Plus500 Review: our experience with this broker – Plus500 Free Demo
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can react to the current market developments at low rates. Plus500 Free Demo.
Plus500 Free Demo
- At Plus500 you can speculate on price developments at low rates.
- You can sell a comprehensive series of CFD shares.
- It is possible to try Plus500 totally 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 Free Demo.
- Plus500 does not supply innovative software application for professional traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer care is not available by phone.
- On Plus500 you can only trade in CFDs.
Would you like to try the possibilities at Plus500 with a demo completely free of charge and without risk? Utilize the button below to open a demonstration account with this broker:
Plus500 Free Demo
We go over the following subjects in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you transfer and withdraw money?
- Costs: just how much does trading expense on Plus500?
- Performances: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what support do you receive when trading?
- Client service: what is the quality of the costumer service? (costumer-service).
- Reliability: Is this broker trusted? (dependability).
- Details: more info about Plus500 (info).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you should first check out the Plus500 website. Click here * to open the Plus500 site. To develop a free demo account, you simply need to select 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 details, you can instantly start trading. Plus500 Free Demo.
Plus500 accepts customers from many nations. There are also nationalities that are not admitted to Plus500. Traders from for instance, 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 for that reason provide Plus500 a positive score for opening an account. Plus500 Free Demo.
Deposit & withdraw cash
When you have ended up being knowledgeable about the Plus500 platform, you can change to a real cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using one of these techniques:
- Bank transfer.
Before your deposit can be processed, you need to validate your identity. Plus500 needs to adhere to legislation and can just receive verified clients. By verifying brand-new costumers, Plus500 prevents customers from using the represent cash laundering.
We’ve gone through the whole process and published the required documents. Our account was authorized and released by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it again. The length of this procedure depends on your individual scenario and can be different for each costumer.
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 rapidly and the money will remain in your account within a few days. Plus500 Free Demo.
On Plus500 there are no additional costs for transferring and withdrawing money. This is a big benefit of the broker Plus500: numerous other brokers charge a little fee for withdrawing money. Traders can make the most of up to 5 free withdrawals a month, after which a charge will be incurred.
Plus500 Free Demo
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you obviously do not want a large part of your money to be lost to high deal expenses. In this part of the evaluation, we take an in-depth look at the costs of trading with Plus500. Listed below we quickly analyze which costs Plus500 hands down to its clients.
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 offers 2 spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the market spread throughout the period a position is open vs. a Spread which does not generally change in line with general market changes while a position is open, however when the marketplace is unpredictable and illiquid, might alter to a brand-new level so that the underlying market conditions are better reflected. Nonetheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 Free Demo.
Forex expenses on Plus500
On Plus500 you can trade in different currency sets. At the time of writing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these expenses with those of other 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 sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against reasonably 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 agreement. Trading cryptocurrencies is therefore fairly useful at Plus500. (We have extracted these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise sell shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the total value. Trading CFD Tesla shares is for that reason 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 choice to trade on margin. Because you can trade on margin, you do not have to put in the full amount of the trading position yourself. However, you do have to pay a premium for this.
With each security you will see the overnight funding buy and the over night funding sell costs. In many cases, you really get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the financing costs were reasonably low. Still, it is very important to bear in mind that Plus500 is not extremely appropriate for long-lasting trading because of the financing costs you have to pay every day. Plus500 Free Demo.
Other costs on Plus500
We have thoroughly investigated the expenses for this review, and we have not found any frustrating surprise expenses. You should guarantee that you log in to the platform at least when every 3 months. If you do not do this, expenses for inactivity will be charged. This is the case with many brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? It is smart to withdraw the money from your account.
You can check all Costs here:
Plus500 is mainly 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 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 Free Demo.
Nevertheless, the following additional costs might be used:
Overnight Financing – The overnight financing quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night funding time and the everyday over night funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the main 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 Charge will presently depend on 0.7% of the trade’s realised internet earnings and loss and reflected in real time into the unrealised net profit and loss of an open position.
Lack of exercise Charge – A charge of up to USD 10 each month will be levied, must you not log in to your trading represent a period of at least three months. This cost 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 amount to the lesser of the staying offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost sustained in making the service available, despite the fact that it has not been utilized. However, please note that the fee is only collected from the Genuine Money account and just when there are sufficient offered funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is deemed sufficient activity to prevent a charge from being charged.
Guaranteed Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a specific requested rate (rate), the trade is subject to 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 article about the costs on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.
Plus500 Free Demo
Software application & possibilities
When you start trading, we comprehend that you naturally likewise wish to use a good software package. With Plus500 trading is primarily done via the online WebTrader. A great advantage of the WebTrader is the ease of access: you can visit to the platform at any time and from any location 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 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 Free Demo.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is necessary to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never directly sell a share. The only thing that determines your outcome is the distinction in between the price at which you open and close the position.
When you open a position, you have 2 options. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with an increasing rate and when you offer the CFD you get a favorable outcome with a falling cost. Given that you utilize take advantage of there is a high risk of losing cash rapidly due to take advantage of.
