Plus500 overview
In short: Plus500 – conditions, pros and cons and how it works. Full details, terms and tips on AllForexRating. Full details, terms and tips on AllForexRating.
This plus500 review looks at what the broker offers, how its trading conditions work and where the main risks lie. We cover the company profile, regulation, account types, spreads and leverage, platforms, payment methods and support. The aim is to help you judge whether plus500 fits your trading style before you deposit any money.
Before you open an account, check the broker's licence in the official FCA Financial Services Register.
Plus500 Overview: Company Background and Regulation
Who Operates Plus500
Plus500 is listed in our database as a broker, and it has been operating since 2010. The legal entity named on the company's materials is Plus500UK Ltd, with its address at 78 Cornhill, London EC3V 3QQ. Knowing which entity runs your account matters, because the protection you receive depends on the regulator that covers that entity.
The firm supports expert advisors and offers copy trading, so it appeals to traders who want automated strategies or who prefer to follow other accounts. Bitcoin and crypto-linked products are also part of the range, which we cover in the assets section below.
Regulation and Safety Checks
Our database lists licences under several regulators, including the FCA, CySEC, MAS, ASIC, FMA, and others such as AFSL, FSP and IE. Each licence applies to a specific region and entity, so a regulator name alone does not tell you which rules protect you. Confirm the exact entity and licence on the regulator's own register before you transfer funds.
A few simple checks can help you verify the broker's status:
- Search the company name and licence number on the regulator's official website.
- Confirm which legal entity appears in your client agreement.
- Read how client money is held and whether compensation schemes apply in your country.
Plus500 Account Types and Base Currencies
Our reference data lists a Standard account with a figure of 100 and a Mini account with a figure of 10. The unit behind these numbers is not stated in our database, so confirm the minimum deposit, lot size or other requirement on the official website before you fund an account.
Accounts can be held in a range of base currencies, including USD, AED, EUR, AUD, GBP, CHF, JPY, NZD and CAD. Choosing a base currency that matches your main deposit currency can reduce conversion costs, so compare the options available to your country before you sign up.
Trading Conditions: Spreads, Leverage and Fees
Spreads on plus500 depend on the instrument you trade. The broker uses both fixed and dynamic spread types, and the pip spread on major currency pairs varies by instrument type. The same applies to the number of digits quoted after the decimal point, so check the contract specifications for each market before placing a trade.
Maximum leverage is listed at 1:300, but the figure carries an asterisk in our data, which signals that the leverage available to you may be lower depending on your location, entity and the instrument. Higher leverage increases both potential gains and potential losses, so treat the maximum as a ceiling rather than a default.
Key Conditions at a Glance
| Condition | What our data shows |
|---|---|
| Spread type | Fixed and dynamic, depending on the instrument |
| Pip spread on majors | Depends on the instrument type |
| Maximum leverage | 1:300 (subject to restrictions) |
| Expert advisors | Supported |
| Copy trading | Supported |
Trading Platforms and Available Markets
Plus500 supports the MT4 and MT5 platforms, which many traders already know from other brokers. The range covers desktop and mobile versions, plus tools for managing several accounts.
- MT5 for PC and MT4 for PC
- MT4 Multi Terminal and Multi Account Manager
- MT4 for iPhone, iPad and Android
The asset list includes forex, cryptocurrencies, metals, commodities, oil, CFDs, indices and shares. Not every market is available in every region, so check the product list in your account before planning a strategy around a specific instrument.
Deposits and Withdrawals
The broker accepts a wide choice of funding methods, including bank wire, debit and credit cards, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay, FasaPay and China UnionPay, among others. Methods available to you depend on your country and account currency.
Fees and processing times differ by method, and some providers charge their own costs on top of the broker's terms. Read the funding section of the official website before you deposit, and keep records of each transfer for your accounts.
Customer Support and Language Options
The trading platform is offered in 32 languages, which makes it easier for non-English speakers to follow prices and order screens. Customer support is available in 12 languages. Test response times before you rely on support during a time-sensitive situation, such as a funding problem or a platform outage.
