Plus500 Evaluation: our experience with this broker – Plus500 Liquidity
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to policies), 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 respond to the most recent market advancements at low rates. Plus500 Liquidity.
- At Plus500 you can speculate on cost developments at low rates.
- You can trade in a substantial range of CFD shares.
- It is possible to try Plus500 totally free with a demo.
- On Plus500 you can use the easy to use web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Liquidity.
- Plus500 does not provide sophisticated software for expert traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer service is not offered by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt 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:
We go over the following subjects in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw cash?
- Expenses: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading alternatives: in what securities you trade on Plus500?
- Assistance: what assistance do you receive when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reliable? (reliability).
- Information: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you must first visit the Plus500 site. Click on this link * to open the Plus500 website. To develop a complimentary demonstration account, you just have to select an email address and a password. It is also possible to log in with your Facebook or Google account. After you have left this info, you can instantly begin trading. Plus500 Liquidity.
Plus500 accepts customers from many countries. There are likewise citizenships that are not admitted 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 evaluation, we therefore give Plus500 a positive score for opening an account. Plus500 Liquidity.
Deposit & withdraw money
When you have ended up being acquainted with the Plus500 platform, you can switch to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these methods:
- Bank transfer.
Prior to your deposit can be processed, you should verify your identity. Plus500 should comply with legislation and can just get confirmed clients. By confirming brand-new costumers, Plus500 avoids costumers from using the represent money laundering.
We’ve gone through the whole process and uploaded the needed files. Our account was authorized and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it once again. The length of this process depends upon your individual circumstance and can be different for each customer.
You can withdraw the cash 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 quickly and the money will remain in your account within a few days. Plus500 Liquidity.
On Plus500 there are no extra costs for transferring and withdrawing money. This is a huge advantage of the broker Plus500: many other brokers charge a little fee for withdrawing cash. Traders can take advantage of as much as 5 free withdrawals a month, after which a charge will be incurred.
Review of the costs of Plus500
When you begin trading with Plus500, you undoubtedly do not desire a large part of your cash to be lost to high deal expenses. In this part of the evaluation, we take a comprehensive take a look at the costs of trading with Plus500. Below we briefly analyze which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell price of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread throughout the duration a position is open vs. a Spread which does not usually alter in line with general market changes while a position is open, but when the market is unstable and illiquid, may change to a new level so that the underlying market conditions are much better reflected. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Liquidity.
Forex expenses on Plus500
On Plus500 you can sell different currency pairs. At the time of composing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these costs with those of other suppliers 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 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 composing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore fairly beneficial at Plus500. (We have actually drawn out these data 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 currently pay a spread of $ 0.95, which equates to 0.12% of the total worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a snapshot on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the alternative 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 overnight funding sell expenses. In many cases, you actually get a premium for short positions. We compared Plus500 with other celebrations for this review and the financing costs were reasonably low. Still, it is important to keep in mind that Plus500 is not extremely appropriate for long-term trading because of the funding costs you need to pay on a daily basis. Plus500 Liquidity.
Other costs on Plus500
We have actually thoroughly investigated the expenses for this review, and we have actually not discovered any frustrating surprise expenses. You must guarantee that you log in to the platform at least once every three months. If you do not 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 planning to trade for a while? Then it is a good idea 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 example, 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 Liquidity.
The following extra charges might be applied:
Overnight Financing – The over night financing amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The overnight financing time and the day-to-day overnight financing portion can be found in the “Particulars” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Cost – Plus500 will charge a Currency Conversion Cost 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 net profit and loss and reflected in real time into the unrealised net profit and loss of an open position.
Inactivity Charge – A cost of as much as USD 10 each month will be imposed, ought to you not log in to your trading account for a duration of at least 3 months. This fee will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise fee will be equal to the lower of the staying readily available balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost incurred in making the service offered, despite the fact that it has not been used. Nevertheless, please note that the fee is just collected from the Real Money account and only when there suffice available funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is considered adequate activity to prevent a fee from being charged.
Guaranteed Stop Order – if you select this function, please note that as it guarantees that your position (trade) closes at a particular requested rate (price), the trade goes through a broader 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 expenses on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Software application & possibilities
When you begin trading, we understand that you obviously also want to use an excellent software package. With Plus500 trading is primarily done by means of the online WebTrader. A terrific benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any place 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 want to trade. New clients will for that reason not need to browse long for buy & offer buttons on Plus500. Plus500 Liquidity.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to keep in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never straight sell 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 options. You can buy the CFD or you can go short on the CFD. When you buy the CFD you get a favorable result with a rising rate and when you sell the CFD you get a positive outcome with a falling price. Given that you utilize leverage there is a high risk of losing money quickly due to utilize.
