Plus500 is a well-established online trading company that offers a wide range of financial instruments, including CFDs, shares and futures across three platforms and specific regulations. The company was founded in 2008 and is headquartered in Israel, currently it also has a working subsidiary in the UK. Plus500 is a regulated broker, overseen by multiple financial authorities across the world, indicating that the platform operates with transparency, integrity, and responsibility for its clients.
The company currently offers three platforms to their clients while planning on expanding to more markets.
Feature | Plus500CFD platform | Plus500 Invest platform | Plus500Futures platform |
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Best For | Experienced Traders | Stock Traders | US citizens wanting to trade futures |
Availability | ASIC, FCA, CySEC, FMA, MAS, FSCA, FSA Seychelles, EFSA, DFSA | CySEC | CFTC, NFA |
Markets | Forex, indices, commodities, stocks, options, ETFs, futures, crypto (2800+ assets) | Shares, (2700+ assets) | Future contracts (50+) |
Fees | Variable spreads, overnight funding, currency conversion fee, inactivity fee, higher spread for GSOs | $0.006 on US stocks, 0.045% on UK, IT, FR, DE stocks | Standard contract commission* $0.89
Micro contract commission* $0.49
Liquidation fee per contract $10 |
Platforms | Plus500CFD Webtrader | Plus500Invest Webtrader | Plus500Futures Webtrader |
Trade Size | 1 Unit, variable for each instrument | From 1 share | 1 contract |
Leverage | Up to 1:30 (ASIC, FCA, CySEC, FMA, FSCA, DFSA, EFSA), 20:1 (MAS), 300:1 (SFSA) | Not available | Depending on each instrument |
Special Features | Advanced tools, real-time quotes, guaranteed stop loss | Free market data, advanced trading tools | Futures academy |
Account Opening | Unlimited demo, $100 minimum deposit | $100 minimum deposit | Unlimited demo, $100 minimum deposit |
The Plus500CFD platform operates in more than 50 countries in the world, providing traders with access to more than 2800 instruments in seven categories –
forex, cryptocurrencies (availability subject to regulation), stocks, commodities, indices, options, and ETFs, all available for trading with leverage. There are two types of accounts on the platform – demo and real. The demo account offers unlimited trading as it has no time restriction and also has the same features as
the real account, so the traders can get a feel of the Plus500 platform with fictitious money. The real account requires a minimum deposit of $100 to start,
along with passing the mandatory requirements to verify the account and fill out a questionnaire to determine the trader’s experience.
The Plus500Invest platform on the other hand gives traders the opportunity to trade with more than 2700 real shares from 17 exchanges around the world.
However, this one is available in specific European countries only so one should check if they can access the Invest platform.
In recent acquisitions, Plus500 expanded on the US market with a future contracts platform, where more than 50 futures are at the disposal of traders to
negotiate. The platform also comes in demo and real trading accounts, allowing US traders to practise first before diving in.
Plus500 is known for its competitive trading environment, offering low minimum deposits, competitive spreads and no hidden fees. The platform also provides a range of trading tools, including market data, analysis charts, and educational resources. Additionally, Plus500 offers a mobile trading app, allowing traders to access the platform on-the-go.
The company has a strong financial performance, with consistent revenue growth over the years, reaching $726.2 million in 2023. Plus500’s EBITDA margin has been consistently above 50%, indicating efficient operations. The platform has a significant customer base, with a commitment to innovation and customer experience, ensuring a reliable and competitive trading environment.
Plus500’s proprietary technology stack supports its customers in every step of their journey with the platform, from marketing to onboarding, product usage, and customer service. The company’s technology infrastructure is robust, with a powerful CRM platform, cyber security, and anti-fraud protection features. Plus500’s scalable and reliable system architecture and platforms capabilities cater to its customers’ trading activities.
The company offers a comprehensive CFD platform that is aimed at traders around the world. Plus500 provides access to a portfolio of over 2800 instruments, allowing trading of stocks, indices, commodities, forex, ETFs, and options.
Plus500 has a simple, easy-to-use site, with an especially well-designed mobile platform, popular for traders looking to trade multiple asset classes. The platform is fully compliant with all the necessary financial regulations and procedures, ensuring proper operations.
Deposit:
At Plus500, the minimum deposit amount varies according to the payment method and the trader’s country of residence. Generally, the minimum deposit requirement is $100 or its currency equivalent (€/£) for online bank transfers, electronic wallets, and credit/debit card payments. For wire transfers, the minimum deposit is higher at $500. Deposits made through electronic wallets or credit/debit cards are typically reflected in the trader’s account within minutes, while bank transfers may take up to five days to process.
Withdrawal:
Withdrawal requirements and processes at Plus500 are designed to ensure a smooth and secure experience for traders. The minimum withdrawal amount for bank transfers is $100 (or the currency equivalent) or the available account balance, whichever is lower. For e-wallet withdrawals, the minimum is $50 (or equivalent) or the available balance, whichever is lower. Plus500 does not charge any withdrawal fees for bank transfers, credit/debit cards, or e-wallets. However, if traders request a withdrawal amount below the minimum, they may be charged a fee of $10. Currency conversion fees may also apply for withdrawals in a different currency than the account’s base currency.
To request a withdrawal, traders can log into their Plus500 account, navigate to the “Funds Management” section, and follow the prompts to initiate the withdrawal process. The available withdrawal methods include bank wires, credit/debit cards, and electronic wallets (PayPal, Skrill). Cryptocurrency withdrawals are currently not supported. The processing time for withdrawal requests can vary, but Plus500 typically processes them within 1-2 business days, subject to regulatory compliance checks and any additional documentation or verification requirements. Also, the Receipt of any withdrawals may include longer timeframes, depending on your bank or financial institution.
Plus500 is a well-established online trading platform that operates under the regulatory oversight of multiple financial authorities across the world. The company’s subsidiaries are authorized and regulated in different jurisdictions, ensuring that the platform operates with transparency, integrity, and responsibility for its clients.
Opportunities for trading with a regulated company:
Trading with a regulated company like Plus500 means several key points are integrated, including:
- Reputability: Trading on a regulated platform indicates that the company operates with transparency and integrity, providing a trustworthy environment for clients.
- Stringent Rules and Regulations: Regulated companies are subject to strict rules and regulations designed to protect the interests of retail clients, ensuring that trading activities are fair and transparent.
Regulatory Compliance:
Plus500 is committed to regulatory compliance, ensuring that its operations align with the requirements of the financial authorities. The company’s regulatory compliance is critical to maintaining its reputation and ensuring the trust of its clients.
Tax Compliance:
Plus500 complies with tax regulations, including the US Internal Revenue Service (IRS) regulations under Section 871(m) of the US tax code. The company has an obligation to obtain documentation from customers that trade instruments that reference US equities. This includes filling out forms such as Form W-8BEN (for non-US individuals) and Form W-9 (for US citizens or residents for tax purposes).
Identity Verification:
As part of its regulatory obligations, Plus500 requires clients to verify their identity and residential address. This includes uploading photo ID and residence information, which is used to perform identity and residential address verification.
Trading Restrictions:
Plus500 has restrictions on certain trading methods, including scalping, automated data entry systems, and hedging. The company also prohibits activities such as insider trading and market abuse, (as these are illegal) and reserves the right to void all trades and/or close accounts in such circumstances.
In summary, Plus500 is a well-established and heavily regulated online trading platform that provides a competitive and secure trading environment across multiple asset classes. With a focus on innovation, customer experience, and stringent regulatory compliance, Plus500 has emerged as a trusted name in the online trading industry. Despite offering diverse trading products and tools, the platform maintains a strong commitment to transparency, fairness, and client protection through its adherence to various financial authorities’ regulations. Plus500’s robust technology infrastructure and scalable systems enable it to cater to a growing global customer base effectively.