Uncovering the Truth: A Comprehensive Review of Plus500 Broker

Broker Fees:

Plus500 stands out among other brokers in the industry for having very low trading fees, lack of commissions, and zero fees on deposits and withdrawals. The absence of hidden fees makes Plus500’s trading platform ideal for active traders, as it allows them to easily estimate the cost of trading without having to worry about being charged for opening or closing positions. The broker’s spread fees are also competitive and vary based on the underlying asset.

Account opening:

Opening an account with Plus500 is straightforward and can be completed in a matter of minutes. This is in contrast to many other brokers, which require multiple documents to be submitted during the onboarding process. To start the registration, potential traders must fill in essential information, upload identity documents, and complete a brief questionnaire about their trading experience. Once the account is verified, customers can start trading immediately.

Deposit and withdrawal:

Plus500 makes depositing and withdrawing funds easy and convenient. Traders can fund their accounts using various methods, including credit cards, PayPal, bank transfers, and electronic wallets like Skrill or Neteller. There are no deposit fees or minimum deposit requirements to start trading. Withdrawals are similarly straightforward, and traders can withdraw funds using the same payment channels used for deposit. There are no withdrawal fees, but all withdrawals are subject to a 3-5 day processing period.

Web trading platform:

Plus500 offers a fast, intuitive, and easy-to-use web trading platform that is accessible from any browser on any device. The platform provides streamlined trading with its clear and user-friendly interface, making it easy for traders to locate trading instruments, monitor trades, and access real-time market data. It also offers a customizable layout, so traders can arrange the platform to suit their individual requirements. Just bear in mind that the charting tools within the web platform are relatively basic.

Mobile trading platform:

Plus500 offers a mobile trading platform that is compatible with Android and iOS devices. The mobile app provides comprehensive trading tools that are similar to the web platform. The app is user-friendly and straightforward to navigate, but it lacks some features such as charting tools compared to the web trading platform.

Desktop trading platform:

Plus500 offers a downloadable desktop platform for Windows and Mac. The platform is equipped with advanced trading tools, an intuitive interface, and customizable risk management tools like guaranteed stop-loss orders. The desktop platform is relatively similar to the web trading platform, but it offers advanced charting tools that are not available in the web or mobile platforms.

Markets and products:

Plus500 provides a broad selection of trading instruments across various markets, including CFDs for Forex, Commodities, Indices, Crypto, and ETFs. The broker offers a total of more than 2,000 trading instruments that can be traded either long or short. It is important to note that the broker’s product range is limited to CFDs only, which is a disadvantage for traders who want to trade financial instruments beyond CFDs.

Research tools:

Plus500 provides a range of research and analytical tools that are available on the broker’s web platform. These include economic calendars, market news updates, and real-time trading signals. The broker also offers a range of technical analysis tools such as charts, indicators, and oscillators, although they are relatively basic compared to other brokers.

Customer service:

Plus500 provides excellent customer support through various channels, such as email, phone, and 24/7 live chat. The broker’s customer support team is responsive, knowledgeable, and efficient in addressing customer queries and issues. An FAQ section is also available on the broker’s website, which answers most of the common questions related to trading with Plus500.


Plus500 provides a range of educational materials through its website, which is divided into four main sections: eBooks, tutorials, a glossary of trading terms, and video courses. The broker’s educational resources are well-structured and provide a comprehensive overview of trading concepts, risk management, and strategies. Additionally, Plus500 provides a real-time demo account for new traders to practice trading before going to live trading.

Demo Account:

Plus500 offers a demo account to give traders the ability to practice trading in a simulated environment with virtual funds. This account is accessible using the broker’s web, mobile, or desktop platforms. The demo account accounts provide an excellent way to get a feel for Plus500’s trading platform before investing actual money into trading.


Plus500 is a well-regulated and reputable broker that deserves consideration for traders who want low-cost trading and ease of access to numerous trading instruments. The broker’s trading fees are competitive and transparent, and its web-based platform is effortless to use. The lack of commissions, low spread fees, tons of instruments featuring across different markets, and excellent customer service make Plus500 an attractive option for beginner traders. However, the absence of MetaTrader 4 or 5 software options, limited research tools, and lack of trading accounts make Plus500 a subpar option for long-term traders and professionals.

FAQ with answers:

1. Is Plus500 a trustworthy broker?
Yes. Plus500 is a trustworthy broker with a long-standing reputation of being transparent and fully-regulated by authorities.

2. What types of trading accounts does Plus500 offer?
Plus500 provides only one standard trading account that offers no commissions besides spreads.

3. Can I open a demo account with Plus500?
Yes. Plus500 offers demo accounts with virtual funds to provide traders the opportunity to practice with the broker’s trading platform before actual trading.

4. Does Plus500 charge fees on deposits or withdrawals?
No. Plus500 does not charge fees for deposits or withdrawals.

5. What is the minimum amount to open an account with Plus500?
There is no minimum deposit amount to open an account with Plus500.

Alternative brokers:

If Plus500 is not the ideal broker, there are a few alternatives to consider. These include:

1. eToro
2. IG
3. XM
4. Pepperstone

These brokers are reputable and offer competitive trading fees, an extensive range of trading instruments, and robust trading platforms that suit different traders’ individual needs.

PLEASE NOTE: Some of the articles have been created by Artificial Intelligence for marketing purpose. Not all of them has been reviewed by humans so these articles may contain misinformation and grammar errors. However, these errors are not intended and we try to use only relevant keywords so the articles are informative and should be close to the truth. It’s recommended that you always double-check the information from official pages or other sources. Also, the articles on this website are not investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warrant that any such movements or levels are likely to reoccur in the future.

In accordance with the requirements set by the European Securities and Markets Authority (ESMA), trading with binary and digital options is only available to customers categorized as professional clients.

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