Plus500 Evaluation: our experience with this broker – Forex Robot Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the latest market advancements at low rates. Forex Robot Plus500.
Forex Robot Plus500
- At Plus500 you can speculate on price developments at low rates.
- You can trade in a substantial variety of CFD shares.
- It is possible to attempt Plus500 totally free with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Forex Robot Plus500.
- Plus500 does not provide advanced software application for professional traders.
- You can not discover comprehensive analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can only sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration entirely free of charge and without risk? Utilize the button listed below to open a demo account with this broker:
Forex Robot Plus500
We go over the following topics in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you transfer and withdraw money?
- Costs: just how much does trading expense on Plus500?
- Performances: what are the possibilities of the software application?
- Trading options: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Customer service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker reputable? (dependability).
- Information: more info about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you should initially visit the Plus500 website. Click here * to open the Plus500 website. To develop a free demo account, you just have to select an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have left this information, you can right away begin trading. Forex Robot Plus500.
Plus500 accepts consumers from most countries. There are also nationalities that are not admitted to Plus500. Traders from for example, America, Brazil, Belgium and Syria are not able to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the evaluation, we therefore give Plus500 a positive ranking for opening an account. Forex Robot Plus500.
Deposit & withdraw cash
When you have become acquainted with the Plus500 platform, you can change to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing among these methods:
- Bank transfer.
Prior to your deposit can be processed, you should verify your identity. Plus500 needs to abide by legislation and can only receive validated clients. By verifying new costumers, Plus500 avoids clients from utilizing the represent cash laundering.
We’ve gone through the entire process and uploaded the required documents. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it once again. The length of this procedure depends on your individual scenario and can be different for each costumer.
You can withdraw the money into your account at any time. You can do this by moving the cash to your checking account or PayPal account. The transfer is made rapidly and the cash will be in your account within a few days. Forex Robot Plus500.
On Plus500 there are no additional expenses for transferring and withdrawing cash. This is a big benefit of the broker Plus500: lots of other brokers charge a little fee for withdrawing money. Traders can make the most of up to 5 complimentary withdrawals a month, after which a cost will be sustained.
Forex Robot Plus500
Evaluation of the expenses of Plus500
When you start trading with Plus500, you obviously do not desire a large part of your money to be lost to high deal expenses. In this part of the review, we take a comprehensive look at the fees of trading with Plus500. Listed below we quickly take a look at which costs Plus500 hands down to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell price of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the market spread out during the period a position is open vs. a Spread which does not normally change in line with general market variations while a position is open, but when the marketplace is unpredictable and illiquid, might alter to a new level so that the underlying market conditions are better reflected. Nevertheless, Plus500 intends to offer the tightest possible spreads at all times. Forex Robot Plus500.
Forex costs on Plus500
On Plus500 you can sell various currency pairs. At the time of writing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these costs are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus relatively advantageously costs in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of writing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore fairly useful at Plus500. (We have extracted these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a snapshot on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the option to trade on margin. Since you can trade on margin, you do not have to put in the total of the trading position yourself. You do have to pay a premium for this.
With each security you will see the overnight funding buy and the overnight financing sell expenses. In some cases, you really get a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were relatively low. Still, it is very important to bear in mind that Plus500 is not very suitable for long-term trading because of the funding charges you have to pay on a daily basis. Forex Robot Plus500.
Other expenses on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have actually not discovered any frustrating covert expenses. You need to ensure that you log in to the platform at least once every three months. If you do not do this, expenses for inactivity will be charged. This holds true with the majority of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? Then it is smart to withdraw the cash from your account.
You can examine all Charges here:
Plus500 is generally made up for its services through the “market spread”. When trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which means a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Forex Robot Plus500.
Nevertheless, the following additional fees might be applied:
Overnight Funding – The overnight financing amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight financing time and the everyday overnight financing portion can be found in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Charge – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will presently be up to 0.7% of the trade’s understood internet profit and loss and shown in real time into the unrealised net profit and loss of an open position.
Inactivity Charge – A charge of approximately USD 10 monthly will be imposed, ought to you not log in to your trading represent a duration of a minimum of three months. This charge will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The lack of exercise fee will be equal to the lesser of the staying readily available balance in your account or USD 10 (or comparable depending upon your currency). This is to balance out the cost sustained in making the service readily available, although it has not been used. Nevertheless, please note that the fee is just collected from the Genuine Money account and just when there are sufficient readily available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered sufficient activity to prevent a charge from being charged.
Guaranteed Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (price), the trade is subject to a broader spread.
Conclusion Plus500 fees
The costs Plus500 charges are reasonable and in proportion to the amount you trade with. This makes it possible to trade with a small amount of money. In our short article about the expenses on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Forex Robot Plus500
Software & possibilities
When you start trading, we comprehend that you of course also wish to use a great software package. With Plus500 trading is primarily done through the online WebTrader. An excellent advantage of the WebTrader is the ease of access: you can visit to the platform at any time and from any place to open or close a position.
What stood apart in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly discover the CFD in which you want to trade. New clients will for that reason not have to search wish for purchase & offer buttons on Plus500. Forex Robot Plus500.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to remember that with Plus500 you always trade in CFDs. With Plus500 you never directly trade in a share. The only thing that identifies your result is the distinction in between the price at which you open and close the position.
When you open a position, you have two options. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with an increasing rate and when you sell the CFD you get a positive outcome with a falling cost. Given that you utilize take advantage of there is a high risk of losing money rapidly due to take advantage of.
The choice to hypothesize on a decreasing cost is a major advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to various market situations.
Kind of orders
With Plus500 you can instantly open an order. When you push purchase or offer you will see the screen below:
In the order screen you can enter the amount you wish to trade with. You likewise have the choice to immediately open or close the position after a certain rate has actually been reached. This makes it possible to safeguard you trades when you need to go out. Forex Robot Plus500.
It is likewise possible to position an order with Plus500. You do this by entering a rate at which you instantly open the CFD position. By using orders, you can accomplish even much better trading results.
With Plus500 you have the alternative to apply an utilize. With a lever you can take a bigger position with the exact same amount of money. Both your potential profit and your possible loss boost when you apply utilize. With each security you can right away see what the optimum leverage is that you can use.
The presence of a leverage is an advantage in the review of Plus500. You can always choose to invest with smaller sized quantities if you wish to decrease your threat.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can carry out less extensive analyses with it. Nevertheless, it works to also set up the mobile application. With the app you can receive warnings when the price of a security reaches a certain value.
The mobile application is very user-friendly and it is great to change your orders when market conditions alter considerably. The mobile application is therefore a strength in our review of the Plus500 platform.
Forex Robot Plus500
Trading alternatives at Plus500
In this part of the evaluation we will discuss the different types of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on cost changes in currency sets. You can for example location a trade on the development of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are neatly sorted by nation, so you can rapidly find a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can often apply a maximum utilize of up to 1:20 to investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can also sell CFDs on alternatives. Options often move highly: an option can sometimes increase or fall in worth by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to alternatives, which even more increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their price advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to guidelines”). Forex Robot Plus500.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide range of tradable CFD securities. Even reasonably unknown regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has actually for that reason been very favorable.
Assistance & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software application you can utilize various illustration choices. You can draw horizontal levels to show price levels where the marketplace often moves in the opposing direction.
You can likewise add technical signs on the chart. The range of technical indicators at Plus500 is enormous. You can choose from more than 100 different options. It is a good idea to use technical indicators. By utilizing technical indicators, you can carry out much better analyses.
The technical analysis alternatives within the Plus500 software application are extensive. Nevertheless, it is troublesome that you can not save several charts. This means that you need to repeat the examines regularly. Professional investors would need to download other programs to carry out more complex analyses.
Research study and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these alternatives are totally missing. There are no courses or webinars available at Plus500. This is a drawback for people who join Plus500 to learn how to trade much better.
It works that you receive an alert within the Plus500 software when fascinating developments happen. When the rate of, for instance, oil falls dramatically, you will receive an alert of this occasion. You can then choose for yourself whether you want to take a position on the market advancement. Forex Robot Plus500.
Within the Plus500 software you can also see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other essential information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has an extensive and fast customer care that is available in more than 30 languages. Your problems can be fixed rapidly in your language.
It is advised to contact customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved practically instantly.
It is likewise possible to email Plus500. Mails are typically answered within a day. It is a pity that no telephone number is offered. This makes it impossible to speak directly to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in terms of customer care. Forex Robot Plus500.
Security & reliability
Before you transfer money with a business, you naturally need to know that it is totally protected to do so. In this part of the evaluation, we look at how trustworthy Plus500 is.
Supervisors guarantee that brokers abide by the rules. Plus500 is supervised by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, accredited by MAS (#CMS 100648-1) and IE Singapore (#PLUS/ CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial supplier in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy additional security if Plus500 declares bankruptcy. This is done through a so-called investor security fund. All customer funds are kept in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set a number of extra guidelines to guarantee that your cash is as safe as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never hypothesize with customers’ money. All funds are stored in a different savings account, which means that this cash is safe when unanticipated things occur with Plus500. And finally, on Plus500 you are secured against an unfavorable balance, because he Negative balance protection is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a recurring financial obligation. Forex Robot Plus500.
Plus500 is 100% no scam. Plus500 firmly handles consumer properties. The company is also supervised. Plus500 has actually been around since 2008 and is even listed on the London stock exchange. These are all great indications that Plus500 is reputable and we have come to that conclusion ourselves.
Forex Robot Plus500
About the company
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the business can be found in Israel, but they have opened numerous additional offices in other countries. Do you wish to know more about the Plus500 business? In this post you will find whatever you need to know!
Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the easy to use software application. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by putting orders on both fluctuating rates. Forex Robot Plus500.
Do you want to find how Plus500 works? Instantly open a totally free demo-account by pushing the button below:
72% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money