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Forex Trading Reviews & News 
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Info |
| Name | Plus 500 |
| Website | "Plus500.com" |
| Established | |
| Country | Cyprus |
| Platform | Web-based |
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Advantages |
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Disadvantages |
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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.
General Information
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)
Trading Platform
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.
Plus500 Web Platform (Click image to enlarge)
Plus500 Downloadable Trading Platform (Click image to enlarge)
Features
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.
Customer Service
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.
Emails from Plus500 (Click image to enlarge)
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.
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FX BONUSES & PROMOTIONS
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Live FX Rates
| Symbol | Change | High | Low |
|---|
| EUR/USD | 0.0051 | 1.2578 | 1.2562 |
|---|---|---|---|
| AUD/USD | 0.0076 | 0.9838 | 0.9799 |
| EUR/GBP | 0.0017 | 0.8016 | 0.801 |
| EUR/JPY | 0.3 | 100.19 | 99.99 |
| GBP/USD | 0.0034 | 1.5692 | 1.5678 |
| USD/CAD | -0.0041 | 1.0271 | 1.0255 |
| USD/CHF | -0.0033 | 0.957 | 0.9563 |
| USD/JPY | -0.11 | 79.73 | 79.57 |
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6 Comments Add Comment
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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 mark.munro4@hotmail.co.uk
Markmunro4 February 2012
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 alternative
paulmerit February 2012 -
DO NOT USE THIS COMPANY.
scottybabydude November 2011
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.
fiobian November 2011
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:
sir.tomas October 2011
Hello,
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.
Sincerely,
Irina
Customer Support
I've send few emails regarding how can i get my money back, since i havent heard from them...
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