Plus500 Review 2021

Risk Disclaimer:80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 Rating
  • Regulation & Trust
  • Platforms & Tools
  • Instruments
  • Trading Conditions
  • Research & Education
  • Type of Accounts
  • Deposit & Withdrawal
  • Promotions
  • Client Support
Pros / Cons
  • London Stock Exchange-listed CFD provider
  • Simple & Intuitive Platform.
  • You can trade over 2,800 CFD instruments
  • Regulated by multiple financial regulators: Australia, Singapore, United Kingdom , Seychelles and Cyprus.
  • Low trading fees
  • Not MetaTrader 4 option
  • Inactivity fee
  • Not Phone support

Last Plus500 review update was on November 13, 2022 @ 8:31 pm

Homepage of Plus500 (screenshot)

What is Plus500?

Plus500 Group was founded in 2008 and it is one of the top CFD platforms still operating in the global CFD markets. They have been providing CFD trading services to its worldwide clients for over a decade.

In recent years, the company has revamped its services and developed a proprietary trading platform. Moreover, its marketing efforts have substantially increased to gain professional clients. In the beginning, it mostly provided offshore services to retail CFD traders. However, as the management shifted the company’s business model to cater to professional traders, they have opened several regional offices in different countries and now well-regulated in the respective jurisdictions.

Plus500 is a market maker with its proprietary platform.  The good thing is that you can’t lose more than you’re depositing, so using guaranteed stops, and negative balance protection.

They are the main sponsor of Atletico de Madrid, one of the biggest football teams in the Spanish “La Liga”, and the Brumbies, an Australian rugby team.

About Plus500 UK

They have its primary office located in the City of London, the United Kingdom at 8 Cornhill, London EC3V 3QQ. Also, customers opening accounts with their UK branch, Plus500UK Ltd, is authorized and regulated by the Financial Conduct Authority (FCA #509909).

Plus500 UK - Homepage

Plus500 UK – Homepage

About Plus500 Cyprus (Europe)

Plus500CY Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC #250/14).

About Plus500 Australia

They have its office in Sydney(Australia) and operated under the subsidiary Plus500AU Pty Ltd (ACN# 153301681). It is regulated by the Australian Securities and Investments Commission (AFSL #417727). They are authorized to provide CFD trading to Aussie clients.

Plus500 Australia - Homepage

Plus500 Australia – Homepage

Plus500AU Pty Ltd is also registered with the Financial Services Board (FSP #47546) in South Africa, and with the FMA in New Zealand.

About Plus500 Singapore

If you are based in Singapore, it’s worth to mention that Plus500, thought its subsidiary firm Plus500 Pte Ltd,  has a license from the Monetary Authority of Singapore (MAS) to provide CFD service to clients since December 2017. They are located at 1 Temasek Avenue, Millenia Tower #18-07.

Plus500 Singapore - homepage

Plus500 Singapore – regulated by the Monetary Authority of Singapore (MAS).

About Plus500 for Malaysian Customers

Plus500 is a good option for Malaysians looking for a regulated CFD trading platform in Bahasa Melayu. If you follow the Sharia law, they provide Islamic trading accounts that are swap-free.

Plus500 Malaysia - Homepage

Plus500 – Its website in Bahasa Melayu

Regulation & Trust

Is Plus500 a legit and regulated broker?

The answer is YES! As a regulated platform, Plus500 keeps all customer deposits in segregated accounts in Tier-1 banks. Plus500 UK clients are also eligible for up to £85,000 in compensation under the Financial Services Compensation Scheme (FSCS). So, your deposits with Plus500 is rather safe compared to trading with other platforms.

They are regulated by multiple agencies:

  • Plus500UK Ltd by the FCA (#509909).
  • Plus500CY Ltd, by CySEC (#250/14).
  • Plus500 Pte Ltd, by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
  • Plus500AU Pty Ltd (ACN 153301681), licensed by ASIC in Australia, AFSL #417727,  by FMA in New Zealand and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa.
  • Plus500SEY Ltd by SFSA (Seychelles Financial Services Authority) (Licence No. SD039).

