Plus500 Rating Review (v.2.0)

 

Plus500 CFD Service -Rating Analysis V.2.0.

 

 


Plus500 Forex Broker General Rating

+500 RATING SUMMARY    
  MAX ACHIEVED
1.Reliability 28.00% 15.29%
2.Competition 30.00% 17.00%
3.Trading-Options 26.00% 20.00%
4.Technology 16.00% 6.00%
Overall Rating 100.00% 58.29%

1. Plus500 is suitable for experienced traders and not beginners -CFD Service-

2. Your capital may be at risk when trading at Plus500

» Visit Plus 500 Brokers   » Plus500 Review

 

 

Plus500 Rating & Review Analysis 

Plus500 RATING ANALYSIS    
+500 TOTAL RATING 100.0%   Plus500 
  Weight Analysis Factor Analysis 58.29% ANALYSIS
1. FOREX BROKER CREDIBILITY 28.00% FACTOR-1 ANALYSIS 15.29% +500 Reliability Analysis
1.1 +500 Level of Regulation 12.00% FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% 6.00% Authorised and regulated by the Financial Conduct Authority = 6.0%
1.2 +500 Headquarters Base 5.00% Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% 5.00% Plus500 Home Base is in UK =5.0%
1.3 +500 Years in the Market 4.00% 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% 2.00% Plus500 was found in 2008 5-7 years =2.0%
1.4 US Traders 2.00% Yes=2.0 or No=0 0.00% Plus500 doesn't allow US traders =0%
1.5 +500 Web Ratings (Usage for differentiating results) 5.00% 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% 2.29% Plus500 FPA=1.975 / 5.00, EarnForex=5.2 / 10.0, Total = 4.575 / 10.00 = 2.29
         
2. FOREX BROKER COMPETITION 30.00% FACTOR-2 ANALYSIS 17.00% +500 Competition Analysis
2.1 +500 Offering Spread (EUR/USD) 12.00% EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.70=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 4.00% +500 EUR/USD Spread is 2 pips =4%
2.2 +500 Commissions on Trading 7.00% No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0  7.00% No Commissions are charged by +500 when trading Forex or when trading CFDs
2.3 +500 Commissions on Deposit / Withdrawal 2.00% Yes=0 or No=2.0% 2.00% No Withdrawal Commissions are charged by +500 =2%
2.4 +500 Maintenance Fees 2.00% Yes=0 or No=2.0% 2.00% No such Fees charged by +500
2.5 +500 Rate of Leverage 4.00% 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% 0.00% Max Leverage at +500 is just 1/50 = 0%
2.6 +500 Customer Service Quality 3.00% 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% 2.00% Plus 500 provides 24/7=1% and Phone=1%
3. FOREX BROKER OPTIONS 26.00% FACTOR-3 ANALYSIS 20.00% +500 Trading Analysis
3.1 +500 Availbale Forex Currencies 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+ Forex Currencies =8.0%
3.2 +500 Other Financials Available 2.00% Commodities=1.0%, Energy=1.0%, CFD trading=1.0% 2.00% Many Stocks and Indices offered by +500,  CFDs=1.0% Commodities=1.0%,
3.3 +500 Bonus / Rebate Rate 8.00% Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 6.00% Plus500 provides welcome bonus up to 30% = 6.0%
3.4 Scalping Allowance 1.50% Yes=1.5% or No=0% 0.00% +500 forbids Forex Scalping =0%
3.5 Hedging Availability 1.50% Yes=1.5% or No=0% 0.00% No +500 doesn't provide hedging
3.6 +500 Number of Deposit Methods 2.50% For each deposit method available=0,5%, max=5 methods 2.00% 4+ methods available at +500 (Credit Cards, Paypal, Bank Wire, MoneyBookers =2.0%
3.7 +500 Number of Withdrawal Methods 2.50% For each withdrawal method available=0,5%, max=5 methods 2.00% 4+ methods available at +500 (Credit Cards, Paypal, Bank Wire, MoneyBookers =2.0%
4. FOREX BROKER TECHNOLOGY 16.00% FACTOR-4 ANALYSIS 6.00% +500 Technological Analysis
4.1 +500 Available Platforms 5.00% Each Supported Platform=1%, max=5 2.00% 2 Platforms Available at +500 (Web and Windows Trader) =2%
4.2 API Trading Availability 1.00% Yes=1.0 or No=0 0.00% No, API trading is not available at +500
4.3 Automated Trading (Expert Advisors) 2.00% Yes=2.0 or No=0 0.00% No +500 doesn't provide Automatded Trading (Expert Advisors)
4.4 +500 Mobile Devices Support 2.00% Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 1.50% +500 provides applications for iPhone, iPAD and Android devices =1.5%
4.5 +500 MT4 / MT5 Availability 1.00% Yes=1.0 or No=0 0.00% No, +500 doesn't offer Metatrader4 / Metatrader5 popular platforms
4.6 +500 Level of Innovation 5.00% High Innovation=5%, Medium Innovation=2.5% 2.50% Medium Innovation by +500 (easy to use but not innovative trading platform, we like 24/7 but no chat service, great variety of Stocks & Indices, $25 free)

  

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Note:
Plus500 regarding Forex Trading received a low rating, but keep in mind that Plus500 is an excellent CFD Broker which does not charge any commissions. Our ratings are focusing on Forex Services. 

 

Older Ratings Using Formula V.1.0: Plus500 Rating

Plus500 Full Rating & Review Analysis

Online Forex Reviews (2012)

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