Plus500 Deposit & Withdrawal

When we sit down to write a funding review, we normally have a body of independent user reports to draw on — real traders describing how long a withdrawal actually took, whether the fees matched the schedule, and whether the broker's promises held up in practice. For Plus500 Limited, trading at fxplus500.co.uk, no such record exists. There are no independent reviews, no verified client testimonials, and no public history of payouts or problems. That absence is itself the most important fact in this review.

What we do have is a set of regulatory filings and a risk assessment that should give any trader pause. Our records show a company registered in the United Kingdom in May 2023, with three licences on file — from ASIC, FCA and FMA — and a scam risk score of 85 out of 100, flagged as a 'Fake Broker' in industry watchdog records and identified as a clone or impersonator firm. In this context, the funding section of our review is not about comparing spreads or processing speeds. It is about helping you understand what you can and cannot verify before you send a single pound, dollar or euro to this entity.

Our records list three licences for Plus500 Limited: an ASIC Market Making licence (no 417727), an FCA Forex Execution License (STP) (no 509909), and an FMA Derivatives Trading License (MM) (no 486026). We cross-checked these against the public registers where possible, and we note that the status fields are blank in our files — meaning we have not confirmed active, current authorisation. The registered address is Fx Plus500UK Ltd, 8 Angel Court, Copthall Avenue, London EC2R 7HJ.

Here is where the picture becomes concerning. The name 'Plus500' is famously associated with a major, legitimate, London-listed CFD broker — but that broker's official domain is plus500.com, not fxplus500.co.uk. Our records show zero clone or impersonator sites found for this entity, yet the risk flags describe it as a clone or impersonator firm. That contradiction is exactly the kind of thing we flag for readers: a broker that appears to borrow a well-known name, uses a domain that mimics the original, and has no verifiable website or social-media presence. The licences on file may be genuine numbers, but we cannot confirm they belong to this entity, and the absence of any independent verification is a serious red flag.

We searched our records and the public web for details of Plus500 Limited's deposit methods — bank transfer, credit/debit cards, e-wallets, and so on. We found no official disclosure from the broker itself, and no independent review that lists accepted payment methods. The broker's own claims, if any, are not part of our verified record. In other words, we cannot tell you with confidence which deposit methods this entity actually supports.

What we can tell you is what the legitimate Plus500 brand typically offers — but we must stress that this is not evidence about the entity at fxplus500.co.uk. The real Plus500 generally accepts bank transfers, major credit and debit cards, and a range of e-wallets, with no deposit fees and relatively fast processing. However, because this broker has no verifiable website or social-media presence, any similarity in payment options is purely speculative. Our advice is to treat any deposit method as unconfirmed until you have direct, documented communication from the broker — and even then, to verify the bank account details against the regulatory records, not against the broker's own emails.

The withdrawal side is even thinner. We have no verified information about how this broker processes withdrawals, what methods it offers, or how long they take. There are no user reports of successful or failed withdrawals, no complaints on public forums that we can attribute to this specific entity, and no official policy document. In the absence of evidence, we must state plainly: we cannot verify any withdrawal method, fee, or timeline.

This is not a neutral gap. For a broker flagged as a fake or clone, the withdrawal stage is where problems typically surface — delays, additional 'verification' requests, or outright refusal to return funds. We are not saying this broker will do that; we are saying there is no evidence to reassure you that it won't. The prudent assumption, until proven otherwise, is that any funds you deposit are at risk. That is a harsh conclusion, but it is the honest one given the risk score of 85/100 and the 'Fake Broker' flag in industry watchdog records.

We looked for any disclosure of deposit fees, withdrawal fees, minimum deposit amounts, or transaction limits for Plus500 Limited. Our records contain none. The broker has not published a fee schedule that we can verify, and no independent source has filled the gap. We will not invent figures, and we will not import numbers from web searches that may describe a different entity with a similar name.

What this means in practice is that you would be sending money to a broker without knowing the cost of getting it back. Even in the best case, you might face unexpected charges; in the worst case, you might not get it back at all. For any trader, but especially for one considering an unverified broker, the absence of a clear fee schedule is a warning sign. Legitimate brokers publish their terms; this one, as far as we can determine, does not.

The name 'Plus500' carries significant weight in the retail trading world. The legitimate Plus500 is a well-known, regulated CFD provider with a long operating history. That reputation is precisely why a clone or impersonator might choose the name — to borrow trust that it has not earned. Our records flag this entity as a clone or impersonator, and the domain fxplus500.co.uk is a close variation of the legitimate plus500.com.

We must be careful here: the licences on file (ASIC, FCA, FMA) are the same regulators that oversee the real Plus500, but licence numbers alone do not prove identity. A clone can cite numbers that belong to another firm, or that have been revoked. We cross-checked the numbers against public registers as far as our records allow, but the status fields are blank, and we cannot confirm that this entity is the authorised holder. For a trader, the practical test is simple: contact the regulator directly and ask whether the licence belongs to the entity at fxplus500.co.uk. If you cannot get a clear 'yes', do not deposit.

Given the lack of verifiable information, we cannot recommend funding this broker at all. But we understand that some traders may still consider it, perhaps drawn by the familiar name or attractive terms. If you do proceed, we urge you to follow a strict set of precautions. First, start with the smallest deposit you are willing to lose entirely — treat it as a test, not an investment. Second, attempt a withdrawal as soon as your account is funded, before you place any trades; a broker that cannot return your money quickly is a broker you should abandon.

Third, keep meticulous records of every communication, deposit confirmation, and transaction ID. Save screenshots of the broker's website and any emails. Fourth, verify the bank account details against the regulatory records — the account name should match the legal entity, not a third party. Finally, consider using a payment method that offers some form of chargeback protection, such as a credit card, rather than a bank wire or cryptocurrency, which are nearly impossible to reverse. None of these steps guarantee your funds are safe, but they give you the best chance of detecting a problem early.

Even if you decide to test this broker, be alert to common warning signs during the deposit and withdrawal process. If the broker asks you to send funds to a personal bank account or a name that does not match the legal entity, that is a major red flag. If the deposit is processed through a third-party payment processor that you cannot verify, that is another. And if you encounter any pressure to deposit more money before you have successfully withdrawn your initial test amount, that is a clear sign to stop.

On the withdrawal side, be wary of unexpected 'verification' demands — excessive documents, notarised forms, or fees to release your funds. Legitimate brokers require standard KYC documents, but they do not invent new requirements after you request a withdrawal. If you experience any of these tactics, document everything and report the broker to the relevant regulator. In our assessment, the likelihood of such problems is elevated for this entity, given its risk flags and lack of independent record.

In summary, our review of Plus500 Limited at fxplus500.co.uk finds no verifiable information about deposit or withdrawal methods, fees, minimums, or processing times. The broker has no independent review record, no confirmed website, and a severe scam risk score. The regulatory licences on file are unconfirmed, and the entity is flagged as a clone or impersonator. We cannot recommend funding this broker under any circumstances.

If you are looking for a CFD or forex broker, we strongly suggest you consider well-established, fully verified firms with a long history of regulatory compliance and independent user reviews. The extra effort of choosing a reputable broker is small compared to the risk of losing your entire deposit to an unverified entity. At FXCanary, our job is to help you avoid that risk, and in this case, the evidence — or rather, the lack of it — speaks clearly. Do not send money to a broker you cannot verify, no matter how familiar the name sounds.