Plus500 Review: our experience with this broker – Forex Robot Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the most recent market advancements at low rates. Forex Robot Plus500.
Forex Robot Plus500
- At Plus500 you can hypothesize on price developments at low rates.
- You can sell a substantial range of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can use the easy to use web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Forex Robot Plus500.
- Plus500 does not provide innovative software for expert traders.
- You can not find extensive analyses within the platform.
- Plus500 customer care is not available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demo totally free of charge and without danger? Utilize the button listed below to open a demonstration account with this broker:
Forex Robot Plus500
We go over the following subjects 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 cost on Plus500?
- Performances: what are the possibilities of the software?
- Trading choices: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker reputable? (reliability).
- Information: more details about Plus500 (details).
- Conclusion: the verdict of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should first go to the Plus500 website. Click here * to open the Plus500 website. To create a totally free demo account, you just have to choose an email address and a password. It is also possible to log in with your Facebook or Google account. After you have left this info, you can instantly begin trading. Forex Robot Plus500.
Plus500 accepts customers from many nations. Nevertheless, there are likewise citizenships that are not confessed to Plus500. Traders from for instance, 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 for that reason offer Plus500 a favorable rating for opening an account. Forex Robot Plus500.
Deposit & withdraw cash
When you have actually ended up being acquainted with the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by using one of these techniques:
- Bank transfer.
Prior to your deposit can be processed, you need to confirm your identity. Plus500 should abide by legislation and can just receive confirmed customers. By verifying brand-new costumers, Plus500 prevents customers from using the account for money laundering.
We have actually gone through the entire procedure and published the required documents. Our account was approved and released by Plus500 within an hour. After validating the identity of your account, you don’t need to do it again. The length of this process depends upon your personal scenario and can be different for each customer.
You can withdraw the money into your account at any time. You can do this by transferring the cash to your bank account or PayPal account. The transfer is made quickly and the cash will remain in your account within a couple of days. Forex Robot Plus500.
On Plus500 there are no additional costs for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a small fee for withdrawing money. Traders can make the most of approximately 5 free withdrawals a month, after which a charge will be incurred.
Forex Robot Plus500
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a large part of your money to be lost to high transaction expenses. In this part of the review, we take a detailed take a look at the fees of trading with Plus500. Listed below we briefly 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 difference in between the buy and sell price of a CFD. Plus500 provides two spread systems for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread throughout the period a position is open vs. a Spread which does not usually alter in line with basic market variations while a position is open, but when the marketplace is unstable and illiquid, may change to a brand-new level so that the underlying market conditions are much better shown. Plus500 aims to offer the tightest possible spreads at all times. Forex Robot Plus500.
Forex costs on Plus500
On Plus500 you can sell different currency pairs. At the time of writing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these expenses with those of other providers and concluded that these costs are comparable to those of other brokers. (We have drawn out these data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against reasonably advantageously charges in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of composing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore relatively helpful at Plus500. (We have actually extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also trade in shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which relates to 0.12% of the overall value. 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.).
Financing costs at Plus500
With Plus500 you have the alternative 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 over night funding buy and the over night funding offer costs. In many cases, you really get a premium for brief positions. We compared Plus500 with other parties for this evaluation and the funding expenses were reasonably low. Still, it is necessary to bear in mind that Plus500 is not really ideal for long-lasting trading because of the funding fees you have to pay daily. Forex Robot Plus500.
Other expenses on Plus500
We have extensively investigated the expenses for this evaluation, and we have actually not found any bothersome surprise expenses. Nevertheless, you need to make sure that you log in to the platform a minimum of as soon as every three months. If you don’t do this, costs for inactivity will be charged. This is the case with a lot of brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? It is smart to withdraw the cash from your account.
You can check all Fees here:
Plus500 is primarily made up for its services through the “market spread”. For instance, when trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which implies a market spread of 0.6 pips, in this example). Unlike other service providers who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Forex Robot Plus500.
The following extra fees may be applied:
Overnight Funding – The over night funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight funding time and the everyday over night funding percentage can be discovered in the “Particulars” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Charge for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will currently depend on 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.
Inactivity Fee – A cost of as much as USD 10 per month will be levied, should you not visit to your trading represent a duration of at least 3 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 charge will be equal to the lower of the staying offered balance in your account or USD 10 (or comparable depending on your currency). This is to offset the expense sustained in making the service readily available, although it has actually not been utilized. Nevertheless, please note that the charge is only gathered from the Real Cash account and just when there are sufficient offered funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is deemed sufficient activity to prevent a charge from being charged.
Guaranteed Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade undergoes a larger 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 costs on Plus500, we take a closer take a look at the different costs 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 an excellent software package. With Plus500 trading is primarily done via the online WebTrader. A great benefit of the WebTrader is the ease of access: you can log in to the platform at any time and from any area 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 rapidly find the CFD in which you want to trade. New customers will for that reason not have to browse wish for buy & sell buttons on Plus500. Forex Robot Plus500.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to remember that with Plus500 you always sell CFDs. With Plus500 you never directly sell a share. The only thing that determines your result is the difference between the rate at which you open and close the position.
When you open a position, you have two alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with a rising rate and when you offer the CFD you get a positive result with a falling cost. Considering that you use utilize there is a high threat of losing money quickly due to take advantage of.
The option to hypothesize on a decreasing price is a major benefit within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to react to various market situations.
Type of orders
With Plus500 you can right away open an order. When you press purchase or offer you will see the screen listed below:
In the order screen you can go into the amount you wish to trade with. You likewise have the alternative to automatically open or close the position after a particular rate has been reached. This makes it possible to secure you trades when you need to go out. Forex Robot Plus500.
It is likewise possible to put an order with Plus500. You do this by getting in a rate at which you instantly open the CFD position. By using orders, you can achieve even better trading outcomes.
Take advantage of
With Plus500 you have the choice to apply a leverage. With a lever you can take a bigger position with the same quantity of money. Both your prospective revenue and your possible loss boost when you apply utilize. With each security you can right away see what the maximum take advantage of is that you can use.
The presence of a take advantage of is a benefit in the review of Plus500. You can constantly decide to invest with smaller amounts if you want to lower your threat.
On Plus500 you can also trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. However, it works to likewise install the mobile application. With the app you can get cautions when the cost of a security reaches a certain worth.
The mobile application is very user-friendly and it is good to adjust your orders when market conditions change significantly. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
Forex Robot Plus500
Trading alternatives at Plus500
In this part of the review we will go over the different kinds of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on cost changes in currency pairs. You can for instance place a trade on the advancement of the euro against the dollar.
On Plus500 you can also trade in an extensive range of CFD shares. The shares are nicely sorted by country, so you can rapidly discover a share to trade.
It’s also possible to trade in products by utilizing CFDs. The most popular product for trading is oil. You can typically use an optimum leverage of up to 1:20 to investments in raw materials. When you sell gold you can use a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on options. Alternatives often move highly: an alternative can often rise or fall in value by 10s of percent. With CFDs you can use an utilize of approximately 1:20 to alternatives, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on widely known indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very unstable and it can for that reason be interesting to actively speculate on their price developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to regulations”). Forex Robot Plus500.
Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even fairly unidentified regional stocks can typically be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has actually therefore been extremely positive.
Assistance & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software application you can utilize different drawing options. You can draw horizontal levels to show price levels where the market often moves in the opposing instructions.
You can also add technical signs on the graph. The range of technical signs at Plus500 is enormous. You can select from more than 100 different options. It is smart to use technical signs. By utilizing technical signs, you can execute better analyses.
The technical analysis options within the Plus500 software are comprehensive. Nevertheless, it is inconvenient that you can not save numerous charts. This implies that you have to duplicate the analyzes routinely. Expert financiers would need to download other programs to carry out more complex analyses.
Research study and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these options are entirely missing out on. There are no courses or webinars available at Plus500. This is a downside for people who join Plus500 to find out how to trade better.
It works that you receive a notification within the Plus500 software when interesting advancements happen. When the cost of, for instance, oil falls greatly, you will receive a notification of this occasion. You can then decide for yourself whether you wish to take a position on the market development. Forex Robot Plus500.
Within the Plus500 software application 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 purchasers or sellers. Other basic data 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 service that is offered in more than 30 languages. Your problems can be resolved quickly in your language.
It is suggested to call customer support through live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be fixed practically immediately.
It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak straight to someone. Due to the quick processing time, Plus500 still scores adequately in terms of customer support. Forex Robot Plus500.
Security & reliability
Prior to you transfer cash with a business, you naturally would like to know that it is entirely secure to do so. In this part of the review, we take a look at how reliable Plus500 is.
Supervisors guarantee that brokers stick to the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & controlled by the FCA (# 509909).
- Plus500CY Ltd licensed & controlled by the CySEC (# 250/14).
- Plus500SG Pte Ltd, licensed by MAS (#CMS 100648-1) and IE Singapore (#PLUS/ CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial supplier in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you enjoy extra security if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All customer funds are held in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set numerous extra rules to make sure that your cash is as safe and secure as possible on Plus500. Listed below you can find an introduction of these measurements:
Plus500 will never ever speculate with customers’ cash. All funds are stored in a different savings account, which means that this cash is protected when unforeseen things happen with Plus500. And finally, on Plus500 you are secured against a negative balance, due to the fact that he Unfavorable balance security is a regulatory 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 rip-off. Plus500 safely manages consumer properties. The company is also supervised. Plus500 has been around given that 2008 and is even listed on the London stock market. These are all great indicators that Plus500 is dependable and we have pertained to that conclusion ourselves.
Forex Robot Plus500
About the company
Plus500 was founded in 2008 and has grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 carried out over 35 million deals with a worth of over $1,000 billion in one year. The head office of the business can be discovered in Israel, however they have actually opened numerous extra workplaces in other nations. Do you wish to know more about the Plus500 company? In this article you will discover everything you require to understand!
Conclusion evaluation Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software. On Plus500 you can trade at low rates. You likewise have the chance to respond to altering market conditions by positioning orders on both rising and falling prices. Forex Robot Plus500.
Do you wish to find how Plus500 works? Right away open a free demo-account by pushing the button below: