Plus500 Evaluation: our experience with this broker – Plus500 Sofia
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to guidelines), 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 react to the latest market developments at low rates. Plus500 Sofia.

Plus500 Sofia

Benefit Plus500

• At Plus500 you can speculate on rate developments at low rates.
• You can trade in an extensive range of CFD shares.
• It is possible to attempt Plus500 for free with a demo.
• 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 Sofia.

 

Disadvantages Plus500

• Plus500 does not provide advanced software application for professional traders.
• You can not find substantial analyses within the platform.
• Plus500 client service is not offered by phone.
• On Plus500 you can only sell CFDs.

Would you like to try the possibilities at Plus500 with a demo entirely free of charge and without danger? Utilize the button listed below to open a demonstration account with this broker:

Plus500 Sofia

We discuss the following topics 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?
• Functionalities: what are the possibilities of the software application?
• Trading choices: in what securities you trade on Plus500?
• Assistance: what assistance do you receive when trading?
• Customer service: what is the quality of the costumer service? (costumer-service).
• Reliability: Is this broker trusted? (reliability).
• Information: more information about Plus500 (details).
• Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you must first check out the Plus500 website. Click on this link * to open the Plus500 site. To develop a totally free demo account, you just need to choose an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have left this information, you can immediately begin trading. Plus500 Sofia.

Plus500 accepts consumers from the majority of countries. However, there are also citizenships that are not confessed 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 for that reason provide Plus500 a positive score for opening an account. Plus500 Sofia.

 

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

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

Before your deposit can be processed, you should confirm your identity. Plus500 needs to abide by legislation and can just get confirmed consumers. By verifying brand-new costumers, Plus500 avoids costumers from using the account for money laundering.

We’ve gone through the whole process and published the needed files. Our account was authorized and released by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it again. The length of this procedure depends upon your individual circumstance and can be various for each costumer.

 

Withdraw money
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 rapidly and the cash will remain in your account within a couple of days. Plus500 Sofia.

 

On Plus500 there are no additional costs for depositing and withdrawing cash. This is a huge advantage of the broker Plus500: many other brokers charge a small cost for withdrawing money. Traders can benefit from as much as 5 free withdrawals a month, after which a charge will be incurred.

Plus500 Sofia

Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a big part of your money to be lost to high deal costs. In this part of the evaluation, we take an in-depth take a look at the costs of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference in between the buy and sell price of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the marketplace spread throughout the period a position is open vs. a Spread which does not normally change in line with general market fluctuations while a position is open, but when the market is unpredictable and illiquid, may change to a brand-new level so that the underlying market conditions are much better shown. Plus500 aims to provide the tightest possible spreads at all times. Plus500 Sofia.

 

Forex costs on Plus500
On Plus500 you can sell various currency pairs. At the time of composing, you are paying 0.6 pips in transaction costs on the pair of EUR/ USD. We compared these costs with those of other service providers and concluded that these expenses are comparable to those of other brokers. (We have actually extracted these data on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can likewise trade in 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 agreement. Trading cryptocurrencies is therefore relatively advantageous at Plus500. (We have actually extracted these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can likewise trade in shares by using CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the total value. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a picture on April 20, 2020 at 13:00.).

 

Financing expenses at Plus500
With Plus500 you have the option to trade on margin. Since 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 overnight financing buy and the over night financing sell costs. In some cases, you really get a premium for short positions. We compared Plus500 with other celebrations for this review and the financing expenses were reasonably low. Still, it is essential to bear in mind that Plus500 is not extremely suitable for long-lasting trading because of the financing costs you have to pay on a daily basis. Plus500 Sofia.

 

Other expenses on Plus500
We have actually extensively investigated the expenses for this review, and we have actually not discovered any annoying hidden costs. However, you must ensure that you visit to the platform at least once every 3 months. If you do not do this, expenses for inactivity 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 cash from your account.

 

You can examine 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 Sofia.

However, the following additional fees might be used:

Overnight Funding – The over night funding quantity is either contributed to or subtracted from your account when holding a position after a specific time (the “Overnight Financing Time”).
The overnight financing time and the daily over night funding portion can be discovered in the “Details” link next to the instrument’s name on the primary screen of the platform.

Currency Conversion Fee – 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 understood internet revenue and loss and shown in real time into the unrealised net earnings and loss of an employment opportunity.

Inactivity Cost – A fee of approximately USD 10 per month will be imposed, must you not visit to your trading represent a duration of at least 3 months. This charge will be charged as soon as 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 lower of the staying readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the expense sustained in making the service available, even though it has not been used. Please note that the charge is just collected from the Real Money account and just when there are adequate 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 deemed adequate activity to prevent a charge from being charged.

Guaranteed Stop Order – if you pick this function, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade is subject to a wider spread.

 

Conclusion Plus500 costs
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 short article about the costs on Plus500, we take a closer take a look at the various expenses you pay when you trade with Plus500.

Plus500 Sofia

Software & possibilities
When you begin trading, we comprehend that you naturally also want to utilize a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A fantastic advantage of the WebTrader is the ease of access: you can log in to the platform at any time and from any place to open or close a position.

What stood 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 therefore not need to browse wish for purchase & sell buttons on Plus500. Plus500 Sofia.

 

Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to bear in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never ever directly sell 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 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 an increasing price and when you offer the CFD you get a positive result with a falling cost. Considering that you utilize take advantage of there is a high risk of losing cash rapidly due to leverage.

 

The option to speculate on a declining cost is a major benefit within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to different market circumstances.

 

Type of orders
With Plus500 you can instantly open an order. When you push buy or offer you will see the screen below:

In the order screen you can get in the amount you wish to trade with. You also have the option to immediately open or close the position after a specific cost has actually been reached. This makes it possible to protect you trades when you need to go out. Plus500 Sofia.

It is also possible to position an order with Plus500. You do this by getting in a rate at which you instantly open the CFD position. By utilizing orders, you can achieve even better trading outcomes.

 

Take advantage of
With Plus500 you have the choice to use a take advantage of. With a lever you can take a bigger position with the very same amount of cash. Both your prospective revenue and your possible loss increase when you apply leverage. With each security you can instantly see what the maximum take advantage of is that you can use.

The existence of a leverage is an advantage in the evaluation of Plus500. You can constantly decide to invest with smaller quantities if you want to reduce your danger.

 

Mobile application
On Plus500 you can also trade with the mobile application they offer. The mobile application is less substantial than the WebTrader. You can perform less substantial analyses with it. Nevertheless, it works to also install the mobile application. With the app you can receive warnings when the price of a security reaches a specific worth.

The mobile application is really easy to use and it is excellent to adjust your orders when market conditions alter substantially. The mobile application is therefore a strength in our evaluation of the Plus500 platform.

Plus500 Sofia

Trading options 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 trade in CFDs on Forex. When you trade in Forex, you speculate on cost modifications in currency sets. You can for instance place a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can likewise trade in a comprehensive variety of CFD shares. The shares are neatly arranged by country, so you can quickly discover a share to trade.

Products
It’s likewise possible to sell products by using CFDs. The most popular commodity for trading is oil. You can often use a maximum leverage of as much as 1:20 to financial investments in basic materials. When you sell gold you can use a leverage of 1:20.

Options
On Plus500 you can likewise sell CFDs on choices. Options frequently move highly: an option can often rise or fall in value by 10s of percent. With CFDs you can apply an utilize of up to 1:20 to alternatives, which further increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can likewise sell CFDs on widely known indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.

Cryptocurrencies
At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can for that reason be interesting to actively speculate on their cost advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to policies”). Plus500 Sofia.

Conclusion on the trading alternatives at Plus500
Plus500 has a wide range of tradable CFD securities. Even relatively unknown local stocks can often be discovered on the Plus500 platform. This makes Plus500 an appealing broker for investors from all countries. My experience with Plus50 has actually for that reason been really positive.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software you can use various illustration alternatives. You can draw horizontal levels to show price levels where the marketplace typically moves in the opposing direction.

You can likewise include technical signs on the graph. The series of technical signs at Plus500 is massive. You can select from more than 100 different options. It is a good idea to utilize technical indications. By using technical indicators, you can carry out much better analyses.

The technical analysis options within the Plus500 software are extensive. However, it is bothersome that you can not conserve multiple graphs. This implies that you have to duplicate the examines frequently. Professional investors would have to download other programs to carry out more complex analyses.

 

Research study and education
In this evaluation we can be quick about the possibilities of research and education: at Plus500 these alternatives are completely missing out on. There are no courses or webinars readily available at Plus500. This is a downside for people who join Plus500 to learn how to trade better.

It is useful that you receive an alert within the Plus500 software application when intriguing developments take place. When the price of, for example, oil falls dramatically, you will get a notice of this occasion. You can then choose for yourself whether you wish to take a position on the marketplace advancement. Plus500 Sofia.

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 essential 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 care
Plus500 has a comprehensive and fast customer care that is offered in more than 30 languages. Your problems can be solved quickly in your language.

It is suggested to get in touch with customer support by means of live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be solved almost instantly.

It is also possible to email Plus500. Mails are typically responded to within a day. It is a pity that no phone number is readily available. This makes it impossible to speak directly to someone. Due to the fast processing time, Plus500 still scores adequately in terms of customer support. Plus500 Sofia.

 

Security & dependability
Prior to you deposit money with a business, you naturally wish to know that it is totally protected to do so. In this part of the review, we take a look at how dependable Plus500 is.

Policy
Supervisors ensure that brokers comply with the guidelines. Plus500 is monitored by:

• Plus500UK Ltd authorized & managed 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed monetary provider in South Africa, FSP # 47546.

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

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

Plus500 will never ever hypothesize with customers’ cash. All funds are saved in a separate checking account, which suggests that this cash is safe and secure when unexpected things occur with Plus500. And lastly, on Plus500 you are safeguarded against an unfavorable balance, since he Unfavorable balance protection is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted to a residual debt. Plus500 Sofia.

 

Conclusion reliability
Plus500 is 100% no scam. Plus500 safely manages consumer properties. The company is also supervised. Plus500 has been around since 2008 and is even listed on the London stock exchange. These are all great indications that Plus500 is trustworthy and we have actually concerned that conclusion ourselves.

Plus500 Sofia

About the business
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 consumers in 2019. Plus500 performed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, however they have opened numerous additional offices in other countries. Do you want to know more about the Plus500 company? In this short article you will discover everything you need to understand!

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 easy to use software application. On Plus500 you can trade at low rates. You also have the chance to respond to altering market conditions by putting orders on both rising and falling rates. Plus500 Sofia.

Do you wish to find how Plus500 works? Then instantly open a complimentary demo-account by pressing the button listed below: