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Established over ten years ago, Plus500 recently received regulation from the Financial Services Authority (FSA). The company displays an uncluttered design both on their website and in their trading platform, which makes a pleasant trading experience geared for new Forex traders. With years of experience and confirmed credentials, it’s no surprise that Plus500 is growing rapidly as one of the top Forex brokers on the market.
Founded in: 1999
Headquarters: London, UK
Maximum leverage: 1:50
Minimum deposit: 100 EUR
Minimum deal size: 5,000/limited by margin
Languages available: English, Arabic
Regulation: FSA (Plus500 FSA regulation)
By now you’re probably aware that most of the bigger Forex brokers such as eToro and Forex Club offer multiple trading platforms to choose from - but you’ll quickly see that Plus500 offers a solitary trading platform. While this can be a deterrent for traders who are looking for a very specific platform (MetaTrader 4, for example), a quick look at Plus500’s platform will make it obvious why we’ve ranked this company among the top Forex brokers. Developed in-house, Plus500’s trading platform is available in 3 versions – a downloadable version, a web-based platform and a mobile trading interface. What makes this platform unique is that unlike those offered by most other brokers, Plus500’s platform remains constant in all version, which makes it possible to switch seamlessly between the platforms without having to regroup.
Plus500’s Forex trading platform provides all necessary information within one screen so that there is no scrolling required to find necessary information. Four clearly-labeled top tabs make it possible to receive details about past trades and current positions without having to search for it. There’s no question that Plus500’s trading platform is designed for new traders as it lacks the ability to view multiple charts and graphs at once which is possible in other platforms such as those offered by Ava FX. Still, Plus500 does offer a comfortable and comprehensive trading experience for those who prefer a no-frills trading platform.
Although Plus500 doesn’t offer the breadth of features offered by most other top Forex brokers, it’s worth mentioning some of the features that caught our attention. One of the most valuable features that we noted nearly immediately when beginning our Plus500 review is the company’s free demo which is unlimited in time and can allow traders to practice for as long as they deem necessary. While an unlimited free demo is not entirely uncommon, it’s always welcome and appreciated.
Plus500 also offers a small learning center that offers traders basic information about how trading Forex works. The primary advantage of this abridged educational center is that Plus500 offers practical examples to substantiate their information, and they get directly to the point. On the other hand, traders looking for more comprehensive educational resources will have to look elsewhere to find more extensive information.
Plus500 offers customer service via email only. We emailed the company in the evening and received a response within 30 minutes. There is no search function on the site so there is no way for traders to search for their own information independently. Chat and phone support are also unavailable.
Ease of Use
As compared with other Forex brokers, the website and platform offered by Plus500 are among the most straightforward, largely owing to the fact that they are lacking many of the resources offered by other brokers. Nevertheless, this can be an advantage for traders who are looking to jump right in without the distraction of peripheral information.
Payment can be made to Plus500 via credit card, MoneyBookers and wire transfer, all of which are easy ways to get your account set up quickly. Overall, we found Plus500 extremely easy to use, if not a bit too over-simplified.
Free Forex Trading Courses
DailyForex has teamed up with Online Trading Academy to provide you with 3 e-courses for FREE! Valued at $150, these courses focus on Technical Analysis, Trading Basics and Risk Management.
I have some reservations about Plus500. First of all, why they offer £/€25,00 at the registration time! To attract you, of course and then the experience becomes boring and frustrating. Entered into their system about a month and due to the EUR set back and USD uplift lost half of my investment (though not much to other, but enough for me as an academic). The good thing is that they do not charge for each trade, but their premium is high, especially overnight. One better thing that I found is that their rates are online which is compatible to Yahoo currency. The other good thing is that they respond to your email, but there are a few things that I like to reveal.
Now like to share about my experience. Within this one month period, every day I take a log of my preferred currencies and their rates from time to time. However, among a few things that I observed that whenever there is a big dip in the rate and you like to take the advantage of that, either your system hangs out or you are logged out of the system. When you are back to the system, either your last purchase is approved with higher price, or you lost the chance to buy the same because the rate has gone up by that time. The same thing happened to me when there is a sudden rise and I could not avail to take the opportunity. I thought and still desire to gain at most 100-200Euros from my little investment, which is not a 100% profit of course, but in reality I am very much doubtful to invest further there. Sorry, if I am wrong, or I am little unfortunate in this business (a first timer and never thought of investing in such instrument, unless much hit by this EU economic crisis), but in my believe money is not safe in to the system, unless you are very opportune. Of course, you (the Company) are in business and you have to gain money, but there should be a little flexibility from the client side too. Every time I am buying a stock from the system, I am in a tense mood, because of my feeling that I am going to lose again! Because the system does not allow you to sale without certain restriction when you are at lose (agree, but the restriction, to me seems very much confined). I hope I am wrong. Will be very happy, if someone intelligent, and more experienced may shade some light on this.
Hi there, My name is Mark Munro, I am a 20 year old Business student in Glasgow Scotland. And i have had a very good experience with PLUS500. I deposited £150 uk pounds, i then confirmed, my e-mail, my address, and any other documentation. I know this seams abit dodgey, and i was very very weary of doing it, but i then applied to get my money withdrawn, £189 after around a week (thanks apple) it then took 5 days, and the money is back in my account. If you follow the rules youl be fine if you live in the UK!!!!!! my main tip is DO NOT SCALP!!!!! or rather invest in any stock for less than 5 minutes!!!! if you do this you will be at risk, reading the terms and coditions. I had a very good experience, although i was very nervous with all the reviews i read. If anyone has any questions, please feel free to eamil me at email@example.com
THIS SYSTEM WORKS iffffffffffff you follow the rules, plain and simple from my experience and made £39 in one week
Can anyone tell me the way to withdraw money out of own account with Plus 500? Thanks in advance!HLDAS February 2012
Ok, so if this Trading platform company is so bad can anyone recommend a good alternativepaulmerit February 2012
DO NOT USE THIS COMPANY.
You will find that any positive comments left on this forum are made by plus 500 employees. You will lose anything you deposit, Guaranteed.
I have been trading with plus500 for more than 4 months. Not just myself, but a group oof more than 10 friends have all been trading with this website. I had absolutely NO PROBLEMS. I deposited and withdrew money without any problems, and even my friends. When I sent an e-mail, I received response within a reasonable time limit.
I am very satisfied.
DO NOT SIGN WITH THEM!! i was trading for just few days, made small profit, next day i was trying to login again and got error message, i emailed to customer support with this issue: and i received this email form them:
After double checking of our security department, you will not able to trade with us and we will not able to provide any further information.
I've send few emails regarding how can i get my money back, since i havent heard from them...
Works fine most people on here probably just lost all there money and wanna blame plus500. Just dont expect to make the right decision every time because you wont As for me i am 50% up in two weeks. Scams are not regulated by the FSA either.matt w September 2011
i validated my phone ... received the bonus ... so far i made 5% profit from the bonus ... i am confused ... some say it works others say it doesnt ... i just want a straight answer : DOES IT WORK ?!?!?!Mikero August 2011
WARNING DO NOT DEPOSIT HERE YOU WILL LOSE YOUR MONEY SCAM THEY TRADE AGAINST YOU I WAS SO STUPID I DEPOSITED 5000 USD THERE, AND IT WAS LOST BECAUSE OF FALSE STOP LOSS PROMMISIS AND SITE BREAKDOWN.aaskoven August 2011
Their stop loss is not working and it takes a lot of time to get orders through. everytime something interesting is going on it is impossible to trade and when the orders come through it is to a total different price. It is strange that it is possible to cheat like that and still continue.lars August 2011
ohhhh come on guys....every company in the world has had something bad said about it....but lets face it, if they were really that bad would they still be up and running?!Rebecca July 2011
Anything that pops up with the word SCAM in it im not gonna touch frankly, i wouldnt invest any of my time or money using this company. If ppl are saying bad things about a company on a mass scale thats gotta tell you something. Thanks for the warningArbTrooper July 2011
They rob you with their fees! Do not deposit money into this!!! Why all the complains?? Its a reason for it!!!Mag86 June 2011
quick message to customer serveces plaeas improve i spent 9 hours trying to contact you. still think your sites great made £45 in 30 seconds keep up the good work just give me a number to ringmr webster June 2011
hey i think that people should seek friends or anybody who have used plus 500 b4 opening a real account. i am using a demo account and its working just fine- im earning quite a lot. however, i must say that when people uses real money, they tend to change their way of thinking and behavior,and so it might affect the performance in this trading platform. i cannot say that people should use this platform, but its the best so far from the other platforms out there and there's unlimited demo unlike others. should practice and get used to the way plus 500 works before actually opening a real account because your real-life money is at stake; either big or small. i just use the demo and if i get really good at this i probably would change to real account and invest the lowest possible first in-case of any risk of losing them all. im not trying to side any parties, but i think people should know the risks of things before doing something.Veronica June 2011
I used Plus500 and deposited some money and now i want to withdraw the funds they keep on giving various senseless excuses. Basically i feel this is a scam and i have been reporting to various Watchdog companies for scams and i will fight and lose more money but i feel justice should be done. Pls take care of Plus500 as its a scam.PETER April 2011
TAKE CARE TO PLUS500! They closed my account! I asked to them 'Why?' but they answered me that they can't write to me the reason.Peppe April 2011
Michelle calls me from plus500 offers me to deposit money and i will get a 30% bonus instantly to use. I email plus500 to take the offer, and everyone gives me different information, then 1 customer service rep, says, if you deposit more than a £100 pound you recieve your bonus instantly and can use it striaght away. There was also a problem with getting the 30% bonus, any how, I deposit the money and then they tell me, oh we are sorry but you have given incorrect information by phone and email, and we cannot give you any bonus without trader points. My point is about this company, the people working for plus500 do not know what they are talking about, they have recently been FSA regulated but still are acting unethically, I will be complaining to the FSA as, i am sure they have given other investors in the UK incorrect information. Stupid people, cannot do their job properly, if they are not sure about a query they should be factual when replying to guessing. STAY AWAY!Enaam Alum February 2011
Hello, it's not scam, however they are thieves. You will find soon why. 1) premium.. You can't hold gold investments normal way, daily premium is so high, that they practically rob you. 2) instant fees: another robbery, you pay extremly high fees, not even seeing it 3) leverage tricks: if you open BUY position, the positive leverage is always different from negative. In clear words: you gain slow way, loose very fast way :) 4) THEIR RATES ARE ONLINE, BUT MAY DIFFER! its in contract even mentioned. so sometimes they just sent ping with wrong data, to in fact shut down carefuly created positions. Data just for short time hit high or low position, so your position is closed in worst moment. Get away from this jewery.Btw. this company banks in Israel, and its def. not UK company. They also charge you way more during deposit and return way less during payback. They simply ROB YOU LEGALY :)))RM February 2011
What suryan 1 says is not true. They will pay bonuses, and plus500 is a serious company. I have been trading with them since they became a known foreign exchange broker and never had any issues. The posts here about plus500 being a scam is the real lies. Forex is hard, if you expect plus500 to magically make forex something easy, then you are the problem. I get annoyed when reading all the crap above, half of it is not true, and once you finally have a good cfd broker in the market people will try to kill it by giving it a bad rep.fiexedspreads December 2010
Plus 500 is a great platform for anyone starting out in online trading. The platform is extreamly user friendly and offers a nice range of commodities and stocks to to invest in. I'd reccommend everyone give it a go and with all this talk of a scam..... come on.... you obviously didnt trade well. ;) I will continue to trade with plus500 as I am satisfied so far!Craig Smith November 2010
i have been reading the coments on plus500 i agree in demo mode very good but try and go live no way.my brother liked it and got a real account even though we live in england but when i tried i got an email from them saying the reason i was bloked was aml/risk when i asked them what this was i was told the department wont coment i found out it means anti money laundering risk.i sent them an email to complain as of 12/11/10 no respose.its a shame as the platform is great.tom November 2010
