82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
82% of retail CFD accounts lose money.

Plus500 Review 2024

Open Account 82% of retail CFD accounts lose money.
By Philip Hoey - Updated 10 May 2024
Fact Checked

Plus500 is a CFD trading platform for multiple classes of assets. The company was founded in Israel in 2008 and is regulated by globally recognised authorities, including the Australian Securities and Investments Commission (ASIC), CySEC (#250/14) and Plus500UK Ltd is authorised & regulated by the FCA (#509909).

The company offers a wide range of financial products for short and long term trading via CFDs, including cryptocurrencies, ETFs, options, commodities, equities, stocks and forex. Plus500 became the first company to offer Bitcoin CFDs in 2013. Some of the top trading features include tight spreads, up to 1:30 leverage, no hidden fees, and precise and swift execution of your orders.

Table of Contents

3 Steps to Sign Up on Plus500

1. Register: You can open a trading account on Plus500 quite straightforwardly.
All you need to do is provide your basic personal information, including your full name, phone number and email address. Ensure that you choose a strong password. You will also need to provide some type of document for KYC identification.

2. Make a Deposit: After you have verified and activated your account, you will need to deposit some funds into your account, which is relatively straightforward. The minimum deposit amount is only $100. There is no deposit fee, so you can use your credit or debit card to deposit the funds.

3. Start Trading: Once you have deposited working capital into your account, you are ready to start trading. However, you should first read the FAQs and other related educational material available on the website instead of jumping right into it. This will help your risk management strategy.

Pros & Cons


  • Allows you to trade more than 2,000 digital assets via CFDs
  • Low commissions and spreads compared to their closest competition
  • You can trade a wide range of cryptocurrencies via CFDs. Primary categories include CFDs
  • Minimum working capital deposit is only $100
  • Regulated by globally reputed authorities including the FCA, FRN, CySEC, ASIC, FMA, FSCA and MAS
  • Up to 5 withdrawals a month are free


  • Not available in US and Canada
  • Educational materials are not as good as those of their competitors
  • WebTrader is not compatible with other trading platforms or tools

Plus500 Compared

With over 200,000 active customers and $1.3 trillion in trading volume to date, there is no argument about the success and reputation of Plus500. It has developed a multiple platform approach to offer online and mobile trading platforms, while offering a wide range of digital assets to trade.

However, it is recommended that you research different top trading platforms before investing to ensure you have access to all the features you are looking for.

Min Deposit
$ 100
User Score
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
Min Deposit
$ 100
User Score
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Min Deposit
$ 1
User Score
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

History of Plus500

Plus500 was established in 2008 and started offering CFDs on shares with zero commission in 2009.

By 2011, the online trading platform hit the 2 million monthly transactions mark. This unprecedented success allowed it to launch a dedicated mobile app for iPhone and iPad to allow users to trade on the go. The mobile app became the highest-rated CFD trading app on the app store, allowing it to expand its offerings by more than 1,000 stocks from various global financial markets.

In February 2014, the trading platform hit a market valuation of $1 billion on the London Stock Exchange’s AIM section and introduced its ‘Guaranteed Stop’ feature to its users.

2019 saw the trading platform include many advanced charting features, drawing tools, and indicators to make technical analysis easier for investors.

Regulation and Security

Although Plus500 does not offer any insurance for your deposits, globally reputed authorities regulate it, including the FCA, FRN, CySEC, ASIC, FMA, FSCA, and MAS for enhanced transparency and accountability. The company is mandated by law to keep client funds separate from the company’s own, so in the event of insolvency, assets and funds of its clients remain safe.

Is Plus500 reliable?

The company releases its financial performance and reports every year to maintain transparency and high visibility.

Keep in mind that Plus500 has multiple subsidiaries that offer different types of financial safety and cover in the event of anything going wrong. It mostly depends on your country of residence.

For some countries in the EU like Norway, users are protected up to €20,000, whereas users in Singapore, Israel, Australia, South Africa and New Zealand are not covered.


With more than 35 million positions opened and trading volumes in excess of $1.3 trillion, there is no question about its reputation. The company has struck big-name sponsor deals with multiple institutions, including legendary NBA team, the Chicago Bulls.

For the last 12 years, the platform has continued to add more features and options to ensure traders get exactly what they are looking for on one platform. With great user-friendly tools, such as customer protection measures, free email and push notifications for price movements and market events — Plus500 has established itself as a reputable broker in the industry.

Is Plus500 for Me?

I’m a Beginner

Amateur traders who just want to test the waters will find invaluable features on the platform. There is a demo account that can be used to familiarise users with the interface of the platform, which can be used to test different strategies to get a feel for how trading works. This prepares beginner investors for real-world trading. It is recommended that beginners start out with the minimum deposit of $100 so they don’t lose too much money. It’s important to note though that, while the demo account could be useful for beginners, Plus500 is more suitable for experienced traders due to the risk CFD trading entails.

I’m an Expert

For advanced traders, it offers a wide range of tools and charts so they can make the most of their experience. Their economic calendar, alerts, and risk management tools allow investors to be more disciplined and productive with their time and money.

What Are the Benefits of Trading Crypto on Plus500?

On Plus500, you can trade CFDs of popular cryptocurrencies such as Bitcoin, Ethereum, Neo, Tron, Cardano, Bitcoin Cash, Stellar, EOS, and Litecoin. If you are looking to diversify your crypto portfolio, you have the option to trade indices, such as the Crypto 10 Index, which minimizes risk and increases the chances of returning profit but can also lead to losses. It is important to remember that when trading CFDs, you should assess whether you can afford to risk losing your money.

Trading crypto CFDs has multiple benefits that have no requirement for any exchange account or wallet, so there is no need for directional trading since buying and selling are just as convenient and offer their trading services 24/7.

Moreover, traders can manage their risk by controlling losses through price alerts and different types of stops, such as trailing stops and stop losses. These features are essential for helping to trade highly volatile financial instruments, such as cryptocurrencies. Using it for crypto trading means you get competitive spreads and zero commissions.

Fees and Costs of Plus500

The online trading platform does not have any deposit charges and even covers a majority of payment processing fees. Unlike other CFD platforms, it does not charge any commissions on your trades. Where the company actually makes its money is through market bid spreads, i.e. on the basis of price differences of the assets you are buying or selling.

Apart from that, if you need to do a currency conversion, Plus500 will charge you up to 0.7% for trades that are in a different currency compared to your account. There may also be an overnight fee that is charged by the company for the leveraging cost to open different CFD positions. The fee can either be deducted or added to your account.

When it comes to withdrawal charges, usually there are none. However, if you are withdrawing through bank transfers, Plus500 will have to cover bank processing charges that will be around the $6 mark. You also need to keep in mind that only five withdrawals are free in a month, so exceeding that limit will cost you $10 per additional withdrawal.

Lastly, there is an inactivity fee that is $10 a month if you don’t log in to your account for 3 months or more.

Payment Methods and Limits

Accepted Deposit Methods

  • Visa
  • Mastercard
  • PayPal
  • Bank Transfer
  • Skrill
  • iDeal
  • BPay
  • Klarna
  • Giropay
  • Trustly
  • Przelewy24
  • MyBank

Trading Limitations

  • Minimum deposit of $100
  • Minimum withdrawal limit of $50
  • No maximum withdrawal limit applies

Performance Features and Functionality

As one of the highest-rated CFD trading apps on both iOS and Google Play stores, Plus500 offers a diverse range of features for those who are just starting out and those who want complete control over their trading.

When you open an account, your funds are held separately to ensure your money remains safe and secure. Consumer protectionism has been at the core of the trading platform, as they value the hard-earned money of their users. There is no wonder they have multiple licenses, regulatory authorizations, and a public listing on one of the world’s largest stock exchanges.

It operates in multiple jurisdictions and plans to expand its operations into more regions to diversify its reach. The company has also consistently invested in research and development projects to propel technological growth and consumer-centric innovation.

Moreover, it continues to invest in further development of the Marketing Machine, which will allow the company to improve its capacity to bring new customers on board based on the platform’s functionality, trustworthiness, and cost efficiency.

Trading Platforms

The trading platforms offered are intuitive and easy to learn. These include the proprietary platform and a web platform.

Unfortunately, there is not yet support for social trading, MetaTrader4 (MT4), MetaTrader 5 (MT5), or cTrader. However, given the success of the platform in the past few years, it is likely the company will add support for more advanced features in the future. Mobile apps for both iOS and Android are also available.

Educational Resources

Plus500 has expanded its educational resources in recent years similar to many competitors, and now offers an in-depth training academy, demo accounts,  free trading webinars, extensive market analyses and insights, and a “news and markets” section.

The platform also offers traders a comprehensive and up-to-date economic calendar that enables them to bring discipline to their trading.

Trading Options

The platform offers hundreds of assets and financial instruments for both amateur and professional traders. Primary categories include CFDs on:

  • Cryptocurrencies
  • Indices
  • Forex
  • Commodities
  • Shares
  • Options
  • ETFs

Since the popularity of cryptocurrency has grown in the last few years, Plus500 is now highly focused on improving its crypto trading experience for a wide range of users. Popular digital currencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more are already available, and you can also invest in cryptocurrency indexes.

Account Types

Demo Account

A demo account allows new users to get familiar with the UI and basics of instrument trading. Users can review multiple aspects of investing and try them out on their own without having to worry about losing any money. There is no time limit in terms of how long you can use the demo account.

Retail Account

This is for everyday crypto and other traders who want to take a more cautious and calculated approach but have command over trading basics. This account provides them with multiple protection options like negative balance protection. There are certain restrictions, but they are there to keep traders’ funds safe.

Professional Account

To become a professional trader on the platform, you will need to meet certain criteria. You have to demonstrate substantial trading activity in the last 12 months, a trading portfolio in excess of €500,000 or professional experience in the field.

Final Thoughts on Plus500

If you are a crypto trader who wants to deal in hundreds of altcoins, then this trading platform may not be for you. However, when it comes to trading popular coins, primary categories include CFDs on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and more; there are very few platforms that can compete with the performance, reliability, and affordability of Plus500. The platform has been around for more than 12 years and has continued to adapt according to the market, providing stellar experiences to millions of traders.

With the future belonging to crypto, there is little to no doubt that it will emerge as the leading trading platform brand in the coming years. It has never shied away from maintaining regulatory compliance and has demonstrated transparency by releasing financials publicly. If you are searching for a trustworthy cryptocurrency trading partner, it won’t hurt to check out Plus500.

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Frequently Asked Questions

Can you use a demo account on Plus500?
Absolutely. It offers a demo account of unlimited duration to traders who want to familiarise themselves with the UI and trading essentials.
Can I only trade cryptocurrency on Plus500?
No. It is a versatile platform that offers indices, options, shares, ETFs, in addition to cryptocurrencies via CFDs.
Are MT4 and MT5 platforms supported by Plus500?
Unfortunately, there is no support for MT4 and MT5 on Plus500 currently. However, the platform does have mobile apps for both iOS and Android along with a robust proprietary web trader that can go head to head with MT4/MT5 in terms of performance, reliability, and security.
How can I get a professional account on Plus500?
You need to meet at least one of the three conditions to gain access to a professional account. You have to show substantial trading activity in the past 12 months, you have to have a working capital in excess of €500,000 or professional experience in the field.