Plus500 Evaluation: our experience with this broker – Plus500 Vs Trading 212 Fess
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument schedule subject to regulations), Forex and stocks. In this comprehensive evaluation, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can react to the most recent market developments at low rates. Plus500 Vs Trading 212 Fess.
Plus500 Vs Trading 212 Fess
- At Plus500 you can speculate on price advancements at low rates.
- You can trade in an extensive variety of CFD shares.
- It is possible to try Plus500 free of charge with a demonstration.
- On Plus500 you can use the user-friendly web trader.
- Plus500 uses its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Vs Trading 212 Fess.
- Plus500 does not offer advanced software for professional traders.
- You can not find comprehensive analyses within the platform.
- Plus500 client service is not available by phone.
- On Plus500 you can just sell CFDs.
Would you like to attempt the possibilities at Plus500 with a demonstration totally free of charge and without danger? Use the button below to open a demonstration account with this broker:
Plus500 Vs Trading 212 Fess
We go over 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 cash?
- Costs: just how much does trading expense on Plus500?
- Performances: what are the possibilities of the software?
- Trading choices: 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).
- Reliability: Is this broker dependable? (reliability).
- Info: more details about Plus500 (information).
- Conclusion: the decision of the Plus500 review (conclusion).
Opening an account with Plus500
To do this you need to initially visit the Plus500 website. Click on this link * to open the Plus500 website. To develop a totally free demonstration account, you simply have to pick an e-mail address and a password. It is also possible to log in with your Facebook or Google account. After you have actually left this info, you can right away start trading. Plus500 Vs Trading 212 Fess.
Plus500 accepts customers from the majority of countries. There are likewise citizenships that are not admitted 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 review, we for that reason offer Plus500 a positive rating for opening an account. Plus500 Vs Trading 212 Fess.
Deposit & withdraw money
When you have ended up being 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 one of these techniques:
- Bank transfer.
Before your deposit can be processed, you should validate your identity. Plus500 needs to abide by legislation and can just get validated clients. By confirming new customers, Plus500 prevents clients from utilizing the represent cash laundering.
We’ve gone through the whole procedure and published the needed documents. Our account was approved and launched by Plus500 within an hour. After validating the identity of your account, you do not have to do it once again. The length of this process depends upon your personal situation and can be different for each costumer.
You can withdraw the cash into your account at any time. You can do this by moving the money to your savings account or PayPal account. The transfer is made quickly and the cash will remain in your account within a few days. Plus500 Vs Trading 212 Fess.
On Plus500 there are no extra expenses for depositing and withdrawing money. This is a huge benefit of the broker Plus500: many other brokers charge a little cost for withdrawing cash. Traders can benefit from approximately 5 totally free withdrawals a month, after which a cost will be sustained.
Plus500 Vs Trading 212 Fess
Evaluation of the costs of Plus500
When you start trading with Plus500, you clearly do not want a big part of your money to be lost to high deal expenses. In this part of the evaluation, we take a detailed look at the charges of trading with Plus500. Below we quickly take a look at which costs Plus500 hands down to its clients.
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 market spread out during the period a position is open vs. a Spread which does not normally alter in line with general market variations 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 offer the tightest possible spreads at all times. Plus500 Vs Trading 212 Fess.
Forex expenses on Plus500
On Plus500 you can trade in different currency sets. 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 suppliers 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 expenses on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against 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 for that reason relatively useful 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 corresponds to 0.12% of the overall value. Trading CFD Tesla shares is therefore possible at a low cost. (Please note that this is a photo on April 20, 2020 at 13:00.).
Financing expenses at Plus500
With Plus500 you have the option to trade on margin. Because you can trade on margin, you do not have 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 overnight funding offer costs. In some cases, you in fact receive a premium for brief positions. We compared Plus500 with other celebrations for this evaluation and the funding costs were fairly low. Still, it is important to keep in mind that Plus500 is not very ideal for long-lasting trading because of the funding costs you need to pay daily. Plus500 Vs Trading 212 Fess.
Other costs on Plus500
We have actually extensively examined the expenses for this evaluation, and we have actually not found any irritating hidden costs. You must guarantee that you log in to the platform at least once every three months. If you don’t do this, costs for lack of exercise 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 smart to withdraw the money from your account.
You can examine all Fees here:
Plus500 is mainly compensated for its services through the “market spread”. For example, 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 service providers who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Vs Trading 212 Fess.
Nevertheless, the following additional fees may be used:
Overnight Funding – The overnight funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The over night funding time and the everyday over night financing portion can be discovered in the “Particulars” link beside the instrument’s name on the main screen of the platform.
Currency Conversion Cost – 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 realised net profit and loss and shown in real time into the unrealised net revenue and loss of an open position.
Lack of exercise Fee – A cost of as much as USD 10 each month will be imposed, should you not visit to your trading represent a period of a minimum of three months. This charge will be charged once a month from that minute onwards, as long as no login is made to the account. The lack of exercise cost will amount to the lower of the remaining readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the cost incurred in making the service offered, even though it has actually not been utilized. Please note that the fee is only collected from the Genuine Money account and only when there are adequate readily available funds in the account. In order to avoid this cost, just log into your trading account from time to time, as this is considered enough activity to prevent a charge from being charged.
Surefire Stop Order – if you choose this feature, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade undergoes 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 take a look at the different expenses you pay when you trade with Plus500.
Plus500 Vs Trading 212 Fess
Software application & possibilities
When you start trading, we understand that you naturally likewise wish to use a good software package. With Plus500 trading is mainly done by means of the online WebTrader. An excellent benefit of the WebTrader is the availability: you can visit to the platform at any time and from any place to open or close a position.
What stuck out in our review 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 wish to trade. New consumers will for that reason not have to browse wish for purchase & sell buttons on Plus500. Plus500 Vs Trading 212 Fess.
Opening a trade
Opening a trade with Plus500 is rather simple. It is very important to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never ever straight sell a share. The only thing that determines your result is the difference between the cost 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 cost and when you offer the CFD you get a favorable outcome with a falling price. Considering that you use leverage there is a high danger of losing cash rapidly due to utilize.
The choice to speculate on a declining price is a significant advantage within the Plus500 platform. The alternative to short sell increases your flexibility and makes it possible to react to different market situations.
Type of orders
With Plus500 you can instantly open an order. When you push buy or sell you will see the screen below:
In the order screen you can enter the quantity you want to trade with. You also have the choice to automatically open or close the position after a specific price has actually been reached. This makes it possible to safeguard you trades when you need to go out. Plus500 Vs Trading 212 Fess.
It is also possible to position an order with Plus500. You do this by entering a cost at which you instantly open the CFD position. By using orders, you can achieve even much better trading results.
With Plus500 you have the choice to apply a leverage. 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 utilize. With each security you can instantly see what the optimum leverage is that you can use.
The existence of a leverage is an advantage in the review of Plus500. You can always choose to invest with smaller sized quantities if you want to reduce your threat.
On Plus500 you can likewise trade with the mobile application they offer. The mobile application is less comprehensive than the WebTrader. You can carry out less comprehensive analyses with it. It is useful to likewise set up the mobile application. With the app you can get warnings when the cost of a security reaches a certain value.
The mobile application is really easy to use and it is good to change your orders when market conditions change significantly. The mobile application is therefore a strength in our review of the Plus500 platform.
Plus500 Vs Trading 212 Fess
Trading choices at Plus500
In this part of the evaluation we will talk about the different kinds of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you trade in Forex, you hypothesize on price changes in currency pairs. You can for example location a trade on the development of the euro versus the dollar.
