Plum Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- £1
- Plum mobile apps for iOS and Android
- No
- Access to the U.S. securities market
- Trading fractional shares is supported.
Our Evaluation of Plum
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Plum is a broker with higher-than-average risk and the TU Overall Score of 4.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Plum clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Plum caters to those seeking to start with minimum investments and gain access to diverse instruments. The platform is exclusively available to UK residents due to local regulatory requirements.
How we tested Plum
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Plum
Plum, launched in 2017, is a FinTech platform offering capital management services to UK investors. Regulated by the Financial Conduct Authority (FCA), the platform provides access to various trading and investment instruments, including U.S. and UK stocks, mutual funds, and money market funds (MMFs). With a minimum investment of just £1, Plum also offers automated savings tools and passive income through Interest Pockets.
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US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
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US :
- FCA regulation and participation in the Financial Services Compensation Scheme (FSCS);
- User-friendly mobile apps;
- Low minimum investment requirements;
- Fee-free stock trading;
- Automated savings and investment features;
- Mutual funds for portfolio diversification;
- Support for low-risk MMFs.
- Conversion fees apply to trades with foreign stocks;
- Regional restrictions;
- No phone support or live chat on the website.
TU Expert Verdict
Chief Analytics Officer
Plum offers UK residents access to trading U.S. and UK stocks, mutual funds, bonds, and ETFs through user-friendly mobile apps for iOS and Android. Investors can start with as little as GBP 1, trade fractional shares, and select from three main account types: General Investment Account, Stocks and Shares ISA, and Self-Invested Personal Pension. Fee-free trading is available for U.S. and UK stocks, with automated savings and passive income options, all under the supervision of the FCA and protection through the Financial Services Compensation Scheme.
However, a notable drawback is Plum is not available outside the UK, which excludes international investors. Other disadvantages include a 0.5% currency conversion fee on foreign stock trades, limited payment methods to bank transfers only, and the lack of live chat or phone support. Plum may suit novice UK investors seeking simplicity and automation, but active or non-UK traders may find its offer insufficient.
Plum Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Plum mobile apps for iOS and Android |
|---|---|
| 📊 Accounts: | General Investment Account (GIA), Stocks & Shares ISA, and Self-Invested Personal Pension (SIPP) |
| 💰 Account currency: | GBP |
| 💵 Deposit / Withdrawal: | Bank transfers |
| 🚀 Minimum deposit: | £1 |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | 1 fractional share |
| 💱 EUR/USD spread: | Fee-free stock trades |
| 🔧 Instruments: | U.S. and UK stocks, ETFs, mutual funds, and bonds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: |
Access to the U.S. securities market; Trading fractional shares is supported. |
| 🎁 Contests and bonuses: | No |
Plum simplifies stock trading with fee-free trades on U.S. and UK stocks. Investments in preferred companies can start with as little as £1. Fractional shares are available to diversify portfolios and mitigate risk.
Plum Key Parameters Evaluation
Trading Account Opening
Plum’s user account is registered in its mobile apps.
Go to the broker’s official website and click “Sign up”.
Scan the QR code with your smartphone.
Follow the on-screen instructions to complete the registration process on your smartphone. Verify your identity and address by providing the required documents.
Is Plum Safe?
Plum, a trade name for Plum Fintech Limited with a 836158 company number, is regulated by the FCA. This ensures client funds protection through participation in the FSCS, which provides compensation of up to £85,000 per person in the event of company insolvency.
Advantages
- Reliable regulation
- Uninterrupted license since 2017
- Government-backed investment protection
Disadvantages
- Limited payment methods
- Adherence to the PDT (Pattern Day Trader) rule when trading U.S. stocks
- Identity verification is mandatory
Commissions and Fees
Plum offers fee-free trading U.S. and UK stocks. However, trading foreign stocks incurs a 0.5% currency conversion fee. Additionally, U.S. stock trades are subject to regulatory fees. The Securities and Exchange Commission (SEC) imposes an $8 fee for every $1 million traded, while the Financial Industry Regulatory Authority (FINRA) charges $145 for every 1 million shares sold.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| All account types | £0 + regulatory fees | Bank fees |
Additionally, a 0.45% annual management fee is charged on the value of assets held in ISA and GIA accounts.
The table below compares average fees for Plum and two popular brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$1.45 | |
|
$ | |
|
$2 |
Account Types
Plum offers three account types: the General Investment Account, the Stocks & Shares ISA Account, and the Self-Invested Personal Pension Account that differ by available assets and taxation. Also, traders can choose from three pricing plans.
