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Plus500 Review 2024 – Invest & CFD

Franklin Silva| Updated February 6th, 2024
Plus500 Review 2024 - Invest & CFD 1
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80% of retail CFD accounts lose money.

Hello, fellow investor! We will review Plus500 to help you find out whether it is the right investment platform for you.

We recommend Plus500 if you are a trader looking for a reliable broker with competitive spreads and a broad CFDs product portfolio.

Plus500 is available in over 50 countries, including the UK, Germany, Netherlands, Australia, South Africa, and Singapore. Besides, it is also listed in the London Stock Exchange (FTSE 250 Index), meaning it must disclose its financial statements, and it is regulated by top-tier regulators like the FCA in the UK.

Currently, Plus500 Invest and CFD are unavailable in the US. As such, this review does not apply to US residents. US residents can explore TradeSniper and Plus500 Futures, two Futures platforms created by Plus500.

That’s Plus500 in a nutshell. If you want to find out what our research team has to say after analysing Plus500, keep reading. Here’s what we’ll cover:

Plus500 Review

1. Overview

Founded in 2008, Plus500 is an online broker based in Israel that offers a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies.

There are three distinct platforms:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares).
  • Plus 500 Futures: Where you can invest in Futures (only available for US residents)

Plus500 Review – Plus500 Invest, CFD & Futures

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and access from multiple devices, including a mobile app. All platforms are very responsive, and you can start testing the features by opening an unlimited demo account for free (Plus500 CFD).

Some brokers provide webinars, courses, and other educational materials to help clients gauge their investment strategies efficiently. Plus500 offers no relevant educational materials. The only tool it displays is the “Trading Academy”, which includes an eBook and “how-to” videos, as well as weekly webinars. It is only advised for first-time traders.

Their customer support is helpful and readily assessed through a chat that is always shown on the trading platform. Besides, you can contact them through e-mail and a 24/7 WhatsApp contact. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they charge a small commission per trade (US market: $0,006/share) plus a lower currency conversion fee of 0.30%.

Plus500 CFD also offers an unlimited demo account for free so that you can explore the Plus500 Webtrader with virtual money!

Finally, it is regulated by financial regulators like the FCA, CySEC, ASIC, FSA, MAS, DFSA, EFSA, and ISA (and expanding even at the moment), meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account with. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis to all its clients (even outside the European Union).

Plus500 Highlights

🗺️ Supported Countries +50 countries – Exceptions include the US and Canada
💰 CFDs fees Low
💰 Currency Conversion fee Up to 0.70%
💰 Inactivity fee $10/monthly after 3 months with no activity
💰 Withdrawal fee €/$/£0
💵 Minimum Deposit €/$/£100
📍 Products offered CFDs (and Stocks on Plus500 Invest)
🎮 Demo Account Yes
📜 Regulatory entities FCA, CySEC, ASIC, FSA, MAS, DFSA, EFSA, and ISA

Plus500 Review

2. Pros and Cons


  • Acessible and responsive platform
  • Low spreads
  • No dealing commissions
  • Demo Account (Plus500 CFD)
  • Top-tier regulators


  • No ETF offering (if offers CFD on ETFs, however)
  • Inactivity fee ($10 per month after no login activity in 3 months)
  • High overnight funding fees

Plus500 Review

4. Trading Platform

As stated above, you will use WebTrader, Plus500’s proprietary platform in Plus500 Invest and CFD account types.

You will not miss any essential features since you will encounter an intuitive and customisable dashboard, watchlists, alerts, and technical analysis tools. However, Plus500 does not make the popular MetaTrader 4 (MT4) platform available. We believe that this is only a drawback for really experienced traders.

On the top left side, you can switch from CFD to Invest account:

Plus500 trading platform

Plus500 Review – Trading Platform

Within Webtrader, you will find +Insights, a trend exploration-driven tool – which allows users to explore predefined measurements such as “most bought”, “most sold (shorted)”, “most profit-making positions”, “most loss-making positions”, etc. And get a list of the “Top 10” instruments in that respective measurement – a glimpse into the “wisdom of the masses”.

