- Trade stock CFDs and forex from the one account
- Multiple international markets
- No commissions +
- Live chat
Not so great for
- No physical share trading
- CFDs are risky
- No phone support
Disclaimer: Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider's PDS and consider the risks before trading.
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|Type of broker||Online|
|Available markets||70 global currency pairings, commodities, cryptocurrency, index CFDs, stock CFDs, options|
|Minimum Spreads for Major Currencies||0.7 - 3.0 pips|
|Minimum opening balance||200|
|Minimum Trade Size||N/A|
|Platforms||Plus500 Trading Platform|
|Support||Email and live chat|
Plus500 is accessible via your online browser, Windows 10 and iOs/Android mobile phones. Plus500 has one of the highest ratings for CFD trading apps on Apple's App Store and Google Play, thanks to its user-friendly and innovative features. Take a look at our review for more details.
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.
If you're an Australian trader, then it's worth noting that the company's Australian subsidiary, Plus500 AU LTD is licensed by the Australian Securities and Investments Commission (ASIC) and has an office presence in Sydney.
Note: Plus500AU Pty Ltd (ACN 153301681), licensed by ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Here are some of the main features from Plus500:
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.
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.
You can access your Plus500 trading account via a cloud based trading platform, desktop platform, smartphone app (iOS and Android) and even dedicated tablet apps (iOS and Android). Trade your way, wherever you may be.
Using pretend money, you can learn how to effectively trade CFDs and forex before committing your own money on a live account.
A number of tools are accessible on the Plus500 trading platform to help you manage your risk and get the best possible price. These include stop loss orders, stop limit orders, trailing stop orders, limit setting, price alerts and guaranteed stops.
Plus500 is licensed in Australia by the Australian Securities and Investments Commission (ASIC) and it follows strict regulatory requirements. This includes holding all client funds in a segregated trust account which cannot used for hedging purposes.
Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Plus500 offers services and options that will please practically every type 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:
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 simply start an instant 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 accessible in the one place.
If you're ready to open a CFD or forex trading account with Plus500, you'll need to click one of the 'go to site' links on this page and fill out the sign up form on the Plus500 website page that opens.
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:
Once your account has been approved by the Plus500 account services team, you will then be able to fund your account.
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