Lithium Plus500

Plus500 Evaluation: our experience with this broker – Lithium Plus500
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the current market advancements at low rates. Lithium Plus500.

Lithium Plus500

Benefit Plus500

  • At Plus500 you can hypothesize on rate developments at low rates.
  • You can sell a substantial range of CFD shares.
  • It is possible to try Plus500 for free with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 offers its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Lithium Plus500.

 

Disadvantages Plus500

  • Plus500 does not offer sophisticated software application for professional traders.
  • You can not find extensive analyses within the platform.
  • Plus500 customer care is not readily 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:

–>> Open Demo Account here <<–

Lithium Plus500

We talk about the following subjects in the Plus500 evaluation:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you deposit 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?
  • Assistance: what assistance do you get when trading?
  • Costumer service: what is the quality of the client service? (costumer-service).
  • Dependability: Is this broker reputable? (dependability).
  • Info: more details about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to first check out the Plus500 website. Click here * to open the Plus500 website. To develop a totally free demonstration account, you simply need to select an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this information, you can right away start trading. Lithium Plus500.

Lithium Plus500

Plus500 accepts clients from many countries. However, there are likewise nationalities that are not confessed to Plus500. Traders from for instance, America, Brazil, Belgium and Syria are unable to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the evaluation, we therefore offer Plus500 a positive score for opening an account. Lithium Plus500.

 

Deposit & withdraw cash
When you have actually ended up being knowledgeable about the Plus500 platform, you can switch 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:

  • Creditcard.
  • Bank transfer.
  • PayPal.
  • Skrill.
  • iDEAL

Prior to your deposit can be processed, you should validate your identity. Plus500 must adhere to legislation and can just get verified consumers. By verifying new customers, Plus500 prevents clients from utilizing the account for cash laundering.

Lithium Plus500

We have actually gone through the whole procedure and submitted the required documents. Our account was approved and released by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it once again. The length of this process depends upon your personal scenario and can be various for each costumer.

 

Withdraw cash
You can withdraw the money into your account at any time. You can do this by moving the money to your savings account or PayPal account. The transfer is made quickly and the money will be in your account within a couple of days. Lithium Plus500.

Lithium Plus500

 

On Plus500 there are no additional costs for depositing and withdrawing cash. This is a huge benefit of the broker Plus500: numerous other brokers charge a small charge for withdrawing money. Traders can make the most of approximately 5 free withdrawals a month, after which a cost will be sustained.

–>> Open Demo Account here <<–

Lithium Plus500

Evaluation of the costs of Plus500
When you start trading with Plus500, you obviously do not desire a large part of your cash to be lost to high transaction expenses. In this part of the review, we take a detailed look at the fees of trading with Plus500. Below we quickly examine which costs Plus500 hands down to its clients.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell cost of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the market spread during the period a position is open vs. a Spread which does not typically change in line with basic market variations while a position is open, however when the market is volatile and illiquid, may alter to a new level so that the underlying market conditions are better shown. Plus500 aims to offer the tightest possible spreads at all times. Lithium Plus500.

 

Forex expenses on Plus500
On Plus500 you can sell different currency sets. At the time of composing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these expenses are comparable to those of other brokers. (We have extracted these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review 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 agreement. Trading cryptocurrencies is therefore fairly beneficial at Plus500. (We have actually drawn out these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can also trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the total worth. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Funding costs at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not have to put in the full amount of the trading position yourself. However, you do have to pay a premium for this.

With each security you will see the over night funding buy and the overnight funding offer costs. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other parties for this review and the funding costs were relatively low. Still, it is necessary to keep in mind that Plus500 is not very ideal for long-term trading because of the funding charges you have to pay every day. Lithium Plus500.

 

Other expenses on Plus500
We have extensively examined the costs for this evaluation, and we have not discovered any frustrating hidden expenses. You need to guarantee that you log in to the platform at least as soon as every 3 months. If you do not 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 sensible to withdraw the money from your account.

 

You can inspect all Charges here:

Plus500 is generally compensated 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 suggests a market spread of 0.6 pips, in this example). Unlike other provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Lithium Plus500.

The following extra charges may be applied:

Overnight Funding – The overnight financing amount is either contributed 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 over night financing percentage can be found in the “Details” link next to the instrument’s name on the main screen of the platform.

Currency Conversion Fee – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will currently depend on 0.7% of the trade’s realised web earnings and loss and shown in real time into the unrealised net profit and loss of an open position.

Lack of exercise Cost – A charge of approximately USD 10 each month will be levied, should you not visit to your trading account for a duration of at least 3 months. This fee will be charged once a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will be equal to the lesser of the remaining readily available balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the expense incurred in making the service offered, despite the fact that it has actually not been used. However, please note that the cost is just collected from the Real Cash account and only when there are sufficient offered funds in the account. In order to avoid this charge, merely log into your trading account from time to time, as this is considered enough activity to prevent a cost from being charged.

Surefire Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (price), the trade goes through a larger spread.

 

Conclusion Plus500 costs
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 article about the expenses on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.

Lithium Plus500

Software application & possibilities
When you start trading, we comprehend that you obviously likewise wish to utilize an excellent software package. With Plus500 trading is generally done through the online WebTrader. An excellent advantage of the WebTrader is the accessibility: you can visit to the platform at any time and from any area to open or close a position.

