Plus500 Evaluation: our experience with this broker – Plus500 Annual Report 2018
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to guidelines), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the most recent market developments at low rates. Plus500 Annual Report 2018.
Plus500 Annual Report 2018
- At Plus500 you can hypothesize on price advancements at low rates.
- You can sell a comprehensive variety of CFD shares.
- It is possible to try Plus500 for free with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Annual Report 2018.
- Plus500 does not supply innovative software application for expert traders.
- You can not discover extensive 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 totally free of charge and without risk? Utilize the button below to open a demonstration account with this broker:
Plus500 Annual Report 2018
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 deposit and withdraw money?
- Costs: just how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software application?
- Trading alternatives: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Client service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker trustworthy? (dependability).
- Info: more details about Plus500 (details).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially check out the Plus500 website. Click here * to open the Plus500 site. To produce a free demonstration account, you just have to choose an e-mail address and a password. It is likewise possible to log in with your Facebook or Google account. After you have left this info, you can instantly start trading. Plus500 Annual Report 2018.
Plus500 accepts consumers from the majority of nations. There are also nationalities 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 offer Plus500 a positive score for opening an account. Plus500 Annual Report 2018.
Deposit & withdraw money
When you have ended up being 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 using among these approaches:
- Bank transfer.
Before your deposit can be processed, you must verify your identity. Plus500 must abide by legislation and can just receive verified clients. By validating new customers, Plus500 prevents clients from utilizing the represent money laundering.
We have actually gone through the entire process and submitted the required documents. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it again. The length of this procedure depends on 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 money to your checking account or PayPal account. The transfer is made rapidly and the money will be in your account within a few days. Plus500 Annual Report 2018.
On Plus500 there are no extra costs for depositing and withdrawing money. This is a big advantage of the broker Plus500: many other brokers charge a little cost for withdrawing cash. Traders can make the most of approximately 5 totally free withdrawals a month, after which a cost will be incurred.
Plus500 Annual Report 2018
Review of the expenses of Plus500
When you begin trading with Plus500, you undoubtedly do not want a large part of your cash to be lost to high deal expenses. In this part of the review, we take a detailed look at the charges of trading with Plus500. Listed below we briefly take a look at which costs Plus500 passes on to its customers.
With Plus500 you pay a spread over every deal. The spread is the difference between the buy and sell rate of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the market spread throughout the duration a position is open vs. a Spread which does not usually change in line with general market variations while a position is open, however when the marketplace is unpredictable and illiquid, might alter to a new level so that the underlying market conditions are much better shown. Plus500 aims to offer the tightest possible spreads at all times. Plus500 Annual Report 2018.
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 costs on the pair of EUR/ USD. We compared these costs with those of other suppliers and concluded that these expenses are comparable to those of other brokers. (We have actually extracted these information on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively advantageously charges 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 therefore relatively useful at Plus500. (We have 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 presently pay a spread of $ 0.95, which equates to 0.12% of the overall value. 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.).
Funding costs at Plus500
With Plus500 you have the alternative to trade on margin. Since you can trade on margin, you do not have 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 financing buy and the over night funding offer expenses. Sometimes, you actually get a premium for short positions. We compared Plus500 with other celebrations for this review and the financing expenses were fairly low. Still, it is essential to remember that Plus500 is not very suitable for long-lasting trading because of the financing fees you need to pay daily. Plus500 Annual Report 2018.
Other costs on Plus500
We have actually extensively investigated the expenses for this evaluation, and we have not found any annoying concealed expenses. You must ensure that you log in to the platform at least when every three months. If you do not do this, expenses for inactivity will be charged. This holds true with most brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is sensible to withdraw the cash from your account.
You can inspect 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 means a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Annual Report 2018.
However, the following additional charges might be applied:
Overnight Financing – The overnight funding quantity 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 overnight funding percentage can be discovered in the “Particulars” link next to the instrument’s name on the primary 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 presently depend on 0.7% of the trade’s realised internet profit and loss and shown in real time into the unrealised net profit and loss of an open position.
Inactivity Cost – A charge of approximately USD 10 each month will be imposed, need to you not visit to your trading account for a duration of at least three months. This charge will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The inactivity fee will be equal to the lesser of the remaining available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the cost sustained in making the service offered, even though it has actually not been used. Please note that the cost is just collected from the Real Cash account and only when there are sufficient readily 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 enough activity to prevent a fee from being charged.
Guaranteed Stop Order – if you pick this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (price), the trade goes through a wider spread.
Conclusion Plus500 costs
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 short article about the costs on Plus500, we take a closer look at the different expenses you pay when you trade with Plus500.
Plus500 Annual Report 2018
Software application & possibilities
When you start trading, we understand that you obviously also wish to utilize a great software package. With Plus500 trading is mainly done via the online WebTrader. An excellent advantage of the WebTrader is the availability: you can log in 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 find the CFD in which you wish to trade. New clients will therefore not need to browse wish for buy & sell buttons on Plus500. Plus500 Annual Report 2018.
Opening a trade
Opening a trade with Plus500 is rather simple. It is necessary to remember that with Plus500 you always trade in CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your outcome is the difference in between the rate at which you open and close the position.
When you open a position, you have two 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 an increasing price and when you offer the CFD you get a favorable outcome with a falling rate. Given that you use utilize there is a high danger of losing money quickly due to utilize.
The alternative to speculate on a decreasing rate is a significant advantage within the Plus500 platform. The alternative to short 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 offer you will see the screen below:
In the order screen you can get in the amount you wish to trade with. You likewise have the choice to immediately open or close the position after a certain price has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Annual Report 2018.
It is also possible to put an order with Plus500. You do this by getting in a rate at which you automatically open the CFD position. By using orders, you can attain even much better trading results.
With Plus500 you have the alternative to apply a leverage. With a lever you can take a bigger position with the very same quantity of money. Both your possible profit and your possible loss increase when you use leverage. With each security you can instantly see what the optimum utilize is that you can use.
The presence of an utilize is an advantage in the review of Plus500. You can always decide to invest with smaller sized amounts if you want to reduce your risk.
On Plus500 you can also trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can carry out less substantial analyses with it. It is helpful to likewise install the mobile application. With the app you can get cautions when the cost of a security reaches a particular worth.
The mobile application is extremely easy to use and it is excellent to adjust your orders when market conditions alter significantly. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Annual Report 2018
Trading choices at Plus500
In this part of the evaluation we will discuss the various kinds of securities you can trade in with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on rate changes in currency sets. You can for example place a trade on the development of the euro against the dollar.
On Plus500 you can also sell a comprehensive series of CFD shares. The shares are neatly arranged by country, so you can quickly discover a share to trade.
It’s also possible to trade in commodities by utilizing CFDs. The most popular commodity for trading is oil. You can typically use a maximum utilize of up to 1:20 to financial investments in basic materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can likewise sell CFDs on options. Choices often move strongly: an option can in some cases rise or fall in value by 10s of percent. With CFDs you can use a leverage of up to 1:20 to alternatives, which further increases your potential 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.
At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their cost advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Annual Report 2018.
Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unidentified regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has actually for that reason been extremely positive.
Assistance & research
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software application you can use various illustration choices. You can draw horizontal levels to indicate price levels where the market typically relocates the opposing instructions.
You can likewise include technical indicators on the graph. The series of technical signs at Plus500 is huge. You can pick from more than 100 various alternatives. It is wise to use technical signs. By utilizing technical indicators, you can perform better analyses.
The technical analysis options within the Plus500 software are substantial. It is troublesome that you can not save numerous charts. This implies that you need to repeat the examines frequently. Professional investors would have to download other programs to perform 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 downside for individuals who join Plus500 to learn how to trade better.
It works that you receive a notice within the Plus500 software application when interesting advancements occur. When the rate of, for example, oil falls dramatically, you will get a notification of this event. You can then decide for yourself whether you want to take a position on the marketplace development. Plus500 Annual Report 2018.
Within the Plus500 software you can also 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 purchasers or sellers. Other basic data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has a thorough and fast client service that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is suggested to get in touch with customer care through live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved almost immediately.
It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still ratings adequately in regards to customer service. Plus500 Annual Report 2018.
Security & reliability
Before you transfer cash with a company, you naturally would like to know that it is entirely protected to do so. In this part of the evaluation, we look at how reputable Plus500 is.
Supervisors make sure that brokers adhere to the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd authorized & 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), accredited 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 delight in extra defense if Plus500 goes bankrupt. This is done through a so-called financier defense 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 likewise set numerous extra rules to ensure that your money is as safe as possible on Plus500. Below you can discover an overview of these measurements:
Plus500 will never hypothesize with customers’ cash. All funds are saved in a different checking account, which implies that this money is protected when unforeseen things occur with Plus500. And finally, on Plus500 you are protected versus a negative balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. Plus500 Annual Report 2018.
Plus500 is 100% no fraud. Plus500 safely manages consumer assets. The company is likewise monitored. Plus500 has been around because 2008 and is even noted on the London stock exchange. These are all excellent indications that Plus500 is trustworthy and we have come to that conclusion ourselves.
Plus500 Annual Report 2018
About the business
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active customers in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The head office of the company can be found in Israel, but they have actually opened a number of extra offices in other nations. Do you wish to know more about the Plus500 business? In this short article you will discover everything 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 user-friendly software. On Plus500 you can trade at low rates. You also have the chance to react to changing market conditions by placing orders on both rising and falling costs. Plus500 Annual Report 2018.
Do you want to discover how Plus500 works? Right away open a complimentary demo-account by pressing the button listed below:
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