BrokAIr Reviews

Plus500 Review

Plus500 is one of the most highly rated online brokerages, but it could also be one of the riskiest. Is Plus500 worth the gamble?

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Overview of Plus500

Plus500 is a leading online broker offering CFD trading services to traders across the globe. Founded in 2008, the company is headquartered in Israel and has offices in the UK, Cyprus, Australia, Singapore, and other countries. Plus500 is regulated by the Financial Conduct Authority (FCA) of the UK and CySEC of Cyprus.

Pros and Cons of Plus500

Founders of Plus500

Plus500 was founded by Gal Haber, Elad Ben-Izhak, Alon Gonen, Shlomi Weizmann, and Omer Elazari. All five founders are from Israel and have backgrounds in technology and finance. The company was initially funded by venture capital firms such as Technology Venture Partners and YA II PN Ltd. The founders have since gone on to become successful entrepreneurs in the financial technology space.

Public Opinion of Plus500

Overall, Plus500 has a good reputation among traders. It is highly regulated, offers a wide range of assets to trade, provides a user-friendly platform, and has excellent customer support. However, some traders may be put off by its lack of advanced technical analysis tools and educational resources.

Newsworthy Events Around Plus500

In 2020, Plus500 was listed on the London Stock Exchange as part of a dual listing arrangement with its parent company Playtech plc. This listing was well received by investors who saw it as a sign of the increasing acceptance of online brokers such as Plus500 by mainstream financial institutions. Additionally, in 2019 Plus500 acquired the German CFD trading company for $700 million in a move that expanded its foothold in Europe and enabled it to offer more services to its customers.