Plus500's UK fees page tells a retail visitor to trade and pay 0 fees for opening and closing trades. The same page says the firm does not charge dealing commissions. It also says Plus500 is mainly paid through the bid/ask spread, so opening a position means paying that spread. A zero-commission sentence and a spread taken on entry are not the same cost. On one standard EUR/USD lot, the spread is the ticket.
At 07:43 UTC on 6 October 2026 the British forex page, which marks its prices as delayed, showed EUR/USD at 1.12163 bid and 1.12172 ask. That gap is 0.9 pips. On 100,000 euros a pip is worth $10, so the round turn is $9, and the fees page adds no dealing commission. The same page's worked example, labelled as an example, uses 1.12078 against 1.12072 and calls the gap 0.6 pips. The example is not the morning print.
- Delayed EUR/USD print: 1.12163 bid, 1.12172 ask, 0.9 pips, $9 on a standard lot, $0 dealing commission. Plus500 en-gb forex page, 07:43 UTC, 6 October 2026.
- Worked example on the fees page: 0.6 pips, from 1.12078 against 1.12072, marked as an example rather than a live quote. Plus500 fees page, 6 October 2026.
- UK contract: Plus500UK Ltd, FCA firm reference 509909, England and Wales company 07024970, office at 8 Angel Court, London EC2R 7HJ. Risk warning on that page: 76% of retail investor accounts lose money. Fees and about pages, 6 October 2026.
- Forex terms on the UK page: margin up to 1:30, and a minimum of £50. Plus500 en-gb forex page, 6 October 2026.
- H1 2026, unaudited, six months to 30 June: revenue $462.9 million, EBITDA $187.5 million, net profit $151.9 million. Interim results, 10 August 2026.
- Inactivity fee up to $10 a month after three months without a login. Currency conversion up to 0.7% of realised net profit and loss when the instrument currency and the account currency differ. Fees page, 6 October 2026.
What the delayed print actually costs
One standard lot is 100,000 euros. A pip is 0.0001, and because the quote currency is the dollar, one pip on that lot is worth $10. The spread is paid once on the round turn. It is not a second commission. On this card, 0.9 pips is $9, and the dealing commission is zero. The fees page says the spread sits inside the quoted rates, so adding $9 again on top of the price would count it twice.
The public site does not publish a full EUR/USD schedule. It publishes a delayed widget, a footer that says the prices are delayed, and one labelled example at 0.6 pips. To see the instrument's own spread the fees page says to log in and open the details block. The 0.6 pip passage is the illustration. The widget is the print.
Two other tickets were built the same way, from pages opened on 6 October 2026, and neither figure is taken from an older review on this site. The easyMarkets EUR/USD ticket review used that same standard-lot test on a different firm. This chart does not reuse its number.
| Firm and account | Spread used | Round-turn commission | All-in per standard lot |
|---|---|---|---|
| Plus500UK Ltd, UK retail CFD, own platform | 0.9 pips, delayed widget, 07:43 UTC, 6 October 2026 | $0 | $9.00 |
| Exinity Limited, FXTM Advantage, Mauritius | 0.1 pips, forex widget, same morning | $7, stated on the Advantage page | $8.00 |
| Dukascopy Bank SA, JForex self-trader, entry tier | 0.25 pips, Europe session, day setting, feed stamped 5 October 2026 | $7.84 | $10.34 |
FXTM's markets page printed EUR/USD at 1.1249 bid and 1.12491 ask, a gap of 0.1 pips, or $1. The Advantage page prices forex at $3.50 per lot and states a $7 round turn. Together that is $8. The page offers margin up to 1:3000, not the UK cap of 1:30, and the footer says UK residents are outside the service. The bar is an offshore ticket, not a substitute for Plus500UK.
The contracting firm on those pages is Exinity Limited, NEX Tower, Ebene, Mauritius, FSC investment dealer licence C113012295, with FSCA FSP 50320 also named in the footer. The $8 is that firm's Advantage card, not a Dubai affiliate listed nearby for promotion work.
Dukascopy is dearer because of commission, not because the average spread is wide. The average-spreads widget on dukascopy.com is stamped 261005, 5 October 2026. On the day setting the Europe column for EUR/USD is 0.25 pips, the US column 0.24 and Asia 0.36, with a minimum of 0.10 and a day maximum of 8.60. This review uses Europe because 07:43 UTC is 08:43 in London. At $10 a pip, 0.25 pips is $2.50.
The JForex self-trader schedule, marked published on 5 October 2026, charges currency commission in dollars per million dollars traded, on the open and again on the close. Under $5,000 of net deposit or equity, and under $5 million traded in 30 days, the rate is $35 per million. The page applies the lowest rate among deposit, equity and recent volume, so a small account sits on $35 rather than the $5 row at the bottom of the table.
The ECB rate for 5 October 2026, via frankfurter.dev, was 1.1204 dollars per euro. One standard lot is $112,040. Per side, $35 per million is $3.9214. Both sides are $7.84. Add the $2.50 spread and the all-in is $10.34. The rate is stated because the schedule is per million dollars.
Interactive Brokers' spot-currency page is not a bar. It publishes 0.20 basis points of trade value under a $1 billion monthly tier, minimum $2 per order, and a line about quotes as small as 0.1 pip. That line is a floor, not a retrieved bid and ask, so there is no all-in. Capital.com's UK page labels a 0.6 pip EUR/USD case as an illustration. It is not used. Pages that returned no figure are left out.
Who the UK client actually contracts with
The en-gb fees page and the UK about page name Plus500UK Ltd as the firm offering the platform. The footer states that Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority, firm reference 509909, and gives the office as 8 Angel Court, Copthall Avenue, London EC2R 7HJ. The about page adds that Plus500UK Limited is registered in England and Wales, company number 07024970, and that it is a subsidiary of Plus500 Ltd, the company listed on the London Stock Exchange.
The FCA register did not load in this session, so 509909 is the number Plus500 prints, not a fresh register extract. The footer also names other group firms. A different country site is not automatically this FCA contract.
That distinction is the whole of the entity test. The IronFX review separates a Marshall Islands contract from a CySEC file. The same question applies here: the brand on the logo is not the firm that holds the money.
Client money, on the about page, is held on a segregated basis under FCA client money rules. That is a statement about custody, not about trading results. The fees page warns that 76% of retail investor accounts lose money with this provider.
The UK forex page states margin up to 1:30 and a £50 minimum. It describes Plus500's own platform. The published dealing cost is the spread, not a MetaTrader commission card.
The parent is a different company. Interim notes dated 10 August 2026 say Plus500 Ltd was admitted in London on 24 July 2013, sits in the ESCC category of the Official List, and is in the FTSE 250 and the STOXX Europe 600. The group's principal office in those notes is Building 10.2, Matam, Haifa 3115001. The UK about page still says premium listing. The August notes are the later document, and they say ESCC.
The about page dates the original group, and its first PC platform, to 2008, and says the UK firm offers a portfolio of over 2,800 instruments. None of that changes the $9. It does fix who is speaking when the fees page says "we".
Charges that sit beside the spread
A round turn at $9 is the dealing cost on the delayed EUR/USD print. It is not the whole schedule.
Overnight funding applies if a position is still open past a stated time. The fees page formula is trade size, times the opening rate, times point value, times a daily percentage. For EUR/USD that percentage is not on the public page. It sits in the platform details. No nightly rate is invented here.
Currency conversion is up to 0.7% of realised net profit and loss when the instrument currency differs from the account, and it shows in the open result. EUR/USD results are in dollars. A dollar account does not pay it on this pair. A sterling account pays it on the result, not on the $9 spread.
The inactivity fee is up to $10 a month after three months without a login, then monthly, and it is the lesser of the balance or $10. Plus500 says it does not charge deposit or withdrawal fees. A bank still might.
An order that holds a chosen exit level is, on the fees page, subject to a wider spread. The extra width is not given in pips. The $9 figure is the plain delayed quote, before that order.
Plus500's published dealing cost is the spread. FXTM Advantage publishes a thin spread and a $7 commission. Dukascopy's Europe-day average is thinner than 0.9 pips, and the entry commission more than closes the gap. Sorting by "zero commission" misses the $9. Sorting by "spreads from zero" misses the $7.
What the listed group reported
The interim results for the six months to 30 June 2026, released on 10 August 2026, put revenue at $462.9 million against $415.1 million. EBITDA was $187.5 million against $185.1 million, and the margin moved from 45% to 41%. Net profit was $151.9 million against $149.6 million. Basic earnings per share were $2.17 against $2.05. Customer income was $460.8 million against $371.5 million.
Cash was $861.3 million at 30 June 2026, and the notes say the group has been debt-free since inception. The same release announced shareholder returns of $182.5 million. Those are group dollars. They are not a credit on a retail EUR/USD ticket.
David Zruia, chief executive, said in that release: "H1 2026 was an outstanding period for Plus500. We delivered record results for a six-month period, reflecting the compounding quality and value of our customer base, the resilience of our global OTC and non-OTC businesses, and the enduring power of our proprietary technology." The source is the interim results PDF dated 10 August 2026. The sentence is about the half year. It is not a description of the 0.9 pip print.
Prof. Jacob A. Frenkel, chair of the board, signed the 2025 annual report's chair's statement on 19 March 2026. It records FY 2025 revenue of $792.4 million and EBITDA of $348.1 million, matching the preliminary results of 9 February 2026, plus $365 million of returns announced in FY 2025 and a further $187.5 million in February 2026. Those are not the August repurchase and dividend announcement. He wrote: "Plus500 made meaningful progress during FY 2025 across several important strategic initiatives. Reflecting our excellent strategic positioning and financial strength, the Board and I look to 2026 and beyond with confidence." The source is the 2025 annual report. That is a view of the year, not of a Tuesday spread.
The RoboForex review is a recent case of two addresses sitting under one brand. Plus500's version of that problem is milder and better documented: a London FCA subsidiary for the UK retail contract, a Haifa address for the listed parent, and a footer full of other licensees. The accounts above belong to the parent group. The $9 belongs to Plus500UK's quote.
RelatedIronFX Review 2026: Marshall Islands Contract, CySEC File
What would change this reading
This is a cost reading, not a price target and not an instruction to open an account. The editorial score is 3.5 out of 5. The $9 ticket is ordinary beside the two peers on the chart. The failure is the "0 fees" line on opening and closing trades while the same page collects the spread. The UK entity is named and the overnight percentage is not public. A 3.5 records that mix. The firm's own 76% warning, not this score, is the figure for how often retail accounts lose money.
Four things would move the score.
A real-time EUR/USD spread inside the platform, materially different from 0.9 pips on a London morning, would replace the delayed widget. The 0.6 pip example still would not.
A published overnight percentage for EUR/USD would close the largest hole. The formula is public. The rate is not, so a position held through the funding time cannot be costed from the website alone.
An FCA firm on the same 1:30 cap, with a full all-in below $9 retrieved the same day, would move the ranking. FXTM is cheaper and is not that firm. Dukascopy is a Swiss schedule. The City Index review is a separate UK file, and it supplies no number here.
A change on the card would move the score even if the print stayed at $9. A new dealing commission would raise the all-in. Dropping the "0 fees" line for opening and closing, and leading with the spread in pips, would remove the myth. A rally or a fall in the euro would not. The pip stays worth $10 on a standard lot while the contract size stays 100,000 and the quote currency stays the dollar.
On the plus side
- The UK pages name Plus500UK Ltd, an FCA reference, a company number, a London office, and segregated client money.
- The dealing commission on the published UK card is zero, so the spread is not hiding a second ticket charge.
- On this morning's delayed print, $9 sat between an $8 offshore raw-style ticket and a $10.34 Swiss entry-tier ticket.
- The parent files audited-style numbers, names its chief executive and its chair, and gives a Haifa address that is distinct from the UK office.
On the other side
- The "0 fees" line for opening and closing trades does not describe the spread the same page says the client pays.
- The public EUR/USD cost is a delayed widget plus a labelled 0.6 pip example, not a schedule.
- The overnight percentage sits inside the platform.
- A sterling account can pay up to 0.7% on the result when the profit currency is the dollar.
- 76% is the firm's own loss warning for retail CFD accounts. Exinity's cheaper bar is not available to UK residents and is not on a 1:30 cap.
Questions that follow from the $9
Does Plus500 charge a commission on EUR/USD?
On the UK fees page retrieved on 6 October 2026, Plus500 says it does not charge dealing commissions, unlike providers that charge one on each trade. The same page says the firm is paid mainly through the bid/ask spread. For the delayed EUR/USD print that morning, 0.9 pips, the commission line is $0 and the spread line is $9 on a standard lot. Both sentences are on the page. Only the second one is the cash.
Is the 0.6 pip example the live spread?
No. The fees page walks through EUR/USD at 1.12078 against 1.12072 and calls that a market spread of 0.6 pips, and it labels the passage as an example. At 07:43 UTC on 6 October 2026 the delayed widget on the British forex page showed 1.12163 against 1.12172, which is 0.9 pips. The example is a teaching figure. The widget is the public quote, and the page says that quote is delayed.
Who regulates a UK retail account?
The en-gb pages name Plus500UK Ltd, authorised by the Financial Conduct Authority under firm reference 509909, company 07024970, at 8 Angel Court, London. The listed parent is Plus500 Ltd, admitted in London on 24 July 2013, with its principal office in the interim notes at Matam, Haifa. Other group firms appear in the footer under other licences. The FCA register itself did not load in this session, so the reference number is taken from Plus500's own UK pages.
Why is FXTM's bar lower if the spread is the story?
FXTM Advantage showed a 0.1 pip gap, worth $1, and states a $7 round-turn commission, so the all-in is $8. Exinity Limited is not Plus500UK, the page offers margin up to 1:3000, and UK residents are outside the service. The lower bar is a cost fact. It is not an FCA switch.
What does the inactivity fee cost?
The fees page sets it at up to $10 a month if the client does not log in for at least three months, then monthly until a login happens. The amount is the lesser of the remaining balance or $10. It is not a charge on the EUR/USD spread, and it does not apply during ordinary use. A funded account left untouched for a quarter is the case the clause describes.
Is a 3.5 score a reason to open an account?
No. The score is an editorial reading of cost and disclosure: a $9 ticket that is competitive with two peers retrieved the same day, a zero-fee sentence that does not survive the same page, and an overnight rate that is not public. It is not advice to fund an account, and it is not a view on where EUR/USD will trade. The firm's 76% retail loss warning is the risk line that belongs next to any score.
This is analysis, not a recommendation. Contracts for difference can lose money quickly, and the firm's own UK warning is that 76% of retail investor accounts lose money with this provider. Capital is at risk. The rating is an editorial score of the published cost and the wording around it, not an instruction to open, fund, or close an account.