The newer addition – Instrument +Insights Tab – is an instrument-focused experience that lets users dive deeper into each instrument’s data. The first part of this tab is based on ‘Plus500’ trading data – how many views has this instrument had in the last 24hrs? How popular is this instrument (how well is it traded)? The second part is where users can get an analysis of news, what the crowd thinks about it, the subjectivity of this opinion vs ‘real-world’ data, and the volume and source of those news items.

The Plus500 trading platform offers:

  • Risk management tools
  • 110 technical indicators and 13 charts, allowing to use multiple simultaneously
  • Real-time Trading Alerts, unique to Plus500.
  • Watchlists – Users are able to manage multiple favorite lists.

All features are available throughout Plus500’s native platforms (desktop/iOS/Android).

Plus500 Review

5. Products & Markets

At Plus500 Invest, you only find +2,700 stocks in exchange in the US and Europe, including small regions like Portugal or Austria.

At Plus500 CFD, the product offering widens to CFDs on Indices, Forex, Commodities, Crypto, Shares, Options and ETFs:

Plus500 financial instruments

Plus500 Review – Financial instruments

Some unique and exclusive to the Plus500CFD platform  – AI Index, ESG and Impact Indices and a great number of options CFDs.

When placing an order, this is all the information you will get (EUR/USD as an example):

Plus500 EURUSD

Plus500 Review – Trading EUR/USD

Retail account holders have access to up to leverage up to 30:1, depending on the instrument traded.

Plus500 Review

6. Fees snapshot

  • Plus500 Invest:

You will find no deposit or withdrawal fees and no custodial fees. So, what will they charge you? Trading commissions and a currency conversion fee.

You will be charged a $0.006 per share with no minimum fixed commission on US stocks. However, for most European stocks, there will be a trading commission of 0.045% of the trading value with a minimum per order of €2.

Plus500 Trading commissions

Plus500 Review – Trading Commissions

In addition, a currency conversion fee of 0.30% will be applied to every trade executed and transaction charged in a currency that differs from your account currency.

  • Plus500 CFD:

In the CFDs space, Plus500 does not charge dealing commissions. Their primary source of revenue comes from spreads. To ensure you understand what a spread is, let’s use the following example: You are trading EUR/USD. If the ask price (the price you buy) is 1.21066 and the bid price (the price you sell) is 1.21058, Plus500 will earn the difference (a market spread of 0.8 pips – see image below).

Plus500 Spreads

Plus500 Review – Spreads (“Illustrative prices”)

Other fees included are the following:

  • Overnight funding: It is another name for a daily interest rate. Remember that by trading CFDs, you are using leverage. In essence, you are being lent money in addition to your initial deposit, and, as you may imagine, that comes at a cost;
  • Currency conversion: As in Plus500 Invest, If you have EUR and want to invest in USD-denominated security, you must first convert your EUR to USD. That process comes at up to 0.7% each time you do that translation (yeah, when you sell your USD asset, you will be charged again).
  • Inactivity fee: If you do not log into your account in a consecutive three months period, a recurrent $10 monthly fee will be applied. It stops charging you as soon as you log in back again.

Besides, there is a particular type of fee that comes with an advantage to you, it is purely optional and might be handy in volatile markets: “Guaranteed Stop Order”. It is an excellent way to protect yourself against extreme market turmoil (see more details in the “Regulation” section). The fee associated with it is charged via a wider spread.

Plus500’s fees are pretty competitive in the brokerage industry. Plus500’s website denotes transparency about all involved costs, enabling quick comparisons and calculations. Still, you will only be able to see some fees on “Details” (next to the instrument’s name) inside the platform and not on their website. So, before placing an order, make sure to give it double-check.

Plus500 fees

Plus500 Review – Fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

¹ By total number of relationships with UK CFD traders, Investment Trends 2020 UK Leverage Trading Report.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.