Plus500.com Review Visit site

The dynamic spreads and methods used for pricing of instruments (which is not transparent) makes Plus500 one too avoid.

Its basically not much more than a scam to make you feel like a trader but in actuality it’s designed to sap your money. They only make money if you loose money bear that in mind.

Thats why ~80% of their clients loose money. If it was fair it would be a figure close too 50%! Think about it.

Plenty of others in the market now. Be careful, do your research and avoid Plus500

The worse broker ever.trade like cassino with dynamic spread stay away.

You will lose money if:

1.Trade stocks:
The price is completely different from the real price they wait at least 1 or 2 (1cents, 1euro, 1dolar ans so on to )update their prices.The spread is very high.If you make a wrong move you never come back to green.

why you go for a broker when the price is completely different, the spread is very high, pay for overnight, and dont show the volume of the stocks, and the stocks are very you cannot trade after before hours, and sometimes the button Sell/buy is disable? it is your money..

Lets say you bought 12.000 ascena shares the price in the market is bid.36 X ask 0.37 and +plus500 would be .33 x .34 or sometimes .32 x .33
.if the price goes up they will update the price only when the price up to .38 or .03899 without decimals.

Overnight fund is very expensive it is very hard to maintain a portfolio or go long with small account.

You can't open 2 screens for a trader, it is very important or login in 2 devices.

2.Option:

The same for stocks If the price goes up they wait to update the price.
but if the price goes down they update the price very quick. if you have a small account you always lose.

3.When I started trade I thought that I did not know how to trade. I lose a lot of money. So I started with another broker for some reason I am profitable now.

4.I don't know who allowed this company to work as a broker but I don't recommend to anyone.

6.Deposit and Withdrawal
I never had a problem.

I have been using plus500 for the last 1 year, i like their web platform better than other brokers, they do not provide MT platforms. This platform is very compatible with mobile and provides easy to u understand data points to start and close a trade.

Their margins are low and it is good for someone to make quick decision for buy and sell.

Their payment methods are standard and withdraw to paypal is 2 working days which is very convenient.

Please ensure you upload all documents and get it verified before deposit and make profit on live account

They have ontime chat service who can assist you in basic and their backend team are prompt in resolving cases

The worry is not having mt4 therefore difficult to use EA kind of services for desktop once you start becoming expert in trading.

They do not offer scalping which is a downsize, so if you are expert HFQZY trader it may not be the right platform

Make sure you have enough funds and with a right trading plan you can be happy with plus500 and enjoy their surprise bonus.

Good luck

My friend uses this brokerage and so I thought I would check them out to verify their usefulness.

Their tools are setup for you to fail:

-The default time is 1m.
-There's only the most basic tools for trading, could probably count their aggregate total on two hands.
-You can only use their inhouse web app which is laggy and illsuited for trading.
-There's no way to download historical data,
-There's no ability for you to code your own indicators or trading robots.

Furthermore, their terms and conditions are beyond belief:

-They have a severe conflict of interest with their customers as they always take the other side of the trade: this isn't disclosed sufficiently either.
-There's some line in the order execution policy about explicitly consenting to trading on an unregulated market they create.

I could go on, but you get the gist? Use a better brokerage.

Could the Plus500 social media team explain the following “you acknowledge that any prices quoted on the Trading Platform are set by us”. Plus500 are fixing the price as well as acting as counterpart to any trade on there platform. They profit when clients lose so by controlling the platform and price they can ensure clients lose. The media need to put pressure on this company because it is a joke that they are regulated.

Price Fixing. Plus 500 will alter the market price of an instrument in their favour . the will keep the price of an instrument 5 - 10 cents below the market value so profits are not hit and stop losses are hit easier. Ive had a very interesting conversation with support who just wont give a straight answer .

its cheap, cheerful and simple but if you ever want to go an extra yard, you wont find it there. I used plus 500 as my first broker out of university because most of the students in my finance club were using them. But as soon as I wanted to develop my trading i.e. analysis, news, fundamentals, they are so limited. Plus dont ever expect to speak to anyone there be it customer service, account managers or trading, you can never get them on the phone. They are mostly automated or email/chat only. So all in all, they are great t start with but if you are serious about trading, its best to find a more professional platform.

In September pf 2019 I opened an account in Plus 500, I started trading, and on November I began to have suspicions because the operations that had more profits were invested in me, and thus I always lost and my account seems closer to finishing. I made the claim to the supposed technical support, they compensated me $ 30 and the problems continued, I complained again and the answer is the same everything is fine. PLEASE DON'T FALL INTO THESE TRAPS. DON'T SAY I DON'T WARN YOU.

En Septiembre 2019 abrí una cuenta en Plus 500, comense a operar, y el me de Noviembre comencé a tener sospechas porque las operaciones que tenia mas ganancias se me invertían, y pues así siempre perdía y mi cuenta da ves mas cerca de acabarse. Hice el reclamo al supuesto soporte técnico, me compensaron $30 y los problemas siguieron, volví a reclamar y la respuesta es la misma todo esta bien.

ASÍ QUE NI SE LES OCURRA CAER EN ESTAS TRAMPAS.

DESPUÉS NO DIGAN QUE NO LES ADVIERTO.

Oct 16, 2019 - 1 Star ABRI UNA CUENTA CON PLUS 500 EN MES SEPTIEMBRE 2019 Y DESPUES DE OPERAR 15 DIAS ME DI CUENTA QUE SIEMPRE QUE IBA GANANDO BUENAS UTILIDADES SE ME INVERTIA EL CIERRE CON LA APERTURA, Y PUES ASI SE PIERDE, HICE EL RECLAMO POR CHAT, ENVIE FOTOS Y EXPLICACION DE LA SITUACION Y HASTA LA FECHA TAN SOLO ME HAN REINTEGRADO 33 MIL PESOS . EL PROBLEMAS ES QUE FUERON MAS CASOS Y NO ME HAN RESUELTO Y MENOS ME HAN VUELTO A CONTESTAR. ASI ES MUY DIFICIL , LO MAS SEGURO ES QUE SE PIERDA. ES MAS LOS SPREAD SON MAS GRANDES QUE LOS DEMAS BROKERS.

I OPENED AN ACCOUNT WITH PLUS 500 IN MONTH SEPTEMBER 2019 AND AFTER OPERATING 15 DAYS I realized that I was always earning good profits. EXPLANATION OF THE SITUATION AND UP TO DATE SO ONLY 33 THOUSAND PESOS HAVE BEEN REFUNDED. THE PROBLEMS ARE THAT THEY WERE MORE CASES AND HAVE NOT BEEN SOLVED AND LESS HAVE BEEN REPLACED TO ME. THIS IS VERY DIFFICULT, THE SECURE IS MISSED. THE SPREAD IS MORE BIGGER THAN THE OTHER BROKERS.

Reply by Plus500 submitted Oct 18, 2019 Hello and thank you for your feedback.



We are sorry to hear that you are not satisfied with our procedure. Please, be sure that we strive to improve our services and provide you with the best experience possible.



We recommend you to contact our Support team once again in case you have specific suggestions and they will gladly assist in any matter.



Regards,

Plus500

I had an account with them years ago, but as I read the last reviews of them, look like nothing changed. Still not a good company to make money. Back then they had a $50 welcome bonus. I guess they could do that only if they know clients will finally lose it anyway.

Completely rubbish and Very bad customer Service witch one is ignoring your complain... If you want lost money they Will help you Very well.