Plus500 Day Trading

Plus500 Review: our experience with this broker – Plus500 Day Trading
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to guidelines), 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 most recent market advancements at low rates. Plus500 Day Trading.

Plus500 Day Trading

Advantage Plus500

  • At Plus500 you can speculate on price advancements at low rates.
  • You can sell a comprehensive range of CFD shares.
  • It is possible to try 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 start trading from $100. Plus500 Day Trading.

 

Disadvantages Plus500

  • Plus500 does not provide advanced software for professional traders.
  • You can not discover extensive analyses within the platform.
  • Plus500 customer service is not available by phone.
  • On Plus500 you can only trade in CFDs.

Would you like to try the possibilities at Plus500 with a demonstration entirely free of charge and without threat? Use the button below to open a demo account with this broker:

–>> Open Demo Account here <<–

Plus500 Day Trading

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?
  • Expenses: how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software application?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what assistance do you get when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Reliability: Is this broker reliable? (reliability).
  • Info: more details about Plus500 (info).
  • Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should initially go to the Plus500 site. Click on this link * to open the Plus500 website. To create a free demo account, you simply need to pick an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this details, you can instantly start trading. Plus500 Day Trading.

Plus500 Day Trading

Plus500 accepts clients from many countries. There are likewise nationalities 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 therefore give Plus500 a positive score for opening an account. Plus500 Day Trading.

 

Deposit & withdraw money
When you have become acquainted with the Plus500 platform, you can switch to a real money account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by utilizing one of these approaches:

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

Prior to your deposit can be processed, you must verify your identity. Plus500 must comply with legislation and can just get verified consumers. By verifying brand-new clients, Plus500 prevents customers from using the represent money laundering.

Plus500 Day Trading

We’ve gone through the entire process and published the needed documents. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it once again. The length of this procedure depends on your personal scenario and can be various for each costumer.

 

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 money will be in your account within a few days. Plus500 Day Trading.

Plus500 Day Trading

 

On Plus500 there are no extra expenses for depositing and withdrawing cash. This is a big benefit of the broker Plus500: many other brokers charge a small fee for withdrawing money. Traders can benefit from as much as 5 free withdrawals a month, after which a cost will be incurred.

–>> Open Demo Account here <<–

Plus500 Day Trading

Evaluation of the expenses of Plus500
When you start trading with Plus500, you undoubtedly do not desire a big part of your money to be lost to high transaction costs. In this part of the evaluation, we take an in-depth take a look at the costs of trading with Plus500. Listed below we briefly take a look at which costs Plus500 hands down to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell price of a CFD. Plus500 uses 2 spread systems for its instruments: Dynamic spread which is constantly changed according to the marketplace spread during the period a position is open vs. a Spread which does not typically alter in line with basic market fluctuations while a position is open, however when the market is unpredictable and illiquid, may change to a new level so that the underlying market conditions are much better reflected. Nonetheless, Plus500 intends to provide the tightest possible spreads at all times. Plus500 Day Trading.

 

Forex costs on Plus500
On Plus500 you can trade in different currency sets. At the time of composing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these costs 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 evaluation it emerged that at Plus500 you can trade against reasonably 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 contract. Trading cryptocurrencies is therefore relatively beneficial at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

Share costs on Plus500
At Plus500 you can likewise trade in 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 total 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.).

 

Financing costs at Plus500
With Plus500 you have the choice 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 over night funding buy and the over night funding sell expenses. In some cases, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were relatively low. Still, it is necessary to remember that Plus500 is not extremely suitable for long-term trading because of the financing fees you need to pay daily. Plus500 Day Trading.

 

Other expenses on Plus500
We have actually extensively investigated the costs for this evaluation, and we have not discovered any annoying surprise expenses. You should guarantee that you log in to the platform at least as soon as every 3 months. If you don’t do this, expenses for inactivity will be charged. This holds true with many brokers.

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

 

You can examine all Charges here:

Plus500 is generally compensated 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 Day Trading.

The following additional costs may be applied:

Overnight Funding – The overnight financing quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The over night funding time and the daily overnight funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the main screen of the platform.

Currency Conversion Fee – 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 Fee will presently depend on 0.7% of the trade’s understood internet revenue and loss and shown in real time into the unrealised net profit and loss of an employment opportunity.

Lack of exercise Charge – A charge of as much as USD 10 monthly will be imposed, need to you not log in to your trading account for a period of at least three months. This fee will be charged when a month from that minute onwards, as long as no login is made to the account. The lack of exercise charge will be equal to the lower of the remaining offered balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the expense sustained in making the service offered, although it has actually not been utilized. Please note that the charge is just gathered from the Genuine Cash account and just when there are adequate available funds in the account. In order to avoid this charge, merely log into your trading account from time to time, as this is deemed enough 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 requested rate (rate), the trade is subject to a wider spread.

 

Conclusion Plus500 charges
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 short article about the expenses on Plus500, we take a closer take a look at the numerous expenses you pay when you trade with Plus500.

Plus500 Day Trading

Software & possibilities
When you start trading, we understand that you obviously also want to utilize a good software package. With Plus500 trading is generally done through the online WebTrader. A fantastic benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any place to open or close a position.

