Plus500 Cryptocurrency Review 2024: Fees, Platforms, App, Safety & More

In-depth review of Plus500 safety features, regulations, and reputation. Also learn how to open an account at Plus 500, its safety features, and available crypto coins. Check the fees and other charges applied by Plus500 to Bitcoin and other cryptocurrency traders as well as deposits and withdrawals.

Author: Edith Reads   -   Last updated: 09/04/2024
Plus500 Logo

Plus500 Overview

This Plus500 review covers everything you need to know to get started with Plus500 – supported crypto coins, fees, how to open an account, buying bitcoin at Plus 500, customer support at the platform, and more.

Plus500 Home Screen

Plus500 is a leading broker offering online trade services in Forex, CFDs, and Cryptocurrencies for the last twelve years. Founded in 2008, The Company is headquartered in London. With a portfolio of more than 1000 financial instruments on its trading platforms, and more than one million clients, Plus500 became the source of inspiration for its competitors. The broker offers multiple tradable assets across different asset classes, including forex, indices, cryptocurrencies, shares, options, and ETFs. The main focus of the company is to provide an innovative trading model with a user-friendly environment to make the trading experience more enjoyable. In this piece, we present a complete review of the broker.



Plus500 Main Features

🪙 Number of Coins5+
🔧 Margin TradingYes
🔧 CFD TradingYes
💰 Minimum Deposit$100
💰 Zero Deposit FeesNo
💰 Zero Withdrawal FeesNo

Plus500 Pros & Cons

Like every other broker, Plus500 also has some pros and cons which are listed below;

Advantages of Plus500

  • Plus500 offers an easy-to-use trading interface
  • It offers an advanced mobile trading app
  • It has low trading fees
  • It is listed on the London Stock Exchange (LSE).
  • It offers excellent customer support

Disadvantages of Plus500

  • It offers limited crypto assets
  • It has sub-standard research tools
  • It educational sections have fewer resources available
  • It does not have a price alert feature for web trader.


Easy Trading Platform – The customer-built simple and easy-to-use trading platform enables its clients to trade seamlessly.

Advanced Mobile Trading App – Plus500 offers an industry-standard mobile trading app to facilitate traders while travelling around. The mobile platform offered by Plus500 is compatible with all versions of android and IOS. Clients can access a full range of available tradable instruments and multiple trading tools right from the comfort of their mobile.

 Low Fee Structure – Setting aside other factors, the Plus500 trading fee structure is quite impressive. It charges lower trading fees making it one of the preferred choices for crypto traders.

 LSE Listing – Unlike most brokers dealing in crypto trading, Plus500 is listed on the London Stock Exchange (LSE).

Customer Support – Plus500 does not only offer round-the-clock customer support but its customer service standard is exceptionally well maintained. Clients can expect to receive answers to their queries on a run-time basis.


Limited Portfolio of Crypto Assets –   It has limited products, especially with regard to cryptocurrencies. At present, clients can only access six cryptocurrencies in addition to the crypto 10 index, including Bitcoin, Ethereum, Litecoin, Stellar, Cardano, and Bitcoin Cash.

Fewer Research Tools – Unlike its competitors, Plus500 has limited research tools available which might cause inconvenience to pro traders.

Less Educational Resources – At present, Plus500 falls well behind its competitors in offering much to learn under its education section. The educational library lacks modern resources to help clients learn and add value to their trading exposure.

No Price Alerts on Web Trading Platform – The broker does not offer price alerts on its web trading platform which might worry high-volume traders.

Plus500 Regulations, Offices & Supported Countries:


Pluss500 is fully regulated and authorized by the Financial Conduct Authority (FCA) of the United Kingdom. It also holds regulation from multiple regulatory bodies including CySEC in Cyprus, ASIC in Australia, FMA in New Zealand, FCA in South Africa, MAS in Singapore, and the ISA in Israel.


Plus500UK Ltd is a UK-based company having its main offices located in the city of London at the following address. The company is rapidly growing and plans to have regional offices in Europe and Asia.

The UK Financial Ombudsman,
South Quay Plaza183,
Marsh Wall,
London E14 9SR.

Plus500 Supported Countries

Plus500 supports more than 50 countries across the globe, including but not limited to UK, Australia, New Zealand, Singapore, Israel, South Africa, and some European Countries. The website of the broker is accessible in nearly 30 languages of the world.