The choice to speculate on a decreasing price is a significant advantage within the Plus500 platform. The choice to brief sell increases your versatility and makes it possible to react to various market situations.
Kind of orders
With Plus500 you can instantly open an order. When you press buy or offer you will see the screen below:
In the order screen you can enter the quantity you wish to trade with. You likewise have the option to instantly open or close the position after a certain rate has been reached. This makes it possible to protect you trades when you need to go out. Plus500 Free Demo.
It is likewise possible to put an order with Plus500. You do this by going into a price at which you immediately open the CFD position. By utilizing orders, you can accomplish even better trading results.
Take advantage of
With Plus500 you have the option to apply an utilize. With a lever you can take a bigger position with the very same amount of cash. Both your prospective profit and your prospective loss increase when you use utilize. With each security you can instantly see what the optimum take advantage of is that you can use.
The presence of a take advantage of is a benefit in the review of Plus500. You can constantly choose to invest with smaller amounts if you wish to lower your risk.
On Plus500 you can also trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can perform less substantial analyses with it. It is helpful to likewise install the mobile application. With the app you can receive cautions when the cost of a security reaches a particular value.
The mobile application is very user-friendly and it is great to adjust your orders when market conditions change significantly. The mobile application is therefore a strength in our review of the Plus500 platform.
Plus500 Free Demo
Trading alternatives at Plus500
In this part of the review we will talk about the different types of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on rate modifications in currency sets. You can for example place a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise sell an extensive variety of CFD shares. The shares are nicely sorted by country, so you can rapidly discover a share to trade.
It’s also possible to sell commodities by utilizing CFDs. The most popular commodity for trading is oil. You can often apply a maximum utilize of up to 1:20 to financial investments in basic materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on alternatives. Alternatives typically move highly: an alternative can often rise or fall in worth by 10s of percent. With CFDs you can use an utilize of as much as 1:20 to choices, 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 instance sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely 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 availability subject to policies”). Plus500 Free Demo.
Conclusion on the trading options at Plus500
Plus500 has a vast array of tradable CFD securities. Even reasonably unidentified regional stocks can often be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has therefore been very positive.
Support & research
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize various illustration options. You can draw horizontal levels to show price levels where the marketplace typically relocates the opposing instructions.
You can likewise include technical indications on the chart. The variety of technical signs at Plus500 is huge. You can choose from more than 100 various choices. It is a good idea to utilize technical indications. By utilizing technical indicators, you can perform much better analyses.
The technical analysis options within the Plus500 software application are substantial. However, it is bothersome that you can not save several graphs. This indicates that you need to duplicate the evaluates regularly. Professional investors would have to download other programs to carry out more complex analyses.
Research study and education
In this review we can be quick about the possibilities of research study and education: at Plus500 these choices are totally missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade better.
It is useful that you receive an alert within the Plus500 software application when intriguing developments occur. When the price of, for instance, oil falls dramatically, you will get a notice of this event. You can then decide on your own whether you wish to take a position on the marketplace development. Plus500 Free Demo.
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 buyers or sellers. Other basic information is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has an extensive and fast customer support that is offered in more than 30 languages. Your issues can be resolved rapidly in your language.
It is recommended to contact customer care by means of live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved practically right away.
It is likewise possible to email Plus500. Mails are typically answered within a day. It is a pity that no phone number is readily available. This makes it impossible to speak directly to somebody. Due to the fast processing time, Plus500 still ratings sufficiently in terms of customer support. Plus500 Free Demo.
Security & reliability
Before you deposit cash with a business, you naturally wish to know that it is totally safe and secure to do so. In this part of the review, we look at how dependable Plus500 is.
Supervisors guarantee that brokers abide by the guidelines. Plus500 is monitored by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your nationality, you delight in extra protection if Plus500 goes bankrupt. This is done through a so-called financier 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 actually also set several extra rules to guarantee that your money is as secure as possible on Plus500. Listed below you can discover a summary of these measurements:
Plus500 will never ever speculate with clients’ money. All funds are kept in a separate checking account, which indicates that this money is safe and secure when unanticipated things occur with Plus500. And lastly, on Plus500 you are safeguarded against an unfavorable balance, because he Negative balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a recurring financial obligation. Plus500 Free Demo.
Plus500 is 100% no rip-off. Plus500 securely handles consumer possessions. The business is also supervised. Plus500 has actually been around because 2008 and is even noted on the London stock market. These are all excellent indicators that Plus500 is trustworthy and we have concerned that conclusion ourselves.
Plus500 Free Demo
About the business
Plus500 was founded in 2008 and has actually grown highly since then. Plus500 is active in more than 30 countries and served more than 200,000 active consumers in 2019. Plus500 performed over 35 million transactions 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 actually opened several additional offices in other countries. Do you want to know more about the Plus500 company? In this short article you will discover whatever you require to understand!
Conclusion review Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the easy to use 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 prices. Plus500 Free Demo.
Do you wish to find how Plus500 works? Then immediately open a totally 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