What stood 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 consumers will for that reason not need to browse wish for purchase & offer buttons on Plus500. Plus500 Day Trading.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is essential to keep in mind that with Plus500 you always trade in CFDs. With Plus500 you never straight sell a share. The only thing that identifies your outcome is the distinction between the cost at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with an increasing cost and when you offer the CFD you get a favorable outcome with a falling cost. Because you use utilize there is a high risk of losing money rapidly due to leverage.

 

The alternative to speculate on a decreasing price is a significant benefit within the Plus500 platform. The choice to short sell increases your flexibility and makes it possible to react to different market circumstances.

 

Kind of orders
With Plus500 you can immediately open an order. When you push purchase or offer you will see the screen below:

Plus500 Day Trading

In the order screen you can go into the amount you wish to trade with. You also have the option to instantly open or close the position after a specific cost has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Day Trading.

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

Plus500 Day Trading

 

Leverage
With Plus500 you have the choice to apply a leverage. With a lever you can take a bigger position with the exact same amount of cash. Both your prospective earnings and your possible loss increase when you apply take advantage of. With each security you can immediately see what the optimum leverage is that you can apply.

The presence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly decide to invest with smaller amounts if you want to decrease your threat.

 

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

The mobile application is very user-friendly and it is excellent to adjust your orders when market conditions change considerably. The mobile application is for that reason a strength in our review of the Plus500 platform.

Plus500 Day Trading

Trading alternatives at Plus500
In this part of the review we will go over the different types of securities you can sell with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency sets. You can for instance location a trade on the advancement of the euro against the dollar.

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

Commodities
It’s also possible to trade in commodities by utilizing CFDs. The most popular product for trading is oil. You can typically use an optimum utilize of approximately 1:20 to financial investments in raw materials. When you trade in gold you can apply an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Choices often move strongly: an alternative can sometimes increase or fall in worth by tens of percent. With CFDs you can use a leverage of as much as 1:20 to alternatives, which further increases your possible gains or losses.

Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively speculate on their rate advancements. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Day Trading.


Conclusion on the trading alternatives at Plus500

Plus500 has a vast array of tradable CFD securities. Even reasonably unidentified regional stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has for that reason been very favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize different illustration choices. You can draw horizontal levels to suggest price levels where the market frequently relocates the opposing direction.

Plus500 Day Trading

You can likewise include technical indications on the graph. The series of technical indicators at Plus500 is huge. You can choose from more than 100 different alternatives. It is wise to utilize technical indicators. By using technical indications, you can execute better analyses.

Plus500 Day Trading

The technical analysis alternatives within the Plus500 software application are extensive. It is inconvenient that you can not save several graphs. This suggests that you have to duplicate the examines frequently. Professional investors would have to download other programs to perform more complex analyses.

 

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

It is useful that you receive an alert within the Plus500 software when interesting developments take place. When the price of, for instance, oil falls sharply, you will get a notice of this event. You can then choose on your own whether you wish to take a position on the market development. Plus500 Day Trading.

Within the Plus500 software 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 purchasers or sellers. Other essential data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.

 

Client service
Plus500 has an extensive and quick client service that is available in more than 30 languages. Your issues can be fixed quickly in your language.

It is suggested to call client service via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved almost instantly.

It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no phone number is readily available. This makes it difficult to speak directly to someone. Due to the quick processing time, Plus500 still ratings adequately in regards to customer support. Plus500 Day Trading.

Plus500 Day Trading

 

Security & reliability
Before you transfer money with a company, you naturally need to know that it is completely secure to do so. In this part of the evaluation, we take a look at how trusted Plus500 is.

Guideline
Supervisors make sure that brokers abide by the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & managed by the FCA (# 509909).
  • Plus500CY Ltd licensed & controlled by the CySEC (# 250/14).
  • Plus500SG Pte Ltd, licensed 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; authorized monetary service provider in South Africa, FSP # 47546.

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

Plus500 has actually likewise set numerous additional rules to make sure that your cash is as protected as possible on Plus500. Listed below you can discover an introduction of these measurements:

Plus500 Day Trading

Plus500 will never ever hypothesize with clients’ cash. All funds are saved in a separate bank account, which means that this cash is secure when unanticipated things happen with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, since he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a recurring debt. Plus500 Day Trading.

 

Conclusion reliability
Plus500 is 100% no fraud. Plus500 firmly manages consumer possessions. The business is likewise supervised. Plus500 has been around because 2008 and is even noted on the London stock exchange. These are all good signs that Plus500 is trusted and we have come to that conclusion ourselves.

Plus500 Day Trading

About the business
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 customers in 2019. Plus500 performed over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be found in Israel, however they have opened several extra offices in other nations. Do you wish to know more about the Plus500 business? In this article you will find everything you require to understand!

Plus500 Day Trading

Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software. On Plus500 you can trade at low rates. You also have the chance to respond to changing market conditions by putting orders on both rising and falling rates. Plus500 Day Trading.

Do you wish to discover how Plus500 works? Then instantly open a complimentary demo-account by pushing the button listed below:

 

–>> Open Demo Account here <<–

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

 

 

 

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