Plus 500 Review

:	Plus 500
:	"Plus500.com"
:
	Cyprus
	Web-based
:	support@Plus500.com
:	+44 203 002 7290

» User Friendly

» Easy Registration, deposit, and withdrawal process

» Mini Account

» Web-based platform

» Awaiting Regulation

» No Live Chat

» No phone orders

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Plus 500

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.

8/6/2010 11:29:52 PM (cid 1079)
	Nadeem 1 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

6/30/2010 2:15:38 AM (cid 973)
	Hercu 1 Well I would like to inform every one regarding plus500.com. They are cyprus based company. I sent them email in greek and they reply that there is no greek speaking in the company and if I can resend email in English. I was what??? haow this can be? till I lost 300euro by price manipulation and of course rest of the money where never return when asked withdraw. So I googled them and saw a lot scam reports.. I contact imidiatly Cyprus Exchange Capital comity and reported them. Guess what they said there is no such company as plus500 in cyprus and police where reported. As well they are under investigation by moneybookers and by google, since they even advertising in google using instaforex as title to get hits. So hope this scammers will get busted eventualy but guys stay away from them

6/13/2010 12:17:59 PM (cid 926)
	bilal 1 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

4/13/2010 4:01:21 PM (cid 774)
	boygoondoo 1 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

3/31/2010 10:30:10 AM (cid 745)
	Forex For Dummies 1 Plus500 is not a scam company. I have started trading for 6 months and they pay my earning.

3/29/2010 3:24:10 PM (cid 740)
	Trader 1 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...

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

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

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

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

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

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

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

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

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

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

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

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

8/13/2009 3:57:46 AM (cid 311)
	ted 1 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?

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

7/20/2009 6:15:45 AM (cid 202)
	K E 1 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.

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

7/20/2009 5:59:36 AM (cid 199)
	menelaos1991 1 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

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

6/21/2009 4:01:59 AM (cid 95)
	DailyForex Team 1 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

6/20/2009 4:31:56 PM (cid 94)
	suryan 1 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.

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