Israel-founded CFD trading platform listed on London Stock Exchange, offering trading in shares, forex, commodities.
Initially attracted to Plus500 Israel by their advertising. The headline spreads look great but in practice there are additional costs that aren't immediately obvious. I also get bombarded with promotional emails and phone calls encouraging me to deposit more. The trading itself is fine but the marketing tactics are off-putting.
Pros: Trading platform works adequately
Cons: Hidden costs, aggressive marketing practices
Started with Plus500 Israel optimistically but my experience has been mixed. The platform itself is good and execution is fast. However, I noticed spreads widen significantly during news events and the swap rates are higher than competitors. Good for day trading, less so for holding positions overnight.
Pros: Good platform, fast execution for day trading
Cons: Wide spreads during news, high swap rates
Plus500 Israel caters well to different experience levels. Their educational resources helped me learn forex trading fundamentals, and as I've grown, their advanced tools have supported my progression. The social trading feature is interesting for following experienced traders. Good overall package.
Pros: Education, social trading, progression-friendly
Cons: Social trading results can be misleading
Plus500 Israel offers some of the tightest spreads in the industry, especially on major pairs. Execution is lightning fast with minimal slippage. The MetaTrader integration works flawlessly and their proprietary platform has excellent charting. Demo account is unlimited which helped me practice strategies risk-free.
Pros: Tight spreads, fast execution, great platforms
Cons: Limited educational content for beginners