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Plus500 Review 2022 – Online CFDs Trading Platform

Franklin Carneiro da Silva| Updated May 19th, 2022

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 in Europe looking for a reliable broker with competitive spreads and a wide CFDs product portfolio.

Plus500 is available in over 50 countries, including 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.

At the moment, Plus500 is not available in the US. As such, this review does not apply to US residents.

That’s Plus500 in a nutshell. If you want a more detailed review about the broker keep on reading, here’s what we’ll cover:

Plus500 Review

1. Overview

Founded in 2008, Plus500 is an online broker based in Israel that exclusively offers CFDs within a wide range of financial products (2000+) such as forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. As stated on their website: the principal activity is “online trading in ‘contracts for difference’ (CFDs) delivered through a proprietary trading platform via the web and other electronic channels.”

The platform you will be using is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices, including a mobile app. In Webtrader, you will not miss any essential features since you will encounter an intuitive and customizable dashboard, watchlists, and technical analysis tools. However, Plus 500 does not makes available the popular MetaTrader 4 (MT4) platform. We strongly believe that this is only a drawback for really experienced traders.

Take a glance at the Plus500 dashboard:

Plus500 web dashboard

Plus500 Review – WebTrader Dashboard

Some brokers provide webinars, courses, and other educational materials to help clients efficiently gauge their investment strategies, but Plus 500 offers no relevant educational materials. The only tool it displays is the “Trader’s Guide”, which is just “how-to” videos. It is only advised for first-time traders.

Trading sentiment can be a huge component of trading success. Given that, the broker grants you access to a “Traders’ Sentiment” indicator that shows what percentage of Plus500 clients are buying and selling a certain instrument.

Plus500, as one of the leading providers of CFDs, provides competitive spreads and product portfolio compared with its competitors, like eToro or XTB. Nonetheless, it will charge overnight funding fees, currency conversion fees, and an inactivity fee (10 USD per month after no login activity in 3 months).

It also offers a Demo account for free so that you can explore the Plus500 Webtrader with virtual money!

Plus500 Highlights

🗺️ Supported Countries +50 countries – Exceptions include the US and Canada
💰 US Stocks fees $0.006 per share
💰 CFDs fees Low
💰 Currency Conversion fee 0.30%
💰 Inactivity fee $10/monthly after 3 months with no activity
💰 Withdrawal fee €/$/£0
💵 Minimum Deposit €/$/£0
📍 Products offered Stocks, ETFs and CFDs
🎮 Demo Account Yes
📜 Regulatory entities FCA, CySEC, ASIC

Plus500 Review

2. Pros and Cons

Pros

  • Easy-to-use and responsive platform
  • Low spreads
  • No dealing commissions
  • Demo Account
  • Top-tier regulators

Cons

  • Only CFDs
  • Inactivity fee (10 USD per month after no login activity in 3 months)
  • High overnight funding fees
  • Very little research and education provided
  • Doesn’t allow scalping 

Plus500 Review

3. Fees snapshot

Plus500 fees

Plus500 Review – Fees

In comparison to other online brokers, Plus500 does not charge dealing commissions. Their primary source of revenue comes from spreads. To make sure 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

Other fees included are the following ones:

  • 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: If you have EUR and want to invest in USD denominated security, you must first convert your EUR to USD. That process comes at the cost of up to 0.5% for 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 3 months period, a 10 USD 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 it might be handy in volatile markets: “Guaranteed Stop Order”. It is an excellent way to protect yourself against extreme market turmoil (see more details on the “Safety and Regulation” section). The fee associated with it is charged via a wider spread.

Plus500’s fees are pretty competitive in the brokerage industry. Plus500 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 a double-check.


72% 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.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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.