scambrokersreview.com| Regulation | FCA, ASIC, CySEC, MAS, FMA New Zealand |
| Founded | 2008 |
| Min. Deposit | USD 100 |
| Platforms | Plus500 Platform (proprietary only) |
| Spread From | 0.8 pips EUR/USD |
Overview
Plus500 is an Israeli-founded CFD platform founded in 2008 and listed on the London Stock Exchange. Regulated in multiple jurisdictions, it offers a simple proprietary platform covering over 2,800 instruments. However, it is exclusively a CFD provider with no MetaTrader access and operates as a market maker.
Regulation and Safety
FCA licence 509909, ASIC, CySEC, MAS, and FMA New Zealand. LSE listing provides additional financial transparency. However, Plus500 is a market maker that profits when clients lose, creating an inherent conflict of interest acknowledged in its risk disclosures.
Trading Conditions
EUR/USD spreads from 0.8 pips with no commission on standard accounts. Dynamic spreads widen significantly during high volatility. No ECN or raw spread option. The platform is proprietary-only with no MT4 or MT5 support. CFD-only with no real asset ownership. Overnight funding rates apply.
Pros and Cons
- FCA regulated and LSE listed
- Simple platform suitable for beginners
- Over 2,800 CFD instruments
- No commission structure
- Regulated in five jurisdictions
- Market maker with conflict of interest
- Spreads widen significantly in volatility
- No MetaTrader or professional platform
- CFD-only, no real asset ownership
- Limited analytical tools
Verdict
Plus500 is a regulated but costly CFD platform best suited to casual traders who want simplicity over competitive execution. The market maker model and dynamic spread widening during volatility make it unsuitable for active or sophisticated traders.
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