Plus500
Updated: 6 Apr 2026
- Trade over 2,000 contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more.
- Every instrument gives different TPoints (Trader Points) based on the amount traded.
- No withdrawal and deposit fees
- Free real-time price quotes
- Web and mobile platforms available for added flexibility
- Demo account available for practice and experimentation
- Licensed by MAS
- Singapore's #1 in client satisfaction* By overall satisfaction, Investment Trends 2023 Singapore Leverage Trading Report
- Monthly fee of US$10 after 3 months of inactivity
- Guaranteed stop order type is subjected to a wider spread
- Overnight funding and currency conversion fees apply
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Plus500 is a CFD-only online brokerage with a beginner-friendly interface, competitive spreads, and relatively few ancillary fees. Itβs 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)
| Feature | Details |
|---|---|
| Asset coverage | CFDs on shares, ETFs, options, forex, indices |
| Commission | Built into market spreads (no separate trade commission) |
| Deposit fees | $0 |
| Withdrawal fees | $0 (no stated withdrawal limit) |
| Inactivity fee | Up to US$10/month after 3 consecutive months without valid trades |
| Minimum deposit | US$100 (varies by funding method) |
| Singapore licence | Authorised by Monetary Authority of Singapore (MAS) |
| Demo account | Free, with unlimited usage and auto top-ups when balance drops below a threshold |
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). Thereβs no separate per-trade commission, which keeps the cost model simple.
Inactivity Fee
If you do not log in to your account 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:
| Method | Typical Crediting Time | Notes |
|---|---|---|
| Bank transfer | 1β2 working days | Bank charges may apply |
| PayPal or Skrill | Same day | Service fees may apply |
| Credit card (Visa/Mastercard) | Same day | Card issuer fees may apply |
How to Open a Plus500 Account (Step-by-Step)
- Go to plus500.com.sg and select Start Trading.
- Choose your mode: Real account or Demo account.
- 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.
Whatβs 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 changeβconfirm details on the official Plus500 site before you act.
SingSaver Exclusive Offer
Receive welcome rewards when you open and fund your Plus500 account via SingSaver! T&Cs apply.