What stood out 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 wish to trade. New consumers will for that reason not need to search long for purchase & offer buttons on Plus500. Lithium Plus500.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is necessary to remember that with Plus500 you constantly sell CFDs. With Plus500 you never directly sell a share. The only thing that identifies your outcome is the distinction in between the cost at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a positive outcome with a rising rate and when you sell the CFD you get a favorable outcome with a falling cost. Given that you utilize utilize there is a high risk of losing cash quickly due to take advantage of.

 

The choice to speculate on a declining price is a significant benefit within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to react to various market situations.

 

Type of orders
With Plus500 you can immediately open an order. When you press buy or offer you will see the screen listed below:

Lithium Plus500

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 specific rate has actually been reached. This makes it possible to safeguard you trades when you need to go out. Lithium Plus500.

It is likewise possible to position an order with Plus500. You do this by going into a rate at which you instantly open the CFD position. By utilizing orders, you can achieve even much better trading outcomes.

Lithium Plus500

 

Leverage
With Plus500 you have the option to use a take advantage of. With a lever you can take a bigger position with the exact same quantity of cash. Both your possible profit and your potential loss increase when you apply leverage. With each security you can immediately see what the maximum take advantage of is that you can use.

The existence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly decide to invest with smaller amounts if you wish to lower your threat.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can perform less extensive analyses with it. It is useful to likewise set up the mobile application. With the app you can get cautions when the rate of a security reaches a specific worth.

The mobile application is really easy to use and it is good to change your orders when market conditions alter significantly. The mobile application is therefore a strong point in our review of the Plus500 platform.

Lithium Plus500

Trading options at Plus500
In this part of the review we will go over the various kinds of securities you can sell with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on price changes in currency sets. You can for instance location a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can also trade in a comprehensive series of CFD shares. The shares are neatly arranged by nation, so you can rapidly find a share to trade.

Products
It’s also possible to sell products by utilizing CFDs. The most popular commodity for trading is oil. You can often use a maximum utilize of up to 1:20 to financial investments in raw materials. When you trade in gold you can apply an utilize of 1:20.

Options
On Plus500 you can also trade in CFDs on alternatives. Alternatives often move strongly: an option can sometimes rise or fall in worth by tens of percent. With CFDs you can apply a leverage of approximately 1:20 to options, which even more increases your possible gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are very unpredictable and it can therefore be interesting to actively hypothesize on their cost developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to guidelines”). Lithium Plus500.


Conclusion on the trading choices at Plus500

Plus500 has a vast array of tradable CFD securities. Even reasonably unknown regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all countries. My experience with Plus50 has actually therefore been extremely favorable.

 

Assistance & research
In this part of the review, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize different drawing options. You can draw horizontal levels to indicate price levels where the market often relocates the opposing instructions.

Lithium Plus500

You can also add technical indicators on the chart. The variety of technical indicators at Plus500 is enormous. You can select from more than 100 various alternatives. It is a good idea to utilize technical signs. By using technical indicators, you can execute much better analyses.

Lithium Plus500

The technical analysis alternatives within the Plus500 software application are extensive. However, it is troublesome that you can not conserve several graphs. This means that you need to repeat the examines regularly. Professional 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 choices are totally missing. There are no courses or webinars available at Plus500. This is a disadvantage for people who join Plus500 to learn how to trade much better.

It is useful that you get a notice within the Plus500 software when fascinating advancements happen. When the price of, for instance, oil falls dramatically, you will get a notification of this occasion. You can then decide for yourself whether you want to take a position on the market development. Lithium Plus500.

Within the Plus500 software you can also see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more purchasers or sellers. Other basic information is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

Customer care
Plus500 has a comprehensive and fast customer support that is offered in more than 30 languages. Your issues can be resolved rapidly in your language.

It is advised to get in touch with customer service through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed nearly instantly.

It is also 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 straight to someone. Due to the fast processing time, Plus500 still ratings sufficiently in regards to customer support. Lithium Plus500.

Lithium Plus500

 

Security & dependability
Before you transfer money with a company, you naturally wish to know that it is completely safe to do so. In this part of the review, we take a look at how dependable Plus500 is.

Policy
Supervisors ensure that brokers follow the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & controlled 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 monetary supplier in South Africa, FSP # 47546.

Security of your deposits
Depending upon your nationality, you take pleasure in extra security if Plus500 goes bankrupt. This is done through a so-called investor security fund. All client funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set a number of additional rules to make sure that your cash is as safe and secure as possible on Plus500. Below you can find a summary of these measurements:

Lithium Plus500

Plus500 will never ever speculate with customers’ money. All funds are stored in a separate bank account, which indicates that this cash is protected when unexpected things happen with Plus500. And lastly, on Plus500 you are safeguarded against an unfavorable balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be left with a recurring financial obligation. Lithium Plus500.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 safely manages client assets. The company is likewise monitored. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is trustworthy and we have come to that conclusion ourselves.

Lithium Plus500

About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active customers 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, but they have actually opened several additional offices in other nations. Do you would like to know more about the Plus500 business? In this post you will find everything you require to know!

Lithium Plus500

Conclusion review Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the easy to use software application. On Plus500 you can trade at low rates. You also have the opportunity to respond to altering market conditions by placing orders on both rising and falling prices. Lithium Plus500.

Do you want to find how Plus500 works? Instantly open a complimentary demo-account by pushing the button listed below:

 

–>> Open Demo Account here <<–

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

 

 

 

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