Plus500 is a popular online trading platform that offers users multiple account types. With its wide range of features, the platform provides traders with the opportunity to tailor their trading experience according to their needs and preferences.
Plus500 offers two account types with fixed and dynamic spreads. It also has an innovative and unique online CFD trading platform. The application is easy to use and very comprehensive. In it you can find reports, place alerts, the economic calendar and the Trader’s Guide section with explanatory videos on the basics of CFD trading.
In this article, we will review the different Plus500 account types and discuss their features in detail. We will also provide an honest Plus500 review so that you can make an informed decision when choosing an account type.
Plus500 Retail Account
Trade anywhere, at any time using the different options that Plus500 offers.
- IPhone / iPad app
- Android app
- Operator for Windows
- WebTrader
Retail Account
Plus500- Plus 500 Trading
- More than 2000 types of CFDs, Indices, Currencies, Commodities, Crypto, Stocks, Options and ETFs
- Minimum deposit 100€
- Commission. Up to 0.18% in shares
- Fixed and Variable Spread
- 1:30 Leverage
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
Professional Plus500 Account
To apply for a professional account at Plus500, you must meet two out of three requirements:
Sufficient trading activity in the last 12 months.
You have made a minimum average of 10 transactions per quarter, of significant size, in the last four quarters in the relevant market with Plus500 and or other providers.
Financial instrument portfolio of more than € 500,000 including cash savings and financial instruments. You will not be asked to deposit that amount.
The size of its portfolio of financial instruments exceeds € 500,000.
Relevant experience in the financial services sector.
You work / have worked in the financial sector for at least one year in a professional position that requires knowledge of transactions and related services.
Traders who opt for a Professional Account could not have ICF rights and lose access to the Financial Ombudsman Service (FOS).
Profesional Account
Plus500- Plus 500 Trading
- More than 2000 types of CFDs, Indices, Currencies, Commodities, Crypto, Stocks, Options and ETFs
- Minimum deposit 100€
- Commission. Up to 0.18% in shares
- Fixed and Variable Spread
- Leverage up to 1:300
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
Plus500 broker fees and commissions
Plus500 offers its clients many of its services for free, with no surprises or hidden fees.
Plus500 receives 0€ fees for deposits, currency quotes, live stock CFD prices, price alerts, position renewal, dynamic charts and graphs.
Additional fees and commissions
The following fees and charges may apply.
Overnight fee
You can be charged a commission for maintaining an open position from a certain time, you can find more information on the platform, next to the name of the instrument.
Currency conversion fee
Plus500 may charge you a fee of up to 0.7% for currency conversion.
Share trading commission
Plus500 charges a variable commission that can go up to 0.18% on share CFD positions.
Guaranteed stop order
A unique order type that is used to help you manage risk by guaranteeing your stop loss level.
Plus500 broker inactivity rate
A fee of up to 10 USD per month will apply, in case you do not log into your trading account for a period of at least three months. This fee will be charged once a month thereafter, as long as the account is not logged in. However, please note that the commission is charged only from the real money account and only if there are funds available in it.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.