Plus500 review
Founded in 2008, Plus500UK Ltd · Companies House 07024970
Authorised by the FCAFRN 509909on the register since 29 Jun 201012 clone firms on the register
At the centre of our Plus500 review is Plus500UK Ltd, which has held FCA authorisation since 29/06/2010 under reference 509909. The broker was established in 2008 and offers more than 2800 forex and CFD markets. A warning states that 76% of retail accounts lose money, while you'll also receive negative balance protection and client money permissions.
- Regulatory status
- Authorised, FRN 509909
- Loss-making retail accounts
- 76% (read on 2 Nov 2026)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading CFDs with this provider, 76% of retail investor accounts lose money. You should consider whether you can afford the high risk of losing your money and understand how CFDs work.
Plus500's own wording, read 2 Nov 2026, appears on plus500.com.
How Plus500 compares on loss rate with the wider field
Where Plus500 stands on the FCA register
It holds client money. The FCA, FRN 509909, has authorised Plus500UK Ltd since 29 Jun 2010.
| Firm | Plus500UK Ltd |
|---|---|
| FRN | 509909 |
| Status | Authorised |
| Authorised since | 29 Jun 2010 |
| Companies House | 07024970 |
| Address on the register | London, EC2R 7HJ, UNITED KINGDOM, at 8 Angel Court on Copthall Avenue |
| Website on the register | https://www.plus500.com/en/ |
Clone firms on the register
This firm's name or details are used by 12 clone firms on the FCA register., and none of them is Plus500UK Ltd.
- Tradovest/Tradeoveston the register from 07 Jun 2018
- The FCA Authorised firm clone Forex-max was added on 10 Mar 2022.on the register from 10 Mar 2022
- Added 18 Dec 2020, this entry covers FRCM Mangement / Finance Reserves and is a Clone of FCA authorised firms.on the register from 18 Dec 2020
- The entry for Plus-500 (Clone of FCA authorised firm) was added 01 Feb 2021.on the register from 01 Feb 2021
- The Fx Plus500 entry was added on 12 May 2023 as a Clone of FCA Authorised Firm.on the register from 12 May 2023
- Date added 06 Nov 2023: www.plus500un.com, a clone of an FCA Authorised firm.on the register from 06 Nov 2023
- Date added 10 Nov 2021: Investor500, listed as a Clone of FCA authorised firm.on the register from 10 Nov 2021
- Date added 13 Jan 2023: Gatebits, listed as a Clone of FCA Authorised Firm.on the register from 13 Jan 2023
- The register added Zoom-Bit on 06 Feb 2023 as a clone of FCA authorised firm.on the register from 06 Feb 2023
- Date added 24 Mar 2023: Zoom Bit / zoom-bit.com, a Clone of FCA regulated firm.on the register from 24 Mar 2023
- Date added 08 Aug 2024: p500.io / plus500v.com, a Clone of FCA authorised firm.on the register from 08 Aug 2024
- Plus 500 UKon the register from 26 Apr 2012
Check that you are on the genuine website
The register shows www.plus500.com/en for Plus500UK Ltd's website. Enter the address yourself rather than using links from adverts, emails or messages, then confirm FRN 509909 on the firm entry.
Taken from the FCA Financial Services Register, read 2 Nov 2026.
Other fees
| Inactivity | A monthly fee of up to USD 10 applies after at least three months without login. |
|---|---|
| Currency conversion | On realised net profit and loss for a trade, the charge may be as much as 0.7%. |
| Deposits | none charged by Plus500 |
| Withdrawals | free (We Don’t Charge Deposit and Withdrawal Fees); charges may apply if you withdraw less than the stated minimum |
Sources: plus500.com/en-gb/help/feescharges, read 2 Nov 2026; plus500.com/en-gb/tradingacademy/faq/withdrawals/whatisprocessingtimeforeachmethod, read 2 Nov 2026.
Deposits and withdrawals
| Ways to deposit | Cards (Visa, Mastercard), PayPal, Skrill, Bank transfer |
|---|---|
| Ways to withdraw | PayPal, Skrill, Bank transfer, Cards |
| Withdrawal time | Processing normally takes 1-3 working days; e-wallets take 3-7, while bank transfers take 5-7. |
Sources: plus500.com/en-gb/tradingacademy/faq/deposits/howdoidepositmoney, read 2 Nov 2026; plus500.com/en-gb/tradingacademy/faq/withdrawals/whatisprocessingtimeforeachmethod, read 2 Nov 2026.
Products, markets and leverage
| CFDs | Yes |
|---|---|
| Markets | over 2800 instruments |
| Retail leverage | 1:30 on Forex CFDs; 1:5 on share CFDs |
Sources: plus500.com/en-gb/aboutus, read 2 Nov 2026; plus500.com/en-gb/trading/forex, read 2 Nov 2026.
Plus500 trading platforms
| Own platform | Plus500 trading platform (web and app) |
|---|---|
| Demo account | Yes |
Sources: plus500.com/en-gb/aboutus, read 2 Nov 2026; plus500.com/en-GB, read 2 Nov 2026.
Your protection if the firm runs into trouble
| FSCS | Should Plus500UK Ltd fail owing you money, the Financial Services Compensation Scheme may cover up to £85,000 per person because it is an FCA authorised UK firm. |
|---|---|
| Negative balance protection | Yes, as the broker states |
| Client money | The register shows permission to hold client money |
Information comes from fscs.org.uk/what-we-cover/investments, read 2 Nov 2026, and plus500.com/en-gb/tradingacademy/faq/trading/24-7_doesnegativebalanceprotectionapply, read 2 Nov 2026.
Tax on the products traded here
Plus500's CFD gains fall within Capital Gains Tax, and it doesn't offer a spread betting account. Read more in CFD tax in the UK.
Accounts without swaps, customer support and the mobile app
| Support | chat and email, plus WhatsApp, 24/7 Support, as the site header shows it) |
|---|---|
| iPhone app rating | It scored 4.25 out of 5 on the UK App Store, 2 Nov 2026, from 7,849 ratings. |
Sources: plus500.com/en-GB, read 2 Nov 2026; itunes.apple.com/lookup, read 2 Nov 2026.
The official Plus500 website
Put Plus500 next to another broker
Other options besides Plus500: other FCA authorised CFD brokers
Each firm sits in A to Z order, with none ranked above another.
Common questions answered
How long does a Plus500 withdrawal take?
Your withdrawal normally needs 1 to 3 working days for Plus500 to process. PayPal and Skrill payments then require 3 to 7 working days; bank transfers require 5 to 7. It's also possible to use Visa or Mastercard. There are no deposit or withdrawal fees from the firm. A withdrawal below its stated minimum may include a charge.
Does Plus500 offer a demo account?
Yes, you can use a demo account to practise forex. A monthly inactivity fee of up to 10 USD applies when you don't log in for 3 months after opening a real account.
What trading platforms can I use with Plus500?
Through a web browser or the Plus500 Trading mobile app, you can use the broker's own Plus500 platform. On iOS, the app has a 4.25 score based on 7849 ratings. You can contact Support 24/7 through live chat, WhatsApp or email.
What leverage can you get at Plus500?
Retail clients can use leverage of up to 1:30 on forex CFDs and 1:5 on share CFDs. Leverage lets you control a bigger trade with a smaller deposit, which multiplies both your gains and your losses.
What can you do to avoid a Plus500 clone scam?
This broker has 12 clone warnings on the FCA register. Before you share your details or deposit money, check that plus500.com/en/ is the genuine website you're using.