The option to speculate on a declining price is a major advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to respond to various market scenarios.
Kind of orders
With Plus500 you can immediately open an order. When you push purchase or offer you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You also have the option to instantly open or close the position after a specific rate has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Liquidity.
It is also possible to put an order with Plus500. You do this by getting in a cost at which you immediately open the CFD position. By utilizing orders, you can attain even better trading outcomes.
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the exact same quantity of cash. Both your prospective earnings and your possible loss boost when you apply take advantage of. With each security you can instantly see what the maximum take advantage of is that you can apply.
The presence of a take advantage of is an advantage in the review of Plus500. You can constantly choose to invest with smaller sized amounts if you wish to decrease your risk.
On Plus500 you can also trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less extensive analyses with it. It is useful to likewise install the mobile application. With the app you can receive cautions when the rate of a security reaches a certain worth.
The mobile application is really easy to use and it is excellent to adjust your orders when market conditions alter considerably. The mobile application is for that reason a strength in our review of the Plus500 platform.
Trading options at Plus500
In this part of the evaluation we will talk about the different kinds of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on price 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 nicely sorted by nation, so you can rapidly discover a share to trade.
It’s also possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can typically apply an optimum utilize of up to 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 alternatives. Choices often move strongly: a choice can sometimes increase or fall in worth by tens of percent. With CFDs you can use an utilize of up to 1:20 to choices, which further increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are very unpredictable and it can therefore be interesting to actively speculate on their price advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to regulations”). Plus500 Liquidity.
Conclusion on the trading options at Plus500
Plus500 has a wide variety of tradable CFD securities. Even relatively unidentified regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all countries. My experience with Plus50 has therefore been really positive.
Support & research
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software application you can utilize different drawing choices. You can draw horizontal levels to show price levels where the market typically moves in the opposing instructions.
You can likewise add technical indicators on the graph. The series of technical signs at Plus500 is massive. You can select from more than 100 different choices. It is wise to utilize technical indicators. By utilizing technical indicators, you can execute better analyses.
The technical analysis options within the Plus500 software are comprehensive. Nevertheless, it is bothersome that you can not save numerous graphs. This means that you need to repeat the examines frequently. Expert financiers 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 options are totally missing out on. There are no courses or webinars available at Plus500. This is a drawback for individuals who sign up with Plus500 to learn how to trade better.
It works that you get a notification within the Plus500 software when intriguing advancements occur. When the rate of, for example, oil falls sharply, you will get a notification of this occasion. You can then decide for yourself whether you want to take a position on the market advancement. Plus500 Liquidity.
Within the Plus500 software you can also 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 fundamental data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has an extensive and fast customer service that is available in more than 30 languages. Your issues can be solved quickly in your language.
It is recommended to call customer care via live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be resolved practically instantly.
It is likewise possible to email Plus500. Mails are often addressed 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 scores sufficiently in terms of customer service. Plus500 Liquidity.
Security & dependability
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 evaluation, we look at how reliable Plus500 is.
Supervisors ensure that brokers follow the rules. Plus500 is monitored by:
- Plus500UK Ltd licensed & controlled by the FCA (# 509909).
- Plus500CY Ltd authorized & regulated 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial service provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you delight in extra defense if Plus500 goes bankrupt. This is done through a so-called investor defense fund. All client funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set numerous additional rules to guarantee that your cash is as protected as possible on Plus500. Below you can find an introduction of these measurements:
Plus500 will never ever hypothesize with consumers’ money. All funds are kept in a separate checking account, which suggests that this cash is secure when unanticipated things happen with Plus500. And finally, on Plus500 you are protected versus a negative balance, because he Unfavorable balance protection is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. Plus500 Liquidity.
Plus500 is 100% no fraud. Plus500 safely handles customer possessions. The business is also monitored. Plus500 has been around because 2008 and is even noted on the London stock market. These are all great signs that Plus500 is dependable and we have actually concerned that conclusion ourselves.
About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 carried out over 35 million deals with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, but they have actually opened numerous additional workplaces in other nations. Do you want to know more about the Plus500 company? In this post you will discover everything you require to know!
Conclusion evaluation Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the easy to use software application. On Plus500 you can trade at low rates. You likewise have the opportunity to react to altering market conditions by positioning orders on both rising and falling prices. Plus500 Liquidity.
Do you want to discover how Plus500 works? Then instantly open a complimentary demo-account by pushing 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