Plus500EE AS appears on Estonian Financial Supervision and Resolution Authority's register. Matched on the company name, which is the only identifier this register publishes, so the licence number quoted here (4.1-1/18) could not be checked against it. Estonian Financial Supervision and Resolution Authority publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. Estonia's Financial Supervision Authority lists the investment firms it licenses by name only; a firm whose licence ended moves to its list of closed firms.
MAS
Plus500SG Pte Ltd appears on Monetary Authority of Singapore's register. Matched on the company name, which is the only identifier this register publishes, so the licence number quoted here (CMS100648) could not be checked against it. Monetary Authority of Singapore publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. MAS issues no licence number — a Capital Markets Services licence is identified by the licensee's name — so a 'MAS licence number' shown on a broker's site is its company registration number and not an authorisation. The directory marks firms that are ceasing but gives no positive status for the rest.
SCB
PLUS500BHS Ltd appears on Securities Commission of The Bahamas's register. Matched on the company name, which is the only identifier this register publishes, so the licence number quoted here (SIA-F250) could not be checked against it. Securities Commission of The Bahamas publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. The Securities Commission of The Bahamas publishes its licensees as a monthly PDF list carrying neither licence numbers nor any status, so a SIA-F number quoted by a broker cannot be checked against it.
FSA
Plus500SEY Ltd appears on Financial Services Authority's register. Matched on the company name, which is the only identifier this register publishes, so the licence number quoted here (SD039) could not be checked against it. Financial Services Authority publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. The Seychelles FSA publishes neither licence numbers nor firm status. A firm that loses its licence is simply removed from the list, on no published schedule.
JFSA
Plus500JP Securities Ltd appears on Japan Financial Services Agency's register (licence 関東財務局長(金商)第156号). Japan's Financial Services Agency publishes no status field and updates its list monthly, so a deregistration can take about a month to show. Registration numbers restart at 1 in each regional bureau, so a number means nothing without the bureau that issued it.
UAE CMA
Plus500Gulf Securities L.L.C appears on Securities and Commodities Authority's register (licence CP-0001317). The UAE's Securities and Commodities Authority publishes a company code rather than a licence number, and its status field reads the same for every listed company. A listing confirms the company is licensed by the SCA; it does not show which activities it may perform, and the majority of SCA licensees are not permitted to broker derivatives or spot foreign exchange.
ISA
Plus500IL Ltd appears on Israel Securities Authority's register. Matched on the company name, which is the only identifier this register publishes, so the licence number quoted here (515233914) could not be checked against it. Israel Securities Authority publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. Israel's Securities Authority licenses a small number of trading arenas and issues no licence number for them; its register has only ever shown a single status value, so a listing shows presence rather than confirmed standing.
Plus500 earns an EF Score of 7.0/10. Its regulatory credentials are exceptional, with 15 verified licences from 16 regulators and a London Stock Exchange listing. However, a proprietary-only platform and limited research tools leave experienced traders wanting more. Strong on trust, weaker on depth.
Pros
✓Licensed across 16 regulatory authorities on multiple continents
✓Zero commissions on CFD trades (spread-only)
✓Free deposits and withdrawals (no Plus500 fees on the CFD platform)
✓Free demo account with unlimited virtual funds
✓Proprietary platform on web, iOS, and Android
Cons
✗No MetaTrader 4 or MetaTrader 5 support
✗USD 10/month inactivity fee after three months
✗Currency conversion fee up to 0.7%
✗Minimum deposit amount not publicly disclosed
How we reviewed Plus500: This review was researched using EngineForex's broker review methodology: we read every relevant page of the broker's website, verified each claimed licence against the issuing authority's public register (FCA Connect, ASIC Connect, CySEC register, and others), checked Trustpilot ratings live, and cross-referenced data across at least two independent sources. Spreads, fees, and leverage figures are pulled directly from the broker's published pages. For the full methodology, see EngineForex's "How We Review Brokers" page. Read our full methodology →
Level 01 / 09▸ Overview
Overview
Captured November 2026, us.plus500.com
Plus500 is a CFD and futures trading provider founded in 2008. Its parent company, Plus500 Ltd, has been listed on the London Stock Exchange since 2008 (AIM admission), which means it must meet the disclosure and corporate governance standards that public listing demands. The group is headquartered in Haifa, Israel, and operates through regulated subsidiaries with offices in Sydney, Limassol, Dubai, Singapore, Toronto, and North York, Canada, among other locations.
The product offering covers retail and professional CFD trading across forex, stocks, indices, commodities, cryptocurrencies, and options. Plus500 acts as the counterparty to client CFD trades (a market-maker / dealing-desk model, meaning Plus500 takes the other side of your trade rather than routing it to an external liquidity provider), as stated in its own risk disclosures.
