Plus500 Evaluation: our experience with this broker – Plus500 Trading Robot
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), 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 Trading Robot.
Plus500 Trading Robot
- At Plus500 you can speculate on rate developments at low rates.
- You can trade in a comprehensive series of CFD shares.
- It is possible to try Plus500 for free with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 uses its services in more than 30 different languages.
- On Plus500 you can begin trading from $100. Plus500 Trading Robot.
- Plus500 does not offer sophisticated software application for professional traders.
- You can not discover substantial analyses within the platform.
- Plus500 customer support is not available by phone.
- On Plus500 you can just trade in CFDs.
Would you like to try the possibilities at Plus500 with a demonstration totally free of charge and without risk? Utilize the button listed below to open a demo account with this broker:
Plus500 Trading Robot
We talk about the following topics in the Plus500 evaluation:
- Open account: how can you open an account with Plus500?
- Deposit money: how can you deposit and withdraw money?
- Costs: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software?
- Trading options: in what securities you trade on Plus500?
- Assistance: what support do you receive when trading?
- Costumer service: what is the quality of the client service? (costumer-service).
- Dependability: Is this broker trusted? (dependability).
- Info: more information about Plus500 (information).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you need to initially check out the Plus500 site. Click on this link * to open the Plus500 website. To create a complimentary demonstration account, you simply need to pick an email address and a password. It is likewise possible to visit with your Facebook or Google account. After you have actually left this information, you can immediately begin trading. Plus500 Trading Robot.
Plus500 accepts clients from the majority of countries. Nevertheless, there are likewise citizenships 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 therefore give Plus500 a favorable score for opening an account. Plus500 Trading Robot.
Deposit & withdraw cash
When you have become 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 money into your account by using one of these methods:
- Bank transfer.
Before your deposit can be processed, you should verify your identity. Plus500 needs to comply with legislation and can only get verified customers. By validating brand-new costumers, Plus500 avoids clients from using the account for cash laundering.
We have actually gone through the whole procedure and published the needed documents. Our account was authorized and released by Plus500 within an hour. After confirming the identity of your account, you do not need to do it again. The length of this process depends upon your personal situation and can be different for each client.
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 money will remain in your account within a few days. Plus500 Trading Robot.
On Plus500 there are no extra costs for depositing and withdrawing money. This is a big advantage of the broker Plus500: lots of other brokers charge a small charge for withdrawing money. Traders can make the most of approximately 5 totally free withdrawals a month, after which a charge will be incurred.
Plus500 Trading Robot
Evaluation of the expenses of Plus500
When you start trading with Plus500, you undoubtedly do not desire a large part of your cash to be lost to high transaction expenses. In this part of the review, we take an in-depth take a look at the fees of trading with Plus500. Below we quickly 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 in between the buy and sell cost of a CFD. Plus500 offers 2 spread systems 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 generally change in line with general market changes while a position is open, but when the market is unpredictable and illiquid, may change to a new level so that the underlying market conditions are better shown. Plus500 aims to supply the tightest possible spreads at all times. Plus500 Trading Robot.
Forex expenses on Plus500
On Plus500 you can sell different currency pairs. At the time of writing, you are paying 0.6 pips in deal costs on the pair of EUR/ USD. We compared these expenses 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 sell 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 contract. Trading cryptocurrencies is for that reason reasonably beneficial 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 utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which relates to 0.12% of the overall value. 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 option to trade on margin. Since 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 overnight financing buy and the overnight financing offer expenses. In many cases, you in fact get a premium for short positions. We compared Plus500 with other parties for this evaluation and the financing costs were relatively low. Still, it is very important to bear in mind that Plus500 is not very appropriate for long-term trading because of the funding charges you have to pay daily. Plus500 Trading Robot.
Other expenses on Plus500
We have actually thoroughly investigated the costs for this review, and we have actually not discovered any frustrating hidden costs. You need to guarantee that you log in to the platform at least as soon as every three months. If you don’t do this, costs for inactivity will be charged. This is the case with many brokers.
Do you have an account with Plus500 and are you not preparing to trade for a while? Then it is wise to withdraw the cash from your account.
You can inspect all Charges here:
Plus500 is generally compensated 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 indicates 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 Trading Robot.
However, the following additional charges might be used:
Overnight Financing – The overnight financing quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight financing time and the day-to-day over night funding percentage 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 depend on 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 employment opportunity.
Lack of exercise Fee – A fee of as much as USD 10 monthly will be imposed, ought to you not visit to your trading account for a duration of a minimum of 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 cost will be equal to the lesser of the staying offered balance in your account or USD 10 (or equivalent depending upon your currency). This is to offset the cost sustained in making the service readily available, even though it has actually not been utilized. Please note that the charge is only collected from the Real Cash account and just when there are sufficient offered funds in the account. In order to avoid this fee, merely log into your trading account from time to time, as this is considered adequate activity to prevent a charge from being charged.
Surefire Stop Order – if you pick this feature, please note that as it guarantees that your position (trade) closes at a specific requested rate (rate), the trade goes through a broader spread.
Conclusion Plus500 charges
The expenses 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 article about the costs on Plus500, we take a closer look at the various costs you pay when you trade with Plus500.
Plus500 Trading Robot
Software & possibilities
When you begin trading, we understand that you obviously likewise wish to use an excellent software package. With Plus500 trading is generally done via the online WebTrader. A fantastic benefit of the WebTrader is the ease of access: you can visit to the platform at any time and from any place 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 find the CFD in which you wish to trade. New customers will for that reason not need to search wish for purchase & sell buttons on Plus500. Plus500 Trading Robot.
Opening a trade
Opening a trade with Plus500 is rather straightforward. It is essential to bear in mind that with Plus500 you constantly trade in CFDs. With Plus500 you never directly sell a share. The only thing that determines your outcome is the difference between the rate at which you open and close the position.
When you open a position, you have 2 alternatives. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with a rising cost and when you sell the CFD you get a positive result with a falling cost. Given that you use utilize there is a high risk of losing cash rapidly due to take advantage of.
The alternative to hypothesize on a declining rate is a major benefit within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to react to various market circumstances.
Kind of orders
With Plus500 you can immediately open an order. When you push purchase or offer you will see the screen listed below:
In the order screen you can go into the amount you wish to trade with. You also have the option to automatically open or close the position after a certain rate has been reached. This makes it possible to protect you trades when you have to go out. Plus500 Trading Robot.
It is also possible to put an order with Plus500. You do this by going into a cost at which you instantly open the CFD position. By utilizing orders, you can accomplish even better trading results.
With Plus500 you have the alternative to apply a take advantage of. With a lever you can take a bigger position with the same amount of money. Both your possible profit and your prospective loss boost when you apply utilize. With each security you can immediately see what the maximum utilize is that you can apply.
The existence of a take advantage of is a benefit in the evaluation of Plus500. You can constantly choose to invest with smaller quantities if you wish to reduce your danger.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can perform less comprehensive analyses with it. It is helpful to likewise set up the mobile application. With the app you can receive cautions when the rate of a security reaches a certain worth.
The mobile application is extremely user-friendly and it is great to adjust your orders when market conditions alter significantly. The mobile application is therefore a strong point in our review of the Plus500 platform.
Plus500 Trading Robot
Trading options at Plus500
In this part of the evaluation we will discuss the various kinds of securities you can sell with Plus500.
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on rate changes in currency pairs. You can for example location a trade on the advancement of the euro versus the dollar.
On Plus500 you can likewise sell a comprehensive variety of CFD shares. The shares are neatly arranged by country, so you can quickly discover a share to trade.
It’s also possible to sell commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use a maximum leverage of up to 1:20 to investments in raw materials. When you sell gold you can apply an utilize of 1:20.
On Plus500 you can also sell CFDs on options. Choices frequently move strongly: an alternative can sometimes increase or fall in value by tens of percent. With CFDs you can use an utilize of approximately 1:20 to options, which even more 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 instance sell the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are extremely unstable and it can therefore be interesting to actively hypothesize on their cost developments. One of the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Trading Robot.
Conclusion on the trading alternatives at Plus500
Plus500 has a large range of tradable CFD securities. Even reasonably unknown local stocks can often be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has therefore been extremely positive.
Assistance & research study
In this part of the evaluation, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the charts. Within the software you can utilize different illustration alternatives. You can draw horizontal levels to suggest price levels where the marketplace frequently relocates the opposing instructions.
You can likewise include technical signs on the chart. The variety of technical indicators at Plus500 is huge. You can select from more than 100 different choices. It is wise to utilize technical signs. By using technical signs, you can carry out much better analyses.
The technical analysis options within the Plus500 software application are comprehensive. Nevertheless, it is troublesome that you can not save several graphs. This suggests that you need to repeat the examines frequently. Expert financiers would have to download other programs to perform 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 totally missing. There are no courses or webinars offered at Plus500. This is a disadvantage for individuals who sign up with Plus500 to discover how to trade much better.
It works that you get an alert within the Plus500 software when fascinating advancements occur. When the cost of, for example, oil falls dramatically, you will get a notification of this occasion. You can then decide on your own whether you wish to take a position on the marketplace development. Plus500 Trading Robot.
Within the Plus500 software application you can also see how other users trade in a security. By taking a look at the positions other traders take, you can see whether there are more buyers or sellers. Other fundamental information is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has an extensive and quick customer support that is readily available in more than 30 languages. Your problems can be solved quickly in your language.
It is advised to call customer service through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed practically right away.
It is likewise possible to email Plus500. Mails are often responded to within a day. It is a pity that no telephone number is readily available. This makes it impossible to speak directly to someone. Due to the quick processing time, Plus500 still scores adequately in terms of customer care. Plus500 Trading Robot.
Security & reliability
Prior to you transfer money with a company, you naturally want 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.
Supervisors guarantee that brokers follow the guidelines. Plus500 is supervised by:
- Plus500UK Ltd licensed & managed 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), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; licensed financial provider in South Africa, FSP # 47546.
Security of your deposits
Depending upon your citizenship, you enjoy extra protection if Plus500 declares bankruptcy. This is done through a so-called financier security fund. All customer funds are kept in a segregated client bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has likewise set a number of extra rules to ensure that your cash is as safe and secure as possible on Plus500. Below you can find an introduction of these measurements:
Plus500 will never hypothesize with consumers’ cash. All funds are kept in a separate bank account, which means that this money is protected when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured versus an unfavorable balance, because he Negative balance defense is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never ever be left with a recurring debt. Plus500 Trading Robot.
Plus500 is 100% no rip-off. Plus500 securely manages consumer possessions. The company is likewise monitored. Plus500 has actually been around considering that 2008 and is even noted on the London stock exchange. These are all great indications that Plus500 is reliable and we have come to that conclusion ourselves.
Plus500 Trading Robot
About the business
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 performed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the company can be found in Israel, however they have actually opened a number of additional offices in other nations. Do you want to know more about the Plus500 business? In this article you will find everything you require to know!
Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by utilizing the user-friendly software. On Plus500 you can trade at low rates. You likewise have the opportunity to react to changing market conditions by positioning orders on both rising and falling costs. Plus500 Trading Robot.
Do you want to find how Plus500 works? Immediately open a totally free demo-account by pressing the button below: