Home -
-
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Plus500cyOverview of Minimum Deposit, Leverage, Spreads

Plus500cy | 2022-08-25 19:06

Abstract:Plus500cy is an offshore forex broker registered in Saint Vincent and the Grenadines, and it was not established long, with an operating time of only 2 to 5 years. Plus500cy boasts that it offers clients access to a massive financial markets, with forex, indices, commodities, and share CFDs tradable, leverage up to 1:500.

Since Plus500cy official website (https://plus500cy.com) is now unavailable, we had to piece together as much information as possible on this brokerage house as a forex broker from other sources.

General Information

Plus500cy is an offshore forex broker registered in Saint Vincent and the Grenadines, and it was not established long, with an operating time of only 2 to 5 years.

Plus500cy boasts that it offers clients access to a massive financial markets, with forex, indices, commodities, and share CFDs tradable, leverage up to 1:500.

Plus500cy

As far as we can tell, Plus500cy is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.41 out of 10 overall.

Trading with an offshore unregulated forex broker is a surefire way to lose your money, please be aware of the risk.

WikiFX

Market Instruments

Plus500cy hypes that it allows investors to get access to a massive financial markets.

Different types of trading assets, such as Foreign Exchange, Indices, Commodities, Shares and CFD products are all available through this brokerage platform.

Account Types

Plus500cy offers a total of four tiered trading accounts to suit its clients‘ different trading needs. However, the strict minimum initial deposit requirements (especially the Premium and VIP accounts), and seemingly generous leverage offered indicate that it just wants to extract investors’ available funds at the very first and then disappear.

To open a Micro account, investors need to fund at least $100, which is acceptable to most regular traders. From the Standard account, it starts to ask for a much higher deposit, from $500, the Premium account from $25,000, the VIP account from $100,000.

Account

Leverage

Plus500cy boasts that traders use so-called generous leverage of up to 1:500, which is much above the levels considered appropriate by the vast majority of regulators. Bear in mind that offering high leverage is just a typical tactic employed by most offshore and they just want to attract investors to jump into their traps.

Spreads

With commissions not disclosed, spread is determined by trading accounts, with the Micro and Standard accounts from 1 pip, the Premium account from 0.6 pips, the VIP account from 0.2 pips, respectively.

Trading Platform

Plus500cy allows its clients to use the industry-leading MT4 trading platform, which sounds good news.

Customer Support

Traders with any inquiries or trading-related issues can get access to telephone support. Here are some contact details:

Telephone: 00393 334536781

Email: support@plus500cy.com

However, since this is an unregulated forex broker, investors should be wise to stay away from it.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.

Forex tradingForex Broker

Related broker

No Regulation
Plus500cy
Company name:FINTRADE LIMITED
Score
2.25
Website:https://plus500cy.com/?lang=en
5-10 years | Suspicious Regulatory License | White label MT4 | Regional Brokers
Score
2.25

Read more

eToro Introduces Staking for Cosmos and Polkadot

eToro, the multi-asset brokerage platform with a robust global presence, has augmented its cryptocurrency staking programme by incorporating Cosmos ($ATOM) and Polkadot ($DOT), two of the most prominent protocols underpinning next-generation blockchain interoperability.

Original 2025-05-23 17:07

Things I wish someone had told me before investing in Markets.com

When I first came across Markets.com, I was impressed. Founded in 2008 and offering a broad range of tradable assets — including forex, shares, commodities, indices, cryptocurrencies, ETFs, and even bonds — it looked like a solid platform for both new and experienced traders. With up to 1:500 leverage and access to multiple trading platforms like MT4/MT5, TradingView, and a proprietary web/mobile app, it seemed like a comprehensive solution.

Original 2025-05-23 15:45

IronFX Launches Online Trading Education to Boost Trader Education

IronFX launches a trading education blog offering in-depth market analysis, expert insights, and practical strategies for traders at all levels.

Original 2025-05-23 15:11

Saxo vs IronFX: In-Depth Broker Comparison for Traders in 2025

Explore a detailed 2025 comparison of Saxo and IronFX. Review platforms, fees, regulations, assets, and user feedback to choose your ideal trading broker.

Original 2025-05-23 14:24

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
EBC

EBC

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
EBC

EBC

Regulated
IC Markets Global

IC Markets Global

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
EBC

EBC

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
EBC

EBC

Regulated
IC Markets Global

IC Markets Global

Regulated

Latest News

Saxo vs IronFX: In-Depth Broker Comparison for Traders in 2025

WikiFX
2025-05-23 14:24

Traze Receives Authorization from UAE Securities Regulator

WikiFX
2025-05-22 15:42

Markets.com vs SAXO: Which One Is More Suitable for You?

WikiFX
2025-05-22 16:53

The Real Story of TriumphFX: How Investors are Losing Millions

WikiFX
2025-05-22 17:57

Webull Pay and Coinbase Join Forces to Offer Better Crypto Trading

WikiFX
2025-05-22 17:39

3 Useful News for Traders - Check ASAP!

WikiFX
2025-05-22 19:47

WikiFX Broker Assessment Series | IronFX: Is It Trustworthy?

WikiFX
2025-05-21 17:59

Explore the Unique features of Zerodha, BOI & HDFC Bank

WikiFX
2025-05-21 17:35

High Score, Fully Regulated: 3 Brokers You Can Trust in 2025

WikiFX
2025-05-21 18:33

Stop Wasting Money on FX Courses! Learn Forex for Free- from Top Brokers

WikiFX
2025-05-21 20:17

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Outrade

Outrade

sesaFXCM

sesaFXCM

IC Markets Global

IC Markets Global

Block Option

Block Option

XIN YONGAN INTERNATIONAL

XIN YONGAN INTERNATIONAL

Margin FX

Margin FX

GDFXI

GDFXI

PLGFX

PLGFX

EXBANK

EXBANK

ForexCT

ForexCT