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Plus500 US Review 2024

Last updated Jun 4, 2024
Plus500 US is trusted. Tested via live trading.

Highlights of Plus500 US

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Plus500 US is an American futures broker regulated by the National Futures Association (NFA).

Plus500 stands out for its ease of use and intuitive platform. Key benefits include a fast registration process with a low minimum deposit requirement and competitive trading commissions.

However, the broker has limited training resources and only offers one type of trading account, which may not suit all traders.

Pros and Cons of Plus500 US


  1. Easy account opening.
  2. Competitive trading fees.
  3. User-friendly platform.
  4. 24/7 customer support.


  1. Lack of account diversity.
  2. Absence of analytical tools.
  3. Lack of interactive educational formats.
  4. No direct phone or email support.

Plus500 US Broker Overview

Foundation Year2007
Official Website
Regulated in CountriesUnited Kingdom, United StatesMore Details
Minimum Deposit
  • 100 USD
Spreadfrom 0 points
Max Leverage1:500
Trading Assets
  • Futures
  • Options
Trading Platforms
  • WebTrader
Email Support
Hotline Phones
Social Media

Established in 2008, brokerage firm Plus500 has established itself as a prominent player in the financial trading sector. In the United States, Plus500 stands out for its emphasis on futures contracts, which enable traders to speculate on the price movements of financial assets without actual ownership. While offering potential profits, it's crucial to recognize the significant risks involved, including the possibility of capital losses.

Plus500 U.S. Companies offers a comprehensive range of opportunities for traders, from futures trading to options on futures. Leveraging the combined expertise of CTS and Cunningham, which spans over 40 years, Plus500 provides advanced and innovative tools designed specifically for the U.S. market.

The services of Plus500 are not limited to individual trading. They offer world-class solutions for IBS and professionals, featuring a reliable and customizable T4 system. Traders can access every major Futures and options exchange globally, including CME, CBOT, EUREX, ICE, MGEX, COMEX, and NYMEX.

Plus500’s impact is global, with over 25 million customers worldwide, engaging in trades valued at over $800 billion across 2800 instruments. The firm has registered over 25 million customers, opened more than 300 million positions, and extended its services across more than 50 countries.

Plus500 US Review Summary

In evaluating Plus500, we adhered to strict and thoroughly developed criteria outlined in our broker evaluation methodology. Every aspect of the broker's operations, from the trading instruments and platforms offered to the quality of educational materials and the efficiency of customer support, was meticulously analyzed and rated by our team. We strongly recommend that you study our methodology to understand better how we form our evaluations. Continue reading to learn more about all the advantages and disadvantages of working with Plus500.

Reliability and Regulation

Legal EntityRegulatorReview
Plus500 review
Current review

Plus500 operates under strict regulatory oversight in multiple jurisdictions worldwide. In the United States, futures trading is offered through Cunningham Commodities, LLC, doing business as Plus500. Cunningham Commodities is a Futures Commission Merchant registered with the US Commodity Futures Trading Commission and a member of the National Futures Association (NFA ID number 0001398). As a wholly-owned subsidiary of Plus500US Inc., Cunningham Commodities adheres to rigorous financial standards and undergoes regular reporting and compliance checks to ensure the utmost integrity in trading practices. Notably, trading privileges are subject to review and approval, and not all applicants may qualify. This aligns with the firm's commitment to comply with Federal law, including verifying an applicant’s identity during the account application process.

Plus500UK Ltd, part of the Plus500 group, is authorized and regulated by the Financial Conduct Authority in the UK (FRN 509909). Each regulatory body imposes strict financial standards, mandating regular reporting and transparency from Plus500, thereby ensuring high protection for traders and stakeholders involved.

Account Opening


Plus500 opening an account is quite easy thanks to a fast registration process and a relatively low minimum deposit.


To create an account with Plus500, complete a form on the company's official website. Initially, you must enter your email address and create a password.

Создание аккаунта для торговли фьючерсами на Plus500
Создание аккаунта для торговли фьючерсами на Plus500


For account verification, you must enter your details, including your full name, residential address, phone number, and social security number. You will need to confirm these details with scans of your documents.

Minimum Deposit

To open an account with Plus500, a minimum deposit of 100 US dollars is required. This ensures you are ready to start trading and have sufficient funds for initial transactions.

Account Types


The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.

Account variability allows a broker to meet the needs of different categories of traders, including professionals, beginners, high-volume traders, and algo traders.

Trading Account

Plus500 offers only one type of trading account to its customers.

Account CurrencyUSD
Minimum Deposit100 $
Trading PlatformsWebTrader
Spreadfixed0 pips
Commission per Tradeper 1 lot0.89 $
Trading AssetsFuturesOptions
Opened Positions
Margin Call / Stop Out100% / 100%
Order ExecutionDMA
Demo Account
Islamic Account

Demo Account

The broker can work on an unlimited virtual account to practice new strategies and try unfamiliar instruments, test indicators, and advisors. This option is excellent for beginners who want to gain experience. Professional traders can also benefit from the demo version to refine new strategies.



Plus500 Futures offers highly competitive rates for Standard and E-Mini contracts, among the lowest in the market. However, micro contracts' commissions are somewhat higher than some competitors. Additionally, Plus500 Futures stands out for not charging fees such as withdrawal wire transfers, data fees, platform fees, deposit and withdrawal fees, inactivity fees, or routing fees. These advantages significantly improve the platform's affordability, making it appealing to a wide range of traders, from regular to high-volume users.

Trading Commissions

Plus500 Futures imposes a fee of $0.89 per side for Standard and E-Mini contracts and $0.49 per side for Micro contracts. While the commission for Standard & E-Mini contracts is notably low compared to other brokers, the Micro contract commission is slightly higher than some of its competitors.

Comparing Plus500 Futures' commissions with other popular futures brokers:

BrokerStandard Contract CommissionMicro Contract CommissionAdditional Notes
Plus500 Futures$0.89 per side$0.49 per sideNo additional fees for platform, data, etc.
Interactive Brokers$0.85 per contract$0.25 per contract
NinjaTrader$1.29 per side$0.35 per sideVariable rates based on payment plan
Tradovate$1.29 per side$0.35 per sideVariable rates based on payment plan
TradeStation$1.50 per contract, per side$0.50 per contract, per sideCommission plus contract fee

This table shows that Plus500 Futures offers one of the lowest commission rates for Standard and E-Mini contracts, while their Micro contract commissions are not the lowest but are still competitive.

Liquidation Fee per Contract

Plus500 Futures also charges a liquidation fee of $10 per contract. This fee is applied when a position is liquidated, such as when a stop order is triggered or if the account fails to maintain the required margin. It's an important consideration for traders, especially those who use high leverage or trade in volatile markets.

Deposit and Withdrawal


Plus500 offers many payment systems, making depositing and withdrawing funds convenient for most clients. The absence of fees for deposits and withdrawals is a significant advantage. However, the processing time for withdrawal requests can take up to three business days, which some clients may find somewhat lengthy.

Deposit Methods

The following methods are used for depositing funds:

Payment SystemCurrenciesDeposit FeeOperation Limit
from 100 USD
from 100 USD
Bank TransferBank Transfer
from 500 USD
from 100 USD
from 100 USD

Plus500 covers most of the fees for payment processing. In some cases, a fee may be charged by the payment system.

Withdrawal Methods

Similar methods are available for withdrawing earned funds.

Payment SystemCurrenciesWithdrawal FeeOperation Limit
from 50 USD
from 50 USD
Bank TransferBank Transfer
from 100 USD
from 100 USD
from 100 USD

Withdrawals must be made to the same payment system from which the initial deposit was made.

Withdrawal request processing times usually range from 1-3 business days. The timing of the payment receipt depends on the payment method and the processing time of the payment system executing the transfer.

Markets and Products


Plus500 Futures offers access to 51 futures products across 7 major exchanges, which, while covering essential and major futures markets, is relatively limited compared to its competitors.

What markets are available?

Plus500's Futures trading platform grants traders access to an extensive array of some of the most prominent Futures exchanges globally. This access ensures traders have a broad range of options for their investment strategies. The available exchanges include:

  1. EUREX: One of Europe's most extensive futures and options markets, known for various products, including European stocks and indices.

  2. CME (Chicago Mercantile Exchange): Renowned for various futures contracts, including major asset classes like commodities, currencies, and indexes.

  3. COMEX: Part of the CME Group, it specializes in metals such as gold, silver, and copper futures.

  4. NYMEX (New York Mercantile Exchange): Another integral part of the CME Group, NYMEX is famous for energy and metals futures contracts.

  5. CBOT (Chicago Board of Trade): A leading exchange for grain and treasury futures.

  6. MGEX (Minneapolis Grain Exchange): Known for focusing on grain futures, particularly wheat.

  7. ICE (Intercontinental Exchange): Offers a broad range of contracts, including energy, environmental, and soft commodities.

Collectively, these exchanges provide Plus500 Futures traders with access to some of the most liquid and diverse futures markets in the world, covering a wide array of commodities, currencies, indices, and other financial instruments.

What products are available?

The company provides a vast number of futures for trading, among which are:

  • 13 futures on Forex;
  • 10 futures on equity indices;
  • 7 futures on metals;
  • 9 futures on energies;
  • 8 futures on agricultures;
  • 2 futures on interest rates;
  • 2 futures on crypto.

Comparison with other brokers

Evaluating Plus500 Futures in terms of the range of markets and products it offers compared to other brokers, it's clear that Plus500 Futures has a more selective offering. While it provides access to major exchanges, the number of futures contracts is less extensive. Here's a comparative table to illustrate this point:

BrokerNumber of Futures ProductsNumber of Exchanges
Plus500 Futures517
Interactive Brokers1000+32

This comparison shows that Plus500 Futures offers a relatively modest selection of futures products and exchanges compared to its competitors. While it covers key markets, traders looking for a wider range of futures contracts and access to more global exchanges may find other brokers like Interactive Brokers or TradeStation more aligned with their needs. However, Plus500 Futures' selection can be sufficient for traders who focus on the most prominent and liquid futures markets.

Trading Platforms


Plus500 offers a unique trading platform designed with client convenience in mind. It provides access to valuable features such as trading asset specifications, client trade analysis, economic calendar, and various types of orders.

Despite the lack of choice between different platforms, trendy ones like MT4 or MT5, Plus500's trading platform still offers all the necessary functionality and can be convenient for most traders.

Plus500 Platform

Unlike most of its peers, Plus500 provides its clients only one trading terminal, individually developed by the company's specialists. The Trading Program is available in several versions:

  • web terminal for PCs and laptops;
  • mobile application for Android and iOS.
Платформа фьючерсов Plus500
Платформа фьючерсов Plus500

The following orders are available for trading on Plus500:

  • Market buy or sell;
  • Take-profit;
  • Stop-loss;
  • Trailing stop;
  • Buy- and Sell-limit.

Additionally, for the trader's convenience, the following are available in the terminal tab:

  • trading asset specifications;
  • trader's sentiments (Trader's Sentiments);
  • economic calendar;
  • +Insights - Plus500 client trade analysis.
Платформа фьючерсов Plus500
Платформа фьючерсов Plus500



The lack of analytical support at Plus500 Futures presents a significant drawback for traders who rely on these resources for informed decision-making. This absence means traders must seek external sources for market analysis, expert opinions, news updates, and trading signals, which can be inconvenient and time-consuming. While Plus500 Futures may suffice for experienced traders who already have a set strategy or access to these resources elsewhere, beginners or those who depend heavily on broker-provided analytics might find this limitation a critical factor in their choice of broker.



Plus500 provides high-quality video tutorials and articles that explain various aspects of trading in detail and an accessible manner. This is an excellent resource for beginners and experienced traders to improve their trading skills and strategies. However, the lack of other educational materials, such as webinars and podcasts, limits access to diverse education, which may be necessary for a comprehensive understanding and study of the market.

Video Tutorials

One of the critical elements of Plus500's educational materials is the video tutorials. They cover various topics, from the basics of futures trading to more complex aspects, such as understanding the risk/reward ratio and using various trading charts.

All lessons are easily understandable and equipped with step-by-step instructions, making them an ideal learning tool regardless of the trader's experience level.

Видеоуроки по фьючерсам Plus500
Видеоуроки по фьючерсам Plus500


In addition to its high-quality video tutorials, Plus500 offers a comprehensive collection of written articles, enriching traders' understanding of the Futures market. These articles are designed to build a solid foundation of knowledge essential for new and experienced traders in the dynamic world of Futures trading.

Статьи о фьючерсах Plus500
Статьи о фьючерсах Plus500

Customer Support


Customer Support at Plus500 offers a significant advantage by being available 24/7. However, it's important to note the limited communication channels, as no direct phone line or email support is provided on the website.

How to Contact Support?

If a client's query is not resolved in the FAQ section, they can contact the company’s support team. The primary method is via a specific feedback form available in the "Contact" section of the website. Additionally, for registered users, there is the convenience of a Live Chat feature within the platform, offering more immediate assistance.

Customer Support Working Hours

The support team operates around the clock, providing 24/7 assistance for clients across different time zones. This continuous availability ensures that help is always available, regardless of the time or day.


Plus500 Futures can be considered an excellent choice for beginner to intermediate traders focusing on futures trading, especially those who value simplicity and educational support. Plus500 US deserves a solid rating for its balanced offering, marking it as a reputable and accessible broker yet leaving room for enhancement in areas crucial for advanced trading needs.


Is Plus500 US legit?

Yes, Plus500 US is a legitimate and regulated broker. It is authorized and regulated by the National Futures Association (NFA) in the USA.

Which country is Plus500 US from?

Plus500 was founded in 2008 and is headquartered in Israel. However, it has subsidiaries and offices in Itasca, IL, USA.

How does Plus500 US make money?

Plus500 US makes money primarily through the contract commission.

Is Plus500 US good for beginners?

Plus500 US can be suitable for beginners due to its user-friendly platform. However, beginners should be aware of the risks associated with futures trading and should always start with a demo account to practice trading strategies.

Does Plus500 US offer a demo account?

Yes, Plus500 US offers a free demo account that allows users to practice trading with virtual funds in a risk-free environment. The demo account is a great way for beginners to familiarize themselves with the platform and test trading strategies.

How can I open an account with Plus500 US?

To open an account with Plus500 US, visit their website and click on the "Start Trading Now" button. You will need to provide personal information, such as your name, email address, and country of residence. You will also need to complete a brief questionnaire about your trading experience and knowledge.

How can I delete my Plus500 US account?

To delete your Plus500 US account, you need to contact their customer support team. You can do this by logging into your account, clicking on the "Help" button, and submitting a request to close your account. Note that your account balance must be zero before your account can be closed.

What is the minimum deposit for Plus500 US?

The minimum deposit for Plus500 US is $100.

What is the maximum leverage on Plus500 US?

The maximum leverage offered by Plus500 US is 500:1.

How do I deposit funds in a Plus500 US account?

To deposit funds into your Plus500 US account, log in and click on the "Funds Management" button. Choose your preferred deposit method, such as credit/debit card, bank transfer, or e-wallet, and follow the instructions to complete the transaction.

How do I withdraw money from Plus500 US?

To withdraw money from your Plus500 US account, log in and click on the "Funds Management" button. Select "Withdrawal" and choose your preferred withdrawal method. Enter the amount you wish to withdraw and follow the instructions to complete the process.

Does Plus500 US provide VPS?

No, Plus500 US does not provide a Virtual Private Server (VPS) service for trading.

Is Plus500 US suitable for scalping?

Scalping is not explicitly prohibited by Plus500 US, but the broker reserves the right to close or suspend accounts that engage in what it considers to be abusive trading practices. Plus500's terms and conditions state that scalping may be considered an abusive practice, so scalpers should proceed with caution.

Is Plus500 US suitable for auto-trading?

No, Plus500 US does not currently support auto-trading. Traders must manually place trades through the Plus500 platform.

Is Plus500 US suitable for hedging?

Yes, Plus500 US allows hedging, which means that traders can open multiple positions on the same instrument in opposite directions. This can be useful for managing risk and protecting against potential losses..

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.