Plus500 Evaluation: our experience with this broker – Plus500.Com Contact
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to policies), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the current market developments at low rates. Plus500.Com Contact.
- At Plus500 you can hypothesize on rate developments at low rates.
- You can trade in an extensive range of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500.Com Contact.
- Plus500 does not supply innovative software application for professional traders.
- You can not find extensive analyses within the platform.
- Plus500 customer care is not available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without danger? Use the button below to open a demonstration account with this broker:
We talk about 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: how much does trading expense on Plus500?
- Performances: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what assistance do you get when trading?
- Customer service: what is the quality of the client service? (costumer-service).
- Reliability: Is this broker trusted? (dependability).
- Information: more details about Plus500 (info).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must first check out the Plus500 site. Click here * to open the Plus500 website. To create a free demo account, you simply have to pick an email address and a password. It is also possible to log in with your Facebook or Google account. After you have left this information, you can right away start trading. Plus500.Com Contact.
Plus500 accepts customers from most countries. However, there are likewise citizenships 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 for that reason offer Plus500 a positive score for opening an account. Plus500.Com Contact.
Deposit & withdraw cash
When you have actually ended up being knowledgeable about the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by utilizing among these methods:
- Bank transfer.
Prior to your deposit can be processed, you must confirm your identity. Plus500 should adhere to legislation and can just receive confirmed customers. By validating brand-new customers, Plus500 avoids clients from utilizing the represent cash laundering.
We’ve gone through the whole process and submitted the needed files. Our account was approved and launched by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this procedure depends upon your individual situation and can be different for each client.
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 quickly and the cash will remain in your account within a couple of days. Plus500.Com Contact.
On Plus500 there are no additional costs for transferring and withdrawing cash. This is a huge benefit of the broker Plus500: lots of other brokers charge a little fee for withdrawing cash. Traders can benefit from as much as 5 totally free withdrawals a month, after which a fee will be incurred.
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 costs. In this part of the review, we take a detailed take a look at the fees of trading with Plus500. Listed below we briefly analyze 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 price of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is continuously changed according to the marketplace spread during the period a position is open vs. a Spread which does not normally alter in line with general market variations while a position is open, but when the market is unpredictable and illiquid, may change to a new level so that the underlying market conditions are better shown. Plus500 intends to supply the tightest possible spreads at all times. Plus500.Com Contact.
Forex expenses on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other service 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 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 relatively advantageously charges 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 therefore relatively helpful at Plus500. (We have drawn out these information on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise sell 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 keep in mind 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. Due to the fact that you can trade on margin, you do not have 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 over night funding sell expenses. In some cases, you actually get a premium for short positions. We compared Plus500 with other parties for this evaluation and the funding costs were fairly low. Still, it is necessary to bear in mind that Plus500 is not really appropriate for long-term trading because of the funding costs you need to pay on a daily basis. Plus500.Com Contact.
Other expenses on Plus500
We have actually thoroughly investigated the expenses for this evaluation, and we have not discovered any frustrating concealed expenses. Nevertheless, you need to guarantee that you visit to the platform at least once every 3 months. If you do not do this, costs for lack of exercise 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? It is sensible to withdraw the money 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.Com Contact.
However, the following additional charges may be applied:
Overnight Financing – 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 financing time and the day-to-day overnight funding percentage can be found in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Cost will currently be up to 0.7% of the trade’s understood web earnings and loss and reflected in real time into the unrealised net revenue and loss of an employment opportunity.
Inactivity Cost – A fee of approximately USD 10 each month will be imposed, need to you not visit to your trading represent a duration of a minimum of 3 months. This fee 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 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 available, although it has actually not been used. Please note that the fee is just gathered from the Real Money account and only when there are sufficient offered funds in the account. In order to avoid this charge, simply log into your trading account from time to time, as this is considered sufficient activity to prevent a fee from being charged.
Surefire 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 is subject to a wider spread.
Conclusion Plus500 costs
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 article about the expenses on Plus500, we take a closer take a look at the numerous expenses you pay when you trade with Plus500.
Software & possibilities
When you start trading, we understand that you naturally likewise want to utilize an excellent software package. With Plus500 trading is generally done via the online WebTrader. A great advantage of the WebTrader is the accessibility: you can log in to the platform at any time and from any location to open or close a position.
What stuck out in our evaluation 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 browse wish for purchase & sell buttons on Plus500. Plus500.Com Contact.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is essential 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 difference between the rate 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 favorable result with a rising rate and when you offer the CFD you get a positive outcome with a falling cost. Since you utilize leverage there is a high danger of losing cash rapidly due to leverage.
The alternative to speculate on a decreasing cost is a major advantage within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to respond to various market scenarios.
Kind of orders
With Plus500 you can instantly open an order. When you press purchase or offer you will see the screen listed below:
In the order screen you can get in the amount you want to trade with. You likewise have the choice to automatically open or close the position after a specific rate has actually been reached. This makes it possible to secure you trades when you have to go out. Plus500.Com Contact.
It is likewise possible to place an order with Plus500. You do this by entering a rate at which you immediately open the CFD position. By utilizing orders, you can achieve even much better trading results.
With Plus500 you have the choice to use a leverage. With a lever you can take a larger position with the very same amount of money. Both your prospective revenue and your possible loss boost when you use utilize. With each security you can right away see what the optimum leverage is that you can use.
The presence of an utilize is a benefit in the review of Plus500. You can constantly choose to invest with smaller quantities if you want to reduce your danger.
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 comprehensive analyses with it. Nevertheless, it works to also set up the mobile application. With the app you can get warnings when the price of a security reaches a specific worth.
The mobile application is very user-friendly and it is excellent to change your orders when market conditions change considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Trading choices at Plus500
In this part of the evaluation we will talk about the different types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on rate changes in currency pairs. You can for instance place a trade on the advancement of the euro against the dollar.
On Plus500 you can likewise trade in an extensive variety of CFD shares. The shares are neatly sorted by country, so you can rapidly find a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can frequently apply a maximum leverage of as much as 1:20 to investments in raw materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on alternatives. Options typically move strongly: a choice can often rise or fall in value by tens of percent. With CFDs you can apply a leverage of up to 1:20 to choices, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on popular 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 popular cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively speculate on their rate developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Plus500.Com Contact.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide variety of tradable CFD securities. Even fairly unknown 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 very favorable.
Assistance & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can use various illustration alternatives. You can draw horizontal levels to suggest price levels where the market often moves in the opposing instructions.
You can likewise add technical signs on the graph. The series of technical signs at Plus500 is enormous. You can select from more than 100 various alternatives. It is smart to utilize technical indicators. By using technical indications, you can carry out much better analyses.
The technical analysis choices within the Plus500 software are extensive. However, it is troublesome that you can not conserve several graphs. This means that you have to repeat the analyzes frequently. Professional financiers would have to download other programs to perform more complex analyses.
Research and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these options are entirely missing out on. There are no courses or webinars readily available at Plus500. This is a disadvantage for individuals who join Plus500 to discover how to trade better.
It works that you get a notice within the Plus500 software application when fascinating advancements occur. When the cost of, for instance, oil falls sharply, you will get an alert of this event. You can then choose on your own whether you want to take a position on the market advancement. Plus500.Com Contact.
Within the Plus500 software application you can also 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 study and education in our viewpoint.
Plus500 has a comprehensive and fast customer care that is readily available in more than 30 languages. Your problems can be fixed rapidly in your language.
It is suggested to call 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 fixed practically 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 offered. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still ratings sufficiently in terms of client service. Plus500.Com Contact.
Security & reliability
Prior to you deposit money with a company, you naturally would like to know that it is completely safe to do so. In this part of the evaluation, we take a look at how trustworthy Plus500 is.
Supervisors guarantee that brokers adhere to the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & controlled by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial supplier 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 security fund. All customer funds are kept in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set several extra guidelines to guarantee that your cash is as secure as possible on Plus500. Below you can find an overview of these measurements:
Plus500 will never ever speculate with customers’ money. All funds are saved in a separate checking account, which means that this money is secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are secured against a negative balance, since he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted a recurring financial obligation. Plus500.Com Contact.
Plus500 is 100% no scam. Plus500 securely manages customer possessions. The business is likewise monitored. Plus500 has actually been around given that 2008 and is even noted on the London stock market. These are all great signs that Plus500 is dependable and we have actually come to that conclusion ourselves.
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 carried out over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have opened numerous additional offices in other nations. Do you wish to know more about the Plus500 business? In this post you will discover everything you need to know!
Conclusion review Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the user-friendly software application. On Plus500 you can trade at low rates. You also have the chance to react to altering market conditions by putting orders on both rising and falling costs. Plus500.Com Contact.
Do you want to find how Plus500 works? Right away open a free demo-account by pushing the button below: