational resources?

Yes, Plus500 offers several educational resources. They provide articles and guides that cover various trading-related topics, from the basics of trading to more advanced strategies. This material can be particularly beneficial for novice traders looking to expand their trading knowledge.

Remember that while these resources are helpful, they should be complemented with your own research and analysis when making trading decisions.

Plus500 Popularity in Various Countries

Plus500 is a global online trading platform that caters to clients across the world. Here, we’ll examine the platform’s presence and features in various countries.

Plus500 broker in Argentina

In Argentina, Plus500 is a popular choice among traders, providing access to a wide variety of financial instruments. Traders appreciate the platform’s user-friendly interface, advanced charting tools, and the availability of a demo account. The Argentine market particularly values Plus500’s commitment to transparent pricing and security measures that protect user information and funds.

Plus500 broker in Brazil

Brazilian traders recognize Plus500 as a reputable trading platform with its diverse range of financial instruments, including Forex pairs, CFDs on stocks, and commodities. Additionally, the platform is available in Portuguese, catering to the native language of the traders, which is a significant aspect of its popularity in the country. Also, the availability of local payment methods enhances its appeal to Brazilian users.

Plus500 broker in Colombia

Plus500’s popularity in Colombia can be attributed to its robust offering of trading instruments and its accessibility. Its intuitive trading platform is suitable for both novice and experienced traders, with an easy-to-use interface and advanced trading tools. Plus500’s offering of a demo account is also highly appreciated by Colombian traders, allowing them to practice and build confidence before trading with real money.

Plus500 broker in Indonesia

In Indonesia, Plus500 is widely recognized for its comprehensive trading platform that’s available in the Indonesian language. Its vast array of tradable assets aligns well with the diverse trading interests of the Indonesian market. Plus500’s customer support, available 24/7, also makes it an attractive choice for Indonesian traders who value prompt assistance and service.

Plus500 broker in Philippines

Plus500 has a considerable presence in the Philippines. Filipino traders appreciate the platform’s user-friendly interface, the availability of a wide range of financial instruments, and the security measures in place to protect client funds and data. The provision of a demo account is also highly valued in this market, as it provides a risk-free environment for traders to practice and develop their trading strategies.

Plus500 broker in Thailand

In Thailand, Plus500 stands out for its comprehensive trading platform that caters to Thai-speaking traders. The vast array of trading instruments available meets the diverse trading interests of the Thai market. Plus500’s customer support, available 24/7, also adds to its popularity among Thai traders who value responsive and effective support.

Plus500 broker in United Arab Emirates

Plus500 is well-liked in the UAE due to its comprehensive and sophisticated platform that caters to both new and experienced traders. Its advanced charting tools, alongside an array of tradable assets, make it a popular choice among UAE traders. The platform’s high-security standards and transparency further boost its appeal in the region.

Plus500 broker in Vietnam

In Vietnam, Plus500 is admired for its user-friendly platform and a broad selection of tradable assets. Vietnamese traders value the platform’s commitment to transparency, security, and the availability of local payment methods. Plus500’s customer support, available 24/7, enhances its attractiveness to Vietnamese traders, providing them with round-the-clock assistance.

Plus500 broker in Mexico

Plus500 is a prominent platform in Mexico, with its wide range of financial instruments, user-friendly interface, and robust security measures. The availability of a demo account is also appreciated by Mexican traders as it allows them to practice their trading strategies without risking real money. The platform’s commitment to transparency and the provision of educational resources further add to its popularity in the country.

Overall, Plus500’s global reach is a testament to its commitment to providing a comprehensive and accessible trading platform for traders worldwide.

Conclusion: Is Plus500 Worth It?

In conclusion, Plus500 offers a robust and user-friendly platform for trading a wide variety of financial instruments. Its range of assets, along with its comprehensive suite of trading tools and features, make it a suitable choice for traders of all experience levels.

However, like any other trading platform, it’s crucial for traders to understand the inherent risks involved in trading, particularly with CFDs. It’s also important to make use of the platform’s risk management tools and to seek out educational resources to improve one’s trading knowledge and skills.

As with any investment decision, potential users should do their due diligence and consider their own financial circumstances, risk tolerance, and investment objectives before choosing a trading platform.