[Revealed] – Alon Gonen Plus500

Plus500 Review: our experience with this broker
Plus500 is an online broker where you can hypothesize with CFDs on cryptocurrencies (Instrument availability subject to guidelines), Forex and stocks. In this extensive review, we share our experiences with this broker. In our test, Plus500 became an user-friendly broker where you can react to the current market advancements at low rates. Alon Gonen Plus500.

Alon Gonen Plus500

Advantage Plus500

  • At Plus500 you can speculate on rate advancements at low rates.
  • You can trade in a substantial variety of CFD shares.
  • It is possible to try Plus500 for free with a demonstration.
  • On Plus500 you can utilize the user-friendly web trader.
  • Plus500 provides its services in more than 30 various languages.
  • On Plus500 you can start trading from $100. Alon Gonen Plus500.

 

Drawbacks Plus500

  • Plus500 does not supply innovative software application for expert traders.
  • You can not discover substantial analyses within the platform.
  • Plus500 customer service is not readily available by phone.
  • On Plus500 you can only sell CFDs.

Would you like to try 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:

Alon Gonen Plus500

We go over the following topics in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw cash?
  • Costs: just how much does trading expense on Plus500?
  • Functionalities: what are the possibilities of the software application?
  • Trading choices: in what securities you trade on Plus500?
  • Support: what assistance do you get when trading?
  • Client service: what is the quality of the customer service? (costumer-service).
  • Dependability: Is this broker trusted? (dependability).
  • Info: more details about Plus500 (details).
  • Conclusion: the verdict of the Plus500 evaluation (conclusion).

 

Opening an account with Plus500
To do this you should first go to the Plus500 site. Click here * to open the Plus500 site. To develop a totally free demonstration account, you just have to select an email address and a password. It is likewise possible to log in with your Facebook or Google account. After you have actually left this information, you can immediately begin trading. Alon Gonen Plus500.

Alon Gonen Plus500

Plus500 accepts clients from most countries. There are likewise nationalities 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 review, we therefore provide Plus500 a positive score for opening an account. Alon Gonen Plus500.

 

Deposit & withdraw money
When you have ended up being familiar with the Plus500 platform, you can change to a genuine money account at any time. The minimum deposit at Plus500 is $100. You can transfer cash into your account by using one of these approaches:

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

Prior to your deposit can be processed, you should confirm your identity. Plus500 should adhere to legislation and can only get verified consumers. By confirming new costumers, Plus500 avoids costumers from utilizing the account for cash laundering.

Alon Gonen Plus500

We have actually gone through the whole process and uploaded the required documents. Our account was authorized and released by Plus500 within an hour. After validating the identity of your account, you don’t need to do it again. The length of this procedure depends upon your personal scenario and can be various for each client.

 

Withdraw money
You can withdraw the cash into your account at any time. You can do this by moving the money to your bank account or PayPal account. The transfer is made rapidly and the money will remain in your account within a few days. Alon Gonen Plus500.

Alon Gonen Plus500

 

On Plus500 there are no extra costs for transferring and withdrawing money. This is a big advantage of the broker Plus500: many other brokers charge a little cost for withdrawing money. Traders can benefit from approximately 5 complimentary withdrawals a month, after which a fee will be sustained.

Alon Gonen Plus500

Review of the costs of Plus500
When you begin trading with Plus500, you undoubtedly do not desire a big part of your money to be lost to high transaction expenses. In this part of the evaluation, we take a detailed look at the charges of trading with Plus500. Below we quickly analyze which costs Plus500 passes on to its customers.

 

Spread
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 uses 2 spread systems for its instruments: Dynamic spread which is continuously adjusted according to the marketplace spread throughout the duration 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 marketplace is unpredictable and illiquid, might change to a brand-new level so that the underlying market conditions are better reflected. Plus500 aims to supply the tightest possible spreads at all times. Alon Gonen Plus500.

 

Forex costs on Plus500
On Plus500 you can trade in different currency pairs. At the time of composing, you are paying 0.6 pips in deal charges 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 data on the 2th of June 14:00.).

 

Cryptocurrency expenses on Plus500
On Plus500 you can also sell cryptocurrencies such as Bitcoin. In our evaluation it emerged that at Plus500 you can trade against reasonably 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 fairly advantageous at Plus500. (We have drawn out these information on the 2th of June 14:00.).

 

Share costs 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 corresponds to 0.12% of the total worth. Trading CFD Tesla shares is therefore possible at a low cost. (Please keep in mind 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. Due to the fact that 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 overnight funding buy and the overnight financing sell costs. In many cases, you actually receive a premium for short positions. We compared Plus500 with other parties for this evaluation and the financing expenses were relatively low. Still, it is important to keep in mind that Plus500 is not very suitable for long-term trading because of the funding charges you need to pay on a daily basis. Alon Gonen Plus500.

