Can I have a corporate account on Plus500?

Thinking of trading through your company or investing on behalf of a business? Here’s what you need to know about corporate accounts on Plus500 — and what to do if that’s your goal.

Why You Can’t Open a Business Account on Plus500 — And What That Means

Plus500 is built with individual retail traders in mind. From registration to withdrawals, everything is designed to be quick, personal, and easy. But that also means there’s no support for business or corporate accounts.

That’s right — Plus500 does not allow accounts to be opened under a company name or managed by a legal business entity.

When you open a Plus500 account, you must:

• Register with your personal name, not a business
• Verify using your own identity and proof of address
• Use a bank account in your name — not a company’s
• Accept that all trades, gains, and taxes are tied to you as an individual

There’s no way to submit company incorporation documents, assign trading permissions to multiple users, or structure the account under your business. This is confirmed not just by official FAQs but also by traders across Reddit, Trustpilot, and forums like Trade2Win.

Why Plus500 Doesn’t Support Corporate Accounts

The platform is regulated by authorities like the FCA (UK), CySEC (Cyprus) and others, and those licenses are geared toward offering retail-focused CFD trading. Supporting corporate accounts would require:

• Different onboarding systems
• Additional risk controls
• Business-level compliance processes
• More complex reporting

Plus500’s model is to keep things lightweight, fast, and user-friendly — and business accounts would conflict with that simplicity.

Can I Use a Business Bank Account Anyway?

No, and here’s why that matters.

Plus500 has strict rules about funding and withdrawal. Your account must only be funded using:

• A bank account
• Credit/debit card
• Or e-wallet registered under your personal name

Trying to use a corporate account — even if you’re the sole director — can trigger problems like:

• Delayed transactions
• Rejected withdrawals
• Account freezes for “suspicious activity”

Pro Tip: Open a second personal bank account just for trading. That way, you keep your finances clean for bookkeeping while staying compliant with Plus500’s terms.

What If I’m Self-Employed or a Freelancer?

You’re not alone — many people who trade on Plus500 also run small businesses. If you’re a sole trader, freelancer, or self-employed professional, you can still use Plus500 as long as you:

• Trade under your own name
• Use your own documents for verification
• Handle taxes personally

Just remember: You can’t register using your business name, and you can’t claim it as a company account later.

Mini Scenario: Anna runs a solo design studio and wants to reinvest earnings through trading. She opens a personal Plus500 account, tracks everything with a spreadsheet, and consults an accountant at year-end. When her trading profits grow, she later moves to a platform that supports business accounts. That’s a smart path.

Real Stories: What Traders Are Saying

Across forums and review sites, the sentiment is consistent:

• “Tried to register my business — got told it’s not allowed.”
• “Wish they had an option for corporate accounts, but I understand why they don’t.”
• “Moved to IBKR after outgrowing Plus500. It’s great for beginners, but not for serious operations.”

Most traders agree: Plus500 is beginner-friendly, but it’s not designed for companies or advanced account setups.

Best Alternatives That Support Business Trading Accounts

If you’re ready to trade through a company, here are a few solid alternatives:

• Interactive Brokers (IBKR). Perfect for LLCs, partnerships, trusts, and corporations. Full control over user permissions, reporting, and tax documentation.
• Saxo Bank. Supports business accounts and offers dedicated account managers for higher volumes or institutional-style setups.
• CMC Markets. Allows business onboarding with strong analytics and tools. Especially good for UK-based corporate traders.

These brokers do require more paperwork — business registration, authorized signatories, corporate bank proof — but they’re built for long-term growth.

Common Misconceptions (And Clarifications)

“Can’t I just say I’m trading personally but use business funds?” No — and trying that could breach Plus500’s terms. Funds must come from accounts that match your verified name.

“Isn’t the ‘Professional Client’ status the same as a corporate account?” Nope. Professional Client is a special status for individuals with large portfolios and experience — not businesses.

“Will Plus500 add business accounts later?” So far, there’s no sign. Their updates have focused on mobile apps, instrument lists, and pricing — not business tools.

Should You Stay on Plus500 If You’re Running a Business?

That depends. If you’re just:

• Learning the ropes
• Testing strategies
• Trading small amounts

Then using a personal account is totally okay — and smart. It’s lightweight, easy to manage, and less intimidating.

But if you:

• Want to reinvest company profits
• Need clear tax accounting
• Plan to grow your trading as a business

Then you’ll want to start planning a migration to a platform that supports corporate accounts. This doesn’t have to be overnight — just make sure your setup matches your long-term goals.

Motivational Nudge: Starting Small Is Not a Mistake

Don’t let the idea of “I need a corporate structure to start” stop you. Thousands of traders build confidence on Plus500 first. It’s okay to begin simple and scale when ready.

What matters is:

• Understanding the limits
• Tracking everything carefully
• Staying transparent with yourself (and the tax office!)

Starting with a personal account isn’t a shortcut — it’s a launchpad. And you can grow into your business trading setup when it’s time.

Final Thoughts

Clarity gives you control. The more you understand now, the fewer surprises you’ll face later. And you’re already ahead — because you asked the right question.

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FAQs

1. Can I open a corporate account on Plus500? No. Plus500 only supports individual retail accounts. You must register with your personal name and identity documents.

2. Can I deposit with a company bank account? No. Your deposit method must match your verified personal details. Business bank accounts are not allowed.

3. I’m a freelancer — can I trade on Plus500? Yes. You can trade as long as you’re using your own identity and personal bank account. Pro Tip: Use a dedicated personal account for trading to keep things organized.

4. What happens if I use business funds by mistake? Plus500 may reject the transaction or freeze your account. It’s best to separate funds from day one.

5. Does Plus500 offer “Professional” accounts for companies? No. “Professional Client” status is for experienced individuals — not business entities.

6. Are there other brokers that allow company accounts? Yes. Interactive Brokers, Saxo Bank, and CMC Markets all support business onboarding. Pro Tip: Check their documentation requirements before applying.

7. Can I switch my Plus500 account to a company account later? No. There’s no upgrade path. You’d need to open a new account elsewhere and close your Plus500 one if needed.

8. Will my taxes be affected if I trade personally vs through a business? Yes. Business accounts allow for different deductions and structures. Pro Tip: Talk to an accountant about what’s best based on your country’s tax rules.

9. Is it illegal to use a personal account for business trading? Not illegal — but risky if you’re managing external funds or hiding business activity. Transparency is key.

10. I’m just starting — should I avoid Plus500 because of this? No. Plus500 is still a great place to learn and test. Just know its limits and plan ahead.

11. I feel stuck — should I stay or move to a business-ready platform? It’s okay to stay while learning. But if you’re already earning or scaling, consider the long-term fit.