Plus500 Review Australia 2026

Risk warning: CFDs are high-risk, leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Note: This review is focused on Plus500 outside the USA, where CFD products are available. Plus500US Ltd (for the USA) is a separate entity and is the provider of futures products. Share trading is available under Plus500CY only.

Is Plus500 safe? ASIC AFSL 417727

Plus500 has a trust score of 9 out of 10, making it a trustworthy CFD Provider to trade with.

Plus500 regulation

Australian clients trade with Plus500AU Pty. Ltd., which holds Australian Financial Services Licence (AFSL) 417727 issued by ASIC. ASIC is the only regulator that covers your account.

The wider Plus500 group operates through 13 subsidiaries, each authorised and regulated in different jurisdictions. Its overseas regulators include the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Monetary Authority of Singapore (MAS). I think that gives the group outstanding regulatory coverage, which puts it at the top ranks for this category amongst competitors. The image below covers all the jurisdictions Plus500 is regulated in or licensed to operate in.

Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange, which requires the company to publish their financial reports publicly. They have a solid track record and have been operational since 2008, with their headquarters in Haifa, Israel.

Plus500 Trustpilot rating

Plus500 has over 20,000 reviews on TrustPilot, with a very high score of 4.2 out of 5 stars, which is impressive, given its scope. Most users mentioned positive experiences highlighting the ease of use for the proprietary app and quick withdrawals.

Plus500 holds a Trustpilot rating of 4.2 out of 5 from 20,204 reviews, which Trustpilot labels great, captured November 2026. The profile has been claimed by the broker since May 2021.

Before depositing, confirm Plus500 holds AFSL 417727 using the site's guide to checking a broker on ASIC's register.

Is Plus500 regulated?

Yes. Australian clients are served by Plus500AU Pty. Ltd., which holds ASIC AFSL 417727. Plus500's FCA, CySEC and other overseas licences do not cover Australian clients.

Plus500 spreads and commission

Plus500 prioritises an institutional-grade spread model for you as a trader, delivering spreads as low as 0.8 pips on major CFD Forex Pairs. You get these spreads without the complexity found in “raw” accounts which have separate commission.

This CFD Provider operates on a highly transparent model where the primary cost is the bid/ask spread, this means there is no additional commission to the spread. As part of my research I found their fee structure to be one of the most competitive in the industry, particularly for high-volume traders who benefit from tight, dynamic spreads.

Plus500 Standard Account fees

The Standard CFD Account is optimised for efficiency, featuring zero commission with competitive spreads, no deposit fees, and no withdrawal fees.

Plus500 offers dynamic spreads for EUR/USD starting from 0.8 pips. This is the lowest available level and typically occurs during peak liquidity periods, such as the London/New York session overlap.

In practice, spreads for EUR/USD are usually slightly higher, ranging between 0.9 and 1.1 pips, and can widen to around 1.3 pips during off-peak trading hours.

In addition to spreads, overnight funding (swap) charges apply when positions are held past a certain time (typically 10 PM UTC). These fees vary depending on the instrument and market conditions and are clearly displayed within the trading platform.

Plus500 other fees

Beyond trading costs, Plus500 applies an inactivity fee of up to US$10 a month if an account remains unused for three months, which is a standard industry practice to maintain account security and platform integrity.

Additionally, currency conversion fees may apply when trading instruments denominated in a currency different from your account’s base currency. This conversion fee will usually be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net profit and loss of an open position.

How Plus500 compares to other brokers

Overall, Plus500 remains competitive regardless of the time of day you trade. The table below shows how Plus500 compares to other brokers.

Plus500 account types and minimum deposit

Plus500 offers you three types of CFD accounts: the Demo, Real and Professional Account. The Plus500 CFD Account is available to all clients worldwide.

• Demo account: Unlimited access to test strategies and practice
• Real Account: Spread-based trading fees from 0.8 pips with retail leverage
• Professional Account: Available to Australian traders who meet ASIC’s requirements for professional (wholesale) clients.

Plus500 minimum deposit

To begin trading with a live account, you need a minimum deposit of A$100, which provides an accessible entry point for you as a retail trader. This initial capital gives you full access to the platform’s advanced risk management and analysis tools.

Plus500 deposits and withdrawals

Plus500 offers a straightforward deposit and withdrawal process with no fees charged by the CFD Provider, though third-party payment provider fees may apply.

Plus500 deposit and withdrawal options and fees

Plus500 offers $0 fee deposits and withdrawals through Visa/Mastercard, PayPal, Skrill, and bank transfers. While the provider does not charge fees, your bank or payment processor may apply their own transaction costs.

