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Plus500 in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%60
- Round-turn cost20%85
- Safety20%90
- Payouts15%40
- Track record10%90
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Plus500AU Pty Ltd
- Founded
- 2008
- Retail leverage
- 30ZA
- Round turn
- 8 USDZA
- Currencies
- ZAR account available (default for SA sign-ups); also USD, GBP, EUR, AUD, CAD, SGD and others - local ZAR account avoids conversion.
- Swap-free account
- yes
Licence check
Open an account with Plus500The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Plus500AU Pty Ltd
- Local standing
- Served under genuine local FSCA regulation - a real domestic licence rather than a pure offshore arrangement.
- Licence as the register states it
- Plus500AU Pty Ltd is an FSCA-authorised Financial Services Provider, FSP No. 47546 (issued 2017); also ASIC AFSL 417727 and FMA NZ FSP 486026.
- Leverage for this entity
- Retail leverage capped at 1:30 major forex, 1:20 minors/gold/major indices, 1:10 other commodities/indices, 1:5 shares, 1:2 crypto (ASIC-aligned limits applied by Plus500AU).
- The firm behind it
- Plus500 Ltd, founded 2008 in Haifa, Israel; listed on the London Stock Exchange (FTSE 250); profitable CFD-only fintech with proprietary technology and tens of millions of registered customers.
- What we hold against it
- Strong - genuine FSCA local licence (FSP 47546), listed parent, ZAR accounts; standard CFD high-risk disclosure applies (majority of retail accounts lose money).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youServed under genuine local FSCA regulation - a real domestic licence rather than a pure offshore arrangement.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Single Retail CFD account (Professional classification available), free unlimited demo. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Plus500 sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 8 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 10 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:30 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (4 methods · 0 local rails)
Debit/credit card (Visa/Mastercard), PayPal, Skrill, ApplePay and bank transfer, all in ZAR.
- Credit card
- PayPal
- Skrill
- Bank transfer
- Account currency
- ZAR account available (default for SA sign-ups); also USD, GBP, EUR, AUD, CAD, SGD and others - local ZAR account avoids conversion.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- Plus500 WebTrader
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Plus500 WebTrader | — | 0.8 | 30ZA |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.2 | 18,737 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Locally authorised, licence 47546, read on 09.07.2026
- Min deposit 10 USD, under the South Africa median 50
- Swap-free account available
- Safety 90 of 100, its strongest of 6 scored axes
- Round turn 8 USD on the standard basis, over the South Africa median 7
- Withdrawal in 72 h, over the South Africa median 24
- Platforms 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Plus500 |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 60 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 85 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 90 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Plus500 accept residents of South Africa?
- Yes. Served under genuine local FSCA regulation - a real domestic licence rather than a pure offshore arrangement. Onboarding entity: Plus500AU Pty Ltd
- Is Plus500 licensed to serve clients in South Africa?
- Plus500AU Pty Ltd is an FSCA-authorised Financial Services Provider, FSP No. 47546 (issued 2017); also ASIC AFSL 417727 and FMA NZ FSP 486026. Checked on 09.07.2026.
- How much does one round turn cost at Plus500?
- About 8.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Plus500 offer to retail clients in South Africa?
- Up to 1:30. Retail leverage capped at 1:30 major forex, 1:20 minors/gold/major indices, 1:10 other commodities/indices, 1:5 shares, 1:2 crypto (ASIC-aligned limits applied by Plus500AU)
- Which trading platforms does Plus500 support?
- Plus500 WebTrader. Instruments: 2,000+ CFDs across forex, indices, commodities, shares, ETFs, options and crypto.
- How can I withdraw money from Plus500 in South Africa?
- Debit/credit card (Visa/Mastercard), PayPal, Skrill, ApplePay and bank transfer, all in ZAR.
- What account types does Plus500 offer?
- Single Retail CFD account (Professional classification available); free unlimited demo.
- Does Plus500 offer a swap-free (Islamic) account?
- Yes. Plus500 offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://plus500.com/en/TradingAcademy/FAQ
Not tax advice. Check with SARS.