Plus500 Trading Platform Exposed: Review and Tutorial (2016)



A Plus500 review. What they don't tell you! Ok. What do we have here? Plus500. A very simple trading platform that makes trading look like a game and basically targets small-time traders for low amounts. The company was founded in 2008 and is registered and located in Israel but also has offices in the UK, Cyprus and Australia. What follows is an unbiased examination of the platform (do not take this as a recommendation to use Plus500). The Plus500 CFD trading platform, WebTrader, is available on the web as an online platform, Windows (as downloadable software), and on all mobile devices (Android and iOS) in 32 different languages worldwide. Plus500 clearly try to target themselves at the mainstream.

Comments

  1. very unhelpful company, any questions or disputes and they send you the same message over and over again, read the terms and conditions. i have noticed that the prices quoted on the platform are not even close to the real prices and movements on other platforms or quoted on tv. do not go near plus 500. give your money to a homeless person at least you will have the satisfaction of doing something good for someone and not getting ripped off. i also did not know this is an israeli company or i would not have used them.
  2. Great video. Very informative.
  3. Thank you. Very informative. Seemed unbiased and helped me decide not to use this platform. I don't want to trade and be worrying about risks with the provider. I need to concentrate on trading. Those that complain because they lose money with a particular provider perhaps should look first at their trading skills and strategies since isn't that is how trades are won and lost.
  4. Well, first i earned profit but due to i couldn't verify the address, i continued trading and at the end lost the money. Its OK.

    Secondly, I deposited money. Again couldn't verify the address due to strict policies, I canceled the deposit and waiting for my refund. They agreed to return it. Hopefully will get it soon.

    Thirdly, I am still trying to verify my address. Because I believe its a good broker. Only thing is there are certain policies that you should be aware of. I heard they block the accounts when you try to withdraw your profits. I asked the chat agent. He said that you are not allowed to do scalping or scalp trading. (Scalping in closing the trades within 2 mins). So if you close your trades after 2 mins then it is OK. They will review all your trading history and then will take decision. For your information.
  5. I am grateful for the information given. Are you able to give your professional opinion on other forex brokers as well? I obviously subscribed. Thank you very much ...
  6. How do I delete my account lmao?
  7. If someone try to say plus500 is bullshit they work for someone benefits I learnt treading with plus500 still use near one year. Of course one stage I hate because I am greedy I lost money its nothing to do with them. Only issue is bit poor graphs . The withdrawal is so easy I do my withdraw on Friday Monday money is in my account.
  8. am using 500 plus platform
    simple to use and yes the free limited demo is a good starting tool
    a lot of time spent literally getting my address confirmed and c card details I would only deposit real money when all these parameters are realised only support offered are chat and email .
    you can only lose what you have in your account
    made money lost money
    the proof will be when I make a profit and want to withdraw money
    as far as i am aware no training and limited trading tools
  9. amazing video, This is exactly what happened to me and I was so pissed, it took me about 3 months to get 200 dollars back from them and their customer support was garbage the only good thing they had was high leverage
  10. I had similar bad experiences.
    1/ making it difficult to withdraw money
    2/ rejecting deposits when it suits them ie positions going against trader and trader wants to deposit for hedging purposes
    3/ manipulating spreads to stop traders out ie dynamic spread bullshit
    BETTER OFF USING MAJOR BANKS IN YOUR OWN COUNTRIES EG. IN AUSTRALIA, COMMSEC(CBA BANK), NAB OR WESTPAC.
  11. Urgh. Israeli, disgusting. Didn't even know this. Pulling my money out immediately.
  12. What about investing? Can you just buy a bunch of shares and sit on them?
  13. I don't really understand why people call them a SCAM. You people in the comments make it sound like they took your money.
    Before you do anything related to investing on a new site, watch a guy like this or read EVERYTHING on the site before depositing money.
    Safety first..
  14. lost everything with plus500
  15. they are not a scam they offer CFDS and have a simple no frills platform, if you dont know what CFD is then why you trade here? There is no manipulation, they are regulated. There support is shit just outsourced but there underline system is fair and its not fair to say they are a scam.
  16. You are very right and I agree...
  17. the guy in plus500 chat room refused to explain how the platform works.
  18. thank u . it helped
  19. seems yes!
  20. Plus500 is a big scam. Just read in their terms and conditions the fact that they take their info from 3rd entities, that can change the price that they send, and after all that, Plus500 can do that ALSO. The real price of the market can be one and they can show a different one.The market can have a real chart of prices, but Plus 500 will have another one. The way they trick people is that they change the price in such a way that they catch their customers in positions so they can lose. It's the only company that you can't speak with the people there, they are all hiding behind the terms and conditions that nobody understands in the true sense, and they have an army of lawyers to protect them. There are so many other platform out there with people willing to help, with communities of traders talking, and better deals for customers. I've been la customer here for years and now i've just realised the mistake i've made. Please don't do the same mistake.


Additional Information:

Visibility: 47171

Duration: 19m 5s

Rating: 548