Plus500 Review: our experience with this broker – Plus500 Contact Details South Africa
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 user-friendly broker where you can respond to the most recent market advancements at low rates. Plus500 Contact Details South Africa.

Plus500 Contact Details South Africa

Benefit Plus500

• At Plus500 you can hypothesize on price advancements at low rates.
• You can trade in a comprehensive series of CFD shares.
• It is possible to try Plus500 free of charge with a demo.
• On Plus500 you can utilize the user-friendly web trader.
• Plus500 offers its services in more than 30 different languages.
• On Plus500 you can begin trading from $100. Plus500 Contact Details South Africa.

 

Drawbacks Plus500

• Plus500 does not supply sophisticated software for expert traders.
• You can not discover substantial analyses within the platform.
• Plus500 customer service is not offered by phone.
• On Plus500 you can just sell CFDs.

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

Plus500 Contact Details South Africa

We go over 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 cost on Plus500?
• Performances: what are the possibilities of the software application?
• Trading options: in what securities you trade on Plus500?
• Support: what support do you receive when trading?
• Costumer service: what is the quality of the customer service? (costumer-service).
• Reliability: Is this broker dependable? (reliability).
• Info: more information about Plus500 (details).
• Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you need to first visit the Plus500 website. Click on this link * to open the Plus500 website. To develop a totally free demonstration account, you simply need 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 info, you can instantly start trading. Plus500 Contact Details South Africa.

Plus500 accepts clients from most nations. There are likewise nationalities that are not admitted 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 evaluation, we therefore provide Plus500 a positive score for opening an account. Plus500 Contact Details South Africa.

 

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

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

Before your deposit can be processed, you need to confirm your identity. Plus500 needs to comply with legislation and can only get confirmed consumers. By confirming brand-new costumers, Plus500 prevents clients from utilizing the represent cash laundering.

We’ve gone through the entire 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 don’t have to do it once again. The length of this process depends on your individual situation 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 moving the money 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 Contact Details South Africa.

 

On Plus500 there are no additional expenses for depositing and withdrawing money. This is a huge benefit of the broker Plus500: numerous other brokers charge a small cost for withdrawing cash. Traders can make the most of up to 5 free withdrawals a month, after which a fee will be incurred.

Plus500 Contact Details South Africa

Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not want a big part of your money to be lost to high deal costs. In this part of the evaluation, we take a comprehensive take a look at the costs of trading with Plus500. Listed below we briefly analyze which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell rate of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread during the duration a position is open vs. a Spread which does not usually change in line with general market changes while a position is open, but when the market is volatile and illiquid, may change to a brand-new level so that the underlying market conditions are much better reflected. Nevertheless, Plus500 aims to supply the tightest possible spreads at all times. Plus500 Contact Details South Africa.

 

Forex costs on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in deal charges 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 actually 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 against fairly advantageously fees 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 fairly helpful at Plus500. (We have actually extracted these information on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise trade in shares by utilizing 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 keep in mind that this is a snapshot on April 20, 2020 at 13:00.).

 

Financing 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 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 over night funding sell costs. Sometimes, you actually receive a premium for short positions. We compared Plus500 with other celebrations for this review and the funding expenses were fairly low. Still, it is necessary to bear in mind that Plus500 is not very suitable for long-lasting trading because of the funding costs you need to pay every day. Plus500 Contact Details South Africa.

 

Other expenses on Plus500
We have extensively examined the expenses for this evaluation, and we have not found any frustrating hidden costs. However, you should ensure that you log in to the platform at least once every three months. If you don’t do this, expenses for lack of exercise will be charged. This is the case with the majority of brokers.

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

 

You can inspect all Charges 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 suggests a market spread of 0.6 pips, in this example). Unlike other service providers who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Contact Details South Africa.

Nevertheless, the following extra costs might be applied:

Overnight Funding – The overnight financing amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The over night financing time and the daily over night financing percentage can be discovered in the “Details” 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 various to the currency of your account.
The Currency Conversion Cost will presently be up to 0.7% of the trade’s understood internet profit and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.

Inactivity Charge – A fee of approximately USD 10 per month will be levied, should you not visit to your trading represent a duration of at least three months. This fee will be charged once a month from that moment onwards, as long as no login is made to the account. The inactivity fee will amount to the lower of the staying available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense incurred in making the service offered, although it has not been utilized. Please note that the cost is just gathered from the Real Money account and just when there are sufficient readily available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is considered enough activity to prevent a charge from being charged.

Guaranteed Stop Order – if you select this function, please note that as it ensures that your position (trade) closes at a specific requested rate (rate), the trade undergoes a larger 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 article about the costs on Plus500, we take a closer look at the different expenses you pay when you trade with Plus500.

