What is Plus500?
Plus500 is an online trading platform where you can trade in CFDs. With CFDs you can trade in price developments of stocks, Forex, commodities, cryptocurrencies, ETFs, options and indices. In this article you can read more about the Plus500 company.
More information about the Plus500 platform
Plus500 is a platform developed for speculation. You can respond to changes in the financial market in short term. A big advantage of Plus500 is that you can try the possibilities for free with a demo. Would you like to trade at Plus500 without any risk by using a demo? Use the button to open your free demo account:
What kind of company is Plus500?
Plus500’s head office is located in Haifa, Israel. I have visited the office several times and I can tell you it is a beautiful office. Plus500 employees can take a rest between work and they can use the fitness facilities. When it is warm, they can even enjoy free ice cream!
Plus500’s business is much larger than this office. Plus500 also has offices in London, Sofia and Sydney. The company is active in more than 30 countries and received over 200,000 active customers in 2019.
Plus500 is also tradable on the stock exchange. You can become a co-owner of Plus500 if you want. The shares are registered on the LSE or London Stock Exchange. The company has paid a nice dividend in recent years. The profit is therefore clearly shared with the shareholders.
Main sponsor of Atlético Madrid
Plus500 is the main sponsor of the well-known football team Atlético Madrid. You can see the Plus500 logo on the shirts of the professional football players. Naturally, Plus500 hopes to build more name recognition with the sponsorship.
Do you want to know more about Plus500?
Do you want to know more about Plus500? On plus500review.com you can find several articles that can enlighten you about trading with Plus500:
- Plus500 review: we have extensively tested the Plus500 software.
- Plus500 tutorial: we will examine how trading with Plus500 works.
- Plus500 reliability: we will research whether Plus500 can be trusted.
History of Plus500
Plus500 was founded in 2008 by six graduates of the Technion-Israel Institute of Technology University. At that time, trading was only possible through their computer program. In 2009, Plus500 was the first company that made it possible to trade in CFDs without commissions. This is of course very interesting as it increases the potential for a positive return.
Plus500 released a web version in 2010. This version made it possible for smartphone users and Mac users to trade online. ETFs were also added this year. ETFs are funds that track the development of a particular commodity or index.
Plus500 achieved a major milestone in 2011: in that year the company executed more than 2,000,000 monthly transactions. The company also released an application that year that makes it possible to trade on the go. The number of tradable shares is greatly expanded. This allows each nationality to trade in its own national pride.
In 2012 Plus500 sets the goal to become the largest CFD company in the world. In order to achieve this, they decide to enter the stock exchange in 2013. They are also the first company to introduce a Bitcoin CFD. In 2014, the magical value limit of one billion dollars is reached. Plus500 also introduces a guaranteed stop that allows you to always cover potential losses on your positions.
In 2015, Plus500 starts to collaborate with the football team Atlético Madrid. Options are introduced in 2016 and the company also ensures that positions remain open through the roll-over functionality. Plus500 also launches a new web trader that works on both desktop and mobile devices.
In 2017 Plus500 also starts sponsoring the rugby team “Bumbies”. In 2018, Plus500’s share is included in the UK FTSE 250, which contains the market’s mid-cap shares. Plus500’s software has been greatly improved in 2019. You can now perform all kinds of analyses within the software. You can also use technical indicators to find a good moment to buy.
Scandals and problems
Plus500 has also been placed in an unfavourable light in the news. For example, in 2012 they received a fine of £205,128 for failing to properly report transactions from the previous period. They solved this by training staff better and by establishing better control mechanisms.
In 2015, Plus500 blocked the accounts of all English traders. The Plus500 share subsequently fell by more than sixty percent. The freezing of the accounts did not happen on a voluntary basis. The UK Financial Conduct Authority required Plus500 to do this so that they could investigate whether customers were doing illegal things. Most customers could access their funds again after two months.
Later in the same year, Playtech, a well-known gambling company, offered $703 million on all Plus500 shares. This purchase ultimately fell through because the regulator did not agree.
In 2017, restrictions were placed on the trading of CFDs in Europe. For example, the leverage was limited to a maximum of 1:30.
Do you have questions about Plus500?
Do you have any more questions about Plus500? Do not hesitate to leave a comment below this article. We try to help you as soon as possible!
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