[NEW] – Plus500 Windows App

Plus500 Review: our experience with this broker – Plus500 Windows App
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 easy to use broker where you can respond to the current market developments at low rates. Plus500 Windows App.

Plus500 Windows App

Benefit Plus500

  • At Plus500 you can hypothesize on cost advancements at low rates.
  • You can trade in an extensive range of CFD shares.
  • It is possible to attempt Plus500 free of charge 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 begin trading from $100. Plus500 Windows App.

 

Disadvantages Plus500

  • Plus500 does not provide sophisticated software application for expert traders.
  • You can not discover extensive analyses within the platform.
  • Plus500 customer support 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 threat? Utilize the button listed below to open a demonstration account with this broker:

Plus500 Windows App

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 cash?
  • Costs: just how much does trading cost on Plus500?
  • Performances: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what support do you receive when trading?
  • Customer service: what is the quality of the costumer service? (costumer-service).
  • Dependability: Is this broker trusted? (reliability).
  • Information: more info about Plus500 (info).
  • Conclusion: the verdict of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you need to initially check out the Plus500 site. Click here * to open the Plus500 website. To create a totally free demo account, you just have 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 information, you can right away start trading. Plus500 Windows App.

Plus500 Windows App

Plus500 accepts consumers from many countries. 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 therefore provide Plus500 a positive rating for opening an account. Plus500 Windows App.

 

Deposit & withdraw cash
When you have become familiar 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 cash into your account by utilizing one of these methods:

  • Creditcard.
  • Bank transfer.
  • PayPal.
  • Skrill.
  • iDEAL

Prior to your deposit can be processed, you must validate your identity. Plus500 needs to abide by legislation and can only get confirmed clients. By confirming brand-new customers, Plus500 avoids customers from using the represent cash laundering.

Plus500 Windows App

We have actually gone through the whole process and uploaded the needed documents. 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 individual scenario and can be different for each costumer.

 

Withdraw cash
You can withdraw the money 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 quickly and the money will remain in your account within a couple of days. Plus500 Windows App.

Plus500 Windows App

 

On Plus500 there are no extra expenses for depositing and withdrawing money. This is a big benefit of the broker Plus500: many other brokers charge a small cost for withdrawing cash. Traders can take advantage of as much as 5 free withdrawals a month, after which a cost will be incurred.

Plus500 Windows App

Review of the expenses of Plus500
When you start trading with Plus500, you certainly do not desire a large part of your cash to be lost to high deal costs. In this part of the review, we take an in-depth look at the costs of trading with Plus500. Below we quickly analyze which costs Plus500 hands down to its customers.

 

Spread
With Plus500 you pay a spread over every deal. The spread is the difference between the buy and sell price of a CFD. Plus500 uses 2 spread mechanisms for its instruments: Dynamic spread which is continuously changed according to the market spread out throughout the duration a position is open vs. a Spread which does not typically alter in line with general market fluctuations while a position is open, but when the marketplace is volatile and illiquid, might alter to a new level so that the underlying market conditions are better shown. Plus500 intends to provide the tightest possible spreads at all times. Plus500 Windows App.

 

Forex expenses on Plus500
On Plus500 you can sell different currency sets. At the time of composing, you are paying 0.6 pips in transaction charges on the pair of EUR/ USD. We compared these expenses with those of other companies and concluded that these expenses are comparable to those of other brokers. (We have actually extracted these information on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can likewise trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against reasonably advantageously costs 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 advantageous at Plus500. (We have extracted 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 presently pay a spread of $ 0.95, which equates to 0.12% of the overall value. 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.).

 

Financing costs at Plus500
With Plus500 you have the alternative to trade on margin. Because 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 financing sell costs. In many cases, you in fact receive a premium for brief positions. We compared Plus500 with other parties for this review and the funding expenses were reasonably low. Still, it is necessary to remember that Plus500 is not really ideal for long-term trading because of the funding fees you have to pay on a daily basis. Plus500 Windows App.

 

Other expenses on Plus500
We have actually extensively examined the costs for this review, and we have actually not discovered any annoying surprise costs. You should guarantee that you log in to the platform at least when every three months. If you don’t do this, costs for lack of exercise will be charged. This holds true with a lot of brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? Then it is smart to withdraw the cash from your account.

 

You can check all Fees here:

Plus500 is primarily 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 likewise charge commissions on each trade, Plus500 does not charge dealing commissions. Plus500 Windows App.

Nevertheless, the following additional costs may be used:

Overnight Funding – The over night funding quantity is either added to or subtracted from your account when holding a position after a specific time (the “Overnight Funding Time”).
The overnight funding time and the daily over night funding portion can be found in the “Details” link next to 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 different to the currency of your account.
The Currency Conversion Cost will presently depend on 0.7% of the trade’s understood net profit and loss and shown in real time into the unrealised net revenue and loss of an employment opportunity.

Lack of exercise Charge – A fee of approximately USD 10 each month will be imposed, need to you not log in to your trading account for a period of a minimum of 3 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 fee will be equal to the lower of the remaining readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to offset the cost sustained in making the service offered, even though it has not been utilized. Nevertheless, please note that the fee is only gathered from the Genuine Cash account and just when there suffice offered funds in the account. In order to avoid this charge, merely log into your trading account from time to time, as this is considered adequate activity to prevent a charge from being charged.

Guaranteed Stop Order – if you select this feature, please note that as it ensures that your position (trade) closes at a particular requested rate (cost), the trade is subject to a wider spread.

 

Conclusion Plus500 fees
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 post about the costs on Plus500, we take a closer look at the different costs you pay when you trade with Plus500.

Plus500 Windows App

Software & possibilities
When you begin trading, we understand that you of course likewise wish to use a great software package. With Plus500 trading is primarily done via the online WebTrader. A terrific advantage of the WebTrader is the accessibility: you can visit to the platform at any time and from any location 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 rapidly find the CFD in which you want to trade. New consumers will therefore not need to browse long for buy & sell buttons on Plus500. Plus500 Windows App.

 

Opening a trade
Opening a trade with Plus500 is rather simple. It is important to keep in mind that with Plus500 you always trade in CFDs. With Plus500 you never ever directly sell a share. The only thing that identifies your result is the distinction between the rate at which you open and close the position.

When you open a position, you have 2 choices. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a positive result with an increasing cost and when you offer the CFD you get a positive outcome with a falling price. Given that you use take advantage of there is a high danger of losing cash rapidly due to leverage.

 

The choice to hypothesize on a declining cost is a significant advantage within the Plus500 platform. The choice to brief sell increases your flexibility and makes it possible to respond 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:

Plus500 Windows App

In the order screen you can go into the amount you want to trade with. You also have the option to instantly open or close the position after a certain cost has actually been reached. This makes it possible to safeguard you trades when you have to go out. Plus500 Windows App.

It is also possible to position an order with Plus500. You do this by going into a cost at which you automatically open the CFD position. By using orders, you can attain even better trading outcomes.

Plus500 Windows App

 

Leverage
With Plus500 you have the choice to use a take advantage of. With a lever you can take a bigger position with the exact same quantity of cash. Both your prospective revenue and your prospective loss increase when you use take advantage of. With each security you can right away see what the maximum utilize is that you can use.

The existence of an utilize is an advantage in the evaluation of Plus500. You can always decide to invest with smaller sized amounts if you want to decrease your risk.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less substantial than the WebTrader. You can perform 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 particular value.

The mobile application is extremely user-friendly and it is excellent to adjust your orders when market conditions change substantially. The mobile application is therefore a strength in our review of the Plus500 platform.

Plus500 Windows App

Trading choices at Plus500
In this part of the evaluation we will go over the different kinds of securities you can trade in with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you speculate on cost changes in currency sets. You can for example place a trade on the advancement of the euro versus the dollar.

Shares
On Plus500 you can likewise trade in an extensive series of CFD shares. The shares are neatly arranged by country, so you can rapidly discover a share to trade.

Products
It’s also possible to trade in commodities by using CFDs. The most popular commodity for trading is oil. You can typically apply a maximum leverage of approximately 1:20 to financial investments in basic materials. When you sell gold you can apply a leverage of 1:20.

Options
On Plus500 you can likewise trade in CFDs on choices. Options often move strongly: a choice can in some cases increase or fall in value by tens of percent. With CFDs you can apply an utilize of as much as 1:20 to choices, which further increases your possible gains or losses.

Indices or ETFs
On Plus500 you can likewise trade in CFDs on well-known indexes or ETFs. You can for example trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can also trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are extremely unpredictable and it can for that reason be interesting to actively hypothesize on their cost developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument availability subject to regulations”). Plus500 Windows App.


Conclusion on the trading choices at Plus500

Plus500 has a wide range of tradable CFD securities. Even relatively unknown local stocks can frequently be found on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all countries. My experience with Plus50 has for that reason been very positive.

 

Support & research
In this part of the review, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can carry out technical analyses on the graphs. Within the software you can use various drawing alternatives. You can draw horizontal levels to show price levels where the marketplace typically relocates the opposing direction.

Plus500 Windows App

You can likewise include technical signs on the graph. The variety of technical indicators at Plus500 is huge. You can choose from more than 100 various options. It is smart to utilize technical indicators. By using technical indicators, you can execute much better analyses.

Plus500 Windows App

The technical analysis alternatives within the Plus500 software application are comprehensive. Nevertheless, it is troublesome that you can not conserve several charts. This means that you need to duplicate the analyzes frequently. Expert investors would need to download other programs to carry out more complex analyses.

 

Research and education
In this review 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 people who sign up with Plus500 to find out how to trade much better.

It is useful that you receive a notice within the Plus500 software application when intriguing developments occur. When the rate of, for instance, oil falls dramatically, you will get a notice of this event. You can then decide for yourself whether you wish to take a position on the marketplace advancement. Plus500 Windows App.

Within the Plus500 software application you can likewise see how other users sell a security. By looking at the positions other traders take, you can see whether there are more purchasers or sellers. Other fundamental information is missing out on with Plus500 platform. Plus500 does not score well in the field of research and education in our opinion.

 

Client service
Plus500 has a detailed and fast customer service that is offered in more than 30 languages. Your issues can be fixed rapidly in your language.

It is recommended to get in touch with client service by means of live chat. You can use the live chat button within the Plus500 WebTrader. By using the live chat, your problems can be fixed almost instantly.

It is likewise possible to email Plus500. Mails are typically addressed within a day. It is a pity that no telephone number is readily available. This makes it difficult to speak straight to somebody. Due to the fast processing time, Plus500 still ratings adequately in terms of client service. Plus500 Windows App.

Plus500 Windows App

 

Security & dependability
Prior to you transfer cash with a company, you naturally would like to know that it is entirely protected to do so. In this part of the evaluation, we take a look at how dependable Plus500 is.

Regulation
Supervisors ensure that brokers follow the rules. Plus500 is supervised by:

  • Plus500UK Ltd licensed & controlled by the FCA (# 509909).
  • Plus500CY Ltd licensed & 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), licensed by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized monetary company in South Africa, FSP # 47546.

Security of your deposits
Depending upon your citizenship, you delight in additional security if Plus500 goes bankrupt. This is done through a so-called financier security fund. All client funds are held in a segregated customer bank account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has actually likewise set a number of extra rules to guarantee that your cash is as safe as possible on Plus500. Listed below you can find an overview of these measurements:

Plus500 Windows App

Plus500 will never hypothesize with customers’ money. All funds are kept in a different checking account, which suggests that this cash is protected when unanticipated things happen with Plus500. And last but not least, on Plus500 you are secured against a negative balance, since he Negative balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual debt. Plus500 Windows App.

 

Conclusion dependability
Plus500 is 100% no fraud. Plus500 firmly manages client assets. The company is likewise supervised. Plus500 has been around since 2008 and is even noted on the London stock exchange. These are all excellent indications that Plus500 is reputable and we have actually pertained to that conclusion ourselves.

Plus500 Windows App

About the business
Plus500 was founded in 2008 and has actually grown highly ever since. Plus500 is active in more than 30 nations and served more than 200,000 active consumers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The head office of the business can be discovered in Israel, however they have actually opened numerous additional workplaces in other countries. Do you wish to know more about the Plus500 business? In this short article you will discover everything you need to know!

Plus500 Windows App

Conclusion evaluation Plus500
Plus500 is one of the best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the easy to use software application. On Plus500 you can trade at low rates. You also have the opportunity to react to changing market conditions by putting orders on both rising and falling rates. Plus500 Windows App.

Do you wish to find how Plus500 works? Then right away open a free demo-account by pressing the button listed below:

 

 

 

 

You May Also Like