Plus500 Review: our experience with this broker – Plus500 Windows App Download
Plus500 is an online broker where you can speculate 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 easy to use broker where you can respond to the most recent market advancements at low rates. Plus500 Windows App Download.
Plus500 Windows App Download
- At Plus500 you can speculate on price developments at low rates.
- You can trade in a comprehensive range of CFD shares.
- It is possible to try Plus500 for free with a demo.
- On Plus500 you can use the user-friendly web trader.
- Plus500 offers its services in more than 30 various languages.
- On Plus500 you can start trading from $100. Plus500 Windows App Download.
- Plus500 does not provide advanced software for expert traders.
- You can not find substantial analyses within the platform.
- Plus500 customer service is not offered by phone.
- On Plus500 you can just sell CFDs.
Would you like to try the possibilities at Plus500 with a demonstration completely free of charge and without threat? Utilize the button listed below to open a demo account with this broker:
Plus500 Windows App Download
We go over the following subjects in the Plus500 review:
- Open account: how can you open an account with Plus500?
- Deposit cash: how can you deposit and withdraw cash?
- Expenses: how much does trading cost on Plus500?
- Performances: what are the possibilities of the software application?
- 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 costumer service? (costumer-service).
- Reliability: Is this broker reputable? (reliability).
- Info: more details about Plus500 (information).
- Conclusion: the decision 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 create a complimentary demo account, you simply have to choose 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 information, you can instantly begin trading. Plus500 Windows App Download.
Plus500 accepts consumers from the majority of nations. However, there are likewise citizenships that are not confessed to Plus500. Traders from for instance, 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 give Plus500 a favorable ranking for opening an account. Plus500 Windows App Download.
Deposit & withdraw cash
When you have become acquainted with the Plus500 platform, you can change 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 approaches:
- Bank transfer.
Prior to your deposit can be processed, you need to confirm your identity. Plus500 needs to comply with legislation and can only receive validated clients. By confirming brand-new costumers, Plus500 prevents customers from using the account for money laundering.
We have actually gone through the whole procedure and submitted the required documents. Our account was approved and launched by Plus500 within an hour. After verifying the identity of your account, you don’t need to do it once again. The length of this procedure depends upon your personal scenario and can be various for each client.
You can withdraw the cash into your account at any time. You can do this by transferring the cash to your savings account or PayPal account. The transfer is made rapidly and the cash will be in your account within a couple of days. Plus500 Windows App Download.
On Plus500 there are no additional costs for transferring and withdrawing cash. This is a big advantage of the broker Plus500: many other brokers charge a small cost for withdrawing cash. Traders can benefit from up to 5 free withdrawals a month, after which a cost will be sustained.
Plus500 Windows App Download
Review of the costs of Plus500
When you begin trading with Plus500, you certainly do not want a large part of your money to be lost to high transaction costs. In this part of the review, we take an in-depth look at the fees of trading with Plus500. Below we quickly examine which costs Plus500 passes on to its customers.
With Plus500 you pay a spread over every transaction. The spread is the distinction between the buy and sell cost of a CFD. Plus500 offers 2 spread mechanisms for its instruments: Dynamic spread which is constantly changed according to the marketplace spread throughout 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, however when the market is volatile and illiquid, might change to a brand-new level so that the underlying market conditions are better shown. Nonetheless, Plus500 aims to supply the tightest possible spreads at all times. Plus500 Windows App Download.
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 charges on the pair of EUR/ USD. We compared these costs with those of other providers and concluded that these costs are comparable to those of other brokers. (We have actually drawn out these data on the 2th of June 14:00.).
Cryptocurrency costs on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against fairly advantageously fees in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of writing while at eToro you pay more than $50 per agreement. Trading cryptocurrencies is therefore relatively beneficial at Plus500. (We have actually extracted these data on the 2th of June 14:00.).
Share expenses on Plus500
At Plus500 you can also 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 overall value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please keep in mind that this is a picture 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 have 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 over night financing buy and the over night financing sell costs. In many 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 very important to keep in mind that Plus500 is not really suitable for long-lasting trading because of the financing costs you need to pay on a daily basis. Plus500 Windows App Download.
Other costs on Plus500
We have extensively examined the expenses for this evaluation, and we have actually not found any annoying surprise expenses. However, you must ensure that you log in to the platform at least when every 3 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 planning to trade for a while? Then it is a good idea to withdraw the money from your account.
You can inspect all Charges here:
Plus500 is primarily 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 suggests a market spread of 0.6 pips, in this example). Unlike other company who likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Windows App Download.
The following extra charges might be applied:
Overnight Financing – 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 overnight funding time and the day-to-day overnight funding portion can be discovered 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 be up to 0.7% of the trade’s realised net profit and loss and reflected in real time into the unrealised net revenue and loss of an employment opportunity.
Lack of exercise Fee – A charge of approximately USD 10 each month will be imposed, ought to you not visit to your trading account for a period of at least 3 months. This cost will be charged when a month from that minute onwards, as long as no login is made to the account. The inactivity fee 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 cost incurred in making the service available, even though it has not been utilized. Nevertheless, please note that the cost is only collected from the Real Money account and only when there suffice available funds in the account. In order to avoid this charge, just log into your trading account from time to time, as this is considered sufficient activity to prevent a cost from being charged.
Surefire Stop Order – if you pick 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 costs 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 costs on Plus500, we take a closer look at the numerous expenses you pay when you trade with Plus500.
Plus500 Windows App Download
Software application & possibilities
When you start trading, we comprehend that you naturally also want to utilize a great software package. With Plus500 trading is primarily done via the online WebTrader. An excellent 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 stuck out 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 want to trade. New clients will therefore not have to browse wish for buy & offer buttons on Plus500. Plus500 Windows App Download.
Opening a trade
Opening a trade with Plus500 is rather uncomplicated. It is very important to bear in mind that with Plus500 you always sell CFDs. With Plus500 you never ever straight trade in a share. The only thing that determines your result is the difference in between the cost at which you open and close the position.
When you open a position, you have 2 options. You can purchase the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with a rising rate and when you sell the CFD you get a favorable result with a falling price. Since you use leverage there is a high threat of losing cash quickly due to utilize.
The option to speculate on a decreasing cost is a significant advantage within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to react to different market situations.
Type of orders
With Plus500 you can right away open an order. When you press purchase or sell you will see the screen below:
In the order screen you can get in the quantity you wish to trade with. You also have the choice to immediately open or close the position after a specific price has been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Windows App Download.
It is also possible to place an order with Plus500. You do this by getting in a cost at which you automatically open the CFD position. By using orders, you can attain even much better trading results.
Take advantage of
With Plus500 you have the option to use a leverage. With a lever you can take a bigger position with the exact same amount of cash. Both your potential earnings and your possible loss boost when you use utilize. With each security you can right away see what the maximum utilize is that you can use.
The presence of an utilize is an advantage in the evaluation of Plus500. You can always decide to invest with smaller amounts if you want to reduce your threat.
On Plus500 you can also trade with the mobile application they use. The mobile application is less comprehensive than the WebTrader. You can carry out less extensive analyses with it. It is useful to likewise set up the mobile application. With the app you can get warnings when the price of a security reaches a specific worth.
The mobile application is very easy to use and it is excellent to change your orders when market conditions change considerably. The mobile application is therefore a strength in our review of the Plus500 platform.
Plus500 Windows App Download
Trading alternatives at Plus500
In this part of the evaluation we will go over the various types of securities you can sell with Plus500.
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency pairs. You can for instance place a trade on the development of the euro against the dollar.
On Plus500 you can also sell a comprehensive variety of CFD shares. The shares are neatly arranged by nation, so you can quickly discover a share to trade.
It’s likewise possible to trade in products by utilizing CFDs. The most popular commodity for trading is oil. You can often use a maximum utilize of as much as 1:20 to financial investments in raw materials. When you trade in gold you can use an utilize of 1:20.