A separate US subsidiary, Plus500US Financial Services LLC (doing business as Plus500), operates as a Futures Commission Merchant registered with the CFTC and an NFA Member (NFA ID 0001398), providing access to exchange-traded futures.
One decision shapes the entire Plus500 experience: the platform is built entirely in-house. There is no cTrader option, no third-party charting suite, with the platform built around proprietary technology rather than third-party software such as MetaTrader, giving Plus500 tight control over its own development.
Plus500 controls every pixel of the interface and every millisecond of execution. That gives the company tight control over user experience, but it also means you cannot bring your own tools, indicators, or Expert Advisors.
From a practical standpoint, traders who have built workflows around third-party platforms will need to start from scratch here, and that is a meaningful consideration before committing.
Who this is for: self-directed traders who value regulatory accountability, a clean mobile-first interface, and broad multi-asset CFD coverage, and who are willing to accept the trade-off of a proprietary-only platform to get it.
Level 02 / 09★ Safety
Trust & Regulation
Captured November 2026, us.plus500.com
Plus500 earns a trust score of 96/100 (Grade A). That score is built on 15 verified licences spanning 16 separate regulatory authorities, including several of the world's most demanding financial regulators.
The broker's public listing on the London Stock Exchange adds a layer of corporate transparency that privately held brokers simply cannot replicate: audited financials, board disclosures, and scrutiny from institutional investors are ongoing obligations, not optional gestures. In my view, this combination of multi-jurisdictional licensing and public-company accountability is the single strongest argument for choosing Plus500.
What licences does Plus500 hold?
Plus500 holds 15 licences from 16 regulators.
Plus500AU Pty Ltd, ASIC AFSL 417727: Australian clients. Verified on the register, 21 October 2026.
Plus500US Financial Services LLC, NFA ID 0001398: US clients. Verified on the register, 21 October 2026.
Plus500UK Ltd, FCA FRN 509909: UK clients. Verified on the register, 18 September 2026.
Plus500SG Pte Ltd, MAS CMS100648: Singapore clients. Verified on the register, 21 October 2026. The register publishes no licence numbers, so CMS100648 is the broker's own figure.
Plus500CA Ltd, CIRO: Canadian clients. Verified on the register, 26 October 2026.
Plus500JP Securities Ltd., JFSA 関東財務局長(金商)第156号: Japanese clients. Verified on the register, 21 October 2026, listed as "Plus500JP Securities Ltd.".
Plus500CY Ltd, CySEC CIF 250/14: EU clients. Verified on the register, 18 September 2026.
Plus500EE AS, EFSA 4.1-1/18: Estonian clients. Verified on the register, 18 September 2026, listed as "Plus500EE AS". The register publishes no licence numbers, so 4.1-1/18 is the broker's own figure.
Plus500AE Ltd, DFSA F005651: clients in the DIFC (Dubai). Verified on the register, 21 October 2026.
Plus500Gulf Securities L.L.C., UAE CMA CP-0001317: UAE clients. Verified on the register, 21 October 2026.
Plus500IL Ltd, ISA 515233914: Israeli clients. Verified on the register, 21 October 2026, listed as "פלוס500ישראל בע"מ". The register publishes no licence numbers, so 515233914 is the broker's own figure.
Plus500AU Pty Ltd, FMA FSP486026: New Zealand clients. Register read by hand, 26 October 2026.
Plus500AU Pty Ltd, FSCA FSP 47546: South African clients. Verified on the register, 21 October 2026.
Plus500BHS Ltd, SCB SIA-F250: international clients. Verified on the register, 21 October 2026, listed as "Plus500BHS Ltd". The register publishes no licence numbers, so SIA-F250 is the broker's own figure.
Plus500SEY Ltd, FSA Seychelles SD039: international clients. Verified on the register, 21 October 2026, listed as "Plus500SEY Ltd". The register publishes no licence numbers, so SD039 is the broker's own figure.
Not confirmed on the register: Plus500 states it is regulated by Ontario Securities Commission. We do not currently check Ontario Securities Commission's register, so this registration is recorded as claimed and has not been verified against it.
Client Fund Protection
Plus500 segregates client funds from corporate capital across all regulated entities. Your deposits sit in separate bank accounts and, in the event of insolvency, should not form part of the company's general estate.
The strength of your safety net depends entirely on which Plus500 entity holds your account. Under Plus500UK Ltd (FCA, FRN 509909), eligible retail clients benefit from the Financial Services Compensation Scheme, covering up to £85,000 per eligible claimant.
