Plus500 Review Summary of 10 Points
Founded	2008
Headquarters	Israel
Regulation	FCA, CySEC, ASIC, FMA, MAS
Market Instruments	forex, cryptocurrencies, stocks, indices, commodities, and options
Demo Account	Available
Leverage	1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks)
EUR/USD Spread	0.5 pips
Trading Platforms	own proprietary trading platform (desktop, web, and mobile)
Minimum deposit	$/€/£100
Customer Support	24/7 email, WhatsApp and live chat

What is Plus500？

Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.

What Type of Broker is Plus500？

Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).

Pros & Cons

Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.

However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.

Pros	Cons
• Simple and easy-to-use trading platform	• Limited product offering
• Commission-free trading	• Limited research and educational tools
• Tight spreads	• No support for MetaTrader platform
• Negative balance protection	• Limited customer support options
• Regulated by reputable financial authorities	• No phone support
• Free demo account	• Withdrawal fees for some payment methods
	• Limited trading tools and features

Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.

Plus500 Alternative Brokers

There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:

• eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.

• IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

• IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

It's important to do your own research and compare the features and fees of different brokers before making a decision.

Is Plus500 Safe or Scam？

Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.

How are you protected？

Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:

Protection Measure	Detail
Segregated Funds	Client funds are kept separate from company funds
Negative Balance Protection	Clients can't lose more than their account balance
Risk Management Tools	Stop loss, limit order and other tools to help manage risk
Account Verification	Rigorous account verification process to prevent fraud and unauthorized access
SSL Encryption	Secure Socket Layer (SSL) encryption used for all communication and data transfer
Regulatory Oversight	Regulated by multiple reputable financial authorities
Investor Compensation Fund	Eligible clients may receive compensation in the event of insolvency or bankruptcy

Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.

Our Conclusion on Plus500 Reliability:

Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.

However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.

Market Instruments

Plus500 offers a wide range of trading instruments including:

• Forex pairs - major, minor, and exotic currency pairs

• Stocks - CFDs on stocks from various international markets

• Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more

• Commodities - CFDs on precious metals, energies, and agricultural products

• Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more

Accounts

Plus500 offers two types of accounts: a live trading account and a demo account.

The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.

The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.

Leverage

Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.

For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.

It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.

Spreads & Commissions

Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Plus500	0.5 pips	No
eToro	1.0 pips	No
IG	0.75 pips	Yes
XM	1.6 pips	No
Pepperstone	0.16 pips	Yes
IC Markets	0.1 pips	Yes

Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.

Trading Platforms

The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.

The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.

Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:

Broker	Trading Platforms
Plus500	Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app
eToro	eToro WebTrader, eToro mobile app
IG	IG Trading Platform, IG mobile app
XM	MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app
Pepperstone	MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app
IC Markets	MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app

Deposits & Withdrawals

Plus500 offers several deposit and withdrawal methods, including:

• Credit/debit card (Visa or Mastercard)

• PayPal

• Bank transfer

• Electronic wallets (Skrill, Neteller)

It's worth noting that the availability of certain payment methods may vary depending on your location.

Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.

Minimum deposit requirement

The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.

Plus500 minimum deposit vs other brokers

	Plus500	Most other
Minimum Deposit	$/€/£100	$/€/£100

Plus500 Money Withdrawal

To withdraw funds from Plus500, you need to follow these steps:

Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.

Step 2: Click on “Withdrawal” and select your preferred withdrawal method.

Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.

Step 4: Click on “Submit” to initiate the withdrawal process.

It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.

Fees

Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.

The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.

It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.

Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Plus500	Free	$5-$10	$10/month
eToro	Free	$5	$10/month
IG	Free	Free	$18/month
XM	Free	Free	$5/month
Pepperstone	Free	Free	$0
IC Markets	Free	$3.5	$0

Customer Service

Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.

You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.

Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.

Pros	Cons
• 24/7 customer support via live chat	• No phone support available
• Multilingual support	• Sometimes response is not prompt
• User-friendly help center and FAQ section

Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.

Education

Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.

Conclusion

Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.

However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.

In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.

Frequently Asked Questions (FAQs)

Q 1:	Is Plus500 regulated？
A 1:	Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS.

Q 2:	Does Plus500 offer demo accounts？
A 2:	Yes.

Q 3:	Does Plus500 offer industry-standard MT4 & MT5？
A 3:	No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile).

Q 4:	What is the minimum deposit for Plus500？
A 4:	The minimum initial deposit to open an account is $/€/£100.

Q 5:	Is Plus500 a good broker for beginners？
A 5:	Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Justforex Review Summary in 10 Points
Founded	2012
Registered Country/Region	Seychelles
Regulation	FSC (revoked), FSA (suspicious clone)
Market Instruments	Forex currency pairs, Gold, Silver, indices, stocks, and CFDs
Demo Account	Available
Leverage	1:3000
EUR/USD Spread	0.1 pips
Trading Platforms	MT4, MT5
Minimum deposit	$1
Customer Support	24/7 live chat, phone, email

What is Justforex？

Justforex is a forex and CFD broker founded in 2012 and registered in Seychelles that offers a wide range of trading instruments, including currency pairs, precious metals, stocks, and indices. The company provides various account types and trading platforms, as well as competitive spreads and leverage options. Justforex also offers a range of educational materials and customer support options.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Justforex offers a wide range of trading instruments, multiple account types with no commission, and 24/7 customer support through various channels. They also provide various educational resources for traders. However, they are currently unregulated, which may pose some risks to traders.

Pros	Cons
• Wide range of financial instruments	• No regulation
• Low minimum deposit requirement ($1)	• Clients from Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States are not accepted
• Demo accounts available	• Negative reviews
• Multiple account types
• MT4 & MT5 supported
• Multiple payment methods
• No fees for deposits and withdrawals
• Social trading feature available

Justforex Alternative Brokers

There are many alternative brokers to Justforex depending on the specific needs and preferences of the trader. Some popular options include:

• Tickmill - With its competitive trading conditions, comprehensive educational resources, and reliable customer support, Tickmill is a popular choice among traders looking for a trustworthy and feature-rich forex broker.

• Axi - As a regulated and award-winning broker, Axi offers traders a wide range of trading instruments, cutting-edge trading platforms, and excellent customer support, making it a top choice for both novice and experienced traders.

• FXOpen - With its user-friendly trading platforms, low trading fees, and excellent customer service, FXOpen is a popular choice for traders looking for a reliable and well-regulated forex broker.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Justforex Safe or Scam？

The fact that Justforex is unregulated and its Financial Services Commission (FSC) license is revoked and Seychelles Financial Services Authority (FSA) license is a suspicious clone raises some concerns about its safety and legitimacy. Additionally, there are some complaints and negative reviews from their clients saying that they are unable to withdraw. However, the broker does offer various protection measures to its clients, such as segregated accounts and protection from negative balance. It is important to thoroughly research and consider these factors before deciding to trade with Justforex.

Market Instruments

Justforex offers a diverse range of 170+ financial instruments that include Forex currency pairs, precious metals, stock indices, popular stocks, and CFDs. With such a diverse range of instruments, Justforex provides ample trading opportunities for investors of different levels and preferences.

Accounts

To meet the needs and trading experience of different investors, Justforex offers four different types of accounts: Standard Cent Accounts (minimum deposit of $1), Standard Accounts (minimum deposit of $1), Pro Accounts (minimum deposit of $100), and Raw Spreads Accounts (minimum deposit of $100).

The Standard Cent account is ideal for novice traders who want to start trading with a small amount of money, while the Standard and Pro accounts are suitable for more experienced traders who want to access additional features and trading tools. The Raw Spreads account type offers tight spreads and is designed for high-volume traders.

It's worth noting that all account types are swap-free, which is especially important for traders who follow Islamic finance principles. Additionally, demo accounts are available for all account types, which is a great way to test the platform and trading strategies before investing real money.

Leverage

Surprisingly, the maximum trading leverage offered by Justforex is super high, reaching up to 1:3000, which allows traders to open larger positions with smaller amounts of capital. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Inexperienced traders are not advised to use such high leverage level. Additionally, it is worth noting that some financial instruments may have lower maximum leverage levels due to market conditions and regulatory requirements.

Spreads & Commissions

Justforex offers different spreads and commissions depending on the account type. Standard Cent and Standard accounts have spreads starting from 0.3 pips, while Pro accounts have spreads starting from 0.1 pips. Raw Spread accounts offer raw spreads starting from 0 pips, but a commission of 3 units of the base currency per lot is charged. No commission is charged for trading on Standard Cent, Standard, and Pro accounts. It is important to note that the spreads and commissions may vary depending on market conditions and liquidity.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Justforex	0.3 pips	None
Tickmill	0.0 pips	$2/lot RT
Axi	0.2 pips	None
FXOpen	0.5 pips	$3.5/lot RT

Trading Platforms

Justforex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes, the ability to trade via charts, automated trading, and MT5 is the latest version of MT4, which is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features for more efficient trading account management.

Overall, Justforex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platforms
Justforex	MetaTrader 4, MetaTrader 5, WebTrader
Tickmill	MetaTrader 4, MetaTrader 5, WebTrader
Axi	MetaTrader 4, MetaTrader 5
FXOpen	MetaTrader 4, MetaTrader 5, WebTrader, TickTrader (mobile)

Trading Tools

Justforex offers several trading tools to help its clients trade more efficiently and effectively. One of these tools is social trading, which allows traders to follow and copy the trades of successful and experienced traders. This feature is available on both MT4 and MT5 platforms and is facilitated through the MQL5 community. Traders can browse through the profiles of different signal providers, assess their performance, and subscribe to their trading signals. By copying the trades of successful traders, traders can learn from their strategies, improve their own trading skills, and potentially increase their profits.

Deposits & Withdrawals

Just Forex supports traders to deposit and withdraw funds to their accounts via Bank cards (Visa/MasterCard), Skrill, Neteller, Perfect Money, STICPAY, AIRTM, cryptocurrencies of bitcoin, Bitcoin Cash, Ethereum, USD Coin, Tether, BUSD, BINANCE, DOGECOIN, Litecoin and XRP, local banks, and Fasapay.

Minimum deposit and withdrawal amount vary on the payment method. No fees for deposits and withdrawals. Deposits are instant, while withdrawals can be processed within 1-2 hours.

Justforex minimum deposit vs other brokers

	Justforex	Most other
Minimum Deposit	$1	$100

See the deposit & withdrawal fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee
Justforex	None	None
Tickmill	None	None for certain methods, fees up to $25 for others
Axi	None	None
FXOpen	None	None for certain methods, fees up to $50 for others

Please note that the fees listed above are subject to change and may vary depending on the payment method and other factors. It's always best to check with the broker directly for the most up-to-date and accurate fee information.

Customer Service

The Justforex customer support is available 24/7, accessible via live chat, e-mail, phone, request a callback, live chat, Telegram, Viber, Messenger, Line, Instagram, WhatsApp and iMessage. Additionally, the FAQ section can be helpful for clients who prefer to find answers on their own.

Pros	Cons
• Available 24/7 through multiple channels	• Some complex issues may require longer resolution time
• FAQ section available for quick solutions
• Trained and knowledgeable support staff
• Multilingual support available

Note: These pros and cons are subjective and may vary depending on the individual's experience with Justforex's customer service.

Education

Justforex offers a comprehensive Learning Center with a range of educational resources that cater to the needs of both beginner and experienced traders. The center features a series of online webinars that cover a range of topics, including trading strategies, risk management, technical analysis, and more. Traders can also access a wide range of forex articles that cover market news, trends, and analysis. Additionally, the center provides a forex glossary that includes definitions of common trading terms and jargon. To further support trader education, Justforex also offers educational videos that cover a range of topics and can help traders to improve their trading skills and knowledge.

User Exposure on WikiFX

On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

All things considered, Justforex is an online broker offering a wide range of financial instruments, account types, and trading platforms. They provide 24/7 customer support, educational resources, and convenient deposit and withdrawal options with no fees.

However, the lack of proper regulation and the suspicious nature of their licenses may be concerning for some investors. In addition, there have been some negative reviews from their clients. Overall, Justforex may be a suitable choice for experienced traders who prioritize a wide range of instruments and trading platforms and do not mind the lack of regulation and negative reviews.

Frequently Asked Questions (FAQs)

Q 1:	Is Justforex regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	At Justforex, are there any regional restrictions for traders？
A 2:	Yes. Justforex does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States, and countries sanctioned by the EU.

Q 3:	Does Justforex offer demo accounts？
A 3:	Yes.

Q 4:	Does Justforex offer the industry-standard MT4 & MT5？
A 4:	Yes. Both MT4 and MT5 are available.

Q 5:	What is the minimum deposit for Justforex？
A 5:	The minimum initial deposit to open an account is only $1.

Q 6:	Is Justforex a good broker for beginners？
A 6:	No. It is not a good choice for beginners. Thought is advertises well, dont forget that they are unregulated.