Plus500 Promo Code COVERS for $20 Bonus in September 2026

Does Plus500 have a promo code?

Yes, the Plus500 promo code is COVERS for the new-user offer, which rewards eligible customers with a $20 bonus after $10 in qualifying prediction-market trades. Here's a handy breakdown of one of the best prediction market promos.

What is the Plus500 welcome bonus?

The Plus500 welcome bonus is refreshingly easy to understand: complete $10 in eligible prediction-market trades and receive a $20 bonus.

Register with promo code COVERS, fund the new account, complete $10 in qualifying Plus500 prediction market trades, and receive the bonus after satisfying the offer requirements. 

Covers Expert Analysis

"The Plus500 welcome bonus is limited to the first 5,000 customers, so I recommend acting quickly."

Christian Stringer, Prediction Markets Editor

Plus500 promo code terms and conditions

The 'Trade $10, Get $20 Bonus' offer is now available. The expected Plus500 promo code terms for one of the best prediction market apps are: 

• Eligibility: New customers only
• Plus500 promo code: Enter COVERS during registration
• Location: Eligible locations
• Minimum deposit: $10
• Qualifying trade: $10
• Bonus format: Trading credit 
• Limits: One offer per person (5,000 claims available)
• Expiration: Oct. 31, 2026

Claim Plus500 bonus

How to claim the Plus500 bonus (step by step)

Claiming the Plus500 bonus will be relatively straightforward. Here's a step-by-step approach:

1. Sign up and verify

Use the Covers Plus500 link and open a real-money account. Enter your basic information and create your Plus500 login.

2. Enter Plus500 promo code COVERS

Look for the promo code field before making a deposit.

3. Complete identity verification

Plus500 requires account applicants to verify their identity under federal requirements. Be prepared to provide your address, contact information, SSN, and more.

4. Fund account

Deposit the amount required by the live offer of at least $10, plus enough to cover applicable fees.

5. Complete$10 in qualifying trades

Make the minimum trade required to release the bonus.

6. Check account activity and receive bonus

Monitor the status of your bonus and receive the $20 bonus to use on eligible markets.

What are Plus500 prediction markets?

Plus500 prediction markets let you trade 'Yes' or 'No' event contracts based on measurable real-world outcomes. Each market asks a defined question, and the exchange identifies the data source used to determine the result. Examples may cover economic releases, financial events, geopolitical developments, and sports outcomes (available in certain states). 

Event contracts are not the same thing as traditional futures. Futures track the future value of an asset, index, commodity, currency, or other financial instrument. Prediction-market contracts instead resolve around a specific Yes/No event and normally settle at either $1 for the winning side or $0 for the losing side. Plus500’s differentiator is that both products are available through one trading app rather than requiring two unrelated platforms.

What markets can I trade on Plus500?

I found a wide variety of markets on Plus500, with sports, politics, economics, crypto, financial markets, entertainment, technology, and world events among the main categories.

Sports is one of the deepest areas I found, which is only available in certain states. You can explore event contracts across football, basketball, baseball, hockey, soccer, tennis, golf, motorsports, combat sports, and more, including individual games and larger tournament or championship outcomes.

I especially like the 'Popular' tab, which indicates Plus500 trending markets with exceptional volume. Outside sports, I found plenty of variety: 

• 🗳️ Politics: Elections and political events
• 🎬 Culture: Movies, music, awards and entertainment
• ₿ Crypto: Bitcoin, Ethereum and crypto prices
• 🌦️ Weather: Temperatures and weather outcomes 
• 📊 Economics: Interest rates, inflation and employment
• 🏢 Companies: Earnings, launches and corporate events
• 💵 Financials: Markets, currencies and financial outcomes
• 🤖 Tech & science: AI, space and technology
• 🌎 World: International politics and global events

I also like that the selection isn't static. New Plus500 prediction markets can appear as major events develop, so there's usually something new to explore.

Plus500 sports event contracts

Sports is where I expect many new users will start. I found markets spanning major U.S. and international sports, with Yes/No contracts on individual games and other sporting outcomes depending on what's currently available.

Plus500 live event trading

A 'Live' tab is conveniently located in the Plus500 menu. I don't necessarily have to hold every contract until settlement. When trading remains open, I can buy or sell as the price changes, allowing me to react to what happens during an event. That's one of my favorite parts of prediction markets: my first prediction doesn't always have to be my last.

Here's a snapshot of some live markets I saw on Plus500: a blend of cricket, tennis, and soccer.

Prices are for illustrative purposes.

How Plus500 prediction markets work

Once you understand how prediction markets are displayed, the rest stops looking super complicated. You pick an event, decide whether the market is underestimating or overestimating the outcome, and buy the side you want. 

Yes/No contracts and prices in cents

 Plus500 prediction-market prices are quoted in cents, with a maximum $1 payout. A Yes contract priced at 32¢ represents roughly a 32% market-implied probability that the event will happen. It is a market estimate, not a scientific promise delivered from the probability heavens.

Prices can move as traders react to new information and buy or sell contracts. Sports bettors can think of it like line movement: injuries, news, weather, and money can change the number, except the display looks like a probability-style price instead of American odds.

Settlement and payouts

A winning Plus500 event contract settles at $1, while a losing contract settles at $0. You may also be able to sell before settlement; in that case, your result depends on the price at which you exit. Suppose I buy one 'Yes' contract at 60¢. If Yes wins and I hold through settlement, the contract pays $1:

• Purchase price: $0.60
• Settlement value: $1
• Gross profit: $0.40
• Net result: $0.40 minus applicable commission and exchange fees

That is the cleanest prediction-market math you’ll encounter all day. Unfortunately, it still refuses to guarantee that your prediction is right. 

How small can you start?

Because contract prices are quoted in cents, a single low-priced contract may cost well under $1 before fees. Plus500 currently advertises account funding from $10, which makes it possible to learn with smaller positions rather than diving directly into the financial deep end. For a first trade, I prefer the educational route: choose one clearly written contract, read its settlement source and rules, place a small position, and watch the entire lifecycle from order execution to settlement. That teaches more than firing at 17 markets because three of them had shiny buttons.

Plus500 fees and costs

Plus500’s advertised $0.01 prediction-markets commission is extremely competitive, but it may not reflect the full cost. The company also lists a $0.01 exchange fee, so both numbers deserve a seat at the table.

Here’s the current published cost breakdown.

Covers Expert Analysis

"In plain English: the one-penny commission is tiny, but the exchange fee is its little plus-one. Budget for both."

Christian Stringer, Prediction Markets Editor

Plus500 vs. Kalshi and other prediction markets

Plus500, Kalshi, and Polymarket all let users trade event outcomes, but they take very different routes. Plus500 combines futures and event contracts in one app, Kalshi is built around a regulated prediction-market-first experience, and Polymarket uses a hybrid order book with blockchain settlement. 

Here’s an accurate Plus500 comparison:

	Plus500	Kalshi	DraftKings Predictions	Polymarket
Compare	Pin	Pin	Pin	Pin
Welcome bonus	Trade $10, Get $20 Bonus	$35 Trading Bonus	Spend $5, Get $200 in Prediction Dollars	Deposit $10, Get $50 Bonus
Promo code	COVERS	COVERS35	Automatically applied	COVERS
Bonus type	Trade and get	Trade and get	Trade bonus	Deposit and get
Bonus form	$20 trading bonus	One (1) $35 bonus	$200 in Prediction Dollars	$50 trading bonus
Payout speed	Within 24 hours	Within 24 hours	Varies by withdrawal method	Within 24 hours
Min. deposit	$10	$10	$5	$10
Covers TradeGrade Bonus Rating	⭐ 4.0/5	⭐ 4.9/5	⭐ 4.2/5	⭐ 4.2/5
Claim Bonus	Claim Now	Claim $35	Claim $200	Claim $50

Is Plus500 legit and legal?

Yes, Plus500 is a legitimate regulated U.S. trading provider. Plus500US Financial Services LLC is registered with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant and is an NFA member under ID 0001398. 

Plus500 says its prediction-market event contracts are offered on regulated exchanges subject to CFTC oversight, while its Kalshi products are cleared through Kalshi Klear, a CFTC-registered derivatives clearing organization. Plus500 also requires identity verification and uses SSL security on its U.S. site.

That does not mean every contract is automatically available in every state. Because these are federally regulated financial contracts rather than conventional sportsbook wagers, event contracts may be accessible in some places that do not permit legal online sports betting. However, product availability can depend on the customer’s location, the individual contract, exchange rules, and a regulatory framework that is still developing. The CFTC proposed an updated event-contract review framework in June 2026, including provisions addressing sports and other enumerated activities.

Check the live Plus500 platform and our state guides (if applicable to you) before depositing: California prediction markets, Florida prediction markets, Georgia prediction markets, or Texas prediction markets.

Reminder: Regulated does not mean risk-free. A losing event contract settles at $0, and fees can reduce returns.

All Plus500 states

Please note that the Plus500 sign-up bonus is available in the following U.S. states in September 2026: 

Plus500 promo code summary

Plus500 platform review - my verdict

Who it's for

I feel Plus500 is best for users who want to trade real-world events without overcomplicating things. There’s plenty here for sports fans, but the variety also appeals to traders, data nerds, and anyone who enjoys following major events. I can trade markets covering everything from sports and elections to inflation, crypto, financial markets, and world events, making Plus500 one of the more versatile prediction-market platforms I’ve tested.

Covers TradeGrade Rating: ⭐ 4.0/5

Bonuses and promotions	⭐ 4.1/5
Banking and payout speed	⭐ 4.2/5
Key features	⭐ 3.8/5
Security and trust	⭐ 4.1/5
Customer support	⭐ 4.2/5
User experience	⭐ 4.0/5
Market pricing	⭐ 4.0/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"Very easy to understand and use platform even for a beginner like me compared to other platforms I've tried before."

- Bryan, Google Play Store user

"The app is very robust and allows for decent analysis to make trading decisions on the go."

- SilverHorse84, App Store user

What we like

Simple prediction model: I like Plus500’s straightforward Yes/No event contracts. Prices are displayed in cents, making it easy for me to understand what the market thinks will happen.

Low trading costs: Plus500’s $0.01-per-contract commission stands out, especially if I want to trade multiple contracts without fees adding up quickly.

Wide range of markets: I can trade predictions across sports, politics, crypto, economics, financial markets, entertainment, and world events, giving me plenty of variety in one place.

What we don't like

Newer prediction-market offering: Plus500 is still relatively new to prediction markets, so I don’t get the same established event-trading experience as some longer-running competitors.

Additional exchange fees: While the $0.01 commission is attractive, I also need to account for applicable exchange fees when calculating my actual trading cost.

Trading involves the risk of loss

Plus500 customer service

Plus500 features a live chat function that makes it easy to get help directly from a customer support agent. I used live chat to confirm the details of the commission rebate, and the agent helped explain how it worked and answered my questions.

I connected with a representative quickly, which made the process straightforward. In particular, the customer service agent, Aja from Plus500, reached out via email and phone (a text message followed by a call) to help me with the registration process. 

In addition to live chat, Plus500 provides other support resources for customers who need assistance with their accounts or have questions about the platform.

• Live chat: Available 24/7
• Email: support@plus500.com
• Phone: 312-939-0164
• Support language(s): English
• X (Twitter): @Plus500

Plus500 payment methods

I'm impressed with Plus500's range of banking options available in August 2026, with several convenient ways to fund an account. These include Visa and Mastercard debit cards, bank transfers, Apple Pay, and Google Pay. Plus500 also advertises Trustly among its global payment methods, although the exact options available depend on your location and account.

Plus500 generally covers most payment-processing fees for deposits and withdrawals. However, third-party charges can occasionally apply, including fees associated with international card transactions, bank transfers, or currency conversions.

Method🏦	Deposit💰	Withdrawal💸
Visa	✅	✅
Visa (debit)	✅	✅
Mastercard (debit)	✅	✅
Bank transfer	✅	✅
Online banking	✅	✅
Apple Pay	✅	✅
Google Pay	✅	✅
Trustly	✅	✅

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