- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Plus500 review 2026: is Plus500 legit in Kenya and South Africa?
Plus500 serves South Africa from Australia: Plus500AU Pty Ltd holds FSP 47546 and is an approved OTC derivative provider. It runs only its own platform (no MetaTrader) and the minimum is around $100. Not licensed in Kenya.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 47546
- Minimum depositAbout $100
- M-PesaNot confirmed
Is Plus500 regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Plus500AU Pty Ltd
- Licence number
- FSP 47546
The FSCA licence is held by Plus500's Australian company, Plus500AU Pty Ltd, not a South African company. Plus500AU (Pty) Ltd is an approved OTC derivative provider (ODP) on the FSCA list of OTC derivative providers, checked 25 Oct 2026.
Source: plus500.com, not yet checked on the register
Other Plus500 group companies are supervised by FCA (UK), CySEC (Cyprus), ASIC (Australia), MAS (Singapore), DFSA (Dubai). Those licences only protect you if your account is with that company.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Plus500
Plus500 is a London-listed CFD provider. South African clients trade with Plus500AU Pty Ltd, which holds FSCA FSP 47546 and is on the FSCA list of approved OTC derivative providers.
Who Plus500 suits, and who should look elsewhere
Good fit if you
- want a simple, single platform
- are in South Africa and want an approved ODP
Look elsewhere if you
- use MetaTrader or Expert Advisors
- want local rand deposits
Plus500 account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| CFD account | About $100 | Spread only |
Plus500 fees: spreads, commission and other charges
| Commission | None; costs are in the spread |
| Local deposits | Not available, per TradeFX |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Plus500 deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Plus500 is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Plus500AU Pty Ltd, FSP 47546, approved OTC derivative provider.
- No ZAR base currency listed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Plus500 trading platforms
- Plus500 web platform
- Plus500 app
Is your money safe with Plus500?
- Approved ODP in South Africa; group regulated by FCA, CySEC, ASIC and others.
Plus500 pros and cons
Pros
- Approved ODP
- Simple platform
- Listed group
Cons
- No MetaTrader
- No local deposits
- Not in Kenya
Our real-money test of Plus500
Coming
We will open a Plus500 account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Plus500 withdrawal time: reports from traders
How long do Plus500 withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Plus500? Get a ready complaint letter and the right regulator contact with our complaint desk →
Plus500: questions people ask
Is Plus500 regulated in Kenya?
No. Plus500 is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Plus500 regulated by the FSCA in South Africa?
Yes. In South Africa, Plus500 operates through Plus500AU Pty Ltd, which holds FSCA licence FSP 47546. Check that this company is named on your client agreement, not an offshore company of the same brand. The FSCA licence is held by Plus500's Australian company, Plus500AU Pty Ltd, not a South African company. Plus500AU (Pty) Ltd is an approved OTC derivative provider (ODP) on the FSCA list of OTC derivative providers, checked 25 Oct 2026.
Is Plus500 regulated in South Africa?
Yes. Plus500AU Pty Ltd holds FSP 47546 and is an approved OTC derivative provider.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.