They are a company listed on the London Stock Exchange with the ticker “Plus” since 2018.

Trading Platforms & Tools

Plus500 Webtrader

Plus500 Webtrader, its web-based platform

They don’t use MT4 platform, however, unlike most Forex and options firms, Plus500 has invested heavily in developing its proprietary trading platform and offers CFD instruments for trading. The fully web-based trading platform gives traders a centralized interface to manage their trading account and place orders in real-time in the market. There is also a desktop application for Windows 10 that you can download. But it is almost the same as the WebTrader platform.

Plus500 - Indicators & Technical analysis tools

Plus500 provides a wide range of indicators & technical analysis tools.

The built-in charting option from Plus500 offers traders a range of technical indicators and other technical analysis tools. As of writing this review, we found over 100 individual technical analysis tools on its trading platform.

One of the unique features of Plus500’s trading platform is its innovative order management. While most desktop-based platforms from other firms require you to keep your computer on to keep the trailing stops active, being a cloud-based platform, its trailing stops are always-on. Furthermore, the platform offers guaranteed stop loss so there is a low possibility of incurring slippage related losses.

Plus500 - Security features

Plus500 security – Auto-logout due to inactivity feature.

While we found the Plus500 trading platform to be user friendly and easy to use, we found a few features that could be improved. For example, we found that the platform will log you out periodically due to inactivity, which is great for ensuring security. But there should be an option to disable this as professional traders may find it annoying to type in passwords several times a day.

How to use Plus500 app?

Plus500 Mobile - apps

Mobile apps are available on iOS and Android

Besides the Web trader, Plus500 also offers mobile trading apps for both Android and iOS devices so you can always manage your open trades or place new ones on the go. Reviewing the feedback from other users of the mobile software on Google Play Store revealed that its app has a 4-star rating and generally, users are happy with the interface.


How many assets can be traded at Plus500?

We found that Plus500 offers one of the highest numbers of trading assets. The company claims that there are over 2800 CFD financial instruments, including Share CFDs, Forex CFDs, Indices CFDs, Cryptocurrency CFDs, Commodities CFDs, Options CFDs and ETF CFDs for traders to choose from.

You can trade the following CFD trading instruments:

  • Cryptocurrencies CFDs: 14 ( Bitcoin, Ethereum / Bitcoin, Ethereum, Litecoin, NEO,..).
  • Indices CFDs: 60+  ( UK 100, ASX 200, Germany 30, USA 30 Wall Street,…) .
  • Share CFDs: 1800 ( Facebook, Apple, Tesla, Amazon,…).
  • Commodities CFDs: 22 ( Oil, Gold, Silver, Brent Oil,..).
  • ETF CFDs: 92 ( USO-Oil Fund, iShares Silver, UNG-Gas Fund,…).
  • Options CFDs: They offer call option and put option.

*Crypto CFDs are not available to UK customers.

Trading Conditions

While researching for this review, we found Plus500’s fee structure to be very transparent and straightforward. Since the brokerage services are based on offering Contract for Difference (CFDs), we found that Plus500 does not charge any commissions. Most of the fees are based on market spreads and as a CFDs platform, they are offering one of the lowest spreads in the industry. For example, the EURUSD’s CFD spread goes as low as 0.6 pips during active market hours, which is often 0.01% of the transaction value.

They have inactivity and overnight fees.

What are the Plus500 Spreads?

Keep in mind that the spreads vary depending on the type of CFD assets you are trading. For stocks CFDs, the spreads vary a lot. For example, we found the spreads for trading Amazon CFD is only 2.01, which is 0.08% of the value. However, the spreads for Tullow Oil CFD is 2.5, but it represents 10.36% of the value.

The CFD options trading fee is rather low and at par with industry averages. Apple’s May CFD put options spread was at 0.15 at the time of writing this review, which is only 4.02% of the transaction value.

What are their deposit fees?

As far as deposit fees are concerned, it was nice to see that Plus500 does not impose any transaction fees that most brokers do. For example, if you deposit $1,000 into your trading account, you will get the full amount. So, no credit card processing fee will be imposed.

What is their max leverage with Plus500?

