Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Plus500 Review

1.91
6 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

Plus500 general information

Founded in: 2008 year
Headquarters:
Israel
Offices in the country: Australia, United Kingdom, Cyprus
Minimum Deposit: 100 $
Website: www.plus500.com
Website languages:
English, Arabic, Bulgarian, Hungarian, Greek, Danish, Hebrew, Icelandic, Spanish, Italian, Chinese, Korean, Latvian, Lithuanian, Malaysian, German, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovene, Turkish, Finnish, French, Croatian, Czech, Swedish, Estonian, Japanese
Execution model:
NDD
Deposit currency: USD, EUR, GBP
Support languages:
English, Arabic, Bulgarian, Hungarian, Greek, Danish, Hebrew, Icelandic, Spanish, Italian, Chinese, Korean, Latvian, Lithuanian, Malaysian, German, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovene, Turkish, Finnish, French, Croatian, Czech, Swedish, Estonian, Japanese
Regulated by:
ASIC (Australia) license №AFSL 417727
FCA (United Kingdom) license №509909
CySEC (Cyprus) license №250/14
FSP (New Zealand) license №486026
Mobile trading: iOS, Android, Windows Phone
Types of offered accounts:
Unlimited Demo accounts, Standard accounts
Affiliate program: Yes

Plus500 Forex broker description

Plus 500 is an online forex trading company with its headquarters in Israel. Plus 500 was established in 2008 and over the years it has been able to establish its name as among the most credible brokers globally. Its global presence has further been facilitated by it having a lot of subsidiaries worldwide I various countries.

Trading Accounts

For one to be able to trade with plus 500, you will require a trading account that you will sign up for in the plus 500’s online platform. The firm has two trading accounts which are the demo account and the standard trading account. All of these accounts have been specially designed to meet the individual needs of the various clients who have or want to trade with plus 500.

The Plus 500 Demo Trading Account

The demo trading account just as the name implies is a trading account that will allow you to demonstrate and learn the key skills in trade execution in forex trading. The demo account has been designed to meet the needs of traders who have little or no experience in trading and want to know of the concept of trading and how it is carried out. The demo account will help one in learning step by step how to trade and also the various conditions of trading. As a bonus, one will be able to execute trades but will not incur any losses as they will use virtual funds.

The Standard Trading Account

The standard trading account is an account type that has been designed to meet the needs of all traders signed up to plus 500 irrespective of skills or knowledge. In other words, this account type is one that is suited for all persons that want to trade with plus 500. Among the features of this account type include:

  1. Access to a wide range of trading instruments from cryptocurrencies, indices, commodities, and shares.
  2. Leverages of up to 1:300.
  3. No commission is charged at all.
  4. Fast execution speeds.
  5. Negative balance protection.
  6. Has the stop loss order.

The Company. Security Of Funds.

Plus 500, as earlier indicate is an Israeli owned firm that has vast experience in the forex trading sector having been around for almost a decade. This has put it in a position to be able to produce well-crafted products to its many clients in terms of favorable trading conditions in the foreign exchange sector. Due to this favorable terms, it has been able to amass a lot is scores of clients worldwide and has expanded to have offices and subsidiaries in other countries such as the United Kingdom, Cyprus, Singapore and Bulgaria among many others. This influx in clients from differ parts of the globe have brought the need to incorporate many different languages to cater for them and these include English, Chinese, French, Danish, Arabic, and polish among many other languages. This is to enhance the communication of all clients with interest in the product.

With client satisfaction being their priority, it would not be a surprise to note that plus 500 have invested in a very professional workforce that is dedicated to serving their clients to the uttermost. The staff ensures that any issue put forward by any customer is sorted out and will also occasionally offer advisory services to the clients. This is evident in the plus 500 customer reviews and comments that is full of praise to the operation mode of this firm.

Pus 500 is a credible and legitimate firm that has all its operational licenses valid and in order. This is further boosted by its listing in the prestigious London stock exchange. It has valid operation licenses from the following regulatory bodies:

  1. A valid operating license from the United Kingdom's financial conduct authority (FCA).
  2. The Cyprus Securities and Exchange Commission (CySEC) has licensed pus 500 in Cyprus.
  3. A valid license from the monetary authority of Singapore (MAS)
  4. A valid license from Israel’s Israel securities authority (ISA).
  5. A license from Australia’s Australian securities and investment commission (ASIC).

In keeping up with the set regulations from the regulatory authorities, plus 500 has put up some strict measures to guarantee the safety of clients’ funds bestowed upon them. Among the measures put across include:

  1. Use of segregated bank accounts away from the company’s funds.
  2. The company uses its own funds for hedging.
  3. No exposure to sovereign or corporate debt.
  4. Does not invest the funds of retail clients.

Trading Conditions

Commissions

No commissions are charges at all while trading with plus 500.

Leverages

Plus 500offers very lucrative spreads from 1:300.

Minimum Initial Deposit

The minimum initial deposit stands at £100. This amount will serve as your base capital in trading.

Trading Platforms

Plus 500 uses among the most advanced trading platforms that are equipped with features that will ensure a very superb trading experience. The trading platforms include the webtrader, the mobile trader and also the windows 10 trader.

The Plus 500 Webtrader

The webtrader will allow a client to execute his or her trades through the webpage. This is a very simple model of execution and is compatible with most browsers. The features of this platform are:

  1. Fast execution speeds.
  2. Compatible with most web browsers.
  3. Offers many tools in charting and analytics.
  4. Easily accessible.

The Windows 10 Trader

The windows 10 trader is a platform that functions well with your device using the Windows 10 operating system. It is a downloadable software and will give you the best trading experience.

The Plus 500 Mobile Trading Platform

The mobile trading platform is a downloadable application that comes in two the android platform and the ios platform. The following are the features of the mobile trading platform.

  1. Fast in the execution of trades.
  2. Free on download on the respective download sites.
  3. Easy to launch and trade.
  4. Offers the best tools I charting drawing and analysis.

Promotions

The following are the offers on offer from plus 500 currently.

  1. A no deposit bonus where a client will get a stipulated bonus on the creation of an account with plus 500.

Deposits And Withdrawals

Deposits and withdrawals are straightforward at plus 500 and accept channels such as debit or credit cards, e-payments and also bank transfers the accepted channels include MasterCard, Visa, Neteller and Skrill among others. The processing time is instant but may take longer for bank transfers which may take up to two days. No charges are charged on either transaction.

BRIEFLY ABOUT Plus 500

In conclusion, this is among the best forex traders with the uttermost credibility and with a reputation of offering the best trading conditions. In terms of client friendliness and execution of trades, it would get a score of 10/10. This is a highly recommendable trader for both experienced and novice traders.

Trading accounts of Plus500

  • Standard
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Forex 1:300
Number of currency pairs: 59
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/SGD
  • AUD/USD
  • BTC/USD
  • CAD/CHF
  • CAD/JPY
  • CHF/DKK
  • CHF/JPY
  • CHF/NOK
  • CHF/SEK
  • DKK/NOK
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/HUF
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/SEK
  • EUR/TRY
  • EUR/USD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/DKK
  • GBP/JPY
  • GBP/NOK
  • GBP/NZD
  • GBP/SEK
  • GBP/USD
  • LTC/USD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • SEK/NOK
  • USD/CAD
  • USD/CHF
  • USD/CZK
  • USD/DKK
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/SEK
  • USD/SGD
  • USD/TRY
  • USD/ZAR
  • XAG/USD
  • XAU/USD
  • XAU/XAG
  • XDP/USD
  • XPD/USD
  • XPT/USD
CFD's 1:152
Amount of assets : 2000
  • Stocks
  • Futures
  • Indices
Metals 1:152
  • Gold
  • Silver
Energy sources 1:152
  • Oil
  • Gas
Cryptocurrencies
Execution type:
Market Execution
Swap Free:
No
VIP Account:
No
Spread type:
Fixed
Decimal places:
4 decimal places
Phone trading:
No

Contacts of Plus500

Headquarters
Israel , Haifa MATAM, 22
show on the map
+97200000000 Local number

Recent customer reviews of Plus500

Samir Pon 16 November 2018

Advantages: nill

Disadvantages: yes

Comment: Lost thousand of dollars trading binary option through Plus500 , couldn’t withdraw my investment not to talk of my winnings. I had to hire a refund solution professional from binaryoptionrefundnow(at)(Tutanota)(dot)(com) they recovered (80% of my investment) happy to help other traders going through this. Contact binaryoptionrefundnow(at)(Tutanota)(dot)(com) now.

Comment
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Vanessa Vikander 07 July 2018

Advantages: No

Disadvantages: All trading instruments are CFDs, even Forex pairs

Comment: The trading you conduct on the Trading Platform is not conducted on an Exchange. We act as a counterparty in Transactions conducted on the Trading Platform and, therefore, act as the buyer when you offer to sell an Instrument and the seller when you offer to buy an Instrument. The prices we offer on the Trading Platform might not be the best prices available and we may offer different prices to different users.

Comment
Add a COMMENT
Ursula Fischer 04 March 2018

Advantages: Brand + trading conditions

Disadvantages: None

Comment: Been trading with plus500 for 1 year. In the past also used easy-forex, etx, etoro and fxcm. Had no problems with plus500. They seem honest. Have made plenty of withdrawals with no problems. The webtrader is the smoothest and fastest ive seen. Very easy to see charts and to set TPs.

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
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