Plus500

Plus500 Limited, operating under the domain fxplus500.co.uk, is a United Kingdom-registered entity established on 10 May 2023. The registered address is listed as Fx Plus500UK Ltd, 8 Angel Court, Copthall Avenue, London EC2R 7HJ. Our records indicate that the company has no employees on file, which is unusual for a trading firm and raises immediate questions about its operational capacity.

Despite the name suggesting a connection to the well-known global CFD broker Plus500, this entity appears to be a separate and distinct company. The official domain fxplus500.co.uk is not the domain used by the established Plus500 group, which operates through plus500.com. This discrepancy is a significant red flag that we examine in detail throughout this profile.

Our records list three regulatory licences for Plus500 Limited: an ASIC Market Making (MM) licence (no 417727) in Australia, an FCA Forex Execution License (STP) (no 509909) in the United Kingdom, and an FMA Derivatives Trading License (MM) (no 486026) in New Zealand. However, we must caution that these licence numbers are drawn from our internal records, and we have not been able to independently verify them against the public registers of the respective regulators.

Given the severe risk flags associated with this entity, including its identification as a clone or impersonator firm, it is highly likely that these licence numbers belong to the legitimate Plus500 group or another unrelated entity. Traders should not assume that holding these numbers implies any regulatory oversight of this specific company. We strongly advise verifying any licence directly with the relevant regulator before engaging with this broker.

FXCanary's Scam Risk Score for Plus500 Limited is 85 out of 100, which we classify as 'Severe'. This score is driven by three critical risk flags: the entity is listed as a 'Fake Broker' in industry watchdog records, it is identified as a clone or impersonator firm, and it has no verifiable website or social-media presence.

These flags indicate a high likelihood that this entity is not a legitimate broker but rather an attempt to capitalise on the reputation of the established Plus500 brand. The combination of a recently registered company, no employees, and no online footprint is consistent with a fraudulent operation. We treat these risk flags with the utmost seriousness, as they suggest a potential risk of financial loss for any trader who engages with this firm.

Due to the lack of verifiable information, we cannot confirm what trading products or services Plus500 Limited actually offers. The name and the claimed licences suggest a possible retail forex and CFD offering, but we have no evidence to support this. The official domain fxplus500.co.uk does not appear to host a functional website, and our records show no social-media presence.

In the absence of any official information, we cannot describe account types, platforms, instruments, or funding methods. This lack of transparency is itself a major concern. A legitimate broker would typically provide clear and accessible information about its services, and the total absence of such information is a strong indicator that this entity is not operating in good faith.

Given the severe risk flags and the lack of verifiable information, we cannot recommend Plus500 Limited for any category of trader. The entity appears to be a clone or impersonator of the legitimate Plus500 brand, and engaging with it could expose traders to significant financial risk.

Traders who are seeking a regulated forex or CFD broker should look elsewhere, preferably to firms that are directly regulated by reputable authorities and have a verifiable track record. We advise extreme caution if you come across this entity, and we recommend avoiding it entirely until its legitimacy can be established.

In summary, Plus500 Limited is a high-risk entity that we believe to be a clone or impersonator of the well-known Plus500 brand. It is registered in the UK but has no employees, no verifiable website, and no social-media presence. The regulatory licences on file are unverified and likely belong to another entity.

Our assessment is that this broker poses a severe risk to traders, and we strongly advise against any engagement with it. If you are considering trading with a broker, always verify its regulatory status directly with the relevant authorities and be wary of entities that lack a transparent online presence.