[NEW] – My Plus500 Account

Plus500 Review: our experience with this broker – My Plus500 Account
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can respond to the current market developments at low rates. My Plus500 Account.

My Plus500 Account

Benefit Plus500

  • At Plus500 you can hypothesize on rate developments at low rates.
  • You can trade in a substantial variety of CFD shares.
  • It is possible to attempt Plus500 for free with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 provides its services in more than 30 different languages.
  • On Plus500 you can start trading from $100. My Plus500 Account.

 

Disadvantages Plus500

  • Plus500 does not supply advanced software for expert traders.
  • You can not find substantial analyses within the platform.
  • Plus500 customer support is not available by phone.
  • On Plus500 you can only trade in CFDs.

Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without danger? Use the button below to open a demo account with this broker:

My Plus500 Account

We talk about the following subjects in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw money?
  • Expenses: just how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading options: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Client service: what is the quality of the client service? (costumer-service).
  • Dependability: Is this broker trusted? (dependability).
  • Details: more info about Plus500 (details).
  • Conclusion: the decision of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you should initially visit the Plus500 website. Click here * to open the Plus500 site. To produce a complimentary demo account, you just have to select an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have left this info, you can instantly begin trading. My Plus500 Account.

My Plus500 Account

Plus500 accepts clients from many nations. There are also citizenships that are not admitted 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 for that reason offer Plus500 a positive rating for opening an account. My Plus500 Account.

 

Deposit & withdraw money
When you have become acquainted with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing one of these methods:

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

Before your deposit can be processed, you must verify your identity. Plus500 needs to comply with legislation and can only get verified consumers. By verifying new clients, Plus500 prevents customers from using the account for cash laundering.

My Plus500 Account

We have actually gone through the entire procedure and uploaded the required documents. Our account was authorized 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 on your individual scenario and can be different for each client.

 

Withdraw cash
You can withdraw the cash into your account at any time. You can do this by transferring the cash to your savings account or PayPal account. The transfer is made rapidly and the cash will remain in your account within a couple of days. My Plus500 Account.

My Plus500 Account

 

On Plus500 there are no extra costs for transferring and withdrawing money. This is a huge benefit of the broker Plus500: numerous other brokers charge a small fee for withdrawing cash. Traders can benefit from approximately 5 complimentary withdrawals a month, after which a fee will be incurred.

My Plus500 Account

Evaluation of the costs of Plus500
When you begin trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction costs. In this part of the review, we take a detailed look at the charges of trading with Plus500. Below we briefly examine which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell cost of a CFD. Plus500 uses 2 spread systems for its instruments: Dynamic spread which is continuously adjusted according to the marketplace spread throughout the duration a position is open vs. a Spread which does not generally change in line with general market fluctuations while a position is open, however when the market is unpredictable and illiquid, may alter to a brand-new level so that the underlying market conditions are better reflected. However, Plus500 aims to offer the tightest possible spreads at all times. My Plus500 Account.

 

Forex expenses on Plus500
On Plus500 you can trade in various currency pairs. At the time of composing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these expenses with those of other providers and concluded that these expenses are comparable to those of other brokers. (We have actually drawn out these information on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus reasonably advantageously costs 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 for that reason reasonably advantageous at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

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

 

Financing expenses at Plus500
With Plus500 you have the choice to trade on margin. Because you can trade on margin, you do not need to put in the full amount 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 overnight financing sell costs. In some cases, you in fact receive a premium for short positions. We compared Plus500 with other celebrations for this review and the funding expenses were reasonably low. Still, it is very important to bear in mind that Plus500 is not really appropriate for long-term trading because of the financing charges you need to pay daily. My Plus500 Account.

 

Other expenses on Plus500
We have actually extensively examined the costs for this evaluation, and we have not found any frustrating surprise costs. However, you must guarantee that you log in to the platform a minimum of as soon as every 3 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? Then it is wise to withdraw the cash from your account.

 

You can check all Costs here:

Plus500 is mainly 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 implies a market spread of 0.6 pips, in this example). Unlike other provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. My Plus500 Account.

However, the following extra fees might be applied:

Overnight Funding – The over night financing amount is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The over night funding time and the day-to-day overnight funding percentage can be discovered in the “Details” link beside the instrument’s name on the main screen of the platform.

Currency Conversion Cost – 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 presently be up to 0.7% of the trade’s realised net revenue and loss and reflected in real time into the unrealised net earnings and loss of an employment opportunity.

Lack of exercise Fee – A charge of approximately USD 10 each month will be imposed, should you not visit to your trading account for a period of at least three months. This cost will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lesser of the staying offered balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the cost incurred in making the service offered, even though it has not been utilized. Please note that the charge is only collected from the Genuine Cash account and just when there are enough readily available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is considered enough activity to prevent a charge from being charged.

Guaranteed Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (cost), the trade goes through a broader spread.

 

Conclusion Plus500 fees
The expenses 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 post about the costs on Plus500, we take a closer take a look at the different costs you pay when you trade with Plus500.

My Plus500 Account

Software & possibilities
When you start trading, we understand that you of course also wish to utilize an excellent software package. With Plus500 trading is generally done through the online WebTrader. A great benefit of the WebTrader is the accessibility: you can visit to the platform at any time and from any location to open or close a position.

What stood out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly discover the CFD in which you wish to trade. New consumers will therefore not need to search long for buy & offer buttons on Plus500. My Plus500 Account.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to bear in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that determines your outcome is the difference between the price at which you open and close the position.

When you open a position, you have 2 choices. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive outcome with a rising price and when you offer the CFD you get a positive result with a falling cost. Since you utilize utilize there is a high threat of losing money rapidly due to take advantage of.

 

The alternative to hypothesize on a declining rate is a major benefit within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to react to different market scenarios.

 

Kind of orders
With Plus500 you can right away open an order. When you push buy or sell you will see the screen listed below:

My Plus500 Account

In the order screen you can get in the amount you wish to trade with. You also have the choice to automatically open or close the position after a particular price has actually been reached. This makes it possible to safeguard you trades when you have to go out. My Plus500 Account.

It is also possible to position an order with Plus500. You do this by entering a rate at which you instantly open the CFD position. By utilizing orders, you can accomplish even much better trading results.

My Plus500 Account

 

Take advantage of
With Plus500 you have the alternative to use an utilize. With a lever you can take a larger position with the very same amount of money. Both your prospective earnings and your potential loss increase when you use utilize. With each security you can instantly see what the optimum leverage is that you can apply.

The presence of a leverage is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller sized quantities if you want to lower your threat.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can perform less substantial analyses with it. It is beneficial to also set up the mobile application. With the app you can get warnings when the cost of a security reaches a particular value.

The mobile application is extremely user-friendly and it is good to change your orders when market conditions change substantially. The mobile application is for that reason a strength in our review of the Plus500 platform.

My Plus500 Account

Trading alternatives at Plus500
In this part of the review we will discuss the different types of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on rate changes in currency pairs. You can for example location a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are neatly arranged by country, so you can rapidly discover a share to trade.

Commodities
It’s also possible to sell products by utilizing CFDs. The most popular commodity for trading is oil. You can frequently use an optimum leverage of as much as 1:20 to investments in basic materials. When you sell gold you can use an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Options often move highly: a choice can sometimes rise or fall in value by tens of percent. With CFDs you can use an utilize of approximately 1:20 to options, which even more increases your potential gains or losses.

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


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really volatile and it can therefore be interesting to actively hypothesize on their cost advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to guidelines”). My Plus500 Account.


Conclusion on the trading choices at Plus500

Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified local stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has therefore been extremely favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software application you can use various illustration alternatives. You can draw horizontal levels to indicate price levels where the market often moves in the opposing instructions.

My Plus500 Account

You can also include technical indications on the chart. The range of technical signs at Plus500 is massive. You can pick from more than 100 different alternatives. It is a good idea to use technical signs. By utilizing technical signs, you can carry out much better analyses.

My Plus500 Account

The technical analysis options within the Plus500 software application are comprehensive. However, it is troublesome that you can not conserve multiple graphs. This suggests that you need to repeat the analyzes regularly. Professional investors would need to download other programs to carry out more complex analyses.

 

Research and education
In this review we can be fast 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 drawback for individuals who join Plus500 to discover how to trade better.

It is useful that you get a notice within the Plus500 software application when intriguing developments take place. When the price of, for example, oil falls greatly, you will receive a notice of this event. You can then decide on your own whether you want to take a position on the marketplace advancement. My Plus500 Account.

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

 

Customer care
Plus500 has a thorough and fast customer support that is readily available in more than 30 languages. Your issues can be solved quickly in your language.

It is recommended 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 resolved nearly immediately.

It is also possible to email Plus500. Mails are frequently addressed within a day. It is a pity that no phone number is offered. This makes it impossible to speak directly to somebody. Due to the fast processing time, Plus500 still scores adequately in terms of customer service. My Plus500 Account.

My Plus500 Account

 

Security & dependability
Prior to you deposit money with a business, you naturally want to know that it is completely safe and secure to do so. In this part of the review, we take a look at how reputable Plus500 is.

Policy
Supervisors guarantee that brokers follow the guidelines. Plus500 is monitored by:

  • Plus500UK Ltd licensed & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
  • Plus500SG Pte Ltd, certified 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; authorized monetary supplier in South Africa, FSP # 47546.

Security of your deposits
Depending on your nationality, you delight in additional defense if Plus500 goes bankrupt. This is done through a so-called financier defense fund. All client funds are held in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually also set several extra rules to guarantee that your cash is as safe as possible on Plus500. Listed below you can find an overview of these measurements:

My Plus500 Account

Plus500 will never hypothesize with consumers’ cash. All funds are saved in a separate savings account, which implies that this cash is protected when unexpected things occur with Plus500. And finally, on Plus500 you are secured versus a negative balance, since he Unfavorable balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. My Plus500 Account.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 securely manages client possessions. The company is also supervised. Plus500 has actually been around given that 2008 and is even listed on the London stock market. These are all great indications that Plus500 is trusted and we have come to that conclusion ourselves.

My Plus500 Account

About the business
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, but they have opened several additional workplaces in other countries. Do you would like to know more about the Plus500 business? In this short article you will discover everything you need to know!

My Plus500 Account

Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the easy to use software. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to changing market conditions by placing orders on both fluctuating rates. My Plus500 Account.

Do you want to find how Plus500 works? Then right away open a free demo-account by pressing the button below:

 

 

 

 

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