Plus500 Evaluation: our experience with this broker – Plus500 Hong Kong
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to policies), Forex and stocks. In this extensive 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 latest market developments at low rates. Plus500 Hong Kong.
Plus500 Hong Kong
- At Plus500 you can speculate on cost advancements at low rates.
- You can sell an extensive variety of CFD shares.
- It is possible to attempt Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Hong Kong.
- Plus500 does not supply innovative software application for expert traders.
- You can not find comprehensive analyses within the platform.
- Plus500 customer care is not readily available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration totally free of charge and without danger? Use the button below to open a demo account with this broker:
Plus500 Hong Kong
We discuss 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?
- Functionalities: what are the possibilities of the software application?
- Trading choices: in what securities you trade on Plus500?
- Support: what support do you get when trading?
- Costumer service: what is the quality of the costumer service? (costumer-service).
- Dependability: Is this broker trustworthy? (reliability).
- Information: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially visit the Plus500 site. Click on this link * to open the Plus500 website. To create a totally free demonstration account, you just have to pick an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have left this details, you can instantly begin trading. Plus500 Hong Kong.
Plus500 accepts customers from the majority of countries. There are also nationalities that are not admitted to Plus500. Traders from for instance, 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 offer Plus500 a positive score for opening an account. Plus500 Hong Kong.
Deposit & withdraw cash
When you have actually become knowledgeable about the Plus500 platform, you can switch 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.
Before your deposit can be processed, you should confirm your identity. Plus500 needs to adhere to legislation and can only get verified clients. By verifying brand-new costumers, Plus500 avoids clients from using the account for money laundering.
We have actually gone through the whole procedure and uploaded the required files. Our account was authorized and launched by Plus500 within an hour. After confirming the identity of your account, you do not need to do it again. The length of this process depends on your individual scenario and can be various for each client.
You can withdraw the money into your account at any time. You can do this by transferring the money to your bank account or PayPal account. The transfer is made rapidly and the cash will be in your account within a couple of days. Plus500 Hong Kong.
On Plus500 there are no extra costs for transferring and withdrawing cash. This is a big benefit of the broker Plus500: lots of other brokers charge a small charge for withdrawing cash. Traders can benefit from approximately 5 totally free withdrawals a month, after which a charge will be incurred.
Plus500 Hong Kong
Evaluation 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 review, we take a comprehensive take a look at the charges of trading with Plus500. Listed below we briefly take a look at which costs Plus500 hands down to its clients.
With Plus500 you pay a spread over every deal. The spread is the difference between the buy and sell rate of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is continuously adjusted according to the market spread out throughout the period a position is open vs. a Spread which does not generally change in line with general market fluctuations while a position is open, but when the marketplace 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 provide the tightest possible spreads at all times. Plus500 Hong Kong.
Forex costs on Plus500
On Plus500 you can sell different currency pairs. 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 providers and concluded that these expenses are comparable to those of other brokers. (We have extracted these information on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively 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 reasonably useful at Plus500. (We have actually drawn out these data on the 2th of June 14:00.).
Share expenses 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 equates to 0.12% of the total value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note 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. Because you can trade on margin, you do not need to put in the full amount 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 financing offer expenses. Sometimes, you actually receive a premium for short positions. We compared Plus500 with other parties for this review and the funding expenses were reasonably low. Still, it is necessary to keep in mind that Plus500 is not extremely appropriate for long-term trading because of the financing fees you need to pay on a daily basis. Plus500 Hong Kong.
Other costs on Plus500
We have actually extensively investigated the expenses for this evaluation, and we have not found any frustrating surprise costs. However, you should make sure that you visit to the platform at least when every three months. If you don’t do this, expenses for lack of exercise will be charged. This holds true with a lot of 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 examine all Fees 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 indicates 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 Hong Kong.
Nevertheless, the following additional costs might be applied:
Overnight Financing – The overnight funding quantity is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night financing time and the day-to-day overnight funding percentage can be found in the “Particulars” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Charge will presently be up to 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 employment opportunity.
Lack of exercise Fee – A cost of as much as USD 10 per month will be imposed, must you not visit to your trading represent a duration of a minimum of three months. This cost will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity fee will amount to the lower of the remaining available balance in your account or USD 10 (or comparable depending on your currency). This is to offset the expense sustained in making the service available, despite the fact that it has actually not been used. Please note that the cost is just collected from the Genuine Cash account and only when there are sufficient readily available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered enough activity to prevent a fee from being charged.
Guaranteed Stop Order – if you pick this function, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade is subject to a wider spread.
Conclusion Plus500 fees
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 post about the expenses on Plus500, we take a closer take a look at the various expenses you pay when you trade with Plus500.
Plus500 Hong Kong
Software application & possibilities
When you begin trading, we understand that you obviously also want to utilize a great software package. With Plus500 trading is mainly done via the online WebTrader. A terrific benefit of the WebTrader is the availability: you can visit to the platform at any time and from any location 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 quickly find the CFD in which you want to trade. New customers will therefore not have to search wish for purchase & sell buttons on Plus500. Plus500 Hong Kong.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to remember that with Plus500 you constantly trade in CFDs. With Plus500 you never ever straight trade in a share. The only thing that identifies 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 choices. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable outcome with an increasing rate and when you sell the CFD you get a favorable result with a falling price. Because you use utilize there is a high risk of losing cash rapidly due to leverage.
The alternative to hypothesize on a decreasing cost is a significant benefit within the Plus500 platform. The option to short sell increases your flexibility and makes it possible to respond to different market situations.
Type of orders
With Plus500 you can immediately open an order. When you press buy or sell you will see the screen below:
In the order screen you can go into the quantity you wish to trade with. You also have the choice to automatically 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 Hong Kong.
It is likewise possible to place an order with Plus500. You do this by getting in a rate at which you immediately open the CFD position. By utilizing orders, you can attain even better trading outcomes.
With Plus500 you have the choice to use an utilize. With a lever you can take a bigger position with the same quantity of money. Both your prospective earnings and your prospective loss boost when you apply utilize. With each security you can immediately see what the maximum utilize is that you can use.
The presence of a take advantage of is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller sized quantities if you want to lower your threat.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less extensive than the WebTrader. You can carry out less substantial analyses with it. Nonetheless, it works to also 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 really easy to use and it is great to change your orders when market conditions change substantially. The mobile application is therefore a strength in our evaluation of the Plus500 platform.
Plus500 Hong Kong
Trading alternatives at Plus500
In this part of the evaluation we will discuss the various types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency pairs. You can for example location a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial range of CFD shares. The shares are neatly arranged by nation, so you can rapidly find a share to trade.
It’s likewise possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can typically use an optimum utilize of as much as 1:20 to investments in raw materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can likewise sell CFDs on choices. Choices typically move strongly: an option can in some cases increase or fall in value by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to alternatives, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on well-known 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 popular cryptocurrencies. Cryptocurrencies are extremely unstable and it can therefore be interesting to actively hypothesize on their price advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to guidelines”). Plus500 Hong Kong.
Conclusion on the trading choices at Plus500
Plus500 has a wide variety of tradable CFD securities. Even reasonably unidentified local stocks can often be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has actually therefore been extremely positive.
Assistance & research study
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software you can use various illustration choices. You can draw horizontal levels to indicate price levels where the marketplace typically moves in the opposing direction.
You can also add technical indicators on the chart. The variety of technical indications at Plus500 is massive. You can select from more than 100 different alternatives. It is smart to utilize technical signs. By utilizing technical signs, you can carry out better analyses.
The technical analysis options within the Plus500 software application are comprehensive. Nevertheless, it is troublesome that you can not save numerous charts. This implies that you have to repeat the analyzes frequently. Expert investors would have to download other programs to carry out more complex analyses.
Research study and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these alternatives 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 find out how to trade better.
It is useful that you get an alert within the Plus500 software when fascinating advancements take place. When the rate of, for instance, oil falls dramatically, you will get a notice of this occasion. You can then choose on your own whether you wish to take a position on the market advancement. Plus500 Hong Kong.
Within the Plus500 software you can also see how other users sell a security. By looking at the positions other traders take, you can see whether there are more buyers or sellers. Other fundamental data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a thorough and fast customer care that is offered in more than 30 languages. Your problems can be resolved rapidly in your language.
It is advised to call customer service via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be solved practically immediately.
It is also possible to email Plus500. Mails are frequently responded to within a day. It is a pity that no phone number is available. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still scores adequately in terms of customer support. Plus500 Hong Kong.
Security & dependability
Prior to you transfer money with a company, you naturally need to know that it is entirely safe to do so. In this part of the evaluation, we look at how reliable Plus500 is.
Supervisors ensure that brokers abide by the guidelines. Plus500 is supervised by:
- Plus500UK Ltd authorized & controlled by the FCA (# 509909).
- Plus500CY Ltd licensed & regulated by the CySEC (# 250/14).
- Plus500SG Pte Ltd, certified 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 service provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you delight in additional protection if Plus500 goes bankrupt. This is done through a so-called financier protection fund. All customer funds are kept in a segregated client checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set numerous additional guidelines to guarantee that your cash is as secure as possible on Plus500. Listed below you can discover a summary of these measurements:
Plus500 will never hypothesize with consumers’ cash. All funds are saved in a different checking account, which means that this money is safe and secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are safeguarded versus an unfavorable balance, due to the fact that he Negative balance security is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual financial obligation. Plus500 Hong Kong.
Plus500 is 100% no scam. Plus500 firmly handles client assets. The business is likewise supervised. Plus500 has actually been around since 2008 and is even listed on the London stock exchange. These are all excellent signs that Plus500 is reliable and we have actually concerned that conclusion ourselves.
Plus500 Hong Kong
About the company
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active consumers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, but they have opened numerous extra offices in other countries. Do you need to know more about the Plus500 business? In this article you will discover whatever 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 recognized shares and cryptocurrencies by using the user-friendly software. 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 prices. Plus500 Hong Kong.
Do you wish to discover how Plus500 works? Right away open a totally free demo-account by pushing the button below: