3.69
/ 5
Accepts Malaysian Clients. Average spread EUR/USD 0.80 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. Plus500 proprietary platform support. Plus500 Group is regulated by FCA, CySEC, ASIC, and MAS. All information presented is verified as of the date of the review.Most retail CFD accounts lose money. Your capital is at risk.With 50+ Forex pairs available, tight spreads and fast execution, Plus500 is a popular CFD provider with both its new and long-standing customers. Award-winning customer service is available 24/7 and the Plus500 platform is web-based with no need for any downloads or setup, making this a good provider for those who want to keep it simple.
Plus500 has a single account with a 100 USD minimum deposit requirement and keeps simplicity at the core of its business.
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Plus500 was founded in 2008 in Israel and has grown into one of the largest online CFD providers in the world – not only is the company publicly traded on the London Stock Exchange, meaning an additional level of scrutiny, but its subsidiaries are also regulated by three national authorities:
Plus500 also holds licences from the following national authorities:
As per regulations, all client funds are kept in segregated accounts and Plus500 also offers negative balance protection, ensuring that clients cannot lose more than they have put into their account.
Plus500 does not highlight any industry recognition it has received, but the company did win the Best Trading App Award from Daytrader.com in 2019.
While Plus500 is a market maker, as soon as a client places a trade on the platform, an automated system (with no human interference) sets a hedging trade to protect Plus500 against any potential loss. Because it is a closed system where Plus500 is the counterparty, there are few requotes and fast trade execution.
Plus500 makes a profit from the difference in the buy and sell spreads and does not charge a commission on trades.
Aside from a fairly standard demo account, Plus500 offers a single account with a minimum deposit of 100 USD.
There is no account choice at Plus500, which is unusual as most of its serious competitors have a number of account types with tighter spreads linked to higher deposit requirements.
Plus500 is a CFD Service. Your capital is at risk
The demo account allows traders to practice trading and get used to the Plus500 platform before depositing real money. The Plus500 platform is different from other CFD providers, so I would strongly advise you to take the time to get comfortable with the platform before you commit with a deposit. Many traders enjoy the clean design of the Plus500 platform, but others will prefer a more traditional layout.
Besides the demo account, Plus500 only offers one other type of account with a minimum 100 USD deposit amount.
The spreads at Plus500 are variable with EURUSD spreads often below 1 pip. As spreads are dynamic, expect them to be higher in times of low liquidity and for non-major currencies.
Leverage up to 1:300 is available and no commission is charged on any trades.
The currency pricing used at Plus500 is taken from a third party and reflects actual market value, Plus500 will then add the spread to create the trading price. Spreads are published alongside the instrument on the platform.
**This is only illustrative of what you can expect of the Plus500 platform**
Deposit and withdrawals methods include Credit Card, PayPal, Skrill, and bank transfer. Plus500 accepts deposits and withdrawals from all Malaysian banks.
Deposits and withdrawals are generally commission-free, though a 10 USD withdrawal fee is charged after more than five withdrawals have been made in a single month. Withdrawals via bank transfer may also incur a 6 USD charge. Please check with Plus500 customer service to see if your bank will incur a transfer charge.
Plus500 also requires a minimum withdrawal amount of 50 USD for Skrillex, Neteller and Paypal and 100 USD for bank transfers and credit card. Withdrawals below this amount incur a 10 USD fee. Withdrawals are processed in 1-3 days, which is about average for the industry. Â
Plus500 charge an inactivity fee of 10 USD per month after 3 consecutive months of inactivity.
Plus500 offers 24/7 customer support via email, online chat and WhatsApp message in 31 different languages. This is a much higher level of service than is commonly available.
The only way the customer support could be improved is by offering phone support for more complex queries and troubleshooting.
Unlike most CFD providers, Plus500 only offers their proprietary trading platform. This could be a concern as most similar providers also offer MetaTrader 4 or 5 in conjunction with any first-party software.
The Plus500 platform is web-based and will appeal to traders who want to avoid the complexity of third-party platforms. The platform looks fantastic, is very easy to use and has a solid reputation in the trading community. Exceptionally, it is available in over 30 languages.
The platform is not customisable, so traders used to setting up their own charts over a bespoke workspace will be disappointed.
Plus500 mobile apps are free for Android and IOS. They offer all of the features of the web and downloaded version of the trading suite, and are a convenient on-the-go trading solution.
**This is only illustrative of what you can expect of the Plus500 platform.**
Plus500 offers a few basic trading tools within the platform.
You can set automated price and percentage alerts which will inform you when a certain price has been reached or when a price has increased or decreased by a chosen percentage.
You can also view trader sentiment and set alerts to inform you when a predefined percentage of traders are buying or selling an instrument.
All of these alerts can also be sent via email and SMS.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Plus500 offer. Central to that process is the evaluation of the reliability of the CFD provider, the platform offering of the CFD provider and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the CFD provider.
Trading Forex is risky, and each CFD provider is required to detail how risky the trading of Forex CFDs is to clients. Plus500 would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500 is a leading brand in the CFD trading industry and has a loyal following of traders. With a strong focus on making the trading platform easy to understand, there is an appeal for traders who find third-party applications too complex, but the education and research area could be developed further. The customer service and support team are available 24/7 to help with questions anyone may have.
Accepts Malaysian Clients. Average spread EUR/USD 0.80 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. Plus500 proprietary platform support. Plus500 Group is regulated by FCA, CySEC, ASIC, and MAS. All information presented is verified as of the date of the review.Most retail CFD accounts lose money. Your capital is at risk. 
Plus500 
NoNoYes
eToro YesNoYes
CM trading 
YesYesYesMost retail CFD accounts lose money. Your capital is at risk.
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Help me to solve my problem
Please
He say from 500 plus market
He took my money n lie
Hi Haslia, I’m very sorry to hear about your difficulty. This person is not from Plus500 as they do not contact customers and ask them to give them money. Could please fill out our Scam Broker form here: https://forex-malaysia.my/forex-scams-report-a-broker/ and please include as much detail as possible – include the person’s name and email address if possible. Many thanks.
Hi, wonder if anyone can solve my confusion if the profit generated from trading share/forex/commodities using this Plus500/eToro… is taxable under Malaysia law?
Hi Joseph, thanks for your comment.
Indeed, this is a confusing subject, and the answer is whether gains from your Forex trading are considered revenue or not. The Inland Revenue Board of Malaysia defines revenue as “transactions relating to normal income-earning operations or are directly or sufficiently bound to business operations”. If Forex trading is what you do for a living, then yes, the gains are taxable.
On the other hand, if your profits are capital in nature, then they are not taxable. Inland Revenue defines Capital gains as: “those that involve assets of enduring value i.e. fixed capital, investments and speculations outside the normal income-earning activities of a person.” So, if you have a job and you trade Forex on the side, then your profits are not taxable.
Please read through this document for more information: http://lampiran1.hasil.gov.my/pdf/pdfam/PR_12_2019.pdf.
Hope that helps!
Hi Mr. Chris
I come across your trading company on FB, once I ask for more details thru WhatsApp and I receive the details with an investment package. The lowest investment package is RM350 and the profit is RM6500 in 24 hours. They also send me the testimonial ( WhatsApp screenshot) of a few investors who had gained profit in 24 hours.
Is this true?
Dear Mrgan – we are not affiliated with Plus500 and this “investment package” is a scam. It is impossible to guarantee those kinds of profits trading Forex. Please ignore them and instead learn how to trade Forex for yourself, using our educational pages: https://forex-malaysia.my/forex-education/