Plus500 Review for Canadian Traders

Is Plus500 safe? CIRO membership, Plus500CA Ltd.

Yes, Plus500CA Ltd. is the CIRO dealer member a Canadian retail client contracts with, and I verified its entry in the CIRO dealer directory (read September 26, 2026).

CIRO registration and global licences

The CIRO dealer directory lists Plus500CA Ltd. as an Investment Dealer, and the CIPF member list carries it as a current member. It acts on an order-execution-only basis and gives no advice or recommendations. A CIRO member bulletin records Plus500CA Ltd. as admitted to membership as an investment dealer, effective June 19, 2025. The firm gives its NRD number as 78720 and describes itself as a corporation incorporated under the federal laws of Canada, at 5200 Yonge Street, Suite 200, North York, Ontario. In Alberta, the services are available to accredited investors only, and the User Agreement requires an Alberta client to be an accredited investor under NI 45-106 who trades as principal.

CIRO enforcement history

I ran CIRO’s enforcement proceedings search, active and concluded, for Plus500, and it returned no decision. CIRO notes that older IIROC and MFDA hearing decisions are also on CanLII, which I did not search.

Where a Canadian client’s money is held

Client money is held in a designated trust account with a Schedule 1 Canadian bank, which the firm does not name. Excess margin funds are held in trust, segregated from the firm’s operating funds. The User Agreement adds that the firm does not intend to, but reserves the right under the IDPC Rules to, use free credit balances in the ordinary conduct of its business, in which case they are not held in trust. Client money earns no interest.

Who a Canadian client contracts with

The contract is with Plus500CA Ltd., which acts as counterparty (principal) to every client transaction, and trades are not carried out on an exchange (User Agreement, pp. 2 to 4). Plus500CA Ltd. is a subsidiary of Plus500 Ltd, which is listed on the London Stock Exchange Main Market, and it outsources certain payment-processing functions to Plus500 Ltd while remaining responsible for client money. CIPF covers only accounts at a CIRO member, and an account with any other entity, affiliates included, is not covered (CIPF Coverage Policy, s. C.2). Plus500CA Ltd. is on CIPF’s current member list, and Plus500 Ltd is not.

How to complain, and who hears it

A formal complaint goes through the platform’s Contact Us tab (Menu, Help) or online chat. The firm sends an acknowledgement letter within 5 business days and a substantive response within 90 calendar days (Complaints Process).

This page covers the Canadian dealer Plus500CA Ltd., while our Plus500 review covers the brand worldwide.

Plus500 client money protection and dispute scheme

CIPF states its limits for an individual as “$1 million for all general accounts combined (such as cash accounts, margin accounts, TFSAs and FHSAs)”, plus a separate $1 million for all registered retirement accounts combined and a separate $1 million for all RESPs combined. CIPF covers property a member firm holds for you that is not returned after the firm’s insolvency, and it does not guarantee the value of that property. I read these limits on the CIPF coverage page, and I would not describe them as this firm’s advantage: every dealer in the Canadian set we rate is a CIPF member.

After the firm’s substantive response, you can take your dispute to arbitration, to OBSI (Ombudsman for Banking Services and Investments) within 6 months of the response letter, to a complaint with CIRO, or to a lawyer. The firm’s Complaints Process names these routes and cites CIRO’s IDPC Rules and its “How to Make a Complaint” brochure (Complaints Process).

Plus500 at a glance: 12 key facts

The table below pulls together the facts I verified on this dealer, each with the document it comes from. Read the fee rows with care, since the firm quotes most of them in US dollars. Your starting point is the minimum deposit row.

Plus500 spreads and commission

Plus500 charges you mainly through the buy/sell spread, and it advertises that it charges no dealing commission (Fees and charges). What you pay on each trade is the spread you see live in the platform, and the firm publishes no typical or minimum EUR/USD spread on its Canadian fees page.

CFD account

The fees page gives an illustrative EUR/USD example of a 0.6 pip market spread, buy 1.12078 and sell 1.12072. It is an example, not a published typical or minimum, and your live spread shows in the platform.

What it costs to trade with Plus500

The EUR/USD instrument page showed buy funding of -0.00758% and sell funding of -0.00064% a day, charged as trade size x position opening rate x point value x the daily overnight funding percentage. The firm publishes no benchmark or markup behind that percentage. I also read the User Agreement’s fee clauses. A Canadian client pays up to 0.7% of the realized net profit and loss on trades in instruments priced in a currency other than the account currency (User Agreement).

Other fees a Canadian trader should check

The inactivity fee is up to US$10 (or equivalent) a month after at least 3 months without a login, charged monthly until the next login and capped at the remaining balance, and a withdrawal above 5 a month, a withdrawal below the minimum, and an account-closure refund by a non-card method each cost US$10 (User Agreement). A bank transfer withdrawal costs up to US$6 (or equivalent). A guaranteed stop order is charged through a wider spread, shown in the instrument details when placed, non-refundable once activated, and not available on every instrument; no amount is published.

Plus500 funding methods and withdrawal times

You fund a Canadian account by Visa or Mastercard card, PayPal, Skrill, or bank transfer, with a note that some methods may not be available in your region. Plus500 charges you no deposit fee, though third-party bank or issuer fees may apply. Your deposits must come from a payment method in your own name (Deposits FAQ).

Deposit methods

The deposit routes are the four above. The deposits FAQ gives no time for a deposit to be credited. Each method has its own minimum, which you see on the Deposit screen.

Withdrawals

Your withdrawals go by PayPal, Skrill, bank transfer, or credit card, and card deposits are refunded to the card first. The minimum is US$50 (or equivalent) for PayPal and Skrill, and US$100 for bank transfer and credit card. You get up to 5 withdrawals a month without the extra fee. Withdrawals are processed within 1 to 3 business days, and when the money reaches you depends on the payment method and the third-party remitter (Withdrawals FAQ).

Plus500 account types and minimum deposit

You get one Real Money account type plus an unlimited demo account, and accounts are for individual clients only, with no institutional or corporate accounts (Relationship Disclosure Information).

Minimum deposit

The minimum deposit is C$100, which the firm states as “Start with a minimum amount of C$100”. The deposits FAQ adds that each method has its own minimum, shown on the Deposit screen.

Account currencies

Your margin deposits must be made in the account base currency “as specified on the Trading Platform”, and the User Agreement does not state the list of base currencies. The Canadian site does not list the account base currencies it offers.

Plus500 trading platforms

You trade on the Plus500 proprietary platform, through Web-Trader, the iPhone and iPad app, the Android app, and the Windows app (Opening an Account FAQ). No MetaTrader or TradingView platform is named.

Plus500 execution speed and slippage

Execution speed was not measured for this dealer, and I state no fill time. Our global broker test scored the brand, not the Canadian entity, and no Canadian execution figure exists on this page.

Plus500 markets

The firm offers you CFDs on shares, ETFs, foreign exchange, options, indices and commodities (Relationship Disclosure Information, p. 3, s. D). It says the portfolio currently runs to over 2,800 instruments (About us page). We counted 78 forex instruments on the Canadian instruments listing, with 29 indices, the same number of commodities, 1,267 shares, and 95 ETFs. The Canadian relationship disclosure product list and the Canadian instruments listing name no crypto CFD, so you cannot trade one here. Note the trading restrictions: scalping (positions opened and closed within 3 minutes), automated data entry, and hedging are prohibited (Trading FAQ).

Plus500 leverage and margin for Canadian clients

The firm states EUR/USD initial margin of 5.00% and maintenance margin of 2.50%, which is leverage of 20:1 on that pair (EUR/USD instrument page). The highest forex leverage I read on the instrument pages is USD/CAD at 50:1. The TSX 60 index CFD carries 10% margin (10:1), gold 6.46% (15:1), oil 12.79% (8:1), and the RY share CFD 30% (3:1). The firm can raise your margin requirements, including on open positions, with notice. Margin Close-Out Protection closes your positions when equity falls to 50% of the minimum required margin, and Negative Balance Protection limits your total liability as a retail client to your trading account balance (User Agreement).

The relationship disclosure says CIRO treats CFDs and FX as futures for supervisory purposes under the IDPC Rules. Under the IDPC Rules, section 5460(1), the minimum client account margin for a foreign exchange position is the spot risk margin plus the term risk margin, and section 5468(1) applies this to client accounts. The spot risk margin rate is set for each currency group and rises by a surcharge when a currency’s volatility runs above its group’s threshold. A CIRO rules bulletin effective August 13, 2025 sets the euro at 3.00% in both CAD-base and USD-base accounts, the U.S. dollar at 2.00% in a CAD-base account, and the Canadian dollar at the same rate in a USD-base account. Your dealer must use these rates with sections 5461 to 5469 of the IDPC Rules.

How Plus500 compares to OANDA and CMC Markets

OANDA (Canada) Corporation ULC advertises its standard spread-only pricing at “0.6 pips for typical EUR/USD order sizes” (platform page). Its Core pricing carries a EUR/USD minimum spread of 0 with a commission and a $10,000 qualifying balance. CMC Markets Canada Inc. scores 64.6 out of 100, global, with a standard account EUR/USD minimum spread of 0.5 and no separate FX commission, and an FX Active account with spreads from 0.0 pips on six majors plus commission of $2.50 per lot per side, also stated as $2.5 per $100,000 notional.

Both rivals publish a EUR/USD pricing figure. You can read the OANDA review for Canadian traders and the CMC Markets review for Canadian traders for their full Canadian terms, and our guide to forex brokers in Canada sets out the whole rated field.

What other review sites say about Plus500

These are ratings of Plus500 from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.2 / 5	19,871	September 10, 2026
Google Play	4.4 / 5	126K	September 10, 2026

Plus500 holds a Trustpilot rating of 4.2 out of 5 from 19,871 reviews, checked September 10, 2026.

Plus500 Trading is rated 4.4 out of 5 on Google Play (United States store) from 126K reviews shown worldwide, checked September 10, 2026.

Our Plus500 score rests on published criteria, and these third-party ratings carry no weight in it.

Should you open a Plus500 account?

Yes, I would open a Plus500CA Ltd. account if I wanted a wide CFD market range from a CIRO investment dealer and I was comfortable with the firm’s proprietary platform.

Before depositing, check the CIRO dealer directory entry for Plus500CA Ltd. and the firm’s Canadian site for the account base currency and the withdrawal route you will use.