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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
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Overview
Quick Facts
With a customer base exceeding 22 million, Plus500 is a leading global CFD broker. It offers a diverse array of financial products, appealing mainly to experienced traders with its range of trading functionalities. Cryptocurrencies are available solely as CFDs.
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Pro's & Con's
- Demo account
- Large selection of financial products
- Clear mobile app
- Deposit possible with Paypal
- No real coins (CFDs)
- Small selection of crypto CFDs
- Fees/spreads vary greatly
Plus500
Features
Feature Overview
Unique Features
- Fast and reliable order execution
Tradable Assets
- Crypto CFDs
- Stocks
- ETFs
- Currency
- Options
- Indices
- Raw materials
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
Our
Plus500
Review
Test Result
Plus500
User Reviews
Plus500 scores with many users for its clear and simple user interface, which is particularly popular with beginners. Particularly highlighted is the intuitive design of the app, which makes placing and tracking trades easier. However, there have been reports of delays and technical difficulties during market peaks, which have caused frustration for some users.
The diverse range of cryptocurrencies and financial instruments offered, along with sufficient analysis and charting tools, is enthusiastically received, though there's a desire for more comprehensive tools and resources like news feeds or advanced analysis.
The platform is often recommended for beginners due to its user-friendly approach and learning resources, though there's a call for more advanced educational content.
Plus500's fee system is transparent and organized, but the platform's spreads are considered high by some users. The lack of deposit and withdrawal fees is a plus, but the inactivity fee is criticized by less frequent traders.
Plus500's regulatory standing increases user trust, but reported withdrawal difficulties have led to some uncertainty.
Plus500's customer service gets mixed responses; some users appreciate the prompt and helpful support, while others grapple with slow response times and unresolved issues.
User sentiment towards Plus500 is mixed to positive, with its straightforward use and wide asset selection being praised, while high spreads and inactivity fees garner criticism. App performance during market volatility and inconsistent customer support also draw attention.
About
Plus500
Plus500
Users?
Score
About the author
Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.
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