Plus500 Rating and Trading Review

Plus500 Logo Online ForexPlus500 CFD SERVICES RATING REVIEW -Using the Formula V.4.0. 63 92

 The following Rating of Plus500 is based on the Forex Brokers Formula v.4.0.

 Plus500 Rating Summary

Sum of each individual Main Factor of Plus500 Rating Analysis (1, 2, 3, 4) 

PLUS500 RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 16.92% 68.90%
2.Plus500 Cost of Transaction 28.00% 16.50% 58.93%
3.Plus500 Trading-Options 26.00% 24.00% 88.46%
4.Plus500 Technological Efficiency 20.00% 6.50% 32.50%
Overall Rating 100.00% 63.92% 63.92%

Notes: (1) Plus500 (CFD Services) is suitable for experienced traders and not beginners

(2) Your capital may be at risk 

» Visit Plus500 

Plus500 Rating Analysis

Analysis of each individual Sub-Factor forming Plus500 total rating result. 

RATING ANALYSIS of PLUS500    
TOTAL RATING 100.0%   Plus500 Broker
  Weight Analysis Factor Analysis 63.92% ANALYSIS
1. SAFETY OF FUNDS at PLUS500 26.00% RATING WEIGHT 16.92% Plus500 Credibility Analysis
1.1 Plus500 Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 5.00% Plus500 is authorised and regulated by the Financial Conduct Authority (FCA) = Rating 5.0%
1.2 Plus500 Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 5.00% Plus500 Home Base is in UK = 5.0%
1.3 Plus500 Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 4.00% Plus500 was found in 2008 5-10 years = 4.0%
1.4 Plus500 Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Yes, segregated bank accounts which are held at Barclays Bank
1.5 Plus500 Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  0.92% Plus500 FPA=1.975 / 5.00, EarnForex=5.2 / 10.0, Total = 4.575 / 10.00 = 0.915%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Traders = +1.0 % 0.00% Condition not met
2. TRADING COST at PLUS500 28.00% RATING WEIGHT 16.50% Plus500 Competition Analysis
2.1 Plus500 Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% Plus500 minimum EUR/USD Spread is Fixed at 2 pips = 4%
2.2 Plus500 Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 0.50% GBPUSD spread Fixed at 3 pips = 0.5%
2.3 Plus500 Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 2.00% USDJPY spread Fixed at 2 pips = 0%
2.4 Plus500 Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% Plus500 does not charge Trading Commissions
2.5 Plus500 Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 2.00% No Withdrawal Commissions are charged by +500 = 2.0%
2.6 Plus500 Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Inactive Fees = 2.0%
2.7 (+) ADJUSTMENTS        
2.7.1 Plus500 Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 0.00% Market Maker / CFD Broker = 0%
3. TRADING OPTIONS at PLUS500 26.00% RATING WEIGHT 24.00% Plus500 Trading Analysis
3.1 Plus500 Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 8.00% Plus500 offers 45+ Fx Currencies = (max) 8.0%
3.2 Plus500 CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% Yes, good CFD trading at Plus500 (may shares and indices)
3.3 Plus500 Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Yes, Demo is available at +500
3.4 Leverage at Plus500 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% Max Leverage at Plus500 is 200:1 = 2.0%
3.5 Plus500 Bonus & Rebate 6.00%   4.00%  
3.5.1 Plus500 Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1%   Welcome Deposit Bonus 30% = 4.0%
3.5.2 Plus500 Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0%   No rebates found,
3.6 Plus500 Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Yes minimum deposit is lower than $500
3.7 Plus500 Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5 methods available (Credit Cards, Paypal, Bank Wire, MoneyBookers) = 2.5%
3.8 Plus500 Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5 methods available (Credit Cards, Paypal, Bank Wire, MoneyBookers) = 2.5%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% Condition not met
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% Condition not met
3.9.3 Plus500 Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% Condition not met
4. PLUS500 TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 6.50% Plus500 Technological Analysis
4.1 Plus500 Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 2.00% 2 Platforms Available by Plus500 (Web and Windows Trader) = 2.0%
4.2 Plus500 Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 0.00% Slippage at Plus500 is measured more than 2 pips
4.3 Plus500 Automated Trading 2.00% Yes = 2.0 % / No = 0 % 0.00% No Automated Trading
4.4 Plus500 MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 0.00% No MetaTrader platforms available
4.5 Plus500 Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  1.50% Plus500 provides apps for iPhone, iPAD and Android devices = 1.5%
4.6 Plus500 Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 0.00% Scalping and Hedging strictly not allowed
4.7 Plus500 Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/7=1%, email=1%, Phone=1%, Total = 3.0%
4.8 (+) ADJUSTMENTS        
4.8.1 Plus500 PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.00% No Managed Accounts
4.8.2 Plus500 API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% No, API trading 

 

These are the special metrics for Plus500 according to the three categories of trading experience. The rating results are based on different weight of the same formula.

Plus500 Special Metrics 

PLUS500 SPECIAL METRICS    
(based on sub-formulas)   RATING (100%)
Plus500 Overall Rating   63.92%
Forex Beginners   62.62%
Advanced Traders   52.43%
Pro Traders   43.62%

  

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