Plus500 Review Summary of 10 Points
Founded	2008
Headquarters	Israel
Regulation	FCA, CySEC, ASIC, FMA, MAS
Market Instruments	forex, cryptocurrencies, stocks, indices, commodities, and options
Demo Account	Available
Leverage	1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks)
EUR/USD Spread	0.5 pips
Trading Platforms	own proprietary trading platform (desktop, web, and mobile)
Minimum deposit	$/€/£100
Customer Support	24/7 email, WhatsApp and live chat

What is Plus500？

Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.

What Type of Broker is Plus500？

Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).

Pros & Cons

Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.

However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.

Pros	Cons
• Simple and easy-to-use trading platform	• Limited product offering
• Commission-free trading	• Limited research and educational tools
• Tight spreads	• No support for MetaTrader platform
• Negative balance protection	• Limited customer support options
• Regulated by reputable financial authorities	• No phone support
• Free demo account	• Withdrawal fees for some payment methods
	• Limited trading tools and features

Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.

Plus500 Alternative Brokers

There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:

• eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.

• IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

It's important to do your own research and compare the features and fees of different brokers before making a decision.

Is Plus500 Safe or Scam？

Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.

How are you protected？

Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:

Protection Measure	Detail
Segregated Funds	Client funds are kept separate from company funds
Negative Balance Protection	Clients can't lose more than their account balance
Risk Management Tools	Stop loss, limit order and other tools to help manage risk
Account Verification	Rigorous account verification process to prevent fraud and unauthorized access
SSL Encryption	Secure Socket Layer (SSL) encryption used for all communication and data transfer
Regulatory Oversight	Regulated by multiple reputable financial authorities
Investor Compensation Fund	Eligible clients may receive compensation in the event of insolvency or bankruptcy

Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.

Our Conclusion on Plus500 Reliability:

Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.

However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.

Market Instruments

Plus500 offers a wide range of trading instruments including:

• Forex pairs - major, minor, and exotic currency pairs

• Stocks - CFDs on stocks from various international markets

• Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more

• Commodities - CFDs on precious metals, energies, and agricultural products

• Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more

Accounts

Plus500 offers two types of accounts: a live trading account and a demo account.

The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.

The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.

Leverage

Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.

For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.

It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.

Spreads & Commissions

Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Plus500	0.5 pips	No
eToro	1.0 pips	No
IG	0.75 pips	Yes
XM	1.6 pips	No
Pepperstone	0.16 pips	Yes
IC Markets	0.1 pips	Yes

Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.

Trading Platforms

The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.

The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.

Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:

Broker	Trading Platforms
Plus500	Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app
eToro	eToro WebTrader, eToro mobile app
IG	IG Trading Platform, IG mobile app
XM	MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app
Pepperstone	MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app
IC Markets	MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app

Deposits & Withdrawals

Plus500 offers several deposit and withdrawal methods, including:

• Credit/debit card (Visa or Mastercard)

• PayPal

• Bank transfer

• Electronic wallets (Skrill, Neteller)

It's worth noting that the availability of certain payment methods may vary depending on your location.

Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.

Minimum deposit requirement

The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.

Plus500 minimum deposit vs other brokers

	Plus500	Most other
Minimum Deposit	$/€/£100	$/€/£100

Plus500 Money Withdrawal

To withdraw funds from Plus500, you need to follow these steps:

Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.

Step 2: Click on “Withdrawal” and select your preferred withdrawal method.

Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.

Step 4: Click on “Submit” to initiate the withdrawal process.

It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.

Fees

Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.

The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.

It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.

Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Plus500	Free	$5-$10	$10/month
eToro	Free	$5	$10/month
IG	Free	Free	$18/month
XM	Free	Free	$5/month
Pepperstone	Free	Free	$0
IC Markets	Free	$3.5	$0

Customer Service

Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.

You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.

Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.

Pros	Cons
• 24/7 customer support via live chat	• No phone support available
• Multilingual support	• Sometimes response is not prompt
• User-friendly help center and FAQ section

Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.

Education

Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.

Conclusion

Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.

However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.

In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.

Frequently Asked Questions (FAQs)

Q 1:	Is Plus500 regulated？
A 1:	Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS.

Q 2:	Does Plus500 offer demo accounts？
A 2:	Yes.

Q 3:	Does Plus500 offer industry-standard MT4 & MT5？
A 3:	No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile).

Q 4:	What is the minimum deposit for Plus500？
A 4:	The minimum initial deposit to open an account is $/€/£100.

Q 5:	Is Plus500 a good broker for beginners？
A 5:	Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Registered in	Cyprus
Regulated by	CYSEC
Year(s) of establishment	10-15 years
Trading instruments	Currency pairs, indices, metals, energy
Minimum Initial Deposit	$50
Maximum Leverage	1:30
Minimum spread	0.0 pips onwards
Trading platform	MT4, MT5
Deposit and withdrawal method	Bank wire transfer, credit card, skrill, neteller, etcetera
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of LiteForex

Pros:

• Wide range of tradable markets including currency pairs, indices, metals, and energy.

• Competitive average spread for EURUSD at 0.5 pips.

• Offers demo account for risk-free trading.

• Two types of live accounts to choose from based on trading habits.

• Provides various educational resources such as glossary, e-books, tutorials, and economic news.

• Multiple language support for customer service.

• Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees.

Cons:

• Limited information on spreads and commissions.

• No information available on cryptocurrencies or stocks.

• Maximum leverage of 1:30, which may not be sufficient for some traders.

• No mobile trading platform available.

• Limited working hours for customer service.

What type of broker is LiteForex？

Advantages	Disadvantages
No conflict of interest	Higher spreads than market makers
Straightforward pricing	No fixed spreads
Lower trading costs	Possible requotes during volatile markets
No trading restrictions	Slower order execution than market makers

LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.

General information and regulation of LiteForex

LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Large range of trading markets available	Cryptocurrencies and stocks currently unavailable
Suitable for both beginners and experienced traders	No information on the number of instruments offered
Access to currency pairs, indices, metals, and energy	No information on the availability of exotic pairs

LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex's instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks.

Spreads and commissions for trading with LiteForex

Advantages	Disadvantages
Tight and variable spreads	Lack of transparency on spread and commission information
Competitive average spread for major currency pairs	No information on commission charges
No hidden fees or charges

LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.

Trading accounts available in LiteForex

Advantages	Disadvantages
Demo account available to practice trading	Limited account types offered
Two types of live accounts available to choose from based on personal preferences	Lack of clear information on spreads and commissions
Option to choose between zero commission with higher spreads or lower spreads with $3 commission per lot

LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences. However, there is limited information available on spreads and commissions, which may be a disadvantage for some traders. Overall, LiteForex's account options cater to both new and experienced traders.

Trading platform(s) that LiteForex offers

Advantages	Disadvantages
MT4 and MT5 are both popular platforms	Some traders may prefer other platforms
Well-known and trusted by traders	Limited customization options
Easy to use and navigate	Limited charting tools and indicators
Wide range of features and tools	Limited options for automated trading
Ability to use expert advisors	Limited compatibility with other platforms
Fast and reliable execution	No proprietary platform for unique features or advantages

LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited. Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders.

Maximum leverage of LiteForex

Advantages	Disadvantages
Allows traders to increase their trading position with a relatively small amount of capital	High leverage increases risk and potential losses
Can lead to higher profits with successful trades	Inexperienced traders may be tempted to over-leverage their positions
Attracts traders with smaller capital amounts	Changes in market conditions can lead to sudden losses
Offers flexibility in trading strategies	Regulators may restrict leverage levels in certain regions

LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions. Overall, traders should carefully consider their risk tolerance and trading strategy when using leverage.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Various payment methods available	No mention of e-wallet options
Minimum deposit is only $10	Limited information on withdrawal processing times
No additional fees for deposits or withdrawals	No option for local bank transfer in some countries

LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.

Educational resources in LiteForex

Advantages	Disadvantages
A wide range of educational resources such as e-books, tutorials, strategies, and traders‘ calculators are available to traders.	The educational resources may not be suitable for all levels of traders.
Economic calendar, analytics, currencies rates and economic news are provided to help traders make informed decisions.	The educational resources may not be regularly updated, which can lead to outdated information.
The educational resources are easily accessible and user-friendly.	The educational resources may not cover all trading aspects.
The educational resources are available in multiple languages.	The quality of some educational resources may not be of high standards.

LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders’ calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions. However, the quality of some educational resources may not be of high standards, and they may not be suitable for all levels of traders. Additionally, the educational resources may not be regularly updated, which can lead to outdated information. Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages.

Customer service of LiteForex

Advantages	Disadvantages
Multiple language support	Limited working hours
Multiple contact options (email and phone)	No live chat available
Physical address provided	No 24/7 customer support
Quick response time during working hours

LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.

Conclusion

In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.

Frequently asked questions about LiteForex

• Is LiteForex a regulated forex broker？

• Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).

• What trading platforms does LiteForex offer？

• LiteForex offers two popular trading platforms, MT4 and MT5, that are widely used by traders worldwide.

• What financial instruments can I trade on LiteForex？

• LiteForex provides access to a wide range of trading instruments, including currency pairs, indices, metals, and energy.

• Does LiteForex offer a demo account？

• Yes, LiteForex offers a demo account that allows you to try out the financial markets without the risk of losing money.

• What are the minimum deposit and withdrawal amounts on LiteForex？

• The minimum deposit and withdrawal amounts on LiteForex are both 10 USD.

• What are the customer service working hours of LiteForex？

• The customer service of LiteForex is available from 9 a.m. to 9 p.m. (GMT +2) on Monday to Friday.

• What are the possible payment methods for deposit and withdrawal on LiteForex？

• LiteForex supports various payment methods, including electronic transfers, bank cards, and bank wire transfers. There are no extra fees for deposits and withdrawals.