Plus500 Review 2026
Plus500 is a London-listed (FTSE 250), Haifa-headquartered CFD specialist with FCA, CySEC, ASIC, DFSA, MAS, FMA and FSCA coverage and a proprietary app rather than a MetaTrader-first model.
- 74 / 100
- Compliant
- Israel
- ASIC
- CySEC
- DFSA
- FCA
- FMA New Zealand
- MAS
- FSCA
- FSA Seychelles
- Min. Deposit
- $100
- Max. leverage
- 1:30 retail (UK/EU/AU)
- Spread From
- 0.6 pip
- Commission
- $0
- Trading platforms
- Plus500 webtrader and mobile apps.
Key features
- Parent listed on the London Stock Exchange
- Plus500UK Ltd FCA 509909
- Plus500CY Ltd CySEC 250/14
- Plus500AU Pty Ltd AFSL 417727
Regional coverage
Listed CFD brand with strong UK, EU, Australian, Singapore and UAE footprints. Spreads are variable (0.6 pip is Plus500's own EUR/USD example, not a guaranteed minimum). US residents can only access futures and event contracts through Plus500US, not forex CFDs. Not positioned as a raw-spread MT4 ECN.
Investor protection
UK clients of Plus500UK Ltd may access FSCS where eligible. CySEC clients may access ICF compensation up to EUR 20,000.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FMA New Zealand · License No. FSP486026
Plus500AU Pty Ltd · New Zealand
FSA Seychelles · License No. SD039
Plus500SEY Ltd · Global / International
Trading conditions
- Min. Deposit
- $100
- Spread From
- 0.6 pip Standard
- Commission
- $0
- Max. leverage
- 1:30 retail (UK/EU/AU)
- Islamic
- Yes
- Trading platforms
- Plus500 webtrader and mobile apps.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Islamic / swap-free accounts are published as available in supported regions.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Swap-free status is region-dependent, not a global default.
- MetaTrader is not the primary published stack — useful for some, a gap for EA users.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.