Plus500 Contact Details South Africa

Software & possibilities
When you start trading, we comprehend that you naturally likewise wish to use a great software package. With Plus500 trading is generally done via the online WebTrader. A terrific benefit 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 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 want to trade. New clients will for that reason not need to browse wish for buy & offer buttons on Plus500. Plus500 Contact Details South Africa.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is essential to bear in mind that with Plus500 you always trade in CFDs. With Plus500 you never directly trade in a share. The only thing that determines your result is the distinction in between the price 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 purchase the CFD you get a favorable result with an increasing cost and when you sell the CFD you get a favorable outcome with a falling cost. Given that you utilize leverage there is a high risk of losing money rapidly due to utilize.

 

The alternative to hypothesize on a decreasing price is a significant advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to various market circumstances.

 

Type 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 enter the amount you want to trade with. You also have the alternative to instantly open or close the position after a specific rate has been reached. This makes it possible to protect you trades when you need to go out. Plus500 Contact Details South Africa.

It is also possible to put an order with Plus500. You do this by entering a price at which you instantly open the CFD position. By utilizing orders, you can accomplish even better trading outcomes.

 

Utilize
With Plus500 you have the option to use an utilize. With a lever you can take a larger position with the very same amount of money. Both your possible earnings and your possible loss increase when you apply leverage. With each security you can instantly see what the maximum utilize is that you can apply.

The presence of a take advantage of is a benefit in the evaluation of Plus500. You can always choose to invest with smaller sized quantities if you want to reduce your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. You can perform less substantial analyses with it. Nonetheless, it is useful to likewise set up the mobile application. With the app you can receive cautions when the price of a security reaches a specific value.

The mobile application is very easy to use and it is good to change your orders when market conditions alter substantially. The mobile application is therefore a strength in our evaluation of the Plus500 platform.

Plus500 Contact Details South Africa

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

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you speculate on price modifications in currency sets. You can for instance location 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 neatly arranged by nation, so you can quickly discover a share to trade.

Commodities
It’s also possible to sell commodities by using CFDs. The most popular product for trading is oil. You can typically use a maximum 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 also trade in CFDs on options. Options frequently move strongly: an alternative can often rise or fall in worth by 10s of percent. With CFDs you can use a leverage of up to 1:20 to options, which even more 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 trade in the Dow Jones or NASDAQ index trackers.

Cryptocurrencies
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely volatile and it can for that reason be interesting to actively speculate on their price advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Contact Details South Africa.

Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unknown local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all nations. My experience with Plus50 has therefore been very favorable.

 

Assistance & research study
In this part of the review, we investigate how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize various illustration choices. You can draw horizontal levels to suggest price levels where the market frequently relocates the opposing instructions.

You can likewise include technical indicators on the chart. The variety of technical signs at Plus500 is massive. You can select from more than 100 different choices. It is a good idea to utilize technical signs. By using technical signs, you can execute much better analyses.

The technical analysis choices within the Plus500 software application are comprehensive. However, it is inconvenient that you can not save multiple graphs. This implies that you need to repeat the evaluates frequently. Professional financiers would need to download other programs to carry out more complex analyses.

 

Research study and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these options are totally missing. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who sign up with Plus500 to learn how to trade better.

It works that you get an alert within the Plus500 software application when fascinating developments happen. When the cost of, for example, oil falls greatly, you will get an alert of this event. You can then choose for yourself whether you want to take a position on the market advancement. Plus500 Contact Details South Africa.

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 buyers or sellers. Other essential information is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.

 

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

It is advised to get in touch with client service through live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be solved practically immediately.

It is also possible to email Plus500. Mails are often responded to within a day. It is a pity that no phone number is readily available. This makes it impossible to speak directly to someone. Due to the quick processing time, Plus500 still ratings sufficiently in regards to customer care. Plus500 Contact Details South Africa.

 

Security & dependability
Prior to you transfer cash with a company, you naturally want to know that it is completely protected to do so. In this part of the evaluation, we look at how dependable Plus500 is.

Regulation
Supervisors make sure that brokers comply with the rules. Plus500 is monitored by:

• Plus500UK Ltd authorized & regulated by the FCA (# 509909).
• Plus500CY Ltd authorized & 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), 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 citizenship, you take pleasure in additional defense if Plus500 goes bankrupt. This is done through a so-called financier defense fund. All client funds are held in a segregated customer checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually also set several additional guidelines to guarantee that your cash is as safe as possible on Plus500. Below you can find an overview of these measurements:

Plus500 will never speculate with consumers’ money. All funds are saved in a separate checking account, which implies that this money is protected when unanticipated things happen with Plus500. And last but not least, on Plus500 you are protected against a negative balance, due to the fact that he Unfavorable balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring debt. Plus500 Contact Details South Africa.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 safely manages customer possessions. The company is likewise monitored. Plus500 has been around since 2008 and is even noted on the London stock exchange. These are all good indications that Plus500 is trusted and we have come to that conclusion ourselves.

Plus500 Contact Details South Africa

About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 executed over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, but they have opened a number of additional workplaces in other countries. Do you would like to know more about the Plus500 business? In this post you will discover everything you require to understand!

Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the easy to use software application. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to changing market conditions by putting orders on both rising and falling prices. Plus500 Contact Details South Africa.

Do you want to find how Plus500 works? Immediately open a totally free demo-account by pushing the button listed below: