Plus500
S$0
Online Brokerage Review: Plus500
Updated: 6 Apr 2026
Written byAlevin K Chan
Freelance Contributor
Not sure how Plus500 works? Here's an honest review about it and how it may help you reach your financial goals.
The potential to amplify gains and the ability to trade voluminously with low capital are among the top reasons why some investors like leveraged trading.
Yet, leveraged trades can also accelerate your losses; inexperienced traders may find it difficult to jump in. Or, they may struggle to grasp the basics and build their skills.
Aiming to solve this problem is London-based Plus500, an online brokerage specialising in CFD on shares, ETFs, options, forex and indices.
Here’s what you’ll learn about Plus500 in this article.
Overview of Plus500
Product summary:
- What you can invest in: CFDs (Shares, ETFs, options, Forex, indices)
- Deposit fees: $0
- Withdrawal fees: $0
- Withdrawal limits: None
- Commission: According to market spreads
- Inactivity fee: US$10 per month after 3 consecutive months of inactivity
- Licence: Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648)
| Pros | Cons |
| Highly-rated for user-friendliness, with clear and easy-to-understand trading platforms | Offers only basic education and lacklustre news updates |
| Listed on the London stock exchange, and licensed in several cities | Inactivity fee that kicks in after only 3 months |
| Unlimited use of free demo account | Only VISA and Mastercard accepted for account funding |
| Offers bonuses and rebates to help offset trading costs |
CFD Service. Your capital is at risk.
Best CFD Provider in Singapore*
Pros of trading with Plus500
#1: Designed for user-friendliness
What sets Plus500 apart is their emphasis on making trading user-friendly and accessible. This is highly important considering that the brokerage deals in CFDs, which are leveraged products that can rack up profits and losses at an accelerated rate.
#2: Competitive spreads, few fees
Like any CFDs brokerage, Plus500 mainly derives its revenues from margin spreads, which are, for the most part, on par with average market rates.
This marks Plus500 as a competitively priced brokerage, a reputation further bolstered by the relatively few fees you’ll encounter as long as you keep your account active.
#3: Offers bonuses and rebates
Plus500 traders can take advantage of bonuses and rebates to offset trading costs and amplify their results. Bonuses are subject to qualifying criteria (such as reaching trading thresholds), while rebates are automatically earned as trades are performed.
#4: Well-trusted brokerage listed on the London Stock Exchange
Plus500 is a well-trusted brokerage, licensed in seven jurisdictions around the world, including Singapore (MAS), UK (FCA) and Australia (ASIC). It is also listed on the London Stock Exchange, and reported record active customers in the first three months of the year.
For whom is Plus500 best suited?
Plus500 is an easy-to-understand platform that offers a wide range of financial tools. It also provides unlimited opportunity to practise with a free demo account.
Its user-friendliness is further increased by its relative lack of service charges and fees, such that cost of trading is mostly concentrated on actual trades.
11.11 Promo ⏰
For a limited time only, be one of the first lucky 11 to get extra 11%* cashback on your first deposit (capped at S$30) when you apply for a Plus500 account via SingSaver! Valid till 17 November. T&Cs apply.
SingSaver x Plus500 Exclusive Offer
Get S$300 Cash via PayNow, Samsung Galaxy Buds4 Pro, or 20,000 Max Miles by HeyMax when you open a Plus500 account through SingSaver, make a min. deposit of S$1,000, and execute at least 3 trades in Commodities or Indices or Options within 14 days. Valid till 15 November 2026. T&Cs apply.
What charges or fees should you look out for?
When trading with Plus500, you will encounter relatively few fees and charges. This is because Plus500’s revenue model is mostly based on the margin spreads it charges on certain trades. Still, there’s little cause for concern, as Plus500 spreads are competitively priced.
Having said that, you should watch out for currency conversion fees if you’re trading in a different currency than the Singapore Dollar.
If your account remains inactive for three consecutive months, you will incur an inactivity fee of up to US$10 per month on your account.
How do you open and fund your Plus500 account?
Opening your Plus500 account
- Go to plus500.com.sg and click on the Start Trading button in the upper right corner
- Choose the account type you want (real money, or demo)
- Follow the on-screen prompts to complete your account registration
Note that the demo account is freely available for an unlimited time period. The system will also automatically reinstate your practice funds once it falls below a certain threshold.
Funding your Plus500 account
You may fund your Plus500 account using any of the following methods.
| Funding method | Crediting lead time | Fees |
| Bank transfer | 1 to 2 working days | Bank charges may apply |
| PayPal or Skrill | Same day | Service fees may apply |
| Credit cards (VISA or Mastercard only) | Same day | Bank charges may apply |
CFD Service. Your capital is at risk.
Best CFD Provider in Singapore*
S$
S$
00.8 pips
0 %
Apply through SingSaver and choose from 4 premium rewards (Actual Gift eligibility depends on the deposit amount provided in the terms and conditions)
You'll also receive the following welcome gift(s) directly from the provider
- Trade over 2,000 contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more.
- Every instrument gives different TPoints (Trader Points) based on the amount traded.
- No withdrawal and deposit fees
- Free real-time price quotes
- Web and mobile platforms available for added flexibility
- Demo account available for practice and experimentation
- Licensed by MAS
- Singapore's #1 in client satisfaction* By overall satisfaction, Investment Trends 2023 Singapore Leverage Trading Report
- Set up your account quickly using Singpass
- Fuss-free instant PayNow deposits!
- 24/5 Extended Hours allows continuous access to trade markets
- Monthly fee of US$10 after 3 months of inactivity
- Guaranteed stop order type is subjected to a wider spread
- Overnight funding and currency conversion fees apply
Eligibility
Minimum Age: 18 years old
Key Features
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for some investors. Please ensure you fully understand the risks involved. The listed provider is licensed and regulated by the Monetary Authority of Singapore. This advertisement has not been reviewed by the Monetary Authority of Singapore.
At-a-glance comparison: Plus500 vs other popular brokers
| Commission fee | Minimum deposit | Maintenance fee | |
| Plus500 | Margin spreads | US$100 (varies according to deposit method) | Inactivity fee of up to US$10 per month after three consecutive months without valid trades. |
| Saxo Markets | Mutual funds and SGX stocks: S$0 US ETFs, CFDs and Stocks: min. S$3 US bonds: min. 0.05% Bonds, commodities, futures and options: min. $1.25 |
S$2,000 for regular savings plan S$3,000 for SaxoTraderGo platform |
N/A |
| UOB Kay Hian | SG stocks & stocks CFDs: min. S$10 - S$25 US stocks & stock CFDs: min. US$20, SG corporate bonds: min. S$2.14 |
S$3,000 for CFDs, $5,000 for FX | N/A |
| Maybank Kim Eng | SG stocks: min. S$10 - S$25 US stocks: min. US$20 |
N/A | N/A |
| Oanda | Daily rates and charges according to market conditions | N/A | Inactivity fee of $10 per month applies after 12 months without trading activity |
| IG | S$10 minimum for equity CFDs per open/close | N/A | N/A |
| City Index | 0.08% or S$10 minimum for Singapore CFDs | $150 | N/A |
| Tiger Brokers | SGX stocks: 0.08%, min. S$2.88 per order (currently waived) US stocks: US$0.01, min. US$1.99 per trade |
N/A | N/A |
| Interactive Brokers (IBKR) | SGX stocks: 0.08% of trade value, min. S$2.50 per order US stocks: US$0.005 per share, min. US$1 per order |
N/A | Up to US$10 per month (less commission paid that month) |
| TD Ameritrade | US$0 (for US exchange-listed stocks, ETFs and option trades) | N/A | N/A |
Read these next:
Best Brokerage Accounts To Start Your Investment Journey In Singapore
Best CFD Brokers In Singapore For Every Investor Type
Tiger Brokers Review: New Kid On The Block With Low Commissions
moomoo Review: Low Cost Trades And A Free AAPL Share
Interactive Brokers (IBKR) Review: Pros, Cons and Why They’re So Popular
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About the author
Alevin K Chan
Alevin loves helping people make good money decisions. He briefly flirted with being a Financial Advisor, but quickly realised writing about personal finance is the better way to go.
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