EDITORIAL VERDICT
The IC verdict
Plus500 pairs a globally regulated, six-jurisdiction licensing footprint with a clean proprietary platform and tight EUR/USD spreads, but the absence of MetaTrader and thin educational content limit it for advanced traders.
FULL REVIEW
The complete analysis
RATING · 6 factors
The composite breakdown
FEES
What it actually costs
| Item | Cost |
|---|---|
| EUR/USD spread | 0.6 pips |
| GBP/USD spread | 1.1 pips |
| Gold spread | 0.3 pips |
| Crude Oil spread | 0.03 pips |
VERDICT · pros & cons
What's good, what isn't
Pros
- Regulated by six authorities including FCA, CySEC, ASIC, MAS, FMA and FSCA
- User-friendly proprietary platform on web and mobile
- No commissions on trades (revenue via spreads)
- Wide range of tradable CFD instruments including crypto
- Transparent fee structure with no deposit or withdrawal fees
Cons
- Limited research and educational resources
- No support for MetaTrader 4 or MetaTrader 5
- Limited customer support hours (no phone support)
- CFD-only -- traders never own the underlying asset
REGULATION · licenses
Where Plus500 is regulated
Financial Conduct Authority
United Kingdom
Active
Cyprus Securities and Exchange Commission
Cyprus · License No. 250/14
Active
Australian Securities and Investments Commission
Australia
Active
Monetary Authority of Singapore
Singapore
Active
Financial Markets Authority
New Zealand
Active
Financial Sector Conduct Authority
South Africa
Active
FAQ
Common questions
Is Plus500 a trustworthy broker?
Yes. Plus500 is regulated by multiple financial authorities including the FCA, CySEC (license 250/14), ASIC, MAS, FMA and FSCA, ensuring a high level of security and transparency.
What platforms does Plus500 offer?
Plus500 offers its proprietary trading platform on web and mobile devices. It does not support MetaTrader 4 or MetaTrader 5.
Does Plus500 charge commissions?
No. Plus500 does not charge commissions on trades. The broker earns revenue through spreads and overnight funding charges.
What is the minimum deposit for Plus500?
The minimum deposit for the Plus500 Standard account is $100.
What leverage does Plus500 offer?
Plus500 offers leverage up to 1:30 for retail traders and up to 1:300 for professional accounts. Professional accounts do not have ICF rights.