Plus500 EEA, UK and Australian retail customers can get maximum leverage of 30:1, and 300:1 for professional traders. Non-EEA clients can apply up to 300:1 max. leverage.

Research & Education 

Plus500 offers educational guides and video tutorials about how to use their platform effectively. So, the learning curve of using its proprietary platform is not that stiff. Anyone with a basic understanding of financial markets will be able to learn to use the platform with relative ease.

Also, each of the 2,800 CFD instruments offered on the platform has its dedicated page where you can find the latest news and analysis of upcoming news events.

Type of Accounts 

Plus500 currently offers all trading instruments under a single account. So, all the features of its unique platform are available for every single client. We found this idea of having a single type of account to be refreshing as most platforms impose certain restrictions on the features based on deposit amounts, which often appears discriminatory. 

Plus500 Demo Account

They give away a free and unlimited demo account by choosing “Demo Mode” in the “Select Account Mode” window.

How to Open a Plus500 Account?

The registration is very simple and quick. You need to fill up a simple form with your email and password (you can log in via Facebook or Gmail too).

Once you are logged in, your Demo account will be available. From there, you can upgrade to a Live account. You will be asked to fill up more details. Next step it will be the account verification. They require to check your identity, residential address, and the source of funds. Once verified, your live account will ready to go.


Plus500 - Open an Account

Plus500 – The registration is simple and fast to open an account.

Deposit & Withdrawal Options

When it comes to depositing funds to your live account, Plus500 makes it relatively easy to do so. Currently, you can use any major debit and credit cards, including Visa and Mastercard, to make an instant deposit. Also, two of the major e-wallet providers, PayPal and Skrill, are supported to make deposits.

Plus500 also accepts direct Wire transfers, but it may require a few working days to process the deposited amount. While the broker will not charge any fees for a bank deposit, your local bank may charge a wire initiation fee. So, it is better to discuss the wire initiating fees with your bank.

You can also make a withdrawal request with all different deposit methods.

What is the minimum deposit on plus500?

While Plus500 requires a minimum of deposit of only $100 to open a live trading account, the margin requirements vary widely depending on the type of instrument you want to trade. Hence, it is better to confirm if you have ample equity in your account before trying to trade any particular instrument and deposit the required amount accordingly.

Client Support

Plus500 clients can reach customer support via an email form. However, we could not find any phone support number listed on their website. Nonetheless, the broker claims to offer customer support in over 32 languages.

We found Plus500’s email response rate to be pretty fast and most of our questions were answered with adequate information.


It’s available in English, Hebrew, Arabic, Bahasa Melayu,  Chinese, German, French, Italian, Turkish, Spanish, Greek, Dutch, Polish, Swedish, Norwegian, Danish, Finish, Portuguese, Slovenian, Estonian, Russian, Hungarian, Latvian, Lithuanian, Romanian, Russian, Croatian, Turkish, Icelandic and Maltese.


Plus500 have been active in the CFD based financial markets for a long-time. Also, the low spreads and no commission trading conditions offered by Plus500 makes it one of the top competitors in the global CFD brokerage market.

While several Forex and CFD brokers are operating in Australia, South Africa, and the United Kingdom, few have a similar track record to be counted as reliable as Plus500. Moreover,  Plus500 is regulated by multiple regulatory entities including ASIC, MAS and FCA, meaning your funds is held in segregated accounts. Hence, if you are looking for a reliable platform for CFD trading, keep Plus500 at the top of your list of choice.

Written by

Market Analyst / Trading Consultant at Asif Imtiaz
Market Analyst / Trading Consultant . Asif worked as a prop trader for almost a decade, and later he managed trading operations for one of the largest foreign exchange strategy developers in Europe. Currently, he works as a trading consultant to several brokers and writes about various tech and financial topics. You can reach him at
Asif Imtiaz
Editor-in-chief at
James Roberts is founder and the editor-in-chief of
He has been a journalist covering markets since 2005.
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+ Top CFD provider regulated by ASIC.
+ Simple & Intuitive Platform.
+ Low Trading Fees.
+ Over 2,800 Instruments to trade.