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Plus 500 US Futures broker review — Diverse futures assets

us.plus500.com
nika
Written by:
Nika
Av
konstantinrabin
Edited by:
Konstantin Rabin
Calendar
Written on:
13 December 2023
Date
Last edit:
11 January 2024
Our rating:
5.45

5.45

Summary
Safety and security of Plus 500 US
4
4.0
Account types available for traders on Plus 500 US
8
8.0
Fees & commissions review of Plus 500 US
5
5.0
Trading platforms and mobile trading reviewed at Plus 500 US
6
6.0
Education and research tools offered by Plus 500 US
6
6.0
Customer support of Plus 500 US
7.2
7.2
Conclusion

Plus 500 US Futures broker review — Diverse futures assets

us.plus500.com
nika
Written by:
Nika
konstantinrabin
Edited by:
Konstantin Rabin
Calendar
Written on:
13 December 2023
Date
Last edit:
11 January 2024
Our rating
5.45

5.45

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Main summary

Plus 500 is mainly a Forex and CFDs broker operating in the global financial markets, providing trading services to traders. In the US, the broker only offers futures trading, as CFDs are prohibited in the country. In the following review of the Plus 500 broker, we will only focus on the specs of the broker that are offered for US clients. We will discuss its safety, fees, platforms, and many more. So, stay tuned. 

Pros & cons of Plus 500 US

  • Ability to deposit and withdraw with $0 fees
  • Regulated by the US Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA)
  • Fast and digital account opening/verification
  • Offers access to 50+ futures for various asset classes
  • A relatively low minimum deposit requirement of 100 USD
  • Both the platform and demo accounts are free
  • User-friendly mobile app supporting both Android and iOS
  • Only futures are offered
  • Low leverage and absence of advanced trading platforms
  • Charges fees for futures contract trading
  • Limited tools and market research assistance; primarily focused on educational resources
  • Futures markets operate between 4:30 and 5 p.m. ET every day, excluding weekends and holidays

Plus 500 US Fact sheet

Main features
Regulations USA
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 100 USD
Minimum account activation 100 USD
Number of available assets 50+
Leverage up to 1:-
Available trading markets Futures
Account currencies USD
Demo account Yes
Live account types Plus 500 futures real money account
Islamic account -
Security
Negative balance protection -
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Assets
Forex
Shares
Cryptocurrencies
Indices
Commodities
Total -
Fees & spread
Forex -
Shares -
Cryptocurrencies -
Indices -
Commodities -
Software
Platforms -
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods -
Minimum deposit -
Minimum withdrawal -
Withdrawal processing time -
Time to open an account -
Show all

Safety and security of Plus 500 US

The safety of Plus 500 US is very high as the broker offers futures trading services via Cunningham Commodities, LLC, which is the registered merchant for Plus 500 US, is regulated by the US Commodity Futures Trading Commission, and is a member of the National Futures Association. This regulation ensures the broker is reliable and legit in the USA and allowed to offer trading services. So, security-wise, the broker is safe and regulated by the most reputable authority in the world, CFTC. 

The broker does not offer negative balance protection for futures trading as the leverage is relatively low, exposing traders to lower risks compared to CFD trading. 

Plus 500 US is part of the investor compensation fund and keeps client funds in a segregated bank account, ensuring the highest safety standards. 

plus 500 us.png

Account types available for traders on Plus 500 US

Plus 500 offers only one live trading account for US citizens for futures trading. It comes with low minimum deposit requirements of 100 USD and has 0 fees for operating the platform and getting quality data fees. 

Futures trading comes with certain fees, unlike the Forex pairs. The broker charges commissions of 0.49 USD per Micro contract and 0.89 USD per Standard contract (per side). Unlike Forex which is active 24/5, futures markets operate between 4:30 and 5 p.m. ET every day, excluding weekends and holidays. Both deposits and withdrawals are free of charge from the broker's side. 

There is a free demo account available, which is a luxury as many futures and stock brokers usually charge monthly fees for demo accounts and trading platforms. 

