Traders Union team checked Plus500 office in Cyprus
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We checked the office of the Plus500 brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office
Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.
Traders Union's goal is to help traders understand the operation of Plus500 under CySEC regulation. Recently, Traders Union visited the office of Plus500 to verify that the company is genuinely operating in Cyprus and providing services there.
In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.
Brief dossier of Plus500
| Foundation date | 2008 |
| Headquarters | 169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus |
| Regulation |
CySEC, FCA, ASIC, FMA, FSCA, FSA Seychelles, EFSA, MAS, DFSA, SCB Licence number: 250/14, FRN 509909, AFSL 417727, FSP 486026, 47546, SD039, 4.1-1/18, CMS100648, F005651, SIA-F250 |
| Official site | https://www.plus500.com/en-de/invest |
| Contacts |
Email:
support@plus500.com,
Phone: +1 (312) 939-8950 (USA) |
A visit to the office of Plus500 in Cyprus
Blinov Vasily, our associate, visited the office of Plus500 located at the following address: 169-171 Arch. Makarios III Avenue, Cedars Oasis Tower, Floor 1, 3027, Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.
The Plus 500 office is located in a modern 16-storey building in the center of Limassol. This is the famous business center Cedars Oasis, which is located on Makarios III Avenue, the highway that connects the city center with the waterfront and historical sites. The complex is a multifunctional building with elite office, retail and residential real estate. There are three levels of underground parking, two shopping floors with shops and boutiques, 6 floors of offices. Plus 500 occupies office #101.
Plus500 Office
A video report of the visit to the broker’s office
Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.
Plus500 Office
Choose the Best!
Is a Plus500 safe broker?
Traders Union experts believe that Plus500 is a safe broker. This is evidenced by several factors, including:
- Tier-1 Regulation: Regulated by a Tier-1 authorities.
- Investor Protection Fund: Participation in the Investor Compensation Fund.
- Segregated Accounts: Client funds are kept separate from company funds.
- Longevity: Plus500 has a long history of reliable operating.
Plus500 safety and regulation
| All Plus500 regulator | Country of regulation | Regulation level | Investor protection fund | Segregated Account |
|---|---|---|---|---|
| ASIC | Australia | Tier-1 | No specific fund but has stringent consumer protection | Yes |
| CySec | Cyprus | Tier-1 | Up to €20,000 | Yes |
| DFSA | Dubai | Tier-2 | No specific fund | Yes |
| FCA UK | United Kingdom | Tier-1 | Up to £85,000 | Yes |
| FMA NZ | New Zealand | Tier-2 | No specific fund | Yes |
| FSA (Seychelles) | Seychelles | Tier-3 | No specific fund | Yes |
| FSCA SA | South Africa | Tier-2 | No specific fund | Yes |
| MAS | Singapore | Tier-1 | No specific fund | Yes |
| SCB | Bahamas | Tier-2 | No specific fund | Yes |
How does CySEC regulation protect investors?
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EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
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Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
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Transparency and Accountability: Ensures brokers operate with high standards of transparency.
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Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
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Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
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Continuous Monitoring: Regular audits and oversight to ensure compliance.
Beyond the office: practical advice for Forex investors
As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:
When examining reports from office visits to Plus500, focus on details provided about their local business alliances and affiliations. These relationships can offer a meaningful perspective into Plus500 reputation and position within the surrounding financial sector.
For Plus500 specifically, look for mentions of partnerships with regional banks, financial technology companies, or educational institutions. Such collaborations frequently demonstrate a broker's commitment to serving the local community and may translate to superior client service.
Additionally, consider any memberships Plus500 maintains with local forex associations or regulatory organizations. Research by the Global Forex Analytics Group found brokers actively involved with area financial associations had a 28% lower rate of client issues and disputes. This involvement often correlates to better adherence to professional standards and a deeper understanding of regional trading environments. Such engagement can be a positive signal when assessing a broker.
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