Plus500 Review: our experience with this broker – Plus500 Investor Relations
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), Forex and stocks. In this substantial evaluation, 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 Investor Relations.
Plus500 Investor Relations
- At Plus500 you can hypothesize on price developments at low rates.
- You can sell a comprehensive variety of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Investor Relations.
- Plus500 does not supply innovative software for professional traders.
- You can not find substantial analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without danger? Utilize the button below to open a demo account with this broker:
Plus500 Investor Relations
We go over the following topics in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw cash?
- Costs: how much does trading cost on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Assistance: what support do you receive when trading?
- Customer service: what is the quality of the costumer service? (costumer-service).
- Dependability: Is this broker reliable? (reliability).
- Info: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you must first check out the Plus500 site. Click here * to open the Plus500 website. To create a free demo account, you simply need to choose an email address and a password. It is likewise possible to log in with your Facebook or Google account. After you have left this info, you can immediately start trading. Plus500 Investor Relations.
Plus500 accepts customers from the majority of countries. There are likewise citizenships 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 for that reason offer Plus500 a positive ranking for opening an account. Plus500 Investor Relations.
Deposit & withdraw cash
When you have 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 transfer cash into your account by utilizing one of these approaches:
- Bank transfer.
Before your deposit can be processed, you should validate your identity. Plus500 must adhere to legislation and can only receive validated consumers. By confirming new costumers, Plus500 prevents costumers from utilizing the account for money laundering.
We’ve gone through the whole procedure and published the required documents. Our account was authorized and released by Plus500 within an hour. After validating the identity of your account, you don’t need to do it again. The length of this process depends on your personal situation 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 money to your bank account or PayPal account. The transfer is made rapidly and the money will remain in your account within a few days. Plus500 Investor Relations.
On Plus500 there are no extra expenses for depositing and withdrawing cash. This is a big benefit of the broker Plus500: lots of 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.
Plus500 Investor Relations
Evaluation of the expenses of Plus500
When you begin trading with Plus500, you obviously do not want a big part of your money to be lost to high transaction costs. In this part of the review, we take a detailed look at the costs of trading with Plus500. Below we quickly take a look at which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every deal. The spread is the difference between the buy and sell cost of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is continuously adjusted according to the market spread throughout the period a position is open vs. a Spread which does not normally change in line with basic market changes while a position is open, but when the market is unpredictable and illiquid, may change to a new level so that the underlying market conditions are better reflected. Plus500 intends to offer the tightest possible spreads at all times. Plus500 Investor Relations.
Forex costs on Plus500
On Plus500 you can trade in various currency pairs. At the time of writing, you are paying 0.6 pips in transaction charges on the pair of EUR/ USD. We compared these expenses 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 costs on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade versus fairly advantageously fees 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 contract. Trading cryptocurrencies is for that reason reasonably advantageous at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also sell shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. 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.).
Funding costs at Plus500
With Plus500 you have the option 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. You do have to pay a premium for this.
With each security you will see the over night funding buy and the over night financing sell costs. In some cases, you in fact receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the financing expenses were relatively low. Still, it is important to keep in mind that Plus500 is not really suitable for long-term trading because of the financing fees you have to pay daily. Plus500 Investor Relations.
Other costs on Plus500
We have actually extensively investigated the expenses for this evaluation, and we have actually not discovered any frustrating concealed costs. You need to guarantee that you log in to the platform at least when every 3 months. If you do not do this, expenses for lack of exercise will be charged. This is the case with a lot of 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 money from your account.
You can check all Fees here:
Plus500 is generally compensated for its services through the “market spread”. For example, 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 Investor Relations.
The following extra charges might be applied:
Overnight Financing – The overnight financing quantity is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The over night funding time and the day-to-day over night funding percentage can be discovered in the “Details” link next to the instrument’s name on the primary screen of the platform.
Currency Conversion Fee – 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 currently depend on 0.7% of the trade’s realised web earnings and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.
Inactivity Charge – A charge of up to USD 10 monthly will be levied, must you not log in to your trading account for a period of a minimum of 3 months. This cost will be charged once 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 staying offered balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the expense sustained in making the service readily available, despite the fact that it has not been used. Please note that the fee is just collected from the Genuine Cash account and only when there are adequate offered funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is deemed adequate activity to prevent a cost from being charged.
Surefire Stop Order – if you pick this function, please note that as it ensures that your position (trade) closes at a particular requested rate (rate), the trade is subject to a broader spread.
Conclusion Plus500 fees
The expenses Plus500 charges are reasonable and in proportion to the quantity 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 look at the numerous expenses you pay when you trade with Plus500.
Plus500 Investor Relations
Software & possibilities
When you start trading, we understand that you obviously likewise wish to utilize a good software package. With Plus500 trading is mainly done through the online WebTrader. A fantastic 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 stuck out in our review 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 wish to trade. New customers will therefore not need to search long for purchase & offer buttons on Plus500. Plus500 Investor Relations.
Opening a trade
Opening a trade with Plus500 is rather simple. It is necessary 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 difference between the price at which you open and close the position.
