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Plus500 Review

Est. 2008 · Plus500 Affiliates

FSCA FSP 47546 ASICFCA

Verify this broker on the FSCA register before depositing.

By RandBroker Editorial · How we rate brokers

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Is Plus500 regulated in South Africa? Plus500 is FSCA-regulated (FSP 47546, Plus500AU (Pty) Ltd). Plus500 holds an FSCA FSP but is reported as still awaiting its ODP licence — South African clients are served via its ASIC-regulated entity (Plus500AU), so CFDs are issued offshore.

Important caveat

Plus500 holds an FSCA FSP but is reported as still awaiting its ODP licence — South African clients are served via its ASIC-regulated entity (Plus500AU), so CFDs are issued offshore.

FSCA regulation & ODP status

  • FSCA FSP: 47546 (entity: Plus500AU (Pty) Ltd) — pending live-register confirm.
  • Own ODP licence: No own ODP — see caveat above.

Other authorisations: ASIC (Australia), FCA (United Kingdom).

ZAR support & funding

ZAR accounts. Funding methods, fees and processing times vary by entity and currency — check the broker's funding page, and read our guide on funding a forex account in ZAR (FICA/KYC).

Platforms

Plus500 Platform.

Fees & minimum deposit

Minimum deposits and spreads vary by account type and change often — check the current figures on the broker's site. We do not publish a figure until a hands-on review.

How to verify before you deposit

  1. Note the exact legal entity name on the broker's site that serves South Africa.
  2. Search that entity (and FSP number) on the official FSCA register.
  3. Confirm the authorisation is current and, if you need onshore CFDs, that the entity holds an ODP licence.
See Plus500 on the South Africa broker shortlist The full FSCA/FAIS/ODP picture plus the FSP-vs-ODP comparison for every broker we cover.
FSCA enforcement data: how the regulator polices unlicensed forex activity Official FSCA Regulatory Actions Report figures — the regulatory context behind every licence check on this site. Compare confirmed FSCA-ODP / FSP brokers Exness and Scope Markets SA hold their own FSCA ODP licence; XM and Tickmill hold a confirmed FSCA FSP — see how Plus500 compares.