Under Plus500CY Ltd (CySEC, CIF 250/14), the Investor Compensation Fund covers up to €20,000 per eligible client (90% of the covered claim, capped at that ceiling).
Under Plus500AU Pty Ltd (ASIC, AFSL 417727), no statutory retail investor compensation scheme applies to OTC derivatives. Entities regulated in the Bahamas and Seychelles also lack formal deposit compensation mechanisms.
Negative balance protection. Under FCA and CySEC rules, retail clients receive mandatory negative balance protection, meaning your account cannot fall below zero. This safeguard does not necessarily extend to entities regulated outside the EU/UK, such as the Bahamas or Seychelles subsidiaries.
This matters because two traders using "Plus500" may have vastly different protections depending on which subsidiary onboarded them.
Company History and Reputation
Plus500 was founded in 2008. Its London Stock Exchange listing (AIM, 2013) subjects it to ongoing disclosure and corporate governance requirements that add a degree of public accountability. In 2012, the then-FSA (now FCA) imposed a fine of £205,128 on the company.
The FCA has also warned about an unauthorised entity called "Plus 500 Pro," which is unrelated to the regulated group.
On Trustpilot, Plus500 holds a 4.2/5 rating from over 20,000 reviews, with praise centring on the intuitive interface and demo account, while negative feedback focuses on payment processing and customer service responsiveness. Mobile app ratings reinforce the positive side: 4.7/5 from approximately 11,000 ratings on the Apple App Store and 4.4/5 from approximately 127,000 reviews on Google Play.
On Reviews.io, the rating drops to 1.2/5 from 133 reviews, though a substantial portion of those submissions appear to be third-party "recovery service" spam rather than genuine user experiences.
Reddit threads and a Facebook group of 836 members contain allegations of withdrawal delays, account restrictions following profitable trading, and perceived spread manipulation. These allegations have not been substantiated by regulatory findings, but they represent a recurring pattern that prospective clients should weigh alongside the broker's strong regulatory standing.
EngineForex Trust Score
Plus500: 96/100 (Grade A)
Component
Score
Note
Regulator tier coverage
40/40
7 tier-1 licences
Number of regulators
15/15
16 regulators
Years of operation
15/15
18 years (10+)
Trustpilot rating
16/20
4.2/5
Trustpilot review volume
10/10
20,272 reviews (1000+)
*Computed deterministically from verified register reads, founding year, and live Trustpilot data. See EngineForex's "How We Review Brokers" for the full methodology.*
Spread-only model; EUR/USD quoted live at 0.8 pips on 11 Nov 2026; USD 10/month inactivity fee after 3 months; no commissions on CFDs.
Platforms & Tools
4.0/10
Proprietary-only platform on web, iOS, and Android; no MT4, MT5, or cTrader; TradingView limited to the US futures entity.
Research
6.0/10
Economic calendar, +Insights sentiment tool, market news, and Trading Academy articles; no Trading Central or AutoChartist integration.
Education
6.0/10
Trading Academy with articles and videos, free webinars in select regions, and unlimited demo account; no structured course progression.
Customer Support
6.0/10
24/7 email, live chat, WhatsApp; phone Monday to Friday 09:00 to 19:00; 30+ languages on platform; no 24/7 phone line.
Mobile Experience
8.0/10
Native iOS and Android apps with 100+ indicators, +Insights, alerts; FXEmpire 2025 Best Mobile Trading App award.
Tradable Instruments
10.0/10
CFDs across forex, indices, commodities, shares/ETFs, crypto, plus US exchange-traded futures and options on futures.
Sponsored
★ Cost Score
Level 03 / 09◆ Fees
Fees & Spreads
Captured November 2026, plus500.com
The fee model at Plus500 is built on a simple principle: no dealing commissions, with the broker's compensation embedded in the spread. That simplicity is attractive on the surface. Dig into the ancillary charges, and the picture grows more layered.
What are Plus500's spreads?
Plus500's spreads are variable and change by instrument and market conditions. The broker offers a single retail CFD account type with no raw-spread or ECN tier. All pricing flows through the marked-up spread.
Spreads widen in low liquidity or high volatility, so expect wider pricing outside peak hours and around major news events.
Guaranteed Stop Orders on the CFD platform result in a wider spread whose premium varies by instrument.
What are the overnight funding and swap fees?
An overnight funding amount is added to or subtracted from your account when you hold a CFD position past the designated Overnight Funding Time. The daily rate varies by instrument.
For non-share CFDs, the formula is: Trade Size multiplied by Position Opening Rate multiplied by Point Value multiplied by Daily Overnight Funding %. For share CFDs, the Position Opening Rate is replaced by the Daily Close Rate.
