Plus500 Review: our experience with this broker – Plus500 Android App Download
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility 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 latest market developments at low rates. Plus500 Android App Download.

Plus500 Android App Download

Benefit Plus500

• At Plus500 you can speculate on cost advancements at low rates.
• You can trade in an extensive range of CFD shares.
• It is possible to attempt Plus500 for free with a demo.
• On Plus500 you can use the easy to use web trader.
• Plus500 provides its services in more than 30 various languages.
• On Plus500 you can begin trading from $100. Plus500 Android App Download.

 

Disadvantages Plus500

• Plus500 does not supply advanced software application for expert 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 demo entirely free of charge and without danger? Use the button below to open a demonstration account with this broker:

Plus500 Android App Download

We talk about the following topics in the Plus500 evaluation:

• Open account: how can you open an account with Plus500?
• Deposit cash: how can you transfer and withdraw cash?
• Costs: just how much does trading expense on Plus500?
• Functionalities: what are the possibilities of the software application?
• Trading alternatives: in what securities you trade on Plus500?
• Support: what assistance do you receive when trading?
• Customer service: what is the quality of the client service? (costumer-service).
• Dependability: Is this broker dependable? (dependability).
• Info: more details about Plus500 (info).
• Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should first check out the Plus500 website. Click here * to open the Plus500 site. To create a complimentary demo account, you simply have to pick an email address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this info, you can instantly start trading. Plus500 Android App Download.

Plus500 accepts customers from the majority of countries. There are also citizenships 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 for that reason offer Plus500 a positive ranking for opening an account. Plus500 Android App Download.

 

Deposit & withdraw cash
When you have actually ended up being acquainted with the Plus500 platform, you can change to a real money account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by using one of these methods:

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

Prior to your deposit can be processed, you should validate your identity. Plus500 should adhere to legislation and can just get confirmed customers. By verifying brand-new costumers, Plus500 avoids customers from using the represent cash laundering.

We have actually gone through the entire process and submitted the needed files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you do not have to do it again. The length of this process depends on your individual situation and can be various for each customer.

 

Withdraw cash
You can withdraw the money into your account at any time. You can do this by moving the cash to your bank account or PayPal account. The transfer is made rapidly and the cash will remain in your account within a few days. Plus500 Android App Download.

 

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 cost for withdrawing cash. Traders can take advantage of as much as 5 totally free withdrawals a month, after which a fee will be sustained.

Plus500 Android App Download

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 deal costs. In this part of the review, we take an in-depth take a look at the fees of trading with Plus500. Below we briefly take a look at which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every deal. 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 continuously changed according to the marketplace spread during the duration a position is open vs. a Spread which does not generally alter in line with basic market variations while a position is open, but when the market is unpredictable and illiquid, may change to a brand-new level so that the underlying market conditions are much better shown. Nevertheless, Plus500 aims to provide the tightest possible spreads at all times. Plus500 Android App Download.

 

Forex costs on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in transaction charges 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 extracted these information 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 fairly advantageously fees 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 for that reason fairly useful 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 sell shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds 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 snapshot 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 total of the trading position yourself. Nevertheless, you do have to pay a premium for this.

With each security you will see the overnight financing buy and the overnight financing sell costs. Sometimes, you actually get a premium for short positions. We compared Plus500 with other celebrations for this review and the funding expenses were relatively low. Still, it is necessary to bear in mind that Plus500 is not very appropriate for long-term trading because of the funding costs you need to pay every day. Plus500 Android App Download.

 

Other expenses on Plus500
We have thoroughly examined the expenses for this evaluation, and we have actually not discovered any annoying hidden costs. However, you should guarantee that you log in to the platform at least when every 3 months. If you don’t do this, expenses for inactivity will be charged. This is the case with many brokers.

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

 

You can check all Fees 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 indicates 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. Plus500 Android App Download.

The following extra charges might be used:

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

Currency Conversion Fee – 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 web earnings and loss and shown in real time into the unrealised net profit and loss of an employment opportunity.

Inactivity Cost – A fee of approximately USD 10 per month will be levied, need to you not visit to your trading represent a period of a minimum of three months. This cost 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 amount 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 cost incurred in making the service offered, despite the fact that it has actually not been utilized. Nevertheless, please note that the charge is just collected from the Genuine Money account and only when there suffice available funds in the account. In order to avoid this cost, just 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 asked for rate (cost), the trade goes through a larger spread.

 

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

Plus500 Android App Download

Software & possibilities
When you start trading, we comprehend that you of course also want to use a great software package. With Plus500 trading is primarily done via the online WebTrader. A fantastic benefit of the WebTrader is the availability: you can visit to the platform at any time and from any location 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 discover the CFD in which you wish to trade. New consumers will therefore not need to search wish for purchase & sell buttons on Plus500. Plus500 Android App Download.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to keep in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never straight trade in 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 choices. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome with an increasing rate and when you sell the CFD you get a favorable outcome with a falling cost. Given that you use leverage there is a high threat of losing cash rapidly due to leverage.

 

The alternative to hypothesize on a declining price is a significant advantage within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to respond to various market scenarios.

 

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

In the order screen you can enter the quantity you want to trade with. You also have the option to immediately open or close the position after a particular rate has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Android App Download.

It is likewise possible to put an order with Plus500. You do this by entering a rate at which you automatically open the CFD position. By using orders, you can achieve even better trading results.

 

Take advantage of
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the exact same amount of cash. Both your possible revenue and your prospective loss boost when you apply utilize. With each security you can right away see what the maximum take advantage of is that you can apply.

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

 

Mobile application
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. Nonetheless, it works to also install the mobile application. With the app you can get warnings when the cost of a security reaches a certain value.

The mobile application is extremely easy to use and it is good to adjust your orders when market conditions change significantly. The mobile application is for that reason a strong point in our review of the Plus500 platform.

Plus500 Android App Download

Trading choices at Plus500
In this part of the evaluation we will go over the various types of securities you can trade in with Plus500.

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

Shares
On Plus500 you can likewise sell a comprehensive variety of CFD shares. The shares are neatly arranged by country, so you can quickly find a share to trade.

Commodities
It’s likewise possible to sell commodities by using CFDs. The most popular product for trading is oil. You can typically use a maximum utilize of as much as 1:20 to financial investments in basic materials. When you trade in gold you can use an utilize of 1:20.

Options
On Plus500 you can likewise trade in CFDs on choices. Alternatives frequently move strongly: an option can sometimes increase or fall in worth by tens of percent. With CFDs you can use a leverage of up to 1:20 to choices, which further increases your potential gains or losses.

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

Cryptocurrencies
At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really volatile and it can therefore be interesting to actively hypothesize on their rate developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Android App Download.

Conclusion on the trading alternatives at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified local stocks can often be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has actually therefore 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 graphs. Within the software you can use various illustration choices. You can draw horizontal levels to suggest price levels where the marketplace typically moves in the opposing instructions.

You can likewise add technical indications on the chart. The range of technical indications at Plus500 is huge. You can pick from more than 100 various options. It is wise to utilize technical indicators. By using technical signs, you can carry out better analyses.

The technical analysis choices within the Plus500 software are substantial. Nevertheless, it is bothersome that you can not conserve multiple charts. This means that you need to duplicate the analyzes routinely. Professional investors would need to download other programs to perform more complex analyses.

 

Research study and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these options are completely missing out on. There are no courses or webinars available at Plus500. This is a downside for individuals who join Plus500 to find out how to trade much better.

It works that you receive a notification within the Plus500 software application when intriguing advancements occur. When the cost of, for instance, oil falls greatly, you will receive a notice of this occasion. You can then decide on your own whether you want to take a position on the marketplace advancement. Plus500 Android App Download.

Within the Plus500 software you can likewise see how other users sell 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 out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

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

It is suggested to contact customer support through live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed almost right away.

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 straight to someone. Due to the fast processing time, Plus500 still ratings adequately in terms of customer support. Plus500 Android App Download.

 

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

Regulation
Supervisors make sure that brokers adhere to the guidelines. Plus500 is monitored by:

• Plus500UK Ltd licensed & managed 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial provider in South Africa, FSP # 47546.

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

Plus500 has actually also set numerous additional guidelines to make sure that your money is as secure as possible on Plus500. Below you can discover an overview of these measurements:

Plus500 will never ever speculate with consumers’ money. All funds are kept in a separate savings account, which suggests that this cash is protected when unanticipated things happen with Plus500. And last but not least, on Plus500 you are protected versus an unfavorable balance, since he Negative balance protection is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual debt. Plus500 Android App Download.

 

Conclusion dependability
Plus500 is 100% no scam. Plus500 securely handles client assets. The business is likewise monitored. Plus500 has been around because 2008 and is even listed on the London stock exchange. These are all good signs that Plus500 is reliable and we have actually pertained to that conclusion ourselves.

Plus500 Android App Download

About the business
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 performed 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 opened numerous extra offices in other countries. Do you wish to know more about the Plus500 business? In this post you will discover whatever you require to know!

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 utilizing the easy to use software. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by positioning orders on both rising and falling prices. Plus500 Android App Download.

Do you want to discover how Plus500 works? Right away open a complimentary demo-account by pressing the button below: