Plus500 Review
A Plus500 review for South Africans: the proprietary WebTrader, tight variable spreads, no commission, the unlimited demo, regulation and the $100 minimum.
Open a Free Account →Plus500 is a large, exchange-listed CFD broker (since 2008) built around its own clean WebTrader rather than MetaTrader. It is commission-free with variable spreads, covers a very wide range of CFD markets, and is regulated by tier-one bodies including the FCA, CySEC and ASIC — strong oversight for South African traders. The simple interface and unlimited demo suit beginners, while the lack of MT4/MT5 means it is purely a CFD platform. The minimum deposit is around $100.
Plus500 at a glance
- Type: CFD broker founded in 2008, listed on the London Stock Exchange.
- Trades on its own simple WebTrader and mobile app — no MetaTrader.
- Minimum deposit around $100; commission-free with variable spreads.
- Markets: forex, indices, shares, commodities, ETFs and crypto as CFDs.
- Free unlimited demo account to learn the platform.
- Regulated by tier-one authorities including the FCA, CySEC and ASIC.
Plus500 — pros & cons
| Pros | Cons |
|---|---|
| Tier-one regulated, exchange-listed | No MetaTrader |
| Simple WebTrader + unlimited demo | ~$100 minimum |
| Very wide CFD market range | Inactivity fee applies |
Plus500 key facts
| Item | Detail |
|---|---|
| Founded | 2008 |
| Platform | Plus500 WebTrader & app (no MT4/MT5) |
| Minimum deposit | ~$100 |
| Commission | None — cost is in the spread |
| Markets | Forex, shares, indices, commodities, ETFs, crypto CFDs |
| Demo | Free, unlimited |
| Regulation | FCA, CySEC, ASIC (tier-one) |
Frequently asked questions
Is Plus500 safe for South African traders?
Plus500 is a publicly listed company regulated by tier-one authorities including the FCA, CySEC and ASIC, which makes it one of the more strongly supervised platforms in this guide. CFD trading with leverage is still high risk.
Does Plus500 have MetaTrader?
No. Plus500 uses only its own WebTrader and mobile app. If you specifically want MT4 or MT5, consider Exness, Safe Trading, BDSwiss or OctaFX instead.
What does Plus500 cost to trade?
Plus500 is commission-free; its cost is built into a variable spread. There may also be overnight funding charges and an inactivity fee, so review the current terms before trading.
Is Plus500 available in South Africa?
Yes, Plus500 accepts South African traders. Plus500 South Africa users trade CFDs on forex, shares, indices, commodities and crypto through the Plus500 WebTrader, under tier-one regulation including the FCA, CySEC and ASIC. Confirm the entity and current terms when you register.