Plus500 Review: our experience with this broker – Plus500 Review 2015
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to policies), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can react to the latest market developments at low rates. Plus500 Review 2015.

Plus500 Review 2015

Advantage Plus500

• At Plus500 you can speculate on price advancements at low rates.
• You can sell a substantial series of CFD shares.
• It is possible to attempt Plus500 for free with a demonstration.
• On Plus500 you can use the easy to use web trader.
• Plus500 uses its services in more than 30 different languages.
• On Plus500 you can begin trading from $100. Plus500 Review 2015.

 

Disadvantages Plus500

• Plus500 does not offer innovative software for professional traders.
• You can not discover substantial analyses within the platform.
• Plus500 client service is not available by phone.
• On Plus500 you can only sell 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 demonstration account with this broker:

Plus500 Review 2015

We talk about the following subjects in the Plus500 evaluation:

• Open account: how can you open an account with Plus500?
• Deposit money: how can you transfer and withdraw cash?
• Costs: just how much does trading cost on Plus500?
• Functionalities: what are the possibilities of the software?
• Trading options: in what securities you trade on Plus500?
• Support: what support do you get when trading?
• Client service: what is the quality of the client service? (costumer-service).
• Reliability: Is this broker dependable? (dependability).
• Info: more information about Plus500 (info).
• Conclusion: the decision of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should initially check out the Plus500 site. Click on this link * to open the Plus500 site. To create a free demo account, you simply need to select an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have actually left this details, you can instantly start trading. Plus500 Review 2015.

Plus500 accepts consumers from the majority of nations. 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 offer Plus500 a positive score for opening an account. Plus500 Review 2015.

 

Deposit & withdraw cash
When you have become familiar with the Plus500 platform, you can change to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using among these techniques:

• Creditcard.
• Bank transfer.
• PayPal.
• Skrill.
• iDEAL

Before your deposit can be processed, you should confirm your identity. Plus500 needs to adhere to legislation and can just get verified consumers. By validating new clients, Plus500 avoids costumers from using the represent cash laundering.

We’ve gone through the entire procedure 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 need to do it once again. The length of this process depends on your personal scenario and can be different for each customer.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the money to your checking account or PayPal account. The transfer is made quickly and the money will be in your account within a couple of days. Plus500 Review 2015.

 

On Plus500 there are no extra costs for transferring and withdrawing money. This is a big advantage of the broker Plus500: lots of other brokers charge a small cost for withdrawing cash. Traders can take advantage of approximately 5 complimentary withdrawals a month, after which a charge will be incurred.

Plus500 Review 2015

Review of the expenses of Plus500
When you start trading with Plus500, you obviously do not want a big part of your money to be lost to high deal expenses. In this part of the review, we take a comprehensive take a look at the charges of trading with Plus500. Below we briefly take a look at which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell price of a CFD. Plus500 provides two spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread out during the duration a position is open vs. a Spread which does not normally alter in line with general market fluctuations while a position is open, however when the marketplace is unstable and illiquid, may change to a new level so that the underlying market conditions are much better shown. Plus500 intends to provide the tightest possible spreads at all times. Plus500 Review 2015.

 

Forex costs 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 costs are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can likewise sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively advantageously costs 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 fairly helpful at Plus500. (We have drawn out 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 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 picture on April 20, 2020 at 13:00.).

 

Financing costs at Plus500
With Plus500 you have the choice to trade on margin. Because you can trade on margin, you do not have to put in the total of the trading position yourself. However, you do need to pay a premium for this.

With each security you will see the over night financing buy and the overnight funding offer expenses. In many cases, you actually receive a premium for short positions. We compared Plus500 with other celebrations for this review and the financing expenses were reasonably low. Still, it is important to keep in mind that Plus500 is not very suitable for long-term trading because of the financing fees you need to pay every day. Plus500 Review 2015.

 

Other costs on Plus500
We have extensively investigated the costs for this review, and we have not found any frustrating hidden expenses. Nevertheless, you need to ensure that you visit to the platform at least once every three months. If you do not do this, costs for lack of exercise will be charged. This is the case with many brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? It is wise to withdraw the cash from your account.

 

You can check all Costs here:

Plus500 is mainly 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 service providers who also charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Review 2015.

The following extra costs may be applied:

Overnight Financing – The over night funding amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The over night financing time and the day-to-day overnight funding portion can be discovered 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 Charge for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Cost will currently 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 employment opportunity.

Lack of exercise Cost – A fee of approximately USD 10 per month will be levied, ought to you not visit to your trading represent a period of a minimum of three months. This cost will be charged once a month from that moment onwards, as long as no login is made to the account. The lack of exercise charge will be equal to the lesser of the staying available balance in your account or USD 10 (or comparable depending on your currency). This is to balance out the expense incurred in making the service readily available, despite the fact that it has actually not been used. However, please note that the fee is only collected from the Real Cash account and just when there suffice available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered adequate activity to prevent a fee from being charged.

Surefire Stop Order – if you choose this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (cost), the trade undergoes 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 look at the various costs you pay when you trade with Plus500.

Plus500 Review 2015

Software application & possibilities
When you start trading, we comprehend that you naturally also want to use a good software package. With Plus500 trading is mainly done through the online WebTrader. An excellent advantage of the WebTrader is the availability: you can visit to the platform at any time and from any place to open or close a position.

What stuck out in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly find the CFD in which you wish to trade. New clients will for that reason not have to browse long for purchase & offer buttons on Plus500. Plus500 Review 2015.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to keep in mind that with Plus500 you always sell CFDs. With Plus500 you never ever directly trade in a share. The only thing that determines your outcome is the distinction in between the price at which you open and close the position.

When you open a position, you have 2 choices. You can purchase the CFD or you can go short on the CFD. When you buy the CFD you get a positive outcome 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 danger of losing cash rapidly due to utilize.

 

The choice to hypothesize on a declining price is a significant benefit within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to different market circumstances.

 

Type of orders
With Plus500 you can immediately 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 also have the choice to automatically open or close the position after a particular cost has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Review 2015.

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 outcomes.

 

Leverage
With Plus500 you have the alternative to use a leverage. With a lever you can take a larger position with the same quantity of money. Both your potential revenue and your potential loss increase when you apply take advantage of. With each security you can right away see what the maximum utilize is that you can apply.

The existence of an utilize is a benefit in the review of Plus500. You can always choose to invest with smaller sized amounts if you wish to lower your danger.

 

Mobile application
On Plus500 you can likewise trade with the mobile application they provide. The mobile application is less substantial than the WebTrader. You can perform less substantial analyses with it. Nonetheless, it works to also install the mobile application. With the app you can get warnings when the rate of a security reaches a particular value.

The mobile application is extremely easy to use and it is good to change your orders when market conditions alter considerably. The mobile application is for that reason a strength in our evaluation of the Plus500 platform.

Plus500 Review 2015

Trading alternatives at Plus500
In this part of the evaluation we will discuss the various kinds of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on rate changes in currency pairs. You can for example location a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can also sell an extensive range of CFD shares. The shares are nicely sorted by country, so you can quickly find a share to trade.

Commodities
It’s likewise possible to trade in products by utilizing CFDs. The most popular product for trading is oil. You can frequently use a maximum utilize of approximately 1:20 to financial investments in basic materials. When you sell gold you can use an utilize of 1:20.

Options
On Plus500 you can likewise sell CFDs on alternatives. Options often move highly: an option can sometimes rise or fall in worth by tens of percent. With CFDs you can use an utilize of as much as 1:20 to options, which even more increases your potential gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on well-known indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.

Cryptocurrencies
At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively speculate on their price advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Review 2015.

Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even reasonably unidentified regional stocks can often be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all nations. My experience with Plus50 has actually for that reason been really favorable.

 

Assistance & research
In this part of the evaluation, we investigate how Plus500 supports traders.

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can utilize various drawing alternatives. You can draw horizontal levels to show price levels where the marketplace frequently moves in the opposing direction.

You can also add technical signs on the graph. The range of technical signs at Plus500 is massive. You can choose from more than 100 different options. It is smart to use technical indicators. By utilizing technical indicators, you can execute better analyses.

The technical analysis options within the Plus500 software application are substantial. However, it is inconvenient that you can not conserve several graphs. This means that you need to repeat the evaluates frequently. Expert investors would have to download other programs to carry out more complex analyses.

 

Research study and education
In this review we can be fast about the possibilities of research and education: at Plus500 these options are entirely missing. There are no courses or webinars available at Plus500. This is a disadvantage for people who sign up with Plus500 to find out how to trade much better.

It is useful that you get a notification within the Plus500 software application when intriguing developments take place. When the cost of, for example, oil falls greatly, you will receive a notification of this occasion. You can then decide for yourself whether you wish to take a position on the marketplace development. Plus500 Review 2015.

Within the Plus500 software application 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 buyers or sellers. Other basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.

 

Customer support
Plus500 has an extensive and fast customer care that is readily available in more than 30 languages. Your problems can be solved rapidly in your language.

It is suggested to get in touch with client 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 typically answered within a day. It is a pity that no telephone number is available. This makes it impossible to speak directly to somebody. Due to the quick processing time, Plus500 still scores sufficiently in regards to client service. Plus500 Review 2015.

 

Security & reliability
Prior to you deposit money with a business, you naturally need to know that it is totally safe and secure to do so. In this part of the evaluation, we look at how dependable Plus500 is.

Guideline
Supervisors ensure that brokers follow the guidelines. Plus500 is monitored by:

• Plus500UK Ltd authorized & managed by the FCA (# 509909).
• Plus500CY Ltd licensed & 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; licensed monetary company in South Africa, FSP # 47546.

Security of your deposits
Depending upon your nationality, you enjoy additional defense if Plus500 goes bankrupt. This is done through a so-called financier security fund. All customer funds are held in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set a number of extra rules to make sure that your money is as protected as possible on Plus500. Listed below you can find an introduction of these measurements:

Plus500 will never speculate with consumers’ cash. All funds are saved in a different checking account, which suggests that this money is secure when unforeseen things occur with Plus500. And lastly, on Plus500 you are secured against an unfavorable balance, since he Unfavorable balance security is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never ever be entrusted a recurring financial obligation. Plus500 Review 2015.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 securely handles customer assets. The business is also monitored. Plus500 has been around considering 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.

Plus500 Review 2015

About the company
Plus500 was founded in 2008 and has actually grown strongly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active clients in 2019. Plus500 performed over 35 million transactions with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, but they have actually opened several extra offices in other countries. Do you need to know more about the Plus500 business? In this article you will find whatever you require to know!

Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software application. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to altering market conditions by positioning orders on both rising and falling rates. Plus500 Review 2015.

Do you wish to discover how Plus500 works? Immediately open a complimentary demo-account by pushing the button below: