Plus500 at a glance
To learn how our star ratings are calculated, read our methodology.
Plus500 is best for beginners
With a user-friendly interface and competitive fees, Plus500 caters to cost-conscience traders getting started in futures.
What we like about Plus500
Plus500 shines with its low trading fees, user-friendly trading platform and variety of futures contracts.
Low trading fees
Plus500 stands out for its competitive fee structure. It charges no inactivity fees, platform fees, live data fees or outgoing wire transfer fees. Day trading margins are notably low, with micro futures contracts starting at $0.49 per side and standard and e-mini futures for $0.89 per side, making it cost-effective for beginners and active traders.
User-friendly platform
Plus500’s uncomplicated dashboard is designed for accessibility, making it a solid option for beginners getting started with futures trading. Plus500 is available via web and mobile apps, as well as a dedicated Windows desktop app.
Practice trading with a futures trading demo account
The free demo account, with no time restrictions and automatic reloads, is a significant advantage for beginners. Test strategies and familiarize yourself with futures trading without financial risk, a feature particularly valuable for beginners.
Where Plus500 falls short
Plus500’s exclusive focus on futures, lack of research and analysis tools and limited withdrawal options make it less versatile than some competitors.
Some traders and investors might find Plus500 to be limiting since it exclusively offers futures trading. Compare it to competitors like Interactive Brokers, Robinhood or Webull, which provide a variety of investment options.
Meanwhile, Plus500’s lack of advanced trading tools, news feeds and in-depth market research may disappoint active traders who rely on sophisticated analytics or real-time updates. Compare it to NinjaTrader’s depth of market tools, advanced trade management tools and order flow analysis.
Plus500’s fees
| Minimum deposit | $100 |
| Platform fee | $0 |
| Data fee | $0 |
| Inactivity fee | $0 |
| Platform fee | $0 |
| Outgoing wire transfer fee | $0 |
| Liquidation fee per contract | $10 |
Is Plus500 legit?
Yes, Plus500 is a legitimate futures trading platform and futures broker. Founded in Israel in 2008, with its main headquarters in the United Kingdom, Plus500 expanded into the US market in 2021 as Plus500 US. Known for its sponsorship of the Chicago Bulls, Plus500 serves over 26 million users globally.
Plus500 is a registered broker-dealer with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
Customer experience
| BBB rating | N/A |
|---|---|
| Trustpilot score | 4.1 out of 5 stars, based on 14,742 customer reviews |
| Apple App Store Score | 4.4 out of 5 stars, based on 2,330 customer reviews |
| Google Play Score | 4.4 out of 5 stars, based on 113,000 customer reviews |
| Customer reviews verified as of | 13 March 2025 |
What do people on Reddit say?
Most Reddit discussions focus on the broader Plus500 platform, which operates differently outside the US, so there isn’t much specific feedback regarding Plus500 US. However, reviews of Plus500 overall appear to be mixed, maybe even leaning toward negativity. Withdrawal issues and complaints of high spreads pop up repeatedly. On the other hand, satisfied users seem to appreciate Plus500’s user-friendly interface and free demo account.
Compare brokerage platforms for futures contracts
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How we rate trading platforms
★★★★★ 5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms
