Plus500 Restricted and Available Countries

Plus500 is one of the best known CFD brokers worldwide. Established in 2008, it is known for its own trading platform, its wide range of instruments and its status as a publicly listed company on the London Stock Exchange (LSE). Today, the broker serves over 30 million registered clients from over 60 countries.

Despite its global reach, Plus500 does not operate in every country, because of regulatory restrictions, local laws and internal policies. In this article, we explain where Plus500 is available through its regulated entities and which countries are restricted, based on our own registration test, as well as some alternatives for traders who cannot open an account.

Plus500 decides eligibility when you register, based on where you live. You can check whether Plus500 accepts clients from your country on its website.

81% of retail investor accounts lose money when trading CFDs with this provider.

Where Plus500 Is Available: Supported Regions and Entities

Plus500 operates through more than ten regulated subsidiaries, which is one of the widest licence networks among CFD brokers. The entity that serves you depends on where you live, and it decides which instruments you can trade and on what terms, such as the maximum leverage.

Make sure you are onboarded with the right entity for where you live. Check which entity is named in your account documents before you deposit.

Plus500 Restricted Countries

Plus500 does not accept clients from several jurisdictions, usually because of local laws, international sanctions or internal policies. However, Plus500 does not publish a single official list of restricted countries.

To find out, we tried selecting countries one by one on Plus500’s registration form. For India, Nigeria, Pakistan, Brazil, Bangladesh, the Philippines, Vietnam, Turkey, Iran, Egypt, Russia, Tanzania, Kenya, Uganda, Peru, Morocco, Algeria, Ghana, Cameroon, Madagascar, Sri Lanka, Iraq, Jordan, Cambodia, Zimbabwe, Belarus, the Maldives, the Bahamas and Jamaica, the form stopped us with this message:

We're sorry but we currently cannot accept traders from your country.

This is not an official list. It is not complete and can change at any time. A country not appearing on it does not mean Plus500 will accept you, or that Plus500 is regulated in your country.

What Plus500 Has to Offer

Plus500 offers CFDs on forex, indices, commodities, shares, options, ETFs and cryptocurrencies, depending on the entity you are registered with. Unlike most of its competitors, Plus500 does not offer MetaTrader. All trading runs on its own platform, available on the web and as mobile apps, which is designed to be simple to use and includes tools such as price alerts and guaranteed stop orders on some entities.

81% of retail investor accounts lose money when trading CFDs with this provider.

Alternatives to Plus500

HFM: Alternative With MetaTrader 4 and 5

HFM is a global forex and CFD broker with over 4 million clients. It offers CFDs on forex, energies, indices, metals, bonds, stocks, cryptocurrencies, commodities and ETFs. Unlike Plus500, it supports MetaTrader 4 and MetaTrader 5, alongside the HFM app.

The Cent and Premium accounts have spreads from 1.4 pips on major forex pairs with no commission, and the Pro account from 0.6 pips. For raw pricing, the Zero account offers spreads from 0.0 pips on major forex pairs with a commission of $3 per side per lot on forex. 

HFM is regulated by several authorities, including the DFSA in the UAE, the FSCA in South Africa, the CMA in Kenya and the FSA in Seychelles.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Pepperstone: Alternative With cTrader and TradingView

Pepperstone is one of the most heavily regulated brokers in the market, with clients in over 170 countries. It offers over 1,350 CFDs on forex, indices, equities, commodities, currency indices, ETFs and cryptocurrencies, and supports MetaTrader 4, MetaTrader 5, cTrader, TradingView and its own Pepperstone Trading Platform.

Clients can choose between two main account types. The Standard Account has spreads from 1.0 pips on major forex pairs with no commission, while the Razor Account offers raw spreads from 0.0 pips on major forex pairs plus a commission that depends on the platform.

On MT4 and MT5, commissions are $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, depending on the account currency. On TradingView and the Pepperstone Trading Platform, the rate is $3.50 per side per lot, and on cTrader it is $3.00 per side per lot. For non USD accounts, commissions are converted at the current spot rate.

Pepperstone holds licences from several regulators, including the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany and the CMA in Kenya, among others.

74.1% of retail CFD accounts lose money

XTB: Alternative With Over 12,000 Instruments

XTB is a broker listed on the Warsaw Stock Exchange, offering over 12,000 instruments. Like Plus500, it runs on its own platform, xStation, available on the web, desktop and mobile. Depending on where you live, the range includes real stocks and ETFs alongside CFDs on forex, indices, commodities and cryptocurrencies.

XTB is regulated by several authorities, including the FCA in the UK, CySEC in Cyprus, the FSC in Belize, and the DFSA and CMA in the UAE. It has no minimum deposit, so you can test the platform with a small amount.

69-80% of retail investor accounts lose money when trading CFDs with this provider.

Closing Remarks

Plus500 serves millions of clients through a wide network of regulated entities, but regulatory and internal restrictions mean it does not operate in several countries, including Kenya and Nigeria. Because Plus500 does not publish an official list, its registration form is the most reliable way to check whether it accepts you, and it is worth confirming that Plus500 is regulated in your country before you open an account.

If Plus500 is not available to you, or you want MetaTrader, the alternatives above are worth comparing. Make sure the broker you choose suits your trading needs and is regulated for clients in your country.

Frequently Asked Questions