Plus500 Review: our experience with this broker – Plus500 Annual Report 2018
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive 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 Annual Report 2018.
Plus500 Annual Report 2018
- At Plus500 you can hypothesize on rate advancements at low rates.
- You can sell a comprehensive range of CFD shares.
- It is possible to attempt Plus500 totally free with a demo.
- On Plus500 you can use the user-friendly web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Annual Report 2018.
- Plus500 does not supply sophisticated software application for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 customer service is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without danger? Utilize the button below to open a demo account with this broker:
Plus500 Annual Report 2018
We discuss the following topics 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 application?
- Trading choices: in what securities you trade on Plus500?
- Assistance: what assistance do you get when trading?
- Customer service: what is the quality of the customer service? (costumer-service).
- Reliability: Is this broker trustworthy? (dependability).
- Information: more info about Plus500 (information).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you need to initially check out the Plus500 site. Click here * to open the Plus500 site. To create a free demo account, you simply need to choose 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 info, you can immediately begin trading. Plus500 Annual Report 2018.
Plus500 accepts consumers from most nations. Nevertheless, there are likewise nationalities that are not confessed to Plus500. Traders from for example, 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 review, we therefore give Plus500 a favorable ranking for opening an account. Plus500 Annual Report 2018.
Deposit & withdraw money
When you have actually become acquainted with the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing among these approaches:
- Bank transfer.
Before your deposit can be processed, you need to validate your identity. Plus500 should adhere to legislation and can just get validated consumers. By validating new clients, Plus500 prevents customers from utilizing the account for money laundering.
We have actually gone through the whole procedure and uploaded the required documents. Our account was authorized and launched by Plus500 within an hour. After confirming the identity of your account, you do not need to do it once again. The length of this procedure depends upon your personal scenario and can be different for each customer.
You can withdraw the cash 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 rapidly and the cash will be in your account within a few days. Plus500 Annual Report 2018.
On Plus500 there are no additional expenses for depositing and withdrawing money. This is a huge advantage of the broker Plus500: numerous other brokers charge a little cost for withdrawing money. Traders can make the most of up to 5 totally free withdrawals a month, after which a fee will be incurred.
Plus500 Annual Report 2018
Review of the costs of Plus500
When you begin trading with Plus500, you certainly do not desire a big part of your cash to be lost to high deal expenses. In this part of the review, we take an in-depth look at the charges of trading with Plus500. Listed below we briefly take a look at which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell rate of a CFD. Plus500 uses two spread systems for its instruments: Dynamic spread which is constantly changed according to the marketplace spread throughout the duration a position is open vs. a Spread which does not normally alter in line with basic market variations while a position is open, but when the marketplace is volatile and illiquid, might alter to a new level so that the underlying market conditions are much better reflected. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Annual Report 2018.
Forex expenses on Plus500
On Plus500 you can sell different currency pairs. At the time of writing, you are paying 0.6 pips in deal fees 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 drawn out these information 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 against relatively 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 agreement. Trading cryptocurrencies is therefore reasonably beneficial at Plus500. (We have actually drawn out 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 relates to 0.12% of the overall 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.).
Financing costs at Plus500
With Plus500 you have the option to trade on margin. Since you can trade on margin, you do not need 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 financing buy and the overnight funding offer costs. In many cases, you in fact get a premium for brief positions. We compared Plus500 with other celebrations for this review and the financing costs were relatively low. Still, it is essential to keep in mind that Plus500 is not very suitable for long-lasting trading because of the financing fees you have to pay daily. Plus500 Annual Report 2018.
Other expenses on Plus500
We have extensively examined the expenses for this review, and we have actually not discovered any annoying covert costs. However, you must make sure that you visit to the platform at least as soon as every three months. If you don’t do this, costs for inactivity will be charged. This holds true with the majority of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is wise to withdraw the money from your account.
You can inspect all Costs here:
Plus500 is mainly compensated for its services through the “market spread”. For example, 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 also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Annual Report 2018.
The following additional fees may be used:
Overnight Financing – The overnight funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night financing time and the day-to-day overnight funding portion can be found in the “Particulars” 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 different to the currency of your account.
The Currency Conversion Cost 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 open position.
Lack of exercise Charge – A charge of as much as USD 10 per month will be imposed, need to you not log in to your trading account for a period of a minimum of three months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The inactivity 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 offset the cost incurred in making the service available, although it has not been utilized. However, please note that the charge is just collected from the Real Money account and only when there suffice available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered adequate activity to prevent a cost 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 (price), the trade undergoes a broader 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 post about the costs on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.
Plus500 Annual Report 2018
Software & possibilities
When you start trading, we understand that you of course likewise wish to use a good software package. With Plus500 trading is primarily done by means of the online WebTrader. A great benefit of the WebTrader is the accessibility: you can log in to the platform at any time and from any place 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 quickly discover the CFD in which you want to trade. New clients will therefore not need to search wish for purchase & sell buttons on Plus500. Plus500 Annual Report 2018.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is necessary 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 result is the distinction between the cost 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 an increasing rate and when you offer the CFD you get a favorable result with a falling rate. Considering that you utilize leverage there is a high risk of losing cash quickly due to take advantage of.
The alternative to hypothesize on a decreasing price is a significant benefit within the Plus500 platform. The option to short sell increases your flexibility and makes it possible to react to various market scenarios.
Kind of orders
With Plus500 you can right away open an order. When you push purchase or sell you will see the screen below:
In the order screen you can go into the quantity you wish to trade with. You also have the alternative to automatically open or close the position after a particular cost has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Annual Report 2018.
It is likewise possible to place an order with Plus500. You do this by going into a price at which you instantly open the CFD position. By utilizing orders, you can attain even much better trading outcomes.
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 money. Both your prospective revenue and your prospective loss increase when you apply take advantage of. With each security you can instantly see what the maximum leverage is that you can apply.
The presence of a leverage is a benefit in the review of Plus500. You can constantly decide to invest with smaller quantities if you wish to lower your risk.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. Nevertheless, it works to also set up the mobile application. With the app you can receive cautions when the price of a security reaches a certain value.
The mobile application is really user-friendly and it is great to change your orders when market conditions alter considerably. The mobile application is therefore a strong point in our evaluation of the Plus500 platform.
Plus500 Annual Report 2018
Trading options at Plus500
In this part of the review we will talk about the different types of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on rate modifications in currency sets. You can for example place a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial series of CFD shares. The shares are neatly sorted by nation, so you can rapidly find a share to trade.
It’s also possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can frequently apply a maximum leverage of as much as 1:20 to investments in basic materials. When you sell gold you can use an utilize of 1:20.
On Plus500 you can also trade in CFDs on alternatives. Choices often move highly: a choice can sometimes increase or fall in value by tens of percent. With CFDs you can apply an utilize of approximately 1:20 to choices, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can also sell CFDs on widely known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very unstable and it can for that reason be interesting to actively hypothesize on their rate developments. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Annual Report 2018.
Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unknown local stocks can typically be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has actually therefore been very positive.
Support & research
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can use various illustration choices. You can draw horizontal levels to indicate price levels where the market frequently relocates the opposing instructions.
You can also add technical signs on the chart. The variety of technical indications at Plus500 is massive. You can pick from more than 100 different alternatives. It is a good idea to utilize technical indicators. By using technical indications, you can execute better analyses.
The technical analysis options within the Plus500 software application are comprehensive. Nevertheless, it is troublesome that you can not save multiple graphs. This suggests that you need to repeat the evaluates frequently. 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 choices are completely missing out on. There are no courses or webinars readily available at Plus500. This is a drawback for individuals who sign up with Plus500 to discover how to trade better.
It works that you get a notification within the Plus500 software application when intriguing developments take place. When the price of, for example, oil falls sharply, you will receive a notice of this occasion. You can then decide on your own whether you want to take a position on the market advancement. Plus500 Annual Report 2018.
Within the Plus500 software application you can likewise 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 buyers or sellers. Other fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has a comprehensive and fast customer service that is available in more than 30 languages. Your problems can be fixed quickly in your language.
It is suggested to call client service by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be resolved almost right away.
It is also possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no telephone number is offered. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still scores sufficiently in regards to client service. Plus500 Annual Report 2018.
Security & dependability
Before you deposit cash with a business, you naturally would like to know that it is totally protected to do so. In this part of the review, we take a look at how trustworthy Plus500 is.
Supervisors make sure that brokers stick to the rules. Plus500 is supervised by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd authorized & controlled 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; licensed financial company in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you take pleasure in extra protection if Plus500 goes bankrupt. This is done through a so-called financier protection fund. All client funds are held in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set a number of additional rules to make sure that your cash is as safe as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever hypothesize with consumers’ money. All funds are kept in a different checking account, which means that this money is safe when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, due to the fact that he Unfavorable balance protection is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Annual Report 2018.
Plus500 is 100% no scam. Plus500 firmly manages client properties. The business is likewise supervised. Plus500 has been around given that 2008 and is even noted on the London stock exchange. These are all excellent indications that Plus500 is reliable and we have actually come to that conclusion ourselves.
Plus500 Annual Report 2018
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 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, however they have opened several additional workplaces in other nations. Do you need to know more about the Plus500 company? In this article you will discover whatever you need to know!
Conclusion evaluation Plus500
Plus500 is one of 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 respond to changing market conditions by positioning orders on both rising and falling rates. Plus500 Annual Report 2018.
Do you want to discover how Plus500 works? Then right away open a free demo-account by pressing the button below: