CFD Trading with Plus500 from South Africa
Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including Contracts for Difference (“CFDs”) and Share dealing, and in the United States, Plus500US offers futures trading. Plus500 has a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and is a constituent of the FTSE 250 index.
If you are South African, here's what you need to know about this international trading platform.
Is Plus500 available in ZA?
Many locals ask about the availability of Plus500 to clients residing in the country, and the answer is yes; Plus500 opens trading accounts to clients who live in South Africa. Moreover, Plus500 is regulated by the FSCA of SA as Authorised Financial Services Provider #47546.
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What is Plus500?
Plus500 is a global trading platform allowing customers to trade more than 2,500 underlying international financial instruments, comprising CFDs on equities, indices, commodities, options, ETFs, Forex and cryptocurrencies.
Plus500 retains operating licences and is regulated in the UK, Australia, Cyprus, Israel, New Zealand, Singapore and Seychelles. Plus500 stock is listed on the Main Market of the London Stock Exchange (symbol: PLUS) and is a constituent of the FTSE 250 index (Britain's preeminent shares index). According to the company's Financial Report issued at the end of 2020, the platform had over 430k active traders.
South African Financial Assets offered by Plus500
Forex CFDs
Plus500 offers the USDZAR, EURZAR, and GBPZAR pairs.
South African Stock CFDs
Plus500 offers commission-free trading on CFDs on shares listed at the Johannesburg Stock Exchange like:
Absa Group
Anglo American
Anglo American Platinum
AngloGold Ashanti
Aspen Pharmacare
Bid Corp
Bidvest Group
Capitec Bank
Clicks
FirstRand
Gold Fields
Impala Platinum
Kumba Iron Ore
MTN Group
Naspers
Nedbank Group
NEPI Rockcastle
Northam Platinum Holdings
Old Mutual
Sanlam
Sasol
Shoprite
International Financial Instruments offered by Plus500
Forex: +70 CFDs on currency pairs – Majors, minors, and exotics.
Stocks: +1,500 CFDs on Stocks from 17 major Stock Exchanges, among which are the New York Stock Exchange, Nasdaq, London Stock Exchange and Xetra, four of the most popular Stock Exchanges among investors.
ETFs: 86 CFDs on ETFs from iShares, Vanguard, Invesco, VanEck, SPDR, ProShares, and Direxion, among other asset managers.
Commodities: CFDs on 22 commodities, including Gold and Oil, which are the most popular among SA traders.
Indices: Plus500's offering on indices' CFDs divides into 27 CFDs of stock exchange indices and several industrial indices (Cannabis, Real Estate, Crypto, and NYSE FANG+).
Options: CFDs on 20 options (Underlyings: Commodities, Indices and 10 CFDs on Shares' Options).
Cryptocurrencies: CFDs on eight coins and crypto pairs.
Is Plus500 a trustworthy broker for South Africans?
A way to understand if a Broker is reliable is through the Public entities that regulate its operations. Plus500 is governed in the following jurisdictions:
Plus500CY Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500AU Pty Ltd holds AFSL #417727, issued by ASIC, FSP No. 486026, issued by the FMA in New Zealand and Authorised Financial Services Provider #47546, issued by the FSCA in South Africa.
Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).
Plus500's WebTrader platform is simple to use, yet powerful in its capabilities. Search any instrument and click on Buy to start gaining exposure to the underlying asset.
How to Open a Trading Account with Plus500 from SA
Opening an investment account with Plus500 from South Africa is a process that is completed online and requires:
Register on Plus500's website, and try the DEMO.
Upload your National ID Card or Passport and proof of address (electricity, water bills, etc.), through Plus500's App.
Once their administration team approves your account, it's time to deposit cash. The minimum deposit is ZAR 1500. The depositing and withdrawing money methods are Credit Cards, Bank Transfers or eWallets (PayPal, and Skrill).
Once Plus500 applies your funds to the account, you are ready to trade.
How to start trading with Plus500?
Plus500 allows investing in financial markets, straightforwardly through an optimised trading app called WebTrader. Designed in a way that the investor can learn and start trading very quickly, without the need for much prior knowledge, to buy CFDs on shares of, for example, Apple, or Capitec, you have to:
open the trading account as explained before,
deposit money,
Search for "Apple" or "Capitec" on Plus500's Trading platform, and
Press the "Buy" button.
And, done, you are officially trading in financial assets with Plus500.
Plus500's Minimum Deposit in South Africa
We have saved some good news for the last paragraph: Opening an account with real funds requires USD 100 (Or 1500 Rand).
Bottomline
Plus500, an international, reliable and robust trading platform, provides you with live access to global markets in the form of CFDs on multiple asset classes, quickly and straightforwardly. Good luck and trade safely.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved. Please consider our Risk Disclosure Statement and User Agreement before using our services.