OVERALL SCORE
3.7
☆☆☆☆☆ 3.7/5
Main Features
- Listed on the London Stock Exchange
- Regulated in Europe and Australia
- Offers cryptocurrency CFDs
- Advanced charting tools
Founded 2008, Plus500 is a publicly-traded and multi-regulated CFD broker with a large selection of currencies, commodities, indices, stocks, ETFs, and Options alongside a smaller selection of cryptocurrencies, for which they offer around-the-clock trading on.
Pros and Cons
PROs
- Holds both FCA and ASIC regulation
- Public company, so it discloses financials
- Wide selection of currencies, stocks, and more
- Offers 24/7 trading on cryptocurrency CFDs
- Has both iOS and Android apps
- Negative Balance Protection
- In operation for twelve years
CONs
- Limited choice of cryptocurrencies
- Educational resources are basic
Opening your account
Step 1
Click Start Trading Now and enter your email address and password
Step 2
Hover over and click on the Menu icon in the top left corner, then go to Deposit to begin the onboarding process, which will go through the following screens
- Enter your full name and birth date
- Choose your preferred regulated entity
- Choose your Country of Residence
- Enter your full residential address
- Appropriateness Assessment
- Professional Experience
- Investment Knowledge
- Economic Profile
- Financial Details
- Trading Profile
- Accept the User Agreement
Step 3
After completing your profile, you’re able to make deposit using a debit or credit card, PayPal, or bank transfer
Step 4
Once your deposit is in your available balance, click the Trade icon to browse the available markets and start trading
Cryptocurrencies
- BTC
- ETH
- LTC
- NEO
- XRP
- IOTA
- ADA
- EOS
- XLM
- XMR
- TRX
Fees
- Variable spreads
- Overnight funding fees
- Currency conversion fees
- Guaranteed Stop Order fee
