Plus500 review
Plus500 is a CFD-only broker founded in 2008 in Haifa, Israel, and listed on the London Stock Exchange (LSE: PLUS) as part of the FTSE 250. Unlike most CFD brokers, it does not support MetaTrader 4/5 or cTrader, running exclusively on its own WebTrader platform and mobile apps. It operates through more than a dozen regulated subsidiaries, including Plus500UK (FCA), Plus500CY (CySEC), Plus500AU (ASIC), Plus500SG (MAS) and Plus500CA (Canada's CIRO), alongside two offshore entities, Plus500SEY (Seychelles FSA) and Plus500BHS (Securities Commission of The Bahamas), used for clients outside its core regulated markets. Retail CFD trading carries a high loss rate, which Plus500 discloses directly on its own site.
Plus500 key facts
- Website: www.plus500.com
- Category: CFD-only broker (no MetaTrader)
- Founded: 2008
- Headquarters: Haifa, Israel
- Public status: LSE-listed (PLUS), FTSE 250 constituent
- Regulation: FCA, CySEC, ASIC, MAS, CIRO and more; plus offshore Seychelles and Bahamas entities
- Platform: Proprietary WebTrader and mobile app; no MT4/MT5/cTrader
- Minimum deposit: $100 by card/e-wallet; $500 by wire transfer
- Markets: 2,800+ CFDs across forex, shares, indices, commodities, ETFs, options and crypto
- CEO: David Zruia
- FYI Score: 94/100 (ranked #10 of the 136 CFD brokers we track)
Regulation & licences
- Regulated by FCA (UK, Plus500UK Ltd, FRN 509909), CySEC (Cyprus, Plus500CY Ltd, licence 250/14) and ASIC (Australia, Plus500AU Pty Ltd, AFSL 417727), among others.
- Additional licences from MAS (Singapore), DFSA (Dubai), Estonia's FSA, South Africa's FSCA, New Zealand's FMA and Canada's CIRO.
- Also operates two offshore entities with lighter oversight: Plus500SEY Ltd (Seychelles FSA, licence SD039) and Plus500BHS Ltd (Securities Commission of The Bahamas, licence SIA-F250), used for clients outside its core Tier-1 markets.
- Retail leverage is capped by jurisdiction, for example up to 1:30 on major forex pairs and 1:5 on individual equities under FCA-style rules.
Spreads & fees
- Commission-free, spread-based pricing; no separate dealing commission.
- $10 monthly inactivity fee after 3 months without account activity.
- Currency conversion fee of up to 0.7% on non-base-currency positions.
- No deposit or withdrawal fees charged by Plus500 itself, though withdrawals can take several business days to process.
Platforms & tools
- Proprietary WebTrader, accessible via browser with no download required.
- Native iOS and Android apps mirroring the WebTrader feature set.
- Does not support MetaTrader 4, MetaTrader 5 or cTrader, a deliberate departure from most CFD brokers.
- Guaranteed stop-loss orders and other built-in risk-management tools.
Markets & account types
- 2,800+ CFD instruments spanning forex, shares, indices, commodities, ETFs, options and cryptocurrencies.
- Retail and Professional account tiers, with materially higher leverage available to Professional clients.
- Free demo account with virtual funds for practicing before trading live.
- Customer support is limited to email, live chat and WhatsApp; no phone support.
Markets
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Platforms
Plus500 WebTrader, Plus500 mobile app
Who Plus500 is for
Plus500 suits CFD traders who want a simple, single-platform experience across a wide range of markets and are comfortable without MetaTrader or automated-strategy tools. It is less suited to algorithmic traders who rely on MT4/5 EAs, or to anyone who needs phone support.
Pros
- Multi-regulated across more than a dozen jurisdictions, including FCA, CySEC, ASIC and MAS, with segregated funds and negative balance protection for retail clients.
- Broad CFD range (2,800+ instruments) on a single, consistent proprietary platform rather than juggling multiple platform integrations.
- Commission-free, transparent spread-based pricing with no deposit or withdrawal fees.
- Long operating history since 2008 and public-company transparency as an LSE-listed, FTSE 250 constituent.
Cons
- Does not support MetaTrader 4/5 or cTrader, which rules it out for traders who rely on custom EAs or the wider MT ecosystem.
- Operates offshore entities (Seychelles, Bahamas) with materially lighter regulation for clients outside its Tier-1 markets.
- $10 monthly inactivity fee after 3 months, and no phone support (email, live chat and WhatsApp only).
- Retail CFD trading carries a high loss rate; third-party reviews cite figures in the 70-80% range for Plus500 specifically, a risk it discloses on its own site.
Plus500 FAQ
Is Plus500 regulated?
Yes, through more than a dozen entities. Plus500UK Ltd is regulated by the FCA, Plus500CY Ltd by CySEC, and Plus500AU Pty Ltd by ASIC, with further licences from MAS, DFSA, Canada's CIRO and others. It also operates offshore entities in Seychelles and the Bahamas for clients outside its core regulated markets, which carry lighter oversight than the FCA/CySEC/ASIC entities.
Does Plus500 support MetaTrader?
No. Plus500 runs exclusively on its own proprietary WebTrader platform and mobile apps; it does not support MetaTrader 4, MetaTrader 5 or cTrader, unlike most CFD brokers.
What does Plus500 cost to trade?
Plus500 is commission-free, with cost built into the spread. It charges a $10 monthly inactivity fee after three months of no activity and a currency conversion fee of up to 0.7% on non-base-currency positions, but does not charge deposit or withdrawal fees itself.
What is the minimum deposit at Plus500?
Around $100 via card or e-wallet, rising to roughly $500 for wire transfer deposits, though the exact figure can vary slightly by country and funding method.
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