Plus500 Evaluation: our experience with this broker – Plus500 No Leverage
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to regulations), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can respond to the most recent market advancements at low rates. Plus500 No Leverage.
Plus500 No Leverage
- At Plus500 you can hypothesize on price developments at low rates.
- You can sell a substantial variety of CFD shares.
- It is possible to attempt Plus500 totally free with a demonstration.
- On Plus500 you can use the easy to use web trader.
- Plus500 provides its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 No Leverage.
- Plus500 does not supply innovative software for expert traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer service 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 demo entirely free of charge and without risk? Utilize the button listed below to open a demo account with this broker:
Plus500 No Leverage
We discuss 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 cash?
- Costs: just how much does trading cost on Plus500?
- Performances: what are the possibilities of the software?
- Trading choices: in what securities you trade on Plus500?
- Assistance: what assistance do you get when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker reputable? (dependability).
- Details: more info about Plus500 (information).
- Conclusion: the verdict of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you need to initially check out the Plus500 website. Click here * to open the Plus500 website. To develop a totally free demonstration account, you simply need to pick 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 No Leverage.
Plus500 accepts clients from many countries. There are likewise citizenships that are not confessed 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 review, we therefore provide Plus500 a positive score for opening an account. Plus500 No Leverage.
Deposit & withdraw cash
When you have actually ended up being knowledgeable about the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by utilizing one of these methods:
- Bank transfer.
Before your deposit can be processed, you should validate your identity. Plus500 needs to adhere to legislation and can only receive validated consumers. By verifying new costumers, Plus500 prevents clients from utilizing the represent cash laundering.
We’ve gone through the entire process and published the required documents. Our account was approved and launched by Plus500 within an hour. After confirming the identity of your account, you don’t have to do it again. The length of this process depends on your personal situation and can be different for each customer.
You can withdraw the cash into your account at any time. You can do this by moving the money to your checking account or PayPal account. The transfer is made quickly and the money will be in your account within a few days. Plus500 No Leverage.
On Plus500 there are no extra costs for transferring and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a small cost for withdrawing cash. Traders can take advantage of approximately 5 totally free withdrawals a month, after which a charge will be sustained.
Plus500 No Leverage
Review of the costs of Plus500
When you begin trading with Plus500, you undoubtedly do not desire a big part of your money to be lost to high deal costs. In this part of the evaluation, we take a comprehensive take a look at the costs of trading with Plus500. Below we quickly take a look at which costs Plus500 passes on to its clients.
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell cost of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the marketplace spread during the duration a position is open vs. a Spread which does not usually alter in line with general market variations while a position is open, but when the market is unstable and illiquid, might alter to a brand-new level so that the underlying market conditions are much better shown. Nevertheless, Plus500 aims to offer the tightest possible spreads at all times. Plus500 No Leverage.
Forex expenses on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in transaction fees 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 data 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 versus relatively 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 reasonably advantageous at Plus500. (We have actually drawn out these information on the 2th of June 14:00.).
Share costs 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 for that reason possible at a low cost. (Please keep in mind that this is a photo on April 20, 2020 at 13:00.).
Funding expenses at Plus500
With Plus500 you have the choice to trade on margin. Due to the fact that you can trade on margin, you do not have to put in the total of the trading position yourself. You do have to pay a premium for this.
With each security you will see the overnight funding buy and the overnight funding sell expenses. In many cases, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this evaluation and the funding expenses were reasonably low. Still, it is very important to bear in mind that Plus500 is not really appropriate for long-term trading because of the financing costs you have to pay on a daily basis. Plus500 No Leverage.
Other costs on Plus500
We have actually extensively examined the expenses for this evaluation, and we have actually not found any annoying covert expenses. However, you must guarantee that you visit to the platform at least when every three months. If you do not do this, expenses for inactivity will be charged. This is the case with the majority of brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is a good idea to withdraw the cash from your account.
You can check all Charges here:
Plus500 is generally 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 provider who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 No Leverage.
The following extra fees may be used:
Overnight Funding – The over night financing quantity is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight financing time and the daily over night financing percentage can be discovered in the “Particulars” link next to the instrument’s name on the primary screen of the platform.
Currency Conversion Cost – 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 be up to 0.7% of the trade’s understood internet earnings and loss and shown in real time into the unrealised net earnings and loss of an open position.
Lack of exercise Charge – A fee of up to USD 10 each month will be imposed, ought to you not log in to your trading represent a duration of a minimum of 3 months. This cost will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lesser of the staying available balance in your account or USD 10 (or equivalent depending upon your currency). This is to balance out the cost incurred in making the service offered, despite the fact that it has actually not been used. Please note that the charge is only collected from the Real Money account and only when there are sufficient readily available funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered sufficient activity to prevent a charge from being charged.
Guaranteed Stop Order – if you choose this function, please note that as it ensures that your position (trade) closes at a particular requested rate (rate), 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 short article about the costs on Plus500, we take a closer take a look at the different expenses you pay when you trade with Plus500.
Plus500 No Leverage
Software & possibilities
When you begin trading, we comprehend that you obviously also wish to use a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic benefit of the WebTrader is the availability: 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 clients will for that reason not need to search wish for buy & sell buttons on Plus500. Plus500 No Leverage.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to bear in mind that with Plus500 you constantly sell CFDs. With Plus500 you never straight sell a share. The only thing that identifies your result is the difference between the cost at which you open and close the position.
When you open a position, you have 2 alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive outcome with a rising price and when you offer the CFD you get a favorable result with a falling price. Considering that you use leverage there is a high threat of losing cash rapidly due to take advantage of.
The option to hypothesize on a declining rate is a major benefit within the Plus500 platform. The option to brief sell increases your flexibility and makes it possible to react to various market circumstances.
Type of orders
With Plus500 you can instantly open an order. When you push purchase or offer you will see the screen listed below:
In the order screen you can get in the amount you wish to trade with. You likewise have the choice to automatically open or close the position after a particular price has actually been reached. This makes it possible to secure you trades when you have to go out. Plus500 No Leverage.
It is also possible to position an order with Plus500. You do this by going into a price at which you instantly open the CFD position. By utilizing orders, you can accomplish even much better trading results.
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the very same amount of money. Both your potential profit and your prospective loss increase when you apply take advantage of. With each security you can right away see what the optimum take advantage of is that you can apply.
The existence 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 want to lower your danger.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less substantial analyses with it. Nonetheless, it is useful to also install the mobile application. With the app you can receive cautions when the rate of a security reaches a specific value.
The mobile application is really easy to use and it is excellent to change your orders when market conditions change substantially. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Plus500 No Leverage
Trading options at Plus500
In this part of the evaluation we will talk about 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 hypothesize on cost modifications in currency sets. You can for example place a trade on the advancement of the euro against the dollar.
On Plus500 you can likewise sell an extensive range of CFD shares. The shares are nicely arranged by country, so you can rapidly discover a share to trade.
It’s also possible to sell products by utilizing CFDs. The most popular product for trading is oil. You can often use a maximum utilize of approximately 1:20 to financial investments in basic materials. When you sell gold you can apply an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on options. Choices typically move strongly: a choice can sometimes rise or fall in worth by tens of percent. With CFDs you can use a leverage of as much as 1:20 to alternatives, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on popular indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are very unstable and it can for that reason be interesting to actively hypothesize on their rate developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to guidelines”). Plus500 No Leverage.
Conclusion on the trading alternatives at Plus500
Plus500 has a vast array of tradable CFD securities. Even reasonably unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has actually therefore been extremely favorable.
Support & research
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 utilize various drawing options. You can draw horizontal levels to show price levels where the marketplace typically moves in the opposing direction.
You can also add technical indicators on the graph. The range of technical signs at Plus500 is huge. You can select from more than 100 various options. It is wise to use technical signs. By using technical signs, you can perform much better analyses.
The technical analysis options within the Plus500 software application are comprehensive. However, it is inconvenient that you can not save several graphs. This indicates that you have to repeat the examines routinely. Expert investors would have to download other programs to carry out more complex analyses.
Research study and education
In this evaluation we can be fast about the possibilities of research and education: at Plus500 these options are completely missing out on. There are no courses or webinars readily available at Plus500. This is a drawback for individuals who sign up with Plus500 to learn how to trade better.
It is useful that you get a notification within the Plus500 software when fascinating advancements occur. When the price of, for instance, oil falls dramatically, you will receive an alert of this event. You can then decide for yourself whether you want to take a position on the marketplace development. Plus500 No Leverage.
Within the Plus500 software application 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 purchasers or sellers. Other basic data is missing with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has a comprehensive and quick customer support that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is suggested to contact customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be resolved nearly right away.
It is also possible to email Plus500. Mails are often responded to within a day. It is a pity that no telephone number is offered. This makes it impossible to speak straight to someone. Due to the fast processing time, Plus500 still ratings sufficiently in regards to customer care. Plus500 No Leverage.
Security & reliability
Prior to you deposit money with a business, you naturally wish to know that it is completely safe to do so. In this part of the review, we take a look at how reputable Plus500 is.
Supervisors make sure that brokers follow 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 company in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you take pleasure in additional protection if Plus500 goes bankrupt. 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 also set a number of extra guidelines to guarantee that your cash is as safe as possible on Plus500. Listed below you can discover an overview of these measurements:
Plus500 will never ever speculate with consumers’ money. All funds are kept in a separate checking account, which implies that this cash is safe and secure when unforeseen things happen with Plus500. And last but not least, on Plus500 you are safeguarded against an unfavorable balance, because he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a residual financial obligation. Plus500 No Leverage.
Plus500 is 100% no scam. Plus500 securely handles customer possessions. The business is also monitored. Plus500 has been around given that 2008 and is even noted on the London stock market. These are all excellent signs that Plus500 is reputable and we have concerned that conclusion ourselves.
Plus500 No Leverage
About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active consumers in 2019. Plus500 carried out over 35 million deals with a worth of over $1,000 billion in one year. The head office of the business can be found in Israel, however they have opened several extra workplaces in other countries. Do you want to know more about the Plus500 company? In this article you will find everything you need to understand!
Conclusion review 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 react to altering market conditions by putting orders on both rising and falling rates. Plus500 No Leverage.
Do you want to find how Plus500 works? Instantly open a complimentary 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