Plus500 Evaluation: our experience with this broker – Plus500 Trading Bot
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument accessibility subject to policies), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can react to the latest market advancements at low rates. Plus500 Trading Bot.
Plus500 Trading Bot
- At Plus500 you can speculate on price developments at low rates.
- You can sell an extensive variety of CFD shares.
- It is possible to try Plus500 free of charge 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 begin trading from $100. Plus500 Trading Bot.
- Plus500 does not supply advanced software application for expert traders.
- You can not find extensive analyses within the platform.
- Plus500 customer care is not readily available by phone.
- On Plus500 you can only sell CFDs.
Would you like to try the possibilities at Plus500 with a demo totally free of charge and without danger? Use the button listed below to open a demo account with this broker:
Plus500 Trading Bot
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 money?
- Expenses: how much does trading expense 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?
- Customer service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker trustworthy? (reliability).
- Details: more details 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 website. Click on this link * to open the Plus500 website. To develop a free demo account, you simply need to select an e-mail 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 right away begin trading. Plus500 Trading Bot.
Plus500 accepts customers from many nations. There are likewise nationalities that are not admitted 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 evaluation, we therefore provide Plus500 a positive score for opening an account. Plus500 Trading Bot.
Deposit & withdraw cash
When you have become acquainted with the Plus500 platform, you can switch to a real cash account at any time. The minimum deposit at Plus500 is $100. You can deposit money into your account by using among these approaches:
- Bank transfer.
Before your deposit can be processed, you should verify your identity. Plus500 needs to abide by legislation and can only get validated consumers. By confirming brand-new customers, Plus500 avoids customers from using the account for money laundering.
We have actually gone through the whole process and submitted the required documents. Our account was authorized and released by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it again. The length of this process depends upon your personal scenario and can be various for each client.
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 Trading Bot.
On Plus500 there are no additional costs for depositing and withdrawing cash. This is a huge benefit of the broker Plus500: numerous other brokers charge a small fee for withdrawing cash. Traders can make the most of approximately 5 complimentary withdrawals a month, after which a charge will be incurred.
Plus500 Trading Bot
Review of the expenses of Plus500
When you begin trading with Plus500, you certainly do not desire a large part of your money to be lost to high deal expenses. In this part of the evaluation, we take an in-depth look at the costs of trading with Plus500. Below we briefly 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 between the buy and sell cost of a CFD. Plus500 offers 2 spread systems for its instruments: Dynamic spread which is constantly changed according to the marketplace spread out throughout the period a position is open vs. a Spread which does not typically alter in line with general market fluctuations while a position is open, however when the market is unpredictable and illiquid, might change to a new level so that the underlying market conditions are better reflected. Plus500 aims to supply the tightest possible spreads at all times. Plus500 Trading Bot.
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 transaction fees on the pair of EUR/ USD. We compared these expenses with those of other suppliers and concluded that these costs are comparable to those of other brokers. (We have extracted these data 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 fairly 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 for that reason fairly helpful at Plus500. (We have extracted these data on the 2th of June 14:00.).
Share costs on Plus500
At Plus500 you can also sell shares by using CFDs. As an example: For the CFD share Tesla you presently pay a spread of $ 0.95, which equates to 0.12% of the overall worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind that this is a snapshot on April 20, 2020 at 13:00.).
Funding 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 full amount of the trading position yourself. However, you do have to pay a premium for this.
With each security you will see the overnight financing buy and the overnight funding offer expenses. Sometimes, you in fact receive a premium for short positions. We compared Plus500 with other parties for this review and the funding costs were fairly low. Still, it is very important to remember that Plus500 is not very suitable for long-lasting trading because of the funding costs you need to pay on a daily basis. Plus500 Trading Bot.
Other costs on Plus500
We have thoroughly investigated the expenses for this evaluation, and we have actually not discovered any irritating concealed expenses. Nevertheless, you must ensure that you log in to the platform a minimum of as soon as every three months. If you don’t do this, costs for lack of exercise will be charged. This is the case with a lot 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 examine all Fees here:
Plus500 is mainly 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 implies 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 Trading Bot.
Nevertheless, the following additional charges might be used:
Overnight Funding – The overnight funding quantity is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight funding time and the day-to-day over night financing portion can be found in the “Particulars” link beside 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 Cost will presently depend on 0.7% of the trade’s realised web earnings and loss and reflected in real time into the unrealised net profit and loss of an employment opportunity.
Inactivity Fee – A fee of as much as USD 10 each month will be levied, should you not log in to your trading account for a period of at least 3 months. This fee will be charged when 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 comparable depending on your currency). This is to offset the expense sustained in making the service available, even though it has actually not been utilized. However, please note that the fee is just 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 deemed adequate activity to prevent a fee from being charged.
Guaranteed 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 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 short article about the costs on Plus500, we take a closer take a look at the various costs you pay when you trade with Plus500.
Plus500 Trading Bot
Software application & possibilities
When you begin trading, we comprehend that you obviously likewise wish to use a good software package. With Plus500 trading is generally done through the online WebTrader. A fantastic benefit of the WebTrader is the availability: you can visit to the platform at any time and from any area 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 quickly discover the CFD in which you want to trade. New clients will therefore not need to search wish for purchase & offer buttons on Plus500. Plus500 Trading Bot.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to bear in mind that with Plus500 you always trade in CFDs. With Plus500 you never ever straight trade in a share. The only thing that identifies your result is the distinction 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 purchase the CFD you get a favorable outcome with an increasing rate and when you offer the CFD you get a positive result with a falling price. Considering that you utilize utilize there is a high risk of losing money rapidly due to take advantage of.
