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Plus500.com Review

Overall Rating: (2.038)
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Total Reviews: 69
Last Updated: 2014-12-16
Special Notes:

Plus 500's UK branch at www.plus500.co.uk registered with the FSA on 2010-06-29.

Note: Plus 500 has received a warning from Cysec.  You can read it here...

Cysec Warning

October 2012:  Plus500 fined over 200,000 GBP by the FSA

FSA Penalty Details

CAUTION:  Plus500 reserves the right to cancel scalp trades.  It appears that they do not clearly define how long a trade must be held to not be considered scalping.  Please Click Here and see this thread for more information.

The FPA recommends against dealing with brokers that cannot or will not provide a clear definition of what trades are and are not allowed.

Click here to join live discussion of Plus500.com on our forum
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FPA Review Moderation Team, USA

Rating: No Rating
Date of Post:2009-06-19
Review: We haven't tried a forex trading account with Plus500.com. If you've used them as your forex broker, please leave a review here.

huang yuanjiang, brussel, Belgium

Rating: No Rating
Date of Post:2014-12-12
Review: my story: I put 800 euro with a card prepaid of Bpost in my account at plus500, but when i ask withdraw 400 euro to my bank account,they refuse it,saying the card prepaid with no my name.i give them the offiel contrat with my namemy id numbermy addres...always no.what a fu*k logic.just like a banker say no to his client who want to get back money by saying "the notes you gave me last week are not printed your name"....
ps.plus500 without hot-linewithout structure of companywithout CEO introduction without licence number........just a FCA renference. i've been their SG in London,nobody meet me.and someone in the building told me "they are only half dozen here.it's a isreal firm".........
byebye my 800 euro!!!

the day the price of oil krached in US,i have more than 600 euro profit with 2 open position of ~ 100 euro. but plus500 locked the buton "close".i have no choice befor go to bed besides the "stop loss" minimium.......next morning,i saw my gain became to.....~50euro?

Leroy, , Hong Kong

Rating:
Date of Post:2014-11-15
Review: i get profit from HKD 10000 to now HKD 2.4M but they don't let me withdraw and send me the scalping warning.But the important thing is they don't define what is scalping accurately.i have sent a email to them to ask how short timed postion be defined as scalping , their reply is judging scalping not using time frame standard, using methodlogical as the standard,which is meaning what trading problem they say is right, nothing can be complied with their user agreement.

Justme, London, United Kingdom

Rating: No Rating
Date of Post:2014-06-17
Review: Despite this Broker getting negative reviews all over the internet, they managed to get to a $1billion valuation and launched an IPO in London!!!

Bruce, ontario, Canada

Rating:
Date of Post:2014-05-05
Review: Horrible!...no phone....claim to have online chat support, they don't...email only...takes 24 hrs to get reply when something is wrong...they are an Israeli group operating out of London...they allow you to deposit via credit card and then won't allow you to withdraw funds after you have supplied all the initial documentation they request when opening the account.

GRAB YOUR MONEY AND RUN AS FAST AS YOU CAN AWAY FROM THIS BROKER...THEY AREN'T WHO THEY PROJECT THEMSELVES TO BE.

yang, kota kinabalu, Malaysia

Rating:
Date of Post:2014-03-27
Review: i was in this broker in 2010,, more or less about 6 months, later they suspended my account,, i try to reach them from their website link (contact us) sadly i only found these...[email protected] and
Faks: +44 203 002 7290 .. so i sent them email to complaint about my account,,but till now 2014 i got no answers..not only once i sent email to them. this broker is very professional cheater,, i hope they see this review,,you have your confirmation email and funding transaction email in my email account ,, u know this when you check your client list,, [email protected],,,no chat live support, no telephone number ,,u r cheater... i wonder how they acquire authorized company regulation from FCA and not being caught...
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A.M, Athens, Greece

Rating:
Date of Post:2014-02-26
Review: Suspicious activity regarding their live charts accuracy, and trading ability. The only positive i have to say is that they have a large variety of stocks and my withdraw of 200euros worked.

Lloyd, , United Kingdom

Rating:
Date of Post:2014-02-12
Review: I had requested a withdrawal for <100 and it took 3 days. Another I requested >800 4 days and still nothing, hence my hunt to find the timescales.

Ahmed Mosad, Cairo, Egypt

Rating:
Date of Post:2013-12-23
Review: This company is blocked by link.net ISP in Egypt for many request to ban site due to scam claims from client in Egypt be Caution

Thomas, Bruges, Belgium

Rating:
Date of Post:2013-12-20
Review: I'm a beginner trader and used this broker because the software looked easy to use at that time. However, the more you learn about forex trading you begin to see that their application is way below par. You have no drawing options on their charts (lines, fib, ...).
On top of that they do not allow scalping and refuse to give a clear definition on what they consider scalping.
When I heard reports of people not getting their money back I took out my money (got it back, minus my losses off course... beginner trader...)

Don't go for this broker, there are other brokers enough. If the complexity of MT4 spooks you then find a broker that offers ctrader, I find it rather intuitive.
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