The minimum deposit to open a live trading account with Plus500 is $100 or its equivalent in other currencies. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active plus500 canada investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

Inactivity Fee

The minimum deposit is $100, and the broker does not charge any deposit fees. Plus500 does not accept third-party payments, so all deposits have to originate from your sources, and the payment method used must be registered in your name. The market insights are clear, and the customer support team is always ready to assist. Plus500 provides a seamless trading experience with an intuitive platform and detailed market insights. Their customer service is always prompt and helpful, making them a top choice for traders.

Their platform is user-friendly, and their market analysis is incredibly insightful. Plus500 offers reliable trading services with a seamless platform and excellent market analysis. Their platform is user-friendly and their market insights are highly valuable. Plus500 provides a simple-to-use trading platform with trustworthy market data. Yes, Plus500 provides a demo account with virtual funds, allowing users to test their trading methods and become acquainted with the platform’s features. Plus500 provides an easy and affordable way for traders to enter the market, with a relatively low minimum deposit requirement of just $100 (or its equivalent in other currencies).

Fees

Plus500 has continued to make minor improvements to its platform over the years, and as those enhancements have stacked up it has edged closer to competing with the industry leaders in this category. However, Plus500’s market maker execution is beneficial in various ways, including fast trade executions, zero commissions, and more. At Plus500, you can trade CFDs on some of the world’s most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, Cardano, NEO, EOS, and IOTA. This means that you speculate on their price movements without actually owning them. To trade CFDs on Indices with Plus500, you can open the instrument and view the relevant instrument information, such as charts, spread information, rollover details, and others.

• Here we will review all you need to know, including; regulation, fees, the trading platforms, education and research, plus more.
• Plus500 charges an inactivity fee if an account remains inactive for a period of three months or more.
• The CFTC-approved broker facilitates low-cost trading with zero platform, routing, and inactivity fees.
• Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
• Overall, Plus500’s trading platforms are meticulously crafted to provide traders with a seamless, user-friendly, and efficient trading experience, accessible through web-based platforms or mobile apps.

It’s important to note that, like any trading activity, there is also the possibility of capital losses when engaging in these markets. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Plus500 allows traders to fund their trading accounts using various payment methods.

It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. There are the usual technical analysis indicators and drawing tools, an economic calendar, plus real-time sentiment analysis.

Have the additional security of regulation by the Financial Conduct Authority. However, it’s important to check with your payment provider as they may have their own transaction fees. The look, feel, and functionality of the Plus500 trading app closely mirrors the WebTrader browser platform, offering a satisfyingly seamless transition between platforms.

Plus500 mobile app screenshots

This fee is applied to positions that are not closed by a specified time, typically incurring a cost for maintaining the position overnight. Plus500 has a relatively low account minimum requirement of $100, making it accessible to traders with varying levels of capital. This lower barrier to entry allows traders to start with a modest investment and gradually increase their exposure as they gain experience. The Plus500 web trading platform, WebTrader, is an excellent choice for casual investors due to its ease of use and its focus on providing just the essentials.

The brand further strengthens its solid reputation with a listing on the London Stock Exchange and a sponsorship of the Chicago Bulls. Plus500 offers their client a wide variety of forex pairs to trade, including the majors, minors, and emerging markets. There are 71 currency pairs to choose from, which is at the upper end of offerings among brokers. This high number of currency pairs makes Plus500 a good choice for FX traders. Plus500 offers tight spreads and users can set up a free demo account to test the broker’s services before committing to a real account.

S stocks without bothering about the pattern day trading rule that applies to U.S. stock brokers. In addition, the broker charges a currency conversion fee for all trades on instruments denominated in a currency that is different from the currency of your account. This fee will currently be up to 0.7% of the trade’s realized net profit and loss and reflected in real-time into the unrealized net profit and loss of an open position.

Plus500’s straightforward trading platform makes it easy for me to monitor my investments and manage my portfolio effectively. Trading with Plus500 is a breeze thanks to their user-friendly interface, which simplifies the process for both new and experienced traders. Customer service is vital in trading industry, we are pleased to hear Pluss500 is giving exceptional support to their clients. Good trading tools helps a lot in this industry, we are please to read the positive feedback.

• Plus500 does not support the popular MetaTrader trading platforms, which are offered by most, but not all of its competitors.
• Yes, each affiliate is assigned a personal Affiliate Manager who provides guidance and support to help optimize your affiliate activities.
• While Plus500 currently has a limited array of educational materials, it remains a good choice for beginners due to its software’s ease-of-use factor.
• Some brokers also demonstrated their platforms live via videoconferencing, and our experts conducted hands-on testing with live accounts to further validate the platforms’ functionality and user experience.

Plus500 does not offer an extensive array of educational content for traders when compared to education leaders such as City Index, IG, or CMC Markets. Plus500 has also made content from the Corellian Academy available on its YouTube channel, along with the broker’s newly added Trader’s Guide series. Finally, like most brokers, Plus500 also provides a free demo account for traders looking to try out the platform or practice trading strategies before opening an account with real funds. Plus500 offers access to over 2,800 financial instruments, including CFDs, share dealing, and futures, delivering an intuitive and advanced trading experience. Users consistently rate the mobile apps highly for their functionality and ease of use. Plus500 is a reliable and secure platform for both novice and experienced traders.

Does Plus500 offer a Demo Account?

Visual learners will benefit from a comprehensive selection of free educational videos categorized by asset class (forex, indices, cryptocurrencies, and so on). Some of the videos tackle different strategies applicable to futures trading, while others outline the main benefits of this derivative instrument. In essence, this means opening and closing a futures position will cost you a total of $1.78 for standard and $0.98 for micro contracts.

It aligns well with the needs of both novice and experienced traders. Plus500 US excels at providing timely and adequate customer support available around the clock, including on weekends. Two communication channels are currently available, email and live chat. The FAQ section provides detailed answers to common questions traders may have. We tested the support service over the span of several days, inquiring about different aspects of the broker’s operations and services. The company simply provides a streamlined WebTrader platform along with similar mobile trading apps for iPhone, iPad, and Android devices where clients can place and monitor trades.

More Forex Guides

Plus500 will also not charge any withdrawal fees on all payment options available. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of Plus500. Plus500 will not charge any deposit fees, just like most online brokerage firms. It is easy to see from the above table that the spreads offered by Plus500 Standard STP Account are a bit higher than those offered by the big names in the industry, such as Admirals and FP Markets.

A Seamless Process

This makes it an appealing option for beginners and those wishing to explore trading with a modest initial investment. Plus500 offers a web-based platform and mobile apps for both iOS and Android, allowing access to your account anytime, anywhere. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.