Plus500 Review

Review

UK-based Plus500 established itself as a leading commission-free CFD broker with a global reach. With more than 2,000 assets on its proprietary trading platform, this publicly listed company continues to increase its global market share. I reviewed Plus500 to determine if you should join the 430,000+ traders who trust this broker and its commission-free cost structure. Is Plus500 a broker worth considering?

Pros

Cons

Competitive asset selection of 2,000+ focused on equity and ETF CFDs

No support for algorithmic trading and absence of MT4

Guaranteed stop-loss orders and negative balance protection

Higher minimum deposit but within a reasonable range

A publicly listed company, well-capitalized and trusted

 

Lightweight webtrader ideal for beginner traders

 

Summary

Headquarters

Israel, UK

Regulation

FCA, CySEC, ASIC, FMA, FSCA, FSA, MAS, ISA

Established

2008

Execution Type

Market Maker

Minimum Deposit

$100

Maximum Retail Leverage

1:300

Trading Platform(s)

Proprietary trading platform

I like the lightweight webtrader at Plus500 for beginner traders, but it lacks support for algorithmic trading solutions. The choice of equity CFDs makes Plus500 an excellent choice for equity-focused portfolios. The email and push notifications on market events and price movement alerts are also well-executed features.

Plus500 Main Features

Retail Loss Rate

72.0%

Regulation

Yes

Minimum Raw Spreads

Not applicable

Minimum Standard Spreads

0.8 pips

Minimum Commission for Forex

Commission-free

Commission for CFDs/DMA

Commission-free

Commission Rebates

Not applicable

Minimum Deposit

$100

Demo Account

Yes

Managed Account

No

Islamic Account

No

Inactivity Fee

$10 monthly after three months

Deposit Fee

No

Withdrawal Fee

Third-party

Funding Methods

5

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Regulation and Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Plus500 presents clients with eight well-regulated entities.

Country of the Regulator

Name of the Regulator

Regulatory License Number

United Kingdom

Financial Conduct Authority

 

License Number FRN 509909

Cyprus

Cyprus Securities and Exchange Commission

License Number 250/14

Australia

 

Australian Securities and Investments Commission

AFSL Number 417727

New Zealand

 

Financial Markets Authority

FSP Number 486026

South Africa

 

Financial Sector Conduct Authority

AFSP Number 47546

Seychelles

 

Financial Services Authority

License Number SD039

Singapore

 

Monetary Authority of Singapore

License Number CMS100648-1

Israel

 

Israel Securities Authority

Not Available

Plus500 has eight regulatory licenses offering traders a choice between tighter regulation or a business-friendly trading environment. Plus500 is also a publicly listed company in the UK and a constituent of the FTSE 250 Index. Since listing on the London Stock Exchange (LSE) in July 2018, Plus500 has a spotless regulatory track record.

All Plus 500 subsidiaries segregate client deposits from corporate funds and offer negative balance protection. The UK and the Cyprus units additionally offer investor protection funds. The former secures 100% of deposits up to £85,000, and the latter 90% up to €20,000. Traders must accept less favorable trading conditions for additional protection.

I highly recommend the Seychelles subsidiary, as it presents the best trading environment amid higher leverage, bonuses, and more flexible trading conditions. It is ideal for active traders. Since Plus500 remains a well-capitalized broker with a trusted reputation and corporate image, the risks of default or malpractice are non-factors, in my opinion. Therefore, the lack of an investor compensation fund does not increase trading risk.

Plus500 Regulators

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Fees

Plus500 offers traders a commission-free trading environment but compensates it with higher spreads. The EUR/USD commences with a minimum mark-up of 0.8 pips or $8.00 per 1 standard lot, between 25% and 50% more expensive than commission-based offers from competitors. The same applies to most assets, but a few remain competitively priced, like oil, several index CFDs, and select equity CFDs. I recommend traders check desired assets and compare them to other brokers to evaluate the costs for their strategies.

Here is a screenshot of Plus500 live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

Plus500 Live Forex Quotes

The average trading costs for the EUR/USD in the commission-free Plus500 Pro account:

Average Spread

Commission per Round Lot

Cost per 1 Standard Lot

0.8 pips

$0.00

$8.00

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Plus500 traders can access swap rates from their platform by following these steps:

1. Click on the symbol of desired assets in the trading platform, located on the far-right in the instrument row.

2. Scroll down until you see Overnight funding -buy and Overnight funding-sell.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free Plus500 account.

Taking a 1 standard lot buy/sell position, in the EUR/USD at the average spread and holding it for one night will cost the following:

Minimum Spread

Commission per Round Lot

Swap Long

Swap Short

Total Trading

Costs

0.8 pips

 

$0.00

-$8.5766

X

$16.5766

0.8 pips

 

$0.00

X

-$4.5201

$12.5201

Taking a 1 standard lot buy/sell position, in the EUR/USD at the average spread and holding it for seven nights will cost the following:

Minimum Spread

Commission per Round Lot

Swap Long

Swap Short

Total Trading

Costs

0.8 pips

 

$0.00

-$60.0362

X

$68.0362

0.8 pips

 

$0.00

X

-$31.6407

$39.6407

The commission-free trading costs at Plus500 are better than competitively priced, commission-based competitors. Compared to other commission-based pricing environments, they rank among the better ones.

Other trading costs at Plus500 consist of a 0.70% currency conversion fee, which applies to each trade settles in a different currency than the account currency. Plus500 also offers guaranteed stop-loss orders, only available during market hours and on select assets, for which it widens the spread. In its example, the extra costs are $10.

After three months of inactivity, Plus500 levies a $10 inactivity fee. It is deducted from the account balance each month.

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What Can I Trade

Plus500 maintains 71 currency pairs, ten cryptocurrency pairs, 22 commodities, 33 index CFDs, 1,737 equity CFDs, 95 ETFs, and 877 options contracts. I like the overall breadth of trading instruments, as it serves most trading strategies well. The extensive options contracts selection allows traders to deploy more sophisticated trades, and it also serves as a low-cost portfolio hedge.

Asset List and Leverage Overview

Currency Pairs

71

Cryptocurrency Pairs

10

Commodities and Metals

22

Index CFDs

33

Equity CFDs

1,737

Bonds

0

ETFs

95

Options, Futures, and Synthetics

877

Maximum Retail Leverage

1:300

Maximum Pro Leverage

1:300

Plus500 Leverage

The maximum leverage at Plus500 depends on the regulatory authority. It ranges between 1:20 and 1:300. I recommend the Seychelles subsidiary for active traders, as it grants 1:300 and more overall trading flexibility, which directly impacts profitability.

Plus500 Trading Hours (GMT +1 Server Time)

Asset Class

From

To

Cryptocurrencies

Sunday 15:00

Sunday 14:00

Forex

Sunday 23:05

Friday 22:00

Commodities

Monday 00:00

Friday 23:00

European CFDs

Monday 09:00

Friday 17:30

US CFDs

Monday 15:30

Friday 22:00

Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

Plus500 traders can access trading hours from their platform by following these steps:

1. Click on the symbol of desired assets in the trading platform, located on the far-right in the instrument row.

2. Scroll down until you see the Current trading session and Next trading session.

Plus 500 CFD Review

I like the CFD selection at Plus500. With 2,000+ CFDs, traders have enough trading opportunities and cross-asset diversification. Unlike many competitors who focus on large-cap stocks only, Plus500 also offers traders access to mid-cap names, where risks and rewards remain higher. Equity leverage remains restricted to 1:5, even for highly liquid names.

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Account Types

I like that Plus500 treats all traders to the same trading account type. There is no upselling to better trading conditions based on higher deposits. Some jurisdictions, like the UK, Cyprus, and Australia, offer an upgrade to a Pro account, where traders get identical trading conditions as retail traders at the Seychelles subsidiary.

The minimum deposit is $100, and the maximum leverage depends on the jurisdiction. I highly recommend the Seychelles unit for traders who require high-leverage trading conditions.

Plus500 Demo Account

Plus500 offers unlimited demo accounts. The default demo balance is $50,000. Once the portfolio drops to $200, Plus500 restores the starting balance. Traders should keep in mind that such amounts are not always realistic, which can slightly compromise the effect of the simulation.

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Trading Platforms

Plus500 offers its proprietary trading platform. While traders may download a desktop client for Windows 10 devices, I recommend the lightweight webtrader, as the functions remain the same. It is also available as a mobile app. The trading platform is user-friendly but does not support algorithmic or social trading.

Overview of Trading Platforms

MT4

No

MT5

No

cTrader

No

Proprietary/Alternative Platform

Yes

Automated Trading

No

Social Trading / Copy Trading

No

MT4/MT5 Add-Ons

No

Guaranteed Stop Loss

Yes

Negative Balance Protection

Yes

Unique Feature One

Broad asset selection

Unique Feature Two

User-friendly trading platform

 

Plus500 Proprietary Trading Platform

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Unique Features

Plus 500 offers push notifications based on market events, alerts on price movements, and changes in its in-house trader sentiment indicator. These tools can come in quite handy as traders may use them to assist in their decision-making process.

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Research and Education

Plus500 does not offer clients tradeable research but maintains well-written market commentary under News & Insights. Beginner traders get ten short videos complemented by written content, sufficient for an introduction. Since there are many services available online for traders to receive research and education, I do not consider the absence of both at Plus 500 as a negative. Plus500 operates purely as an execution-only market maker and does so successfully.

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Customer Support

Plus500 relies on its FAQ section to answer most questions. 24/7 live support is also available, embedded with the trading platform, which I recommend for any questions. Plus500 offers email support but does not list a phone number. Since Plus500 explains its products and services well and ensures flawless operations, I doubt traders will require customer support.

Plus500 Customer Support

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Bonuses and Promotions

The Plus500 bonuses and promotions depend on the regulatory jurisdiction. For example, EEA-based traders have none, as the European Securities and Markets Authority (ESMA), the super-regulator of the EU, banned them.

Traders with the Seychelles or Singapore subsidiary get a first deposit bonus on deposits above $200. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus.

Plus500 First Deposit Bonus

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Opening an Account

Opening an account at Plus500 takes less than 15 seconds. Traders must submit their email and select their password. They may also use their Google, Facebook, or Apple accounts to register at Plus500. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document.

Minimum Deposit

The minimum deposit at Plus500 is $100, higher than many brokers but within a reasonable range.

Payment Methods

Plus500 offers bank wires, credit/debit cards, Skrill, Neteller, and PayPal.

Accepted Countries

Plus500 caters to most international traders, including the UK, Australia, South Africa, New Zealand, and the Netherlands. It does not accept traders from the US.

Plus500 Account Opening

 

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Deposits and Withdrawals

The trading platform handles all financial transactions, where the options are limited to five, and availability dependent on geographic location. Plus500 does not charge deposit or withdrawal costs but a currency conversions fee of 0.70% applies where necessary. Third-party payment processor costs also exist, and I recommend traders check them. Another way to minimize costs is to avoid small or frequent withdrawals.

Plus500 notes internal processing times for withdrawals between one and three business days. External processing times depend on the desired option, but the FAQ section lists lengthy ones even for speedy online services.

Plus500 Payment Options

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General Information

Company Information

  • Broker's Name : Plus500
  • Headquarters : Israel
  • Regulation : CySEC, FCA, ASIC, FMA, FSB, MAS

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:30
  • Commissions / Spreads : Spread
  • Account 1 : CFD
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : Proprietary platform, Web-based
    • Platform Languages :
      • English
      • Polish
      • Swedish
      • Bahasa
      • Thai
      • Greek
      • Dutch
      • Portuguese
      • Russian
      • Chinese
      • Japanese
      • German
      • Turkish
      • French
      • Italian
      • Arabic
      • Spanish
      • Other
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Hungarian
      • Polish
      • Swedish
      • Bahasa
      • Thai
      • Greek
      • Dutch
      • Portuguese
      • Russian
      • Chinese
      • Japanese
      • German
      • Turkish
      • French
      • Italian
      • Arabic
      • Spanish
      • Other
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

Advantages

  • Well-regulated globally

  • Broad asset selection in equities and options

  • Guaranteed stop-loss order

Disadvantages

  • Low leverage for retail traders

  • Sub-standard trading platform without support for automated or social trading

  • No research and limited, below-average educational content

  • Lack of trading tools

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Plus500 vs Comparisons

Broker Alternatives

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Plus500 vs XM

Plus500 vs Saxo Bank

Plus500 vs Pepperstone

Plus500 vs Markets.com

Plus500 vs Trade360

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FAQs

Can Plus500 be trusted?

Plus500 is a publicly listed company and has eight regulators. Therefore, traders can trust Plus500.

Is Plus500 good for beginners?

The lightweight trading platform is good for beginners, but Plus500 does not provide in-depth educational resources or research.

Is Plus500 good in Australia?

Plus500 operates an Australian subsidiary with ASIC oversight and is a good CFD broker for manual traders.

Is Plus500 real money?

While Plus500 offers demo accounts with a virtual balance of $50,000, it also offers trading with real money accounts which can earn real money profit.

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Bottom Line

I like the trading environment at Plus500 for manual CFD traders who do not mind slightly higher costs. Plus500 is a well-regulated and publicly listed company in the UK. Trusted by 430K+ traders, the lightweight web-based trading platform offers all core trading functions. Plus500 also offers a guaranteed stop-loss order.

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User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.



49 User Reviews
fisherman

Hi everyone,i just noticed this website,i see there is a lot of comments about 500+,i have been trading with them for over 3.5years,before that I looked at a lot of different platforms,each having plus and minus features,when I first looked at 500+ I could see straight away that it was a clear and simple platform.I have no connection with 500+ so I give my honest opinion.Im a self taught trader although I am in the process of doing a professional trading dip.You really have to know what you are doing with trading,no second guessing,do your research and then do more.If you have time watch Bloomberg tv,its a good way to get a feel for whats going on in the market.There are a lot of tips I could give but id be typing for hours.It is possible to make money on this platform,i made 560euro in one day,i missed a trade by 2 days which would have made me 24,000 euro in 5 days,so I know its possible,i traded blackberry successfully when almost every analyst said don't.I also lost money,thats part of trading.

hakiks

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.

Markmunro4

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
THIS SYSTEM WORKS iffffffffffff you follow the rules, plain and simple from my experience and made £39 in one week

HLDAS

Can anyone tell me the way to withdraw money out of own account with Plus 500? Thanks in advance!

paulmerit

Ok, so if this Trading platform company is so bad can anyone recommend a good alternative

scottybabydude

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.

fiobian

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.

sir.tomas

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:

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...

matt w

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.

Mikero

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 ?!?!?!

aaskoven

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.

lars

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.

Rebecca

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?!

ArbTrooper

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 warning

Mag86

They rob you with their fees! Do not deposit money into this!!! Why all the complains?? Its a reason for it!!!

mr webster

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 ring

Veronica

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.

PETER

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.

Peppe

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.

Enaam Alum

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!

RM

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 :)))

fiexedspreads

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.

Craig Smith

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!

tom

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.

Wan Ishak

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.

cinik

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 account

Sullivan

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.

Nadeem

hi i want to know about plus500 bonus amount withdraw what is the requirement for withdraw bonus amount after complte bonus point Waiting reply Thaks

bilal

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 luck

boygoondoo

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 profits

Forex For Dummies

Plus500 is not a scam company. I have started trading for 6 months and they pay my earning.

Trader

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...

Stefan

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

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

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

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

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

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

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

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

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

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

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

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.

abdullah

this website is the best its not a scam they did give me bonus after i validated my phone

K E

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

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

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

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.

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72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.