Plus500 account base currencies

Participants can choose from a wide range of account base currencies, including GBP, EUR, USD, AUD, and SGD. There are 48 base currencies in total which you can choose at registration or by contacting customer services.

Be careful when opening your account to minimise the impact of currency conversion on their trading performance.

Plus500 trading platforms

The proprietary Plus500 ecosystem is a great choice if you prefer mobile trading. The WebTrader and app are developed in-house to deliver a seamless, high-speed experience, combining news, analysis, and trade execution within a single interface.

While the platform offers a wide range of useful features, it does have some limitations. Automated (algorithmic) trading is not supported, and there are no copy trading, social trading, or API integration options available.

Plus500 is well-suited to manual traders, but it may not be ideal for certain strategies. In particular, scalping is not permitted on the platform, and the lack of automation further limits its suitability for traders who rely on high-frequency or system-based approaches.

Plus500 web trading platform

After spending time using the Plus500 web platform, one thing that stood out immediately was how lightweight it feels. The platform loads quickly in the browser and runs smoothly without requiring any downloads or installations.

The main dashboard shows the most important information right away, including account balance, open positions, pending orders, and watchlists. I didn’t need to search through several menus to find anything. The search bar also works well, letting me quickly locate instruments from Plus500’s list of more than 2,800 CFDs.

Opening a chart places it front and centre on the screen, with the buy and sell buttons located directly beside it. To test the workflow, I opened several charts and placed a small test trade. The order ticket allows you to adjust position size, stop loss, and take profit levels while the platform automatically updates the required margin and potential P/L in real time before confirming the trade. This makes it easy to understand your exposure before entering the market.

The charting tools cover most of what traders need for technical analysis. The platform includes over 100 technical indicators, around 13 chart types, and more than 20 drawing tools, along with multiple timeframes ranging from short-term charts through to weekly views. I was also able to display multiple charts on the same screen, which helps when monitoring several markets at once.

While the charting isn’t as advanced as TradingView in terms of custom indicators and advanced tools, the charts load quickly and respond smoothly when switching between instruments or indicators.

Plus500 also includes several tools built directly into the platform. Trader sentiment data is displayed alongside instruments, showing the percentage of traders currently buying or selling a market. Other features include real-time trading alerts like price alerts, Change % (daily or hourly) and Traders’ Sentiment alerts. Lastly there is an integrated economic calendar that highlights upcoming market events.

There is one last feature worth a mention for security. Both the WebTrader and the mobile app offer an automatic logout due to inactivity, preventing unauthorised access to the account if left logged somewhere.

What stood out while testing the web platform:

• Fast-loading browser-based platform
• Real-time margin calculations when adjusting trades
• 100+ indicators, 13 chart types, and 20+ drawing tools
• Multi-chart layouts for monitoring several markets
• Built-in trader sentiment data
• Integrated economic calendar
• No download or installation required

Plus500 mobile app

The Plus500 mobile app closely mirrors the experience of the web platform. When I logged into the app, my watchlists and open positions were already synced automatically without needing to configure anything.

The layout is clearly designed for smaller screens. The order ticket includes all the key controls such as position size, stop loss, take profit, and guaranteed stop options without feeling cramped.

Charts also work well on mobile devices. I was able to zoom into price movements with pinch gestures and rotate the phone into landscape mode for a wider chart view. Indicators and chart tools are accessible from the chart menu, making it possible to perform basic technical analysis directly from the app.

In terms of integration, the mobile app and web platform stay synced for watchlists, open trades, and alerts, which makes it easy to switch between devices during the trading day. One small limitation I noticed is that chart layouts and indicators do not always sync between devices, so charts may need to be adjusted when moving from desktop to mobile trading.

Another feature I found useful is the alert system. The app can send push notifications for price alerts, margin warnings, and trade executions, helping traders keep track of positions without constantly monitoring the platform.

Security features are also well implemented. The app supports biometric login through Face ID or fingerprint authentication, allowing quick but secure access to the trading account.

Features I noticed while using the mobile app:

• Instant synchronisation with the web platform
• Touch-optimised layout designed for mobile trading
• Biometric login (Face ID / fingerprint)
• Real-time push notifications for alerts and executions
• Landscape chart mode for better chart viewing

• App Store: Australian storefront, exact figures from Apple's iTunes Search API
• Google Play: worldwide counts, not comparable with the App Store counts
• Third-party MetaTrader, TradingView and cTrader Ltd apps not listed

App Store (Australia)

Google Play (worldwide)

Plus500 key platform features

Guaranteed Stop Loss Orders (GSLO)

In addition to common risk management tools such as negative balance protection, take profit and stop loss orders, and trailing stops, Plus500 also offers Guaranteed Stop Loss Orders (GSLO).

Many brokers do not provide GSLO functionality, particularly on third-party platforms such as MT4, MT5, TradingView, or cTrader.

A GSLO allows traders to set an absolute limit on potential losses. This means that if the market moves against your position, the trade will close exactly at the specified price regardless of volatility or market gaps. In other words, a GSLO removes the risk of slippage that can sometimes occur with a standard stop loss order.

While GSLOs can be a useful risk management tool, particularly for newer traders or those trading during volatile market conditions, there is a cost involved. With Plus500, the GSLO premium is applied through a wider spread when the order is placed. This cost is charged upfront and is not refundable, even if the GSLO is never triggered.

Some brokers, such as OANDA, only charge the GSLO premium if the stop is actually triggered.

The exact premium can vary depending on how far away the guaranteed stop level is placed from the entry price. For traders who want additional protection against market gaps or sharp volatility, this added cost may be worth the extra certainty.

Insights+

Another feature available on the Plus500 platform is Insights+, which provides traders with market insights directly within the trading interface.

Insights+ highlights trading opportunities based on factors such as price volatility, trending markets, and unusual trading activity. For example, the tool can identify instruments experiencing increased price movements or assets that are attracting higher levels of trader interest.

The feature also incorporates data such as trader sentiment and trending instruments, allowing traders to quickly spot markets that may be gaining momentum.

While Insights+ should not replace independent analysis, it can be a useful way to discover new markets or keep track of instruments experiencing increased activity.

Plus500 leverage under ASIC rules

Leverage with Plus500 is capped at the ASIC-mandated 1:30 for retail clients in Australia, and goes up to 1:300 for clients who qualify as professional.

For traders who qualify as “Professional Clients” under ASIC’s rules, Plus500 offers higher leverage. Please note that reclassifying from retail to professional client may result in the loss of retail client protections.

One thing to note is that leverage for Pro accounts are generally lower than other brokers have. For example many brokers have leverage for Forex of 1:500 with a pro account but Plus500 limits this to 1:300.

Plus500 markets and instruments

Plus500 provides you access to a broad range of over 2,800 CFDs across multiple asset classes, including forex, shares, and cryptocurrencies.

• Forex: You can access CFDs on over 85 currency pairs, including majors, minors, and exotics, with leverage up to 1:30 for retail clients (the ASIC retail limit).
• Shares (Stocks): CFDs on over 2000 global stocks from exchanges like the NYSE, LSE, and ASX, allowing traders to speculate on share price movements.
• Indices: Plus500 lets you trade 60+ indices CFDs, including major global indices such as the S&P 500, FTSE 100, and the Germany 40 (DAX).
• Commodities: A variety of commodity (30+) CFDs, including precious metals like gold and silver, energies like oil, and agricultural products.
• ETFs: 130 CFDs on popular Exchange-Traded Funds, providing exposure to a basket of assets.
• Options: 25+ monthly underlyings and over 5 weekly CFDs on options allow traders to speculate on the price movement of an underlying asset on a specific future date.
• Cryptocurrencies: 40+ CFDs on leading digital currencies like Bitcoin and Ethereum, though availability is subject to local regulation.

Plus500 customer support

Customer care is a core pillar of the Plus500 experience, with 24/7 multi-lingual support delivered through email, live chat, and a highly efficient WhatsApp channel.

During my testing I found that their dedicated teams for trading and payments are directly connected to ensure rapid resolution of any issues. I contacted their support to ask a complex question about fee calculation.

My assigned agent clearly answered my question within just five minutes. The biggest upside here is the multilingual support, which is part of the reason for Plus500 popularity.

Plus500 research and education

The Plus500 “Trading Academy” provides you with an extensive suite of educational tools, including “How-to” videos, webinars, and deep-dive articles on market trends. I can find up-to-date topics like the 2026 AI supercycle with insight on how this could impact certain markets. Integrated within the platform, the “+Insights” tool provides you real-time data on performance and trends based on millions of actual trades.

Overall their education content feels very refined, and in combination with their unlimited demo account, makes this CFD Provider suitable if you are a beginner CFD Forex trader.

Should you open a Plus500 account?

Plus500 is an excellent choice if you are a trader seeking an intuitive, competitive costs, and user-friendly platform. You get to trade a wide variety of CFDs including cryptocurrencies, indices, shares and options.

Its strength lies in its transparent fee structure (with no commissions and tight spreads).

However, experienced traders and those who rely on advanced charting packages, automated trading (EAs), or third-party platforms like MT4 will likely find Plus500 limiting.

Risk warning: CFDs are high-risk, leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.