Plus500 Reviews – Is Plus500 reliable or scam?

Really agonistic spreads for a well-regulated broker


At, we wanted to probe whether Plus500 is really a safe and reliable broker for online trading. For this we have thoroughly tested and analyzed their online trading platform and collected the Reviews that their clients have . These Reviews have been extracted from various forums, web pages and blogs.

Our experience with Plus500 has been positive so far and it seems to us one of the best options on the market today . But is our opinion in the same line as most Plus500 Reviews that we have found on the Internet? These are the conclusions we have obtained:

Plus500 Reviews on the trading platform

One of the distinguishing features of Plus500 is the trading platform that it makes available to the user. It is its own platform , there is no other like it on the market and it is designed for clients who want to start trading .

For desktop computers it is a 100% web-based platform that does not need installation and can be accessed from any computer. Also its corresponding version for mobile phones and tablets with Android or iOS operating system.

NEW: Discover the user guide we have prepared for the Plus500 broker. You can learn step by step how the trading platform is managed , the tools available to operate and how to open, manage and close positions with this online broker.



The majority Reviews of the users coincide with ours at this point. Virtually all the reviews we have found point to the Plus500 platform as one of the simplest and easiest to operate . It is very intuitive and in a few minutes you will have located everything you need to start trading. As a trader you have all the basic tools at your fingertips, eliminating everything that may confuse you. Actually, its handling is simple and its interface has a good design .

The most negative views in this regard revolve around more advanced traders they miss the use of industry leading platform: Metatrader 4. Even though the platform is functional, there are operators who prefer Metatrader 4 And this is noted in their Reviews on Plus500.

In portals such as Rankia or Trustpilot there are users who contrast Plus500 with other brokers in the sector that offer the Metatrader platform and point out the weaknesses that the Plus500 platform presents in the technical analysis and that it lacks some functionalities such as the possibility of using systems automatic trading, …

In short, this platform, which may be ideal for those who start trading, falls a bit short for those traders with more experience .


As for the mobile version, it has very good Reviews , in fact it is one of the best rated on Google Play with a score of 4.2 out of 5.

It is logical to think that the functionalities of a trading platform for Smartphones or Tablets are not the same as those we have when it comes to a desktop computer. In the case of Plus500 the interface is very similar and the functionalities are practically the same, something that is positive for users.

Plus500 service reviews

Plus500 is a CFD broker . It is a Market Maker type broker since the operations requested by its clients are not carried out directly on the market but on the broker’s own operating table. With brokers of this type, when a client requests a purchase or sale transaction, they always try to find, within their trading desk, another order from another client that compensates it, but in the case of not finding it, it is the broker himself who It would act as a counterparty and for this reason there may be a conflict of interest between the broker itself and its clients. This happens in all market makers, so it is important that the broker is reliable, regulated and has a transparent order execution policy.. Our experience and those we have found from other users do not demonstrate Plus500 bad practices or lack of transparency . Despite this market makers’ own way of working, these types of brokers also have great advantages over intermediary brokers that execute all operations directly on the market (it is a nimble investment method , it has greater availability to execute all operations immediately without requotes or delays when having to find a counterparty, greater leverage , lower initial deposit requirements to open an account, …)

Another of the issues that have a lot of impact on the valuation of an online broker is the number of markets and financial instruments that it allows to operate . It is necessary that a trader can find opportunities. Plus500, in this factor is not in a bad position by offering its clients more than 2000 different financial instruments such as Forex market currencies, indices, stocks, raw materials, cryptocurrencies, ETFs, …

We also share the Reviews of users about commissions : Plus500 has a large number of instruments in which you can trade but it is only competitive in some of them, for others the spread is too high. In our opinion, which reinforces what has been seen so far, if you are a beginner, you should not care so much about going into detail about the commissions of a certain financial instrument (either with Plus500 or with any other broker) and you should give more priority to working with a platform agile and easy to handle and understand. But in the case of traders with experience or who carry out a considerable number of operations, it is more decisive to find a broker with better trading conditions (for this, it would already have to be an ECN broker connected with various liquidity providers and that achieves better purchase and sale prices).

One of the negative Reviews about Plus500 is that it does not allow strategies such as scalping (opening operations and closing them in a few minutes or even seconds). This not only happens in Plus500 but in most Market Maker brokers. If you use investment techniques such as scalping you will always have better conditions in ECN brokers that are purely intermediaries and in which this and any other trading strategy are welcome.

Another of the frequent Reviews about Plus500 is based on the fact that the prices of the different investment instruments do not exactly coincide with the real ones . It is true and you can easily verify it by comparing them with sources such as elEconomista, Invertia, Cotizalia, … sometimes the differences are not only slight but notable. In this type of brokers, most of the time the price does not coincide with the real of the underlying instrumentalthough it is true that it tends to be very similar and suffer the same upward or downward movements. You should also bear in mind that for example Plus500 CFDs on the IBEX35 or shares of IBEX35 companies do not refer to the IBEX itself but to the IBEX futures price, which is already different in itself.

Another opinion about the Plus500 service that many users share is that commercially it is not as invasive as other online brokers can be. Plus500 “lets you operate in peace” , it can periodically send you an e-mail with information and promotions, but it is not as aggressive as others that call you continuously by phone to follow you up, invite you to events, propose bonuses, …

Regarding customer service, Reviews about Plus500 point to something negative that they do not offer telephone assistance. The policy of Plus500 until relatively recently was to communicate exclusively with its customers via email . Subsequently, responding to the demands of many users, this broker has also enabled a live online chat is one of the most agile forms of communication to contact, resolve doubts, … In this sense, the Reviews of users are usually favorable, pointing out that they are quite decisive and quick to respond.

Plus500 Demo account reviews

In a demo account the trader can practice with fictitious capital and gain experience in the financial markets. It is very useful especially for beginning traders. It could be comparable to a training period. For this reason, it is convenient for a broker to offer us this demo account for an unlimited time and for free , just as Plus500 does.

All the Reviews we have found about the Plus500 demo account have been very positive. It is very easy to open since they do not ask for any personal or bank information (only an email address and that you establish a password for the following accesses). In a minute you have it ready and you can start familiarizing yourself with the platform. Most brokers force you to go through a much longer registration process, to give more information and verify your identity, address, …

The Plus500 demo account comes by default with € 40,000 of play money so you can make operations with the same functionalities as a real account and without putting your money at risk. In addition, the demo account does not expire, it is available for an unlimited time so that you learn how to trade with Plus500 at your own pace.

Reviews about the reliability of Plus500

The Reviews we have found about Plus500 suggest that it is a reliable and serious broker . The company’s headquarters (Plus500UK Ltd) is in London and is listed on the AIM section of the London Stock Exchange. To offer its services to other countries, it operates through Plus500CY Ltd based in Cyprus (like many other brokers due to the tax advantages of this member country of the European Union).

Plus500 UK Ltd is licensed and regulated by the UK’s FCA (Financial Conduct Authority) (FRN 509909). Plus500 CY Ltd is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) with license number 250/14. Plus500AU Pty Ltd is regulated by the ASIC (Australian Securities and Investments Commission) under license ACN 153 301 681, AFSL # 417727.


These are currently three of the most demanding regulatory bodies worldwide , subjecting the companies they supervise to rigorous controls on compliance with their directives on investor protection, advertising and marketing of financial products, risk warnings, … Plus500 also It is registered with the regulatory bodies of the countries in which it operates, such as the CNMV here in Spain , which in our opinion shows that it is a fairly transparent and reliable broker (something that does not happen with other brokers).


Plus500 Reviews on deposits and withdrawals

As for deposits and withdrawals , they offer various methods and are quite agile . You can choose between credit or debit card, bank transfer (slower) or by electronic means such as Paypal or Skrill.

You can withdraw your money whenever you want and it has the advantage that this broker does not charge a commission for depositing or withdrawing, something that does happen in other companies.

Another opinion topic about Plus500 focuses on the need to verify your identity generally when requesting your first money withdrawal (this verification is only carried out once per customer). This is an express order to comply with the directives of the regulatory bodies by which all investors must identify themselves (you must send them a copy of your ID, passport or driving license and generally proof of your address as a water bill, electricity, telephone, …). In this way, the opening of accounts with false data is prevented and in our opinion it also seems adequate to avoid possible identity theft.

The problem, according to Internet Reviews , is given in the withdrawals . Many of the inconveniences for some users are caused by not knowing the withdrawal policies and terms well and this is causing a series of negative comments. By default, for withdrawals from our trading account with Plus500 (as happens in most regulated online brokers) we must use the same means that was chosen at the time to deposit funds . This is done due to regulatory requirements regarding security and against money laundering. For this reason, it is important to choose the deposit method carefully, that we are the owners of it and that it remains active when requesting the withdrawal of funds. furtherWe must have our account verified by sending the documents discussed in the previous paragraph.


Discover our real experience on how to open a Plus500 account, deposit funds and withdraw money . We show you step by step , with screenshots and we explain all the details you should know:HOW DOES PLUS500 WORK?



After evaluating all these Reviews about Plus500 together, we concluded that it is a reliable broker , especially recommended for those who want to start trading on the stock market and less suitable for experienced traders. Its platform is one of the simplest that you can find and one of the best to trade from your mobile, but it lacks somewhat more powerful graphics and features for automatic trading. It does not present problems when depositing or withdrawing your money as long as you have your account verified and you know what the deposit and withdrawal policy is.

In Plus500 the minimum deposit is only € 100 .
Reliable broker, authorized and regulated by the FCA (Financial Conduct Authority) of the United Kingdom, by the Australian ASIC and by the CySEC .
Wide range of instruments with more than 2,000 CFDs to trade with .
Very simple and intuitive platform available without installation.
Safe and immediate execution of orders .
Performance optimized for mobile and tablets .
Free and fast income and withdrawals (Paypal available).
Free demo account with € 40,000 of balance and no time limit. .

(*) Risk warning: CFD service. 80.5% lose money.

And if you have experience working with Plus500 we thank you for sending us your comments, experiences and Reviews . Thank you.


Risk Warning: CFDs are complex instruments and have a high risk of losing money quickly due to leverage. 80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can take the high risk of losing your money.


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