Search

PLUS500+ Forex Broker provides real users with * positive reviews, 2 neutral reviews and 10 exposure review!

PLUS500+ Broker Review

1.51

WikiFX monitor

Business

Influence D

License

No license

PLUS500+ Review 12

Latest All(12) Neutral(2) Exposure(10)
Neutral

The 24/7 service provided by PLUS500+ is really great. I can directly ask the online customer service for any questions I encounter, and get answers quickly.

谢家少爷《二》
2023-03-02
Neutral

I honestly think the PLUS500+'s website looks great, but wikifx has a lot of complaints from victims. I hope they can recover the funds soon, and also thank wikifx for helping me avoid fraud.

FX1143082639
2022-12-13
Exposure
Plus500 is unable to wtihdraw

Plus500+ will suspend the account deposit and cannot withdraw money. Plus500 (investment apps) will suspend the account deposit, including winning/loss/principal, will be confiscated and voided, they will use the terms of service (English, no Chinese) to suddenly block the account and transfer The account deposit is invalid, and it only says "you have left the terms". In fact, I have used plus for a year. I used plus for small bets. At first, the deposit and withdrawal were normal, and I began to have confidence in plus500, so I started to deposit more money into the account. When you start to make a lot of money, plus 500 will block the account (I made the money on May 2, and the picture will be blocked on May 18) He only said that I had left the terms and the deposit would be confiscated/nullified. In fact, in the past year, I It’s all the same business. In the past, there was no problem with a small amount of money in the account. If you have more funds, you will suddenly lose the terms. In fact, looking at my annual report (with photos), it is also an average loss of money. I don’t understand it. The terms in my favor" will void" my account / including the deposited principal

FX2563610449
2022-06-01
Exposure
Scammmers

The Australian Cyber Security Centre have stated Plus500net are scammers. Do not open any emails from Plus500 they are either from the Turkey group of scammers or the Phillipines. Stay aware complaint to AssetsClaimBack advisory might be of aid for victims .Do not pick up any calls from them as they use spoofing technology to make it appear they are calling you from the country you live in.

FX57947855
2022-05-24
Exposure
They claim to be regulated, false claim.

After trading with plus500 for a year I still can't get my balance out after paying taxes. Customer care informed me that my trading account had been frozen due to a 120,000USDT deposit by a third party. This was against anti-money laundering regulations. If I wanted to withdraw, I needed to deposit $2500USDT into my account.

FX3464800242
2022-05-24
Exposure
Denied withdrawal

This company runs a manipulated system, they make sure you don’t make profits. If you’re fortunate enough to make huge profits they deny you withdrawal until you involve companies like Traceasset.wiki like I did in my case to get out 80% of my assets , another trick they use is to suspend your account without genuine reasons

FX2626746956
2022-05-23
Exposure
AssetsClaimBack Legal Expert

I lost 120,000 US$ over 1 a year by trading with Plus500 platform, it started last year and it was easy to become a user, in the beginning i made some money, but soon it started to turn to a nightmare, more and more irregularities showed up, failed access to my account when i received margin calls, i filed a complaints to AFCA and was let down. I realized that they are alot of cloned Plus500 platform but unlucky me i fell for the wrong platform, i had to request a chargeback from an Australian firm in my title which led to a new good beginning i stop trading entirely and focus on saving my money myself, please stay safe and stop wasting your money on this scammers glad i made a final good decision.

FX3464800242
2022-05-20
Exposure
Plus500 does not withdraw, all the account deposits will be disappeared

plus500 will void the account deposit, including winning/lose/principal, all will be confiscated and voided, they will use the terms of service (English, no Chinese) to suddenly block the account and void the account deposit, only saying "you have returned the terms" "Actually, I have been using plus for a year. At first, I used plus for small bets. At first, the deposits and withdrawals were normal. I began to have confidence in plus500, so I started to deposit more money into the account. Unexpectedly, when you start to deposit more money, plus 500 will be blocked. Account (I made money on May 2, and the picture was blocked on May 18) He only said that I had left the terms and the deposit would be confiscated/nullified. In fact, I have traded in the same way in the past year. If something happens, if there is too much money, the clause will be suddenly returned. In fact, looking at my annual report (with photo), it is also an average loss of money. I don’t understand it. People can also say that the clause that “reporting capital is beneficial to me” will be voided. Account / including the deposited principal, everyone should be careful

FX2563610449
2022-05-19

  

Plus500+ 2025 Review: Everything You Need to Know

  Summary: The Plus500+ trading platform has garnered mixed reviews, with users praising its user-friendly interface and diverse asset offerings, while expressing concerns about regulatory issues and withdrawal difficulties. One of the key features is its wide range of tradable instruments, including CFDs, cryptocurrencies, and commodities.

  Note: It's important to highlight that the regulatory landscape varies by region, and Plus500 operates through multiple entities, each with different regulatory standards. This can impact user experience and safety.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 7
Trading Setup (Experience) 8
Trust Level 6
User Experience 7

  We rate brokers based on extensive research and user feedback.

  

Broker Overview

  Founded in 2008, Plus500 is a leading online trading platform based in Israel, known for its focus on Contracts for Difference (CFDs). The platform offers a proprietary web-based trading interface, making it accessible for beginners and experienced traders alike. Plus500 provides access to a broad range of asset classes, including stocks, forex, commodities, indices, and cryptocurrencies, but does not allow direct ownership of these assets. The broker is regulated by several financial authorities, including the UKs Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), which adds to its credibility.

  

Detailed Breakdown

  

Regulated Geographical Areas

  Plus500 operates in over 50 countries, with regulatory oversight from various authorities. The main regulatory bodies include:

  • FCA (UK)
  • ASIC (Australia)
  • CySEC (Cyprus)
  • MAS (Singapore)
  • FMA (New Zealand)

  Traders in these regions benefit from stringent consumer protection laws, including segregated accounts and negative balance protection.

  

Deposit/Withdrawal Currencies/Cryptocurrencies

  Plus500 supports multiple currencies for deposits and withdrawals, including USD, EUR, GBP, and AUD. The broker allows deposits via various methods such as credit/debit cards and e-wallets like PayPal and Skrill, with no fees for deposits or withdrawals. However, a currency conversion fee may apply for trades involving different currencies.

  

Minimum Deposit

  The minimum deposit required to open a trading account with Plus500 is $100, which is relatively low compared to many other brokers, making it accessible for new traders.

  

Bonuses/Promotions

  While Plus500 does not frequently offer bonuses, it provides a demo account that allows users to practice trading without financial risk. This feature is particularly beneficial for beginners looking to familiarize themselves with the trading platform.

  

Tradable Asset Classes

  Plus500 offers a diverse range of tradable assets, including:

  • CFDs on Forex: Over 60 currency pairs, including major, minor, and exotic pairs.
  • Cryptocurrencies: A limited selection of cryptocurrency CFDs, including Bitcoin and Ethereum.
  • Commodities: Various commodities such as gold, silver, and crude oil.
  • Indices: Access to major global indices like the S&P 500 and FTSE 100.
  • Shares: CFDs on stocks from major companies across various exchanges.

  

Costs (Spreads, Fees, Commissions)

  Plus500 operates on a commission-free model, relying on spreads for revenue. The spreads are competitive, with the EUR/USD spread averaging around 0.6 pips. However, users should be cautious of overnight funding fees and a $10 inactivity fee charged after three months of inactivity.

  

Leverage

  Plus500 offers leverage up to 1:30 for retail clients and up to 1:300 for professional clients, which can amplify both potential profits and losses. This leverage structure is subject to regulatory restrictions based on the trader's location.

  

Allowed Trading Platforms

  Traders can access Plus500 through its proprietary web platform and mobile applications for iOS and Android. However, the platform does not support popular third-party trading software such as MetaTrader 4 or 5, which may limit advanced traders.

  

Restricted Regions

  Plus500 does not accept clients from certain countries, including the United States and Canada, which may limit access for some potential users.

  

Available Customer Service Languages

  Plus500 provides customer support in multiple languages, including English, Spanish, Chinese, and Arabic. The support is available 24/7 through live chat and email, although the absence of phone support may be a drawback for some users.

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 7
Trading Setup (Experience) 8
Trust Level 6
User Experience 7

  

Detailed Analysis

  

Account Conditions

  Plus500 offers a single live account type with a minimum deposit of $100, making it accessible to a wide range of traders. The account provides access to all trading instruments and features, but the lack of multiple account types may not cater to more advanced trading needs.

  

Tools and Resources

  While Plus500 offers a user-friendly platform, its educational resources are somewhat limited compared to other brokers. The platform includes basic trading tools and charting options, but lacks extensive market research features.

  

Customer Service and Support

  Customer service is available 24/7 through live chat and email, with generally positive feedback regarding response times. However, the absence of phone support may hinder some users seeking immediate assistance.

  

Trading Setup (Experience)

  The trading experience on Plus500 is streamlined and user-friendly, making it suitable for beginners. The platform's design facilitates easy navigation and quick order execution, although it may not offer the advanced features that experienced traders seek.

  

Trust Level

  Plus500 is regulated by several reputable authorities, adding to its credibility. However, users have reported issues with fund withdrawals and account suspensions, raising some concerns about the platform's reliability.

  

User Experience

  Overall, Plus500 provides a satisfactory user experience with its intuitive interface and diverse asset offerings. However, the limitations in educational resources and trading tools may deter some traders.

  In conclusion, the Plus500+ review indicates that while the platform is generally reliable and user-friendly, potential users should be aware of its limitations, particularly regarding educational resources and customer support options. Users are advised to conduct thorough research and consider their trading needs before engaging with the platform.