Overview
Plus500 was founded in 2008 in Israel and is one of the most widely recognised CFD brokers globally, publicly listed on the London Stock Exchange and serving over 26 million registered customers across 50+ countries. Regulated by FCA, CySEC, ASIC, MAS, and FMA, Plus500 is known for its simple, proprietary WebTrader platform that makes CFD trading accessible to retail investors with a no-commission model where all costs are embedded in the spread.
Pros
- Simple and intuitive platform: One of the cleanest, most accessible trading platforms for beginners
- Widely regulated: FCA, CySEC, ASIC, MAS, FMA — strong multi-jurisdictional regulation
- Publicly listed company: LSE-listed provides additional transparency and accountability
- No commission model: All costs in the spread — no separate commission fees to calculate
- Broad instrument range: 2,800+ CFDs across stocks, indices, forex, commodities, and crypto
Cons
- Spreads are wider: No commission means wider spreads — EUR/USD around 0.8 pips but some instruments wider
- No MetaTrader: Only proprietary WebTrader — no MT4, MT5, cTrader, or TradingView
- No copy trading: No social or copy trading features
- No education: Minimal educational content — not suitable for learning traders
- Stop guaranteed orders cost extra: The premium feature for guaranteed stop losses adds to costs
Spreads & Fees
| Instrument | Typical Spread | Commission | Notes |
|---|---|---|---|
| EUR/USD | 0.8 pips | None | All-in |
| GBP/USD | 1.0 pips | None | All-in |
| Gold | $0.30 | None | All-in |
| Bitcoin | ~0.5% | None | All-in |
Overnight Fees: Daily overnight funding fees apply for CFD positions held past close. Withdrawal Fees: Free for most standard methods. Inactivity Fee: $10/month after 3 months of inactivity.