 

Other expenses on Plus500
We have actually thoroughly investigated the expenses for this review, and we have not discovered any irritating surprise costs. You must ensure that you log in to the platform at least once every 3 months. If you do not do this, expenses 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 smart to withdraw the money from your account.

 

You can check all Charges here:

Plus500 is mainly made up 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 means a market spread of 0.6 pips, in this example). Unlike other company who also charge commissions on each trade, Plus500 does not charge dealing commissions. Alon Gonen Plus500.

Nevertheless, the following extra charges might be applied:

Overnight Financing – The overnight financing amount 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 discovered in the “Particulars” link next to the instrument’s name on the primary screen of the platform.

Currency Conversion Charge – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency various to the currency of your account.
The Currency Conversion Fee will currently depend on 0.7% of the trade’s realised internet profit and loss and shown in real time into the unrealised net profit and loss of an open position.

Lack of exercise Charge – A cost of up to USD 10 each month will be levied, must you not visit to your trading represent a period of at least 3 months. This fee will be charged when a month from that moment onwards, as long as no login is made to the account. The lack of exercise charge will be equal to the lesser of the remaining readily available balance in your account or USD 10 (or equivalent depending upon your currency). This is to balance out the cost sustained in making the service available, even though it has not been used. However, please note that the cost is just gathered from the Real Cash account and just when there are sufficient offered funds in the account. In order to avoid this cost, merely log into your trading account from time to time, as this is considered sufficient activity to prevent a fee 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 asked for rate (price), the trade is subject to a broader spread.

 

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

Alon Gonen Plus500

Software & possibilities
When you begin trading, we comprehend that you naturally likewise wish to use an excellent software package. With Plus500 trading is mainly done via the online WebTrader. A fantastic advantage 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 stuck out in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can rapidly discover the CFD in which you wish to trade. New customers will for that reason not need to browse long for buy & sell buttons on Plus500. Alon Gonen Plus500.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is necessary to remember that with Plus500 you always trade in CFDs. With Plus500 you never ever directly trade in a share. The only thing that identifies your outcome is the difference between the rate at which you open and close the position.

When you open a position, you have two alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable outcome with an increasing price and when you sell the CFD you get a positive outcome with a falling rate. Because you use take advantage of there is a high threat of losing cash rapidly due to utilize.

 

The option to hypothesize on a declining price is a significant benefit within the Plus500 platform. The alternative to brief sell increases your versatility and makes it possible to react to different market scenarios.

 

Type of orders
With Plus500 you can instantly open an order. When you push buy or offer you will see the screen below:

Alon Gonen Plus500

In the order screen you can go into the amount you want to trade with. You also have the choice to instantly open or close the position after a certain rate has been reached. This makes it possible to secure you trades when you have to go out. Alon Gonen Plus500.

It is also possible to put an order with Plus500. You do this by entering a rate at which you instantly open the CFD position. By utilizing orders, you can attain even better trading outcomes.

Alon Gonen Plus500

 

Take advantage of
With Plus500 you have the alternative to apply a leverage. With a lever you can take a larger position with the very same amount of money. Both your prospective profit and your potential loss increase when you apply utilize. With each security you can immediately see what the maximum leverage is that you can apply.

The presence of an utilize is an advantage in the evaluation of Plus500. You can constantly choose to invest with smaller sized amounts if you want to lower your threat.

 

Mobile application
On Plus500 you can also trade with the mobile application they provide. The mobile application is less extensive than the WebTrader. You can perform less extensive analyses with it. It is helpful to also install the mobile application. With the app you can get cautions when the cost of a security reaches a specific value.

The mobile application is extremely easy to use and it is excellent to adjust your orders when market conditions change considerably. The mobile application is for that reason a strong point in our evaluation of the Plus500 platform.

Alon Gonen Plus500

Trading alternatives at Plus500
In this part of the evaluation we will talk about the various types of securities you can sell with Plus500.

Forex
With Plus500 you can trade in CFDs on Forex. When you sell Forex, you hypothesize on cost changes in currency sets. You can for instance location a trade on the development of the euro versus the dollar.

Shares
On Plus500 you can also sell an extensive series of CFD shares. The shares are nicely arranged by nation, so you can rapidly discover a share to trade.

Commodities
It’s likewise possible to sell products by using CFDs. The most popular commodity for trading is oil. You can typically apply a maximum utilize of as much as 1:20 to financial investments in raw materials. When you sell gold you can apply an utilize of 1:20.

Options
On Plus500 you can likewise trade in CFDs on options. Choices typically move strongly: an alternative can sometimes rise or fall in worth by 10s of percent. With CFDs you can use a leverage of approximately 1:20 to choices, 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 example trade in the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most well-known cryptocurrencies. Cryptocurrencies are really unstable and it can therefore be interesting to actively hypothesize on their rate developments. One of the most popular cryptocurrencies to trade in is the Bitcoin. (” Instrument accessibility subject to guidelines”). Alon Gonen Plus500.


Conclusion on the trading alternatives at Plus500

Plus500 has a wide range of tradable CFD securities. Even reasonably unidentified local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an attractive broker for investors from all nations. My experience with Plus50 has actually therefore been extremely favorable.

 

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

 

Technical analyses
At Plus500 you can perform technical analyses on the charts. Within the software you can use various drawing options. You can draw horizontal levels to show price levels where the marketplace often relocates the opposing direction.

Alon Gonen Plus500

You can also add technical signs on the chart. The series of technical indications at Plus500 is massive. You can select from more than 100 different choices. It is a good idea to utilize technical signs. By utilizing technical indications, you can execute better analyses.

Alon Gonen Plus500

The technical analysis alternatives within the Plus500 software application are extensive. However, it is bothersome that you can not conserve multiple charts. This suggests that you have to repeat the examines frequently. Professional 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 and education: at Plus500 these options are totally missing. There are no courses or webinars offered at Plus500. This is a downside for people who sign up with Plus500 to discover how to trade better.

It is useful that you get a notice within the Plus500 software application when intriguing advancements occur. When the rate of, for example, oil falls dramatically, you will receive a notice of this occasion. You can then choose for yourself whether you wish to take a position on the market development. Alon Gonen Plus500.

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 purchasers 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.

 

Customer service
Plus500 has a detailed and quick customer service that is offered in more than 30 languages. Your problems can be fixed quickly in your language.

It is advised to call customer service via live chat. You can utilize the live chat button within the Plus500 WebTrader. By utilizing the live chat, your issues can be fixed practically right away.

It is also possible to email Plus500. Mails are often addressed within a day. It is a pity that no phone number is offered. This makes it difficult to speak directly to someone. Due to the quick processing time, Plus500 still scores adequately in terms of customer service. Alon Gonen Plus500.

Alon Gonen Plus500

 

Security & reliability
Prior to you transfer cash with a business, you naturally need to know that it is completely protected to do so. In this part of the evaluation, we look at how reputable Plus500 is.

Regulation
Supervisors guarantee that brokers adhere to the guidelines. Plus500 is supervised by:

  • Plus500UK Ltd authorized & regulated by the FCA (# 509909).
  • Plus500CY Ltd authorized & controlled by the CySEC (# 250/14).
  • Plus500SG Pte Ltd, licensed 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; licensed monetary service provider in South Africa, FSP # 47546.

Security of your deposits
Depending on your citizenship, you delight in extra defense if Plus500 goes bankrupt. This is done through a so-called investor security fund. All customer funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has likewise set numerous additional rules to make sure that your money is as safe as possible on Plus500. Listed below you can discover an overview of these measurements:

Alon Gonen Plus500

Plus500 will never speculate with customers’ cash. All funds are saved in a separate checking account, which means that this money is secure when unanticipated things occur with Plus500. And last but not least, on Plus500 you are protected against an unfavorable balance, due to the fact that he Unfavorable balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. Alon Gonen Plus500.

 

Conclusion dependability
Plus500 is 100% no scam. Plus500 securely handles customer properties. The business is likewise monitored. Plus500 has actually been around because 2008 and is even noted on the London stock exchange. These are all great indicators that Plus500 is reliable and we have actually come to that conclusion ourselves.

Alon Gonen Plus500

About the company
Plus500 was founded in 2008 and has grown strongly ever since. Plus500 is active in more than 30 countries and served more than 200,000 active customers in 2019. Plus500 carried out over 35 million deals 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 opened several extra offices in other nations. Do you wish to know more about the Plus500 business? In this short article you will discover whatever you need to understand!

Alon Gonen Plus500

Conclusion evaluation Plus500
Plus500 is one of the very best CFD brokers. With Plus500 you can actively trade CFDs on all recognized shares and cryptocurrencies by using the user-friendly software application. On Plus500 you can trade at low rates. You also have the chance to respond to changing market conditions by putting orders on both rising and falling rates. Alon Gonen Plus500.

Do you wish to discover how Plus500 works? Instantly open a complimentary demo-account by pressing the button below: