Plus500 Review: our experience with this broker – Plus500 Italia
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to regulations), 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 latest market developments at low rates. Plus500 Italia.
- At Plus500 you can speculate on price advancements at low rates.
- You can sell a substantial variety of CFD shares.
- It is possible to try Plus500 for free with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Italia.
- Plus500 does not offer advanced software for expert traders.
- You can not discover substantial analyses within the platform.
- Plus500 client service is not readily available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without risk? Use the button below to open a demonstration account with this broker:
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 deposit and withdraw money?
- Expenses: how much does trading expense on Plus500?
- Performances: what are the possibilities of the software application?
- Trading choices: in what securities you trade on Plus500?
- Assistance: what assistance do you get when trading?
- Client service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker dependable? (dependability).
- Information: more information about Plus500 (information).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you need to initially check out the Plus500 website. Click on this link * to open the Plus500 site. To develop a complimentary demonstration account, you simply need to select an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this info, you can right away begin trading. Plus500 Italia.
Plus500 accepts consumers from most nations. Nevertheless, there are likewise nationalities that are not confessed 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 review, we for that reason offer Plus500 a favorable rating for opening an account. Plus500 Italia.
Deposit & withdraw money
When you have actually become familiar with the Plus500 platform, you can change to a real money account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these approaches:
- Bank transfer.
Prior to your deposit can be processed, you should validate your identity. Plus500 should abide by legislation and can just receive confirmed clients. By validating new clients, Plus500 prevents costumers from utilizing the represent money laundering.
We’ve gone through the whole process and uploaded the needed documents. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you don’t have to do it once again. The length of this process depends upon your personal circumstance and can be various for each costumer.
You can withdraw the cash into your account at any time. You can do this by moving the cash to your checking account or PayPal account. The transfer is made rapidly and the money will be in your account within a few days. Plus500 Italia.
On Plus500 there are no extra costs for depositing and withdrawing cash. This is a big benefit of the broker Plus500: numerous other brokers charge a little charge for withdrawing money. Traders can take advantage of approximately 5 totally free withdrawals a month, after which a fee will be sustained.
Evaluation of the costs of Plus500
When you begin trading with Plus500, you obviously do not want a big part of your cash to be lost to high deal expenses. In this part of the review, 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 passes on to its clients.
With Plus500 you pay a spread over every transaction. The spread is the distinction 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 marketplace spread out throughout the duration a position is open vs. a Spread which does not normally change in line with basic market variations while a position is open, however when the marketplace is volatile and illiquid, may change to a new level so that the underlying market conditions are better shown. Nonetheless, Plus500 aims to supply the tightest possible spreads at all times. Plus500 Italia.
Forex expenses on Plus500
On Plus500 you can sell various currency pairs. At the time of composing, you are paying 0.6 pips in deal fees 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 data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can also 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 agreement. Trading cryptocurrencies is for that reason relatively beneficial at Plus500. (We have extracted these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also sell shares by utilizing CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which equates to 0.12% of the overall worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a picture on April 20, 2020 at 13:00.).
Financing expenses at Plus500
With Plus500 you have the option to trade on margin. Due to the fact that you can trade on margin, you do not need 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 funding offer expenses. Sometimes, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this evaluation and the financing expenses were relatively low. Still, it is very important to keep in mind that Plus500 is not really ideal for long-term trading because of the financing charges you have to pay on a daily basis. Plus500 Italia.
Other costs on Plus500
We have extensively examined the expenses for this evaluation, and we have not found any irritating concealed costs. Nevertheless, you need to guarantee that you visit to the platform at least when every 3 months. If you don’t do this, costs for inactivity will be charged. This holds true with the majority of brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? It is sensible to withdraw the money from your account.
You can check all Charges here:
Plus500 is generally made up 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 likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Italia.
However, the following extra fees might be used:
Overnight Funding – The overnight financing quantity is either contributed 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 everyday over night funding percentage can be found in the “Details” 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 different to the currency of your account.
The Currency Conversion Charge will presently be up to 0.7% of the trade’s understood internet profit and loss and reflected in real time into the unrealised net earnings and loss of an open position.
Lack of exercise Cost – A fee of up to USD 10 monthly will be imposed, should you not log in to your trading represent a duration of a minimum of 3 months. This charge will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The inactivity cost will amount to the lower of the staying 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, even though it has actually not been used. Please note that the fee is just gathered from the Genuine Money account and just when there are enough available funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is deemed enough activity to prevent a cost from being charged.
Guaranteed Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a specific requested rate (price), the trade goes through a wider spread.
Conclusion Plus500 costs
The costs 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 post about the costs on Plus500, we take a closer look at the numerous costs you pay when you trade with Plus500.
Software & possibilities
When you start trading, we comprehend that you of course likewise want to utilize an excellent software package. With Plus500 trading is generally done by means of the online WebTrader. A terrific benefit 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 apart in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly find the CFD in which you want to trade. New consumers will for that reason not need to search wish for purchase & sell buttons on Plus500. Plus500 Italia.
Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never straight trade in a share. The only thing that identifies your result is the distinction between the rate at which you open and close the position.
When you open a position, you have two alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with a rising cost and when you offer the CFD you get a favorable outcome with a falling price. Because you use leverage there is a high threat of losing cash quickly due to utilize.
The option to speculate on a decreasing cost is a significant advantage within the Plus500 platform. The option to short sell increases your flexibility and makes it possible to respond to various 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 get in the quantity you want to trade with. You likewise have the alternative to automatically open or close the position after a particular rate has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Italia.
It is also possible to position an order with Plus500. You do this by entering a price at which you instantly open the CFD position. By using orders, you can attain even better trading outcomes.
Take advantage of
With Plus500 you have the alternative to use a take advantage of. With a lever you can take a larger position with the very same amount of cash. Both your prospective profit and your possible loss increase when you use leverage. With each security you can immediately see what the maximum utilize is that you can apply.
The presence of a leverage is an advantage in the evaluation of Plus500. You can always choose to invest with smaller amounts if you wish to decrease your threat.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can carry out less comprehensive analyses with it. Nevertheless, it works to likewise set up the mobile application. With the app you can get warnings when the price of a security reaches a specific value.
The mobile application is really easy to use and it is good to adjust your orders when market conditions change considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.
Trading alternatives at Plus500
In this part of the evaluation we will go over the different 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 development of the euro versus the dollar.
On Plus500 you can also trade in a substantial variety of CFD shares. The shares are neatly sorted by country, so you can rapidly 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 use a maximum utilize of as much as 1:20 to investments in basic materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can also sell CFDs on options. Alternatives typically move strongly: a choice can often increase or fall in worth by 10s of percent. With CFDs you can use a leverage of up to 1:20 to alternatives, which even more increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in 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 well-known cryptocurrencies. Cryptocurrencies are extremely unstable and it can for that reason be interesting to actively hypothesize on their price advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to regulations”). Plus500 Italia.
Conclusion on the trading alternatives at Plus500
Plus500 has a wide range of tradable CFD securities. Even fairly unknown regional stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has actually therefore been very favorable.
Support & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize various illustration alternatives. You can draw horizontal levels to indicate price levels where the marketplace often relocates the opposing instructions.
You can also add technical signs on the graph. The range of technical signs at Plus500 is massive. You can select from more than 100 various alternatives. It is a good idea to use technical indications. By using technical indicators, you can perform much better analyses.
The technical analysis options within the Plus500 software are substantial. It is inconvenient that you can not conserve numerous charts. This implies that you need to duplicate the analyzes regularly. Professional investors would need 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 alternatives are completely missing. There are no courses or webinars offered at Plus500. This is a downside for individuals who join Plus500 to learn how to trade better.
It is useful that you get a notice within the Plus500 software application when intriguing developments occur. When the rate of, for example, oil falls sharply, you will get an alert of this event. You can then choose for yourself whether you wish to take a position on the marketplace development. Plus500 Italia.
Within the Plus500 software 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 basic data 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 comprehensive and fast customer support that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is advised to get in touch with customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved nearly 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 available. This makes it difficult to speak straight to someone. Due to the quick processing time, Plus500 still scores adequately in terms of client service. Plus500 Italia.
Security & dependability
Before you transfer cash with a business, you naturally need to know that it is totally protected to do so. In this part of the evaluation, we take a look at how reputable Plus500 is.
Supervisors guarantee that brokers adhere to the guidelines. Plus500 is monitored by:
- Plus500UK Ltd authorized & managed by the FCA (# 509909).
- Plus500CY Ltd authorized & controlled 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), certified 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 upon your nationality, you take pleasure in additional security if Plus500 declares bankruptcy. This is done through a so-called investor security fund. All customer funds are kept in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually likewise set a number of additional guidelines to make sure that your cash is as secure as possible on Plus500. Below you can find an introduction of these measurements:
Plus500 will never ever speculate with customers’ cash. All funds are kept in a separate checking account, which means that this money is safe and secure when unforeseen things happen with Plus500. And finally, on Plus500 you are safeguarded versus an unfavorable balance, because he Unfavorable balance protection is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual debt. Plus500 Italia.
Plus500 is 100% no rip-off. Plus500 firmly handles customer properties. The company is also supervised. Plus500 has actually been around since 2008 and is even listed on the London stock market. These are all good indications that Plus500 is reliable and we have actually pertained to that conclusion ourselves.
About the company
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations 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 business can be discovered in Israel, however they have actually opened several extra workplaces in other nations. Do you need to know more about the Plus500 company? In this article you will find everything you require to understand!
Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You likewise have the chance to respond to changing market conditions by positioning orders on both rising and falling costs. Plus500 Italia.
Do you wish to find how Plus500 works? Then immediately open a complimentary demo-account by pressing the button listed 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