Plus500 provides online CFD trading services to retail clients. A wide range of trading instruments are available, including CFDs for popular forex pairs, exotic forex pairs, crypto currencies (such as Bitcoin), commodities, stocks, exchange traded funds, and indices.
Plus500 was founded in 2008 by six alumni of the Techion Institute of Technology in Israel. The company announced an IPO on the Alternative Investment Market market of the London Stock Exchange in 2013. Plus500 Ltd is based in Israel, but also has offices in the United Kingdom, Australia and Cyprus.
The main markets for Plus500 are Europe and Asia. They do not accept clients from the United States.’
Short facts about Plus500
|Accepts U.S. clients||No|
|Platforms||Plus500 Trading Platform|
|Regulation||ASiC, CySEC, FCA|
Unlike many other Forex brokers, Plus500 is only available on its own proprietary platform. This platform comes in three versions:
- Downloadable platform that you install on your computer
- Web based platform
- Platform for mobile devices
Regardless of which version you are using, you will enjoy a clutter free “no frills” trading environment. The minimalistic interface is streamlined with a focus on essential information only.
When Plus500 was first launched, the platform was available for PC only. In 2010, a browser version was added, chiefly to accommodate for Mac OS users. Plus500s first trading app for iPad and iPhone was launched in 2011, followed by a trading app for Android in 2012 and one for Windows Mobile in 2014.
Plus500 doesn’t have different account types for different clients. Instead, everyone gets the standard trading account.
If you want to try out Plus500 before you make a deposit, you can open a demo account and carry out “trades” with play money. The demo account is free and unlimited.
Plus500 is renowned for its low spreads, starting from 2 pips.
Plus500 do not charge a commission on trades. They make their money on the spread.
Plus 500 Ltd licenses their CFD Trading Platform as the Plus500 brand, and operates its CFD business through three different subsidiaries:
- Plus500UK Ltd is regulated by the Financial Conduct Authority, United Kingdom (FCA)
- Plus500AU Ltd is regulated by the Australian Securities and Investments Commission (ASIC)
- Plus500CY Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC)
Regrettably, Plus500’s customer support can not be reached by phone or live chat, only by email. This means that it is impossible to get help in real-time.
You can expect your email to be answered within 30 minutes. Emails are answered around the clock, seven days a week.
Plus500 accepts credit card deposits, wire transfers and Skrill.