Pros & cons of Plus 500 US account types

ProsCons
There is a very low minimum deposit of $100 for futures tradingAll accounts have both spreads and commissions
Enables traders to use a free practice Demo accountThere are no accounts without spread markups
Various assets are offered in the form of futuresOnly futures are offered for trading

Fees & commissions review of Plus 500 US

AssetSpread
Micro contract0.49 USD
Standard contract0.89 USD

Comparing Plus 500 US fees with other brokers

Plus 500 US fees compared to Interactive Brokers fees

Type of FeePlus 500 USInteractive Brokers
EUR/USD SpreadFrom 0.8 pipFrom 0.6
Fees on Deposits0 USD1%
Inactivity fee0 USDNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Plus 500 US fees compared to CM Trading fees

Type of FeePlus 500 USCM Trading
EUR/USD SpreadFrom 0.8 pipFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 15 EUR/USD per month after 60 days of inactivity

Plus 500 US fees compared to plus500 fees

Type of FeePlus 500 USplus500
EUR/USD SpreadFrom 0.8 pipFrom 0.8 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 10 USD per month after 3 months of inactivity

Plus 500 US fees compared to XM fees

Type of FeePlus 500 USXM
EUR/USD SpreadFrom 0.8 pipFrom 0.6
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 15 USD after 12 months, +5 USD/m

Plus 500 US fees compared to AvaTrade fees

Type of FeePlus 500 USAvaTrade
EUR/USD SpreadFrom 0.8 pipFrom 0.9
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 50 USD after 3 months, 100 USD administration fee after a year

Plus 500 US fees compared to Capital.com fees

Type of FeePlus 500 USCapital.com
EUR/USD SpreadFrom 0.8 pipFrom 0.9
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms and mobile trading reviewed at Plus 500 US

The trading platform offers access to diverse asset classes under futures. There are two crypto futures, including BTC and ETH futures, 8 agriculture futures of commodities, 7 metals futures, 13 Forex futures, 2 interest rate futures, 9 energies, and 11 equity index futures. 

Plus 500 US offers both desktop and mobile trading platforms. The mobile app is user-friendly and offers many features for speculating on futures markets on the go. Both Android and iOS are supported. Plus 500 US trading platform is specifically notified for futures trading, allowing traders to conduct complex operations including technical analysis using indicators and many other tools.

Education and research tools offered by Plus 500 US

Futures Trading Academy by Plus 500 US offers generous educational resources for starting as a beginner and gaining a basic understanding of futures markets and trading. Resources include both educational articles and videos. Videos are provided for various important topics including trading strategies, basic future courses, and benefits of futures when compared to other asset classes. 

There are not many trading tools and market research assistance offered by Plus 500 US, only educational resources. 

Customer support of Plus 500 US

Customer support is offered using live chat, email support, and hotline support. There is also a dedicated page of FAQs called support. These FAQs answer many of the basic questions. Since the broker is focused on the US audience, the language is English. 

Conclusion

Overall, Plus 500 US stands out as a reliable futures broker with a strong focus on providing a secure and user-friendly trading experience for US clients. The one downside of the broker is it only provides cultures trading assets. However, the futures are offered on diverse markets including Forex, equities, cryptos, indices, and commodities. The broker is offering futures trading services to US citizens via its merchant which is regulated and registered with CFTC and is a member of NFA. The minimum deposit is 100 USD, the trading platform is available for mobile devices, and deposits and withdrawals are free of charge. 

For US-based traders seeking reliable futures trading experience Plus 500 US can offer flexibility with its diverse futures markets. 

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FAQs about Plus 500 US

Is Plus 500 US a regulated broker?

Yes, Plus 500 US is regulated by the US Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

What is the minimum deposit required with Plus 500 US?

The minimum deposit starts from 100 USD. For wire transfers, the minimum amount to deposit is 100 USD. 

Are there fees for deposits and withdrawals on Plus 500 US?

No, Plus 500 US does not charge fees on deposits or withdrawals, offering a cost-effective solution for profitable traders.