I have to agree with you that Plus 500 is one the most convenient methods of starting to trade futures, commodities and stocks as I have been very familiar with Trade Station. I share the same concern about the absence of Live Chat or telephone communications as I just wonder what happens if you are in a trade and suddenly either the internet connection or their platform goes down for a few days. You will have no opportunity to square your position by phone. That sounds eerie.Wan Ishak September 2010
I deposit 500 USD to plus500 Within to weeks i made profit 250 USD So i withdraw 750 USD via my european Visa card on Friday On monday i got email it was sent refunded to Visa And today on Wednesday i see money on my bank accountcinik September 2010
I've read a lot of bad reviews about plus500 and that it's involved in fraudulent operations, but their platform is still one of the best to start trading with. still I would strongly advise you to open an account with small deposit, trade some, request a withdrawl, and if all goes will, use plus500 in the future.Sullivan September 2010
hi i want to know about plus500 bonus amount withdraw what is the requirement for withdraw bonus amount after complte bonus point Waiting reply ThaksNadeem August 2010
Hi, i have been used plus500 for about 15 months now, i residue in canada, and i must tell you something, i came here on google and searched them back then and there was no reviews about them, so i decided to use them, and i deposited real money in, i think 500$, something that i've i lose it wont be a big deal. anyhow i got my phone bonus, and deposit bonus, and i lost it all trading. i deposit again, and made up my previous loss, then decided to withdrawal 500$ back. and guess what, i was able to withdrawal money with no problem. ever since then i have been using them, last week i withdrew 3000$, they only withdrew 200$ and kept 1000$ open. when i messaged them, i received a msg that say, sorry but the limit is 2000$/ day. and the rest will be released next. what i noticed is the release these withdrawals on every sunday, so today, sunday they will probably release the 1000$. i honestly was not gonna write a msg, but thought i would, just because usually unsatisfied members come on sites to write bad reviews. they are unsatisfied because either they lost there money trading which is very logical and you cannt blame it on your broker regardless of the broker. plus again use them on your own risk, since they are not FSA approved yet, so i dont suggest depositing big amounts of money until they do register. good luckbilal June 2010
for those considering trading with Plus500, check http://www.ifsc.gov.bz/notices.html The Belize International Financial Services Commission has warned that they are not registered and have been ordered to cease operations. My relative traded and made some profits but they closed his account and refuse to allow him to withdraw his profitsboygoondoo April 2010
Plus500 is not a scam company. I have started trading for 6 months and they pay my earning.Forex For Dummies March 2010
It's Scam. they paid me bonus, but after several successful trades, when I tried to withdraw my profit, my account has been locked. I asked them what's going on by e-mail and got answer: you account is deactivated and WILL NOT BE REACTIVATED AGAIN :-). Because I've provide incorrect information. What kind of information??? No answer. A pack of thieves...Trader March 2010
Bei mir war das gleiche. wenn man sich erst bei plus 500 registriert und später den Bonus von 10 Pips erhalten will, bekommt man nie den Bonus. Was ist eigentlich wenn die einem den Zugang sperren, man kann dort nicht mal anrufen und auch kein life chat. Auch hatten die mir mehrmals die Leitung gekappt als Turbulenzen im Markt waren.Danach waren meist ein paar Positionen geschlossen. Manchmal verstecken sie dir auch die erste noch offene Order,sie verschiebt sich dann unter den oberen Rand der Ordermaske oder du kannst sie nicht löschen da sie blockiert ist.Ich bin jetzt seit ca,4 Monaten dabei und habe langsam einige Zweifel an den Ihrer Seriosietät. Auf E-Mail Antwort wartest du gewöhnlich 1 Woche.Wenn die den Laden zu machen hast du "keine" Ansprüche. Die Orderausführungen sind allerdings immer sehr genau was wiederum für Sie spricht. Hoffe auf weiter Post zu diesem Thema.Stefan February 2010
Hi, all. Just to answer few of the above queries, no 2 account can be opened from the same IP address with plus500. As you are in hostel may be someone else is using plus 500 so you couldnt open u r account. And other thing about WE CURRENTLY CANNOT ACCEPT TRADERS FROM YOUR COUNTRY , its because they are not available in every country so it has got nothing to do with their reliability. Myself being from Australia i am quiet happy with them as I ve been using plus 500 from last 5 months. However they keep on increasing their margin sometimes ( its not constant ) and usually very high for commodity like silver. I have no any problems with depost and withdrawl so far. But dont forget to read their policy as their are few x factors. Trade safe and have a good day all of you.Suman February 2010
Ihave read the reveiws on Plus500 and have a question,Has anyone out there actualy made a profit and recieved money.I aiso would like to know if it is aviable in Canada. THANKS for any replys JackJack Frith February 2010
Well I have see a lot said about plus500.com. I have to say I was tempted to go to try real account, but now I know what people are talking about. Plus500 is most probably not a scam, but I would like to suggest you one thing Read User Agreement !!!!!!!!!! All of it!!!!!! Yeah, their whole business is based around that agreement. They basically can do whatever they like with your money (change quoted price, move your funds without prior notice, they can close your acount based on margin call without prior notice and the list goes on and on...If I get a opportunity from daily forex I would do their "User agreement" review. There is a lot that would convince youto stay well away from them. Well I can tell you I would not touch them even with your money :-)Martin January 2010
This site is great I did the validation and got my bonus in AED as i redside in UAE and I did some profits and since i am a beginer i lost all my bonus now. Hope they give me another chance without deposit as i am not in position to invest now. if any of you know similar site please email me. plus500 is a great site i am just thinking weather to invest or not please help me.Sundar January 2010
I have tried using plus500 platform in demo mode.Its really usefull to me but I am not sure how long it take to transfer the profit I gain if in real account.MASLAN November 2009
I have a problem with Plus500, unable to log into account with the message: WE CURRENTLY CANNOT ACCEPT TRADERS FROM YOUR COUNTRY. I don't have multiple accounts and I trade for a month now. Can anybody help me what to do? I live in a student hostel and everybody has the same IP adress, and at home we got a router and my brother uses plus500 too with the same IP. Could it be a problem, and if it is whats the solution?hanyek November 2009
I´ve registered plus500 2 weeks ago and they gave me the € 20,00 bonus of validating phone. The platform works really great for me, only a minor problem encountered, that one time it could not show the charts for about 2 min. Since then it has worked perfectly. oh, almost forgot, working with wireless internet connection it logs out sometimes, i guess doe to signal losses.Nelson Pereira September 2009
Plus500 is a good company not a scam IMO. They sent me the bonus upon phone validation. The platform is solid. Charting tools are weak. Stable. I will use them for one reason they offer all instruments tradable in the sane platform. Excellent actually amazing that is available. Keep up the good work plus500. Thanks.Tony Mattar September 2009
I started off just a couple of days ago , but i got my 20 euros from the phone validation and the platform works great for me. I am from Denmark by the way. I will stick to them and see what happens. I for one like plus 500.Tibi September 2009
I too have had the message WE CURRENTLY CANNOT ACCEPT TRADERS FROM YOUR COUNTRY. I emailed them and got a response within 24 hours saying: Hello, We are currently in the process of becoming fully licensed in the UK. This should take an additional 2-3 months. Until then, we cannot accept customers from the UK. Sincerely, George Customer Support Representative Plus500.comDebs August 2009
Today i have the same problem with Plus500, unable to log into account with the message being WE CURRENTLY CANNOT ACCEPT TRADERS FROM YOUR COUNTRY. As yet no replies to my emails.Steve August 2009
this website is the best its not a scam they did give me bonus after i validated my phoneabdullah August 2009
well when I say rock solid platform I mean rock solid business actually. if my only issue was support it wouldn't bother me but apart from that i think i would wait and see what some more people say about this company.K E July 2009
Sorry about that testing to see if i had to log in to post, anyhow , I found this Platform Plus 500 the demo looks good , but the regulation worries me, I'm specifically looking to get exposure to Oil and/or commodities, does anyone know of a rock solid platform for this? I currently have an account with FXCM for FX. Great site yo have here at Dailyforex, just found it really like the reviews ++K E July 2009
hello i had made a plus500 account and iwas wining about 200 euros but today i couldn't login ??? i send them an e-mail and they told me that i had opened some accounts so they terminated my account ...well yes BUT NOT FOR ME THEY WERE FOR 2 FRIENDS ....!!and also with one of them i work in the same job so we enter in plus500 from the same computer !!! so why did the terminate my account ? ( well i have send them an e- mail with my complains and explanations ) who knows maybe they did it to take my money ??!!! if the won't enable my account again what can i do to take my 200 eyros ... thank you for reading my e-mail account is firstname.lastname@example.org July 2009
I am already trading there for more than a month, I'm very satisfied and didn't had any problems to withdraw - so I'm sure they are not a scam. I agree for the support issue, but it is not too significant in my opinion.Daniel June 2009