A currency conversion fee of up to 0.7% of the trade's realised net profit and loss applies when you trade instruments denominated in a currency different from your account currency.
Does Plus500 charge an inactivity fee?
An inactivity fee of up to USD 10 per month is levied if you do not log in for at least three consecutive months. Simply opening the app or website and authenticating resets the counter.
Plus500 charges no fees for deposits or withdrawals on its CFD platform. On the futures platform, the first withdrawal each calendar month is free; additional withdrawals incur a 1.75% fee (minimum $1, maximum $150).
Level 04 / 09▶ Platforms
Platforms
Captured November 2026, financialservices.plus500.com
Plus500 bets everything on its proprietary platform. There is no MetaTrader 4, MetaTrader 5, or cTrader integration.
Charting and analysis tools. The platform provides advanced charting with 100+ technical indicators, flexible price alerts, and the +Insights feature, which surfaces real-time trading trends derived from millions of Plus500 trades. You can trade in both directions with Take Profit, Stop Loss, and guaranteed stop orders (where available). An unlimited demo account with live market quotes is included.
TradingView integration. For US futures only, TradingView is available via the futures platform, with order routing handled by Plus500 Futures Technologies (formerly CTS). This does not extend to the CFD side.
Automation. Expert Advisors and custom algorithmic scripts are not supported. If algorithmic or systematic trading is central to your strategy, this is a dealbreaker.
Industry recognition. The platform earned the FXEmpire 2025 Best Mobile Trading App, ForexBrokers 2025 Best in Class Ease of Use, and ADVFN 2025 Best Provider Global Trading awards.
Plus500 operates a proprietary trading platform on web, iOS, and Android, with no MetaTrader 4, MetaTrader 5, or cTrader support.
The US entity hosts a Trading Academy with free educational videos and articles covering basics through advanced futures topics.
Level 05 / 09▸ Instruments
Tradable Instruments
Plus500 offers CFDs across several major asset classes, including forex pairs, stock indices, commodities, shares, ETFs, cryptocurrencies, and options, though the broker does not publish exact instrument counts for most categories on its website. In the United States, the product offering differs significantly: futures and options are available rather than CFDs.
Indices - CFDs based on major global stock index futures are offered, including the S&P 500, Nasdaq 100, USA 30 (Dow Jones), USA 2000 (Russell 2000), NYSE FANG+ Index, VIX Volatility Index, and regional indices like the S&P/TSX. The total number of index CFDs is not published.
Shares and ETFs - Share CFDs, including names like Apple and cannabis-sector stocks, are listed under the popular shares category. No total share or ETF count is published.
Cryptocurrencies and Bonds - Plus500 has historically listed crypto and bond CFDs, but specific counts are not confirmed in current disclosures.
One important caveat: the instruments you can access depend on your regulatory entity. Pricing, including buy/sell spreads, varies by jurisdiction, and certain products (such as CFDs themselves) are unavailable to US-based clients, who instead access futures and options.
Plus500 keeps its account structure deliberately simple. No Standard, Premium, or VIP tiers with differentiated fee levels. No raw-spread option. Every live trader accesses the same spread-based pricing.
Feature
Real Money Account
Demo Account
Purpose
Trade with real funds
Practice trading with real-time price quotes
Minimum Deposit
Not publicly disclosed
None (free)
Spreads
Marked-up spread-only model
Mirrors live spreads
Commission
Not applicable (revenue embedded in spreads)
None
Maximum Advertised Leverage
Varies by entity: up to 1:30 for retail clients under FCA (FRN 509909), CySEC (CIF 250/14), and ASIC (AFSL 417727); up to 1:20 under MAS (CMS100648); up to 1:10 under JFSA; potentially higher under Bahamas and Seychelles entities
Same leverage ratios as live
Virtual Funds
N/A
Unlimited, adjustable, and resettable
Market Data
Real-time quotes
Real-time quotes identical to the live environment
The free demo account provides unlimited virtual funds under real market conditions. The virtual balance can be reset at any time.
The platform presents two modes: a Real Money account and a Demo account.
Sponsored
Level 07 / 09▸ Deposit
Deposits & Withdrawals
Plus500 does not publicly disclose deposit or withdrawal methods, processing times, or minimum amounts on any externally accessible page. Every deposit, payments, and withdrawal page redirects unauthenticated visitors to a login screen.
Detail
CFD Platform
Futures Platform
Deposit fees
$0
Not publicly disclosed
Withdrawal fees
$0
First per month free; then 1.75% (min $1, max $150)
Processing times
Not publicly disclosed
Not publicly disclosed
KYC required
Yes
Yes
Payment methods, supported currencies, and processing times are visible only after you log in. This lack of pre-registration transparency around funding logistics is a notable gap. Expect identity verification (government-issued ID and proof of address) before deposits are credited or withdrawals are processed.
