Plus500 Review 2026: Is Plus500 As Good As They Say?

Is Plus500 legit?

The short answer is yes, this prediction markets platform is legit. It started as a global financial tech company in 2008. Today it operates in the United States, and as of 2026 it began offering event contract trading to those in the U.S. The brand is registered with and regulated by the federal government, specifically the Commodity Futures Trading Commission (CFTC). The brand is also a registered member of the National Futures Association (NFA).

Aside from this regulatory oversight, you’ll also find this platform is secure. It uses a valid security certificate and advanced (bank level) encryption technologies to keep your data safe.

Overall, I found Plus500 to be a legit and secure platform, and you can sign up with confidence.

Is there a Plus500 sign up bonus available?

Yes, new event contract traders can trade $10 to get a $20 bonus. This bonus is a little smaller than what other brands offer. If you’ve read my Fanatics review, then you’re aware of bigger bonuses on offer. Nevertheless, Plus500 offers a decent deal. Taking advantage of the bonus offers traders a low-risk way to learn about the platform and start trading event contracts.

In some cases, a Plus500 promo code may be required to claim the offer. If that’s the case here, you’ll find a code on the banners on this page. Most of these offers have tight expirations. In most cases, the promo expires by a certain date or when 5000 people have taken advantage of the offer, whichever comes first. You’ll find the latest offer listed on the banners on this website, so check it out to learn more.

You’ll also note that there is a deposit offer where traders can collect up to $200 as a commission credit bonus. This specific bonus is for futures traders, not prediction market users.

Is there a referral reward available?

Yes, all traders on the site can collect $100 as a commission credit bonus for each of their first four qualified referrals. On your fifth and final referral, you’ll be able to collect a $300 cash bonus. You’ll need to fund your own account and make at least one trade before you’re eligible to participate in the referral program.

I love the $300 cash bonus for the fifth referral, which is bigger than what you can collect on many other sites. My hope is that they raise the cap, such as allowing traders to refer up to ten friends.

Note that you can learn more about the Plus500 bonus for new traders as well as other offers inside my full bonus review.

Review of the Plus500 loyalty rewards program

While the brand’s loyalty program looks promising, the details are fairly sparse about how it works. I contacted customer service to get more details, and they weren’t able to provide much in the way of additional information. Here’s what I do know:

The loyalty program comes with three tiers: Premium, Elite, and Ambassador. Users progress through these tiers by collecting Trading Points. You’ll need 500,000 Trading Points to reach the Premium tier. Once you hit that level, you’ll get loyalty rewards, a personal client manager, discretionary commission credits, and a technical analysis subscription. Your rewards and perks increase as you move through the tiers.

How do you progress through the tiers?

The issue I have is that it’s unclear what you need to do to collect 1 Trading Point. Customer service could only tell me that the program is only for “highly engaged” traders. They also assured me that Trading Points are not the equivalent of USD traded. They told me to watch my progress through the site to get a better feel for how to collect Trading Points. That’s a disappointing answer. I’ll give them the benefit of the doubt for now and assume that they’re still working out the kinks in the program since it’s still fairly new.

If and when more details become available, I’ll update my Plus500 review. Now let’s turn our attention to the site and its offerings.

What to expect when using the Plus500 website

Plus500 prediction markets trading app

Trade on the global markets seamlessly with Plus500

Since this is a longstanding fin-tech brand, it’s no surprise that the site has a professional, institutional feel. The design is dark blue with white, and you can choose a dark or light theme. The site is also quite busy as there are markets, links to important pages such as your account and support, graphs, and more. While there’s a lot packed into the site, it’s not overwhelming. It’s laid out well and easy to move around the platform.

The market categories and subcategories are clear with advanced filtering, so it’s a simple task to find what you need. There’s also a search feature if you’d rather not browse through the categories.

One standout feature of this site is that there is a demo mode available. You can learn all about the platform and practice trading in demo mode, meaning you don’t have to risk a cent. I highly recommend beginners learn trading on the demo mode first before switching to real money.

Is there a Plus500 app?

Yes, both Android and iOS apps are available. Both apps match the site’s overall feel, and they both offer good performance. The iOS app is slightly better than the Android app, at least according to the Plus500 ratings in the Google Play and Apple App Store. I used the Android app and I have zero complaints – it’s fast and intuitive. There’s not a big learning curve required to use it, so all you need is a couple minutes to explore the app before you’ll feel confident.

My recommendation is that if you intend to trade on your phone, then using one of the apps is the way to go. These apps offer convenience, they’re easy to find your way around, and they’re highly optimized for mobile use.

On the other hand, if you have a bigger device – such as a laptop or desktop – then I suggest you use that for trading when you’re at home. You’ll see candlestick graphs and other data alongside all the markets, and it’s easier to see these graphs on a bigger screen. There’s also less tapping and scrolling to move between the graphs and other features.

What prediction markets are available at Plus500?

Explore various prediction markets at Plus500

Trade top event contracts and assets with ease

This brand is partnered with Kalshi to provide its prediction markets exchange, so you’ll find most of the same markets here as on Kalshi. Here are the main categories:

• Sports
• Science and Technology
• Politics
• Mentions
• Financials
• Entertainment
• Elections
• Economics
• Crypto
• Companies
• Commodities
• Climate and Weather

Within these categories there is somewhere in the neighborhood of 300 prediction markets. One thing I like about this platform is that the volume for each market is clearly displayed. This is important, as it gives you insight into the liquidity so you can get a sense of how easy or hard it might be to open or close positions. This also gives you an idea of how much slippage might be present. This data is similar to what you’ll find on other platforms, which you may have read about in this OG review.

Volume runs from around $15,000 for unpopular markets, all the way up to $200 million for bigger markets. You can expect volume to rise over time as this brand becomes more popular for prediction markets.

What are the fees?

The fees are straightforward. You’ll pay $0.02 for each event contract trade. The breakdown is $0.01 as a commission fee, and $0.01 for the exchange fee. I like that the fees are predictable and straightforward. I’d like to see lower fees for Makers or for certain types of orders, which is common on other platforms. You can see our PrizePicks review for an example of a site that offers lower fees for specific types of orders.

Review of the Plus500 deposit and withdrawal options

Your deposit and withdrawal options are the same on this site. In fact, this site enforces “closed loop” payments, meaning they’ll send your withdrawals back to the same account from which you made a deposit. Here are the options:

It’s important to note that the transaction speed applies to both withdrawals and deposits. The deposits can take time since they need to move from your account, to a third-party payment processor’s account, and finally to your Plus500 account. However, in some cases you may be able to start trading even before the funds “officially” reach your account, as long as the funds are confirmed and on their way.

This funding and withdrawal options are fairly standard at CFTC-regulated sites, since traditional fiat currency is used rather than crypto. The only thing I’d like to see here is for Plus500 to drop the withdrawal fees on all withdrawals, which would bring it more in line with other platforms.

Review of the Plus500 customer service experience

This brand offers you the following options when you need help:

DIY documentation

This brand offers an extensive collection of self-help documentation. You’ll find a decent collection of FAQs about prediction markets and getting set up. Where this brand shines is in their “Academy” section, where you can read articles and watch videos on a variety of topics. Most of these topics will teach you about the ins and outs of trading on the platform, risk management, and other issues.

Live chat support

If and when you need human help, the live chat option is the way to go. There is no AI agent. That’s good for those who hate having to beg a robot for human help. Instead, you ask your question directly, and within two or three minutes you’ll have a human helping you out. The support rep I talked to was friendly and helpful with most of my issues, and I expect you’ll have the same type of good experience.

Send a message

If you’re not interested in chatting with support, and you don’t mind waiting for an answer, then you can send a message. In most cases, you’ll still get an answer back quickly. Most traders report getting support within a few hours, and some report getting their issues cleared up in 10 minutes or so.

Bottom line: this brand clearly cares about traders, and they prioritize providing great support.

Wrapping up my Plus500 review

This brand offers a welcome bonus, prompt customer support, and a nice assortment of prediction markets. The volume is clearly stated next to each market, and fees are straightforward at $0.02 per trade. Your funding and withdrawal options are standard for CFTC-regulated platforms. The demo mode provides you with a free way to learn about the platform and how to trade event contracts, which I love. I would like to see more details provided about the rewards program, but I suspect that may come in time.

When you’re ready to join me on this site, all you have to do is tap the Plus500 banner on this page to get started. The banner will let you know what offers are available to you, and whether a promo code is required. Enjoy!

Plus500 ratings and review FAQ