Plum is an financial app that empowers users to save and trade. The investing platform is available in 10 European countries with offices in the UK, Greece and Cyprus. Over 1.5 million clients and have invested more than £1 billion with the firm.
Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
82% of retail CFD accounts lose money.
Pros
Commission-free trading on 3000+ stocks with manual or automatic investments
Pre-built funds based on a market sector or ESG initiatives with portfolio auto-rebalancing
Savings account available with expenditure analysis and free withdrawals
Interest rates on uninvested cash are competitive up to 4.21% AER
Low minimum investment of £1 plus fractional shares
Regulated by the FCA
Bill provider analysis
Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders
Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended hours trading on 7 stock CFDs
You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
Monthly subscription fees apply to access the full suite of services and best trading conditions
Limited price analysis features such technical indicators and custom charting for experienced traders
Limited payment methods with bank transfer only
Narrow product portfolio compared to alternatives
The app is only available in European regions
No demo account available
Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced traders looking for familiarity
Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
The absence of social trading means users can’t follow and replicate the trades of experienced traders
Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
Algo trading and scalping are not supported, which may deter some traders
Awards
Best Overall Broker 2021 - DayTrading.com
Best Overall Broker 2020 - DayTrading.com
Best Overall Broker 2019 - DayTrading.com
FCA Regulated
Yes
Yes
Instruments
Stocks, ETFs
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
iOS App Rating
4.1
Android App Rating
4.3
Margin Trading
No
Yes
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
No
ECN Account
No
No
DMA Account
No
No
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
Yes
No
Negative Balance Protection
No
Yes
Market Maker
No
Yes
P2P Trading
No
No
Spot Trading
No
No
Auto Trading
No
Copy Trading
No
No
Social Trading
No
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
Yes
Inactivity Fee
$10
Islamic Account
No
Yes
Account Currencies
EUR
GBP
USD
EUR
GBP
AUD
ZAR
CZK
Commodities
Copper
Cotton
Coffee
Livestock
Sugar
Gasoline
Cocoa
Platinum
Soybeans
Oil
Gold
Silver
Corn
Aluminium
Palladium
Wheat
Cattle
Lean Hogs
CFD
Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:30
FTSE Spread
Dynamic
GBPUSD Spread<
Dynamic
Oil Spread
Dynamic
Stocks Spread
Dynamic
Forex
Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.