Plus500 Available Coins

In addition to a wide range of financial instruments, Plus500 offers generous leverage for trading cryptocurrencies. Plus500 supports six cryptocurrencies and allows investors to diversify their stake in the crypto10 index. Clients can get started with as low as $100 to avail the leverage of 1:5 which means you can trade up to $5 worth of digital currency for every $1 invested. Listed below are supported coins at Plus500.

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Litecoin (LTC)
  4. Stellar (XLM)
  5. Cardano (ADA)
  6. Bitcoin Cash (BCH)
Asset NameAsset CodeSpread Charging PERCLeverage
Crypto 10 IndexCrypto 100.60%1:5
Bitcoin Cash ABCBAB1.93%1:2

Let’s understand the leverage using a simple example.

Say, you wish to invest $1000 in BTC. The available leverage for BTC at Plus500 is 1:2. That means you can open a position worth $2000 with your initial investment. Alternatively, you can open a position worth $1000 by investing $500 only.

Suppose the BTC/USD is being traded at $48105. You think that the BTC price will rise in the coming days. Therefore, you decide to stake $1000 for each unit change in the price of BTC and open a position at $48105. Now, if the price moves upward and changes by 10 points. Then the new price will be 48115. Since you had a stake of $1000 for each unit move, you may calculate your profit i-e (48115-48105) x 10 = $10,000.

Example for Crypto CFDs trading: Sell Ethereum/USD

Let us make you quickly understand how spread charging on crypto CFDs work.

Suppose you wish to trade a short position on Ethereum (ETH) by pairing it with U.S. Dollar (USD). Your underlying tradable asset will be (ETH/USD). For example; the market price of the underlying asset is quoted as Buy/SELL @ 430/450. 

Say you anticipate the price of Ethereum might decrease against the U.S. Dollar in the coming days. Therefore, you plan to sell 05 units of ETH to open position at 430. Suppose the lot size you have selected represents $5 worth for 1 unit change in the price of ETH. That means with every changing unit of Ethereum you will gain or lose $5. 

If the value of Ethereum slid down against the US dollar, and the new price quote is 400 / 420. You wish to take your profit and purchase 05 units to close your position at 420. 

Since the price of Ethereum has changed by 30 points in your favor. Therefore your profit is calculated as follows

​Units 30 X $5 = $150.

Similarly, if the price of the Ethereum moves against you by the same number of units, you will lose the same amount.

Plus500 Trading Fees

Plus500 offers both floating and fixed spreads followed by some additional fees depending upon the trading activity. An overnight fee (swap fee) is either deducted from or added into your account for holding up long positions specifically when the date changes. Plus500 also charges a currency conversion fee, this applies to the trades of all such financial instruments which are denominated in a currency other than your account’s default currency. At Plus500, Guaranteed stops are also offered for a fee. If the client remains inactive for three months continuously, an inactivity fee of $10 is charged per month.

Trading Bitcoin at Plus500 involves two types of costs;

1) Spread Cost

2) Finance Cost 

Spread Cost: It is simply the difference between the ask and bid price of an underlying asset. The amount of spread charge changes with the market conditions. However, the percentage ratio stays the same. Plus500 charges around 0.30% spread on trading Bitcoin CFDs.

Finance Cost: Since trading Crypto CFDs involves leverage, therefore, Plus500 charges interest on the amount offered as leverage. This is known as a swap or overnight fee.

For example: If the market price of buying BTC/USD is $48,899 then the BTC spread charged by Plus500 makes it $49046 at 0.30%. Therefore, if you wish to open a position for $1000 worth of BTC, you can open a position of $997 with 0.30% ($3) amount being charged as a spread.

To help you understand better how spread charging along with any overnight fee works at plus500, given below is a table for Bitcoin (BTC) as an example.

Spread Charging
Spread Charging0.30%
Overnight fees for holding long position-0.0507%
Overnight fees for holding short position.-0.028%
Minimum traded quantity0.01
Deposit Margin Required50% (1:2)
CoinBitcoin (BTC)

Unlike other crypto CFD brokers, Plus500 offers the most affordable rates when it comes to its fee structure for different trading transactions. Surprisingly, it even charges no fee at all on some of its trading activities. Let’s quickly review a few of them.

  1. No fee is charged for live CFDs quotes.
  2. No fee is charged for deposits.
  3. No fee is charged for real-time Forex quotations.
  4. Dynamic charts and graphs are offered for free.
  5. No fee is charged for opening and closing of positions.
  6. Rolling of positions is also free at Plus500

Trading Platforms, Account Opening, and How to Buy Crypto

Plus500 Desktop Trading Platform

Plus500 offers a multi-asset desktop trading platform compatible with all kinds of operating systems. It intends to serve customers who like to use the platform from the comfort of their desktop PCs. Clients only need to get it downloaded to their systems before they can start using it. Clients can also use the trading platform online. The in-house custom-built trading platform is made accessible 24 hours a day. Clients just need to use the “sign-in” interface to access the innovative trading platform from any part of the world.

As soon as you arrive on your dashboard, you can see various buttons are available on the side navigation panel.

Trade: Starting from the trade tab, you can access all tradable financial instruments under this tab.

Open Positions: This tab enables you to see your open positions for all of your assets along with available balances.

Order: The order tab enables clients to preselect the price for opening up a position. As soon as the target price is reached, the system automatically opens up a position.

Closed Positions: Traders can see a detailed overview of their trading history under this tab.

How to open an account and trade cryptos with Plus500 on a desktop?

Compared to other brokers who offer clients to trade cryptocurrencies, Plus500 offers leverage and the possibility to open short positions in multiple crypto assets, thus enabling clients to make profits from market declines. Buying cryptos CFDs with plus500 on a desktop is simple. You just need to follow the listed steps to get started.

Step 1: Go to the broker website and click start trading now.

Open an account and trade cryptos with Plus500

Step 2: Choose the Real Money option on the next page. For the demo account, you can select the demo mode option.

Open an account and trade cryptos with Plus500

Step 3: Enter your details on the registration form i-e email ID, password, etc., and click create an account button.

Open an account and trade cryptos with Plus500

Step 4: Complete the registration process by submitting verification documents to the broker. You can use your national ID card, passport, or driving license for the same. Please note that account verification is a must to continue trading cryptos with Plus500.

Open an account and trade cryptos with Plus500

Step 5: After approval of your account, select the payment option you wish to use to fund your account. Plus500 offers you multiple payment methods, such as debit cards, credit cards, bank transfers, Paypal, Skrill, Neteller, etc.

Open an account and trade cryptos with Plus500

Step 6: Click the trade button to access the complete list of available crypto assets that you can trade at Plus500.

Open an account and trade cryptos with Plus500

Step 7: Select your favorite crypto assets, fill in your trading preferences and click buy or sell button to execute trades.

Open an account and trade cryptos with Plus500

Plus500 Mobile Trading Platform

Most of the time, clients do not find enough time to sit in front of PCs to use the aforementioned types of platforms. Considering this limitation, Plus500 offers a user-friendly trading app that is compatible with both iOS and Android-based mobile and tablet devices. On-the-go clients of Plus500 enjoy the hassle-free trading platform with just a few clicks.

Plus500 Mobile trading app comes with some top-notch features enabling traders to open positions with full confidence. Embedding control of the trading platform to the power of your palm, Plus500 offers multiple trading and risk management tools, such as stop limit, trailing stop, and stop-loss along with negative balance protection. Clients can also rest assured of guaranteed stops. The broker also facilitates clients via free push notifications sent on traders’ registered email id and mobile phone numbers. Price alerts, percentage change, and Trader’s sentiment are yet some other useful features that come along with the Plus500 mobile trading app.

How to open an account and trade cryptos with Plus500 on a mobile?

Opening an account and start trading cryptos with Plus500 on mobile trading app is quite simple. Clients only need to follow the given below steps.

Step 01: Open the mobile app and click the new user button available on the bottom left corner of your mobile phone screen.

open an account and trade cryptos with Plus500 on a mobile

Step 02: Enter your detail on the signup page, such as your email if and password. Click continue to proceed to the next step.

Step 03: Complete the KYC process, verify your details and upload supporting documents.

Step 04: Once your account hand been verified. Fund your account. You can use multiple deposit options available with Plus500 including but not limited to credit/debit cards, fast transfers, web money, electronic wallets (PayPal, Skrill, Neteller), etc.

open an account and trade cryptos with Plus500 on a mobile

Step 05: Select your favorite crypto after searching it under the crypto assets tab. Fill in your trading preferences and start selling or buying crypto CFDs.

Plus500 Payment Methods – Deposit and Withdrawals

Plus500 accepts only fiat currency for deposit and withdrawals. Therefore, it allows multiple methods for deposits and withdrawals including credit card, debit card, Skrill, Neteller, Webmoney, Paypal, etc. It is to be noted that the source from where funds are being transferred for purchase must be on the user’s name. Anonymous funds transfer activities are not allowed due to compliance with anti-money laundering regulations. There is a limit set for each type of payment mode, however, bank transfers are allowed to call up the bigger transactional volume.

Education at Plus500

Unlike other platforms where you can buy cryptocurrency, Plus500 doesn’t seem to pay much heed to offer educational content to its clients. Traders can access only a limited range of video tutorials on the plus500 website under the Traders’ Guide tab. The broker could have added some other features such as glossary section, articles on technical and fundamental analysis, etc. Also, there is no option to sign up for a webinar. The broker does not offer one-to-one trading sessions with the industry’s expert traders as well.

Plus500 Customer Support

Plus500 offers multilingual customer support around the clock. Clients may contact the company through its designated communication channels which include telephonic support, email, and web chat service.

Plus500 Online Reviews

What do people say about Plus500 on Quora?

Just like Reddit, people on Quora also seemed to have been burnt by Plus500. A user on Quora warned customers to stay away from the broker. Surprisingly, he also raised his concern about sudden account closure activity done by the broker. According to him, Plus500 is a scam broker, it doesn’t allow you to close your positions at your preferred rates. Because the button to close down the position gets suspiciously dysfunctioning. He also said that the broker doesn’t process your withdrawals in time.

Plus500 on Quora

Plus500 on Quora

What do people say about Plus500 on Reddit?

People hold a different opinion on signing up with plus500 on Reddit.  Some people cast their votes in favor of opening an account with the broker. While a majority of users warned other traders to refrain from signing up with it. Attached below is a screenshot of a user who shared his bad experience with Plsu500.

Plus500 on Reddit

According to him, trading cryptocurrency CFDs with plus500 is nothing but trash. He coupled his arguments with an explanation of how the broker manipulates price in times of high volatility. Another user claimed that Plus500 has been a source of dire inconvenience. He said that the broker purposefully closed his account without any clear reason. Resultantly he had to lose access to his 700 EUR deposited in his trading account.

Plus500 on Reddit

Is Plus500 Safe?

Yes, it is. Plus500 is fully authorized and regulated by one of the world’s most trusted regulatory body Financial Conduct Authority – FCA. It’s been more than a decade that the company is offering world-class trading services to its clients all around the globe. Low deposit requirements and minimal withdrawal restrictions make it even more reliable. The company has a clientele base of over more than one million customers which itself is proof of its legitimacy. Given the fact that the broker has advanced security protocols in place and holds FCA regulation, Plus500 is definitively safe broker to sign up.  Please be informed that FCA has banned trading crypto CFDs in the UK.

Plus500 VS eToro

Because multiple factors contribute to your trading success, choosing the right broker to start crypto trading is essential. A good broker doesn’t only safe for your investment but tends to remain fair in all other aspects, such as charging a trading fee, avoiding any price manipulations, offering competitive spreads, and processing withdrawals in time. Given below is a quick comparison between Plus500 and eToro to help you understand which broker suits you more.


Plus500 also holds regulation from the FCA. It is considered to be the best trading platform for those who wish to trade CFDs. The broker has a wide selection of CFD products and offers a competitive pricing structure. Besides holding regulation in the UK, the broker is also authorized in various jurisdictions of the world, including Australia, and Cyprus. However, it does not have a social trading platform. Other commendable features of the broker include multiple payment options, easy to use trading interface, round-the-clock customer support, and accessibility of the company’s website in thirty different languages of the world.


The eToro social trading platform is a CySEC-regulated broker offering trading services in multiple financial instruments for over 15 years. The broker also has a social trading platform where traders can copy traders of other expert traders and the eToro digital wallet. The broker suits well for crypto traders since it offers a wide range of crypto CFDs as compared to its competitors. Also, eToro holds a reward and bounty program for traders exhibiting high volume trading. The fee structure at eToro appears competitive as compared to its rivals. eToro offers a dedicated FAQ section to help clients find answers to their queries instantly. The broker also offers efficient customer services through web chat, email, and phone.

Even though both brokers stand strong in terms of services offered, we still find eToro to be a better option. The broker doesn’t not only hold value for money but offers customized trading opportunities specifically for newbies.

Number of Coins: 20+
Margin Trading: YES
Minimum Deposit: $200

Invest In Cryptocurrency With $0 Commission

  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
BankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaYandex

Plus500 Products & Services

Plus500 offers above 2000 financial instruments for different asset classes, including Shares, Indices, Commodities, Forex, Cryptocurrencies, and ETF, etc. The broker offers leverage of up to 1:300 on different tradeable instruments. Traders can trade multiple stocks and equities on different exchanges such as London, New York, Hong Kong. The broker has capped crypto leverage as 1:2.

Economic Calendar

To help traders stay abreast of the market, the broker offers an economic calendar. Clients can use an economic calendar to keep a track of major upcoming economic news.

Risk Management Tools

Risk management tools help traders to cater to the volatility of the forex market and diversify the potential risk. These risk management tools offered at Plus500 include stop loss, trailing stops, and guaranteed stops.

News and Market Insights

Traders can read the latest news related to forex and crypto trading under this section. The broker keeps posting relevant information regularly to help clients stay well informed.


This feature enables clients to subscribe to the price alert and push notifications. These notifications comprise price alerts, trader’s sentiment, and daily or hourly percentage alerts in the prices of different tradable assets.

Crypto 10 Index

The crypto 10 index is a formation of a group of world’s largest cryptocurrencies categorized in the crypto 10 index as per their market capitalization. It is considered as the benchmark for the cryptocurrency market when it comes to the performance of top blockchain-based projects.

The index was first introduced by a Fintech company based in Germany – BITA. The crypto 10 index is calculated daily between 00:00 and 23:59 Hrs. Its base currency is US Dollar (USD). The Crypto 10 index was initially launched with a base value of 5000 points having no exception. Since the performance of all cryptocurrency market is mirrored by its value, therefore, it has become the benchmark for performance evaluation of any cryptocurrency project.


After a detailed review of Plus500, we hereby conclude that the company is a genuine reflection of legitimacy and fairness. With its low-cost deposits, generous leverages, tight spreads, fast withdrawals, excellent customer support, and round the clock availability makes it undoubtedly one of the best CFD and cryptocurrency brokers. Not to mention, trading crypto CFDs in the UK is not a permissible trading activity anymore. FCA has recently banned any such trades across the UK. However, conditions for clients residing in countries other than UK remains unaffected.

Frequently Asked Questions (FAQs)

Plus500 is a CFD provider that offers its services to customers all over the world. The company makes money by charging customers a small fee for every transaction that they make. Plus500 also makes money from the spread, which is the difference between the bid and ask price of a security.

Yes, Plus500 is a great option for Australians looking to trade. The platform is user-friendly and offers a variety of assets to trade, making it an ideal choice for those just starting out in the world of trading. Plus500 also offers a wide range of bonuses and promotion codes, making it an attractive choice for those looking to maximize their profits.

The Plus500 platform is definitely good for beginners. It is easy to use and has a user-friendly interface. You can quickly get started trading on the platform without having to go through a lot of different options or make complicated decisions.

Plus500 is a well-established, international CFD trading company that has been in business since 2008. Plus500 is based in Israel and regulated by the UK’s Financial Conduct Authority (FCA), meaning that it must adhere to strict financial regulations. 

Yes, Plus500 is a trusted and regulated broker. In terms of regulation, Plus500 is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.

Yes, you can! Plus500 is a broker that offers CFD trading, and one of the great things about CFD trading is that you can withdraw your money at any time.

Plus500 minimum deposit is $100

It takes 1-3 business days to withdraw money from Plus500.

Yes, you can buy Bitcoin on Plus500. However, there are a few things you should know before you do. firstly, Plus500 is a CFD provider. This means that when you buy Bitcoin on Plus500, you don’t buy the actual coins.

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