Plus500

Plus500 is a CFD-only online brokerage with a beginner-friendly interface, competitive spreads, and relatively few ancillary fees. It’s authorised in Singapore by the Monetary Authority of Singapore (MAS). This guide explains who Plus500 suits, the key costs, how funding works in Singapore, and how to set up your account.

Risk warning: Contracts for Difference (CFDs) are complex, leveraged products that carry a high risk of rapid losses. Consider whether you understand how CFDs work and can afford the high risk of losing your money.

Plus500 at a Glance (Singapore)

Pros & Cons

Pros

• Beginner-friendly design and workflows make CFDs easier to grasp.
• Competitive spreads and few extra fees if you trade actively.
• Bonuses & rebates can offset trading costs (eligibility criteria apply).
• Listed on the London Stock Exchange and licensed in multiple jurisdictions (including MAS).
• Unlimited demo account to practise at no cost.

Cons

• Education and news flow are basic compared to research-heavy brokers.
• Inactivity fee starts after 3 months with no valid trades.
• For card top-ups, Visa/Mastercard are supported (no other card networks).

Who Is Plus500 Best For?

Plus500 suits new-to-intermediate traders who value a clean, guided trading experience and want most costs contained inside the spread. If you require deep fundamental data, advanced analytics or multi-asset investing beyond CFDs, consider a research-heavy broker for that part of your workflow and keep Plus500 for straightforward CFD exposure.

Fees & Charges Explained

Spreads (No Separate Commission)

Plus500 prices its trades via the spread (the difference between buy/sell). There’s no separate per-trade commission, which keeps the cost model simple.

Inactivity Fee

If you don’t place valid trades for three consecutive months, an inactivity fee up to US$10/month applies. If you expect to pause trading, set a reminder to log in or place a small qualifying trade to maintain account activity.

Currency Conversion

Trading products quoted in non-SGD may incur currency conversion costs. Factor FX conversion into your total expected cost if you typically fund in SGD but trade USD-quoted markets.

Deposits & Withdrawals

• Deposits: $0 processing fee (funding method fees from your bank/wallet may apply).
• Withdrawals: $0 platform fee and no stated withdrawal limit per the source page.

Funding Methods & Payout Times

You can fund a Plus500 account in Singapore via bank transfer, PayPal/Skrill, or card (Visa/Mastercard). The source outlines the following indicative timelines:

How to Open a Plus500 Account (Step-by-Step)

1. Go to plus500.com.sg and select Start Trading.
2. Choose your mode: Real account or Demo account.
3. Complete registration and verification by following the on-screen prompts.

Demo mode: The demo account is available for unlimited use and automatically tops up practice funds when your balance falls below a threshold, so you can iterate without risk.

Platform & Tools

Plus500 emphasises clarity and ease of use. That makes it quick to learn and less intimidating for first-time CFD traders. The trade-off is that research tools and real-time news in the platform are relatively light versus research-centric competitors. Many users bridge this by doing research externally and executing trades on Plus500.

Frequently Asked Questions

Is Plus500 authorised in Singapore?

Yes. The source confirms Plus500 is authorised by the Monetary Authority of Singapore (MAS), alongside other top-tier regulators.

What’s the minimum deposit to start?

The minimum deposit is typically US$100, and may vary by funding method.

Does Plus500 charge withdrawal or deposit fees?

According to the source, deposit and withdrawal processing fees are $0. Your bank or wallet provider may still charge their own fees.

Is there an inactivity fee?

Yes. If you go 3 consecutive months without placing valid trades, an inactivity fee of up to US$10 per month applies.

Can I practise first?

Yes. Plus500 offers a free, unlimited demo account that automatically reinstates practice funds when they drop below a threshold.

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Always do your own research and consider seeking independent advice. Features and fees may change—confirm details on the official Plus500 site before you act.