Plus 500 Review


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Info

Name:	Plus 500
Website:	"http://www.Plus500.com" http://www.Plus500.com
Established:
Country	Cyprus
Platform:	Web-based
Email:	support@Plus500.com
Telephone:	+44 203 002 7290

Advantages

User Friendly
Easy Registration, deposit, and withdrawal process
Mini Account

Disadvantages

Web-based platform
Awaiting Regulation
No Live Chat
No phone orders

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Plus 500 Review Plus 500 Review

rate: 3.00

By: Hillel Fuld

When first encountering Plus 500, my first impression was how clean and user-friendly their website is. They have a very organized way of displaying their offering and all its features. Each category is displayed in its own tab, including Forex, commodities, indices, stocks, and CFDs.

Depositing funds could not be easier with almost any option open to you. These include money transfer, credit card, and money bookers. Registering for Plus 500 was also completely seamless and surprisingly, so was withdrawing my funds.

The actual trading was relatively straight forward, however, the lack of a Web-based platform might be a disadvantage to some Forex brokers. Their service is offered in 14 different languages, which is a relatively high number, something some might see as a sign of Plus 500's accountability.

In terms of funding, Plus 500 offers a mini account enabling you to trade with as little as $100 and a 200:1 leverage. When trading, you have access to the world's financial markets and real time quotes. The platform is very responsive and includes the standard Entry Limit, Stop Loss, Profit Limit, Trailing Stop, and Market Orders. They also offer an unlimited free demo account, which should be taken advantage of by every Forex trader interested in opening an account with Plus500.

However, not everything is so rosy when it comes to Plus 500. Their customer service is available 24/7, but only by fax and email. They do not offer the basic feature of live chat, something that has become completely trivial in the world of Forex Brokers. Not only is it trivial, live chat is also very necessary. For example, as I am writing this review, I am still awaiting a response from their customer service regarding some questions I had. Some of their sites in other languages do not even include a fax number. Another disadvantage of Plus 500 is that they are now awaiting FSA approval, which once again, might be a sign to wait some time before trading with them.

Their site offers very helpful training videos explaining and displaying their trading platform and exactly how to trade with it. I found these to be very helpful and a resource that should definitely be used before trading with Plus 500.

When opening an account with Plus 500, you will be surprised by some very nice and helpful bonuses. For one, their demo account is not limited by time, something that is quite unusual in the Forex market. In addition, Plus 500 offers a 30% bonus on your first deposit, as well as a $50 gift toward your trading account.

Plus500 is an impressive broker and they give you the feeling they really want your business with all their offered bonuses. However, for some odd reason, they do not offer live chat, something that raises a red flag and gives you the impression that they might want your business, but they do NOT want to talk to you about it, a theory magnified by the fact that they do not take phone orders.

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<h1><a href='forex_providers/brokers/Plus 500.aspx' target="_blank" >Plus 500
				 Review</a>
				 
				 
				 </h1>
				 
				 
				 
				<h4>rate: 3.00</h4>
		
 
 
 
 
			By: Hillel Fuld 
When first encountering <a href="/forex_providers/brokers/Plus%20500.aspx" target="_blank">Plus 500</a>, my first impression was how clean and user-friendly their website is. They have a very organized way of displaying their offering and all its features. Each category is displayed in its own tab, including Forex, <a href="/_1290_glossary__Commodity.aspx" target="_blank">commodities</a>, indices, stocks, and CFDs. 
 
Depositing funds could not be easier with almost any option open to you. These include money transfer, credit card, and money bookers. Registering for Plus 500 was also completely seamless and surprisingly, so was withdrawing my funds. 
 
The actual trading was relatively straight forward, however, the lack of a Web-based platform might be a disadvantage to some Forex brokers. Their service is offered in 14 different languages, which is a relatively high number, something some might see as a sign of Plus 500's accountability. 
 
In terms of funding, <a href="/forex_providers/brokers/Plus%20500.aspx" target="_blank">Plus 500</a> offers a mini account enabling you to trade with as little as $100 and a 200:1 leverage. When trading, you have access to the world's financial markets and real time quotes. The platform is very responsive and includes the standard Entry Limit, <a href="/_341_glossary__Stop_Loss_Order.aspx" target="_blank">Stop Loss</a>, Profit Limit, Trailing Stop, and Market Orders. They also offer an unlimited free demo account, which should be taken advantage of by every Forex trader interested in opening an account with Plus500. 
 
However, not everything is so rosy when it comes to Plus 500. Their customer service is available 24/7, but only by fax and email. They do not offer the basic feature of live chat, something that has become completely trivial in the world of Forex Brokers. Not only is it trivial, live chat is also very necessary. For example, as I am writing this review, I am still awaiting a response from their customer service regarding some questions I had. Some of their sites in other languages do not even include a fax number. Another disadvantage of Plus 500 is that they are now awaiting FSA approval, which once again, might be a sign to wait some time before trading with them. 
 
Their site offers very helpful training videos explaining and displaying their trading platform and exactly how to trade with it. I found these to be very helpful and a resource that should definitely be used before trading with Plus 500. 
 
When opening an account with Plus 500, you will be surprised by some very nice and helpful bonuses. For one, their demo account is not limited by time, something that is quite unusual in the Forex market. In addition, Plus 500 offers a 30% bonus on your first deposit, as well as a $50 gift toward your trading account. 
 
<a href="/forex_providers/brokers/Plus%20500.aspx" target="_blank">Plus500</a> is an impressive broker and they give you the feeling they really want your business with all their offered bonuses. However, for some odd reason, they do not offer live chat, something that raises a red flag and gives you the impression that they might want your business, but they do NOT want to talk to you about it, a theory magnified by the fact that they do not take phone orders.
				
 	 
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Original source of this content: <a href='http://www.dailyforex.com/_246_review_Plus 500_.aspx' target='_new'>Plus 500 Review</a>

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Comments (20 Comments)

	Stefan 1 Comments 2/10/2010 2:24:02 AM (cid 686)
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.

	Suman 1 Comments 2/7/2010 4:57:56 AM (cid 681)
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.

	Jack Frith 1 Comments 2/5/2010 10:30:00 PM (cid 677)
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 Jack

	Martin 1 Comments 1/7/2010 10:29:11 PM (cid 594)
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 :-)

	Sundar 1 Comments 1/5/2010 10:48:37 AM (cid 590)
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.

	MASLAN 1 Comments 11/29/2009 10:20:48 AM (cid 543)
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.

	hanyek 1 Comments 11/26/2009 11:50:30 PM (cid 542)
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?

	Nelson Pereira 1 Comments 9/18/2009 9:01:44 PM (cid 400)
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.

	Tony Mattar 1 Comments 9/17/2009 2:48:36 AM (cid 398)
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.

	Tibi 1 Comments 9/13/2009 1:55:27 PM (cid 378)
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.

	Debs 1 Comments 8/26/2009 12:45:26 PM (cid 334)
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.com

	Steve 1 Comments 8/14/2009 8:52:37 AM (cid 312)
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.

	ted 1 Comments 8/13/2009 3:57:46 AM (cid 311)
500plus are the biggest SCAM, am based in the UK , after trebling the bonus after various trades they have blocked my account, now they are saying they don't accept people from my country - the UK?

	abdullah 1 Comments 8/12/2009 1:52:16 PM (cid 310)
this website is the best its not a scam they did give me bonus after i validated my phone

	K E 1 Comments 7/20/2009 6:15:45 AM (cid 202)
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 1 Comments 7/20/2009 6:14:03 AM (cid 201)
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 ++

	menelaos1991 1 Comments 7/20/2009 5:59:36 AM (cid 199)
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 menelaos1991@hotmail.com

	Daniel 1 Comments 6/30/2009 3:03:02 AM (cid 125)
Hi Suryan , 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.

	DailyForex Team 1 Comments 6/21/2009 4:01:59 AM (cid 95)
Dear Suryan Thank you for your comment. We want to try and solve the problem you discussed in your comment. Please send us, if you will, a detailed description of the problems you encountered, and we'll address the issue in cooperation with the brokers involved. Thank You, The DailyForex.com Team

	suryan 1 Comments View Site. 6/20/2009 4:31:56 PM (cid 94)
This website is a scam and there is one more website similar to this which shares same database as plus500.com. First register in plus500.com and later try to register in 10Pips.com and you will get an error. They never pay bonus money after validating your phone.As I register today only and I after validating mail and phone no I was not given cash 20$.So please don't waste money in this site.