Plus500 2017

Plus500 Review: our experience with this broker – Plus500 2017
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this comprehensive review, we share our experiences with this broker. In our test, Plus500 emerged as an easy to use broker where you can respond to the most recent market advancements at low rates. Plus500 2017.

Plus500 2017

Advantage Plus500

  • At Plus500 you can speculate on rate advancements at low rates.
  • You can trade in a comprehensive series of CFD shares.
  • It is possible to attempt Plus500 free of charge with a demo.
  • On Plus500 you can utilize the easy to use web trader.
  • Plus500 offers its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. Plus500 2017.

 

Downsides Plus500

  • Plus500 does not supply advanced software application for expert traders.
  • You can not discover comprehensive analyses within the platform.
  • Plus500 customer service is not offered by phone.
  • On Plus500 you can only sell CFDs.

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

–>> Open Demo Account here <<–

Plus500 2017

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 deposit and withdraw cash?
  • Costs: how much does trading expense on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading options: in what securities you trade on Plus500?
  • Assistance: what support do you get when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Reliability: Is this broker dependable? (dependability).
  • Details: more information about Plus500 (info).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you must initially visit the Plus500 site. Click on this link * to open the Plus500 website. To create a totally free demo account, you simply have to select an email address and a password. It is likewise possible to log in with your Facebook or Google account. After you have left this information, you can right away start trading. Plus500 2017.

Plus500 2017

Plus500 accepts customers from a lot of countries. There are likewise 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 therefore give Plus500 a favorable ranking for opening an account. Plus500 2017.

 

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

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

Prior to your deposit can be processed, you need to validate your identity. Plus500 needs to adhere to legislation and can only get confirmed clients. By verifying new clients, Plus500 avoids costumers from using the represent cash laundering.

Plus500 2017

We’ve gone through the whole procedure and submitted the required files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you do not need to do it once again. The length of this procedure depends on your individual scenario and can be various for each customer.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the cash to your checking account or PayPal account. The transfer is made rapidly and the cash will remain in your account within a couple of days. Plus500 2017.

Plus500 2017

 

On Plus500 there are no additional costs for transferring and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a little charge for withdrawing cash. Traders can benefit from approximately 5 totally free withdrawals a month, after which a fee will be incurred.

–>> Open Demo Account here <<–

Plus500 2017

Evaluation of the costs of Plus500
When you begin trading with Plus500, you obviously 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 look at the charges of trading with Plus500. Below we briefly analyze which costs Plus500 passes on to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction in between the buy and sell price of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread throughout the duration a position is open vs. a Spread which does not generally alter in line with basic market fluctuations while a position is open, but when the marketplace is volatile and illiquid, might change to a brand-new level so that the underlying market conditions are much better shown. However, Plus500 intends to supply the tightest possible spreads at all times. Plus500 2017.

 

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

 

Share costs on Plus500
At Plus500 you can also sell 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 overall value. 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.).

 

Financing costs at Plus500
With Plus500 you have the option 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. However, you do have to pay a premium for this.

With each security you will see the overnight financing buy and the overnight financing sell expenses. In many cases, you actually get a premium for brief positions. We compared Plus500 with other parties for this review and the funding costs were fairly low. Still, it is very important to keep in mind that Plus500 is not really appropriate for long-lasting trading because of the financing charges you need to pay every day. Plus500 2017.

 

Other expenses on Plus500
We have actually extensively investigated the expenses for this evaluation, and we have actually not discovered any annoying covert costs. You must ensure that you log in to the platform at least when every 3 months. If you do not do this, costs for inactivity will be charged. This holds true with many brokers.

Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is smart to withdraw the cash from your account.

 

You can check all Costs here:

Plus500 is mainly compensated 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 implies a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 2017.

The following additional fees may be applied:

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

Currency Conversion Charge – 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 Charge will currently depend on 0.7% of the trade’s realised internet revenue and loss and shown in real time into the unrealised net profit and loss of an employment opportunity.

Lack of exercise Charge – A charge of as much as USD 10 monthly will be imposed, need to you not visit to your trading account for a duration of a minimum of three months. This charge 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 available balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the expense sustained in making the service available, although it has not been utilized. Please note that the charge is only gathered from the Genuine Money account and only when there are sufficient readily available funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is considered enough activity to prevent a cost from being charged.

Guaranteed Stop Order – if you select this feature, please note that as it guarantees that your position (trade) closes at a specific asked for rate (rate), the trade undergoes a wider spread.

 

Conclusion Plus500 fees
The costs Plus500 charges are reasonable and in proportion to the quantity 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 expenses you pay when you trade with Plus500.

Plus500 2017

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

What stood apart 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 want to trade. New clients will for that reason not need to browse wish for purchase & sell buttons on Plus500. Plus500 2017.

 

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 trade in a share. The only thing that determines your outcome is the difference between the rate at which you open and close the position.

When you open a position, you have 2 alternatives. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with a rising rate and when you sell the CFD you get a favorable outcome with a falling rate. Considering that you utilize leverage there is a high threat of losing money rapidly due to leverage.

 

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

 

Kind of orders
With Plus500 you can instantly open an order. When you press purchase or sell you will see the screen below:

Plus500 2017

In the order screen you can go into the amount you want to trade with. You also have the alternative to instantly open or close the position after a specific cost has been reached. This makes it possible to protect you trades when you need to go out. Plus500 2017.

It is likewise possible to position an order with Plus500. You do this by going into a cost at which you automatically open the CFD position. By using orders, you can accomplish even better trading outcomes.

Plus500 2017

 

Leverage
With Plus500 you have the choice to apply an utilize. With a lever you can take a bigger position with the very same amount of money. Both your possible earnings and your possible loss boost when you apply utilize. With each security you can right away see what the optimum utilize is that you can apply.

The existence of a take advantage of is an advantage in the review of Plus500. You can always choose to invest with smaller quantities if you wish to decrease your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less extensive than the WebTrader. You can carry out less extensive analyses with it. Nevertheless, it is useful to also install the mobile application. With the app you can get cautions when the price of a security reaches a particular value.

The mobile application is extremely easy to use and it is great to adjust your orders when market conditions change substantially. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.

Plus500 2017

Trading alternatives at Plus500
In this part of the evaluation we will discuss the different types of securities you can sell with Plus500.

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

Shares
On Plus500 you can likewise sell an extensive variety of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.

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

Options
On Plus500 you can likewise trade in CFDs on options. Options typically move highly: an alternative can in some cases increase or fall in value by tens of percent. With CFDs you can use a leverage of up to 1:20 to options, which further increases your possible 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.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very volatile and it can therefore be interesting to actively speculate on their cost developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 2017.


Conclusion on the trading options at Plus500

Plus500 has a wide variety of tradable CFD securities. Even reasonably unidentified regional stocks can typically be found on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries. My experience with Plus50 has actually for that reason been extremely positive.

 

Support & research study
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 drawing alternatives. You can draw horizontal levels to indicate price levels where the market often relocates the opposing instructions.

Plus500 2017

You can also include technical indicators on the graph. The variety of technical indications at Plus500 is enormous. You can select from more than 100 different alternatives. It is a good idea to use technical indications. By using technical signs, you can execute better analyses.

Plus500 2017

The technical analysis alternatives within the Plus500 software application are substantial. However, it is inconvenient that you can not save multiple charts. This implies that you need to duplicate the analyzes frequently. Expert investors would need to download other programs to perform more complex analyses.

 

Research and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these alternatives are completely missing out on. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade better.

It is useful that you get an alert within the Plus500 software application when intriguing advancements take place. When the rate of, for example, oil falls sharply, you will receive a notice of this occasion. You can then choose on your own whether you want to take a position on the marketplace development. Plus500 2017.

Within the Plus500 software application 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 essential information is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Client service
Plus500 has an extensive and fast client service that is offered in more than 30 languages. Your issues can be fixed rapidly in your language.

It is advised to contact customer care via live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be solved almost instantly.

It is also possible to email Plus500. Mails are typically responded to within a day. It is a pity that no phone number is readily available. This makes it difficult to speak directly to somebody. Due to the fast processing time, Plus500 still scores sufficiently in terms of client service. Plus500 2017.

Plus500 2017

 

Security & reliability
Before you transfer cash with a company, you naturally need to know that it is entirely secure to do so. In this part of the review, we look at how dependable Plus500 is.

Regulation
Supervisors guarantee that brokers adhere to the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & managed by the FCA (# 509909).
  • Plus500CY Ltd authorized & 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial provider in South Africa, FSP # 47546.

Security of your deposits
Depending upon your nationality, you enjoy additional defense if Plus500 declares bankruptcy. This is done through a so-called investor defense fund. All customer funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has also set a number of extra rules to ensure that your cash is as protected as possible on Plus500. Below you can discover an introduction of these measurements:

Plus500 2017

Plus500 will never ever hypothesize with clients’ cash. All funds are saved in a different savings account, which suggests that this money is safe when unexpected things happen with Plus500. And last but not least, on Plus500 you are safeguarded versus a negative balance, due to the fact that he Negative balance security is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted to a residual financial obligation. Plus500 2017.

 

Conclusion dependability
Plus500 is 100% no rip-off. Plus500 safely manages client assets. The company is likewise monitored. Plus500 has been around because 2008 and is even listed on the London stock exchange. These are all great indications that Plus500 is reliable and we have actually come to that conclusion ourselves.

Plus500 2017

About the company
Plus500 was founded in 2008 and has actually grown highly 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 transactions with a value of over $1,000 billion in one year. The head office of the business can be found in Israel, but they have actually opened numerous extra offices in other nations. Do you wish to know more about the Plus500 business? In this post you will find whatever you require to understand!

Plus500 2017

Conclusion review Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You also have the chance to react to changing market conditions by putting orders on both rising and falling prices. Plus500 2017.

Do you want to find how Plus500 works? Instantly open a complimentary demo-account by pressing 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

 

 

 

You May Also Like