On Plus500 you can likewise sell CFDs on alternatives. Choices typically move highly: an alternative can often increase or fall in value by tens of percent. With CFDs you can use a leverage of approximately 1:20 to alternatives, which further increases your prospective gains or losses.
Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for instance trade in the Dow Jones or NASDAQ index trackers.
At Plus500 you can also trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unstable and it can for that reason be interesting to actively speculate on their rate developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to policies”). Plus500 Windows App Download.
Conclusion on the trading options at Plus500
Plus500 has a vast array of tradable CFD securities. Even reasonably unknown regional 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 actually therefore been extremely favorable.
Support & research study
In this part of the review, we investigate how Plus500 supports traders.
At Plus500 you can carry out technical analyses on the graphs. Within the software you can utilize various drawing options. You can draw horizontal levels to suggest price levels where the market typically moves in the opposing direction.
You can also add technical indications on the chart. The series of technical indications at Plus500 is massive. You can choose from more than 100 different choices. It is smart to utilize technical indicators. By utilizing technical signs, you can execute better analyses.
The technical analysis choices within the Plus500 software application are extensive. Nevertheless, it is troublesome that you can not conserve numerous charts. This means that you have to duplicate the evaluates routinely. Expert investors would need to download other programs to perform more complex analyses.
Research and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these options are completely missing out on. There are no courses or webinars available at Plus500. This is a downside for people who join Plus500 to find out how to trade better.
It is useful that you receive a notice within the Plus500 software when intriguing advancements happen. When the rate of, for example, oil falls dramatically, you will receive a notification of this event. You can then choose on your own whether you wish to take a position on the marketplace development. Plus500 Windows App Download.
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 out on with Plus500 platform. Plus500 does not score well in the field of research study and education in our viewpoint.
Plus500 has a comprehensive and quick client service that is readily available in more than 30 languages. Your problems can be fixed quickly in your language.
It is recommended to get in touch with customer care through live chat. You can use the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed almost right away.
It is also possible to email Plus500. Mails are typically addressed within a day. It is a pity that no phone number is offered. This makes it impossible to speak straight to somebody. Due to the quick processing time, Plus500 still scores adequately in terms of customer care. Plus500 Windows App Download.
Security & dependability
Before you deposit money with a business, you naturally want to know that it is entirely secure to do so. In this part of the review, we look at how trustworthy Plus500 is.
Supervisors make sure that brokers adhere to the rules. Plus500 is monitored by:
- Plus500UK Ltd authorized & controlled by the FCA (# 509909).
- Plus500CY Ltd licensed & controlled 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; authorized monetary supplier in South Africa, FSP # 47546.
Security of your deposits
Depending on your nationality, you delight in additional defense if Plus500 goes bankrupt. This is done through a so-called investor protection fund. All customer funds are kept in a segregated client checking account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).
Plus500 has also set a number of extra guidelines to ensure that your money is as safe as possible on Plus500. Listed below you can discover a summary of these measurements:
Plus500 will never hypothesize with customers’ money. All funds are kept in a different checking account, which means that this cash is safe when unforeseen things happen with Plus500. And lastly, on Plus500 you are safeguarded 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 be entrusted to a recurring financial obligation. Plus500 Windows App Download.
Plus500 is 100% no rip-off. Plus500 securely manages client assets. The business is also supervised. Plus500 has been around considering that 2008 and is even noted on the London stock exchange. These are all great indications that Plus500 is trusted and we have actually come to that conclusion ourselves.
Plus500 Windows App Download
About the company
Plus500 was founded in 2008 and has grown highly since then. Plus500 is active in more than 30 countries and served more than 200,000 active consumers 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 actually opened numerous additional workplaces in other countries. Do you want to know more about the Plus500 company? In this post you will discover everything you need to understand!
Conclusion review Plus500
Plus500 is among the very best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the user-friendly software. On Plus500 you can trade at low rates. You likewise have the chance to react to altering market conditions by placing orders on both rising and falling prices. Plus500 Windows App Download.
Do you wish to find how Plus500 works? Then right away open a complimentary demo-account by pushing 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