When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable outcome with an increasing cost and when you sell the CFD you get a favorable result with a falling price. Because you use take advantage of there is a high risk of losing cash rapidly due to take advantage of.
The alternative to speculate on a declining price is a significant advantage within the Plus500 platform. The choice to brief sell increases your versatility and makes it possible to react to different market situations.
Kind of orders
With Plus500 you can right away open an order. When you push buy or offer you will see the screen below:
In the order screen you can enter the quantity you wish to trade with. You also have the choice to immediately open or close the position after a certain cost has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Investor Relations.
It is likewise possible to put an order with Plus500. You do this by entering a cost at which you immediately open the CFD position. By using orders, you can accomplish even much better trading results.
With Plus500 you have the choice to use an utilize. With a lever you can take a larger position with the same amount of cash. Both your prospective profit and your potential loss increase when you apply take advantage of. With each security you can instantly see what the optimum leverage is that you can apply.
The presence of a leverage is an advantage in the evaluation of Plus500. You can constantly choose to invest with smaller amounts if you wish to decrease your risk.
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. Nonetheless, it works to likewise set up the mobile application. With the app you can get warnings when the rate of a security reaches a specific worth.
The mobile application is extremely easy to use and it is good to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Plus500 Investor Relations
Trading options at Plus500
In this part of the evaluation we will go over the various types of securities you can trade in with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you speculate on rate modifications in currency sets. You can for instance location a trade on the development of the euro against the dollar.
On Plus500 you can likewise sell an extensive range of CFD shares. The shares are nicely arranged by nation, so you can quickly find a share to trade.
It’s also possible to trade in commodities by utilizing CFDs. The most popular product for trading is oil. You can typically apply a maximum leverage of approximately 1:20 to investments in basic materials. When you sell gold you can apply a leverage of 1:20.
On Plus500 you can also sell CFDs on choices. Choices typically move strongly: a choice can sometimes increase or fall in worth by tens of percent. With CFDs you can use an utilize of approximately 1:20 to choices, which even more increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on well-known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are very unpredictable and it can therefore be interesting to actively hypothesize on their rate advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 Investor Relations.
Conclusion on the trading options at Plus500
Plus500 has a wide variety of tradable CFD securities. Even fairly unknown regional stocks can frequently be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has actually therefore been really positive.
Assistance & research
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software you can use different drawing alternatives. You can draw horizontal levels to show price levels where the market frequently relocates the opposing instructions.
You can likewise add technical indicators on the chart. The range of technical indications at Plus500 is huge. You can select from more than 100 various alternatives. It is wise to use technical indications. By using technical indications, you can perform better analyses.
The technical analysis options within the Plus500 software are extensive. However, it is bothersome that you can not conserve several charts. This suggests that you need to duplicate the analyzes routinely. Professional investors would need to download other programs to perform more complex analyses.
Research study and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these alternatives are entirely missing. There are no courses or webinars offered at Plus500. This is a downside for people who join Plus500 to discover how to trade better.
It is useful that you receive a notice within the Plus500 software application when interesting advancements happen. When the rate of, for instance, oil falls dramatically, you will receive an alert of this event. You can then choose for yourself whether you wish to take a position on the market advancement. Plus500 Investor Relations.
Within the Plus500 software you can likewise see how other users sell 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 study and education in our opinion.
Plus500 has a comprehensive and quick customer service that is offered in more than 30 languages. Your problems can be fixed quickly in your language.
It is suggested to call client service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be solved nearly immediately.
It is likewise possible to email Plus500. Mails are often answered within a day. It is a pity that no telephone number is available. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still scores adequately in terms of customer care. Plus500 Investor Relations.
Security & reliability
Prior to you deposit cash with a business, you naturally would like to know that it is totally protected to do so. In this part of the evaluation, we look at how trustworthy Plus500 is.
Supervisors ensure that brokers follow the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed by the FCA (# 509909).
- Plus500CY Ltd authorized & managed 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you delight in additional protection if Plus500 goes bankrupt. This is done through a so-called investor security fund. All client funds are held in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set numerous additional guidelines to guarantee that your cash is as safe and secure as possible on Plus500. Listed below you can find a summary of these measurements:
Plus500 will never speculate with consumers’ cash. All funds are saved in a separate bank account, which indicates that this money is secure when unexpected things occur with Plus500. And finally, on Plus500 you are protected against a negative balance, because he Negative balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a residual debt. Plus500 Investor Relations.
Plus500 is 100% no scam. Plus500 firmly manages consumer properties. The company is likewise monitored. Plus500 has been around since 2008 and is even listed on the London stock market. These are all great indications that Plus500 is trustworthy and we have come to that conclusion ourselves.
Plus500 Investor Relations
About the business
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 deals with a worth of over $1,000 billion in one year. The headquarters of the company can be discovered in Israel, however they have opened a number of extra offices in other countries. Do you wish to know more about the Plus500 company? In this short article you will discover everything you require to understand!
Conclusion evaluation 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 react to changing market conditions by positioning orders on both fluctuating costs. Plus500 Investor Relations.
Do you wish to discover how Plus500 works? Then instantly open a complimentary demo-account by pressing the button listed below: