Plus500 Evaluation: our experience with this broker – Plus500 Fibonacci Tool
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can react to the current market developments at low rates. Plus500 Fibonacci Tool.
Plus500 Fibonacci Tool
- At Plus500 you can hypothesize on price advancements at low rates.
- You can sell a substantial series of CFD shares.
- It is possible to attempt Plus500 for free with a demo.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Fibonacci Tool.
- Plus500 does not offer innovative software application for professional traders.
- You can not find substantial analyses within the platform.
- Plus500 customer care is not offered by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demo entirely free of charge and without threat? Use the button below to open a demonstration account with this broker:
Plus500 Fibonacci Tool
We talk about the following topics in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you deposit and withdraw money?
- Costs: how much does trading expense on Plus500?
- Performances: what are the possibilities of the software application?
- Trading options: in what securities you trade on Plus500?
- Assistance: what support do you get when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker reputable? (dependability).
- 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 site. Click on this link * to open the Plus500 site. To develop a totally free demo account, you simply need to choose an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this information, you can instantly begin trading. Plus500 Fibonacci Tool.
Plus500 accepts customers from many nations. There are also 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 positive rating for opening an account. Plus500 Fibonacci Tool.
Deposit & withdraw money
When you have actually become acquainted with the Plus500 platform, you can change to a genuine money 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.
Prior to your deposit can be processed, you should validate your identity. Plus500 should abide by legislation and can only get verified clients. By verifying new customers, Plus500 avoids customers from using the represent money laundering.
We’ve gone through the entire procedure and published the needed documents. Our account was approved and released by Plus500 within an hour. After confirming the identity of your account, you do not need to do it again. The length of this procedure depends on your individual circumstance and can be different for each client.
You can withdraw the money into your account at any time. You can do this by transferring the cash to your checking account or PayPal account. The transfer is made quickly and the cash will remain in your account within a couple of days. Plus500 Fibonacci Tool.
On Plus500 there are no additional costs for transferring and withdrawing cash. This is a huge advantage of the broker Plus500: numerous other brokers charge a small fee for withdrawing money. Traders can benefit from up to 5 free withdrawals a month, after which a charge will be incurred.
Plus500 Fibonacci Tool
Review of the costs of Plus500
When you begin trading with Plus500, you obviously do not desire a big part of your money to be lost to high transaction expenses. In this part of the evaluation, we take an in-depth look at the fees of trading with Plus500. Below we briefly analyze which costs Plus500 passes on to its customers.
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell rate of a CFD. Plus500 provides 2 spread systems for its instruments: Dynamic spread which is continuously changed according to the market spread out throughout the period a position is open vs. a Spread which does not usually alter in line with general market fluctuations while a position is open, but when the marketplace is unstable and illiquid, may change to a brand-new level so that the underlying market conditions are better shown. Nevertheless, Plus500 aims to supply the tightest possible spreads at all times. Plus500 Fibonacci Tool.
Forex expenses on Plus500
On Plus500 you can trade in various currency sets. At the time of writing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other suppliers 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 costs on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our evaluation 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 agreement. Trading cryptocurrencies is for that reason fairly beneficial at Plus500. (We have actually extracted 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 currently 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 photo 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 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 overnight financing buy and the over night funding sell expenses. Sometimes, you actually get a premium for brief positions. We compared Plus500 with other parties for this review and the funding expenses were reasonably low. Still, it is important to remember that Plus500 is not extremely suitable for long-lasting trading because of the funding fees you have to pay every day. Plus500 Fibonacci Tool.
Other costs on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have not discovered any annoying surprise costs. Nevertheless, you must make sure that you log in to the platform a minimum of as soon as every 3 months. If you do not do this, expenses for inactivity will be charged. This is the case with the majority of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? Then it is wise to withdraw the cash from your account.
You can check all Costs here:
Plus500 is generally compensated for its services through the “market spread”. For instance, 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 also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Fibonacci Tool.
Nevertheless, the following extra fees may be applied:
Overnight Funding – The over night financing amount is either added 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 financing portion can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.
Currency Conversion Charge – 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 Fee will presently depend on 0.7% of the trade’s realised internet profit and loss and reflected in real time into the unrealised net profit and loss of an open position.
Inactivity Charge – A fee of approximately USD 10 per month will be imposed, should you not log in to your trading account for a duration of at least three months. This charge will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity charge will amount to the lower of the remaining offered balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense sustained in making the service readily available, although it has not been used. However, please note that the fee is just collected from the Real Money account and only when there suffice offered funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is deemed adequate activity to prevent a charge from being charged.
Guaranteed Stop Order – if you choose this feature, please note that as it guarantees that your position (trade) closes at a specific asked for rate (rate), 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 numerous costs you pay when you trade with Plus500.
Plus500 Fibonacci Tool
Software & possibilities
When you start trading, we comprehend that you of course also want to utilize a great software package. With Plus500 trading is generally done via the online WebTrader. A great advantage of the WebTrader is the ease of access: you can log in to the platform at any time and from any place to open or close a position.
What stood out in our review was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly find the CFD in which you wish to trade. New customers will therefore not have to browse wish for purchase & sell buttons on Plus500. Plus500 Fibonacci Tool.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your outcome is the difference in between the cost at which you open and close the position.
