Plus500 Review

Regulation and safety of funds

Plus500 is run by Plus500 Ltd, listed on the main market of the London Stock Exchange (LSE: PLUS) since 2018 and a constituent of the FTSE 250. Being a public company means it publishes audited financial results, which is a meaningful trust signal in an industry with many unregulated operators.

The group operates through region-specific regulated entities rather than one global license: Plus500UK Ltd is authorised by the FCA, Plus500CY Ltd by CySEC, and Plus500AU Pty Ltd by ASIC, alongside further licenses covering Singapore, Japan, Estonia, South Africa, Canada and the US. Which entity you're onboarded with — and which protections apply — depends on your country of residence, so it's worth checking your account's specific regulator before depositing. Plus500's UK entity has drawn past regulatory scrutiny, including a 2012 FCA fine for inaccurate transaction reporting and a 2015 account freeze tied to an anti-money-laundering review — worth knowing even though both predate the company's current compliance setup.

Fees and spreads

Plus500 doesn't charge a separate commission — its cost is built into the spread. EUR/USD spreads have been measured at roughly 0.6 to 1.3 pips depending on the source and market conditions, which is workable for casual traders but wider than raw-pricing brokers aimed at high-frequency or scalping strategies.

Beyond the spread, expect overnight financing (swap) charges on positions held open past the daily cutoff, a currency conversion fee of up to 0.7% if your account currency doesn't match the instrument, and a $10/month inactivity fee after three months without a trade. Deposits are generally free; withdrawals via card or e-wallet are also free but can take three to seven working days to arrive.

Platforms and tools

Unlike most CFD brokers, Plus500 does not offer MetaTrader 4, MetaTrader 5, cTrader or any third-party platform — everything runs on its own WebTrader and matching iOS/Android apps. The trade-off is a clean, uncluttered interface that's genuinely easy for beginners, at the cost of the deep customisation and algorithmic/API trading that power users expect elsewhere (an API is available separately for Plus500 Futures accounts).

The platform includes over 100 technical indicators, multiple simultaneous chart layouts, an economic calendar, trader sentiment data, and Trading Central-powered market insights. There's no copy trading or social trading feature, and chart settings don't sync between the web and mobile apps.

Deposits and withdrawals

Minimum deposit is commonly cited as $100 (or around €50 in some markets), funded via debit/credit card, PayPal, Skrill, or bank transfer — Apple Pay and Trustly are also supported in some regions. There are no stated deposit fees.

Withdrawals go back to the original payment method where possible. E-wallet withdrawals (PayPal, Skrill) typically take three to seven working days and bank wire withdrawals up to five working days. Several independent reviews and user reports flag withdrawal delays and stricter-than-average verification checks as a recurring pain point, so first-time withdrawals should be expected to take longer than the stated window.

Customer support

Plus500 offers 24/7 support through live chat, email and (in some markets) WhatsApp, plus an extensive self-serve FAQ section. Independent monitoring found the company responds to the large majority of negative Trustpilot reviews, generally within about 48 hours, which points to an active support and reputation-management operation.

There's no published direct phone line or support email address that could be independently verified for this review, so check the in-app contact options for the channel relevant to your account's regulating entity.

Who is it for

Plus500 suits beginner and casual traders who want simple, spread-only CFD exposure to forex, indices, commodities, shares and crypto without wading through a complex platform. Its status as a listed, multi-regulated company adds reassurance for people wary of trusting funds to a broker with an opaque ownership structure.

It's a weaker fit for active or algorithmic traders who rely on MetaTrader, cTrader, copy trading, or tight raw spreads — those traders will find better tools and lower headline costs at ECN-style competitors. US residents specifically cannot trade CFDs with Plus500 and would instead need the separate Plus500 Invest (shares) or Plus500 Futures products.