Greetings, dear friends!
We are delighted to introduce yet another engaging article from our captivating series, the Forex/CFD Industry Employers Review. It's important to note that these articles are not promotional pieces or paid endorsements. Our mission is to gather information from trustworthy sources and offer an impartial evaluation of each employer, contributing to an unbiased and comprehensive repository of insightful reviews within the Forex/CFD industry.
Our journey takes us into the realm of Plus500, the Rabbit in a Hat!
Plus500
Today, we're thrilled to shine a spotlight on Plus500 – a global fintech powerhouse providing a diverse array of trading services spanning CFDs, shares, Futures, and Options on Futures.
Founded in 2008 by six alumni of Technion, the Israel Institute of Technology, Plus500 has diligently crafted its own proprietary trading platform. Initially rooted in Windows OS, the platform underwent significant development post-2010, broadening its accessibility to users worldwide. Today, Plus500 stands as a leading multi-asset fintech group renowned for its cutting-edge technology-driven trading platforms.
In 2018, Plus500 achieved a significant milestone by going public, listing its shares on the London Stock Exchange under the PLUS symbol. It has since solidified its position as a key player, earning its place in the esteemed FTSE 250 index of mid-cap companies.
By 2020, Plus500 boasted a staggering 430,000 active customers on its CFDs platform. In 2021, the company further expanded its global footprint through the strategic acquisition of Cunningham Commodities LLC. and Cunningham Trading Systems LLC. This move bolstered its presence in the US futures market. The same year witnessed the appointment of Jacob Frenkel, former Chairman of J.P. Morgan Chase International and former governor of the Bank of Israel, as Plus500's new Chairman.
Driven by a relentless pursuit of innovation, Plus500 consistently enriches its offerings. Beyond over-the-counter trading of CFDs, customers now have access to real stocks, futures, and options on futures through its platforms.
Plus500's unwavering commitment to excellence is reflected in its remarkable growth trajectory and a dedicated global workforce exceeding 250 professionals. Operating with licenses across various jurisdictions, including the UK, Australia, Israel, and the United States, Plus500 offers clients access to a vast array of financial instruments across more than 50 countries and in 30 languages.
In addition to its financial services, Plus500 actively supports sports teams such as BSC Young Boys, Legia Warsaw, and the Chicago Bulls. This commitment underscores Plus500's dedication to community engagement and forging impactful global partnerships.
Plus500's Headquarters are strategically located in Haifa, Israel, and London, echoing the historical narrative of Plus500. While the company's roots trace back to its historic Haifa office, which remains its largest facility, its official headquarters is situated in London. This choice is pivotal, considering Plus500's listing on the London Stock Exchange and its possession of a British license. Thus, it's strategically imperative for the company to maintain a presence in London.
Over the past decade, the stock price has surged more than 13-fold. This remarkable growth can be attributed to several factors, including robust financial performance, successful strategic initiatives, expansion into new markets, and strong investor confidence in the company's leadership and vision.
But let's not stop there! We have uncovered the secret behind Plus500's magical allure on LinkedIn!
Website https://www.plus500.com
Company size 201-500 employee (588 on LinkedIn)
Headquarters London , England
A LinkedIn profile Plus500 can be likened to intriguing books. Within these pages, one can find a wealth of educational content, well wishes for international holidays, glimpses into history through references and photographs, and the narratives of its employees. While the company shares a variety of posts on its LinkedIn page, it lacks a cohesive visual narrative or overarching story. The absence of a defined HR branding strategy suggests that the company's commendable efforts may not be yielding optimal results.
Content Frequency and Quality:
Plus500 maintains an active presence on LinkedIn, with regular posts that cover a diverse range of topics, including industry insights, company updates, and announcements.
The content appears to be well-curated, providing valuable information to the audience and showcasing the company's expertise in the financial services industry.
It is also worth noting here that the company also uses gamification of its news and posts, which makes its linkedin more interesting and actively engages the audience.
Employee Engagement:
While the specific focus on employee engagement is not readily apparent from the LinkedIn page, the company could potentially benefit from showcasing employee testimonials, office culture, and professional development initiatives to boost engagement.
Job Postings and Career Growth:
LinkedIn serves as a platform for Plus500 to post job vacancies, with opportunities available for various roles across different markets.
The company's recruitment efforts on LinkedIn could potentially target specific segments of the job market and support its global expansion strategy.
Audience Interaction:
Plus500's LinkedIn page receives engagement from its audience, with likes and reactions indicating interest in the content shared.
While comments may be less frequent, the company's responsiveness to audience feedback could foster a sense of community and enhance interaction.
Brand Consistency:
Plus500's LinkedIn strategy appears to align with its broader branding goals, focusing on promoting its services and expertise in the financial markets.
The company could further reinforce its brand values and identity through consistent messaging and visuals across its LinkedIn presence.
Transparency and Updates:
Plus500 demonstrates transparency by sharing updates on its LinkedIn page, including news about partnerships, achievements, and industry events.
This openness helps build trust with the audience and keeps stakeholders informed about the company's latest developments.
Plus500's LinkedIn presence reflects a commitment to sharing valuable content and engaging with its audience. By continuing to leverage the platform for recruitment, brand promotion, and industry updates, the company can further enhance its visibility and reputation in the financial services sector. However, opportunities exist for improving employee engagement initiatives and strengthening brand consistency to support its long-term growth objectives.
Let us now turn our gaze to the magical realm of Glassdoor!
Glassdoor
Number of reviews 44
Rating on the site 4,2/5,0
It has been a long time since we have seen in our reviews such a rating of more than 4 points, or rather 4.2 points out of 5. But a more detailed analysis gives us food for thought, that there are two sides to this situation, which we will now discuss with you.
Notably, a substantial 92% of the employees would enthusiastically recommend Plus500 as a workplace to their peers, showcasing a highly satisfying and enjoyable employee experience.
The survey also reveals that 93% of respondents have a positive outlook on the business's future, indicating optimism and confidence in the company’s direction.
Analyzing the trend over time, the Glassdoor ratings for Plus500 exhibit some fluctuations. While there have been occasional dips in ratings, particularly in relation to specific issues such as end-of-year announcements or decisions affecting bonuses, there is no consistent downward trend. This suggests that any instances of employee discontent are isolated and not indicative of systemic issues within the company.
On Glassdoor, Plus500 has received mixed reviews from employees, providing insights into both the strengths and weaknesses of the company as an employer.
Pros:
- Competitive Compensation: Many employees appreciate the competitive salary, bonuses, and benefits offered by Plus500. This includes perks such as paid training, 401k, and free lunches.
- Technological Advancements: Employees praise the company for its advanced technological infrastructure and platforms, which provide traders with efficient and seamless trading experiences.
- Global Reach: With operations spanning across multiple countries and licenses in various jurisdictions, Plus500 offers employees the opportunity to work in a dynamic and international environment.
- Commitment to Innovation: Plus500 is recognized for its commitment to innovation, continuously enhancing its offerings and staying ahead of industry trends.
- Market Presence: As a publicly listed company on the London Stock Exchange, Plus500's market presence and financial stability provide employees with a sense of security and confidence in the company's future.
Cons:
- Work-Life Balance: Some employees report challenges in maintaining a healthy work-life balance, citing long working hours and high workload as areas of concern.
- Communication Issues: There are complaints about communication breakdowns between management and staff, as well as within project teams, leading to frustration and inefficiencies.
- Lack of Diversity: Several reviews mention a lack of diversity and inclusivity within the company, suggesting opportunities for improvement in fostering a more diverse workforce.
- Management Concerns: Poor management practices, including unresponsiveness and dismissiveness towards employee concerns, are highlighted as areas needing improvement.
- Training and Development: Some employees express dissatisfaction with the company's training programs, citing a lack of structured onboarding and professional development opportunities.
Overall, while Plus500 offers competitive compensation and benefits and has a strong market presence, there are areas where the company can improve, including addressing work-life balance issues, enhancing communication practices, promoting diversity and inclusion, and investing in employee training and development.
Where to look for company vacancies?
To embark on your journey through Plus500's enchanted forest and explore the mystique of its career opportunities, you can seek the company's contact details, including a phone number and email address, on its main website.
While the website itself does not feature a dedicated section for job vacancies, the company channels its magic through its LinkedIn page and Career website.
Note: You can set alerts for new vacancies!
*We hope our mystical journey through XM's Rabbit in a Hat has provided you with insights into the magical realm of this esteemed employer. If you wish to enhance your own powers and seek the assistance of our team to strengthen your resume, introduce you to the employer, and prepare for the job interview, you can write to us by email at jk@finwizard.org. May your path be illuminated with success and enchantment as you navigate the ever-changing landscapes of the Forex/CFD industry.