Plus500 Review 2026
The full Plus500 write-up for New Zealand traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 417727 |
| Regulated Entity | Plus500AU Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Max Leverage (Crypto) | 1:2 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 2,000+ |
| Platforms | WebTrader, iOS, Android |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 3 months (no login) |
| Verify on ASIC register → | 417727 |
Verdict
Cooks under ASIC (licence 417727). Cover charge $100. In New Zealand, forex leverage is capped at 1:30.
About Plus500
Plus500 opened its doors in 2008 out of a kitchen in Haifa, Israel. Its menu runs to 2,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. Plus500 trades publicly on the LSE:PLUS. It holds licences across several jurisdictions, with the head licence carried by Plus500AU Pty Ltd under ASIC.
In New Zealand, Plus500 serves as Plus500AU Pty Ltd, cleared by ASIC under licence number 417727. Under ASIC house rules, New Zealand traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 417727
- 2,000+ instruments to trade
- Negative balance protection in New Zealand
- Platforms: WebTrader, iOS, Android
- Founded in 2008 (18 years operating)
- Publicly listed (LSE:PLUS), subject to stock-exchange disclosure rules
Cons
- Inactivity fee: USD10/month after 3 months (no login)
- 82% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Key Facts, Plus500
- Listed on London Stock Exchange Main Market since 2018 (ticker: PLUS)
- Proprietary platform only, no MT4, MT5, or cTrader
- Offers guaranteed stop-loss orders (GSLO) at an added spread cost
Known Limitations
- Inactivity fee of $10/month applies after 3 months without login
- No support for automated trading (EAs/bots)
- CFD-only, no direct ownership of underlying assets
Frequently Asked Questions
Is Plus500 regulated?
Yes. Plus500 is authorised by ASIC, issued to the entity Plus500AU Pty Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for Plus500 in New Zealand?
The cover charge is $100, the smallest amount New Zealand traders need to open a live account with Plus500 under ASIC rules.
What leverage does Plus500 offer in New Zealand?
In New Zealand, ASIC rules cap Plus500 at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Plus500 safe to trade with?
The kitchen passes inspection: Plus500 cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
Reader Comments
Loading comments...