Plus500 Review

Plus500 offers low spreads from 1.9 pips and has over 400 reviews exceeding 67% approval based on customer support. It is easy to open an account with Plus 500, while the trading platform provides investors access to CFD trading offering 300:1 leverage. Investors should be aware that although high leverage can maximise capital gains, there is also a high risk of losing funds with highly leveraged positions.

Learn more about trading CFDs with The Plus500au Pty Ltd review below. Please note, that trading forex and CFDs expose your capital to risk and risk management strategies should be employed to minimise the high risk of losing money when trading CFDs.

By Justin Grossbard / Updated: Tuesday, February 18th, 2020

Plus 500 Fees
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Plus500 Strengths & Weaknesses

Our 2020 Plus500 review found a number of positive and negative elements which are listed below.

‘Top 3’ Plus500 strengths

‘Top 3’ Plus500 weaknesses

  1. Low leverage levels
  2. Unique trading platform
  3. Direct support

Open a demo account >>Visit Plus500 >>

Plus 500 is a CFD provider based in Israel and listed on the London Stock Exchange. The global online broker is regulated by top-tier authorities around the world, including MAS (Singapore), ASIC (Australia), CySEC (Cyrpus), and the FCA (UK).


Our Rating

The overall rating is based on review by our experts

5.83
Spreads
8 / 10
Leverage
6 / 10
Trading Platform
5 / 10
Risk Management
4 / 10
Range of Markets
5 / 10
Customer Service
7 / 10

Yes. Plus500AU is a subsidiary of Plus500 international. Not only is Plus500 AU regulated by the Australian regulator, they also have an office located in Clarence St, Sydney with local support. Their parent company headquarters are in Israel.

Not only does Plus500 offer bitcoin trading, they boast a range of cryptocurrencies for trading and speculation too. If you’re wanting to take advantage of the hype and volatility of cryptos such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple and IOTA with Plus500 you’re in luck. Unlike other financial markets, the cryptocurrency market is open 24/7. If you’re wanting to trade on the weekends, no problems as long as its not for 2 hours between 12:00 and 14:00 UTC on Sundays.

The Plus500 webtrader platform is a desktop based platform that is accessed via a web browser. No software needs to be downloaded or installed onto a PC. All that is required is an internet connection. The Plus500 windows trader on the other hand is a program that needs to be installed on your desktop.

Yes. All withdrawal methods supported with Plus500 carry a minimum withdrawal threshold. To find out the exact Plus500 minimum withdrawal amount please refer to the trading platform’s withdrawal screen.

The Plus500 platform is one of the most user-friendly platforms out there, yet, it includes advanced features attractive to experienced traders. Their risk management tools including guaranteed and trailing stops Plus500 would suit traders with the relevant experience. On the other hand, the Plus500 demo account is a great tool for beginners. Remember, trading financial instruments such as Forex, CFDs and Cryptos carries risk so spend time researching, learning and practicing on a demo account FIRST!

Final Verdict

Our Plus500 review found that this company among other Australian Forex brokers is perfect for fx traders with relevant experience. This is because they have low fees and fixed spreads, negative balance protection and a simple to use platform combined with a guaranteed stop offering. Expert CFD Traders though may not like these features and prefer more mainstream forex platform options and higher leverage to increase their risk profile. They may also appreciate the vast amount of trading products the company offers. Overall, the CFDs Provider is worth considering for those looking to make their first steps towards currency trading. You can check out our comparison with IG Markets here.

About Compare Forex Brokers

All reviews and forex broker comparison tables were created by Australians who don’t work for any of brokers compared. The forex broker comparisons information was gained from each provider’s website (including this plus 500 review) or from demo & trading accounts. The forex broker comparisons looks at elements including the Australian forex brokers platform used, spreads and features. Each financial services provider compared must be ASIC regulated including the account types offered. Tables were designed to make forex trading setup easier providing pros/cons of different providers. The brokers selected for comparison were also all nationally certified with strong market share to avoid scams or other poor conduct of some smaller unregulated brokers.

View 'Head-To-Head' Comparisons Of Plus500 To The Following Forex Brokers:

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