Review of PLUS 500 Broker

Plus500 only offers a standard account to its customers.  Also available is a demo account with no time limit so the customers can practice and improve their trading skills. Below is a list of details and features for the standard account.

All client money is held in segregated client bank accounts in accordance with the Financial Conduct Authority’s client money rules. An overnight Plus500 fee (or credit) is either added to or subtracted from a trader’s account when a position remains open overnight. Plus 500 charges a $10 inactivity fee if there is no activity on the platform for a period of three months. This Plus500 fee only applies to real money accounts and only if the trader has sufficient funds in the account. Traders simply need to log in to their accounts periodically to avoid these fees. Islamic accounts are available.

Funding a Plus500 account can be accomplished via bank transfer, e-wallets, or credit card including MasterCard, Visa, PayPal, and Skrill. Bank transfer transactions may take up to 3 business days.

Opening an account with a Plus500 is usually completed within 3-business days. Documents required are a valid ID (i.e. passport, driver’s license, or national ID), and proof of address (i.e. bank statement, utility bill, or tax invoice dated within the last three months and issued to your name and address).

Does not accept clients from the following countries: USA, Canada, Belgium, China, Philippines