Plus500 features & services
| Company | Plus500 |
|---|---|
| Address | Plus500UK Ltd, 78 Cornhill | London EC3V 3QQ |
| Headquarters | Plus500UK Ltd, 78 Cornhill | London EC3V 3QQ |
| Registration | https://www.plus500.com/ |
| Expert advisors | Yes |
Plus500 Pros and Cons
Advantages
- A long operating history, with the company founded in 2010.
- Regulation under several recognised authorities, subject to checking the specific entity.
- Support for MT4 and MT5 on desktop and mobile devices.
- Expert advisors and copy trading are available.
- A broad range of assets, from forex and metals to indices and shares.
- Support offered in 12 languages and a platform available in 32.
Drawbacks
- Spreads and pip costs vary by instrument, so comparing costs takes extra work.
- Leverage of up to 1:300 can magnify losses as well as gains.
- Deposit and withdrawal costs depend on the payment method chosen.
- Overnight financing and other account charges can reduce returns on positions held for longer periods.
- Available products and leverage differ by region, which can confuse new clients.
Who Plus500 Is Best For
Plus500 suits traders who already use MT4 or MT5 and want to keep the same tools across devices. It also fits those who want to test automated strategies or copy experienced traders. Active traders who watch instrument-level spreads closely will get the most from the offering.
Beginners should take more time. The number of instruments and the variety of conditions can be overwhelming, so start with a demo account if one is available and move to small positions only once you understand the costs.
Plus500 Final Verdict
Plus500 offers a broad product range, familiar platforms and a long track record, which makes it a serious option for many retail traders. The main questions concern costs and leverage, and these depend on the instrument, entity and payment method. Compare the official conditions against other providers listed on our all forex brokers compared page before deciding.
Trading CFDs and forex carries a high risk of losing money quickly because of leverage, so only risk capital you can afford to lose.
Frequently Asked Questions About Plus500
Is Plus500 regulated?
Our database lists licences under several regulators, including the FCA, CySEC, MAS, ASIC and FMA. The protection you receive depends on the specific entity that holds your account. Check the licence on the regulator's register before you deposit.
What is the maximum leverage on Plus500?
The maximum leverage listed is 1:300, but the figure is subject to restrictions. The leverage available to you can depend on your location, entity and the instrument you trade. Confirm your exact limit in the account terms.
Which trading platforms does Plus500 support?
The broker supports MT4 and MT5 for PC, MT4 Multi Terminal, Multi Account Manager, and MT4 apps for iPhone, iPad and Android. Expert advisors are supported on these platforms. Check which versions are available in your region.
Which payment methods can I use?
Common options include bank wire, debit and credit cards, Skrill, Neteller, OKPay, Payza and China UnionPay. Availability depends on your country and base currency. Review the fees and processing times for each method on the official website.
Plus500 combines a long operating history, recognised regulation and familiar MT4 and MT5 tools. Its costs and leverage need careful reading, especially across different instruments and regions. Review the official terms, test the platform on a demo account if one is offered, and make your decision based on your own risk tolerance.
Related on AllForexRating
Plus500 trading conditions 2027
| Digits after the dot | depends on the instrument type |
|---|---|
| Minimum position size | depends on the instrument type |
| Pip spread on majors | depends on the instrument type |
| Spread type | fixed and dynamic, depends on the instrument type |
| Maximum leverage | 1:300* |
| ECN / STP | 500 |
| Standard account | 100 |
| Mini account | 10 |
| Payment methods | Bank wire, Debit/Credit Card, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay , FasaPay, China Union Pay and More |
| Account currencies | USD, AED, EURO, AUD, GBP, CHF, JPY, NZD, CAD, CAD and More |
| Available assets | Forex, Cryptocurrencies, Metals, Commodities, Spot, Oil, CFDs, Indexes, Shares, Indices |
| Languages | platform is offered in 32 languages. Support is offers in 12 different languages |
| Platforms | MT5 for PC, MT4 for PC, MT4 Multi Terminal, Multi Account Manager, MT4 for iPhone (iOS), MT4 for Android, MT4 for iPad (iOS), MT4 for Android |
| Broker type | Broker |
| Regulation | Cyprus |
| Founded | 2010 |
| Copy trading | Yes |
| Bitcoin trading | Yes |
Plus500 reviews from traders
No reviews yet. Have you traded with Plus500? Be the first to share your experience.