Plus500 Review: our experience with this broker – Plus500 Poradnik
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument accessibility subject to regulations), Forex and stocks. In this comprehensive 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 developments at low rates. Plus500 Poradnik.
- At Plus500 you can hypothesize on cost advancements at low rates.
- You can sell an extensive range of CFD shares.
- It is possible to attempt Plus500 for free with a demo.
- 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 start trading from $100. Plus500 Poradnik.
- Plus500 does not offer sophisticated software for expert traders.
- You can not discover substantial analyses within the platform.
- Plus500 customer service is not offered by phone.
- On Plus500 you can only sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demo entirely free of charge and without risk? Use the button below to open a demo account with this broker:
We discuss the following subjects in the Plus500 evaluation:
- 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?
- Support: what assistance do you receive when trading?
- Costumer service: what is the quality of the customer service? (costumer-service).
- Reliability: Is this broker dependable? (dependability).
- Details: more information about Plus500 (info).
- Conclusion: the decision of the Plus500 evaluation (conclusion).
Opening an account with Plus500
To do this you must initially go to the Plus500 site. Click on this link * to open the Plus500 site. To create a free demo account, you just have to pick an email address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this info, you can immediately begin trading. Plus500 Poradnik.
Plus500 accepts clients from many countries. There are also nationalities that are not confessed to Plus500. Traders from for instance, 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 provide Plus500 a favorable score for opening an account. Plus500 Poradnik.
Deposit & withdraw cash
When you have actually ended up being acquainted with the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can deposit cash into your account by using one of these techniques:
- Bank transfer.
Before your deposit can be processed, you need to verify your identity. Plus500 needs to adhere to legislation and can just receive validated consumers. By verifying brand-new clients, Plus500 avoids customers from using the account for money laundering.
We have actually gone through the entire process and submitted the needed files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t have to do it once again. The length of this procedure depends upon your individual scenario and can be different for each costumer.
You can withdraw the cash into your account at any time. You can do this by moving 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 Poradnik.
On Plus500 there are no additional expenses for transferring and withdrawing money. This is a huge advantage of the broker Plus500: numerous other brokers charge a little fee for withdrawing cash. Traders can make the most of approximately 5 free withdrawals a month, after which a fee will be sustained.
Review of the costs of Plus500
When you begin trading with Plus500, you certainly 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 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 consumers.
With Plus500 you pay a spread over every deal. The spread is the distinction between the buy and sell rate of a CFD. Plus500 offers two spread systems for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread during the period a position is open vs. a Spread which does not usually change in line with general market variations while a position is open, however when the marketplace is volatile and illiquid, may alter to a brand-new level so that the underlying market conditions are better reflected. Plus500 aims to supply the tightest possible spreads at all times. Plus500 Poradnik.
Forex costs on Plus500
On Plus500 you can trade in different currency sets. At the time of writing, you are paying 0.6 pips in deal charges on the pair of EUR/ USD. We compared these costs with those of other companies and concluded that these expenses are comparable to those of other brokers. (We have actually extracted these information on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review 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 agreement. Trading cryptocurrencies is therefore relatively advantageous at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also trade in 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 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.).
Financing costs 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 need 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 over night funding buy and the over night financing offer costs. Sometimes, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this review and the funding expenses were relatively low. Still, it is necessary to remember that Plus500 is not very suitable for long-lasting trading because of the funding fees you have to pay every day. Plus500 Poradnik.
Other expenses on Plus500
We have actually thoroughly examined the costs for this review, and we have actually not discovered any bothersome hidden costs. Nevertheless, you must make sure that you visit to the platform at least once every three months. If you don’t do this, expenses for lack of exercise will be charged. This holds true with most brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? Then it is wise to withdraw the cash from your account.
You can inspect all Fees here:
Plus500 is generally made up for its services through the “market spread”. For instance, 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 provider who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Poradnik.
However, the following additional costs might be applied:
Overnight Financing – The over night funding amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night funding time and the daily over night funding portion 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 various to the currency of your account.
The Currency Conversion Charge will currently depend on 0.7% of the trade’s realised internet earnings and loss and shown in real time into the unrealised net earnings and loss of an employment opportunity.
Inactivity Fee – A cost of as much as USD 10 each month will be imposed, must you not visit to your trading account for a period of at least 3 months. This charge will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise fee will amount to the lesser of the remaining available balance in your account or USD 10 (or comparable depending on your currency). This is to offset the cost incurred in making the service readily available, despite the fact that it has not been utilized. Nevertheless, please note that the cost 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 cost, simply log into your trading account from time to time, as this is deemed sufficient activity to prevent a charge from being charged.
Guaranteed Stop Order – if you select this function, please note that as it ensures that your position (trade) closes at a particular requested rate (rate), the trade undergoes a larger spread.
Conclusion Plus500 charges
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 article about the expenses on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Software & possibilities
When you start trading, we comprehend that you naturally likewise want to utilize a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A great advantage of the WebTrader is the availability: you can log in to the platform at any time and from any location to open or close a position.
What stood apart 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 customers will for that reason not have to browse wish for buy & sell buttons on Plus500. Plus500 Poradnik.
Opening a trade
Opening a trade with Plus500 is rather simple. It is important to remember that with Plus500 you constantly sell CFDs. With Plus500 you never directly trade in a share. The only thing that determines your outcome is the distinction between the price at which you open and close the position.
When you open a position, you have 2 options. 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 rate and when you offer the CFD you get a favorable result with a falling cost. Because you use take advantage of there is a high danger of losing cash quickly due to utilize.
The alternative to speculate on a declining rate is a major advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to various market situations.
Kind of orders
With Plus500 you can instantly open an order. When you press buy or sell you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You likewise have the choice to instantly open or close the position after a specific price has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Poradnik.
It is likewise possible to put an order with Plus500. You do this by entering a price at which you automatically open the CFD position. By utilizing orders, you can achieve even much better trading results.
With Plus500 you have the choice to use an utilize. With a lever you can take a bigger position with the same amount of cash. Both your possible earnings and your prospective loss boost when you apply take advantage of. With each security you can immediately see what the optimum take advantage of is that you can use.
The existence of an utilize is an advantage in the evaluation of Plus500. You can always choose to invest with smaller sized amounts if you want to decrease your threat.
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can carry out less substantial analyses with it. It is useful to also install the mobile application. With the app you can receive cautions when the cost of a security reaches a particular worth.
The mobile application is very easy to use and it is excellent to change your orders when market conditions change considerably. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.
Trading options at Plus500
In this part of the evaluation we will go over 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 price modifications in currency pairs. You can for example place a trade on the development of the euro versus the dollar.
On Plus500 you can also sell a comprehensive series of CFD shares. The shares are nicely arranged by country, so you can quickly find a share to trade.
It’s likewise possible to trade in products by using CFDs. The most popular commodity for trading is oil. You can often apply an optimum leverage of up to 1:20 to financial investments in raw materials. When you trade in gold you can use an utilize of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Options often move strongly: a choice can in some cases increase or fall in value by tens of percent. With CFDs you can use an utilize of up to 1:20 to options, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can also sell CFDs on widely known 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 famous cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively hypothesize on their price advancements. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Poradnik.
Conclusion on the trading options at Plus500
Plus500 has a wide range of tradable CFD securities. Even reasonably unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has therefore been very positive.
Assistance & 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 various illustration options. You can draw horizontal levels to indicate price levels where the market typically moves in the opposing direction.
You can likewise include technical signs on the chart. The series of technical indications at Plus500 is enormous. You can pick from more than 100 various alternatives. It is smart to utilize technical indications. By utilizing technical indications, you can perform much better analyses.
The technical analysis alternatives within the Plus500 software application are comprehensive. It is bothersome that you can not conserve numerous charts. This suggests that you need to repeat the analyzes routinely. Professional investors would need to download other programs to carry out more complex analyses.
Research and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these options are entirely missing. There are no courses or webinars available at Plus500. This is a drawback for individuals who join Plus500 to learn how to trade better.
It is useful that you get a notice within the Plus500 software when intriguing advancements happen. When the cost of, for instance, oil falls greatly, you will get a notification of this event. You can then decide on your own whether you wish to take a position on the market advancement. Plus500 Poradnik.
Within the Plus500 software you can likewise see how other users sell a security. By looking at the positions other traders take, you can see whether there are more purchasers or sellers. Other essential data is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.
Plus500 has a thorough and quick customer support that is offered in more than 30 languages. Your problems can be fixed quickly in your language.
It is recommended to get in touch with customer support via live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be resolved almost right away.
It is likewise possible to email Plus500. Mails are typically responded to within a day. It is a pity that no telephone number is offered. This makes it difficult to speak directly to someone. Due to the fast processing time, Plus500 still ratings sufficiently in regards to customer support. Plus500 Poradnik.
Security & dependability
Prior to 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 trustworthy Plus500 is.
Supervisors ensure that brokers abide by the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed by the CySEC (# 250/14).
- Plus500SG Pte Ltd, accredited 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 service provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy additional security if Plus500 declares bankruptcy. This is done through a so-called investor protection fund. All customer funds are held in a segregated client savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually also set a number of extra guidelines to guarantee that your money is as safe as possible on Plus500. Below you can discover an overview of these measurements:
Plus500 will never ever speculate with customers’ money. All funds are stored in a different bank account, which indicates that this cash is safe when unanticipated things occur with Plus500. And last but not least, on Plus500 you are protected against a negative balance, because he Unfavorable balance security is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual debt. Plus500 Poradnik.
Plus500 is 100% no rip-off. Plus500 safely manages client properties. The business is likewise monitored. Plus500 has been around given that 2008 and is even listed on the London stock market. These are all excellent indications that Plus500 is reliable and we have actually come to that conclusion ourselves.
About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active consumers 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 company can be found in Israel, however they have opened several additional workplaces in other nations. Do you need to know more about the Plus500 business? In this article you will discover whatever you require to know!
Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the easy to use software. On Plus500 you can trade at low rates. You likewise have the opportunity to react to altering market conditions by positioning orders on both fluctuating costs. Plus500 Poradnik.
Do you wish to discover how Plus500 works? Immediately open a totally free demo-account by pushing the button listed below: