Look a broker up before you trust it

Ten quick answers

Does Plus500 hold a licence?
It does. Plus500 is supervised by FCA, CySEC, ASIC, MAS, FSCA, and its licence number is FRN 509909. You can look that number up on the regulator's own public register.
How much do I need to open a Plus500 account?
Plus500 asks for a first deposit of at least $100. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust Plus500 with my money?
Plus500 has been trading since 2008 and is regulated by FCA, CySEC, ASIC, MAS, FSCA. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Plus500?
No. Because of US regulatory requirements (CFTC/NFA), Plus500 is not taking clients who live in the United States at present.
How much leverage does Plus500 offer?
The highest leverage at Plus500 is 30:1 retail. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Plus500?
No. Plus500 does not offer MetaTrader; it uses platforms it has built itself.
Which trading platforms can I use at Plus500?
At Plus500 you trade through Plus500 proprietary platform (no MT4/MT5). Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Plus500 pay out withdrawals?
How long a Plus500 withdrawal takes depends on how you are paid: cards are usually handled the same day, e-wallets within 24 hours and bank wires in 1–5 business days. Your KYC verification has to be finished before any withdrawal.
Will Plus500 charge me for withdrawing?
As a rule, Plus500 makes no charge when you withdraw to the method you deposited with. A payment processor or bank may still add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Plus500 have a demo account?
Yes. Plus500 provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.