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Plus500 review

Free demo & account review

4.4Our rating

Overview

Plus500 is a well-known, regulated CFD provider with a clean, award-winning web and mobile platform. It's simple to use, covers a wide range of markets and includes negative balance protection — with an unlimited demo to practice.

Best for: Traders who want a simple, regulated platform for CFDs.

What we like

  • Simple, award-winning platform
  • Wide range of CFD markets
  • Negative balance protection
  • Strong, multi-jurisdiction regulation

Things to consider

  • CFDs only — not real shares
  • Spreads-only pricing can be wider on some markets
  • Inactivity fee after a period of dormancy

Figures last checked August 2026— confirm on the broker's site before you fund. Spreads, minimums and entities change.

Regulation & who holds the account

Plus500 companies are regulated by the FCA, CySEC and ASIC among others, and the parent is listed on the London Stock Exchange. Product range, leverage and even whether you get Plus500 at all depend on your country. South Africa, the UAE and Indonesia are among the markets where it appears on this site; many others are served by a different Plus500 entity or not at all. Read the entity name at signup.

Demo, simulator & how to practise

The Plus500 simulator is an unlimited free demo on the same web and mobile platform as live. You can keep using it after you fund. That is the main reason Plus500 shows up for 'plus500 demo', 'plus500 simulator' and 'plus500 simulation' searches. Practise position size and the close-out rules there. It is not MT4/MT5 — if you specifically want MetaTrader, XM, FxPro or IC Markets are the better demos.

How to open the Plus500 demo →

Typical costs (verify before you fund)

ItemTypicalNote
Minimum depositAround $100Varies by entity and payment method.
PricingSpread only — no separate commission on most CFDsThe spread is the cost. On some markets it is wider than a raw-spread MT5 broker. Check the live ticket.
Overnight / weekend fundingCharged on positions held past cutoffIntraday trades avoid most of this. Read the instrument details before holding gold or indices overnight.
Inactivity feeAfter a period with no login / no tradeThe Plus500 demo does not stop the clock on a dormant live account. Withdraw leftover cash if you stop.

Plus500 simulator vs a MetaTrader demo

Plus500's demo is a full platform simulation: same charts, same order ticket, same instrument list as live. It is not a separate 'game'. What you will not get is Expert Advisors, custom indicators from the MT4 market, or cTrader. If your search was 'plus500 simulator' because you want to practise CFDs without MetaTrader, this is the one. If you wanted MT5, this is the wrong broker.

Negative balance protection

Retail clients at several Plus500 entities cannot lose more than the cash in the account. That is a real safeguard and it is not universal across every Plus500 company. Confirm it on the legal page for your entity before you assume it.

What you can trade

ForexCryptoCommoditiesIndices

Available in

South AfricaUnited Arab EmiratesIndonesiaInternational

Availability, spreads and terms vary by country and change often — always confirm on the broker's official site.

Ready to practice on Plus500?

Open a free demo in about 5 minutes — no deposit, no card.

Plus500: quick answers

Does Plus500 have a demo or simulator?

Yes — an unlimited Plus500 simulator (demo) on the same web and mobile platform as live. You can keep using it after you fund. It is not MT4 or MT5.

Is Plus500 regulated?

Yes — Plus500 entities are regulated by the FCA, CySEC and ASIC among others, and the company is listed on the London Stock Exchange.

What is the minimum deposit at Plus500?

Typically $100. CFD-only, so you're trading price movements rather than owning the underlying asset.

Does Plus500 support MT4 or MT5?

No — Plus500 uses its own proprietary platform only. If you specifically want MetaTrader, look at brokers like XM, FxPro or IC Markets instead.

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