When you open a position, you have two options. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome with a rising rate and when you offer the CFD you get a favorable result with a falling cost. Considering that you use utilize there is a high danger of losing cash rapidly due to leverage.
The choice to hypothesize on a declining rate is a significant benefit within the Plus500 platform. The alternative to short sell increases your versatility and makes it possible to react to various market scenarios.
Type of orders
With Plus500 you can immediately open an order. When you press buy or offer you will see the screen below:
In the order screen you can get in the quantity you want to trade with. You also have the option to automatically open or close the position after a certain cost has been reached. This makes it possible to protect you trades when you need to go out. Plus500 Fibonacci Tool.
It is also possible to put an order with Plus500. You do this by entering a price at which you immediately open the CFD position. By using orders, you can achieve even better trading outcomes.
Take advantage of
With Plus500 you have the choice to use a take advantage of. With a lever you can take a bigger position with the exact same amount of cash. Both your potential revenue and your possible loss boost when you apply leverage. With each security you can instantly see what the optimum take advantage of is that you can apply.
The existence of a take advantage of is a benefit in the review of Plus500. You can always choose to invest with smaller quantities if you wish to reduce your risk.
On Plus500 you can also trade with the mobile application they use. The mobile application is less comprehensive than the WebTrader. You can perform less substantial analyses with it. Nevertheless, it is useful to likewise set up the mobile application. With the app you can receive warnings when the price of a security reaches a certain worth.
The mobile application is very easy to use and it is great to change your orders when market conditions change significantly. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 Fibonacci Tool
Trading options at Plus500
In this part of the evaluation we will go over the various kinds 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 location a trade on the development of the euro against the dollar.
On Plus500 you can also trade in an extensive variety of CFD shares. The shares are neatly arranged by country, so you can quickly discover a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular product for trading is oil. You can typically apply a maximum utilize of as much as 1:20 to financial investments in raw materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Alternatives often move strongly: an option can sometimes increase or fall in worth by tens of percent. With CFDs you can apply a leverage of as much as 1:20 to alternatives, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance 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 hypothesize on their price developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Fibonacci Tool.
Conclusion on the trading options at Plus500
Plus500 has a vast array of tradable CFD securities. Even relatively unknown regional stocks can often be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has for that reason been really favorable.
Assistance & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software application you can use different drawing alternatives. You can draw horizontal levels to show price levels where the marketplace frequently relocates the opposing instructions.
You can also include technical indicators on the chart. The series of technical indications at Plus500 is enormous. You can select from more than 100 different options. It is smart to utilize technical indicators. By utilizing technical indications, you can execute better analyses.
The technical analysis alternatives within the Plus500 software are substantial. It is bothersome that you can not conserve multiple graphs. This implies that you need to repeat the examines routinely. Professional investors would need to download other programs to carry out more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research and education: at Plus500 these alternatives are totally missing out on. There are no courses or webinars readily available at Plus500. This is a disadvantage for people who join Plus500 to discover how to trade better.
It works that you get a notice within the Plus500 software when intriguing advancements occur. When the price of, for instance, oil falls greatly, you will receive an alert of this occasion. You can then decide for yourself whether you want to take a position on the market development. Plus500 Fibonacci Tool.
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 essential information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a detailed and fast customer care that is available in more than 30 languages. Your problems can be solved rapidly in your language.
It is advised 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 problems can be resolved nearly immediately.
It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no phone number is available. This makes it impossible to speak directly to somebody. Due to the fast processing time, Plus500 still ratings sufficiently in regards to customer service. Plus500 Fibonacci Tool.
Security & dependability
Before you deposit money with a company, you naturally wish to know that it is completely secure to do so. In this part of the review, we look at how trustworthy Plus500 is.
Supervisors ensure that brokers follow the guidelines. Plus500 is supervised by:
- Plus500UK Ltd authorized & managed 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), licensed 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 on your citizenship, you take pleasure in additional security if Plus500 declares bankruptcy. This is done through a so-called financier protection fund. All customer funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set several additional guidelines to ensure that your cash is as protected as possible on Plus500. Listed below you can discover a summary of these measurements:
Plus500 will never speculate with customers’ money. All funds are stored in a different savings account, which means that this cash is safe when unexpected things happen with Plus500. And finally, on Plus500 you are secured versus an unfavorable balance, since he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Fibonacci Tool.
Plus500 is 100% no rip-off. Plus500 firmly manages client possessions. The business is likewise monitored. Plus500 has been around since 2008 and is even noted on the London stock exchange. These are all great signs that Plus500 is trusted and we have actually come to that conclusion ourselves.
Plus500 Fibonacci Tool
About the company
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 performed over 35 million deals with a worth of over $1,000 billion in one year. The head office of the company can be discovered in Israel, but they have opened a number of additional workplaces in other countries. Do you want to know more about the Plus500 business? In this post you will discover whatever you require to know!
Conclusion review Plus500
Plus500 is among the 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 likewise have the opportunity to respond to altering market conditions by positioning orders on both fluctuating rates. Plus500 Fibonacci Tool.
Do you wish to discover how Plus500 works? Right away open a free demo-account by pushing the button 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