The option to hypothesize on a decreasing price is a major advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to respond to different market scenarios.
Kind of orders
With Plus500 you can immediately open an order. When you push buy or sell you will see the screen listed below:
In the order screen you can get in the amount you want to trade with. You likewise have the option to automatically open or close the position after a particular rate has actually been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Trading Bot.
It is also possible to place an order with Plus500. You do this by going into a cost at which you instantly open the CFD position. By using orders, you can attain even much better trading results.
With Plus500 you have the option to use an utilize. With a lever you can take a larger position with the very same quantity of money. Both your possible profit and your possible loss boost when you apply leverage. With each security you can right away see what the maximum utilize is that you can apply.
The presence of an utilize is a benefit in the review of Plus500. You can always choose to invest with smaller sized amounts if you want to reduce your danger.
On Plus500 you can likewise trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can perform less comprehensive analyses with it. However, it is useful to likewise install the mobile application. With the app you can receive warnings when the price of a security reaches a certain worth.
The mobile application is extremely user-friendly and it is excellent to change your orders when market conditions change considerably. The mobile application is therefore a strong point in our review of the Plus500 platform.
Plus500 Trading Bot
Trading alternatives at Plus500
In this part of the review we will talk about the different types of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you trade in Forex, you hypothesize on rate modifications in currency sets. You can for instance location a trade on the development of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial series of CFD shares. The shares are neatly sorted by nation, so you can quickly find a share to trade.
It’s also possible to trade in commodities by using CFDs. The most popular product for trading is oil. You can frequently apply a maximum utilize of up to 1:20 to financial investments in basic materials. When you sell gold you can apply an utilize of 1:20.
On Plus500 you can also trade in CFDs on options. Options typically move strongly: an option can in some cases increase or fall in worth by tens of percent. With CFDs you can use an utilize of approximately 1:20 to options, which even more 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.
At Plus500 you can likewise trade with CFDs in the most famous cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their cost advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument accessibility subject to regulations”). Plus500 Trading Bot.
Conclusion on the trading options at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unknown local stocks can typically be found on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has therefore been extremely favorable.
Assistance & research
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software you can use different drawing alternatives. You can draw horizontal levels to indicate price levels where the marketplace often relocates the opposing direction.
You can likewise include technical indications on the graph. The series of technical indicators at Plus500 is huge. You can select from more than 100 different options. It is a good idea to use technical indications. By utilizing technical signs, you can execute better analyses.
The technical analysis choices within the Plus500 software application are comprehensive. Nevertheless, it is troublesome that you can not conserve multiple charts. This suggests that you have to duplicate the evaluates regularly. Professional financiers would have to download other programs to perform more complex analyses.
Research study and education
In this review we can be fast about the possibilities of research study and education: at Plus500 these options are entirely missing out on. There are no courses or webinars readily available at Plus500. This is a downside for individuals who join Plus500 to learn how to trade much better.
It works that you receive a notice within the Plus500 software when intriguing developments take place. When the price of, for instance, oil falls greatly, you will receive a notice of this event. You can then decide on your own whether you want to take a position on the market development. Plus500 Trading Bot.
Within the Plus500 software you can also see how other users sell a security. By taking a look at the positions other traders take, you can see whether there are more purchasers or sellers. Other basic data is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our viewpoint.
Plus500 has a comprehensive and fast customer care that is offered in more than 30 languages. Your problems can be resolved quickly in your language.
It is advised to call customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be resolved nearly immediately.
It is also possible to email Plus500. Mails are often answered within a day. It is a pity that no phone number is readily available. 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 Trading Bot.
Security & reliability
Before you transfer money with a company, you naturally would like to know that it is completely secure to do so. In this part of the evaluation, we take a look at how dependable Plus500 is.
Supervisors guarantee that brokers follow the rules. Plus500 is supervised by:
- Plus500UK Ltd authorized & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & managed 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 financial supplier in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy additional defense if Plus500 goes bankrupt. This is done through a so-called investor protection 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 also set numerous extra guidelines to guarantee that your cash is as protected as possible on Plus500. Below you can find a summary of these measurements:
Plus500 will never ever hypothesize with customers’ cash. All funds are kept in a different checking account, which means that this cash is protected when unforeseen things occur with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, because he Negative balance defense is a regulative requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a recurring financial obligation. Plus500 Trading Bot.
Plus500 is 100% no fraud. Plus500 firmly manages customer properties. The company is also monitored. Plus500 has actually been around given that 2008 and is even noted on the London stock market. These are all good signs that Plus500 is trustworthy and we have actually pertained to that conclusion ourselves.
Plus500 Trading Bot
About the company
Plus500 was founded in 2008 and has actually grown strongly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active clients 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 company can be discovered in Israel, but they have opened a number of additional offices in other countries. Do you want to know more about the Plus500 business? In this post you will discover whatever you require to understand!
Conclusion evaluation Plus500
Plus500 is one of 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 respond to altering market conditions by positioning orders on both fluctuating rates. Plus500 Trading Bot.
Do you want to discover how Plus500 works? Instantly open a complimentary demo-account by pressing the button listed below: