Plus500 Review Summary
The Plus500 trading platform is offered by Plus500CY Ltd. Plus500CY Ltd is a Cyprus based company with its offices located in Limassol and offer Contracts For Difference (CFDs) in various underlying products. When you open an account, Plus500CY Ltd will hold your funds on a segregated basis, in accordance with the Cyprus Securities and Exchange Commission's client money rules.
Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Monero, Litecoin, Ripple, Dash and NEM.
Other markets: Indices, Forex, Commodities, Share, Options, ETFs
Plus500 is mainly compensated for its services through the "market spread". Unlike other service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. An overnight fee, called a “Premium”, is either added or subtracted to/from your account whenever a position is left open after a certain cut-off time (the “Premium Time”).
Plus500 has a Webtrader, iOS app and Android app.
Negative balance protection
Free notification service
4 different stop orders
- “Close at Loss Order” (or Stop Loss Order)
- "Close at Profit Order” (or Stop Limit Order)
- “Trailing Stop Order”
- “Guaranteed Stop Order”
Plus500 has 24/7 support service.
Plus500 on Forums
Plus500 has many different review ratings on forums online. Some people claim it to be one of the best trading platforms and other claims it is a scam. However, we have tried this platforms ourselves and we experienced frictionless trading with many different features and charts.
Plus500 does not have any specific promotions at the moment.
Plus500 does not offer any specific education to its customers.
Plus500 UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer license in New Zealand, FSP #. 486026 authorizes us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500's official websites.