Plus500 Review: our experience with this broker – Plus500 Vix
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument schedule subject to guidelines), Forex and stocks. In this substantial evaluation, we share our experiences with this broker. In our test, Plus500 emerged as an user-friendly broker where you can react to the current market developments at low rates. Plus500 Vix.
- At Plus500 you can speculate on rate developments at low rates.
- You can sell an extensive variety of CFD shares.
- It is possible to attempt Plus500 free of charge with a demonstration.
- On Plus500 you can utilize the easy to use web trader.
- Plus500 provides its services in more than 30 different languages.
- On Plus500 you can start trading from $100. Plus500 Vix.
- Plus500 does not offer advanced software application for professional traders.
- You can not discover substantial analyses within the platform.
- Plus500 customer service is not readily available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration completely free of charge and without risk? Utilize the button below to open a demo account with this broker:
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 cash?
- Costs: how much does trading expense on Plus500?
- Functionalities: what are the possibilities of the software application?
- Trading alternatives: in what securities you trade on Plus500?
- Support: what assistance do you receive when trading?
- Customer service: what is the quality of the customer service? (costumer-service).
- Dependability: Is this broker reliable? (dependability).
- Details: more details about Plus500 (information).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you must first visit the Plus500 website. Click here * to open the Plus500 website. 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 left this info, you can immediately begin trading. Plus500 Vix.
Plus500 accepts clients from most countries. 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 offer Plus500 a favorable rating for opening an account. Plus500 Vix.
Deposit & withdraw cash
When you have actually become familiar with the Plus500 platform, you can change to a real cash 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 need to verify your identity. Plus500 must abide by legislation and can just receive confirmed consumers. By validating brand-new clients, Plus500 avoids customers from utilizing the account for cash laundering.
We’ve gone through the whole process and published the needed files. Our account was authorized and launched by Plus500 within an hour. After confirming the identity of your account, you don’t need to do it once again. The length of this procedure depends on 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 transferring the money to your savings account or PayPal account. The transfer is made rapidly and the cash will remain in your account within a couple of days. Plus500 Vix.
On Plus500 there are no additional costs for depositing and withdrawing money. This is a big advantage of the broker Plus500: many other brokers charge a small fee for withdrawing cash. Traders can make the most of up to 5 complimentary withdrawals a month, after which a fee will be sustained.
Evaluation of the costs of Plus500
When you begin trading with Plus500, you clearly do not want a large part of your money to be lost to high transaction expenses. In this part of the review, we take a comprehensive take a look at the charges of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its consumers.
With Plus500 you pay a spread over every transaction. The spread is the difference in between the buy and sell rate of a CFD. Plus500 provides 2 spread mechanisms for its instruments: Dynamic spread which is constantly adjusted according to the marketplace spread during the duration a position is open vs. a Spread which does not typically alter in line with general market variations while a position is open, however when the market is unstable and illiquid, might alter to a brand-new level so that the underlying market conditions are better shown. Plus500 intends to supply the tightest possible spreads at all times. Plus500 Vix.
Forex costs on Plus500
On Plus500 you can trade in various 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 service providers and concluded that these costs are comparable to those of other brokers. (We have drawn out these information on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our evaluation 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 agreement. Trading cryptocurrencies is therefore fairly useful at Plus500. (We have drawn out these information on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can likewise 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 total worth. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a photo on April 20, 2020 at 13:00.).
Funding costs at Plus500
With Plus500 you have the alternative 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. However, 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 receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding costs were relatively low. Still, it is very important to keep in mind that Plus500 is not really ideal for long-term trading because of the funding charges you need to pay on a daily basis. Plus500 Vix.
Other costs on Plus500
We have actually thoroughly investigated the expenses for this evaluation, and we have actually not found any irritating surprise costs. However, you need to make sure that you visit to the platform a minimum of as soon as every three months. If you don’t do this, expenses for inactivity will be charged. This holds true 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 smart to withdraw the cash from your account.
You can check 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 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 Vix.
The following additional charges may be used:
Overnight Funding – The over night financing amount is either added to or subtracted from your account when holding a position after a particular time (the “Overnight Funding Time”).
The over night funding time and the day-to-day overnight funding portion can be found in the “Particulars” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Fee – Plus500 will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will presently depend on 0.7% of the trade’s realised net revenue and loss and reflected in real time into the unrealised net earnings and loss of an employment opportunity.
Inactivity Charge – A fee of up to USD 10 each month will be levied, must you not log in to your trading represent a period of a minimum of three months. This charge will be charged as soon as a month from that minute onwards, as long as no login is made to the account. The lack of exercise cost will be equal to the lower of the remaining available 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 not been used. Please note that the charge is just collected from the Genuine Cash account and just when there are enough readily available funds in the account. In order to avoid this fee, simply log into your trading account from time to time, as this is deemed adequate activity to prevent a fee from being charged.
Surefire Stop Order – if you pick this function, please note that as it guarantees that your position (trade) closes at a particular asked for rate (price), the trade undergoes a broader 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 article about the expenses on Plus500, we take a closer look at the numerous costs you pay when you trade with Plus500.
Software application & possibilities
When you start trading, we comprehend that you obviously likewise want to use a good software package. With Plus500 trading is generally done by means of the online WebTrader. A terrific benefit of the WebTrader is the availability: you can log in to the platform at any time and from any area 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 consumers will for that reason not need to search long for buy & offer buttons on Plus500. Plus500 Vix.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is important to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never straight sell a share. The only thing that identifies your result is the distinction in between the rate at which you open and close the position.
When you open a position, you have 2 options. 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 cost and when you offer the CFD you get a favorable result with a falling rate. Because you utilize take advantage of there is a high threat of losing cash rapidly due to leverage.
The alternative to speculate on a declining cost is a significant advantage within the Plus500 platform. The option to brief sell increases your versatility and makes it possible to respond to various market circumstances.
Type of orders
With Plus500 you can right away open an order. When you push purchase or offer you will see the screen below:
In the order screen you can enter the amount you want to trade with. You likewise have the option to instantly open or close the position after a certain rate has been reached. This makes it possible to secure you trades when you need to go out. Plus500 Vix.
It is likewise possible to put an order with Plus500. You do this by entering a rate at which you immediately open the CFD position. By utilizing orders, you can accomplish even much better trading outcomes.
With Plus500 you have the alternative to use an utilize. With a lever you can take a bigger position with the exact same amount of money. Both your prospective profit and your potential loss boost when you apply leverage. With each security you can instantly see what the maximum leverage is that you can use.
The existence of a take advantage of is a benefit in the evaluation 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 offer. The mobile application is less extensive than the WebTrader. You can perform less extensive analyses with it. It is helpful to likewise install the mobile application. With the app you can get cautions when the price of a security reaches a specific worth.
The mobile application is really user-friendly and it is great to adjust your orders when market conditions alter significantly. The mobile application is therefore a strength in our review of the Plus500 platform.
Trading options at Plus500
In this part of the evaluation we will talk about the various kinds 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 changes in currency sets. You can for example location a trade on the development of the euro against the dollar.
On Plus500 you can likewise trade in a substantial range of CFD shares. The shares are neatly arranged by country, so you can rapidly find a share to trade.
It’s likewise possible to sell commodities by using CFDs. The most popular commodity for trading is oil. You can frequently use an optimum leverage of up to 1:20 to investments in raw materials. When you trade in gold you can apply an utilize of 1:20.
On Plus500 you can also sell CFDs on choices. Alternatives frequently move strongly: an alternative can sometimes rise or fall in value by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to options, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can also sell CFDs on popular indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unpredictable and it can for that reason be interesting to actively hypothesize on their cost advancements. Among the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Vix.
Conclusion on the trading alternatives at Plus500
Plus500 has a vast array of tradable CFD securities. Even fairly unidentified regional stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an attractive broker for financiers from all countries. My experience with Plus50 has therefore been very favorable.
Support & research study
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 application you can use different drawing options. You can draw horizontal levels to show price levels where the marketplace often moves in the opposing instructions.
You can likewise include technical indicators on the chart. The series of technical indicators at Plus500 is massive. You can choose from more than 100 different alternatives. It is wise to utilize technical indications. By utilizing technical indicators, you can perform better analyses.
The technical analysis options within the Plus500 software application are substantial. It is inconvenient that you can not conserve several charts. This means that you have to duplicate the evaluates frequently. Professional financiers would need to download other programs to carry out 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 entirely missing. There are no courses or webinars available at Plus500. This is a downside for individuals who sign up with Plus500 to learn how to trade much better.
It is useful that you receive an alert within the Plus500 software when intriguing developments take place. When the cost of, for example, oil falls greatly, you will get an alert of this occasion. You can then decide on your own whether you want to take a position on the market advancement. Plus500 Vix.
Within the Plus500 software application you can likewise see how other users trade in 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 with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.
Plus500 has an extensive and fast customer support that is available in more than 30 languages. Your problems can be resolved rapidly in your language.
It is advised to call customer care through live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your problems can be fixed nearly right away.
It is likewise possible to email Plus500. Mails are typically addressed within a day. It is a pity that no telephone number is available. This makes it difficult to speak directly to somebody. Due to the fast processing time, Plus500 still ratings sufficiently in terms of client service. Plus500 Vix.
Security & reliability
Prior to you transfer cash with a business, you naturally wish to know that it is totally safe to do so. In this part of the review, we take a look at how dependable Plus500 is.
Supervisors ensure that brokers adhere to the rules. Plus500 is monitored by:
- Plus500UK Ltd authorized & regulated by the FCA (# 509909).
- Plus500CY Ltd authorized & 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), 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 citizenship, you delight in extra protection if Plus500 goes bankrupt. This is done through a so-called financier security fund. All client 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 additional guidelines to make sure that your money is as secure as possible on Plus500. Listed below you can find a summary of these measurements:
Plus500 will never speculate with consumers’ cash. All funds are kept in a separate checking account, which implies that this cash is safe when unforeseen things happen with Plus500. And lastly, on Plus500 you are secured versus a negative balance, because he Negative balance security is a regulatory requirement for all EU brokers. So when you trade with Plus500, you can never be entrusted a residual debt. Plus500 Vix.
Plus500 is 100% no fraud. Plus500 securely handles client assets. The business is also supervised. Plus500 has been around considering that 2008 and is even listed on the London stock exchange. These are all excellent signs that Plus500 is dependable and we have actually come to that conclusion ourselves.
About the business
Plus500 was founded in 2008 and has actually grown strongly since then. Plus500 is active in more than 30 nations and served more than 200,000 active clients in 2019. Plus500 executed over 35 million deals with a worth of over $1,000 billion in one year. The head office of the business can be found in Israel, but they have opened several additional workplaces in other nations. Do you wish to know more about the Plus500 company? In this post you will discover everything you need to know!
Conclusion evaluation Plus500
Plus500 is one of the very 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 respond to changing market conditions by putting orders on both rising and falling costs. Plus500 Vix.
Do you want to find how Plus500 works? Instantly open a totally free demo-account by pressing 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