Plus500 Review in Jan. 2024

Published on 08/12/2023
Fact checked 09/01/2024

TrustedBrokers Score

4.1 / 5
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved. Please consider our Risk Disclosure Statement and User Agreement before using our services.
  • Markets
    4.8 / 5
  • Trading environment
    2.5 / 5
  • Deposits and withdrawals
    4.7 / 5
  • Investor protection
    4.8 / 5
  • Customer service
    3.7 / 5
Our take on Plus500

Trade CFDs on 2,000+ instruments spanning Forex, shares, indices, commodities and ETFs. Plus500.com is a regulated broker listed on the London Stock Exchange.

Plus500's trading platform makes it easy to stay on top of market developments, by showing the biggest risers and fallers. It also provides unique insights into market sentiment, for example by showing the percentage of buyers and sellers of a given instrument at any point in time. This could be of interest if you're a contrarian investor.

However, those accustomed to the MetaTrader 4, 5 or cTrader platforms may miss the ability to create automated trading strategies or custom indicators. And whilst we were surprised by the quality of Plus500's charting tools, it isn't on par with TradingView yet.

Plus500 charges no fees on deposits or withdrawals. You can also open a trading account in your own currency. However, currency conversion fees up to 0.7% will apply later, on any realised profits or losses on instruments in other currencies.

  • Likes
  • CFDs on over 2,000 instruments including US and international stocks.
  • Advanced charting tools.
  • Market sentiment tools.
  • Dislikes
  • No support for MetaTrader 4, 5 or cTrader.
  • No support for automated trading.
  • No PAMM accounts.

Easily navigate this review:

4.8 / 5
Markets

Trade CFDs over 2,000 instruments across 20+ world markets. Few brokers match the range of instruments available through Plus500's platform.

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2.5 / 5
Trading environment

Plus500.com has created a sleek and user-friendly platform with advanced charting tools. It also provides unique insights into the trading activity that happens on its platform. However, the lack of support for trading robots, and absence of a raw spread account, could put some traders off.

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4.7 / 5
Deposits and withdrawals

Plus500 charges no fees on deposits or withdrawals. You can also open a trading account in your own currency. However, currency conversion fees up to 0.7% will apply later, on any realised profits or losses on instruments in other currencies.

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4.8 / 5
Investor protection

Plus500.com is regulated in the UK, the European Union, the UAE, and elsewhere. You'll enjoy negative balance protection with whichever entity you open an account with.

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3.7 / 5
Customer service

Plus500 support is available 24/7 by live chat, email and even Whatsapp. It's easy to get through to a customer support agent, however, it often feels as if agents are reading from a script.

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Author

About the author

I'm St├ęphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.