Level 08 / 09▶ Education
Research & Education
Plus500 offers a Trading Academy with free educational videos and articles spanning basics through advanced topics, including dedicated futures content via the US entity. The broker also provides a Trading Guidebook, a Traders Guide, an Economic Calendar, and price Alerts.
In certain regions, free webinars, live sessions, and market analysis are available.
Where Plus500 falls short is in ongoing analytical depth. There is no published daily or weekly written market commentary from an in-house analyst team, no structured trading signals, and no proprietary research reports.
The content leans toward onboarding newer traders rather than delivering sustained fundamental or technical analysis. For traders whose edge depends on timely macro or technical commentary, this gap is worth noting.
Level 09 / 09★ Support
Customer Support
Plus500 provides human-agent customer service via live chat as the primary channel, alongside phone support (Monday to Friday, 09:00 to 19:00, excluding weekends and public holidays). The platform interface supports 30+ languages including English, Arabic, Deutsch, Français, Español, Italiano, Hebrew, Türkçe, Japanese, Simplified Chinese, Traditional Chinese, and Bahasa Indonesia.
The US entity advertises 24/7 customer support, which differs from the weekday schedule available through other entities. Plus500 does not publish response-time benchmarks or a formal complaint-handling procedure on its main pages.
▸ Our Verdict
Our Verdict on Plus500
EF SCORE
7.0 /10
Plus500 earns an EF Score of 7.0/10, placing it in the strong tier. The score is driven upward by exceptional regulatory breadth and pulled down by platform limitations, incomplete cost transparency, and thin analytical resources.
The broker's greatest asset is trust. With 15 verified licences from 16 regulators, spanning the FCA (FRN 509909), CySEC (CIF 250/14), ASIC (AFSL 417727), and NFA (0001398), Plus500 operates under some of the strictest supervisory regimes available, and Plus500 Ltd's London Stock Exchange listing adds corporate-level accountability.
The Investments pillar is scored 5/5 in the category breakdown, reflecting wide CFD and futures coverage.
Platforms (2/5) is the weakest area. Proprietary-only means no MetaTrader or cTrader support, which limits charting depth, automated strategies, and the ability to customise your workspace.
Fees (3/5) reflects a spread-only model with no raw-spread accounts; overnight funding costs remain opaque until you log in, a currency conversion fee of up to 0.7% applies, and a USD 10/month inactivity fee is charged after three months of no login. Research (3/5) indicates limited analytical tools for traders who rely on in-depth fundamental or technical analysis.
Education (3/5) and Support (3/5) are adequate without being distinctive. Mobile (4/5) is a bright spot, reflecting Plus500's app-centric design philosophy.
Best for: traders who prioritise regulatory security and want a straightforward, mobile-first interface for CFD or futures trading across a wide range of markets.
Skip if: you depend on advanced charting, algorithmic trading via third-party platforms, or detailed in-house research and analysis.
Steffen Droell is the chief editor of Engine Forex. He set the scoring methodology every broker on the site is measured against, and he signs off on each review before it publishes, including checking every licence number against the regulator's own public register.
Yes. A fee of up to USD 10 per month is levied if you do not log in for at least three consecutive months. It is charged monthly thereafter until you log in again. The amount is capped at the remaining available balance and collected only from Real Money accounts with sufficient funds. Logging in resets the counter.
Plus500 does not publicly disclose a universal minimum deposit on any unauthenticated page; deposit, payments, and withdrawal pages all require login. Specific methods, processing times, and minimums are available only after account creation and authentication.
Plus500 offers two account modes: a Real Money account for live trading and a Demo account for risk-free practice with virtual funds. No distinct named tiers (Standard, Premium, VIP) with differentiated fee structures are publicly listed. A single standard account structure, compensated through the spread, applies uniformly. For the AE jurisdiction, an Islamic (swap-free) account is available, replacing overnight funding with a tiered daily administrative fee ranging from $2/day (positions up to $1,000) to $30/day (positions exceeding $500,000).
Plus500 Ltd, the parent company listed on the London Stock Exchange since 2013, is headquartered in Haifa, Israel. The group operates through subsidiaries worldwide, including Plus500CY Ltd in Limassol (Cyprus), Plus500AU Pty Ltd in Sydney, Plus500CA Ltd in North York (Ontario), Plus500SG Pte Ltd in Singapore, and Plus500Gulf Securities L.L.C in Dubai, among others.
