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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.
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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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Plus500 is a prominent CFD trading platform catering primarily to experienced traders. It offers a wide range of financial instruments, including crypto CFDs, but does not support the direct purchase of real cryptocurrencies. While it provides a clean interface and useful features, such as a demo account and margin trading, the absence of real crypto trading and high spreads may be a drawback for those seeking direct crypto exposure. Overall, Plus500 is suitable for advanced users but less ideal for those wanting actual crypto ownership.
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.
Informations
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
Conclusion
Plus500 is a prominent CFD trading platform catering primarily to experienced traders. It offers a wide range of financial instruments, including crypto CFDs, but does not support the direct purchase of real cryptocurrencies. While it provides a clean interface and useful features, such as a demo account and margin trading, the absence of real crypto trading and high spreads may be a drawback for those seeking direct crypto exposure. Overall, Plus500 is suitable for advanced users but less ideal for those wanting actual crypto ownership.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
Plus500
User Reviews
Plus500 is commended for its user-friendly design, which is especially appealing to beginners. The app’s ease of use makes it simple to enter and monitor trades. Nevertheless, users have reported instances of lag and glitches during times of high volatility in the market. This reliability issue lies at the heart of user discontent.
Users favor the wide array of cryptocurrencies and related investment instruments accessible and find there are plenty of analysis and charting capabilities. However, there is a demand for more advanced tools and resources that could be provided, for instance, news feeds or enhanced analytics.
It's common for beginners to recommend the platform since it covers user-friendly approaches and learning resources, although a need for more advanced educational content is felt.
Plus500 has a straightforward and well-organized fee structure, although some users feel that the platform's spreads are high. It's a significant advantage that there are no fees for making deposits and withdrawals, however, inactive traders have criticized the inactivity fee.
It is not surprising to see that Plus500's regulatory status is making some traders confident. However, there are concerns about their withdrawal process as there has been some talk about withdrawal difficulties.
The quality of Plus500's customer service is the subject of some dispute. Some users commend the assistance that it provides, frequently and promptly. However, others have complained about lengthy wait times and issues that were never resolved.
General feedback on Plus500 is mixed, with some users praising its ease of use and the variety of assets available for trading. However, the platform's high spreads, lack of customer support during market shifts, and the operational fees demotivate many users.
About
Plus500
Plus500
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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