In this Plus500CY Limited Review, we are going to take a look at the offer that this broker prepared for its traders. Plus500CY Limited is regulated by the CySEC in Cyprus, by the ASIC in Australia and by the FCA in the UK. Plus500CY Limited operates on the financial market since 2008. When it comes to trading platforms, the broker features WebTrader. The Plus500CY Limited minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Plus500CY Limited Review
| Website address: | https://www.plus500.com/en (72% of of retail investor accounts lose money when trading CFDs with this provider) |
| Operated by: | Plus500CY Ltd, Plus500UK Ltd, Plus500AU Pty, Plus500SG Pte Ltd |
| Licensed and authorised by regulatory bodies: | CySec ASIC FCA MAS FSCA |
| Supported languages: | English, German, Spanish, French, Italian and Portuguese |
| Customer support available via: | E-mail, WhatsApp, live-chat |
| Available deposit methods: | Bank transfer, Debit and Credit Cards, Paypal, Skrill , |
| Available withdrawal methods: | Bank transfer, Debit and Credit Cards, Paypal, Skrill , |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,8 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (71), stocks (1400), commodities (22), indices (33), cryptocurrencies (12) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: |  |
| Other trading platforms: | WebTrader |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:30 |
| Social trading: | |
Plus500CY Limited Fees (typical spreads)
We have scanned fees (typical spreads) that Plus500CY Limited charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| 1,5* | 0,8* | 1,7* | 2,0* | 1,3* | 1,0* |
*Typical spreads were recorded on 15.02.2021 at 09:55 for the standard account. Plus500CY Limited spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: FairForexFX, FTGMarkets, Finotec and LibraMarkets
Frequently Asked Questions
🧐 Is Plus500CY Limited a Scam?
Plus500CY Limited is a broker licensed and regulated by the CySec, ASIC, FCA, MAS and FSCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Plus500CY Limited is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Plus500CY Limited minimum deposit?
In order to start trading with Plus500CY Limited, you have to deposit at least 100 USD (Trading accounts can also be held in USD, EUR, GBP, CZK, HUF, ZAR).
📵 What deposit and withdrawal methods Plus500CY Limited supports?
⚖️ Would you recommend me choosing Plus500CY Limited?
We don’t have our own personal experience with Plus500CY Limited. However, because the broker is regulated by the CySec, ASIC, FCA, MAS and FSCA, there is a high chance that it is not a scam. With that being said, it still does not mean that Plus500CY Limited is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – (83% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