On Plus500 you can likewise trade in a substantial variety of CFD shares. The shares are nicely arranged by nation, so you can rapidly 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 typically apply an optimum utilize of approximately 1:20 to financial investments in basic materials. When you trade in gold you can apply a leverage of 1:20.
On Plus500 you can likewise trade in CFDs on choices. Choices frequently move highly: an alternative can sometimes rise or fall in value by tens of percent. With CFDs you can apply a leverage of up to 1:20 to options, which even more increases your potential gains or losses.
Indices or ETFs
On Plus500 you can likewise sell CFDs on widely known indexes or ETFs. You can for example sell the Dow Jones or NASDAQ index trackers.
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 hypothesize on their rate developments. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Vs Trading 212 Fess.
Conclusion on the trading choices at Plus500
Plus500 has a large range of tradable CFD securities. Even fairly unidentified local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has for that reason been very positive.
Support & research
In this part of the evaluation, we examine how Plus500 supports traders.
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize various illustration options. You can draw horizontal levels to suggest price levels where the market often moves in the opposing direction.
You can also add technical signs on the graph. The range of technical signs at Plus500 is massive. You can pick from more than 100 various options. It is smart to use technical indicators. By utilizing technical signs, you can perform better analyses.
The technical analysis options within the Plus500 software are extensive. Nevertheless, it is bothersome that you can not save numerous graphs. This means that you have to duplicate the examines routinely. Professional investors would need to download other programs to perform more complex analyses.
Research and education
In this evaluation we can be quick about the possibilities of research study and education: at Plus500 these options are totally missing out on. There are no courses or webinars readily available at Plus500. This is a downside for individuals who sign up with Plus500 to discover how to trade much better.
It works that you get a notice within the Plus500 software application when interesting advancements occur. When the cost 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 marketplace development. Plus500 Vs Trading 212 Fess.
Within the Plus500 software 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 buyers or sellers. Other basic information is missing out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has a thorough and quick customer support that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is suggested to get in touch with customer service 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 fixed nearly immediately.
It is also possible to email Plus500. Mails are frequently answered 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 adequately in regards to customer care. Plus500 Vs Trading 212 Fess.
Security & dependability
Before you deposit money with a company, you naturally would like to know that it is completely secure to do so. In this part of the review, we look at how trustworthy Plus500 is.
Supervisors guarantee that brokers adhere to the rules. Plus500 is supervised by:
- Plus500UK Ltd licensed & regulated 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), accredited by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary provider in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you enjoy additional security if Plus500 goes bankrupt. This is done through a so-called financier protection fund. All client funds are held in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has actually likewise set several additional rules to make sure that your cash is as secure as possible on Plus500. Listed below you can discover an introduction of these measurements:
Plus500 will never ever hypothesize with customers’ cash. All funds are stored in a different checking account, which means that this cash is safe and secure when unexpected things happen with Plus500. And last but not least, on Plus500 you are protected versus a negative balance, since he Negative balance defense is a regulative requirement for all EU brokers. When you trade with Plus500, you can never be left with a residual debt. Plus500 Vs Trading 212 Fess.
Plus500 is 100% no fraud. Plus500 safely manages consumer possessions. The company is also supervised. Plus500 has actually been around considering that 2008 and is even listed on the London stock exchange. These are all excellent indications that Plus500 is trusted and we have actually concerned that conclusion ourselves.
Plus500 Vs Trading 212 Fess
About the business
Plus500 was founded in 2008 and has grown highly 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 transactions with a worth of over $1,000 billion in one year. The head office of the company can be discovered in Israel, however they have actually opened several additional offices in other nations. Do you want to know more about the Plus500 company? In this article you will discover whatever you need to understand!
Conclusion evaluation Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by utilizing the user-friendly software application. On Plus500 you can trade at low rates. You also have the chance to react to changing market conditions by placing orders on both fluctuating rates. Plus500 Vs Trading 212 Fess.
Do you wish to find how Plus500 works? Right away open a complimentary demo-account by pressing the button below: