• December 28, 2022
• BrokerIdeas
• News & Blog

The Plus500 Review 2023: Costs, fees and other concerns

Plus500 is a CFD broker that offers spread betting and forex. They claim to offer leveraged trading and CFDs on indices, shares, commodities, ETFs and crypto currencies. In this Plus500 review we will take an in-depth look at the platform including its key benefits and drawbacks as well as the risks involved.

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What is Plus500?

Plus500 is a CFD broker based in Israel, with offices around the globe. The company operates under a CySEC license and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, giving it access to both European and American traders.

Plus500 offers its trading platform through its website as well as mobile apps for Android and iOS devices. The app has been downloaded more than five million times from Google Play alone, which is impressive considering how many other CFD brokers are out there competing for your attention.

The company also offers its services through a call center where you can speak with a representative about your account or open trades over the phone if you prefer that method over using their website or mobile app.

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What is the Plus500 minimum deposit?

The Plus500 minimum deposit is $250. For most traders, this is a reasonable amount to start with. However, if you want to trade more and have a larger account balance, then you can use the Plus500 app on your phone or tablet to place trades on the go.

You can also open an account with Plus500 if you already have an account with another broker. This can be a smart way to get started trading because it will save you time and money on commissions and fees.

 

How much does Plus500 cost?

The cost of using Plus500 depends on what type of account you open and how much money you deposit into that account. If you open an account with no minimum deposit, then your only costs will be the commission fees associated with each trade that you make. These commissions are determined by the type of asset being traded, and can range from $0 to $2 per contract. The average commission fee is around $0.10 per contract exchange rate.

If you’re looking for a long-term investment strategy that involves opening an account with a minimum deposit requirement, then expect to pay between $150 – $300 per month depending on the size of your account balance. This cost covers all commissions incurred during this time period so there’s no additional fee tacked on top of that amount.”

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How to open an account on Plus500

If you’re interested in opening an account with Plus500, the first thing you will need to do is create an account. To do this, visit their website at plus500.com and click on the ‘Open Account’ button at the top of the screen. This will take you through a number of steps required to open your account.

Once you have created your account and verified your identity, you can start trading by depositing funds into your trading account via bank transfer or credit/debit card payment (there’s no charge for card payments). Once funds are deposited into your account, they are available for trading immediately.

 

Does Plus500 offer a demo account?

Plus500 offers a demo account to allow you to test the trading platform, but it is not free.

You can get access to the Plus500 demo by opening an account and clicking on the “Demo” button on your dashboard.

However, this is not a free service and there are some conditions that you must meet in order to use it. For example, Plus500 requires that you have deposited at least $250 into your account before you can use the demo.

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Is there a Plus500 app?

Yes, there is a Plus500 app. It’s available on the Apple App Store and Google Play Store.

You can also access your account via the web, which is also where you’ll find a demo account and all of the other features of the platform, including charting and technical analysis tools, news updates and more.

 

Which countries are supported by Plus500?

Plus500 offers its services to residents of more than 100 countries worldwide. A complete list of all the countries where users are permitted to trade can be found on their website.

The main countries that are not supported by Plus500 include: Albania, Algeria, Angola, Argentina, Armenia, Azerbaijan and Belarus.

 

Is Plus500 safe and regulated?

Plus500 is a regulated forex and CFD broker that offers binary options, spot currency trading and spread betting. The company has customers in over 180 countries around the world and is based in Israel.

Plus500 offers a wide range of investment instruments including stocks, indices, commodities and currencies. The platform is easy to use, with the ability to trade on mobile devices. It also has a large selection of educational resources for new traders.

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What assets can I trade with Plus500?

Plus500 offers trading in CFDs on more than 80 assets, including stocks, commodities, currencies and indices.

The CFDs offered by Plus500 are traded on multiple international exchanges, including London Stock Exchange (LSE), Nasdaq Dubai and the Australian Securities Exchange (ASX).

CFDs are derivatives that allow you to take positions on the price movements of a security or asset without actually owning it.

 

Who should use Plus500?

If you’re looking for a simple way to trade CFDs, Plus500 may be the right choice. However, it’s important to note that there are some costs associated with trading on this platform.

Plus500 offers a wide variety of assets and asset classes to trade with, including indices, commodities, currency pairs and stocks. With so many options available, it can be difficult to determine which ones are best suited for your financial goals.

You should consider using Plus500 if you want:

A simple experience: Trading CFDs with Plus500 is easy and straightforward. The platform provides you with all the information you need in order to make an informed decision about which asset class or security to invest in. You don’t have to worry about learning how to navigate complex systems or understand complex trading strategies because Plus500 does all the work for you!

Low fees: Plus500 offers competitive pricing as compared with other online brokers such as TD Ameritrade or E*Trade. This means that if cost savings are important to you then this platform might be right for your needs.”

 

Trading with Plus500 is safe, easy, and fast.

If we were to give our recommendation for a simple and cost-effective trading platform, I think we’d have to say that Plus500 is the way to go. It’s not the only option available in the world of online trading, but it certainly has its advantages. It’s safe, its fees are reasonable, and it offers a full range of user tools and services.

➔ Click Here for Detailed Review

Take a look at our in-depth analysis of this broker.

 

 

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