80.6% of retail CFD accounts lose money

Legal Company NamePlus500 AU Pty Ltd
Year Founded2008
Offices LocationsIsrael
RegulatorsFSCA No.48500 FCA, ASIC, CySEC
Broker TypeMarket Maker
Minimum Deposit$100
Maximum Leverage300:1
Minimum Spread0.0 pips
Deposit & WithdrawalBank wire, Visa/Mastercard, Paypal, Skrill
Currency PairsN/A
Trading PlatformPlus 500
Web-based PlatformsYes
Mobile AppsYes
Plus500 is one of the leading names in CFD services & trading.  CFDs, including Forex CFDs, are the only products that Plus500 offers and it has a wide number of to offer clients.  With customer service available 24/7 and a full web-based platform, this is a good provider for those starting and keeping it simple.  With simplicity in mind, they have one account with a 100 USD minimum deposit requirement.  Plus500 keeps simplicity at the core of what it does in every way.

Account Types

There is no choice in accounts at Plus500, which makes me think that this is not the best provider for the professional or experienced trader. The more serious providers have accounts with tighter spreads should higher deposit requirements be hit.

That said, Plus500 offers a single account where a minimum first deposit of $100 is required to open the account.

Trading Platform

The platform offered by Plus500 is entirely web-based where they have tried to appeal to users who are new to trading and want to stay away from the complexity of setting up trading platforms.  And I think this approach has worked for them because of the years they have built a solid reputation within the community.

Cryptocurrency Trading

Cryptocurrency trading at Plus500 is an area where they have excelled. It is common for providers to offer USD Cryptocurrency pairs, but Plus500 has gone one step further to offer fully crypto pairs like Ethereum-Bitcoin (ETCHBTC).  I look forward to seeing more of these from Plus500.

USD crypto pairs offered are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Neo, Ripple, IOTA, Monero, and EOS.

A note on cryptocurrency spreads.  The spreads are much wider than traditional currency pairs due to the high risk of extreme market volatility.


Plus500AU Pty Ltd (ACN 153301681),  is licensed by ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets.

It is important to note that in Forex trading, you do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the Plus500 website for more details.

Spread and Leverage

The spread at Plus500 is variable with EURUSD spreads getting quite tight.  These spreads are dynamic and are not fixed.  Expect it to be higher in times of low liquidity, and for non-major currencies, it will be higher too.  They are always changing.

The leverage at Plus500 is up to 1:300.

Deposits and Withdrawals

Deposits and withdrawals are without commission at Plus500, but there can be fees in some cases.  Funding Methods include Credit Card, PayPal, Skrill, and bank wire.

The withdrawal process time is 3-7 days depends on the payment method.  Withdrawals are a little slower than can usually be expected at a provider, where most process the payment within the first working day.

Customer Support

Plus500 offers a 24/7 customer service, by email and online chat in 31 different languages.  The only way that I could see improvement on this is creating a phone line so clients can have a direct discussion with the customer service team.

Compare Plus500

Plus500 Vs. Pepperstone
FundingBank wire, Visa/Mastercard, Paypal, SkrillBank wire, Visa/Mastercard, Skrill, Neteller and many more
RegulatedFSCA No.48500 FCA, ASIC, CySECASIC (AFSL No. 424008), FSCA No.43906, CySEC
Broker TypeMarket MakerMarket Maker
Currency PairsN/A50+
Minimum Spread0.0 pips0.4 pips
Minimum Deposit$100$100
Max Leverage300:1300:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Plus500Visit

Plus500 Vs. ICmarkets

FundingBank wire, Visa/Mastercard, Paypal, SkrillCredit Card, Bankwire, POLi, Paypal, Neteller, Skrill & Many More
RegulatedFSCA No.48500 FCA, ASIC, CySECASIC (AFSL No. 335692)
Broker TypeMarket MakerECN
Currency PairsN/A65+
Minimum Spread0.0 pips0.0 pips
Minimum Deposit$100$200
Max Leverage300:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Plus500Visit ICmarkets


If you are a CFD/Forex trader starting, and you want to keep it simple and, on your browser, Plus500 is good for you.  If you expect phone contact with a provider and more traditional software like MetaTrader, then it is best that you seek other a different setup.  On the plus side, the spreads are very tight for being a market-making provider.

Plus500 logo

Product Name: Plus500

  • Trading Conditions
  • Platform Choice
  • Regulation & Oversight
  • Customer Support


  • ASIC Regulated
  • Customer Service is 24/7
  • Beginner friendly


  • Market Maker
  • Not your typical broker – it is a CFD Service
  • Customer support is very robotic and not personal
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80.6% of retail CFD accounts lose money

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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