Plus500 review 2026

Is Plus500 regulated?

The broker operates through multiple legal entities. The regulator and protections applying to an account depend on which entity accepts the client, not simply on the broker brand displayed.

Plus500 holds tier-one authorisations from ASIC, FCA, CySEC, MAS, FMA, CFTC/NFA and CIRO. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

How safe is Plus500?

Client money is held separately from the firm's own money, at Segregated client bank accounts with regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients, which pays eligible clients up to its limit if the firm fails owing client money.

Verify licence with FCA

Plus500 trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

Plus500 advertises spreads from 0.6 pips on Retail. The stated commission is $0. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

Spreads from 0.6 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Plus500 lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Spread type

Variable

EUR/USD average spread

Approx. 0.6 pips

GBP/USD average spread

Approx. 1.2 pips

Commission

$0

All-in cost, EUR/USD

Approx. 0.6 pips

Leverage and margin

Maximum leverage is reported as 1:30, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

Plus500 describes its execution model as Market maker. The available information indicates an average execution speed of Under 1 second, order types of Market, limit, stop, stop-loss, stop-limit, trailing stop, guaranteed stop and servers in Global cloud/data-centre infrastructure. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

No

Copy trading

No

Negative balance protection

Yes

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

Plus500 account types

Plus500 offers 4 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

Plus500 runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: AUD, USD, EUR, GBP and other region-dependent currencies. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-dependent; generally from micro-position sizes. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

RetailProfessionalDemoSwap-Free

Minimum deposit

$100

Spreads from

0.6 pips

Commission

$0

Maximum leverage

1:30

Platforms

Proprietary platform

Base currencies

AUD, USD, EUR, GBP and other region-dependent currencies

Available markets

Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency CFDs

Minimum trade size

Instrument-dependent; generally from micro-position sizes

Account opening time

Typically a few minutes

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as available. Alternative charges, holding limits or eligibility conditions may apply.

Plus500 fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.6 pips, but typical pricing may be higher.

The reported trading commission is $0.

Overnight financing applies to eligible positions at rates that can change.

The broker reports none for standard withdrawals; charges can apply below minimum thresholds or from third parties for withdrawals.

An inactivity fee of Up to $10/month applies after 3 months without logging in.

A currency-conversion charge of Up to 0.7% may apply.

Spreads from

0.6 pips

Commission

$0

Overnight financing

Both: overnight funding applies; swap-free accounts available in eligible regions

Deposit fee

Not confirmed

Withdrawal fee

None for standard withdrawals; charges can apply below minimum thresholds or from third parties

Inactivity fee

Up to $10/month after 3 months without logging in

Currency conversion

Up to 0.7%

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

Plus500 supports Proprietary platform. Availability can differ by account and legal entity.

Plus500 offers Plus500 WebTrader, Plus500 mobile and desktop platforms. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Proprietary platform

Proprietary platform

Yes

Web platform

Yes

Mobile app

Proprietary

Charting

100+ technical indicators

Third-party tools

TradingView-powered charting features and external market data integrations

Server locations

Global cloud/data-centre infrastructure

The platform range is broad. Its main advantage is support for Proprietary platform; the principal limitation is the absence of MetaTrader 4 and MetaTrader 5.

Markets available through Plus500

The broker reports access to 2,800+ instruments across forex, commodities, indices, shares, eTFs and cryptocurrency CFDs. Product availability depends on the account entity and platform.

Leverage is capped at 1:30 retail, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

The product range is strongest for forex, commodities and indices. Traders seeking metals may need another broker.

ForexCommoditiesIndicesSharesETFsCryptocurrency CFDs

Markets, as published

Forex, Shares, Indices, Commodities, ETFs, Options, Cryptocurrencies

Total instruments

2,800+

Currency pairs

60+

Cryptocurrency CFDs

Yes, jurisdiction-dependent

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Visa, Mastercard, bank transfer, PayPal, Skrill, Apple Pay, Google Pay, Trustly and regional methods. Processing times, limits, fees and availability vary by country, currency and account entity.

Withdrawals are stated at 1-3 business days processing plus payment-provider processing time, against Instant for cards and most e-wallets; bank transfers typically 1-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: credit/debit card, bank transfer, paypal, skrill and supported regional methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $50 PayPal/Skrill; $100 bank transfer/cards - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

Deposit methods

Visa, Mastercard, bank transfer, PayPal, Skrill, Apple Pay, Google Pay, Trustly and regional methods

Withdrawal methods

Credit/debit card, bank transfer, PayPal, Skrill and supported regional methods

Deposit time

Instant for cards and most e-wallets; bank transfers typically 1-3 business days

Withdrawal time

1-3 business days processing plus payment-provider processing time

Deposit fee

Not confirmed

Withdrawal fee

None for standard withdrawals; charges can apply below minimum thresholds or from third parties

Minimum withdrawal

$50 PayPal/Skrill; $100 bank transfer/cards

Local payment methods

Trustly; Apple Pay; Google Pay and jurisdiction-specific local methods

View withdrawal complaints about Plus500

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

Plus500 provides support through Live chat, email, WhatsApp during 24/7. Supported languages include 30 languages.

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, whatsapp. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: 30 languages. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: trading academy, beginner guides, webinars, videos, articles and glossary. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Support channels

Live chat, email, WhatsApp

Support hours

24/7

Languages

30 languages

Telephone

Not confirmed

Email

Not confirmed

Live chat response

Typically under 2 minutes

Research and market analysis

Economic news, market insights, +Insights, sentiment and analytical tools

Education

Extensive: Trading Academy, beginner guides, webinars, videos, articles and glossary

Is Plus500 a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

Plus500 is best considered by

• Traders who want a tier-one licence behind the account

Consider another broker if

• You require copy trading
• You require MetaTrader

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