Plus500 Broker Review

Plus500 is a globally recognized broker that has been operating since 2008 and is publicly listed on the London Stock Exchange, part of the FTSE 250 index. It is licensed by top-tier regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), FSA (Japan), and more. In 2025, it expanded its reach by gaining licenses in both Canada and the UAE. This broad regulatory oversight gives Plus500 an excellent trust score. Plus500 is secured by SSL, and is safe in terms of protection against hackers.

Regulatory Body	Status
ASIC	Yes
CySEC	Yes
DFSA	Yes
EFSA	Yes
FCA	Yes
FMA	Yes
FSA (SC)	Yes
FSCA	Yes
FSC	No
JFSA	Yes
MAS	Yes
MiFID	No

Plus500CY Ltd is authorized & regulated by CySEC (#250/14)

Trading Platform and Tools

The Plus500 trading platform is praised for its clean, intuitive, and beginner-friendly design. It is available via web, desktop, and mobile apps, offering smooth trade execution, technical charting, sentiment tools, price alerts, and an unlimited demo account. However, it does not support third-party platforms like MetaTrader 4 or cTrader, limiting options for algorithmic and advanced traders. While customer support is available 24/7 through live chat and email, the lack of phone support may be a disadvantage for some users.

Trading Platform	Available
MT4	No
MT5	No
CTRADER	No
PROPRIETARY	Yes

Fees and Costs

Plus500’s pricing structure is transparent and cost-effective. CFD trading is commission-free, with the broker earning from spreads, while futures contracts (available to US citizens only) come with low, flat-rate commissions that are competitive compared to industry standards. There are no hidden fees for deposits, or withdrawals, which is attractive to many traders. That said, spreads can sometimes be wider than those of niche brokers, especially on commodities, and a liquidation fee may apply when margin requirements are not maintained.
You can learn more about the fees here: Does Plus500 charge any trading fees?

Assets and Markets

The broker provides access to a wide variety of instruments, including CFDs on stocks, forex, indices, commodities, cryptocurrencies, ETFs, and options, as well as futures contracts (available to US citizens only) across multiple asset classes. This broad range caters well to short-term and leveraged traders, though Plus500 is less suitable for long-term investors who want direct ownership of shares or ETFs.

Pros & Cons Summary

Strengths	Weaknesses
Very popular among traders	Platform lacks advanced features like MT4, cTrader, auto-trading—limiting for algorithmic or highly technical traders
User-friendly, intuitive platform available across devices	Spreads, especially on commodities, can be higher than specialized platforms
Cost-effective trading, especially for futures	Limited research, analytics, or newsflow in-platform
No hidden fees—zero on deposits, withdrawals, platform usage, additional fees may apply	Customer support lacks phone channel; some reports of occasional withdrawal delays or execution issues
Demo account with unlimited usage	CFDs are inherently high-risk; ~82% of retail accounts lose money
Appetite for expansion: recent licensing in Canada and UAE

Desktop & Mobile Platforms

Plus500 provides dedicated apps for both Android and iOS, giving traders full access to their accounts from smartphones and tablets. The apps are built to be fast, responsive, and easy to navigate, with tools that make monitoring markets and executing trades straightforward. Key functions such as live pricing, interactive charts, account management, and order placement are available in just a few taps, making them suitable for traders who need flexibility and the ability to act quickly when away from their computers.

Web Trading Platform

For those who prefer trading through a browser, Plus500 offers a fully web-based platform that requires no downloads or installations. The interface is clean and intuitive, allowing users to track real-time market movements, place and manage trades, and oversee their portfolio directly online. Because it runs on any modern browser, the web platform provides easy accessibility across different devices while maintaining reliability and functionality.

Platform	Available
Desktop Windows	No
Desktop Mac	No
Web Platform	Yes

Platform	Available
Android	Yes
iOS	Yes

Summary

Plus500 is a globally regulated broker known for its transparency, and accessibility. It is licensed by several top-tier financial authorities, giving it a strong reputation for safety and compliance. The platform is designed to be beginner-friendly with an intuitive interface, available through a web-based platform and fully functional mobile apps for Android and iOS. While it does not support third-party platforms like MT4 or cTrader, its proprietary system is fast, reliable, and easy to use

The broker offers a wide range of CFD instruments and futures contracts (available to US citizens only), with competitive spreads and low costs, plus the benefit of no hidden fees on deposits, or withdrawals. However, advanced traders may find its limited research tools, lack of algorithmic trading support, and absence of desktop apps restrictive.

Risk Warning: 82% 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.