Plus500 review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Plus500 suits UK and European retail traders who want one account covering stocks, etfs and forex in a single app. The UK arm is authorised by the Financial Conduct Authority, with FSCS up to GBP 85,000 behind UK balances and costs charged per trade rather than as a flat account fee.
Key facts
- Best for
- One account for retail trading across forex, shares, ETFs, options and crypto.
- Markets
- Stocks, ETFs, Forex, Options, Crypto (Source, checked September 26, 2026)
- Regulators
- Financial Conduct Authority, Cyprus Securities and Exchange Commission (Source, checked September 26, 2026)
- Investor protection
- FSCS up to GBP 85,000 (Source, checked September 26, 2026)
- Retail accounts that lose money
- 81% (Source, checked September 26, 2026)
- Platforms
- Plus500 WebTrader, Plus500 Mobile App (Source, checked September 26, 2026)
- Legal entity
- Plus500UK Ltd (Source, checked September 26, 2026)
- Support channels
- Chat, Email, Help-centre (Source, checked September 26, 2026)
- Features
- Demo account, Mobile app
- Official website
- plus500.com
Pros and cons
Pros
- Costs are charged per trade, with no account fee listed
- UK protection stands at FSCS up to GBP 85,000
- One account spans stocks, etfs and forex in the same app
- A demo account and a mobile app both sit in the feature list
Cons
- Losses run high at 81% of retail accounts
- Support runs on chat, email and help centre only, with no phone line
- Retail loss of 81% tops the site median of 70.15%
Who it suits
- UK retail traders wanting one app for several asset classes
- First-time traders who can practise on the demo account
- Traders who prefer one platform over several brokers
Who should look elsewhere
- Long-term investors wanting ISA or SIPP style accounts
- Traders wanting CFDs or futures, absent from stocks, etfs and forex
- Traders who want a phone line rather than chat, email and help centre
Who runs it
The UK arm trades as Plus500UK Ltd, authorised by the Financial Conduct Authority under 509909. A second entity is authorised in Cyprus by the Cyprus Securities and Exchange Commission under 250/14. Customer service runs on chat, email and help centre, so help is written and online rather than by phone.
How Plus500 compares
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9.4 vs 9.0
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Where Plus500 is available
- Available
- Everywhere except United States
- Licence in United Kingdom
- Financial Conduct Authority (509909), checked September 26, 2026
- Licence in Cyprus
- Cyprus Securities and Exchange Commission (250/14), checked September 26, 2026
Frequently asked questions
What does Plus500 cost to trade?+
Plus500 charges per trade rather than a flat account fee, and no account fee is listed for the brand. Retail loss figures sit high at 81%, so costs per trade matter more than an annual charge.
Is Plus500 regulated in the UK?+
Yes. The UK arm trades as Plus500UK Ltd and is authorised by the Financial Conduct Authority under 509909. A Cyprus entity is separately authorised by the Cyprus Securities and Exchange Commission under 250/14.
What protection do I get on my money?+
UK customer balances are covered by the scheme stated as FSCS up to GBP 85,000, which is the compensation cap the brand lists. The Cyprus entity is authorised separately, so the cover quoted here applies to the UK arm.
Which markets can I trade on Plus500?+
The listed markets are stocks, etfs and forex, so shares, ETFs, forex, options and crypto all sit in one account. The platform runs on Plus500 WebTrader and Plus500 Mobile App, which pairs a web trader with a mobile app.
Can I practise before I risk money?+
The feature list reads demo account and mobile app, so you can practise on a demo account before risking funds. That also means the practice account opens in stocks, etfs and forex without touching your balance.
How do I get help if something goes wrong?+
Support runs on chat, email and help centre, so questions are handled by chat, email or the help centre. There is no phone channel listed for Plus500, which matters if you need to talk someone through a live position.
How many retail accounts here lose money?+
Plus500 discloses that 81% of retail accounts lose money, which sits above the site median of 70.15%. Among the brokers compared here, retail losses run 40.3% to 88%, so most sit in the same high band.
Sources
- 500affiliates.com checked September 26, 2026
Backs: Investor protection, Legal entity, Markets, Regulators, Licences
“Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority”
- plus500.com/en-lv checked September 26, 2026
Backs: Features, Retail accounts that lose money, Support channels
“Try free demo”
- plus500.com/en-lv/aboutus checked September 26, 2026
Backs: Platforms
“operating proprietary technology-based trading platforms”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Stock trade fee, Account fee, Inactivity fee.
Related by the facts
Plus500
One account for retail trading across forex, shares, ETFs, options and crypto.