Pricing plans:
Deposit and Withdrawal
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Withdrawals are made only to a client’s bank account, linked to the Plum user account.
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Third-party withdrawals are forbidden.
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Direct bank card withdrawals are not supported.
Investment Options
Plum offers various passive investment solutions:
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Interest Pockets. Clients can earn interest on their savings. With maximum rates of 4.59% for Premium, 4.05% for Pro, and 3.89% for Basic plans, interest is accrued daily and paid out monthly.
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Plum Cash ISA. The ISA account offers a competitive interest rate of up to 4.92% including a 0.88% first-year bonus. To maintain this high rate, a minimum balance of £100 and a maximum of three withdrawals per year are required. Interest is calculated daily.
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95 Day Notice Pocket. It offers a 5.2% interest rate for a 95-day period. Interest is calculated daily on the entire balance and is accrued the next business day.
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Plum Interest. This is a low-risk money market fund backed by government bonds and short-term corporate loans. It offers competitive interest rates of up to 4.92% per year, providing a reliable and stable way to increase profits.
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Auto Savers. Plum offers automated capital management features. Its users can set up regular contributions, automatic savings, and automated investments across various assets. This allows users to earn returns on their investments without constant monitoring.
Additional automation features offer passive income opportunities, requiring no active trading or constant monitoring. However, these features are not available to Basic plan users.
Partnership programs from Plum
Plum rewards its clients for attracting new traders, offering two programs:
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Referral program. Plum’s clients can receive bonuses for inviting their friends to join the platform. Each new referral who starts using the service, brings £5 to a referrer. Bonuses are paid within 5 business days.
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Super Referrer program. For users with over 15 referrals, a special bonus program is available. For every 10 successful referrals beyond the first 15, participants receive a £25 bonus in addition to the standard £5 payment for each new referral.
These programs allow traders to earn additional income by referring new users to join Plum.
Customer Support
Plum provides 24/7 technical support.
Advantages
- Online support through mobile apps
- High-quality service
Disadvantages
- No live chat on the website
- No phone support
Available communication channels:
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Live chat in mobile apps;
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Email.
Contacts
| Registration address | 2-7 Clerkenwell Green, 2nd Floor, London, EC1R 0DE, United Kingdom |
|---|---|
| Regulation | FCA |
| Official site | https://withplum.com/ |
| Contacts |
Education
The Plum website features helpful resources for novice investors in the Our Blog section.
The Basic plan allows investors to explore features of mobile apps without depositing funds. To gain access to this plan, register in the mobile app and pass verification.
Detailed review of Plum
Plum is a regulated financial company offering a user-friendly investment platform. With robust security, flexible fund management, and support for diverse currency transactions, Plum empowers its clients to adapt to market changes through automated features like direct debits and Auto Savers.
Plum by the numbers:
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7+ years of experience;
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Minimum investment is £1;
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Savings interest rate is up to 4.92%;
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Available trading instruments include 3,000 stocks and 26 mutual funds;
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Investment protection is up to £85,000 per client.
Plum offers user-friendly mobile apps for investing and financial planning
Plum offers a wide range of products and solutions for UK investors, including securities trading and passive income options. The platform provides its services exclusively to UK residents over 18.
Investing can be done through user-friendly mobile apps for Android and iOS. Plum offers access to both domestic and international securities markets. Its General Investment Account provides for trading U.S. stocks and receiving dividends paid by issuers. A wide range of ETFs, bonds, and mutual funds are available.
Useful services offered by Plum:
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Interest Pockets. These tools offer earning different-rate interests on savings. The interest is accrued on a daily basis with monthly payouts.
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Mutual Funds. Investments in expert-managed mutual funds allow traders to diversify their portfolios and increase potential for long-term growth.
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Plum Pension. This is a long-term savings service designed to plan pensions.
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Plum Interest. This service provides for investing in low-risk money market funds with stable profitability.
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Auto Savers. These are automated tools for saving and investing trader’s money using intelligent algorithms.
Advantages:
Intuitive interface suitable for both novice and experienced traders;
Enhanced security through partnerships with regulated payment agents and depositories;
Intelligent automation tailored to adjust to investor financial goals;
Support for several types of low-fee currency transactions;
Blog with useful articles and capital management tips for better understanding investment processes.
Plum supports automated investment strategies to simplify the investment process.
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