Plus500

Plus500 Review: Is Plus500 Good?

Broker overview and general information

Plus500 is an online CFD broker founded in 2008 and headquartered in Haifa, Israel. The company focuses on providing a user-friendly trading platform for all types of traders. It was also the first major broker in the world to offer Bitcoin CFD trading in 2013. Today, the broker has over 2 million clients, over 1,000 employees, a choice of over 2,000 assets, and business licenses from multiple regulatory bodies.

Licenses that brokers have obtained

If you ask whether Plus500 broker is good or not, you must first consider the license factor, which has the following licenses:

• Financial Services Authority (FSA Seychelles) License No. SD039 under Plus500SEY Company.

• Financial Conduct Authority (FCA) License No. 509909 under Plus500UK Ltd.

• Cyprus Securities and Exchange Commission (CySEC) license number 250/14 under Plus500CY Ltd.

• Financial Sector Conduct Authority (FSCA) License No. 47546 under PLUS500AU (PTY) LTD.

• Monetary Authority of Singapore (MAS) License No. CMS100648 under PLUS500SG PTE LTD.

• Dubai Financial Services Authority (DFSA) License No. F005651 under Plus500AE LTD.

• Australian Securities and Investments Commission (ASIC) License No. 417727 under Plus500au Pty Ltd.

• Financial Markets Authority (FMA) License No. FSP 486026 under Plus500AU Pty Ltd.

Products and services from brokers

Trading products

• Commodities

• Currency

• Cryptocurrency

• ETF

• Futures contracts

• index

• share

• bond

• Option contract

Trading platforms and tools

• Plus500 Webtrader: A web-based trading platform that is convenient and fast.

• Plus500 Windows 10: A trading platform optimized for Windows 10 that delivers performance

• Plus500 Mobile Trading Platform: Mobile trading application available on Android and iOS.

Broker Account Types

The broker offers only one account type: the Standard Account.

Standard Account

• Minimum deposit $100

• Trade a wide range of asset classes

• Easy to use platform

• Maximum leverage of 1:300 may not be suitable for short-term trading.

• There are spread and transfer fees.

Plus500 Review: Pros and Cons

Pros :

• There are over 2800 assets available for investment.

• Unlimited demo accounts available

• Under the supervision of a reputable agency

Cons :

• There are limited resources for learning.

• High minimum deposit to open an account

• A commission fee is charged.

• There is a deposit and withdrawal fee.

• Trading via MT4 and MT5 is not supported.

• A fee is charged for inactivity for a certain period of time.

Support and Customer Service

• Contact channels

  • Email: [email protected]

  • Website:https://www.plus500.com/en-th/

Broker Review Overview Summary

Plus500 is a broker with the advantages of having more than 2,800 assets to invest in, unlimited demo accounts, and being regulated by a reputable authority.

However, despite Plus500's advantages, the broker has some significant drawbacks, such as limited learning resources, a high minimum account opening amount, and commissions and fees charged on deposits and withdrawals. It also does not support MT4 and MT5 trading, and inactive accounts are charged fees for a certain period of time.

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