Comprehensive Review dedicated to traders from SA

Plus500 Review

South Africa

Accepts South African Clients

Who is Plus500?

Plus500 is a popular international broker offering a full-trading package to South African traders. The company supports having a base account currency in ZAR, provides access to 23 South African stocks and 3 forex pairs with ZAR and is licensed by the South African local financial regulator FSCA.

Main advantages of the broker

Competitive fees, no commissions

Transparent operation, internationally recognised brand that is also licensed by the FSCA

Plus500 minimum deposit in ZAR (in South Africa) is only 1500 ZAR

Regulated and licensed by:


Financial Sector Conduct Authority, Plus500AU Pty Ltd, AFSL 417727 is an Authorised Financial Services Provider FSP #47546 in South Africa.


Australian Securities and Investments Commission, Plus500AU Pty Ltd, ACN 153 301 681, AFSL Number 417727.


Financial Conduct Authority, based in the United Kingdom, license no 509909.

Risk warning: Remember that forex and CFDs available at Plus500 are leveraged products and can result in the loss of your entire capital.

Please ensure you fully understand the risks involved.

Available Deposit & Withdrawal Methods

Plus500 supports the following deposits and withdrawal methods

Supported Platforms by Plus500

Plus500 supports the following trading platforms



Trading platform of the broker

Plus500 features its own in-house built trading platform which can be accessed via a web browser or any smart device. The platform is fairly intuitive and beginner-friendly. For technical analysis, one can choose from 7 chart types (including the most popular option – candlesticks).

The charting system supports popular indicators as well as oscillators. If you create a trading setup you would like to use in the future, you can save it as a template. Once you decide to use it again with your pre-set up indicators you just load it from your saved templates.

The Plus500 platform also supports FREE email & push notifications on market events as well as alerts on price movements, Change % & Traders’ Sentiments.

In order to create an alert, click on the alert icon (looks like a bell) on the main page of your trading account or in the instrument details page. Here, you select when the alert should be triggered and you, therefore, notified. Based on these notifications, it is up to you, how you are going to react to markets’ movements.

When it comes to risk management, you are covered with variable risk management tools like Stop Limit / Stop Loss / Trailing Stop or Guaranteed stop loss.

Screenshot taken from the trading platform of Plus500 (Used for illustration purposes only)



Trading assets

In total, there are over 2 000 trading instruments (all of which are CFDs) available at Plus500 to traders from SA. These include:

  • Forex – The company features on its platform 72 currency pairs. Among these forex pairs are major, minor as well as exotic pairs, 3 of the exotic pairs include the South African rand – USD/ZAR, EUR/ZAR, GBP/ZAR.
  • Stocks – Plus500 provides access to over 1500 stocks. Here you can find American, European, Australian, Asian and even South African stocks. As of now, there are 23 SA stocks (for instance, Sanlam, Capitec Bank, Gold Fields…)
  • Indices – In this asset category, you can find at Plus500 around 30 indices, most of which are European.
  • Commodities – Plus500 has on its platform around 20 commodities, comprising of gold, silver, coffee etc.
  • Cryptocurrencies – When it comes to cryptocurrency trading, Plus500 supports trading the following 12 crypto pairs: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, IOTA, Monero, EOS, Neo, Stellar, Cardano, Tron.
  • ETFs – Plus500 provides access to nearly 90 exchange-traded funds (ETFs), including the world’s most popular titles like iShares, SPY, or XLF.
  • Options – In this asset category, you can find at Plus500 around 200 call/put options. The most popular call and put options on the platform are on Germany 30, Oil and Facebook.


Plus500 offers to South African traders first deposit bonuses. The bonus amount will be added to your account once you’ve traded the required number of Trader Points (TPoints). Please see the Plus500 first deposit bonus page to find out more information on how to get the required trader points along with what terms and conditions apply on these bonuses.

Minimum Deposit R 3 000

Bonus Amount R 850

Required TPoints: 80

Bonus Code: Welcome

Minimum Deposit R 7 500

Bonus Amount R 1 000

Required TPoints: 150

Bonus Code: BRONZE

Minimum Deposit R 4 000

Bonus Amount R 900

Required TPoints: 75

Bonus code: NEWYEAR21ID

Minimum Deposit R 15 000

Bonus Amount R 1 600

Required TPoints: 200

Bonus Code: SILVER



Trading fees

Plus500 is mainly compensated for its services through the Bid/Ask spread. The current spreads for all assets can be found on the Plus500 instrument category in each individual asset page. Plus500 is known for one of the most competitive spreads in the industry, they start from 0,6 pips. Plus500 does not charge any commission fees.

Plus500 does not charge any deposit or withdrawal fees (unless you exceed the number of free withdrawals, which is set to 5 per month). Withdrawal requests are processed and authorised within 1 business day. If you decide to deposit in other currency than in your local currency (ZAR), a conversion fee might apply.

Did you know?

Plus500 Ltd is a UK FTSE 250 company listed on the London Stock Exchange’s Main Market for Listed Companies.




South African traders can trade available instruments with up to 1:30 leverage. Here is the breakdown of maximum leverage that can be used at Plus500 depending on what asset category you trade.

Forex 1:30

Stocks 1:5

Commodities 1:20

Indices 1:20

Cryptocurrencies 1:2

Options 1:5