Plus500 Review: our experience with this broker – Plus500 Short Tracker
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to guidelines), Forex and stocks. In this extensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the current market developments at low rates. Plus500 Short Tracker.
Plus500 Short Tracker
- At Plus500 you can hypothesize on cost developments at low rates.
- You can trade in an extensive series of CFD shares.
- It is possible to try Plus500 totally free with a demonstration.
- On Plus500 you can utilize the user-friendly web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can begin trading from $100. Plus500 Short Tracker.
- Plus500 does not provide innovative software application for professional traders.
- You can not discover extensive analyses within the platform.
- Plus500 customer service is not readily available by phone.
- On Plus500 you can only sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without danger? Utilize the button listed below to open a demonstration account with this broker:
Plus500 Short Tracker
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 transfer and withdraw cash?
- Costs: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- Trading choices: in what securities you trade on Plus500?
- Assistance: what support do you get when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker dependable? (reliability).
- Information: more details about Plus500 (info).
- Conclusion: the verdict of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you must first check out the Plus500 site. Click on this link * to open the Plus500 website. To create a totally free demo account, you just have to pick an e-mail address and a password. It is likewise possible to visit with your Facebook or Google account. After you have left this details, you can instantly start trading. Plus500 Short Tracker.
Plus500 accepts customers from most nations. Nevertheless, there are likewise nationalities that are not admitted 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 evaluation, we therefore offer Plus500 a favorable score for opening an account. Plus500 Short Tracker.
Deposit & withdraw cash
When you have become acquainted with the Plus500 platform, you can change to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by utilizing among these techniques:
- Bank transfer.
Prior to your deposit can be processed, you must verify your identity. Plus500 should abide by legislation and can just get confirmed customers. By confirming brand-new customers, Plus500 prevents clients from utilizing the represent money laundering.
We’ve gone through the entire process and published the needed documents. Our account was approved and launched 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 various for each customer.
You can withdraw the money 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 cash will remain in your account within a few days. Plus500 Short Tracker.
On Plus500 there are no extra expenses for transferring and withdrawing cash. This is a big benefit of the broker Plus500: many other brokers charge a small fee for withdrawing cash. Traders can take advantage of up to 5 complimentary withdrawals a month, after which a charge will be sustained.
Plus500 Short Tracker
Review of the costs of Plus500
When you start trading with Plus500, you obviously do not want a large part of your money to be lost to high transaction costs. In this part of the evaluation, we take a detailed look at the costs of trading with Plus500. Below we quickly examine which costs Plus500 hands down to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell cost of a CFD. Plus500 provides 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 normally alter in line with general market fluctuations 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 better reflected. Nevertheless, Plus500 intends to offer the tightest possible spreads at all times. Plus500 Short Tracker.
Forex costs on Plus500
On Plus500 you can trade in different currency pairs. At the time of writing, you are paying 0.6 pips in deal fees on the pair of EUR/ USD. We compared these costs with those of other providers and concluded that these expenses are comparable to those of other brokers. (We have drawn out these information on the 2th of June 14:00.).
Cryptocurrency expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade versus relatively advantageously fees 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 relatively beneficial at Plus500. (We have drawn out these information on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can likewise 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 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 need to put in the total of the trading position yourself. Nevertheless, you do need to pay a premium for this.
With each security you will see the overnight financing buy and the overnight financing sell expenses. In many cases, you really get a premium for short positions. We compared Plus500 with other parties for this evaluation and the funding expenses were fairly low. Still, it is important to keep in mind that Plus500 is not really suitable for long-lasting trading because of the financing fees you need to pay every day. Plus500 Short Tracker.
Other costs on Plus500
We have thoroughly examined the costs for this review, and we have not discovered any frustrating hidden expenses. However, you must ensure that you visit to the platform at least once every 3 months. If you do not do this, costs for lack of exercise will be charged. This is the case with most brokers.
Do you have an account with Plus500 and are you not planning to trade for a while? Then it is smart to withdraw the money from your account.
You can inspect 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 indicates a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Short Tracker.
The following additional charges might be applied:
Overnight Financing – The overnight financing quantity is either contributed to or subtracted from your account when holding a position after a particular time (the “Overnight Financing Time”).
The overnight financing time and the daily over night funding percentage can be found in the “Details” link next to the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee 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 charge of up to USD 10 monthly will be levied, should you not visit to your trading represent a duration of at least 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 inactivity fee will amount to the lower of the remaining available balance in your account or USD 10 (or comparable depending upon your currency). This is to offset the cost 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 only when there suffice offered funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is deemed sufficient 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 specific requested rate (price), the trade goes through a larger spread.
Conclusion Plus500 costs
The costs 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 different costs you pay when you trade with Plus500.
Plus500 Short Tracker
Software & possibilities
When you start trading, we understand that you naturally also want to utilize a good software package. With Plus500 trading is primarily done via the online WebTrader. A great advantage of the WebTrader is the accessibility: you can log in to the platform at any time and from any area to open or close a position.
What stood out 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 customers will therefore not have to browse wish for purchase & sell buttons on Plus500. Plus500 Short Tracker.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is important to keep in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your result is the difference in 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 buy the CFD you get a favorable outcome with a rising rate and when you offer the CFD you get a positive result with a falling cost. Because you utilize utilize there is a high risk of losing cash rapidly due to leverage.
The choice to hypothesize on a decreasing cost is a significant advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to react to various market situations.
Type of orders
With Plus500 you can right away open an order. When you press purchase or offer you will see the screen listed below:
In the order screen you can enter the quantity you want to trade with. You likewise have the option to immediately open or close the position after a particular cost has been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Short Tracker.
It is likewise possible to position an order with Plus500. You do this by going into a cost at which you immediately open the CFD position. By using orders, you can attain even better trading outcomes.
Take advantage of
With Plus500 you have the option to use an utilize. With a lever you can take a bigger position with the same amount of money. Both your potential profit and your prospective loss boost when you apply take advantage of. With each security you can right away see what the maximum take advantage of is that you can apply.
The presence of an utilize is an advantage in the review of Plus500. You can always decide to invest with smaller amounts if you want to reduce your risk.
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can perform less comprehensive analyses with it. Nonetheless, it works to also install the mobile application. With the app you can receive warnings when the cost of a security reaches a particular worth.
The mobile application is very 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.
Plus500 Short Tracker
Trading options at Plus500
In this part of the evaluation we will discuss the various types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you speculate on cost changes in currency pairs. You can for example place a trade on the development of the euro against the dollar.
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are nicely sorted by nation, so you can rapidly find a share to trade.
It’s likewise possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can frequently apply an optimum utilize of as much as 1:20 to financial 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 alternatives. Alternatives frequently move highly: a choice can often increase or fall in worth by tens of percent. With CFDs you can use an utilize of as much as 1:20 to choices, which further increases your possible gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on well-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 unstable and it can therefore be interesting to actively speculate on their price developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument schedule subject to guidelines”). Plus500 Short Tracker.
Conclusion on the trading alternatives at Plus500
Plus500 has a large range of tradable CFD securities. Even relatively unknown regional stocks can typically be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has actually therefore been really favorable.
Assistance & research
In this part of the review, we examine how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software application you can use different illustration options. You can draw horizontal levels to indicate price levels where the market typically moves in the opposing direction.
You can also include technical indications on the chart. The series of technical indications at Plus500 is massive. You can choose from more than 100 different options. It is wise to utilize technical indications. By using technical indications, you can perform much better analyses.
The technical analysis alternatives within the Plus500 software application are extensive. Nevertheless, it is troublesome that you can not conserve several graphs. This means that you need to duplicate the analyzes frequently. Expert financiers would need to download other programs to perform more complex analyses.
Research study and education
In this review we can be quick about the possibilities of research and education: at Plus500 these alternatives are totally missing out on. There are no courses or webinars offered at Plus500. This is a drawback for people who join Plus500 to discover how to trade much better.
It is useful that you receive a notification within the Plus500 software when fascinating developments occur. When the cost of, for example, oil falls greatly, you will get a notification of this event. You can then choose for yourself whether you want to take a position on the marketplace advancement. Plus500 Short Tracker.
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 buyers or sellers. Other essential data is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.
Plus500 has an extensive and quick customer care that is available in more than 30 languages. Your issues can be solved quickly in your language.
It is advised to call customer care through live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be fixed nearly right away.
It is also possible to email Plus500. Mails are frequently addressed within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak straight to somebody. Due to the quick processing time, Plus500 still scores sufficiently in regards to client service. Plus500 Short Tracker.
Security & reliability
Before you transfer cash with a business, you naturally wish to know that it is entirely safe and secure to do so. In this part of the evaluation, we take a look at how reliable Plus500 is.
Supervisors ensure that brokers adhere to the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & regulated by the FCA (# 509909).
- Plus500CY Ltd licensed & controlled 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial company in South Africa, FSP # 47546.
Security of your deposits
Depending on your citizenship, you enjoy extra security if Plus500 goes bankrupt. This is done through a so-called investor defense fund. All customer funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set numerous additional guidelines to guarantee that your money is as protected as possible on Plus500. Below you can discover an overview of these measurements:
Plus500 will never hypothesize with customers’ cash. All funds are kept in a different bank account, which suggests that this money is secure when unanticipated things happen with Plus500. And finally, on Plus500 you are safeguarded against a negative balance, because he Unfavorable balance defense is a regulative requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a recurring financial obligation. Plus500 Short Tracker.
Plus500 is 100% no scam. Plus500 securely handles consumer properties. The company is likewise supervised. Plus500 has been around given that 2008 and is even listed on the London stock market. These are all excellent signs that Plus500 is trustworthy and we have actually concerned that conclusion ourselves.
Plus500 Short Tracker
About the business
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 consumers in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The headquarters of the company can be found in Israel, but they have opened numerous extra workplaces in other countries. Do you need to know more about the Plus500 company? In this post you will find everything you need to know!
Conclusion review 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 easy to use software. On Plus500 you can trade at low rates. You likewise have the opportunity to respond to altering market conditions by putting orders on both fluctuating prices. Plus500 Short Tracker.
Do you want to find how Plus500 works? Then instantly open a totally free 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