- Easily trade CFDs and forex from the one account
- Multiple international markets
- No commissions
Not so great for
- No physical share trading
A leading provider of Contracts for Difference (CFDs) in Australia, Plus500 offers CFD and forex trading for retail customers. With over 2000 financial instruments including share market CFDs, forex, indices and commodities available, Plus500 is a solid all round trading option.
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.
0.7 - 3.0 pips
Minimum trade size
Plus500 Web Trader
|Type of broker||Online|
|Available markets||70 global currency pairings, commodities, cryptocurrency, index CFDs, stock CFDs, options|
|Minimum spreads||0.7 - 3.0 pips|
|Leverage||5:1 - 300:1|
|Minimum opening balance||AU$100|
|Minimum trade size||0.01 lots|
|Platforms||Plus500 Web Trader|
|Support||Phone, email, live chat|
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.
Choosing to open a Plus500 account through finder will give you access to exclusive offers that you won't be able to find anywhere else.
Plus500 are offering all new live accounts a first deposit bonus to help you get started. Depending on how much you deposit and which bonus code you enter on the broker's deposit page, you'll be credited the following bonus into your account:
|Minimum Deposit||Bonus Amount||Required Trading Volume||Bonus Code|
A first deposit bonus is not cash you can simply withdraw, but instead a margin bonus that allows you to increase your trading size. If you take up the bonus, you must be aware that you can't withdraw the funds without satisfying the volume requirements and should understand the risks involved of trading with higher margin.
For full terms and conditions, check the Plus500 website.
The following features of the Plus500 CFD and forex trading platform will help you make a decision on whether they're the right broker for you:
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 in multiple ways, including a cloud based trading platform, desktop platform, smartphone apps (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. There is no time limit for how long you can use the demo account, which subjects you to real market conditions so that you can see how well your strategies work.
A number of tools are accessible on the Plus500 trading platform to help you manage your risk in the markets. 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 follows the strict regulatory requirements in order to remain. This includes all client funds being held in a segregated trust account and cannot use them for hedging purposes.
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.
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 easily 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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