Plus500 Review

Plus500 Logo

Forex Broker

  • Company name: Plus500 AU Pty Ltd
  • Founded: 2008
  • Offices: Israel
  • Regulators: Authorised Financial Services Provider in South Africa, FSP #47546
  • Broker type: Market Maker

Trading info

  • Min. Deposit: R 1500
  • Leverage: 300:1
  • Min. Spread: 0.0 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard, Paypal, Skrill
  • Currency pairs: N/A

Trading platform

  • Platform: Plus500
  • Web based: Yes
  • Mobile: Yes

Open Account

7.6 TradeForexSA
Pros
  • Free demo account
  • An authorized Financial Services Provider in South Africa, Plus500AU Pty Ltd FSCA 47546
  • Free Risk Management Tools
  • Mobile & Tablet Friendly
Cons
  • Only one type of real money trading account.
Summary
Plus500 AU Pty Ltd (AFSL #417727) is based in Australia and operates an online trading platform that you can use to invest in over 2,000 global financial instruments.  Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546
Account Types7
Client Support & Onboarding7
Free Services8
Deposit & Withdrawal8.5

Plus500 welcomes traders from over 50 countries around the globe, and you can access their platform on your desktop, smartphone or tablet.  As with all trading that involves the investment of your money, you must understand that your capital is at risk when using Plus500.

  • CFD service – this includes Stocks, ETFs, Indices, Commodities, etc.

Account types

Demo Account

This gives you the practice you need before you put up any money.  The Plus500 platform is a different platform other brokers, so I would strongly advise you to have a good look around before you commit with a deposit.  It is one of those platforms that some traders will enjoy, but others will rather a more traditional layout.

Live Account

Besides the demo account, Plus500 only offers one other type of account and there is a minimum 1500 ZAR deposit amount.  Nothing really with this account – very cut and dry with standard technical charts and fundamentals available.

Deposits & Withdrawals

Plus500 charges no fee for the following services.  Note that your bank or credit card company may charge your fees for moving money between Plus500 and your bank, but no fees are charged for this service by Plus500.

Fees at Plus 500

Zero Fees Charged By Plus500

Unique selling points

  • More than 2000 CFD instruments to trade
  • Can be used on a desktop, WebTrader or iPhone & iPad, Android smartphones and Windows tablets

Compare Plus500

Plus500 Vs. XM

 Plus500XM
FundingBank wire, Visa/Mastercard, Paypal, SkrillBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedAuthorised Financial Services Provider in South Africa, FSP #47546EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypeMarket MakerMarket Maker
Currency PairsN/A55+
Minimum Spread0.0 pips0.0 pips
Minimum DepositR 1500$5
Max Leverage300:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Plus500Visit XM

Plus500 Vs. FXTM

 Plus500FXTM
FundingBank wire, Visa/Mastercard, Paypal, SkrillBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more
RegulatedAuthorised Financial Services Provider in South Africa, FSP #47546FSCA No.46614, FCA, CySEC, IFSC
Broker TypeMarket MakerECN/STP
Currency PairsN/A59
Minimum Spread0.0 pips0.1 pips
Minimum DepositR 1500$5
Max Leverage300:1Flexible
Expert ReviewRead reviewRead review
Visit WebsiteVisit Plus500Visit FXTM

The Breakdown

Plus500 is a CFD service provider that operates differently than a regular Forex broker. It is more for the seasoned traders as it does not have as much teaching material as some of the other broker sites on the web. That said, if you already know what you are doing, there is plenty to trade, and the platform is reliable.

*Your Capital Is At Risk

 

Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director at TradeForexSA, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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