Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Plus500 review: Global CFD trading platform
Trade more than 2000 CFD and forex trading instruments from the one account.
Plus500 as an online broker to trade CFDs
- Easily trade CFDs and forex from the one account
- Multiple international markets
- No commissions
Not so great for
- No physical share trading
- Mixed reviews on Trustpilot
Headquartered in Israel, but holding licenses in multiple jurisdictions, Plus500 services clients the world over. Plus500 is a global powerhouse in the CFD and forex trading space, with a listing on the London Stock Exchange and a front of shirt sponsorship with football giants Atletico Madrid.
In Europe, Plus500 holds a licence in Cyprus under Plus500CY Ltd and it is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
What are the key features of a Plus500 CFD trading account?
The following features of the Plus500 CFD and forex trading platform will help you make a decision on whether they’re the right broker for you:
Trade CFDs and forex on the one platform
You’ll have access to more than 2000 tradable markets, including local/international share market CFDs, forex, indices, commodities and cryptocurrency markets. You’re able to trade them all long and short on margin.
Trading account accessibility
You can access your Plus500 trading account in multiple ways, including a cloud based trading platform, desktop platform, smartphone apps (iOS and Android) and even dedicated tablet apps (iOS and Android). Trade your way, wherever you may be.
Free demo account
Using pretend money, you can learn how to effectively trade CFDs and forex before committing your own money on a live account. There is no time limit for how long you can use the demo account, which subjects you to real market conditions so that you can see how well your strategies work.
Advanced trading tools
A number of tools are accessible on the Plus500 trading platform to help you manage your risk in the markets. These include stop-loss orders, stop-limit orders, trailing stop orders, limit setting, price alerts and guaranteed stops.
Plus500 doesn’t charge commissions on trades, instead running a spread only model that ensures traders’ costs are clear when they enter and exit trades. The spread is variable and up-to-date prices are always streamed live to your trading platform.
What markets can I trade with Plus500?
Is CFD trading for me?
CFDs are complex, much more so than buying shares or general investment. In general, it’s all about speculating rather than owning, but it’s very risky. If you’re quite new to the trading game, it might not be suitable for you and you may want to do some research into it first. If you’re not prepared to lose the money you invest, this isn’t for you.
Plus500 offers services and options that might suit a range of different types of investor. Through the Plus500 trading platform, you are able to gain access to financial market data including real-time data to help guide your trading decisions. Once you have been signed up you will have access to:
- Shares CFDs. Global share CFDs are available from over 20 different countries. This includes shares listed on exchanges in the United States, Germany, the UK, France and more. Some of the most popular share market CFDs are CapitaLand, Keppel, SGX, Facebook, Apple and Alphabet.
- Forex CFDs. You can trade foreign exchange markets (forex) on the Plus500 platform and pay no commissions on your activity. You can access leverage up to 1:300 and even test your strategy across multiple currency pairs on a demo account before going live.
- Index CFDs. There are dozens of indices available to trade on the Plus500 platform, acting as a key diversification for your investments. Pick from Singapore 25, the S&P 500, the Italy 40 and many more.
- Commodities CFDs. Trade a number of commodity market CFDs on leverage. Popular commodities markets available on the Plus500 platform include gold, silver and oil.
- ETF CFDs. Trade CFDs that track the price of some of the most popular Exchange Traded Funds (ETFs) such as the VXX volatility index. Access ETF markets with low spreads and free stops and limits on all ETF CFD orders.
- Options CFDs. Call or put option CFDs are available on markets such as the Dax 30, S&P 500, CAC 40, MIB 40, and the AEX 25. No commissions are charged as you’re still trading CFDs and not holding the underlying asset itself.
- Cryptocurrency CFDs. Plus500 lets you trade a wide range of cryptocurrency CFDs. Features of the trading platform including price alerts, stop loss and trailing stop orders, are also well suited to the volatile nature of cryptocurrency, all there to help you manage risk.
What customer support and information is available from Plus500?
If you are having an issue with your Plus500 account, their comprehensive FAQ page should be able to help solve your problem. If your issue requires a more personalised response, you can email Plus500 or you may be able to access a live chat conversation, both directly from the contact us section of their website.
As for market data itself, up to the minute prices and spreads can be accessed through your online trading platform 24 hours a day, 5 days a week. It’s all easily accessible in one place.
What are the spreads and fees from Plus500?
- No commissions. Unlike other CFD and forex brokers that also charge commissions on each trade, Plus500 does not charge commissions on trades, only the spread. The spread is variable between products, with up-to-date spreads always displayed within your trading platform.
- Holding a trade overnight. As is standard practice, an overnight funding amount is either added to or subtracted from open trades when holding a position overnight. Check the ‘Overnight Funding Time’ on the market details within your trading platform.
- Inactivity fee. In the event that your Trading Platform is inactive for three months, you will incur a fee. This is to offset the cost incurred in making the service available to you, even though it’s not being used.
What are the pros and cons of trading with Plus500?
- Range of markets to trade. Opening an account with Plus500 gives you access to a broad range of investments, including both share market CFDs and forex market options.
- You can trade multiple international markets. With Plus500, you can invest in various markets all over the world.
- There are low fees. There is no sign-up or ongoing fees for using the Plus500 platform. Trading costs are also covered within the spread, meaning no commissions.
- Free demo access. If you’re new to trading CFDs and forex, a free Plus500 demo account can help you to understand how it works before risking your own money.
- Not a multi-asset platform. Plus500 specialise in CFD trading. You can not buy and own physical shares through this platform.
- There’s limited physical support. You are limited in expert support and advice with Plus500 compared to other online brokerage firms. It only has email and online chat services.
How do I open an account with Plus500?
If you’re ready to open a CFD or forex trading account with Plus500, click on ‘Start Trading’ button on the Plus500 website and complete the sign-up form.
While accessing a demo account will take you 30 seconds with a name and email address, in order to open a live account, you’ll need to provide:
- Your name
- Your contact details
- Government-issued ID
- Proof of residential address
- Details of your chosen deposit method
Once your account has been approved by the Plus500 account services team, you will then be able to fund your account.
Plus500 frequently asked questions?
More guides on Finder
How to buy stock in Airbnb (ABNB) in Ireland
This vacation-rental giant has finally gone public. Learn how to invest in Airbnb in Ireland.
How to buy stock in Snowflake (SNOW) in Ireland
Learn how to invest in Snowflake in Ireland.
Saxo Markets Review
Saxo Markets offers different trading accounts with varied pricing tiers to suit your investment needs.
WorldFirst World Account for online sellers
Read our guide to the WorldFirst World Account for online sellers, including info on supported currencies, fees and how to open an account.
eToro vs Trading 212
eToro and Trading 212 allow you to buy and sell stocks, ETFs, cryptocurrencies, commodities and currencies, without any fees.
DEGIRO vs Trading 212
Trading 212 and DEGIRO are both low-fee options with a great choice of stocks, shares and ETFs to invest in.
CFD trading platforms
Learn how you can trade CFDs online with our simple guide.
How to invest in index funds in Ireland
Index funds are a hot topic right now but how do you actually invest in them? Follow our guide and get started today.
Find out about the trading platform Degiro and what services they could provide for you. Consisting of shares, funds, CFD trades, spread betting and much more.
eToro Ireland review
Online trading giant eToro lets you buy stocks with no commission, but how does it fare overall?
Ask an Expert